OSLO: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
OSLO
Largest movements
- Tangible fixed assets +€184,000
up €184,000 (+20.9%), from €879,455 to €1.1m
of which Land and buildings: +€329,636
- Cash -€153,216
down €153,216 (-79.9%), from €191,817 to €38,601
mainly Investment in fixed assets (net) (-€226,320) and Contributions, distributions and other (-€201,533)
- Receivables within one year -€82,880
down €82,880 (-70.4%), from €117,750 to €34,869
of which Other amounts receivable: -€47,517
- Reserves -€89,385
down €89,385 (-19.1%), from €467,995 to €378,610
of which Distributable reserves: -€86,949
- Tax, wage and social debts +€17,362
up €17,362 (+191.9%), from €9,045 to €26,407
- Trade debts +€14,647
up €14,647 (+200.2%), from €7,318 to €21,964
- Depreciation -€51,197
down €51,197 (-54.7%), from €93,518 to €42,320
- Taxes +€37,381
up €37,381 (+433.1%), from €8,630 to €46,012
- Financial charges +€19,320
up €19,320 (+175.8%), from €10,991 to €30,311
- Financial income -€6,865
down €6,865 (-37.5%), from €18,283 to €11,418
- Gross operating margin +€2,319
up €2,319 (+1.1%), from €220,068 to €222,387
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,399,435 | €1,349,745 | -€49,689 | -3.6% |
| Fixed assets | 21/28 | €879,879 | €1,063,879 | +€184,000 | +20.9% |
| Tangible fixed assets | 22/27 | €879,455 | €1,063,455 | +€184,000 | +20.9% |
| Land and buildings | 22 | €614,726 | €944,363 | +€329,636 | +53.6% |
| Plant, machinery and equipment | 23 | €247,542 | €111,483 | -€136,059 | -55.0% |
| Furniture and vehicles | 24 | €11,527 | €1,949 | -€9,578 | -83.1% |
| Other tangible fixed assets | 26 | €5,660 | €5,660 | = | 0.0% |
| Financial fixed assets | 28 | €424 | €424 | = | 0.0% |
| Current assets | 29/58 | €519,556 | €285,867 | -€233,689 | -45.0% |
| Amounts receivable after more than one year | 29 | €199,674 | €199,674 | = | 0.0% |
| Other amounts receivable | 291 | €199,674 | €199,674 | = | 0.0% |
| Stocks and contracts in progress | 3 | €7,063 | €11,240 | +€4,177 | +59.1% |
| Stocks | 30/36 | €7,063 | €11,240 | +€4,177 | +59.1% |
| Amounts receivable within one year | 40/41 | €117,750 | €34,869 | -€82,880 | -70.4% |
| Trade receivables | 40 | €39,326 | €3,963 | -€35,364 | -89.9% |
| Other amounts receivable | 41 | €78,423 | €30,907 | -€47,517 | -60.6% |
| Cash at bank and in hand | 54/58 | €191,817 | €38,601 | -€153,216 | -79.9% |
| Deferred charges and accrued income | 490/1 | €3,252 | €1,482 | -€1,770 | -54.4% |
| Total equity and liabilities | 10/49 | €1,399,435 | €1,349,745 | -€49,689 | -3.6% |
| Equity | 10/15 | €480,395 | €391,010 | -€89,385 | -18.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €467,995 | €378,610 | -€89,385 | -19.1% |
| Non-distributable reserves | 130/1 | €4,230 | €4,230 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,230 | €4,230 | = | 0.0% |
| Tax-exempt reserves | 132 | €79,611 | €77,175 | -€2,436 | -3.1% |
| Distributable reserves | 133 | €384,154 | €297,205 | -€86,949 | -22.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €26,537 | €25,725 | -€812 | -3.1% |
| Deferred taxes | 168 | €26,537 | €25,725 | -€812 | -3.1% |
| Amounts payable | 17/49 | €892,502 | €933,011 | +€40,508 | +4.5% |
| Amounts payable after more than one year | 17 | €785,555 | €794,904 | +€9,349 | +1.2% |
| Financial debts | 170/4 | €785,555 | €794,904 | +€9,349 | +1.2% |
| Amounts payable within one year | 42/48 | €106,947 | €138,107 | +€31,160 | +29.1% |
| Current portion of amounts payable after more than one year | 42 | €39,942 | €35,599 | -€4,343 | -10.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €7,318 | €21,964 | +€14,647 | +200.2% |
| Suppliers | 440/4 | €7,318 | €21,964 | +€14,647 | +200.2% |
| Taxes, remuneration and social security | 45 | €9,045 | €26,407 | +€17,362 | +191.9% |
| Taxes | 450/3 | €9,045 | €26,407 | +€17,362 | +191.9% |
| Other amounts payable | 47/48 | €50,642 | €54,137 | +€3,494 | +6.9% |
| Non-recurring operating income | 76A | €107,205 | €0 | -€107,205 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,518 | €42,320 | -€51,197 | -54.7% |
| Other operating charges | 640/8 | €4,641 | €3,826 | -€815 | -17.6% |
| Gross operating margin | 9900 | €220,068 | €222,387 | +€2,319 | +1.1% |
| Operating profit (loss) | 9901 | €121,910 | €176,241 | +€54,331 | +44.6% |
| Financial income | 75/76B | €18,283 | €11,418 | -€6,865 | -37.5% |
| Recurring financial income | 75 | €18,283 | €11,418 | -€6,865 | -37.5% |
| Financial charges | 65/66B | €10,991 | €30,311 | +€19,320 | +175.8% |
| Recurring financial charges | 65 | €10,991 | €30,311 | +€19,320 | +175.8% |
| Profit (loss) for the period before taxes | 9903 | €129,201 | €157,347 | +€28,146 | +21.8% |
| Transfer from deferred taxes | 780 | €264 | €812 | +€548 | +207.6% |
| Transfer to deferred taxes | 680 | €26,801 | €0 | -€26,801 | -100.0% |
| Income taxes | 67/77 | €8,630 | €46,012 | +€37,381 | +433.1% |
| Profit (loss) for the period | 9904 | €94,034 | €112,147 | +€18,114 | +19.3% |
| Transfer from tax-exempt reserves | 789 | €792 | €2,436 | +€1,644 | +207.6% |
| Transfer to tax-exempt reserves | 689 | €80,403 | €0 | -€80,403 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,422 | €114,584 | +€100,162 | +694.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.