OSMAN: what changed
Two fiscal 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.
OSMAN
Largest movements
- Tangible fixed assets +€37,613
up €37,613 (+152.7%), from €24,635 to €62,248
of which Furniture and vehicles: +€32,491
- Cash -€18,132
down €18,132 (-50.6%), from €35,806 to €17,674
mainly Investment in fixed assets (net) (-€50,835) and Trade debts (-€8,624)
- Deferred charges and accrued income -€4,183
down €4,183 (-65.8%), from €6,359 to €2,176
- Debts after one year +€30,455
new in 2025: €30,455
- Trade debts -€8,624
down €8,624 (-81.6%), from €10,566 to €1,942
- Profit (loss) carried forward -€5,923
down €5,923, from €4,839 to -€1,084
- Gross operating margin -€23,413
down €23,413 (-72.4%), from €32,345 to €8,932
- Purchases and services +€17,605
up €17,605 (+10.5%), from €168,043 to €185,648
- Depreciation +€8,078
up €8,078 (+157.0%), from €5,144 to €13,221
- Turnover -€7,123
down €7,123 (-3.6%), from €199,810 to €192,687
- Taxes -€6,812
no longer reported in 2025 (was €6,812)
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 | €67,918 | €83,826 | +€15,908 | +23.4% |
| Fixed assets | 21/28 | €24,635 | €62,248 | +€37,613 | +152.7% |
| Tangible fixed assets | 22/27 | €24,635 | €62,248 | +€37,613 | +152.7% |
| Plant, machinery and equipment | 23 | €21,513 | €22,356 | +€844 | +3.9% |
| Furniture and vehicles | 24 | €596 | €33,087 | +€32,491 | +5451.1% |
| Other tangible fixed assets | 26 | €2,526 | €6,805 | +€4,279 | +169.4% |
| Current assets | 29/58 | €43,284 | €21,579 | -€21,705 | -50.1% |
| Stocks and contracts in progress | 3 | €1,015 | €1,705 | +€690 | +68.0% |
| Stocks | 30/36 | €1,015 | €1,705 | +€690 | +68.0% |
| Amounts receivable within one year | 40/41 | €104 | €24 | -€80 | -77.2% |
| Other amounts receivable | 41 | €104 | €24 | -€80 | -77.2% |
| Cash at bank and in hand | 54/58 | €35,806 | €17,674 | -€18,132 | -50.6% |
| Deferred charges and accrued income | 490/1 | €6,359 | €2,176 | -€4,183 | -65.8% |
| Total equity and liabilities | 10/49 | €67,918 | €83,826 | +€15,908 | +23.4% |
| Equity | 10/15 | €55,539 | €49,616 | -€5,923 | -10.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €6,200 | €18,600 | +€12,400 | +200.0% |
| Uncalled capital | 101 | - | €12,400 | +€12,400 | |
| Reserves | 13 | €44,500 | €44,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,640 | €12,640 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,839 | -€1,084 | -€5,923 | |
| Amounts payable | 17/49 | €12,379 | €34,210 | +€21,831 | +176.4% |
| Amounts payable after more than one year | 17 | - | €30,455 | +€30,455 | |
| Financial debts | 170/4 | - | €30,455 | +€30,455 | |
| Amounts payable within one year | 42/48 | €12,379 | €3,755 | -€8,624 | -69.7% |
| Trade debts | 44 | €10,566 | €1,942 | -€8,624 | -81.6% |
| Suppliers | 440/4 | €10,566 | €1,942 | -€8,624 | -81.6% |
| Taxes, remuneration and social security | 45 | €1,812 | €1,812 | = | 0.0% |
| Taxes | 450/3 | €1,812 | €1,812 | = | 0.0% |
| Turnover | 70 | €199,810 | €192,687 | -€7,123 | -3.6% |
| Non-recurring operating income | 76A | €579 | €1,894 | +€1,315 | +227.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €168,043 | €185,648 | +€17,605 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,144 | €13,221 | +€8,078 | +157.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€71 | -€690 | -€619 | -869.8% |
| Other operating charges | 640/8 | €789 | €1,736 | +€947 | +120.1% |
| Gross operating margin | 9900 | €32,345 | €8,932 | -€23,413 | -72.4% |
| Operating profit (loss) | 9901 | €26,484 | -€5,335 | -€31,819 | |
| Financial income | 75/76B | €73 | €60 | -€13 | -17.8% |
| Recurring financial income | 75 | €73 | €60 | -€13 | -17.8% |
| Financial charges | 65/66B | €791 | €648 | -€143 | -18.1% |
| Recurring financial charges | 65 | €791 | €648 | -€143 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €25,766 | -€5,923 | -€31,689 | |
| Income taxes | 67/77 | €6,812 | - | -€6,812 | |
| Profit (loss) for the period | 9904 | €18,954 | -€5,923 | -€24,878 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,954 | -€5,923 | -€24,878 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.