OSMANA: 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.
OSMANA
Largest movements
- Receivables after one year -€832,429
down €832,429 (-74.7%), from €1.1m to €282,056
- Financial fixed assets +€619,804
up €619,804 (+163.0%), from €380,351 to €1.0m
- Receivables within one year +€334,048
up €334,048 (+46.6%), from €716,826 to €1.1m
of which Other amounts receivable: +€347,502
- Cash -€46,027
down €46,027 (-75.3%), from €61,119 to €15,091
mainly Investment in fixed assets (net) (-€730,068) and Debts after one year (-€362,669)
- Other debts +€446,475
up €446,475 (+79.5%), from €561,510 to €1.0m
- Debts after one year -€362,669
down €362,669 (-21.6%), from €1.7m to €1.3m
of which Financial debts: -€362,669
- Reserves -€318,375
down €318,375 (-18.0%), from €1.8m to €1.5m
of which Distributable reserves: -€318,375
- Tax, wage and social debts +€313,004
up €313,004, from €0 to €313,004
- Gross operating margin -€84,510
down €84,510 (-109.2%), from -€77,405 to -€161,915
- Financial charges -€45,850
down €45,850 (-54.1%), from €84,717 to €38,867
- Other operating charges +€31,758
up €31,758 (+137.7%), from €23,068 to €54,826
- Depreciation +€20,738
up €20,738 (+24.7%), from €83,793 to €104,531
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 | €4,293,327 | €4,350,867 | +€57,539 | +1.3% |
| Fixed assets | 21/28 | €2,255,466 | €2,881,003 | +€625,537 | +27.7% |
| Tangible fixed assets | 22/27 | €1,875,115 | €1,880,848 | +€5,733 | +0.3% |
| Land and buildings | 22 | €1,828,871 | €1,761,658 | -€67,213 | -3.7% |
| Furniture and vehicles | 24 | €41,087 | €115,872 | +€74,785 | +182.0% |
| Other tangible fixed assets | 26 | €5,157 | €3,318 | -€1,839 | -35.7% |
| Financial fixed assets | 28 | €380,351 | €1,000,155 | +€619,804 | +163.0% |
| Current assets | 29/58 | €2,037,861 | €1,469,864 | -€567,997 | -27.9% |
| Amounts receivable after more than one year | 29 | €1,114,485 | €282,056 | -€832,429 | -74.7% |
| Other amounts receivable | 291 | €1,114,485 | €282,056 | -€832,429 | -74.7% |
| Amounts receivable within one year | 40/41 | €716,826 | €1,050,874 | +€334,048 | +46.6% |
| Trade receivables | 40 | €234,533 | €221,079 | -€13,454 | -5.7% |
| Other amounts receivable | 41 | €482,293 | €829,796 | +€347,502 | +72.1% |
| Current investments | 50/53 | €105,844 | €81,067 | -€24,777 | -23.4% |
| Cash at bank and in hand | 54/58 | €61,119 | €15,091 | -€46,027 | -75.3% |
| Deferred charges and accrued income | 490/1 | €39,588 | €40,775 | +€1,187 | +3.0% |
| Total equity and liabilities | 10/49 | €4,293,327 | €4,350,867 | +€57,539 | +1.3% |
| Equity | 10/15 | €1,891,349 | €1,572,973 | -€318,375 | -16.8% |
| Contributions | 10/11 | €118,600 | €118,600 | = | 0.0% |
| Reserves | 13 | €1,772,749 | €1,454,373 | -€318,375 | -18.0% |
| Non-distributable reserves | 130/1 | €11,860 | €11,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,860 | €11,860 | = | 0.0% |
| Distributable reserves | 133 | €1,760,889 | €1,442,513 | -€318,375 | -18.1% |
| Amounts payable | 17/49 | €2,401,979 | €2,777,893 | +€375,914 | +15.7% |
| Amounts payable after more than one year | 17 | €1,675,461 | €1,312,792 | -€362,669 | -21.6% |
| Financial debts | 170/4 | €1,675,461 | €1,312,792 | -€362,669 | -21.6% |
| Other amounts payable | 178/9 | - | €0 | = | |
| Amounts payable within one year | 42/48 | €724,981 | €1,463,543 | +€738,562 | +101.9% |
| Current portion of amounts payable after more than one year | 42 | €129,201 | €120,006 | -€9,196 | -7.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €34,270 | €22,548 | -€11,721 | -34.2% |
| Suppliers | 440/4 | €34,270 | €22,548 | -€11,721 | -34.2% |
| Taxes, remuneration and social security | 45 | €0 | €313,004 | +€313,004 | |
| Taxes | 450/3 | €0 | €313,004 | +€313,004 | |
| Other amounts payable | 47/48 | €561,510 | €1,007,985 | +€446,475 | +79.5% |
| Accrued charges and deferred income | 492/3 | €1,537 | €1,558 | +€21 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,793 | €104,531 | +€20,738 | +24.7% |
| Other operating charges | 640/8 | €23,068 | €54,826 | +€31,758 | +137.7% |
| Gross operating margin | 9900 | -€77,405 | -€161,915 | -€84,510 | -109.2% |
| Operating profit (loss) | 9901 | -€184,267 | -€321,272 | -€137,006 | -74.4% |
| Financial income | 75/76B | €41,667 | €41,952 | +€284 | +0.7% |
| Recurring financial income | 75 | €41,667 | €41,952 | +€284 | +0.7% |
| Financial charges | 65/66B | €84,717 | €38,867 | -€45,850 | -54.1% |
| Recurring financial charges | 65 | €84,717 | €38,867 | -€45,850 | -54.1% |
| Profit (loss) for the period before taxes | 9903 | -€227,316 | -€318,187 | -€90,871 | -40.0% |
| Income taxes | 67/77 | - | €188 | +€188 | |
| Profit (loss) for the period | 9904 | -€227,316 | -€318,375 | -€91,059 | -40.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€227,316 | -€318,375 | -€91,059 | -40.1% |
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 4 October 2026 via checked.be.