OSMEAL-Q: 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.
OSMEAL-Q
Largest movements
- Current investments -€1.6m
down €1.6m (-93.2%), from €1.7m to €115,000
- Receivables within one year +€681,044
up €681,044 (+3267.6%), from €20,842 to €701,886
of which Other amounts receivable: +€681,044
- Cash -€287,690
down €287,690 (-85.4%), from €337,031 to €49,342
mainly Other debts (-€1.1m) and Receivables within one year (-€681,044)
- Other debts -€1.1m
down €1.1m (-100.0%), from €1.1m to €0
- Reserves -€35,398
down €35,398 (-2.2%), from €1.6m to €1.6m
of which Distributable reserves: -€35,398
- Financial charges +€6,192
up €6,192 (+412.2%), from €1,502 to €7,694
- Gross operating margin -€3,137
down €3,137 (-25.2%), from -€12,455 to -€15,593
- Depreciation +€502
up €502 (+4.8%), from €10,537 to €11,039
- Other operating charges +€255
up €255 (+26.6%), from €958 to €1,213
- Financial income +€173
up €173 (+121.5%), from €143 to €316
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,808,640 | €1,620,096 | -€1.2m | -42.3% |
| Fixed assets | 21/28 | €661,908 | €650,868 | -€11,039 | -1.7% |
| Tangible fixed assets | 22/27 | €291,908 | €280,868 | -€11,039 | -3.8% |
| Land and buildings | 22 | €254,678 | €254,678 | = | 0.0% |
| Plant, machinery and equipment | 23 | €165 | €83 | -€83 | -50.0% |
| Furniture and vehicles | 24 | €37,065 | €26,108 | -€10,957 | -29.6% |
| Financial fixed assets | 28 | €370,000 | €370,000 | = | 0.0% |
| Current assets | 29/58 | €2,146,733 | €969,227 | -€1.2m | -54.9% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €20,842 | €701,886 | +€681,044 | +3267.6% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €20,842 | €701,886 | +€681,044 | +3267.6% |
| Current investments | 50/53 | €1,687,625 | €115,000 | -€1.6m | -93.2% |
| Cash at bank and in hand | 54/58 | €337,031 | €49,342 | -€287,690 | -85.4% |
| Deferred charges and accrued income | 490/1 | €1,234 | €2,999 | +€1,766 | +143.1% |
| Total equity and liabilities | 10/49 | €2,808,640 | €1,620,096 | -€1.2m | -42.3% |
| Equity | 10/15 | €1,644,340 | €1,608,942 | -€35,398 | -2.2% |
| Contributions | 10/11 | €26,029 | €26,029 | = | 0.0% |
| Reserves | 13 | €1,618,311 | €1,582,913 | -€35,398 | -2.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,618,311 | €1,582,913 | -€35,398 | -2.2% |
| Amounts payable | 17/49 | €1,164,300 | €11,154 | -€1.2m | -99.0% |
| Amounts payable after more than one year | 17 | €6,854 | €1,731 | -€5,122 | -74.7% |
| Financial debts | 170/4 | €6,854 | €1,731 | -€5,122 | -74.7% |
| Amounts payable within one year | 42/48 | €1,157,447 | €9,422 | -€1.1m | -99.2% |
| Current portion of amounts payable after more than one year | 42 | €5,016 | €5,122 | +€106 | +2.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €3,621 | €4,126 | +€505 | +13.9% |
| Suppliers | 440/4 | €3,621 | €4,126 | +€505 | +13.9% |
| Taxes, remuneration and social security | 45 | €27,263 | €174 | -€27,088 | -99.4% |
| Taxes | 450/3 | €27,263 | €174 | -€27,088 | -99.4% |
| Other amounts payable | 47/48 | €1,121,548 | €0 | -€1.1m | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,537 | €11,039 | +€502 | +4.8% |
| Other operating charges | 640/8 | €958 | €1,213 | +€255 | +26.6% |
| Gross operating margin | 9900 | -€12,455 | -€15,593 | -€3,137 | -25.2% |
| Operating profit (loss) | 9901 | -€23,951 | -€27,845 | -€3,894 | -16.3% |
| Financial income | 75/76B | €143 | €316 | +€173 | +121.5% |
| Recurring financial income | 75 | €143 | €316 | +€173 | +121.5% |
| Financial charges | 65/66B | €1,502 | €7,694 | +€6,192 | +412.2% |
| Recurring financial charges | 65 | €1,502 | €7,694 | +€6,192 | +412.2% |
| Profit (loss) for the period before taxes | 9903 | -€25,310 | -€35,223 | -€9,913 | -39.2% |
| Income taxes | 67/77 | €43 | €174 | +€132 | +307.3% |
| Profit (loss) for the period | 9904 | -€25,353 | -€35,398 | -€10,045 | -39.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,353 | -€35,398 | -€10,045 | -39.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.