OSMIUM 76: 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.
What changed
OSMIUM 76
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€102,257
2024 · -€428,834+€531,090
Equity
€15.0m
2024 · €14.9m+€102,257
Cash
€184,908
2024 · €3.5m-€3.3m
Balance sheet total
€19.3m
2024 · €19.6m-€296,926
Largest movements
Assets
- Cash -€3.3m
down €3.3m (-94.7%), from €3.5m to €184,908
mainly Current investments (-€2.3m) and Investment in fixed assets (net) (-€1.6m)
- Current investments +€2.3m
new in 2025: €2.3m
- Tangible fixed assets +€1.1m
up €1.1m (+10.2%), from €10.5m to €11.6m
of which Land and buildings: +€3.0m
- Stocks and contracts -€315,315
down €315,315 (-32.0%), from €986,837 to €671,522
Equity and liabilities
- Debts after one year -€343,606
down €343,606 (-15.6%), from €2.2m to €1.9m
Income statement
- Financial charges -€364,507
down €364,507 (-71.5%), from €509,555 to €145,048
- Gross operating margin +€96,214
up €96,214 (+15.6%), from €618,576 to €714,790
- Financial income +€80,313
up €80,313 (+309%), from €25,970 to €106,283
- Depreciation +€53,439
up €53,439 (+11.3%), from €471,509 to €524,949
- Other operating charges +€18,991
up €18,991 (+41.8%), from €45,427 to €64,418
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.
Result 2024
-€428,834
Gross operating margin
+€96,214
Depreciation
-€53,439
Other operating charges
-€18,991
Financial income
+€80,313
Financial charges
+€364,507
Taxes
+€9,716
Deferred taxes and other
+€52,770
Result 2025
€102,257
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€900,157
Investment
-€3.8m
Financing
-€342,005
Cash 2024
€3.5m
From operations (derived)
+€900,157
Net result for the year
+€102,257
Depreciation
+€524,949
Stocks and contracts
+€315,315
Receivables within one year
+€23,651
Deferred charges and accrued income
-€8,837
Provisions
-€15,598
Trade debts
+€11,281
Other debts
-€52,860
Investment (derived)
-€3.8m
Investment in fixed assets (net)
-€1.6m
Current investments
-€2.3m
Financing
-€342,005
Debts after one year
-€343,606
Current portion of long-term debt
+€1,601
Cash 2025
€184,908
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,591,274 | €19,294,348 | -€296,926 | -1.5% |
| Fixed assets | 21/28 | €15,003,071 | €16,069,249 | +€1.1m | +7.1% |
| Tangible fixed assets | 22/27 | €10,493,659 | €11,559,837 | +€1.1m | +10.2% |
| Land and buildings | 22 | €7,016,341 | €9,997,455 | +€3.0m | +42.5% |
| Plant, machinery and equipment | 23 | €98,976 | €217,450 | +€118,475 | +120% |
| Furniture and vehicles | 24 | €173,707 | €95,360 | -€78,346 | -45.1% |
| Other tangible fixed assets | 26 | €1,249,571 | €1,249,571 | = | 0.0% |
| Assets under construction and advance payments | 27 | €1,955,064 | €0 | -€2.0m | -100% |
| Financial fixed assets | 28 | €4,509,412 | €4,509,412 | = | 0.0% |
| Current assets | 29/58 | €4,588,203 | €3,225,099 | -€1.4m | -29.7% |
| Stocks and contracts in progress | 3 | €986,837 | €671,522 | -€315,315 | -32.0% |
| Stocks | 30/36 | €986,837 | €671,522 | -€315,315 | -32.0% |
| Amounts receivable within one year | 40/41 | €117,698 | €94,047 | -€23,651 | -20.1% |
| Trade receivables | 40 | €35,977 | €35,692 | -€284 | -0.8% |
| Other amounts receivable | 41 | €81,722 | €58,354 | -€23,367 | -28.6% |
| Current investments | 50/53 | - | €2,258,866 | +€2.3m | |
| Cash at bank and in hand | 54/58 | €3,476,749 | €184,908 | -€3.3m | -94.7% |
| Deferred charges and accrued income | 490/1 | €6,919 | €15,755 | +€8,837 | +128% |
| Total equity and liabilities | 10/49 | €19,591,274 | €19,294,348 | -€296,926 | -1.5% |
| Equity | 10/15 | €14,946,086 | €15,048,343 | +€102,257 | +0.7% |
| Contributions | 10/11 | €11,894,869 | €11,894,869 | = | 0.0% |
| Capital | 10 | €8,579,853 | €8,579,853 | = | 0.0% |
| Issued capital | 100 | €8,579,853 | €8,579,853 | = | 0.0% |
| Contributions outside capital | 11 | €3,315,016 | €3,315,016 | = | 0.0% |
| Share premium | 1100/10 | €3,315,016 | €3,315,016 | = | 0.0% |
| Reserves | 13 | €3,051,218 | €3,153,474 | +€102,257 | +3.4% |
| Non-distributable reserves | 130/1 | €96,356 | €103,808 | +€7,453 | +7.7% |
| Legal reserve | 130 | €96,356 | €103,808 | +€7,453 | +7.7% |
| Tax-exempt reserves | 132 | €1,160,951 | €1,114,156 | -€46,795 | -4.0% |
| Distributable reserves | 133 | €1,793,911 | €1,935,509 | +€141,599 | +7.9% |
| Provisions and deferred taxes | 16 | €367,868 | €352,270 | -€15,598 | -4.2% |
| Deferred taxes | 168 | €367,868 | €352,270 | -€15,598 | -4.2% |
| Amounts payable | 17/49 | €4,277,319 | €3,893,735 | -€383,584 | -9.0% |
| Amounts payable after more than one year | 17 | €2,203,279 | €1,859,673 | -€343,606 | -15.6% |
| Financial debts | 170/4 | €2,203,279 | €1,859,673 | -€343,606 | -15.6% |
| Amounts payable within one year | 42/48 | €2,074,040 | €2,034,062 | -€39,978 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €341,972 | €343,573 | +€1,601 | +0.5% |
| Trade debts | 44 | €72,007 | €83,288 | +€11,281 | +15.7% |
| Suppliers | 440/4 | €72,007 | €83,288 | +€11,281 | +15.7% |
| Other amounts payable | 47/48 | €1,660,061 | €1,607,201 | -€52,860 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €471,509 | €524,949 | +€53,439 | +11.3% |
| Other operating charges | 640/8 | €45,427 | €64,418 | +€18,991 | +41.8% |
| Gross operating margin | 9900 | €618,576 | €714,790 | +€96,214 | +15.6% |
| Operating profit (loss) | 9901 | €101,640 | €125,423 | +€23,783 | +23.4% |
| Financial income | 75/76B | €25,970 | €106,283 | +€80,313 | +309% |
| Recurring financial income | 75 | €25,970 | €106,283 | +€80,313 | +309% |
| Financial charges | 65/66B | €509,555 | €145,048 | -€364,507 | -71.5% |
| Recurring financial charges | 65 | €509,555 | €145,048 | -€364,507 | -71.5% |
| Profit (loss) for the period before taxes | 9903 | -€381,946 | €86,658 | +€468,604 | |
| Transfer from deferred taxes | 780 | €8,791 | €15,598 | +€6,807 | +77.4% |
| Transfer to deferred taxes | 680 | €45,963 | €0 | -€45,963 | -100% |
| Income taxes | 67/77 | €9,716 | €0 | -€9,716 | -100% |
| Profit (loss) for the period | 9904 | -€428,834 | €102,257 | +€531,090 | |
| Transfer from tax-exempt reserves | 789 | €26,374 | €46,795 | +€20,420 | +77.4% |
| Transfer to tax-exempt reserves | 689 | €137,890 | €0 | -€137,890 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | -€540,349 | €149,051 | +€689,400 |
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 21 October 2026 via checked.be.