ôspa: 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.
ôspa
Largest movements
- Tangible fixed assets -€92,155
down €92,155 (-6.2%), from €1.5m to €1.4m
of which Plant, machinery and equipment: -€64,770
- Receivables within one year -€28,947
down €28,947 (-91.1%), from €31,786 to €2,838
- Profit (loss) carried forward -€185,654
down €185,654 (-58.9%), from -€314,993 to -€500,647
- Debts after one year -€156,821
down €156,821 (-10.9%), from €1.4m to €1.3m
- Other debts +€147,832
new in 2025: €147,832
- Current portion of long-term debt +€72,788
up €72,788 (+198.0%), from €36,757 to €109,545
- Trade debts +€23,424
up €23,424 (+37.5%), from €62,382 to €85,805
- Write-downs +€25,676
new in 2025: €25,676
- Gross operating margin -€19,900
down €19,900 (-17327.1%), from -€115 to -€20,015
- Staff costs -€16,238
down €16,238, from €16,059 to -€179
- Financial charges +€1,260
up €1,260 (+3.2%), from €39,726 to €40,985
- Other operating charges -€901
down €901 (-14.9%), from €6,040 to €5,139
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 | €1,511,799 | €1,407,199 | -€104,601 | -6.9% |
| Fixed assets | 21/28 | €1,476,302 | €1,384,147 | -€92,155 | -6.2% |
| Tangible fixed assets | 22/27 | €1,476,097 | €1,383,942 | -€92,155 | -6.2% |
| Land and buildings | 22 | €904,515 | €877,311 | -€27,204 | -3.0% |
| Plant, machinery and equipment | 23 | €571,402 | €506,632 | -€64,770 | -11.3% |
| Furniture and vehicles | 24 | €181 | - | -€181 | |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €35,498 | €23,052 | -€12,446 | -35.1% |
| Amounts receivable within one year | 40/41 | €31,786 | €2,838 | -€28,947 | -91.1% |
| Other amounts receivable | 41 | €31,786 | €2,838 | -€28,947 | -91.1% |
| Cash at bank and in hand | 54/58 | - | €13,022 | +€13,022 | |
| Deferred charges and accrued income | 490/1 | €3,712 | €7,191 | +€3,479 | +93.7% |
| Total equity and liabilities | 10/49 | €1,511,799 | €1,407,199 | -€104,601 | -6.9% |
| Equity | 10/15 | -€54,993 | -€240,647 | -€185,654 | -337.6% |
| Contributions | 10/11 | €260,000 | €260,000 | = | 0.0% |
| Capital | 10 | €260,000 | €260,000 | = | 0.0% |
| Issued capital | 100 | €260,000 | €260,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€314,993 | -€500,647 | -€185,654 | -58.9% |
| Amounts payable | 17/49 | €1,566,793 | €1,647,846 | +€81,053 | +5.2% |
| Amounts payable after more than one year | 17 | €1,441,611 | €1,284,790 | -€156,821 | -10.9% |
| Financial debts | 170/4 | €1,441,611 | €1,284,790 | -€156,821 | -10.9% |
| Amounts payable within one year | 42/48 | €114,878 | €347,521 | +€232,644 | +202.5% |
| Current portion of amounts payable after more than one year | 42 | €36,757 | €109,545 | +€72,788 | +198.0% |
| Financial debts | 43 | €9,591 | - | -€9,591 | |
| Credit institutions | 430/8 | €9,591 | - | -€9,591 | |
| Trade debts | 44 | €62,382 | €85,805 | +€23,424 | +37.5% |
| Suppliers | 440/4 | €62,382 | €85,805 | +€23,424 | +37.5% |
| Taxes, remuneration and social security | 45 | €6,148 | €4,339 | -€1,810 | -29.4% |
| Taxes | 450/3 | €2,311 | €4,339 | +€2,028 | +87.8% |
| Remuneration and social security | 454/9 | €3,838 | - | -€3,838 | |
| Other amounts payable | 47/48 | - | €147,832 | +€147,832 | |
| Accrued charges and deferred income | 492/3 | €10,305 | €15,534 | +€5,230 | +50.7% |
| Remuneration, social security and pensions | 62 | €16,059 | -€179 | -€16,238 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,408 | €92,155 | +€747 | +0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €25,676 | +€25,676 | |
| Other operating charges | 640/8 | €6,040 | €5,139 | -€901 | -14.9% |
| Non-recurring operating charges | 66A | €0 | €1,863 | +€1,862 | +1034683.3% |
| Gross operating margin | 9900 | -€115 | -€20,015 | -€19,900 | -17327.1% |
| Operating profit (loss) | 9901 | -€113,622 | -€144,668 | -€31,046 | -27.3% |
| Financial income | 75/76B | €535 | - | -€535 | |
| Recurring financial income | 75 | €535 | - | -€535 | |
| Financial charges | 65/66B | €39,726 | €40,985 | +€1,260 | +3.2% |
| Recurring financial charges | 65 | €39,726 | €40,985 | +€1,260 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | -€152,813 | -€185,654 | -€32,841 | -21.5% |
| Profit (loss) for the period | 9904 | -€152,813 | -€185,654 | -€32,841 | -21.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€152,813 | -€185,654 | -€32,841 | -21.5% |
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 1 October 2026 via checked.be.