OST BELGIUM: 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.
OST BELGIUM
Largest movements
- Tangible fixed assets +€15,634
up €15,634 (+3.7%), from €421,064 to €436,699
of which Land and buildings: +€66,725
- Debts after one year +€34,572
up €34,572 (+21.3%), from €162,397 to €196,969
- Short-term financial debts -€15,525
down €15,525 (-32.2%), from €48,218 to €32,694
of which Credit institutions: -€14,226
- Trade debts -€11,514
down €11,514 (-41.4%), from €27,805 to €16,291
- Current portion of long-term debt +€10,004
up €10,004 (+18.4%), from €54,241 to €64,245
- Financial charges -€23,550
down €23,550 (-63.2%), from €37,266 to €13,716
- Gross operating margin -€15,265
down €15,265 (-12.1%), from €125,753 to €110,489
- Depreciation +€12,635
up €12,635 (+17.3%), from €72,837 to €85,472
- Taxes -€1,958
down €1,958 (-78.3%), from €2,500 to €542
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €907,586 | €926,085 | +€18,500 | +2.0% |
| Fixed assets | 21/28 | €421,064 | €436,699 | +€15,634 | +3.7% |
| Tangible fixed assets | 22/27 | €421,064 | €436,699 | +€15,634 | +3.7% |
| Land and buildings | 22 | €226,743 | €293,468 | +€66,725 | +29.4% |
| Plant, machinery and equipment | 23 | €56,007 | €41,903 | -€14,104 | -25.2% |
| Furniture and vehicles | 24 | €138,315 | €101,328 | -€36,987 | -26.7% |
| Current assets | 29/58 | €486,521 | €489,387 | +€2,865 | +0.6% |
| Stocks and contracts in progress | 3 | €465,868 | €473,525 | +€7,657 | +1.6% |
| Stocks | 30/36 | €465,868 | €473,525 | +€7,657 | +1.6% |
| Amounts receivable within one year | 40/41 | €14,397 | €7,533 | -€6,864 | -47.7% |
| Trade receivables | 40 | €5,529 | €5,575 | +€46 | +0.8% |
| Other amounts receivable | 41 | €8,868 | €1,958 | -€6,911 | -77.9% |
| Cash at bank and in hand | 54/58 | €2,354 | €2,063 | -€291 | -12.4% |
| Deferred charges and accrued income | 490/1 | €3,901 | €6,266 | +€2,364 | +60.6% |
| Total equity and liabilities | 10/49 | €907,586 | €926,085 | +€18,500 | +2.0% |
| Equity | 10/15 | €210,317 | €211,073 | +€755 | +0.4% |
| Contributions | 10/11 | €160,000 | €160,000 | = | 0.0% |
| Capital | 10 | €160,000 | €160,000 | = | 0.0% |
| Issued capital | 100 | €160,000 | €160,000 | = | 0.0% |
| Reserves | 13 | €50,317 | €51,073 | +€755 | +1.5% |
| Non-distributable reserves | 130/1 | €16,000 | €16,000 | = | 0.0% |
| Legal reserve | 130 | €16,000 | €16,000 | = | 0.0% |
| Distributable reserves | 133 | €34,317 | €35,073 | +€755 | +2.2% |
| Amounts payable | 17/49 | €697,268 | €715,013 | +€17,744 | +2.5% |
| Amounts payable after more than one year | 17 | €162,397 | €196,969 | +€34,572 | +21.3% |
| Financial debts | 170/4 | €162,397 | €196,969 | +€34,572 | +21.3% |
| Amounts payable within one year | 42/48 | €534,238 | €517,151 | -€17,087 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €54,241 | €64,245 | +€10,004 | +18.4% |
| Financial debts | 43 | €48,218 | €32,694 | -€15,525 | -32.2% |
| Credit institutions | 430/8 | €38,509 | €24,283 | -€14,226 | -36.9% |
| Other loans | 439 | €9,710 | €8,411 | -€1,299 | -13.4% |
| Trade debts | 44 | €27,805 | €16,291 | -€11,514 | -41.4% |
| Suppliers | 440/4 | €27,805 | €16,291 | -€11,514 | -41.4% |
| Taxes, remuneration and social security | 45 | €7,885 | €2,419 | -€5,466 | -69.3% |
| Taxes | 450/3 | €7,885 | €2,419 | -€5,466 | -69.3% |
| Other amounts payable | 47/48 | €396,089 | €401,502 | +€5,413 | +1.4% |
| Accrued charges and deferred income | 492/3 | €634 | €893 | +€259 | +40.9% |
| Non-recurring operating income | 76A | €6,198 | €0 | -€6,198 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,837 | €85,472 | +€12,635 | +17.3% |
| Other operating charges | 640/8 | €10,317 | €10,144 | -€173 | -1.7% |
| Gross operating margin | 9900 | €125,753 | €110,489 | -€15,265 | -12.1% |
| Operating profit (loss) | 9901 | €42,599 | €14,872 | -€27,727 | -65.1% |
| Financial income | 75/76B | €145 | €141 | -€4 | -2.9% |
| Recurring financial income | 75 | €145 | €141 | -€4 | -2.9% |
| Financial charges | 65/66B | €37,266 | €13,716 | -€23,550 | -63.2% |
| Recurring financial charges | 65 | €37,266 | €13,716 | -€23,550 | -63.2% |
| Profit (loss) for the period before taxes | 9903 | €5,478 | €1,298 | -€4,181 | -76.3% |
| Income taxes | 67/77 | €2,500 | €542 | -€1,958 | -78.3% |
| Profit (loss) for the period | 9904 | €2,978 | €755 | -€2,223 | -74.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,978 | €755 | -€2,223 | -74.6% |
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 29 October 2026 via checked.be.