OSTEND DEVELOPMENT COMPANY: 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
OSTEND DEVELOPMENT COMPANY
NACE 68.121, Development of residential building projects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€978,986
2024 · €446,498+€532,488
Equity
€1.2m
2024 · €500,644+€738,986
Cash
€39,940
2024 · €188,790-€148,850
Balance sheet total
€11.7m
2024 · €13.2m-€1.5m
Largest movements
Assets
- Stocks and contracts -€1.4m
down €1.4m (-11.2%), from €12.8m to €11.3m
- Cash -€148,850
down €148,850 (-78.8%), from €188,790 to €39,940
mainly Debts after one year (-€1.9m) and Trade debts (-€578,881)
Equity and liabilities
- Debts after one year -€1.9m
down €1.9m (-16.7%), from €11.5m to €9.6m
- Profit (loss) carried forward +€738,986
up €738,986 (+171%), from €432,994 to €1.2m
- Trade debts -€578,881
down €578,881 (-59.0%), from €981,212 to €402,331
Income statement
- Gross operating margin +€644,616
up €644,616 (+100%), from €641,732 to €1.3m
- Taxes +€132,569
up €132,569 (+111%), from €118,908 to €251,476
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
€446,498
Gross operating margin
+€644,616
Depreciation
+€10,477
Other operating charges
+€1,258
Financial income
+€0
Financial charges
+€8,706
Taxes
-€132,569
Result 2025
€978,986
raises the resultlowers the result
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
+€2.0m
Investment
€0
Financing
-€2.2m
Cash 2024
€188,790
From operations (derived)
+€2.0m
Net result for the year
+€978,986
Depreciation
+€2,992
Smaller working-capital items
-€781
Stocks and contracts
+€1.4m
Receivables within one year
-€26,462
Trade debts
-€578,881
Tax, wage and social debts
+€45,790
Advances received
+€48,425
Other debts
+€120,000
Financing
-€2.2m
Debts after one year
-€1.9m
Contributions, distributions and other
-€240,000
Cash 2025
€39,940
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,200,102 | €11,651,594 | -€1.5m | -11.7% |
| Fixed assets | 21/28 | €65,461 | €62,469 | -€2,992 | -4.6% |
| Tangible fixed assets | 22/27 | €65,461 | €62,469 | -€2,992 | -4.6% |
| Leasing and similar rights | 25 | €65,461 | €62,469 | -€2,992 | -4.6% |
| Current assets | 29/58 | €13,134,641 | €11,589,125 | -€1.5m | -11.8% |
| Amounts receivable after more than one year | 29 | - | €752 | +€752 | |
| Other amounts receivable | 291 | - | €752 | +€752 | |
| Stocks and contracts in progress | 3 | €12,761,381 | €11,337,471 | -€1.4m | -11.2% |
| Stocks | 30/36 | €12,761,381 | €11,337,471 | -€1.4m | -11.2% |
| Amounts receivable within one year | 40/41 | €183,237 | €209,699 | +€26,462 | +14.4% |
| Trade receivables | 40 | €29,293 | €75,296 | +€46,003 | +157% |
| Other amounts receivable | 41 | €153,945 | €134,403 | -€19,541 | -12.7% |
| Cash at bank and in hand | 54/58 | €188,790 | €39,940 | -€148,850 | -78.8% |
| Deferred charges and accrued income | 490/1 | €1,233 | €1,263 | +€30 | +2.4% |
| Total equity and liabilities | 10/49 | €13,200,102 | €11,651,594 | -€1.5m | -11.7% |
| Equity | 10/15 | €500,644 | €1,239,630 | +€738,986 | +148% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €432,994 | €1,171,980 | +€738,986 | +171% |
| Amounts payable | 17/49 | €12,699,458 | €10,411,964 | -€2.3m | -18.0% |
| Amounts payable after more than one year | 17 | €11,504,229 | €9,581,402 | -€1.9m | -16.7% |
| Other amounts payable | 178/9 | €11,504,229 | €9,581,402 | -€1.9m | -16.7% |
| Amounts payable within one year | 42/48 | €1,195,229 | €830,562 | -€364,666 | -30.5% |
| Trade debts | 44 | €981,212 | €402,331 | -€578,881 | -59.0% |
| Suppliers | 440/4 | €981,212 | €402,331 | -€578,881 | -59.0% |
| Advances received on contracts in progress | 46 | €85,830 | €134,255 | +€48,425 | +56.4% |
| Taxes, remuneration and social security | 45 | €5,686 | €51,476 | +€45,790 | +805% |
| Taxes | 450/3 | €5,686 | €51,476 | +€45,790 | +805% |
| Other amounts payable | 47/48 | €122,500 | €242,500 | +€120,000 | +98.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,469 | €2,992 | -€10,477 | -77.8% |
| Other operating charges | 640/8 | €2,293 | €1,035 | -€1,258 | -54.8% |
| Gross operating margin | 9900 | €641,732 | €1,286,348 | +€644,616 | +100% |
| Operating profit (loss) | 9901 | €625,970 | €1,282,321 | +€656,351 | +105% |
| Financial income | 75/76B | €0 | €0 | +€0 | +100% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +100% |
| Financial charges | 65/66B | €60,564 | €51,859 | -€8,706 | -14.4% |
| Recurring financial charges | 65 | €60,564 | €51,859 | -€8,706 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €565,406 | €1,230,462 | +€665,056 | +118% |
| Income taxes | 67/77 | €118,908 | €251,476 | +€132,569 | +111% |
| Profit (loss) for the period | 9904 | €446,498 | €978,986 | +€532,488 | +119% |
| Profit (loss) for the period to be appropriated | 9905 | €446,498 | €978,986 | +€532,488 | +119% |
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 16 October 2026 via checked.be.