OSTEND FINANCE: 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.
OSTEND FINANCE
Largest movements
- Receivables after one year +€127,483
new in 2026: €127,483
- Receivables within one year -€117,682
down €117,682 (-61.5%), from €191,488 to €73,806
of which Other amounts receivable: -€127,068
- Cash -€61,144
down €61,144 (-55.8%), from €109,490 to €48,346
mainly Receivables after one year (-€127,483) and Investment in fixed assets (net) (-€105,363)
- Intangible fixed assets +€47,779
new in 2026: €47,779
- Tangible fixed assets +€41,082
up €41,082 (+318%), from €12,912 to €53,994
of which Furniture and vehicles: +€26,881
- Debts after one year +€34,103
up €34,103, from €0 to €34,103
- Tax, wage and social debts +€9,931
up €9,931 (+23.7%), from €41,904 to €51,834
of which Remuneration and social security: +€10,552
- Profit (loss) carried forward -€4,971
down €4,971, from €480 to -€4,491
- Current portion of long-term debt +€4,761
up €4,761 (+97.8%), from €4,866 to €9,627
- Trade debts -€4,146
down €4,146 (-12.4%), from €33,502 to €29,357
- Gross operating margin +€100,281
up €100,281 (+35.0%), from €286,614 to €386,895
- Staff costs +€95,518
up €95,518 (+35.7%), from €267,927 to €363,445
- Depreciation +€10,038
up €10,038 (+155%), from €6,464 to €16,502
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €327,252 | €366,902 | +€39,650 | +12.1% |
| Fixed assets | 21/28 | €12,912 | €101,773 | +€88,861 | +688% |
| Intangible fixed assets | 21 | - | €47,779 | +€47,779 | |
| Tangible fixed assets | 22/27 | €12,912 | €53,994 | +€41,082 | +318% |
| Plant, machinery and equipment | 23 | €1,725 | €15,926 | +€14,201 | +823% |
| Furniture and vehicles | 24 | €11,187 | €38,068 | +€26,881 | +240% |
| Current assets | 29/58 | €314,340 | €265,128 | -€49,211 | -15.7% |
| Amounts receivable after more than one year | 29 | - | €127,483 | +€127,483 | |
| Other amounts receivable | 291 | - | €127,483 | +€127,483 | |
| Amounts receivable within one year | 40/41 | €191,488 | €73,806 | -€117,682 | -61.5% |
| Trade receivables | 40 | €55,096 | €64,482 | +€9,386 | +17.0% |
| Other amounts receivable | 41 | €136,392 | €9,324 | -€127,068 | -93.2% |
| Cash at bank and in hand | 54/58 | €109,490 | €48,346 | -€61,144 | -55.8% |
| Deferred charges and accrued income | 490/1 | €13,361 | €15,494 | +€2,132 | +16.0% |
| Total equity and liabilities | 10/49 | €327,252 | €366,902 | +€39,650 | +12.1% |
| Equity | 10/15 | €246,372 | €241,401 | -€4,971 | -2.0% |
| Contributions | 10/11 | €28,592 | €28,592 | = | 0.0% |
| Reserves | 13 | €217,300 | €217,300 | = | 0.0% |
| Distributable reserves | 133 | €217,300 | €217,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €480 | -€4,491 | -€4,971 | |
| Amounts payable | 17/49 | €80,880 | €125,500 | +€44,621 | +55.2% |
| Amounts payable after more than one year | 17 | €0 | €34,103 | +€34,103 | |
| Financial debts | 170/4 | €0 | €34,103 | +€34,103 | |
| Amounts payable within one year | 42/48 | €80,880 | €91,397 | +€10,518 | +13.0% |
| Current portion of amounts payable after more than one year | 42 | €4,866 | €9,627 | +€4,761 | +97.8% |
| Trade debts | 44 | €33,502 | €29,357 | -€4,146 | -12.4% |
| Suppliers | 440/4 | €33,502 | €29,357 | -€4,146 | -12.4% |
| Taxes, remuneration and social security | 45 | €41,904 | €51,834 | +€9,931 | +23.7% |
| Taxes | 450/3 | €5,975 | €5,353 | -€622 | -10.4% |
| Remuneration and social security | 454/9 | €35,929 | €46,481 | +€10,552 | +29.4% |
| Other amounts payable | 47/48 | €607 | €579 | -€28 | -4.6% |
| Remuneration, social security and pensions | 62 | €267,927 | €363,445 | +€95,518 | +35.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,464 | €16,502 | +€10,038 | +155% |
| Other operating charges | 640/8 | €9,093 | €7,775 | -€1,318 | -14.5% |
| Non-recurring operating charges | 66A | - | €1,725 | +€1,725 | |
| Gross operating margin | 9900 | €286,614 | €386,895 | +€100,281 | +35.0% |
| Operating profit (loss) | 9901 | €3,130 | -€2,552 | -€5,682 | |
| Financial income | 75/76B | €457 | €541 | +€84 | +18.3% |
| Recurring financial income | 75 | €457 | €541 | +€84 | +18.3% |
| Financial charges | 65/66B | €341 | €1,754 | +€1,413 | +414% |
| Recurring financial charges | 65 | €341 | €1,754 | +€1,413 | +414% |
| Profit (loss) for the period before taxes | 9903 | €3,246 | -€3,765 | -€7,011 | |
| Income taxes | 67/77 | €3,464 | €1,206 | -€2,259 | -65.2% |
| Profit (loss) for the period | 9904 | -€218 | -€4,971 | -€4,753 | -2,176% |
| Profit (loss) for the period to be appropriated | 9905 | -€218 | -€4,971 | -€4,753 | -2,176% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.