Ostendis Projects: 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.
Ostendis Projects
Largest movements
- Cash -€114,448
down €114,448 (-92.6%), from €123,544 to €9,096
mainly Debts after one year (-€238,626) and Investment in fixed assets (net) (-€101,157)
- Tangible fixed assets +€71,764
up €71,764 (+26.3%), from €272,368 to €344,132
of which Furniture and vehicles: +€83,967
- Receivables within one year -€17,748
down €17,748 (-56.4%), from €31,487 to €13,739
of which Trade receivables: -€31,487
- Other debts +€295,925
up €295,925 (+360%), from €82,089 to €378,014
- Debts after one year -€238,626
no longer reported in 2025 (was €238,626)
- Profit (loss) carried forward -€84,399
down €84,399 (-10.5%), from -€805,023 to -€889,422
- Current portion of long-term debt -€24,576
no longer reported in 2025 (was €24,576)
- Trade debts -€5,495
down €5,495 (-67.4%), from €8,157 to €2,661
- Gross operating margin -€13,828
down €13,828 (-46.3%), from -€29,870 to -€43,698
- Depreciation +€12,049
up €12,049 (+69.5%), from €17,343 to €29,392
- Financial charges -€3,000
down €3,000 (-32.9%), from €9,115 to €6,115
- Other operating charges -€2,972
down €2,972 (-37.5%), from €7,920 to €4,948
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 | €431,699 | €370,801 | -€60,899 | -14.1% |
| Fixed assets | 21/28 | €273,818 | €345,582 | +€71,764 | +26.2% |
| Tangible fixed assets | 22/27 | €272,368 | €344,132 | +€71,764 | +26.3% |
| Land and buildings | 22 | €267,842 | €248,895 | -€18,947 | -7.1% |
| Plant, machinery and equipment | 23 | - | €6,744 | +€6,744 | |
| Furniture and vehicles | 24 | €4,526 | €88,493 | +€83,967 | +1,855% |
| Financial fixed assets | 28 | €1,450 | €1,450 | = | 0.0% |
| Current assets | 29/58 | €157,881 | €25,218 | -€132,663 | -84.0% |
| Amounts receivable within one year | 40/41 | €31,487 | €13,739 | -€17,748 | -56.4% |
| Trade receivables | 40 | €31,487 | - | -€31,487 | |
| Other amounts receivable | 41 | - | €13,739 | +€13,739 | |
| Cash at bank and in hand | 54/58 | €123,544 | €9,096 | -€114,448 | -92.6% |
| Deferred charges and accrued income | 490/1 | €2,851 | €2,384 | -€467 | -16.4% |
| Total equity and liabilities | 10/49 | €431,699 | €370,801 | -€60,899 | -14.1% |
| Equity | 10/15 | €74,524 | -€9,875 | -€84,399 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €860,947 | €860,947 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €823,447 | €823,447 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€805,023 | -€889,422 | -€84,399 | -10.5% |
| Amounts payable | 17/49 | €357,175 | €380,675 | +€23,500 | +6.6% |
| Amounts payable after more than one year | 17 | €238,626 | - | -€238,626 | |
| Financial debts | 170/4 | €238,626 | - | -€238,626 | |
| Amounts payable within one year | 42/48 | €118,549 | €380,675 | +€262,126 | +221% |
| Current portion of amounts payable after more than one year | 42 | €24,576 | - | -€24,576 | |
| Trade debts | 44 | €8,157 | €2,661 | -€5,495 | -67.4% |
| Suppliers | 440/4 | €8,157 | €2,661 | -€5,495 | -67.4% |
| Taxes, remuneration and social security | 45 | €3,728 | - | -€3,728 | |
| Taxes | 450/3 | €3,728 | - | -€3,728 | |
| Other amounts payable | 47/48 | €82,089 | €378,014 | +€295,925 | +360% |
| Non-recurring operating income | 76A | €5,800 | €7,500 | +€1,700 | +29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,343 | €29,392 | +€12,049 | +69.5% |
| Other operating charges | 640/8 | €7,920 | €4,948 | -€2,972 | -37.5% |
| Non-recurring operating charges | 66A | €53,829 | - | -€53,829 | |
| Gross operating margin | 9900 | -€29,870 | -€43,698 | -€13,828 | -46.3% |
| Operating profit (loss) | 9901 | -€108,963 | -€78,039 | +€30,924 | +28.4% |
| Financial income | 75/76B | - | €79 | +€79 | |
| Recurring financial income | 75 | - | €79 | +€79 | |
| Financial charges | 65/66B | €9,115 | €6,115 | -€3,000 | -32.9% |
| Recurring financial charges | 65 | €9,115 | €6,115 | -€3,000 | -32.9% |
| Profit (loss) for the period before taxes | 9903 | -€118,077 | -€84,074 | +€34,003 | +28.8% |
| Income taxes | 67/77 | €313 | €325 | +€12 | +3.7% |
| Profit (loss) for the period | 9904 | -€118,391 | -€84,399 | +€33,992 | +28.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€118,391 | -€84,399 | +€33,992 | +28.7% |
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 18 October 2026 via checked.be.