Ostermann Belux: 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.
Ostermann Belux
Largest movements
- Cash +€1.4m
up €1.4m (+66.9%), from €2.0m to €3.4m
mainly Net result for the year (+€2.3m) and Other debts (+€1.0m)
- Tangible fixed assets +€1.3m
up €1.3m (+117%), from €1.1m to €2.3m
of which Land and buildings: +€1.9m
- Current investments -€1.0m
no longer reported in 2025 (was €1.0m)
- Receivables within one year +€216,673
up €216,673 (+21.2%), from €1.0m to €1.2m
of which Trade receivables: +€216,322
- Other debts +€1.0m
up €1.0m (+100%), from €1.0m to €2.0m
- Trade debts +€463,247
up €463,247 (+58.1%), from €797,688 to €1.3m
- Reserves +€260,719
up €260,719 (+8.8%), from €3.0m to €3.2m
of which Distributable reserves: +€260,719
- Tax, wage and social debts +€107,959
up €107,959 (+35.8%), from €301,653 to €409,613
of which Taxes: +€83,207
- Gross operating margin +€1.2m
up €1.2m (+40.4%), from €2.9m to €4.0m
- Taxes +€258,708
up €258,708 (+51.3%), from €503,928 to €762,636
- Staff costs +€100,864
up €100,864 (+13.8%), from €731,479 to €832,344
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 | €5,140,881 | €6,966,096 | +€1.8m | +35.5% |
| Fixed assets | 21/28 | €1,075,049 | €2,324,313 | +€1.2m | +116% |
| Intangible fixed assets | 21 | €3,703 | €2,354 | -€1,349 | -36.4% |
| Tangible fixed assets | 22/27 | €1,070,850 | €2,321,462 | +€1.3m | +117% |
| Land and buildings | 22 | €143,987 | €2,071,253 | +€1.9m | +1,339% |
| Furniture and vehicles | 24 | €63,371 | €124,231 | +€60,861 | +96.0% |
| Other tangible fixed assets | 26 | - | €125,978 | +€125,978 | |
| Assets under construction and advance payments | 27 | €863,492 | - | -€863,492 | |
| Financial fixed assets | 28 | €496 | €496 | = | 0.0% |
| Current assets | 29/58 | €4,065,832 | €4,641,783 | +€575,952 | +14.2% |
| Amounts receivable within one year | 40/41 | €1,020,021 | €1,236,694 | +€216,673 | +21.2% |
| Trade receivables | 40 | €1,010,878 | €1,227,200 | +€216,322 | +21.4% |
| Other amounts receivable | 41 | €9,143 | €9,494 | +€351 | +3.8% |
| Current investments | 50/53 | €1,000,000 | - | -€1.0m | |
| Cash at bank and in hand | 54/58 | €2,036,280 | €3,399,403 | +€1.4m | +66.9% |
| Deferred charges and accrued income | 490/1 | €9,531 | €5,687 | -€3,844 | -40.3% |
| Total equity and liabilities | 10/49 | €5,140,881 | €6,966,096 | +€1.8m | +35.5% |
| Equity | 10/15 | €3,012,648 | €3,273,367 | +€260,719 | +8.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,950,648 | €3,211,367 | +€260,719 | +8.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €2,944,448 | €3,205,167 | +€260,719 | +8.9% |
| Amounts payable | 17/49 | €2,128,233 | €3,692,729 | +€1.6m | +73.5% |
| Amounts payable within one year | 42/48 | €2,099,341 | €3,670,548 | +€1.6m | +74.8% |
| Trade debts | 44 | €797,688 | €1,260,935 | +€463,247 | +58.1% |
| Suppliers | 440/4 | €797,688 | €1,260,935 | +€463,247 | +58.1% |
| Taxes, remuneration and social security | 45 | €301,653 | €409,613 | +€107,959 | +35.8% |
| Taxes | 450/3 | €200,632 | €283,838 | +€83,207 | +41.5% |
| Remuneration and social security | 454/9 | €101,022 | €125,775 | +€24,753 | +24.5% |
| Other amounts payable | 47/48 | €1,000,000 | €2,000,000 | +€1.0m | +100% |
| Accrued charges and deferred income | 492/3 | €28,891 | €22,181 | -€6,711 | -23.2% |
| Non-recurring operating income | 76A | - | €9,502 | +€9,502 | |
| Remuneration, social security and pensions | 62 | €731,479 | €832,344 | +€100,864 | +13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,076 | €44,139 | +€63 | +0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €29,545 | €8,442 | -€21,103 | -71.4% |
| Other operating charges | 640/8 | €5,928 | €43,871 | +€37,943 | +640% |
| Non-recurring operating charges | 66A | €2,022 | €425 | -€1,597 | -79.0% |
| Gross operating margin | 9900 | €2,878,039 | €4,040,775 | +€1.2m | +40.4% |
| Operating profit (loss) | 9901 | €2,064,989 | €3,111,554 | +€1.0m | +50.7% |
| Financial income | 75/76B | €38,404 | €36,188 | -€2,216 | -5.8% |
| Recurring financial income | 75 | €38,404 | €36,188 | -€2,216 | -5.8% |
| Financial charges | 65/66B | €120,781 | €124,386 | +€3,605 | +3.0% |
| Recurring financial charges | 65 | €120,781 | €124,386 | +€3,605 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €1,982,611 | €3,023,356 | +€1.0m | +52.5% |
| Income taxes | 67/77 | €503,928 | €762,636 | +€258,708 | +51.3% |
| Profit (loss) for the period | 9904 | €1,478,684 | €2,260,719 | +€782,036 | +52.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,478,684 | €2,260,719 | +€782,036 | +52.9% |
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.