OUROBOUROS: 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.
OUROBOUROS
Largest movements
- Stocks and contracts +€8,526
up €8,526 (+71.7%), from €11,888 to €20,414
- Tangible fixed assets +€8,419
up €8,419 (+16.3%), from €51,620 to €60,039
of which Plant, machinery and equipment: +€5,959
- Cash +€6,110
up €6,110 (+25.9%), from €23,549 to €29,659
mainly Trade debts (+€28,533) and Depreciation (+€16,720)
- Intangible fixed assets -€3,509
down €3,509 (-51.0%), from €6,877 to €3,367
- Deferred charges and accrued income -€2,288
no longer reported in 2025 (was €2,288)
- Trade debts +€28,533
up €28,533 (+93.1%), from €30,664 to €59,196
- Profit (loss) carried forward -€7,672
down €7,672 (-23.7%), from €32,354 to €24,682
- Current portion of long-term debt -€5,759
down €5,759 (-58.6%), from €9,824 to €4,064
- Debts after one year -€4,064
down €4,064 (-47.0%), from €8,651 to €4,587
- Contributions +€3,150
up €3,150 (+6.2%), from €50,800 to €53,950
- Staff costs +€31,215
up €31,215 (+24.6%), from €126,760 to €157,975
- Gross operating margin +€23,942
up €23,942 (+16.8%), from €142,091 to €166,033
- Financial income -€4,065
down €4,065 (-37.0%), from €11,000 to €6,935
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 | €149,158 | €167,387 | +€18,229 | +12.2% |
| Fixed assets | 21/28 | €61,497 | €66,406 | +€4,909 | +8.0% |
| Intangible fixed assets | 21 | €6,877 | €3,367 | -€3,509 | -51.0% |
| Tangible fixed assets | 22/27 | €51,620 | €60,039 | +€8,419 | +16.3% |
| Land and buildings | 22 | €11,661 | €14,121 | +€2,460 | +21.1% |
| Plant, machinery and equipment | 23 | €39,959 | €45,918 | +€5,959 | +14.9% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €87,661 | €100,980 | +€13,319 | +15.2% |
| Stocks and contracts in progress | 3 | €11,888 | €20,414 | +€8,526 | +71.7% |
| Stocks | 30/36 | €11,888 | €20,414 | +€8,526 | +71.7% |
| Amounts receivable within one year | 40/41 | €49,686 | €50,387 | +€701 | +1.4% |
| Trade receivables | 40 | €48,249 | €49,621 | +€1,372 | +2.8% |
| Other amounts receivable | 41 | €1,437 | €766 | -€672 | -46.7% |
| Current investments | 50/53 | €250 | €520 | +€270 | +108% |
| Cash at bank and in hand | 54/58 | €23,549 | €29,659 | +€6,110 | +25.9% |
| Deferred charges and accrued income | 490/1 | €2,288 | - | -€2,288 | |
| Total equity and liabilities | 10/49 | €149,158 | €167,387 | +€18,229 | +12.2% |
| Equity | 10/15 | €83,154 | €78,632 | -€4,522 | -5.4% |
| Contributions | 10/11 | €50,800 | €53,950 | +€3,150 | +6.2% |
| Profit (loss) carried forward | 14 | €32,354 | €24,682 | -€7,672 | -23.7% |
| Amounts payable | 17/49 | €66,004 | €88,755 | +€22,751 | +34.5% |
| Amounts payable after more than one year | 17 | €8,651 | €4,587 | -€4,064 | -47.0% |
| Financial debts | 170/4 | €8,651 | €4,587 | -€4,064 | -47.0% |
| Amounts payable within one year | 42/48 | €57,352 | €84,167 | +€26,815 | +46.8% |
| Current portion of amounts payable after more than one year | 42 | €9,824 | €4,064 | -€5,759 | -58.6% |
| Trade debts | 44 | €30,664 | €59,196 | +€28,533 | +93.1% |
| Suppliers | 440/4 | €30,664 | €59,196 | +€28,533 | +93.1% |
| Taxes, remuneration and social security | 45 | €16,865 | €19,930 | +€3,065 | +18.2% |
| Taxes | 450/3 | €1,950 | €3,061 | +€1,111 | +57.0% |
| Remuneration and social security | 454/9 | €14,915 | €16,869 | +€1,954 | +13.1% |
| Other amounts payable | 47/48 | - | €977 | +€977 | |
| Remuneration, social security and pensions | 62 | €126,760 | €157,975 | +€31,215 | +24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,964 | €16,720 | -€244 | -1.4% |
| Other operating charges | 640/8 | €1,780 | €738 | -€1,042 | -58.5% |
| Non-recurring operating charges | 66A | - | €4,147 | +€4,147 | |
| Gross operating margin | 9900 | €142,091 | €166,033 | +€23,942 | +16.8% |
| Operating profit (loss) | 9901 | -€3,413 | -€13,546 | -€10,134 | -297% |
| Financial income | 75/76B | €11,000 | €6,935 | -€4,065 | -37.0% |
| Recurring financial income | 75 | €11,000 | €6,935 | -€4,065 | -37.0% |
| Financial charges | 65/66B | €1,343 | €1,061 | -€282 | -21.0% |
| Recurring financial charges | 65 | €1,343 | €1,061 | -€282 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | €6,245 | -€7,672 | -€13,917 | |
| Profit (loss) for the period | 9904 | €6,245 | -€7,672 | -€13,917 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,245 | -€7,672 | -€13,917 |
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 14 October 2026 via checked.be.