OURTH'EOLE: what changed
Two fiscal 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.
OURTH'EOLE
Largest movements
- Receivables within one year +€224,942
up €224,942 (+200.2%), from €112,375 to €337,317
of which Trade receivables: +€230,420
- Tangible fixed assets -€217,620
down €217,620 (-7.3%), from €3.0m to €2.8m
of which Plant, machinery and equipment: -€217,620
- Intangible fixed assets -€65,866
down €65,866 (-8.5%), from €777,288 to €711,422
- Cash +€43,631
up €43,631 (+350.8%), from €12,439 to €56,070
mainly Depreciation (+€292,646) and Net result for the year (+€188,756)
- Debts after one year -€252,964
down €252,964 (-7.8%), from €3.2m to €3.0m
- Profit (loss) carried forward +€188,756
up €188,756 (+46.2%), from -€408,501 to -€219,746
- Other debts -€90,405
down €90,405 (-45.2%), from €199,861 to €109,456
- Tax, wage and social debts +€87,299
up €87,299 (+394.2%), from €22,144 to €109,443
- Trade debts +€41,238
up €41,238 (+53.8%), from €76,720 to €117,958
- Turnover +€388,593
up €388,593 (+104.4%), from €372,233 to €760,826
- Gross operating margin +€339,851
up €339,851 (+128.7%), from €264,019 to €603,870
- Purchases and services +€48,743
up €48,743 (+45.0%), from €108,214 to €156,956
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.
Cash bridge derived
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 | €3,906,451 | €3,891,577 | -€14,874 | -0.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €3,777,266 | €3,493,780 | -€283,486 | -7.5% |
| Intangible fixed assets | 21 | €777,288 | €711,422 | -€65,866 | -8.5% |
| Tangible fixed assets | 22/27 | €2,999,978 | €2,782,358 | -€217,620 | -7.3% |
| Plant, machinery and equipment | 23 | €2,989,804 | €2,772,185 | -€217,620 | -7.3% |
| Other tangible fixed assets | 26 | €10,174 | €10,174 | = | 0.0% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | - | €0 | = | |
| Current assets | 29/58 | €129,185 | €397,797 | +€268,612 | +207.9% |
| Amounts receivable within one year | 40/41 | €112,375 | €337,317 | +€224,942 | +200.2% |
| Trade receivables | 40 | €106,890 | €337,310 | +€230,420 | +215.6% |
| Other amounts receivable | 41 | €5,485 | €6 | -€5,479 | -99.9% |
| Cash at bank and in hand | 54/58 | €12,439 | €56,070 | +€43,631 | +350.8% |
| Deferred charges and accrued income | 490/1 | €4,371 | €4,411 | +€40 | +0.9% |
| Total equity and liabilities | 10/49 | €3,906,451 | €3,891,577 | -€14,874 | -0.4% |
| Equity | 10/15 | €53,100 | €241,855 | +€188,756 | +355.5% |
| Contributions | 10/11 | €461,601 | €461,601 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€408,501 | -€219,746 | +€188,756 | +46.2% |
| Provisions and deferred taxes | 16 | €52,434 | €82,397 | +€29,963 | +57.1% |
| Provisions for liabilities and charges | 160/5 | €52,434 | €82,397 | +€29,963 | +57.1% |
| Major repairs and maintenance | 162 | €52,434 | €82,397 | +€29,963 | +57.1% |
| Amounts payable | 17/49 | €3,800,917 | €3,567,325 | -€233,592 | -6.1% |
| Amounts payable after more than one year | 17 | €3,230,468 | €2,977,504 | -€252,964 | -7.8% |
| Financial debts | 170/4 | €3,230,468 | €2,977,504 | -€252,964 | -7.8% |
| Amounts payable within one year | 42/48 | €570,449 | €589,821 | +€19,372 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €271,724 | €252,964 | -€18,760 | -6.9% |
| Trade debts | 44 | €76,720 | €117,958 | +€41,238 | +53.8% |
| Suppliers | 440/4 | €76,720 | €117,958 | +€41,238 | +53.8% |
| Taxes, remuneration and social security | 45 | €22,144 | €109,443 | +€87,299 | +394.2% |
| Taxes | 450/3 | €22,144 | €109,443 | +€87,299 | +394.2% |
| Other amounts payable | 47/48 | €199,861 | €109,456 | -€90,405 | -45.2% |
| Turnover | 70 | €372,233 | €760,826 | +€388,593 | +104.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €108,214 | €156,956 | +€48,743 | +45.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €289,661 | €292,646 | +€2,985 | +1.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €29,963 | €29,963 | = | 0.0% |
| Other operating charges | 640/8 | €15,275 | €15,268 | -€7 | 0.0% |
| Gross operating margin | 9900 | €264,019 | €603,870 | +€339,851 | +128.7% |
| Operating profit (loss) | 9901 | -€70,880 | €265,993 | +€336,873 | |
| Financial income | 75/76B | €14 | €78 | +€65 | +478.0% |
| Recurring financial income | 75 | €14 | €78 | +€65 | +478.0% |
| Financial charges | 65/66B | €75,738 | €77,304 | +€1,566 | +2.1% |
| Recurring financial charges | 65 | €75,738 | €77,304 | +€1,566 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | -€146,604 | €188,767 | +€335,372 | |
| Income taxes | 67/77 | - | €12 | +€12 | |
| Profit (loss) for the period | 9904 | -€146,604 | €188,756 | +€335,360 | |
| Profit (loss) for the period to be appropriated | 9905 | -€146,604 | €188,756 | +€335,360 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.