OUT-CO: 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.
OUT-CO
Largest movements
- Tangible fixed assets -€42,084
down €42,084 (-9.3%), from €451,793 to €409,709
of which Land and buildings: -€37,989
- Receivables within one year +€9,942
up €9,942 (+8.5%), from €116,422 to €126,364
of which Trade receivables: +€8,214
- Other debts +€48,736
up €48,736 (+119%), from €41,026 to €89,762
- Advances received -€42,350
no longer reported in 2025 (was €42,350)
- Debts after one year -€34,566
down €34,566 (-8.6%), from €403,611 to €369,045
- Gross operating margin -€7,687
down €7,687 (-9.3%), from €82,493 to €74,805
- Financial charges -€4,047
down €4,047 (-21.4%), from €18,948 to €14,901
- Depreciation +€1,219
up €1,219 (+2.3%), from €53,144 to €54,363
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €569,551 | €538,131 | -€31,420 | -5.5% |
| Fixed assets | 21/28 | €451,793 | €409,709 | -€42,084 | -9.3% |
| Tangible fixed assets | 22/27 | €451,793 | €409,709 | -€42,084 | -9.3% |
| Land and buildings | 22 | €434,226 | €396,238 | -€37,989 | -8.7% |
| Furniture and vehicles | 24 | €17,567 | €13,472 | -€4,095 | -23.3% |
| Current assets | 29/58 | €117,758 | €128,421 | +€10,663 | +9.1% |
| Amounts receivable within one year | 40/41 | €116,422 | €126,364 | +€9,942 | +8.5% |
| Trade receivables | 40 | €114,339 | €122,554 | +€8,214 | +7.2% |
| Other amounts receivable | 41 | €2,083 | €3,810 | +€1,728 | +82.9% |
| Deferred charges and accrued income | 490/1 | €1,336 | €2,057 | +€721 | +54.0% |
| Total equity and liabilities | 10/49 | €569,551 | €538,131 | -€31,420 | -5.5% |
| Equity | 10/15 | €15,203 | €16,350 | +€1,146 | +7.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €34,620 | €34,620 | = | 0.0% |
| Distributable reserves | 133 | €34,620 | €34,620 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,617 | -€24,471 | +€1,146 | +4.5% |
| Amounts payable | 17/49 | €554,348 | €521,781 | -€32,567 | -5.9% |
| Amounts payable after more than one year | 17 | €403,611 | €369,045 | -€34,566 | -8.6% |
| Financial debts | 170/4 | €403,611 | €369,045 | -€34,566 | -8.6% |
| Amounts payable within one year | 42/48 | €142,761 | €150,171 | +€7,410 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €33,626 | €34,566 | +€940 | +2.8% |
| Financial debts | 43 | €1,700 | €1,786 | +€85 | +5.0% |
| Credit institutions | 430/8 | €1,700 | €1,786 | +€85 | +5.0% |
| Trade debts | 44 | €13,938 | €10,782 | -€3,156 | -22.6% |
| Suppliers | 440/4 | €13,938 | €10,782 | -€3,156 | -22.6% |
| Advances received on contracts in progress | 46 | €42,350 | - | -€42,350 | |
| Taxes, remuneration and social security | 45 | €10,121 | €13,276 | +€3,155 | +31.2% |
| Taxes | 450/3 | €10,121 | €13,276 | +€3,155 | +31.2% |
| Other amounts payable | 47/48 | €41,026 | €89,762 | +€48,736 | +119% |
| Accrued charges and deferred income | 492/3 | €7,976 | €2,565 | -€5,411 | -67.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,144 | €54,363 | +€1,219 | +2.3% |
| Other operating charges | 640/8 | €3,562 | €4,059 | +€497 | +14.0% |
| Gross operating margin | 9900 | €82,493 | €74,805 | -€7,687 | -9.3% |
| Operating profit (loss) | 9901 | €25,786 | €16,383 | -€9,403 | -36.5% |
| Financial income | 75/76B | - | €63 | +€63 | |
| Recurring financial income | 75 | - | €63 | +€63 | |
| Financial charges | 65/66B | €18,948 | €14,901 | -€4,047 | -21.4% |
| Recurring financial charges | 65 | €18,948 | €14,901 | -€4,047 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €6,839 | €1,546 | -€5,293 | -77.4% |
| Income taxes | 67/77 | €417 | €399 | -€18 | -4.3% |
| Profit (loss) for the period | 9904 | €6,421 | €1,146 | -€5,275 | -82.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,421 | €1,146 | -€5,275 | -82.1% |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.