Out2Send: 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.
Out2Send
Largest movements
- Cash -€709,637
down €709,637 (-91.9%), from €771,896 to €62,259
mainly Contributions, distributions and other (-€1.4m) and Trade debts (-€34,404)
- Receivables within one year -€25,081
down €25,081 (-12.5%), from €200,736 to €175,655
of which Trade receivables: -€27,345
- Tangible fixed assets -€14,531
down €14,531 (-32.8%), from €44,307 to €29,776
of which Plant, machinery and equipment: -€10,017
- Reserves -€937,769
no longer reported in 2025 (was €937,769)
- Other debts +€222,268
up €222,268 (+215815.2%), from €103 to €222,371
- Trade debts -€34,404
down €34,404 (-70.2%), from €49,027 to €14,623
- Gross operating margin +€103,526
up €103,526 (+16.7%), from €620,976 to €724,501
- Taxes +€30,576
up €30,576 (+23.4%), from €130,902 to €161,478
- Staff costs -€13,019
down €13,019 (-14.4%), from €90,520 to €77,501
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 | €1,072,689 | €321,669 | -€751,019 | -70.0% |
| Fixed assets | 21/28 | €100,057 | €83,755 | -€16,302 | -16.3% |
| Tangible fixed assets | 22/27 | €44,307 | €29,776 | -€14,531 | -32.8% |
| Plant, machinery and equipment | 23 | €34,096 | €24,079 | -€10,017 | -29.4% |
| Furniture and vehicles | 24 | €6,255 | €3,097 | -€3,158 | -50.5% |
| Other tangible fixed assets | 26 | €3,956 | €2,600 | -€1,356 | -34.3% |
| Financial fixed assets | 28 | €55,750 | €53,979 | -€1,771 | -3.2% |
| Current assets | 29/58 | €972,632 | €237,914 | -€734,718 | -75.5% |
| Amounts receivable within one year | 40/41 | €200,736 | €175,655 | -€25,081 | -12.5% |
| Trade receivables | 40 | €200,736 | €173,391 | -€27,345 | -13.6% |
| Other amounts receivable | 41 | - | €2,264 | +€2,264 | |
| Cash at bank and in hand | 54/58 | €771,896 | €62,259 | -€709,637 | -91.9% |
| Total equity and liabilities | 10/49 | €1,072,689 | €321,669 | -€751,019 | -70.0% |
| Equity | 10/15 | €974,127 | €36,358 | -€937,769 | -96.3% |
| Contributions | 10/11 | €36,358 | €36,358 | = | 0.0% |
| Reserves | 13 | €937,769 | - | -€937,769 | |
| Distributable reserves | 133 | €937,769 | - | -€937,769 | |
| Amounts payable | 17/49 | €98,562 | €285,311 | +€186,749 | +189.5% |
| Amounts payable within one year | 42/48 | €98,562 | €284,770 | +€186,208 | +188.9% |
| Trade debts | 44 | €49,027 | €14,623 | -€34,404 | -70.2% |
| Suppliers | 440/4 | €49,027 | €14,623 | -€34,404 | -70.2% |
| Taxes, remuneration and social security | 45 | €49,432 | €47,776 | -€1,656 | -3.4% |
| Taxes | 450/3 | €35,601 | €37,671 | +€2,070 | +5.8% |
| Remuneration and social security | 454/9 | €13,832 | €10,105 | -€3,726 | -26.9% |
| Other amounts payable | 47/48 | €103 | €222,371 | +€222,268 | +215815.2% |
| Accrued charges and deferred income | 492/3 | - | €541 | +€541 | |
| Remuneration, social security and pensions | 62 | €90,520 | €77,501 | -€13,019 | -14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,736 | €17,101 | -€635 | -3.6% |
| Other operating charges | 640/8 | €2,126 | €2,139 | +€13 | +0.6% |
| Non-recurring operating charges | 66A | €258 | - | -€258 | |
| Gross operating margin | 9900 | €620,976 | €724,501 | +€103,526 | +16.7% |
| Operating profit (loss) | 9901 | €510,336 | €627,761 | +€117,425 | +23.0% |
| Financial income | 75/76B | €10,751 | €16,560 | +€5,809 | +54.0% |
| Recurring financial income | 75 | €8,429 | €12,690 | +€4,261 | +50.5% |
| Non-recurring financial income | 76B | €2,322 | €3,870 | +€1,549 | +66.7% |
| Financial charges | 65/66B | €54 | €611 | +€557 | +1027.5% |
| Recurring financial charges | 65 | €54 | €611 | +€557 | +1027.5% |
| Profit (loss) for the period before taxes | 9903 | €521,032 | €643,710 | +€122,677 | +23.5% |
| Income taxes | 67/77 | €130,902 | €161,478 | +€30,576 | +23.4% |
| Profit (loss) for the period | 9904 | €390,131 | €482,232 | +€92,101 | +23.6% |
| Profit (loss) for the period to be appropriated | 9905 | €390,131 | €482,232 | +€92,101 | +23.6% |
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 10 October 2026 via checked.be.