OX: 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.
OX
Largest movements
- Tangible fixed assets +€1.3m
up €1.3m (+3.5%), from €35.8m to €37.0m
of which Land and buildings: +€1.2m
- Current investments -€1.0m
down €1.0m (-28.6%), from €3.5m to €2.5m
- Profit (loss) carried forward -€955,111
down €955,111 (-7.9%), from -€12.1m to -€13.1m
- Trade debts +€786,634
up €786,634 (+219.2%), from €358,944 to €1.1m
- Revaluation surpluses +€397,899
up €397,899 (+2.5%), from €16.0m to €16.4m
- Depreciation +€1.4m
up €1.4m (+178.7%), from €770,615 to €2.1m
- Gross operating margin +€50,685
up €50,685 (+40.0%), from -€126,583 to -€75,897
- Financial income +€49,177
up €49,177 (+1666.1%), from €2,952 to €52,129
- Financial charges -€15,045
down €15,045 (-96.6%), from €15,579 to €534
- Other operating charges +€7,962
up €7,962 (+32.4%), from €24,584 to €32,546
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 | €39,323,675 | €39,608,083 | +€284,408 | +0.7% |
| Fixed assets | 21/28 | €35,785,175 | €37,037,190 | +€1.3m | +3.5% |
| Tangible fixed assets | 22/27 | €35,785,175 | €37,037,190 | +€1.3m | +3.5% |
| Land and buildings | 22 | €35,582,437 | €36,824,727 | +€1.2m | +3.5% |
| Plant, machinery and equipment | 23 | €18,572 | €111,734 | +€93,162 | +501.6% |
| Furniture and vehicles | 24 | €184,167 | €100,728 | -€83,439 | -45.3% |
| Current assets | 29/58 | €3,538,499 | €2,570,894 | -€967,606 | -27.3% |
| Amounts receivable within one year | 40/41 | €671 | €16,690 | +€16,019 | +2387.2% |
| Trade receivables | 40 | - | €595 | +€595 | |
| Other amounts receivable | 41 | €671 | €16,095 | +€15,424 | +2298.6% |
| Current investments | 50/53 | €3,500,000 | €2,500,000 | -€1.0m | -28.6% |
| Cash at bank and in hand | 54/58 | €31,812 | €45,888 | +€14,076 | +44.2% |
| Deferred charges and accrued income | 490/1 | €6,016 | €8,315 | +€2,299 | +38.2% |
| Total equity and liabilities | 10/49 | €39,323,675 | €39,608,083 | +€284,408 | +0.7% |
| Equity | 10/15 | €38,923,829 | €38,366,617 | -€557,212 | -1.4% |
| Contributions | 10/11 | €35,085,004 | €35,085,004 | = | 0.0% |
| Capital | 10 | €35,085,004 | €35,085,004 | = | 0.0% |
| Issued capital | 100 | €35,085,004 | €35,085,004 | = | 0.0% |
| Revaluation surpluses | 12 | €15,958,279 | €16,356,178 | +€397,899 | +2.5% |
| Reserves | 13 | €253 | €253 | = | 0.0% |
| Tax-exempt reserves | 132 | €253 | €253 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,119,706 | -€13,074,817 | -€955,111 | -7.9% |
| Amounts payable | 17/49 | €399,846 | €1,241,466 | +€841,620 | +210.5% |
| Amounts payable within one year | 42/48 | €398,960 | €1,240,877 | +€841,917 | +211.0% |
| Trade debts | 44 | €358,944 | €1,145,578 | +€786,634 | +219.2% |
| Suppliers | 440/4 | €358,944 | €1,145,578 | +€786,634 | +219.2% |
| Taxes, remuneration and social security | 45 | €40,017 | €95,300 | +€55,283 | +138.2% |
| Taxes | 450/3 | €30,793 | €86,859 | +€56,066 | +182.1% |
| Remuneration and social security | 454/9 | €9,224 | €8,441 | -€783 | -8.5% |
| Accrued charges and deferred income | 492/3 | €886 | €589 | -€297 | -33.5% |
| Non-recurring operating income | 76A | €2,500 | - | -€2,500 | |
| Remuneration, social security and pensions | 62 | €65,028 | €57,864 | -€7,164 | -11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €770,615 | €2,147,374 | +€1.4m | +178.7% |
| Other operating charges | 640/8 | €24,584 | €32,546 | +€7,962 | +32.4% |
| Non-recurring operating charges | 66A | €31,682 | €53,535 | +€21,853 | +69.0% |
| Gross operating margin | 9900 | -€126,583 | -€75,897 | +€50,685 | +40.0% |
| Operating profit (loss) | 9901 | -€1,018,492 | -€2,367,216 | -€1.3m | -132.4% |
| Financial income | 75/76B | €2,952 | €52,129 | +€49,177 | +1666.1% |
| Recurring financial income | 75 | €2,952 | €52,129 | +€49,177 | +1666.1% |
| Financial charges | 65/66B | €15,579 | €534 | -€15,045 | -96.6% |
| Recurring financial charges | 65 | €15,579 | €534 | -€15,045 | -96.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,031,119 | -€2,315,621 | -€1.3m | -124.6% |
| Income taxes | 67/77 | €214 | €214 | -€0 | -0.1% |
| Profit (loss) for the period | 9904 | -€1,031,334 | -€2,315,835 | -€1.3m | -124.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,031,334 | -€2,315,835 | -€1.3m | -124.5% |
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 11 October 2026 via checked.be.