OXE: 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.
OXE
Largest movements
- Tangible fixed assets -€109,913
down €109,913 (-13.6%), from €807,384 to €697,472
of which Furniture and vehicles: -€106,096
- Stocks and contracts -€12,176
down €12,176 (-20.7%), from €58,954 to €46,778
- Profit (loss) carried forward -€271,998
down €271,998 (-61.5%), from -€442,572 to -€714,570
- Debts after one year +€131,069
up €131,069 (+13.0%), from €1.0m to €1.1m
of which Other amounts payable: +€171,573
- Tax, wage and social debts +€18,293
up €18,293 (+101.8%), from €17,962 to €36,254
of which Remuneration and social security: +€17,478
- Gross operating margin -€131,632
down €131,632 (-62.7%), from €209,777 to €78,144
- Staff costs +€28,420
up €28,420 (+17.1%), from €166,052 to €194,472
- Financial charges -€2,676
down €2,676 (-5.6%), from €47,428 to €44,752
- Financial income +€2,546
up €2,546 (+4785.1%), from €53 to €2,599
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 | €887,482 | €759,449 | -€128,033 | -14.4% |
| Fixed assets | 21/28 | €808,817 | €698,495 | -€110,322 | -13.6% |
| Intangible fixed assets | 21 | €1,293 | €884 | -€409 | -31.6% |
| Tangible fixed assets | 22/27 | €807,384 | €697,472 | -€109,913 | -13.6% |
| Furniture and vehicles | 24 | €775,777 | €669,681 | -€106,096 | -13.7% |
| Leasing and similar rights | 25 | €31,607 | €27,791 | -€3,817 | -12.1% |
| Financial fixed assets | 28 | €140 | €140 | = | 0.0% |
| Current assets | 29/58 | €78,665 | €60,954 | -€17,711 | -22.5% |
| Stocks and contracts in progress | 3 | €58,954 | €46,778 | -€12,176 | -20.7% |
| Stocks | 30/36 | €58,954 | €46,778 | -€12,176 | -20.7% |
| Amounts receivable within one year | 40/41 | €8,682 | €4,859 | -€3,823 | -44.0% |
| Trade receivables | 40 | €8,682 | €4,859 | -€3,823 | -44.0% |
| Cash at bank and in hand | 54/58 | €6,304 | €2,331 | -€3,973 | -63.0% |
| Deferred charges and accrued income | 490/1 | €4,725 | €6,986 | +€2,261 | +47.8% |
| Total equity and liabilities | 10/49 | €887,482 | €759,449 | -€128,033 | -14.4% |
| Equity | 10/15 | -€242,572 | -€514,570 | -€271,998 | -112.1% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€442,572 | -€714,570 | -€271,998 | -61.5% |
| Amounts payable | 17/49 | €1,130,054 | €1,274,019 | +€143,965 | +12.7% |
| Amounts payable after more than one year | 17 | €1,005,018 | €1,136,087 | +€131,069 | +13.0% |
| Financial debts | 170/4 | €81,526 | €41,022 | -€40,504 | -49.7% |
| Other amounts payable | 178/9 | €923,492 | €1,095,065 | +€171,573 | +18.6% |
| Amounts payable within one year | 42/48 | €122,240 | €135,942 | +€13,702 | +11.2% |
| Current portion of amounts payable after more than one year | 42 | €39,994 | €40,504 | +€511 | +1.3% |
| Financial debts | 43 | €15,000 | €12,000 | -€3,000 | -20.0% |
| Credit institutions | 430/8 | €15,000 | €12,000 | -€3,000 | -20.0% |
| Trade debts | 44 | €33,698 | €34,009 | +€311 | +0.9% |
| Suppliers | 440/4 | €33,698 | €34,009 | +€311 | +0.9% |
| Advances received on contracts in progress | 46 | €15,587 | €13,174 | -€2,413 | -15.5% |
| Taxes, remuneration and social security | 45 | €17,962 | €36,254 | +€18,293 | +101.8% |
| Taxes | 450/3 | €2,826 | €3,641 | +€815 | +28.8% |
| Remuneration and social security | 454/9 | €15,135 | €32,613 | +€17,478 | +115.5% |
| Accrued charges and deferred income | 492/3 | €2,796 | €1,990 | -€806 | -28.8% |
| Remuneration, social security and pensions | 62 | €166,052 | €194,472 | +€28,420 | +17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111,205 | €111,561 | +€355 | +0.3% |
| Other operating charges | 640/8 | €1,566 | €1,610 | +€44 | +2.8% |
| Gross operating margin | 9900 | €209,777 | €78,144 | -€131,632 | -62.7% |
| Operating profit (loss) | 9901 | -€69,046 | -€229,498 | -€160,452 | -232.4% |
| Financial income | 75/76B | €53 | €2,599 | +€2,546 | +4785.1% |
| Recurring financial income | 75 | €53 | €2,599 | +€2,546 | +4785.1% |
| Financial charges | 65/66B | €47,428 | €44,752 | -€2,676 | -5.6% |
| Recurring financial charges | 65 | €47,428 | €44,752 | -€2,676 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | -€116,421 | -€271,650 | -€155,230 | -133.3% |
| Income taxes | 67/77 | - | €348 | +€348 | |
| Profit (loss) for the period | 9904 | -€116,421 | -€271,998 | -€155,577 | -133.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€116,421 | -€271,998 | -€155,577 | -133.6% |
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 5 October 2026 via checked.be.