OXEN: 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.
OXEN
Largest movements
- Current investments -€220,000
down €220,000 (-91.7%), from €240,000 to €20,000
- Financial fixed assets +€68,571
up €68,571 (+57.8%), from €118,650 to €187,221
- Reserves -€110,135
down €110,135 (-53.8%), from €204,872 to €94,737
- Tax, wage and social debts -€14,705
no longer reported in 2025 (was €14,705)
- Debts after one year -€14,285
down €14,285 (-20.3%), from €70,485 to €56,200
of which Financial debts: -€14,285
- Other debts -€12,163
down €12,163 (-15.0%), from €81,000 to €68,837
- Taxes -€17,346
down €17,346 (-56.5%), from €30,678 to €13,332
- Financial income +€7,772
up €7,772 (+32.2%), from €24,133 to €31,905
- Gross operating margin -€4,637
down €4,637 (-5.9%), from €79,027 to €74,390
- Depreciation -€4,229
down €4,229 (-38.2%), from €11,068 to €6,839
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
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 | €390,867 | €239,744 | -€151,123 | -38.7% |
| Fixed assets | 21/28 | €130,758 | €197,070 | +€66,312 | +50.7% |
| Tangible fixed assets | 22/27 | €12,108 | €9,849 | -€2,259 | -18.7% |
| Furniture and vehicles | 24 | €12,108 | €9,849 | -€2,259 | -18.7% |
| Financial fixed assets | 28 | €118,650 | €187,221 | +€68,571 | +57.8% |
| Current assets | 29/58 | €260,109 | €42,674 | -€217,435 | -83.6% |
| Current investments | 50/53 | €240,000 | €20,000 | -€220,000 | -91.7% |
| Cash at bank and in hand | 54/58 | €19,323 | €21,858 | +€2,535 | +13.1% |
| Deferred charges and accrued income | 490/1 | €786 | €816 | +€30 | +3.8% |
| Total equity and liabilities | 10/49 | €390,867 | €239,744 | -€151,123 | -38.7% |
| Equity | 10/15 | €209,872 | €99,737 | -€110,135 | -52.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €204,872 | €94,737 | -€110,135 | -53.8% |
| Distributable reserves | 133 | €204,872 | €94,737 | -€110,135 | -53.8% |
| Amounts payable | 17/49 | €180,995 | €140,007 | -€40,988 | -22.6% |
| Amounts payable after more than one year | 17 | €70,485 | €56,200 | -€14,285 | -20.3% |
| Financial debts | 170/4 | €57,485 | €43,200 | -€14,285 | -24.8% |
| Other amounts payable | 178/9 | €13,000 | €13,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €110,100 | €83,122 | -€26,978 | -24.5% |
| Current portion of amounts payable after more than one year | 42 | €14,228 | €14,285 | +€57 | +0.4% |
| Trade debts | 44 | €167 | - | -€167 | |
| Suppliers | 440/4 | €167 | - | -€167 | |
| Taxes, remuneration and social security | 45 | €14,705 | - | -€14,705 | |
| Taxes | 450/3 | €14,705 | - | -€14,705 | |
| Other amounts payable | 47/48 | €81,000 | €68,837 | -€12,163 | -15.0% |
| Accrued charges and deferred income | 492/3 | €410 | €685 | +€275 | +67.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,068 | €6,839 | -€4,229 | -38.2% |
| Other operating charges | 640/8 | €274 | €824 | +€550 | +201% |
| Gross operating margin | 9900 | €79,027 | €74,390 | -€4,637 | -5.9% |
| Operating profit (loss) | 9901 | €67,685 | €66,727 | -€958 | -1.4% |
| Financial income | 75/76B | €24,133 | €31,905 | +€7,772 | +32.2% |
| Recurring financial income | 75 | €24,133 | €31,905 | +€7,772 | +32.2% |
| Financial charges | 65/66B | €5,743 | €6,463 | +€720 | +12.5% |
| Recurring financial charges | 65 | €5,743 | €6,463 | +€720 | +12.5% |
| Profit (loss) for the period before taxes | 9903 | €86,075 | €92,169 | +€6,094 | +7.1% |
| Income taxes | 67/77 | €30,678 | €13,332 | -€17,346 | -56.5% |
| Profit (loss) for the period | 9904 | €55,397 | €78,837 | +€23,440 | +42.3% |
| Profit (loss) for the period to be appropriated | 9905 | €55,397 | €78,837 | +€23,440 | +42.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.