OXYGEN: 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.
OXYGEN
Largest movements
- Financial fixed assets +€9.4m
new in 2025: €9.4m
- Tangible fixed assets +€336,928
up €336,928 (+22.2%), from €1.5m to €1.9m
of which Land and buildings: +€354,002
- Short-term financial debts +€8.6m
new in 2025: €8.6m
- Debts after one year +€650,000
new in 2025: €650,000
- Other debts +€623,000
up €623,000 (+1568.3%), from €39,725 to €662,725
- Gross operating margin +€60,757
up €60,757 (+205.6%), from €29,550 to €90,307
- Depreciation +€55,011
up €55,011 (+171.9%), from €31,993 to €87,004
- Financial charges +€11,797
up €11,797 (+10573.6%), from €112 to €11,908
- Financial income +€1,923
up €1,923 (+34.3%), from €5,603 to €7,527
of which Financial income: +€2,523
- Other operating charges +€1,498
up €1,498 (+111.5%), from €1,343 to €2,841
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 | €1,645,532 | €11,519,909 | +€9.9m | +600.1% |
| Fixed assets | 21/28 | €1,515,380 | €11,273,045 | +€9.8m | +643.9% |
| Tangible fixed assets | 22/27 | €1,515,380 | €1,852,308 | +€336,928 | +22.2% |
| Land and buildings | 22 | €1,444,326 | €1,798,328 | +€354,002 | +24.5% |
| Plant, machinery and equipment | 23 | €1,019 | €788 | -€231 | -22.7% |
| Furniture and vehicles | 24 | €70,034 | €53,192 | -€16,843 | -24.0% |
| Financial fixed assets | 28 | - | €9,420,737 | +€9.4m | |
| Current assets | 29/58 | €130,152 | €246,864 | +€116,712 | +89.7% |
| Amounts receivable after more than one year | 29 | €94,469 | €112,002 | +€17,533 | +18.6% |
| Other amounts receivable | 291 | €94,469 | €112,002 | +€17,533 | +18.6% |
| Amounts receivable within one year | 40/41 | €16,137 | €72,323 | +€56,186 | +348.2% |
| Trade receivables | 40 | €14,036 | €45,581 | +€31,545 | +224.7% |
| Other amounts receivable | 41 | €2,101 | €26,742 | +€24,641 | +1173.0% |
| Cash at bank and in hand | 54/58 | €6,720 | €53,382 | +€46,662 | +694.3% |
| Deferred charges and accrued income | 490/1 | €12,826 | €9,156 | -€3,670 | -28.6% |
| Total equity and liabilities | 10/49 | €1,645,532 | €11,519,909 | +€9.9m | +600.1% |
| Equity | 10/15 | €1,553,833 | €1,549,339 | -€4,494 | -0.3% |
| Contributions | 10/11 | €1,379,200 | €1,379,200 | = | 0.0% |
| Reserves | 13 | €203,147 | €203,147 | = | 0.0% |
| Distributable reserves | 133 | €203,147 | €203,147 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,515 | -€33,008 | -€4,494 | -15.8% |
| Amounts payable | 17/49 | €91,699 | €9,970,570 | +€9.9m | +10773.1% |
| Amounts payable after more than one year | 17 | - | €650,000 | +€650,000 | |
| Financial debts | 170/4 | - | €650,000 | +€650,000 | |
| Amounts payable within one year | 42/48 | €91,699 | €9,308,812 | +€9.2m | +10051.5% |
| Financial debts | 43 | - | €8,550,737 | +€8.6m | |
| Credit institutions | 430/8 | - | €8,550,737 | +€8.6m | |
| Trade debts | 44 | €47,285 | €92,396 | +€45,111 | +95.4% |
| Suppliers | 440/4 | €47,285 | €92,396 | +€45,111 | +95.4% |
| Taxes, remuneration and social security | 45 | €4,689 | €2,953 | -€1,735 | -37.0% |
| Taxes | 450/3 | €4,689 | €2,953 | -€1,735 | -37.0% |
| Other amounts payable | 47/48 | €39,725 | €662,725 | +€623,000 | +1568.3% |
| Accrued charges and deferred income | 492/3 | - | €11,758 | +€11,758 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,993 | €87,004 | +€55,011 | +171.9% |
| Other operating charges | 640/8 | €1,343 | €2,841 | +€1,498 | +111.5% |
| Gross operating margin | 9900 | €29,550 | €90,307 | +€60,757 | +205.6% |
| Operating profit (loss) | 9901 | -€3,786 | €462 | +€4,248 | |
| Financial income | 75/76B | €5,603 | €7,527 | +€1,923 | +34.3% |
| Recurring financial income | 75 | €3,603 | €6,127 | +€2,523 | +70.0% |
| Non-recurring financial income | 76B | €2,000 | €1,400 | -€600 | -30.0% |
| Financial charges | 65/66B | €112 | €11,908 | +€11,797 | +10573.6% |
| Recurring financial charges | 65 | €112 | €11,908 | +€11,797 | +10573.6% |
| Profit (loss) for the period before taxes | 9903 | €1,706 | -€3,919 | -€5,625 | |
| Income taxes | 67/77 | €399 | €574 | +€175 | +43.9% |
| Profit (loss) for the period | 9904 | €1,307 | -€4,494 | -€5,800 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,307 | -€4,494 | -€5,800 |
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 7 October 2026 via checked.be.