OZAN MULO: 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.
OZAN MULO
Largest movements
- Receivables within one year -€3,752
down €3,752 (-29.4%), from €12,767 to €9,015
of which Trade receivables: -€3,299
- Deferred charges and accrued income -€1,524
down €1,524 (-100.0%), from €1,524 to €0
- Tangible fixed assets -€970
down €970 (-12.9%), from €7,512 to €6,541
of which Furniture and vehicles: -€501
- Trade debts -€6,369
down €6,369 (-30.8%), from €20,691 to €14,322
- Other debts -€3,240
down €3,240 (-21.5%), from €15,075 to €11,835
- Advances received +€1,487
new in 2025: €1,487
- Profit (loss) carried forward +€1,398
up €1,398 (+6.7%), from -€20,882 to -€19,484
- Tax, wage and social debts +€700
up €700 (+14.9%), from €4,700 to €5,400
of which Remuneration and social security: +€700
- Gross operating margin -€4,070
down €4,070 (-39.6%), from €10,278 to €6,208
- Depreciation -€2,606
down €2,606 (-72.9%), from €3,577 to €970
- Other operating charges -€2,505
down €2,505 (-48.4%), from €5,178 to €2,673
- Financial charges +€437
up €437 (+60.0%), from €729 to €1,167
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 | €27,641 | €21,617 | -€6,024 | -21.8% |
| Fixed assets | 21/28 | €11,012 | €10,041 | -€970 | -8.8% |
| Tangible fixed assets | 22/27 | €7,512 | €6,541 | -€970 | -12.9% |
| Furniture and vehicles | 24 | €922 | €420 | -€501 | -54.4% |
| Other tangible fixed assets | 26 | €6,590 | €6,121 | -€469 | -7.1% |
| Financial fixed assets | 28 | €3,500 | €3,500 | = | 0.0% |
| Current assets | 29/58 | €16,630 | €11,576 | -€5,054 | -30.4% |
| Stocks and contracts in progress | 3 | €500 | €500 | = | 0.0% |
| Stocks | 30/36 | €500 | €500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,767 | €9,015 | -€3,752 | -29.4% |
| Trade receivables | 40 | €11,086 | €7,787 | -€3,299 | -29.8% |
| Other amounts receivable | 41 | €1,681 | €1,228 | -€453 | -27.0% |
| Cash at bank and in hand | 54/58 | €1,839 | €2,061 | +€222 | +12.1% |
| Deferred charges and accrued income | 490/1 | €1,524 | €0 | -€1,524 | -100.0% |
| Total equity and liabilities | 10/49 | €27,641 | €21,617 | -€6,024 | -21.8% |
| Equity | 10/15 | -€12,824 | -€11,426 | +€1,398 | +10.9% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,882 | -€19,484 | +€1,398 | +6.7% |
| Amounts payable | 17/49 | €40,466 | €33,043 | -€7,422 | -18.3% |
| Amounts payable within one year | 42/48 | €40,466 | €33,043 | -€7,422 | -18.3% |
| Trade debts | 44 | €20,691 | €14,322 | -€6,369 | -30.8% |
| Suppliers | 440/4 | €20,691 | €14,322 | -€6,369 | -30.8% |
| Advances received on contracts in progress | 46 | - | €1,487 | +€1,487 | |
| Taxes, remuneration and social security | 45 | €4,700 | €5,400 | +€700 | +14.9% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €4,700 | €5,400 | +€700 | +14.9% |
| Other amounts payable | 47/48 | €15,075 | €11,835 | -€3,240 | -21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,577 | €970 | -€2,606 | -72.9% |
| Other operating charges | 640/8 | €5,178 | €2,673 | -€2,505 | -48.4% |
| Gross operating margin | 9900 | €10,278 | €6,208 | -€4,070 | -39.6% |
| Operating profit (loss) | 9901 | €1,523 | €2,564 | +€1,042 | +68.4% |
| Financial income | 75/76B | €63 | €0 | -€63 | -99.9% |
| Recurring financial income | 75 | €63 | €0 | -€63 | -99.9% |
| Financial charges | 65/66B | €729 | €1,167 | +€437 | +60.0% |
| Recurring financial charges | 65 | €729 | €1,167 | +€437 | +60.0% |
| Profit (loss) for the period before taxes | 9903 | €857 | €1,398 | +€541 | +63.2% |
| Profit (loss) for the period | 9904 | €857 | €1,398 | +€541 | +63.2% |
| Profit (loss) for the period to be appropriated | 9905 | €857 | €1,398 | +€541 | +63.2% |
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 2 October 2026 via checked.be.