REV&OSE: 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.
REV&OSE
Largest movements
- Tangible fixed assets +€83,263
up €83,263 (+70.8%), from €117,651 to €200,914
of which Land and buildings: +€81,494
- Cash +€33,297
up €33,297 (+60.6%), from €54,934 to €88,231
mainly Debts after one year (+€159,291) and Net result for the year (+€44,771)
- Receivables within one year +€22,547
up €22,547 (+325%), from €6,948 to €29,495
of which Trade receivables: +€27,830
- Intangible fixed assets -€12,996
down €12,996 (-32.8%), from €39,653 to €26,658
- Stocks and contracts +€10,492
up €10,492 (+8.8%), from €119,582 to €130,074
- Debts after one year +€159,291
new in 2025: €159,291
- Reserves +€44,771
up €44,771 (+43.3%), from €103,515 to €148,286
- Trade debts -€42,395
down €42,395 (-81.0%), from €52,325 to €9,931
- Tax, wage and social debts -€26,504
down €26,504 (-45.5%), from €58,307 to €31,803
of which Taxes: -€32,612
- Short-term financial debts +€9,535
new in 2025: €9,535
- Gross operating margin -€56,800
down €56,800 (-28.3%), from €200,456 to €143,657
- Taxes -€23,952
down €23,952 (-61.5%), from €38,940 to €14,988
- Staff costs +€15,565
up €15,565 (+42.4%), from €36,682 to €52,247
- Financial charges +€7,227
up €7,227 (+1,138%), from €635 to €7,862
of which Financial charges: +€3,843
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 | €339,143 | €475,820 | +€136,677 | +40.3% |
| Fixed assets | 21/28 | €157,304 | €227,571 | +€70,267 | +44.7% |
| Intangible fixed assets | 21 | €39,653 | €26,658 | -€12,996 | -32.8% |
| Tangible fixed assets | 22/27 | €117,651 | €200,914 | +€83,263 | +70.8% |
| Land and buildings | 22 | €115,374 | €196,868 | +€81,494 | +70.6% |
| Plant, machinery and equipment | 23 | €1,388 | €3,612 | +€2,224 | +160% |
| Furniture and vehicles | 24 | €889 | €433 | -€455 | -51.2% |
| Current assets | 29/58 | €181,839 | €248,249 | +€66,410 | +36.5% |
| Stocks and contracts in progress | 3 | €119,582 | €130,074 | +€10,492 | +8.8% |
| Stocks | 30/36 | €119,582 | €130,074 | +€10,492 | +8.8% |
| Amounts receivable within one year | 40/41 | €6,948 | €29,495 | +€22,547 | +325% |
| Trade receivables | 40 | €797 | €28,627 | +€27,830 | +3,492% |
| Other amounts receivable | 41 | €6,151 | €868 | -€5,282 | -85.9% |
| Cash at bank and in hand | 54/58 | €54,934 | €88,231 | +€33,297 | +60.6% |
| Deferred charges and accrued income | 490/1 | €375 | €449 | +€74 | +19.7% |
| Total equity and liabilities | 10/49 | €339,143 | €475,820 | +€136,677 | +40.3% |
| Equity | 10/15 | €108,515 | €153,286 | +€44,771 | +41.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €103,515 | €148,286 | +€44,771 | +43.3% |
| Distributable reserves | 133 | €103,515 | €148,286 | +€44,771 | +43.3% |
| Amounts payable | 17/49 | €230,628 | €322,534 | +€91,906 | +39.9% |
| Amounts payable after more than one year | 17 | - | €159,291 | +€159,291 | |
| Financial debts | 170/4 | - | €159,291 | +€159,291 | |
| Amounts payable within one year | 42/48 | €230,628 | €163,243 | -€67,386 | -29.2% |
| Current portion of amounts payable after more than one year | 42 | €3,397 | €3,242 | -€155 | -4.6% |
| Financial debts | 43 | - | €9,535 | +€9,535 | |
| Credit institutions | 430/8 | - | €9,535 | +€9,535 | |
| Trade debts | 44 | €52,325 | €9,931 | -€42,395 | -81.0% |
| Suppliers | 440/4 | €52,325 | €9,931 | -€42,395 | -81.0% |
| Taxes, remuneration and social security | 45 | €58,307 | €31,803 | -€26,504 | -45.5% |
| Taxes | 450/3 | €54,701 | €22,089 | -€32,612 | -59.6% |
| Remuneration and social security | 454/9 | €3,606 | €9,714 | +€6,108 | +169% |
| Other amounts payable | 47/48 | €116,599 | €108,733 | -€7,867 | -6.7% |
| Remuneration, social security and pensions | 62 | €36,682 | €52,247 | +€15,565 | +42.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,124 | €24,878 | +€1,755 | +7.6% |
| Other operating charges | 640/8 | €243 | €230 | -€13 | -5.4% |
| Gross operating margin | 9900 | €200,456 | €143,657 | -€56,800 | -28.3% |
| Operating profit (loss) | 9901 | €140,408 | €66,301 | -€74,107 | -52.8% |
| Financial income | 75/76B | €2,682 | €1,320 | -€1,362 | -50.8% |
| Recurring financial income | 75 | €2,682 | €1,320 | -€1,362 | -50.8% |
| Financial charges | 65/66B | €635 | €7,862 | +€7,227 | +1,138% |
| Recurring financial charges | 65 | €611 | €4,454 | +€3,843 | +629% |
| Non-recurring financial charges | 66B | €24 | €3,407 | +€3,384 | +14,229% |
| Profit (loss) for the period before taxes | 9903 | €142,455 | €59,759 | -€82,696 | -58.1% |
| Income taxes | 67/77 | €38,940 | €14,988 | -€23,952 | -61.5% |
| Profit (loss) for the period | 9904 | €103,515 | €44,771 | -€58,744 | -56.7% |
| Profit (loss) for the period to be appropriated | 9905 | €103,515 | €44,771 | -€58,744 | -56.7% |
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 18 October 2026 via checked.be.