OXYGEN2: 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.
OXYGEN2
Largest movements
- Current investments +€27,639
new in 2025: €27,639
- Cash +€24,116
up €24,116 (+69.7%), from €34,609 to €58,725
mainly Other debts (+€86,420) and Net result for the year (+€59,926)
- Receivables within one year -€3,170
down €3,170 (-6.6%), from €48,058 to €44,888
of which Trade receivables: -€1,624
- Tangible fixed assets -€1,720
down €1,720 (-18.0%), from €9,547 to €7,827
- Other debts +€86,420
up €86,420 (+11,561%), from €748 to €87,167
- Reserves -€30,000
down €30,000 (-48.5%), from €61,860 to €31,860
of which Distributable reserves: -€30,000
- Tax, wage and social debts -€8,397
down €8,397 (-82.2%), from €10,217 to €1,820
- Purchases and services -€78,195
down €78,195 (-40.4%), from €193,333 to €115,138
- Gross operating margin -€55,359
down €55,359 (-40.3%), from €137,437 to €82,078
- Financial income -€10,568
down €10,568 (-97.5%), from €10,840 to €272
- Taxes -€1,492
down €1,492 (-8.1%), from €18,316 to €16,824
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 | €98,508 | €146,004 | +€47,496 | +48.2% |
| Fixed assets | 21/28 | €9,547 | €7,827 | -€1,720 | -18.0% |
| Tangible fixed assets | 22/27 | €9,547 | €7,827 | -€1,720 | -18.0% |
| Furniture and vehicles | 24 | €9,547 | €7,827 | -€1,720 | -18.0% |
| Current assets | 29/58 | €88,962 | €138,177 | +€49,216 | +55.3% |
| Amounts receivable within one year | 40/41 | €48,058 | €44,888 | -€3,170 | -6.6% |
| Trade receivables | 40 | €46,512 | €44,888 | -€1,624 | -3.5% |
| Other amounts receivable | 41 | €1,547 | - | -€1,547 | |
| Current investments | 50/53 | - | €27,639 | +€27,639 | |
| Cash at bank and in hand | 54/58 | €34,609 | €58,725 | +€24,116 | +69.7% |
| Deferred charges and accrued income | 490/1 | €6,294 | €6,925 | +€631 | +10.0% |
| Total equity and liabilities | 10/49 | €98,508 | €146,004 | +€47,496 | +48.2% |
| Equity | 10/15 | €84,421 | €54,347 | -€30,074 | -35.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €61,860 | €31,860 | -€30,000 | -48.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €60,000 | €30,000 | -€30,000 | -50.0% |
| Profit (loss) carried forward | 14 | €3,961 | €3,887 | -€74 | -1.9% |
| Amounts payable | 17/49 | €14,087 | €91,657 | +€77,570 | +551% |
| Amounts payable within one year | 42/48 | €14,087 | €91,657 | +€77,570 | +551% |
| Trade debts | 44 | €3,123 | €2,670 | -€452 | -14.5% |
| Suppliers | 440/4 | €3,123 | €2,670 | -€452 | -14.5% |
| Taxes, remuneration and social security | 45 | €10,217 | €1,820 | -€8,397 | -82.2% |
| Taxes | 450/3 | €10,217 | €1,820 | -€8,397 | -82.2% |
| Other amounts payable | 47/48 | €748 | €87,167 | +€86,420 | +11,561% |
| Goods, raw materials, services and sundry goods | 60/61 | €193,333 | €115,138 | -€78,195 | -40.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,851 | €1,422 | -€429 | -23.2% |
| Other operating charges | 640/8 | €1,545 | €1,186 | -€359 | -23.2% |
| Non-recurring operating charges | 66A | - | €602 | +€602 | |
| Gross operating margin | 9900 | €137,437 | €82,078 | -€55,359 | -40.3% |
| Operating profit (loss) | 9901 | €134,041 | €78,868 | -€55,174 | -41.2% |
| Financial income | 75/76B | €10,840 | €272 | -€10,568 | -97.5% |
| Recurring financial income | 75 | €10,840 | €272 | -€10,568 | -97.5% |
| Financial charges | 65/66B | €2,605 | €2,390 | -€215 | -8.2% |
| Recurring financial charges | 65 | €2,605 | €2,390 | -€215 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €142,276 | €76,750 | -€65,527 | -46.1% |
| Income taxes | 67/77 | €18,316 | €16,824 | -€1,492 | -8.1% |
| Profit (loss) for the period | 9904 | €123,960 | €59,926 | -€64,034 | -51.7% |
| Profit (loss) for the period to be appropriated | 9905 | €123,960 | €59,926 | -€64,034 | -51.7% |
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 27 October 2026 via checked.be.