OM2: 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.
OM2
Largest movements
- Financial fixed assets +€22.5m
up €22.5m (+52.3%), from €43.0m to €65.5m
- Receivables within one year +€3.9m
new in 2025: €3.9m
- Profit (loss) carried forward +€64.8m
up €64.8m, from -€3.6m to €61.1m
- Debts after one year -€36.3m
no longer reported in 2025 (was €36.3m)
- Other debts -€1.7m
no longer reported in 2025 (was €1.7m)
- Financial income +€72.1m
up €72.1m (+2483.6%), from €2.9m to €75.0m
of which Non-recurring financial income: +€72.1m
- Financial charges +€6.9m
up €6.9m (+206.9%), from €3.3m to €10.2m
- Taxes -€20,382
down €20,382, from €12,183 to -€8,199
- Other operating charges +€31
up €31 (+3.2%), from €968 to €998
- Gross operating margin -€3
down €3 (-3.1%), from -€85 to -€88
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 | €43,316,412 | €70,093,912 | +€26.8m | +61.8% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €43,003,685 | €65,501,613 | +€22.5m | +52.3% |
| Financial fixed assets | 28 | €43,003,685 | €65,501,613 | +€22.5m | +52.3% |
| Current assets | 29/58 | €312,727 | €4,592,299 | +€4.3m | +1368.5% |
| Amounts receivable within one year | 40/41 | - | €3,913,830 | +€3.9m | |
| Other amounts receivable | 41 | - | €3,913,830 | +€3.9m | |
| Current investments | 50/53 | €126,605 | €625,890 | +€499,285 | +394.4% |
| Cash at bank and in hand | 54/58 | €186,122 | €52,579 | -€133,542 | -71.7% |
| Total equity and liabilities | 10/49 | €43,316,412 | €70,093,912 | +€26.8m | +61.8% |
| Equity | 10/15 | €5,334,961 | €70,093,912 | +€64.8m | +1213.9% |
| Contributions | 10/11 | €8,962,000 | €8,962,000 | = | 0.0% |
| Capital | 10 | - | €8,962,000 | +€9.0m | |
| Issued capital | 100 | - | €8,962,000 | +€9.0m | |
| Profit (loss) carried forward | 14 | -€3,627,039 | €61,131,912 | +€64.8m | |
| Amounts payable | 17/49 | €37,981,451 | - | -€38.0m | |
| Amounts payable after more than one year | 17 | €36,250,000 | - | -€36.3m | |
| Financial debts | 170/4 | €36,250,000 | - | -€36.3m | |
| Amounts payable within one year | 42/48 | €1,731,451 | - | -€1.7m | |
| Other amounts payable | 47/48 | €1,731,451 | - | -€1.7m | |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€85 | -€88 | -€3 | -3.1% |
| Operating profit (loss) | 9901 | -€1,053 | -€1,086 | -€34 | -3.2% |
| Financial income | 75/76B | €2,901,746 | €74,968,293 | +€72.1m | +2483.6% |
| Recurring financial income | 75 | €40,608 | €4,610 | -€35,998 | -88.6% |
| Non-recurring financial income | 76B | €2,861,138 | €74,963,683 | +€72.1m | +2520.1% |
| Financial charges | 65/66B | €3,328,430 | €10,216,455 | +€6.9m | +206.9% |
| Recurring financial charges | 65 | €3,328,430 | €10,216,455 | +€6.9m | +206.9% |
| Profit (loss) for the period before taxes | 9903 | -€427,737 | €64,750,752 | +€65.2m | |
| Income taxes | 67/77 | €12,183 | -€8,199 | -€20,382 | |
| Profit (loss) for the period | 9904 | -€439,920 | €64,758,951 | +€65.2m | |
| Profit (loss) for the period to be appropriated | 9905 | -€439,920 | €64,758,951 | +€65.2m |
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 4 October 2026 via checked.be.