OSDEL: 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.
OSDEL
Largest movements
- Cash +€2,807
up €2,807 (+13.8%), from €20,322 to €23,129
mainly Net result for the year (+€6,586) and Tax, wage and social debts (+€1,893)
- Receivables within one year +€2,487
up €2,487 (+720.4%), from €345 to €2,832
of which Other amounts receivable: +€2,487
- Deferred charges and accrued income +€834
up €834 (+22.4%), from €3,716 to €4,550
- Tangible fixed assets -€611
down €611 (-36.0%), from €1,700 to €1,088
- Profit (loss) carried forward +€6,586
up €6,586 (+81.2%), from €8,114 to €14,700
- Other debts -€3,000
down €3,000 (-100.0%), from €3,000 to €0
- Tax, wage and social debts +€1,893
up €1,893 (+15.0%), from €12,632 to €14,525
of which Remuneration and social security: +€2,492
- Staff costs +€6,809
up €6,809 (+10.9%), from €62,334 to €69,143
- Gross operating margin +€3,114
up €3,114 (+4.2%), from €73,957 to €77,071
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 | €27,808 | €33,235 | +€5,426 | +19.5% |
| Fixed assets | 21/28 | €1,700 | €1,088 | -€611 | -36.0% |
| Tangible fixed assets | 22/27 | €1,700 | €1,088 | -€611 | -36.0% |
| Furniture and vehicles | 24 | €1,700 | €1,088 | -€611 | -36.0% |
| Current assets | 29/58 | €26,109 | €32,146 | +€6,038 | +23.1% |
| Stocks and contracts in progress | 3 | €1,726 | €1,636 | -€90 | -5.2% |
| Stocks | 30/36 | €1,726 | €1,636 | -€90 | -5.2% |
| Amounts receivable within one year | 40/41 | €345 | €2,832 | +€2,487 | +720.4% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €345 | €2,832 | +€2,487 | +720.4% |
| Cash at bank and in hand | 54/58 | €20,322 | €23,129 | +€2,807 | +13.8% |
| Deferred charges and accrued income | 490/1 | €3,716 | €4,550 | +€834 | +22.4% |
| Total equity and liabilities | 10/49 | €27,808 | €33,235 | +€5,426 | +19.5% |
| Equity | 10/15 | €11,114 | €17,700 | +€6,586 | +59.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,114 | €14,700 | +€6,586 | +81.2% |
| Amounts payable | 17/49 | €16,694 | €15,535 | -€1,159 | -6.9% |
| Amounts payable within one year | 42/48 | €16,694 | €15,535 | -€1,159 | -6.9% |
| Trade debts | 44 | €1,062 | €1,010 | -€52 | -4.9% |
| Suppliers | 440/4 | €1,062 | €1,010 | -€52 | -4.9% |
| Taxes, remuneration and social security | 45 | €12,632 | €14,525 | +€1,893 | +15.0% |
| Taxes | 450/3 | €3,469 | €2,870 | -€599 | -17.3% |
| Remuneration and social security | 454/9 | €9,164 | €11,655 | +€2,492 | +27.2% |
| Other amounts payable | 47/48 | €3,000 | €0 | -€3,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €62,334 | €69,143 | +€6,809 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €563 | €611 | +€48 | +8.5% |
| Other operating charges | 640/8 | €940 | €567 | -€373 | -39.7% |
| Gross operating margin | 9900 | €73,957 | €77,071 | +€3,114 | +4.2% |
| Operating profit (loss) | 9901 | €10,119 | €6,750 | -€3,369 | -33.3% |
| Financial income | 75/76B | €0 | €4 | +€4 | |
| Recurring financial income | 75 | €0 | €4 | +€4 | |
| Financial charges | 65/66B | €338 | €103 | -€234 | -69.4% |
| Recurring financial charges | 65 | €338 | €103 | -€234 | -69.4% |
| Profit (loss) for the period before taxes | 9903 | €9,782 | €6,651 | -€3,131 | -32.0% |
| Income taxes | 67/77 | €65 | €65 | -€0 | -0.1% |
| Profit (loss) for the period | 9904 | €9,716 | €6,586 | -€3,131 | -32.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,716 | €6,586 | -€3,131 | -32.2% |
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 6 October 2026 via checked.be.