FERNAND OBB: 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.
FERNAND OBB
Largest movements
- Cash -€45,455
down €45,455 (-89.6%), from €50,722 to €5,267
mainly Debts after one year (-€86,197) and Investment in fixed assets (net) (-€79,834)
- Tangible fixed assets -€28,610
down €28,610 (-6.2%), from €463,558 to €434,948
of which Plant, machinery and equipment: -€16,396
- Stocks and contracts +€24,641
up €24,641 (+60.0%), from €41,085 to €65,726
- Formation expenses +€21,600
new in 2025: €21,600
- Deferred charges and accrued income -€21,552
down €21,552 (-76.2%), from €28,276 to €6,724
- Debts after one year -€86,197
down €86,197 (-35.6%), from €241,988 to €155,791
- Profit (loss) carried forward -€43,946
down €43,946 (-37.3%), from €117,961 to €74,015
- Trade debts +€41,954
up €41,954 (+23.9%), from €175,297 to €217,252
- Tax, wage and social debts +€10,581
up €10,581 (+7.9%), from €133,289 to €143,870
of which Taxes: +€18,237
- Staff costs +€56,187
up €56,187 (+6.1%), from €928,083 to €984,270
- Gross operating margin +€53,403
up €53,403 (+5.3%), from €1.0m to €1.1m
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 | €776,910 | €698,073 | -€78,837 | -10.1% |
| Formation expenses | 20 | - | €21,600 | +€21,600 | |
| Fixed assets | 21/28 | €536,547 | €500,290 | -€36,257 | -6.8% |
| Intangible fixed assets | 21 | €72,990 | €65,342 | -€7,648 | -10.5% |
| Tangible fixed assets | 22/27 | €463,558 | €434,948 | -€28,610 | -6.2% |
| Plant, machinery and equipment | 23 | €425,083 | €408,687 | -€16,396 | -3.9% |
| Furniture and vehicles | 24 | €38,475 | €26,261 | -€12,213 | -31.7% |
| Current assets | 29/58 | €240,362 | €176,183 | -€64,179 | -26.7% |
| Amounts receivable after more than one year | 29 | €52,500 | €39,000 | -€13,500 | -25.7% |
| Other amounts receivable | 291 | €52,500 | €39,000 | -€13,500 | -25.7% |
| Stocks and contracts in progress | 3 | €41,085 | €65,726 | +€24,641 | +60.0% |
| Stocks | 30/36 | €41,085 | €65,726 | +€24,641 | +60.0% |
| Amounts receivable within one year | 40/41 | €67,780 | €59,466 | -€8,314 | -12.3% |
| Trade receivables | 40 | €15,509 | €13,885 | -€1,624 | -10.5% |
| Other amounts receivable | 41 | €52,271 | €45,581 | -€6,690 | -12.8% |
| Cash at bank and in hand | 54/58 | €50,722 | €5,267 | -€45,455 | -89.6% |
| Deferred charges and accrued income | 490/1 | €28,276 | €6,724 | -€21,552 | -76.2% |
| Total equity and liabilities | 10/49 | €776,910 | €698,073 | -€78,837 | -10.1% |
| Equity | 10/15 | €138,421 | €94,475 | -€43,946 | -31.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €117,961 | €74,015 | -€43,946 | -37.3% |
| Amounts payable | 17/49 | €638,489 | €603,598 | -€34,891 | -5.5% |
| Amounts payable after more than one year | 17 | €241,988 | €155,791 | -€86,197 | -35.6% |
| Financial debts | 170/4 | €241,988 | €155,791 | -€86,197 | -35.6% |
| Amounts payable within one year | 42/48 | €396,501 | €447,808 | +€51,306 | +12.9% |
| Current portion of amounts payable after more than one year | 42 | €87,914 | €86,197 | -€1,717 | -2.0% |
| Trade debts | 44 | €175,297 | €217,252 | +€41,954 | +23.9% |
| Suppliers | 440/4 | €175,297 | €217,252 | +€41,954 | +23.9% |
| Taxes, remuneration and social security | 45 | €133,289 | €143,870 | +€10,581 | +7.9% |
| Taxes | 450/3 | €4,953 | €23,190 | +€18,237 | +368% |
| Remuneration and social security | 454/9 | €128,336 | €120,681 | -€7,655 | -6.0% |
| Other amounts payable | 47/48 | €0 | €488 | +€488 | |
| Remuneration, social security and pensions | 62 | €928,083 | €984,270 | +€56,187 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,313 | €94,491 | +€7,178 | +8.2% |
| Other operating charges | 640/8 | €5,150 | €1,944 | -€3,207 | -62.3% |
| Non-recurring operating charges | 66A | €0 | €4,576 | +€4,576 | |
| Gross operating margin | 9900 | €1,015,519 | €1,068,922 | +€53,403 | +5.3% |
| Operating profit (loss) | 9901 | -€5,027 | -€16,358 | -€11,331 | -225% |
| Financial income | 75/76B | €3,782 | €1,557 | -€2,225 | -58.8% |
| Recurring financial income | 75 | €3,782 | €1,557 | -€2,225 | -58.8% |
| Financial charges | 65/66B | €34,328 | €29,145 | -€5,183 | -15.1% |
| Recurring financial charges | 65 | €33,796 | €29,145 | -€4,651 | -13.8% |
| Non-recurring financial charges | 66B | €532 | €0 | -€532 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€35,573 | -€43,946 | -€8,373 | -23.5% |
| Income taxes | 67/77 | €70 | €0 | -€70 | -100% |
| Profit (loss) for the period | 9904 | -€35,643 | -€43,946 | -€8,303 | -23.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,643 | -€43,946 | -€8,303 | -23.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.