L'Objet Trouvé: 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.
L'Objet Trouvé
Largest movements
- Receivables after one year -€94,500
no longer reported in 2025 (was €94,500)
- Tangible fixed assets +€15,844
up €15,844 (+10.8%), from €147,124 to €162,968
of which Assets under construction and advance payments: +€36,224
- Cash +€14,206
up €14,206 (+28.7%), from €49,415 to €63,621
mainly Receivables after one year (+€94,500) and Net result for the year (+€32,343)
- Stocks and contracts +€13,578
up €13,578 (+150%), from €9,056 to €22,634
- Other debts -€47,955
down €47,955 (-91.0%), from €52,705 to €4,751
- Debts after one year -€27,917
down €27,917 (-23.1%), from €120,852 to €92,935
- Reserves +€15,943
up €15,943 (+17.8%), from €89,392 to €105,336
- Trade debts +€5,255
up €5,255 (+795%), from €661 to €5,917
- Gross operating margin +€31,914
up €31,914 (+70.5%), from €45,276 to €77,190
- Taxes +€8,417
up €8,417 (+145%), from €5,791 to €14,208
- Financial income -€1,754
down €1,754 (-99.9%), from €1,755 to €1
- Other operating charges -€1,160
down €1,160 (-46.0%), from €2,523 to €1,363
- Depreciation +€1,123
up €1,123 (+4.5%), from €24,938 to €26,060
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 | €324,070 | €270,898 | -€53,171 | -16.4% |
| Fixed assets | 21/28 | €147,124 | €162,968 | +€15,844 | +10.8% |
| Tangible fixed assets | 22/27 | €147,124 | €162,968 | +€15,844 | +10.8% |
| Land and buildings | 22 | €75,839 | €63,981 | -€11,857 | -15.6% |
| Plant, machinery and equipment | 23 | €180 | €3,093 | +€2,913 | +1,618% |
| Furniture and vehicles | 24 | €22,963 | €15,562 | -€7,401 | -32.2% |
| Other tangible fixed assets | 26 | €48,143 | €44,108 | -€4,035 | -8.4% |
| Assets under construction and advance payments | 27 | - | €36,224 | +€36,224 | |
| Current assets | 29/58 | €176,946 | €107,930 | -€69,015 | -39.0% |
| Amounts receivable after more than one year | 29 | €94,500 | - | -€94,500 | |
| Other amounts receivable | 291 | €94,500 | - | -€94,500 | |
| Stocks and contracts in progress | 3 | €9,056 | €22,634 | +€13,578 | +150% |
| Stocks | 30/36 | €9,056 | €22,634 | +€13,578 | +150% |
| Amounts receivable within one year | 40/41 | €21,356 | €21,676 | +€320 | +1.5% |
| Trade receivables | 40 | €21,295 | €20,369 | -€926 | -4.4% |
| Other amounts receivable | 41 | €61 | €1,307 | +€1,246 | +2,059% |
| Cash at bank and in hand | 54/58 | €49,415 | €63,621 | +€14,206 | +28.7% |
| Deferred charges and accrued income | 490/1 | €2,619 | - | -€2,619 | |
| Total equity and liabilities | 10/49 | €324,070 | €270,898 | -€53,171 | -16.4% |
| Equity | 10/15 | €101,792 | €117,736 | +€15,943 | +15.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €89,392 | €105,336 | +€15,943 | +17.8% |
| Distributable reserves | 133 | €89,392 | €105,336 | +€15,943 | +17.8% |
| Amounts payable | 17/49 | €222,277 | €153,163 | -€69,115 | -31.1% |
| Amounts payable after more than one year | 17 | €120,852 | €92,935 | -€27,917 | -23.1% |
| Financial debts | 170/4 | €120,852 | €92,935 | -€27,917 | -23.1% |
| Amounts payable within one year | 42/48 | €101,426 | €60,228 | -€41,197 | -40.6% |
| Current portion of amounts payable after more than one year | 42 | €27,290 | €27,917 | +€627 | +2.3% |
| Trade debts | 44 | €661 | €5,917 | +€5,255 | +795% |
| Suppliers | 440/4 | €661 | €5,917 | +€5,255 | +795% |
| Taxes, remuneration and social security | 45 | €20,769 | €21,644 | +€875 | +4.2% |
| Taxes | 450/3 | €20,769 | €21,644 | +€875 | +4.2% |
| Other amounts payable | 47/48 | €52,705 | €4,751 | -€47,955 | -91.0% |
| Non-recurring operating income | 76A | €214 | - | -€214 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,938 | €26,060 | +€1,123 | +4.5% |
| Other operating charges | 640/8 | €2,523 | €1,363 | -€1,160 | -46.0% |
| Gross operating margin | 9900 | €45,276 | €77,190 | +€31,914 | +70.5% |
| Operating profit (loss) | 9901 | €17,815 | €49,767 | +€31,952 | +179% |
| Financial income | 75/76B | €1,755 | €1 | -€1,754 | -99.9% |
| Recurring financial income | 75 | €1,755 | €1 | -€1,754 | -99.9% |
| Financial charges | 65/66B | €3,726 | €3,217 | -€509 | -13.7% |
| Recurring financial charges | 65 | €3,726 | €3,217 | -€509 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €15,845 | €46,551 | +€30,707 | +194% |
| Income taxes | 67/77 | €5,791 | €14,208 | +€8,417 | +145% |
| Profit (loss) for the period | 9904 | €10,053 | €32,343 | +€22,290 | +222% |
| Profit (loss) for the period to be appropriated | 9905 | €10,053 | €32,343 | +€22,290 | +222% |
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 25 October 2026 via checked.be.