O.B.S.: 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.
O.B.S.
Largest movements
- Receivables within one year +€676,304
up €676,304 (+798%), from €84,700 to €761,004
of which Other amounts receivable: +€659,364
- Financial fixed assets -€280,116
down €280,116 (-35.4%), from €791,570 to €511,453
- Reserves +€367,000
up €367,000 (+87.5%), from €419,238 to €786,238
- Debts after one year -€29,302
down €29,302 (-38.2%), from €76,806 to €47,504
- Other debts +€25,641
up €25,641 (+10.3%), from €250,075 to €275,716
- Trade debts +€16,193
up €16,193 (+885%), from €1,829 to €18,022
- Tax, wage and social debts +€15,221
up €15,221 (+37.7%), from €40,352 to €55,572
of which Remuneration and social security: +€18,510
- Financial income +€341,295
up €341,295 (+10,291%), from €3,317 to €344,612
- Gross operating margin -€21,844
down €21,844 (-29.1%), from €75,184 to €53,340
- Taxes +€4,261
up €4,261 (+21.4%), from €19,956 to €24,217
- Financial charges -€1,111
down €1,111 (-20.5%), from €5,410 to €4,299
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 | €885,458 | €1,279,894 | +€394,436 | +44.5% |
| Fixed assets | 21/28 | €792,913 | €511,733 | -€281,180 | -35.5% |
| Tangible fixed assets | 22/27 | €1,344 | €280 | -€1,064 | -79.2% |
| Plant, machinery and equipment | 23 | €701 | €280 | -€421 | -60.1% |
| Furniture and vehicles | 24 | €643 | €0 | -€643 | -100% |
| Financial fixed assets | 28 | €791,570 | €511,453 | -€280,116 | -35.4% |
| Current assets | 29/58 | €92,545 | €768,161 | +€675,616 | +730% |
| Amounts receivable within one year | 40/41 | €84,700 | €761,004 | +€676,304 | +798% |
| Trade receivables | 40 | €84,700 | €101,640 | +€16,940 | +20.0% |
| Other amounts receivable | 41 | - | €659,364 | +€659,364 | |
| Cash at bank and in hand | 54/58 | €7,526 | €6,739 | -€787 | -10.5% |
| Deferred charges and accrued income | 490/1 | €318 | €417 | +€99 | +31.2% |
| Total equity and liabilities | 10/49 | €885,458 | €1,279,894 | +€394,436 | +44.5% |
| Equity | 10/15 | €484,508 | €851,519 | +€367,010 | +75.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €419,238 | €786,238 | +€367,000 | +87.5% |
| Distributable reserves | 133 | €419,238 | €786,238 | +€367,000 | +87.5% |
| Profit (loss) carried forward | 14 | €59,071 | €59,081 | +€10 | 0.0% |
| Amounts payable | 17/49 | €400,949 | €428,375 | +€27,426 | +6.8% |
| Amounts payable after more than one year | 17 | €76,806 | €47,504 | -€29,302 | -38.2% |
| Financial debts | 170/4 | €76,806 | €47,504 | -€29,302 | -38.2% |
| Amounts payable within one year | 42/48 | €322,116 | €380,871 | +€58,755 | +18.2% |
| Current portion of amounts payable after more than one year | 42 | €28,771 | €29,302 | +€531 | +1.8% |
| Financial debts | 43 | €1,090 | €2,259 | +€1,169 | +107% |
| Credit institutions | 430/8 | €1,090 | €2,259 | +€1,169 | +107% |
| Trade debts | 44 | €1,829 | €18,022 | +€16,193 | +885% |
| Suppliers | 440/4 | €1,829 | €18,022 | +€16,193 | +885% |
| Taxes, remuneration and social security | 45 | €40,352 | €55,572 | +€15,221 | +37.7% |
| Taxes | 450/3 | €39,512 | €36,222 | -€3,289 | -8.3% |
| Remuneration and social security | 454/9 | €840 | €19,350 | +€18,510 | +2,204% |
| Other amounts payable | 47/48 | €250,075 | €275,716 | +€25,641 | +10.3% |
| Accrued charges and deferred income | 492/3 | €2,028 | €0 | -€2,028 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,504 | €1,064 | -€440 | -29.3% |
| Other operating charges | 640/8 | €1,249 | €1,362 | +€114 | +9.1% |
| Gross operating margin | 9900 | €75,184 | €53,340 | -€21,844 | -29.1% |
| Operating profit (loss) | 9901 | €72,431 | €50,914 | -€21,517 | -29.7% |
| Financial income | 75/76B | €3,317 | €344,612 | +€341,295 | +10,291% |
| Recurring financial income | 75 | €3,317 | €344,612 | +€341,295 | +10,291% |
| Financial charges | 65/66B | €5,410 | €4,299 | -€1,111 | -20.5% |
| Recurring financial charges | 65 | €5,410 | €4,299 | -€1,111 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | €70,337 | €391,227 | +€320,889 | +456% |
| Income taxes | 67/77 | €19,956 | €24,217 | +€4,261 | +21.4% |
| Profit (loss) for the period | 9904 | €50,382 | €367,010 | +€316,629 | +628% |
| Profit (loss) for the period to be appropriated | 9905 | €50,382 | €367,010 | +€316,629 | +628% |
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 17 October 2026 via checked.be.