O'BEL: 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'BEL
Largest movements
- Deferred charges and accrued income -€19,417
down €19,417 (-98.3%), from €19,751 to €334
- Tangible fixed assets +€8,457
up €8,457 (+5.7%), from €148,147 to €156,604
of which Furniture and vehicles: +€15,496
- Cash +€2,491
up €2,491 (+173%), from €1,437 to €3,928
mainly Deferred charges and accrued income (+€19,417) and Depreciation (+€10,799)
- Receivables within one year -€2,145
down €2,145 (-80.2%), from €2,675 to €530
of which Other amounts receivable: -€2,675
- Other debts -€20,575
down €20,575 (-56.1%), from €36,664 to €16,089
- Profit (loss) carried forward +€9,457
up €9,457, from -€5,059 to €4,398
- Debts after one year -€4,052
down €4,052 (-3.6%), from €113,343 to €109,291
- Trade debts +€2,082
new in 2025: €2,082
- Tax, wage and social debts +€1,881
up €1,881 (+47.3%), from €3,979 to €5,860
of which Remuneration and social security: +€1,392
- Gross operating margin +€17,314
up €17,314 (+37.2%), from €46,551 to €63,865
- Staff costs +€6,431
up €6,431 (+26.9%), from €23,865 to €30,296
- Other operating charges +€3,335
up €3,335 (+165%), from €2,026 to €5,361
- Write-downs -€3,213
no longer reported in 2025 (was €3,213)
- Financial charges +€2,617
up €2,617 (+56.2%), from €4,657 to €7,274
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 | €173,248 | €162,223 | -€11,025 | -6.4% |
| Fixed assets | 21/28 | €148,447 | €156,904 | +€8,457 | +5.7% |
| Tangible fixed assets | 22/27 | €148,147 | €156,604 | +€8,457 | +5.7% |
| Land and buildings | 22 | €134,868 | €130,861 | -€4,007 | -3.0% |
| Plant, machinery and equipment | 23 | €13,279 | €10,247 | -€3,032 | -22.8% |
| Furniture and vehicles | 24 | - | €15,496 | +€15,496 | |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €24,801 | €5,319 | -€19,482 | -78.6% |
| Stocks and contracts in progress | 3 | €938 | €527 | -€411 | -43.8% |
| Stocks | 30/36 | €938 | €527 | -€411 | -43.8% |
| Amounts receivable within one year | 40/41 | €2,675 | €530 | -€2,145 | -80.2% |
| Trade receivables | 40 | - | €530 | +€530 | |
| Other amounts receivable | 41 | €2,675 | - | -€2,675 | |
| Cash at bank and in hand | 54/58 | €1,437 | €3,928 | +€2,491 | +173% |
| Deferred charges and accrued income | 490/1 | €19,751 | €334 | -€19,417 | -98.3% |
| Total equity and liabilities | 10/49 | €173,248 | €162,223 | -€11,025 | -6.4% |
| Equity | 10/15 | €15,392 | €24,849 | +€9,457 | +61.4% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,059 | €4,398 | +€9,457 | |
| Amounts payable | 17/49 | €157,856 | €137,374 | -€20,482 | -13.0% |
| Amounts payable after more than one year | 17 | €113,343 | €109,291 | -€4,052 | -3.6% |
| Financial debts | 170/4 | €113,343 | €109,291 | -€4,052 | -3.6% |
| Amounts payable within one year | 42/48 | €44,513 | €28,083 | -€16,430 | -36.9% |
| Current portion of amounts payable after more than one year | 42 | €3,870 | €4,052 | +€182 | +4.7% |
| Trade debts | 44 | - | €2,082 | +€2,082 | |
| Suppliers | 440/4 | - | €2,082 | +€2,082 | |
| Taxes, remuneration and social security | 45 | €3,979 | €5,860 | +€1,881 | +47.3% |
| Taxes | 450/3 | €2,747 | €3,236 | +€489 | +17.8% |
| Remuneration and social security | 454/9 | €1,232 | €2,624 | +€1,392 | +113% |
| Other amounts payable | 47/48 | €36,664 | €16,089 | -€20,575 | -56.1% |
| Remuneration, social security and pensions | 62 | €23,865 | €30,296 | +€6,431 | +26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,850 | €10,799 | +€1,949 | +22.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,213 | - | -€3,213 | |
| Other operating charges | 640/8 | €2,026 | €5,361 | +€3,335 | +165% |
| Non-recurring operating charges | 66A | €500 | - | -€500 | |
| Gross operating margin | 9900 | €46,551 | €63,865 | +€17,314 | +37.2% |
| Operating profit (loss) | 9901 | €8,097 | €17,409 | +€9,312 | +115% |
| Financial income | 75/76B | €52 | - | -€52 | |
| Recurring financial income | 75 | €52 | - | -€52 | |
| Financial charges | 65/66B | €4,657 | €7,274 | +€2,617 | +56.2% |
| Recurring financial charges | 65 | €4,657 | €7,274 | +€2,617 | +56.2% |
| Profit (loss) for the period before taxes | 9903 | €3,492 | €10,135 | +€6,643 | +190% |
| Income taxes | 67/77 | €211 | €678 | +€467 | +221% |
| Profit (loss) for the period | 9904 | €3,281 | €9,457 | +€6,176 | +188% |
| Profit (loss) for the period to be appropriated | 9905 | €3,281 | €9,457 | +€6,176 | +188% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.