OB-JECT: 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.
OB-JECT
Largest movements
- Cash +€251,280
up €251,280 (+236%), from €106,432 to €357,712
mainly Other debts (+€202,981) and Depreciation (+€115,943)
- Tangible fixed assets -€107,745
down €107,745 (-17.0%), from €633,790 to €526,045
of which Land and buildings: -€93,447
- Receivables within one year +€42,467
up €42,467 (+71.8%), from €59,135 to €101,602
of which Trade receivables: +€42,467
- Other debts +€202,981
up €202,981 (+139%), from €146,282 to €349,263
- Tax, wage and social debts +€24,663
up €24,663 (+199%), from €12,394 to €37,057
of which Remuneration and social security: +€22,810
- Trade debts -€23,368
down €23,368 (-15.6%), from €150,036 to €126,668
- Debts after one year -€18,043
down €18,043 (-82.0%), from €21,993 to €3,950
of which Financial debts: -€18,043
- Turnover +€320,161
new in 2024: €320,161
- Purchases and services +€174,503
new in 2024: €174,503
- Gross operating margin +€72,200
up €72,200 (+97.8%), from €73,803 to €146,003
- Taxes -€13,227
down €13,227 (-93.8%), from €14,098 to €871
- Financial charges +€12,934
up €12,934 (+126%), from €10,266 to €23,200
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €800,443 | €986,446 | +€186,003 | +23.2% |
| Fixed assets | 21/28 | €633,790 | €526,045 | -€107,745 | -17.0% |
| Tangible fixed assets | 22/27 | €633,790 | €526,045 | -€107,745 | -17.0% |
| Land and buildings | 22 | €577,198 | €483,751 | -€93,447 | -16.2% |
| Plant, machinery and equipment | 23 | €8,480 | €8,740 | +€260 | +3.1% |
| Furniture and vehicles | 24 | €48,112 | €33,554 | -€14,558 | -30.3% |
| Current assets | 29/58 | €166,653 | €460,400 | +€293,747 | +176% |
| Amounts receivable within one year | 40/41 | €59,135 | €101,602 | +€42,467 | +71.8% |
| Trade receivables | 40 | €38,028 | €80,495 | +€42,467 | +112% |
| Other amounts receivable | 41 | €21,107 | €21,107 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €106,432 | €357,712 | +€251,280 | +236% |
| Deferred charges and accrued income | 490/1 | €1,087 | €1,087 | = | 0.0% |
| Total equity and liabilities | 10/49 | €800,443 | €986,446 | +€186,003 | +23.2% |
| Equity | 10/15 | €432,851 | €433,853 | +€1,002 | +0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €414,251 | €414,251 | = | 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% |
| Distributable reserves | 133 | €412,391 | €412,391 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €1,002 | +€1,002 | |
| Amounts payable | 17/49 | €367,592 | €552,592 | +€185,001 | +50.3% |
| Amounts payable after more than one year | 17 | €21,993 | €3,950 | -€18,043 | -82.0% |
| Financial debts | 170/4 | €18,043 | - | -€18,043 | |
| Other amounts payable | 178/9 | €3,950 | €3,950 | = | 0.0% |
| Amounts payable within one year | 42/48 | €327,988 | €531,031 | +€203,044 | +61.9% |
| Current portion of amounts payable after more than one year | 42 | €19,276 | €18,043 | -€1,233 | -6.4% |
| Trade debts | 44 | €150,036 | €126,668 | -€23,368 | -15.6% |
| Suppliers | 440/4 | €150,036 | €126,668 | -€23,368 | -15.6% |
| Taxes, remuneration and social security | 45 | €12,394 | €37,057 | +€24,663 | +199% |
| Taxes | 450/3 | €12,394 | €14,247 | +€1,853 | +14.9% |
| Remuneration and social security | 454/9 | - | €22,810 | +€22,810 | |
| Other amounts payable | 47/48 | €146,282 | €349,263 | +€202,981 | +139% |
| Accrued charges and deferred income | 492/3 | €17,611 | €17,611 | = | 0.0% |
| Turnover | 70 | - | €320,161 | +€320,161 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €174,503 | +€174,503 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112,069 | €115,943 | +€3,875 | +3.5% |
| Other operating charges | 640/8 | €4,181 | €4,987 | +€805 | +19.3% |
| Gross operating margin | 9900 | €73,803 | €146,003 | +€72,200 | +97.8% |
| Operating profit (loss) | 9901 | -€42,447 | €25,074 | +€67,520 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €10,266 | €23,200 | +€12,934 | +126% |
| Recurring financial charges | 65 | €10,266 | €23,200 | +€12,934 | +126% |
| Profit (loss) for the period before taxes | 9903 | -€52,713 | €1,873 | +€54,586 | |
| Income taxes | 67/77 | €14,098 | €871 | -€13,227 | -93.8% |
| Profit (loss) for the period | 9904 | -€66,811 | €1,002 | +€67,813 | |
| Profit (loss) for the period to be appropriated | 9905 | -€66,811 | €1,002 | +€67,813 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.