OB-T: what changed
Two fiscal 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-T
Largest movements
- Receivables within one year +€65,067
up €65,067 (+47.6%), from €136,635 to €201,702
of which Trade receivables: +€67,604
- Cash +€26,461
up €26,461 (+128.5%), from €20,598 to €47,059
mainly Net result for the year (+€105,408) and Trade debts (+€71,959)
- Tangible fixed assets -€16,314
down €16,314 (-32.0%), from €50,929 to €34,615
of which Furniture and vehicles: -€14,749
- Stocks and contracts +€6,615
up €6,615 (+6.6%), from €99,570 to €106,185
- Short-term financial debts -€100,000
down €100,000 (-50.0%), from €200,000 to €100,000
- Trade debts +€71,959
up €71,959 (+353.4%), from €20,359 to €92,318
- Profit (loss) carried forward +€65,408
up €65,408 (+41.8%), from -€156,306 to -€90,898
- Reserves +€40,000
new in 2025: €40,000
- Current portion of long-term debt +€26,414
up €26,414 (+38.5%), from €68,555 to €94,969
- Gross operating margin -€108,768
down €108,768 (-28.9%), from €376,607 to €267,838
- Financial charges -€28,080
down €28,080 (-63.7%), from €44,083 to €16,003
- Staff costs -€15,499
down €15,499 (-11.6%), from €133,419 to €117,920
- Taxes +€13,999
up €13,999, from -€9,999 to €4,000
- Depreciation -€9,535
down €9,535 (-29.0%), from €32,873 to €23,338
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.
Cash bridge derived
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 | €314,768 | €395,909 | +€81,141 | +25.8% |
| Fixed assets | 21/28 | €55,545 | €37,705 | -€17,840 | -32.1% |
| Intangible fixed assets | 21 | €1,764 | €238 | -€1,526 | -86.5% |
| Tangible fixed assets | 22/27 | €50,929 | €34,615 | -€16,314 | -32.0% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €6,728 | €5,320 | -€1,408 | -20.9% |
| Furniture and vehicles | 24 | €38,323 | €23,574 | -€14,749 | -38.5% |
| Other tangible fixed assets | 26 | €5,878 | €5,721 | -€157 | -2.7% |
| Financial fixed assets | 28 | €2,852 | €2,852 | = | 0.0% |
| Current assets | 29/58 | €259,223 | €358,204 | +€98,981 | +38.2% |
| Stocks and contracts in progress | 3 | €99,570 | €106,185 | +€6,615 | +6.6% |
| Stocks | 30/36 | €99,570 | €106,185 | +€6,615 | +6.6% |
| Amounts receivable within one year | 40/41 | €136,635 | €201,702 | +€65,067 | +47.6% |
| Trade receivables | 40 | €113,401 | €181,005 | +€67,604 | +59.6% |
| Other amounts receivable | 41 | €23,234 | €20,697 | -€2,537 | -10.9% |
| Cash at bank and in hand | 54/58 | €20,598 | €47,059 | +€26,461 | +128.5% |
| Deferred charges and accrued income | 490/1 | €2,420 | €3,258 | +€838 | +34.6% |
| Total equity and liabilities | 10/49 | €314,768 | €395,909 | +€81,141 | +25.8% |
| Equity | 10/15 | -€150,106 | -€44,698 | +€105,408 | +70.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | - | €40,000 | +€40,000 | |
| Distributable reserves | 133 | - | €40,000 | +€40,000 | |
| Profit (loss) carried forward | 14 | -€156,306 | -€90,898 | +€65,408 | +41.8% |
| Amounts payable | 17/49 | €464,874 | €440,607 | -€24,267 | -5.2% |
| Amounts payable after more than one year | 17 | €151,585 | €134,609 | -€16,976 | -11.2% |
| Financial debts | 170/4 | €128,069 | €129,243 | +€1,174 | +0.9% |
| Other amounts payable | 178/9 | €23,517 | €5,367 | -€18,150 | -77.2% |
| Amounts payable within one year | 42/48 | €309,407 | €305,178 | -€4,228 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €68,555 | €94,969 | +€26,414 | +38.5% |
| Financial debts | 43 | €200,000 | €100,000 | -€100,000 | -50.0% |
| Credit institutions | 430/8 | €200,000 | €100,000 | -€100,000 | -50.0% |
| Trade debts | 44 | €20,359 | €92,318 | +€71,959 | +353.4% |
| Suppliers | 440/4 | €20,359 | €92,318 | +€71,959 | +353.4% |
| Taxes, remuneration and social security | 45 | €20,492 | €17,454 | -€3,038 | -14.8% |
| Taxes | 450/3 | €7,053 | €4,571 | -€2,482 | -35.2% |
| Remuneration and social security | 454/9 | €13,440 | €12,883 | -€557 | -4.1% |
| Other amounts payable | 47/48 | €0 | €437 | +€437 | |
| Accrued charges and deferred income | 492/3 | €3,882 | €819 | -€3,063 | -78.9% |
| Non-recurring operating income | 76A | €12,479 | €0 | -€12,479 | -100.0% |
| Remuneration, social security and pensions | 62 | €133,419 | €117,920 | -€15,499 | -11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,873 | €23,338 | -€9,535 | -29.0% |
| Other operating charges | 640/8 | €3,881 | €1,868 | -€2,013 | -51.9% |
| Non-recurring operating charges | 66A | €153 | €0 | -€153 | -100.0% |
| Gross operating margin | 9900 | €376,607 | €267,838 | -€108,768 | -28.9% |
| Operating profit (loss) | 9901 | €206,280 | €124,711 | -€81,569 | -39.5% |
| Financial income | 75/76B | €293 | €699 | +€407 | +138.9% |
| Recurring financial income | 75 | €293 | €699 | +€407 | +138.9% |
| Financial charges | 65/66B | €44,083 | €16,003 | -€28,080 | -63.7% |
| Recurring financial charges | 65 | €44,083 | €16,003 | -€28,080 | -63.7% |
| Profit (loss) for the period before taxes | 9903 | €162,490 | €109,408 | -€53,082 | -32.7% |
| Income taxes | 67/77 | -€9,999 | €4,000 | +€13,999 | |
| Profit (loss) for the period | 9904 | €172,489 | €105,408 | -€67,081 | -38.9% |
| Profit (loss) for the period to be appropriated | 9905 | €172,489 | €105,408 | -€67,081 | -38.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.