OB-V-US: 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-V-US
Largest movements
- Cash +€115,525
up €115,525 (+147.5%), from €78,309 to €193,834
mainly Net result for the year (+€112,323) and Trade debts (+€44,211)
- Receivables within one year +€37,884
up €37,884 (+6.7%), from €564,322 to €602,206
of which Trade receivables: +€88,744
- Tangible fixed assets +€19,229
up €19,229 (+55.0%), from €34,980 to €54,209
of which Furniture and vehicles: +€23,697
- Profit (loss) carried forward +€112,323
up €112,323 (+28.6%), from €393,367 to €505,690
- Trade debts +€44,211
up €44,211 (+27.8%), from €158,901 to €203,112
- Tax, wage and social debts +€39,206
up €39,206 (+76.9%), from €50,967 to €90,173
- Current portion of long-term debt -€8,886
down €8,886 (-62.2%), from €14,298 to €5,411
- Gross operating margin +€79,130
up €79,130 (+16.2%), from €487,936 to €567,066
- Staff costs -€68,421
down €68,421 (-14.8%), from €463,088 to €394,667
- Taxes +€33,045
up €33,045 (+450.6%), from €7,333 to €40,378
- Financial income -€16,287
down €16,287 (-96.2%), from €16,936 to €649
- Financial charges -€8,362
down €8,362 (-64.2%), from €13,028 to €4,665
of which Non-recurring financial charges: -€7,034
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 | €698,865 | €872,586 | +€173,721 | +24.9% |
| Fixed assets | 21/28 | €50,980 | €70,209 | +€19,229 | +37.7% |
| Tangible fixed assets | 22/27 | €34,980 | €54,209 | +€19,229 | +55.0% |
| Land and buildings | 22 | €17,067 | €14,970 | -€2,097 | -12.3% |
| Plant, machinery and equipment | 23 | €10,649 | €8,277 | -€2,372 | -22.3% |
| Furniture and vehicles | 24 | €7,265 | €30,962 | +€23,697 | +326.2% |
| Financial fixed assets | 28 | €16,000 | €16,000 | = | 0.0% |
| Current assets | 29/58 | €647,885 | €802,377 | +€154,492 | +23.8% |
| Amounts receivable within one year | 40/41 | €564,322 | €602,206 | +€37,884 | +6.7% |
| Trade receivables | 40 | €357,492 | €446,235 | +€88,744 | +24.8% |
| Other amounts receivable | 41 | €206,830 | €155,970 | -€50,859 | -24.6% |
| Cash at bank and in hand | 54/58 | €78,309 | €193,834 | +€115,525 | +147.5% |
| Deferred charges and accrued income | 490/1 | €5,254 | €6,337 | +€1,083 | +20.6% |
| Total equity and liabilities | 10/49 | €698,865 | €872,586 | +€173,721 | +24.9% |
| Equity | 10/15 | €461,567 | €573,890 | +€112,323 | +24.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €393,367 | €505,690 | +€112,323 | +28.6% |
| Amounts payable | 17/49 | €237,298 | €298,696 | +€61,397 | +25.9% |
| Amounts payable after more than one year | 17 | €5,411 | - | -€5,411 | |
| Financial debts | 170/4 | €5,411 | - | -€5,411 | |
| Amounts payable within one year | 42/48 | €231,887 | €298,696 | +€66,809 | +28.8% |
| Current portion of amounts payable after more than one year | 42 | €14,298 | €5,411 | -€8,886 | -62.2% |
| Trade debts | 44 | €158,901 | €203,112 | +€44,211 | +27.8% |
| Suppliers | 440/4 | €158,901 | €203,112 | +€44,211 | +27.8% |
| Taxes, remuneration and social security | 45 | €50,967 | €90,173 | +€39,206 | +76.9% |
| Taxes | 450/3 | €50,967 | €90,173 | +€39,206 | +76.9% |
| Other amounts payable | 47/48 | €7,722 | - | -€7,722 | |
| Remuneration, social security and pensions | 62 | €463,088 | €394,667 | -€68,421 | -14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,575 | €9,750 | +€1,176 | +13.7% |
| Other operating charges | 640/8 | €4,308 | €5,931 | +€1,623 | +37.7% |
| Gross operating margin | 9900 | €487,936 | €567,066 | +€79,130 | +16.2% |
| Operating profit (loss) | 9901 | €11,966 | €156,717 | +€144,752 | +1209.7% |
| Financial income | 75/76B | €16,936 | €649 | -€16,287 | -96.2% |
| Recurring financial income | 75 | €16,936 | €649 | -€16,287 | -96.2% |
| Financial charges | 65/66B | €13,028 | €4,665 | -€8,362 | -64.2% |
| Recurring financial charges | 65 | €5,993 | €4,665 | -€1,328 | -22.2% |
| Non-recurring financial charges | 66B | €7,034 | - | -€7,034 | |
| Profit (loss) for the period before taxes | 9903 | €15,874 | €152,702 | +€136,827 | +861.9% |
| Income taxes | 67/77 | €7,333 | €40,378 | +€33,045 | +450.6% |
| Profit (loss) for the period | 9904 | €8,541 | €112,323 | +€103,782 | +1215.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,541 | €112,323 | +€103,782 | +1215.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.