OBA Management: what changed
OBA Management
Largest movements
- Current investments +€170,000
up €170,000 (+85.0%), from €200,000 to €370,000
- Receivables within one year -€60,599
down €60,599 (-48.1%), from €125,987 to €65,388
of which Trade receivables: -€52,415
- Cash -€50,720
down €50,720 (-71.7%), from €70,788 to €20,068
mainly Contributions, distributions and other (-€250,000) and Current investments (-€170,000)
- Tangible fixed assets -€13,923
down €13,923 (-16.0%), from €86,880 to €72,957
of which Furniture and vehicles: -€13,847
- Intangible fixed assets -€6,000
down €6,000 (-34.3%), from €17,507 to €11,507
- Reserves +€32,641
up €32,641 (+28.5%), from €114,524 to €147,166
of which Distributable reserves: +€32,641
- Other debts +€15,000
up €15,000 (+6.4%), from €235,000 to €250,000
- Trade debts -€6,138
down €6,138 (-87.1%), from €7,047 to €910
- Gross operating margin +€56,257
up €56,257 (+22.5%), from €250,095 to €306,352
- Depreciation +€9,367
up €9,367 (+51.8%), from €18,086 to €27,452
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €505,991 | €544,658 | +€38,668 | +7.6% |
| Fixed assets | 21/28 | €104,387 | €84,464 | -€19,923 | -19.1% |
| Intangible fixed assets | 21 | €17,507 | €11,507 | -€6,000 | -34.3% |
| Tangible fixed assets | 22/27 | €86,880 | €72,957 | -€13,923 | -16.0% |
| Furniture and vehicles | 24 | €79,572 | €65,725 | -€13,847 | -17.4% |
| Other tangible fixed assets | 26 | €7,308 | €7,232 | -€75 | -1.0% |
| Current assets | 29/58 | €401,604 | €460,195 | +€58,590 | +14.6% |
| Amounts receivable within one year | 40/41 | €125,987 | €65,388 | -€60,599 | -48.1% |
| Trade receivables | 40 | €114,917 | €62,502 | -€52,415 | -45.6% |
| Other amounts receivable | 41 | €11,070 | €2,886 | -€8,184 | -73.9% |
| Current investments | 50/53 | €200,000 | €370,000 | +€170,000 | +85.0% |
| Cash at bank and in hand | 54/58 | €70,788 | €20,068 | -€50,720 | -71.7% |
| Deferred charges and accrued income | 490/1 | €4,830 | €4,739 | -€91 | -1.9% |
| Total equity and liabilities | 10/49 | €505,991 | €544,658 | +€38,668 | +7.6% |
| Equity | 10/15 | €244,524 | €277,166 | +€32,641 | +13.3% |
| Contributions | 10/11 | €130,000 | €130,000 | = | 0.0% |
| Capital | 10 | €130,000 | €130,000 | = | 0.0% |
| Issued capital | 100 | €130,000 | €130,000 | = | 0.0% |
| Reserves | 13 | €114,524 | €147,166 | +€32,641 | +28.5% |
| Non-distributable reserves | 130/1 | €13,000 | €13,000 | = | 0.0% |
| Legal reserve | 130 | €13,000 | €13,000 | = | 0.0% |
| Distributable reserves | 133 | €101,524 | €134,166 | +€32,641 | +32.2% |
| Amounts payable | 17/49 | €261,467 | €267,493 | +€6,026 | +2.3% |
| Amounts payable within one year | 42/48 | €261,467 | €267,493 | +€6,026 | +2.3% |
| Financial debts | 43 | €47 | €760 | +€713 | +1,517% |
| Credit institutions | 430/8 | - | €760 | +€760 | |
| Other loans | 439 | €47 | - | -€47 | |
| Trade debts | 44 | €7,047 | €910 | -€6,138 | -87.1% |
| Suppliers | 440/4 | €7,047 | €910 | -€6,138 | -87.1% |
| Taxes, remuneration and social security | 45 | €19,372 | €15,823 | -€3,549 | -18.3% |
| Taxes | 450/3 | €19,372 | €15,823 | -€3,549 | -18.3% |
| Other amounts payable | 47/48 | €235,000 | €250,000 | +€15,000 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,086 | €27,452 | +€9,367 | +51.8% |
| Other operating charges | 640/8 | €2,770 | €1,169 | -€1,601 | -57.8% |
| Gross operating margin | 9900 | €250,095 | €306,352 | +€56,257 | +22.5% |
| Operating profit (loss) | 9901 | €229,240 | €277,731 | +€48,491 | +21.2% |
| Financial income | 75/76B | €4,602 | €5,387 | +€785 | +17.1% |
| Recurring financial income | 75 | €4,602 | €5,387 | +€785 | +17.1% |
| Financial charges | 65/66B | €115 | €106 | -€9 | -7.7% |
| Recurring financial charges | 65 | €115 | €106 | -€9 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €233,726 | €283,012 | +€49,285 | +21.1% |
| Income taxes | 67/77 | €268 | €371 | +€102 | +38.0% |
| Profit (loss) for the period | 9904 | €233,458 | €282,641 | +€49,183 | +21.1% |
| Profit (loss) for the period to be appropriated | 9905 | €233,458 | €282,641 | +€49,183 | +21.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.