OBAS: 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.
OBAS
Largest movements
- Cash +€111,016
up €111,016 (+154.5%), from €71,834 to €182,850
mainly Net result for the year (+€240,885) and Depreciation (+€68,272)
- Tangible fixed assets -€31,926
down €31,926 (-4.4%), from €732,472 to €700,546
of which Land and buildings: -€37,630
- Intangible fixed assets -€18,546
down €18,546 (-25.0%), from €74,185 to €55,638
- Stocks and contracts +€13,516
up €13,516 (+128.0%), from €10,562 to €24,078
- Reserves +€228,184
up €228,184 (+83.5%), from €273,127 to €501,312
- Other debts -€179,963
down €179,963 (-100.0%), from €179,997 to €33
- Debts after one year -€30,452
down €30,452 (-9.6%), from €316,094 to €285,641
- Current portion of long-term debt +€20,953
up €20,953 (+70.5%), from €29,701 to €50,653
- Accrued charges and deferred income +€13,933
up €13,933 (+39.0%), from €35,697 to €49,630
- Gross operating margin +€109,383
up €109,383 (+21.6%), from €507,264 to €616,647
- Taxes +€38,629
up €38,629 (+53.8%), from €71,760 to €110,389
- Staff costs -€9,103
down €9,103 (-4.8%), from €191,252 to €182,150
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 | €900,096 | €968,224 | +€68,128 | +7.6% |
| Fixed assets | 21/28 | €806,656 | €756,185 | -€50,472 | -6.3% |
| Intangible fixed assets | 21 | €74,185 | €55,638 | -€18,546 | -25.0% |
| Tangible fixed assets | 22/27 | €732,472 | €700,546 | -€31,926 | -4.4% |
| Land and buildings | 22 | €711,074 | €673,445 | -€37,630 | -5.3% |
| Plant, machinery and equipment | 23 | €19,392 | €21,112 | +€1,720 | +8.9% |
| Furniture and vehicles | 24 | €2,006 | €5,990 | +€3,984 | +198.6% |
| Current assets | 29/58 | €93,440 | €212,039 | +€118,600 | +126.9% |
| Stocks and contracts in progress | 3 | €10,562 | €24,078 | +€13,516 | +128.0% |
| Stocks | 30/36 | €10,562 | €24,078 | +€13,516 | +128.0% |
| Amounts receivable within one year | 40/41 | €9,194 | - | -€9,194 | |
| Other amounts receivable | 41 | €9,194 | - | -€9,194 | |
| Current investments | 50/53 | €1,850 | €2,789 | +€939 | +50.7% |
| Cash at bank and in hand | 54/58 | €71,834 | €182,850 | +€111,016 | +154.5% |
| Deferred charges and accrued income | 490/1 | - | €2,323 | +€2,323 | |
| Total equity and liabilities | 10/49 | €900,096 | €968,224 | +€68,128 | +7.6% |
| Equity | 10/15 | €285,527 | €513,712 | +€228,184 | +79.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €273,127 | €501,312 | +€228,184 | +83.5% |
| Distributable reserves | 133 | €273,127 | €501,312 | +€228,184 | +83.5% |
| Amounts payable | 17/49 | €614,569 | €454,512 | -€160,056 | -26.0% |
| Amounts payable after more than one year | 17 | €316,094 | €285,641 | -€30,452 | -9.6% |
| Financial debts | 170/4 | €316,094 | €285,641 | -€30,452 | -9.6% |
| Amounts payable within one year | 42/48 | €262,778 | €119,241 | -€143,537 | -54.6% |
| Current portion of amounts payable after more than one year | 42 | €29,701 | €50,653 | +€20,953 | +70.5% |
| Trade debts | 44 | €15,061 | €27,889 | +€12,828 | +85.2% |
| Suppliers | 440/4 | €15,061 | €27,889 | +€12,828 | +85.2% |
| Taxes, remuneration and social security | 45 | €38,020 | €40,665 | +€2,646 | +7.0% |
| Taxes | 450/3 | €20,985 | €22,132 | +€1,148 | +5.5% |
| Remuneration and social security | 454/9 | €17,035 | €18,533 | +€1,498 | +8.8% |
| Other amounts payable | 47/48 | €179,997 | €33 | -€179,963 | -100.0% |
| Accrued charges and deferred income | 492/3 | €35,697 | €49,630 | +€13,933 | +39.0% |
| Remuneration, social security and pensions | 62 | €191,252 | €182,150 | -€9,103 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,159 | €68,272 | +€113 | +0.2% |
| Other operating charges | 640/8 | €5,514 | €4,527 | -€987 | -17.9% |
| Gross operating margin | 9900 | €507,264 | €616,647 | +€109,383 | +21.6% |
| Operating profit (loss) | 9901 | €242,339 | €361,698 | +€119,360 | +49.3% |
| Financial income | 75/76B | - | €397 | +€397 | |
| Recurring financial income | 75 | - | €397 | +€397 | |
| Financial charges | 65/66B | €12,759 | €10,822 | -€1,938 | -15.2% |
| Recurring financial charges | 65 | €12,759 | €10,822 | -€1,938 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | €229,580 | €351,274 | +€121,694 | +53.0% |
| Income taxes | 67/77 | €71,760 | €110,389 | +€38,629 | +53.8% |
| Profit (loss) for the period | 9904 | €157,820 | €240,885 | +€83,066 | +52.6% |
| Profit (loss) for the period to be appropriated | 9905 | €157,820 | €240,885 | +€83,066 | +52.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.