OBCO: 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.
OBCO
Largest movements
- Financial fixed assets -€91,250
down €91,250 (-100.0%), from €91,250 to €0
- Tangible fixed assets +€67,491
up €67,491 (+14.6%), from €461,251 to €528,743
of which Land and buildings: +€65,224
- Cash -€57,037
down €57,037 (-48.7%), from €117,081 to €60,044
mainly Contributions, distributions and other (-€87,235) and Other debts (-€53,211)
- Receivables within one year +€18,272
up €18,272 (+68.8%), from €26,568 to €44,840
of which Other amounts receivable: +€16,051
- Debts after one year +€64,577
up €64,577 (+174.9%), from €36,915 to €101,493
- Other debts -€53,211
down €53,211 (-54.0%), from €98,622 to €45,410
- Reserves -€51,264
down €51,264 (-9.2%), from €557,919 to €506,655
of which Distributable reserves: -€49,404
- Current portion of long-term debt -€16,464
down €16,464 (-59.8%), from €27,536 to €11,072
- Tax, wage and social debts -€10,156
down €10,156 (-65.5%), from €15,513 to €5,357
- Gross operating margin -€144,157
down €144,157 (-63.1%), from €228,516 to €84,358
- Taxes -€42,313
down €42,313 (-73.8%), from €57,366 to €15,053
- Depreciation -€5,578
down €5,578 (-18.2%), from €30,609 to €25,031
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 | €761,330 | €701,738 | -€59,592 | -7.8% |
| Fixed assets | 21/28 | €552,501 | €528,743 | -€23,759 | -4.3% |
| Tangible fixed assets | 22/27 | €461,251 | €528,743 | +€67,491 | +14.6% |
| Land and buildings | 22 | €452,382 | €517,606 | +€65,224 | +14.4% |
| Plant, machinery and equipment | 23 | €1,052 | €563 | -€489 | -46.5% |
| Furniture and vehicles | 24 | €7,818 | €10,574 | +€2,756 | +35.3% |
| Financial fixed assets | 28 | €91,250 | €0 | -€91,250 | -100.0% |
| Current assets | 29/58 | €208,829 | €172,995 | -€35,833 | -17.2% |
| Amounts receivable within one year | 40/41 | €26,568 | €44,840 | +€18,272 | +68.8% |
| Trade receivables | 40 | €12,801 | €15,022 | +€2,221 | +17.4% |
| Other amounts receivable | 41 | €13,767 | €29,818 | +€16,051 | +116.6% |
| Current investments | 50/53 | €60,000 | €66,771 | +€6,771 | +11.3% |
| Cash at bank and in hand | 54/58 | €117,081 | €60,044 | -€57,037 | -48.7% |
| Deferred charges and accrued income | 490/1 | €5,179 | €1,339 | -€3,840 | -74.1% |
| Total equity and liabilities | 10/49 | €761,330 | €701,738 | -€59,592 | -7.8% |
| Equity | 10/15 | €576,519 | €525,255 | -€51,264 | -8.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €557,919 | €506,655 | -€51,264 | -9.2% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €556,059 | €506,655 | -€49,404 | -8.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €184,811 | €176,483 | -€8,328 | -4.5% |
| Amounts payable after more than one year | 17 | €36,915 | €101,493 | +€64,577 | +174.9% |
| Financial debts | 170/4 | €36,915 | €101,493 | +€64,577 | +174.9% |
| Amounts payable within one year | 42/48 | €147,896 | €74,991 | -€72,905 | -49.3% |
| Current portion of amounts payable after more than one year | 42 | €27,536 | €11,072 | -€16,464 | -59.8% |
| Trade debts | 44 | €6,226 | €13,152 | +€6,926 | +111.3% |
| Suppliers | 440/4 | €6,226 | €13,152 | +€6,926 | +111.3% |
| Taxes, remuneration and social security | 45 | €15,513 | €5,357 | -€10,156 | -65.5% |
| Taxes | 450/3 | €15,513 | €5,357 | -€10,156 | -65.5% |
| Other amounts payable | 47/48 | €98,622 | €45,410 | -€53,211 | -54.0% |
| Non-recurring operating income | 76A | €22,116 | €0 | -€22,116 | -100.0% |
| Remuneration, social security and pensions | 62 | - | €49 | +€49 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,609 | €25,031 | -€5,578 | -18.2% |
| Other operating charges | 640/8 | €2,875 | €2,326 | -€549 | -19.1% |
| Gross operating margin | 9900 | €228,516 | €84,358 | -€144,157 | -63.1% |
| Operating profit (loss) | 9901 | €195,032 | €56,952 | -€138,080 | -70.8% |
| Financial income | 75/76B | €2,908 | €4,034 | +€1,126 | +38.7% |
| Recurring financial income | 75 | €2,908 | €4,034 | +€1,126 | +38.7% |
| Financial charges | 65/66B | €8,740 | €9,962 | +€1,222 | +14.0% |
| Recurring financial charges | 65 | €8,740 | €9,962 | +€1,222 | +14.0% |
| Profit (loss) for the period before taxes | 9903 | €189,200 | €51,024 | -€138,176 | -73.0% |
| Income taxes | 67/77 | €57,366 | €15,053 | -€42,313 | -73.8% |
| Profit (loss) for the period | 9904 | €131,833 | €35,971 | -€95,862 | -72.7% |
| Profit (loss) for the period to be appropriated | 9905 | €131,833 | €35,971 | -€95,862 | -72.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.