OBECK Estate: 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.
OBECK Estate
Largest movements
- Receivables after one year -€441,548
down €441,548 (-13.6%), from €3.3m to €2.8m
- Cash -€161,971
down €161,971 (-88.9%), from €182,279 to €20,308
mainly Debts after one year (-€596,299) and Investment in fixed assets (net) (-€447,488)
- Debts after one year -€596,299
down €596,299 (-6.1%), from €9.8m to €9.2m
- Gross operating margin +€104,788
up €104,788 (+21.4%), from €488,859 to €593,648
- Depreciation +€81,502
up €81,502 (+27.8%), from €293,269 to €374,772
- Financial charges +€26,582
up €26,582 (+7.4%), from €361,098 to €387,681
- Financial income -€12,555
down €12,555 (-7.0%), from €178,099 to €165,544
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.
Derived cash bridge
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 | €10,909,271 | €10,291,445 | -€617,826 | -5.7% |
| Formation expenses | 20 | €386 | €113 | -€273 | -70.7% |
| Fixed assets | 21/28 | €6,844,463 | €6,917,452 | +€72,989 | +1.1% |
| Tangible fixed assets | 22/27 | €6,844,463 | €6,917,452 | +€72,989 | +1.1% |
| Land and buildings | 22 | €6,844,463 | €6,917,452 | +€72,989 | +1.1% |
| Current assets | 29/58 | €4,064,423 | €3,373,880 | -€690,543 | -17.0% |
| Amounts receivable after more than one year | 29 | €3,253,572 | €2,812,025 | -€441,548 | -13.6% |
| Other amounts receivable | 291 | €3,253,572 | €2,812,025 | -€441,548 | -13.6% |
| Amounts receivable within one year | 40/41 | €628,023 | €541,548 | -€86,476 | -13.8% |
| Other amounts receivable | 41 | €628,023 | €541,548 | -€86,476 | -13.8% |
| Cash at bank and in hand | 54/58 | €182,279 | €20,308 | -€161,971 | -88.9% |
| Deferred charges and accrued income | 490/1 | €549 | - | -€549 | |
| Total equity and liabilities | 10/49 | €10,909,271 | €10,291,445 | -€617,826 | -5.7% |
| Equity | 10/15 | -€323,090 | -€326,869 | -€3,779 | -1.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€333,090 | -€336,869 | -€3,779 | -1.1% |
| Amounts payable | 17/49 | €11,232,361 | €10,618,314 | -€614,047 | -5.5% |
| Amounts payable after more than one year | 17 | €9,763,704 | €9,167,405 | -€596,299 | -6.1% |
| Financial debts | 170/4 | €9,763,704 | €9,167,405 | -€596,299 | -6.1% |
| Amounts payable within one year | 42/48 | €1,468,657 | €1,450,909 | -€17,748 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €1,089,911 | €1,089,729 | -€182 | 0.0% |
| Trade debts | 44 | €63,312 | €41,288 | -€22,024 | -34.8% |
| Suppliers | 440/4 | €63,312 | €41,288 | -€22,024 | -34.8% |
| Taxes, remuneration and social security | 45 | €31,502 | €31,430 | -€72 | -0.2% |
| Taxes | 450/3 | €31,502 | €31,430 | -€72 | -0.2% |
| Other amounts payable | 47/48 | €283,933 | €288,463 | +€4,530 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €293,269 | €374,772 | +€81,502 | +27.8% |
| Other operating charges | 640/8 | €508 | €518 | +€10 | +2.0% |
| Gross operating margin | 9900 | €488,859 | €593,648 | +€104,788 | +21.4% |
| Operating profit (loss) | 9901 | €195,082 | €218,358 | +€23,276 | +11.9% |
| Financial income | 75/76B | €178,099 | €165,544 | -€12,555 | -7.0% |
| Recurring financial income | 75 | €178,099 | €165,544 | -€12,555 | -7.0% |
| Financial charges | 65/66B | €361,098 | €387,681 | +€26,582 | +7.4% |
| Recurring financial charges | 65 | €361,098 | €387,681 | +€26,582 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €12,083 | -€3,779 | -€15,862 | |
| Profit (loss) for the period | 9904 | €12,083 | -€3,779 | -€15,862 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,083 | -€3,779 | -€15,862 |
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 23 October 2026 via checked.be.