OBEL Venture: 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.
OBEL Venture
Largest movements
- Cash -€53,685
down €53,685 (-74.4%), from €72,155 to €18,470
mainly Contributions, distributions and other (-€100,000) and Investment in fixed assets (net) (-€19,661)
- Receivables within one year +€16,102
new in 2026: €16,102
- Tangible fixed assets +€7,677
up €7,677 (+5.1%), from €150,275 to €157,952
of which Plant, machinery and equipment: +€16,315
- Profit (loss) carried forward -€36,824
down €36,824 (-18.6%), from €197,900 to €161,076
- Other debts +€13,489
up €13,489 (+325%), from €4,156 to €17,645
- Tax, wage and social debts -€7,079
down €7,079 (-46.0%), from €15,386 to €8,307
- Other operating charges -€17,328
no longer reported in 2026 (was €17,328)
- Gross operating margin +€13,078
up €13,078 (+16.5%), from €79,033 to €92,111
- Depreciation +€8,119
up €8,119 (+210%), from €3,865 to €11,984
- Taxes +€4,589
up €4,589 (+37.2%), from €12,321 to €16,910
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €222,773 | €192,524 | -€30,249 | -13.6% |
| Fixed assets | 21/28 | €150,275 | €157,952 | +€7,677 | +5.1% |
| Tangible fixed assets | 22/27 | €150,275 | €157,952 | +€7,677 | +5.1% |
| Land and buildings | 22 | €145,098 | €137,783 | -€7,315 | -5.0% |
| Plant, machinery and equipment | 23 | €3,743 | €20,058 | +€16,315 | +436% |
| Furniture and vehicles | 24 | €824 | - | -€824 | |
| Other tangible fixed assets | 26 | €611 | €111 | -€500 | -81.8% |
| Current assets | 29/58 | €72,498 | €34,572 | -€37,926 | -52.3% |
| Amounts receivable within one year | 40/41 | - | €16,102 | +€16,102 | |
| Trade receivables | 40 | - | €16,102 | +€16,102 | |
| Cash at bank and in hand | 54/58 | €72,155 | €18,470 | -€53,685 | -74.4% |
| Deferred charges and accrued income | 490/1 | €343 | - | -€343 | |
| Total equity and liabilities | 10/49 | €222,773 | €192,524 | -€30,249 | -13.6% |
| Equity | 10/15 | €200,900 | €164,076 | -€36,824 | -18.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €197,900 | €161,076 | -€36,824 | -18.6% |
| Amounts payable | 17/49 | €21,873 | €28,448 | +€6,575 | +30.1% |
| Amounts payable within one year | 42/48 | €21,873 | €28,448 | +€6,575 | +30.1% |
| Trade debts | 44 | €2,331 | €2,496 | +€165 | +7.1% |
| Suppliers | 440/4 | €2,331 | €2,496 | +€165 | +7.1% |
| Taxes, remuneration and social security | 45 | €15,386 | €8,307 | -€7,079 | -46.0% |
| Taxes | 450/3 | €15,386 | €8,307 | -€7,079 | -46.0% |
| Other amounts payable | 47/48 | €4,156 | €17,645 | +€13,489 | +325% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,865 | €11,984 | +€8,119 | +210% |
| Other operating charges | 640/8 | €17,328 | - | -€17,328 | |
| Gross operating margin | 9900 | €79,033 | €92,111 | +€13,078 | +16.5% |
| Operating profit (loss) | 9901 | €57,840 | €80,127 | +€22,287 | +38.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €44 | €41 | -€3 | -6.0% |
| Recurring financial charges | 65 | €44 | €41 | -€3 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €57,796 | €80,086 | +€22,289 | +38.6% |
| Income taxes | 67/77 | €12,321 | €16,910 | +€4,589 | +37.2% |
| Profit (loss) for the period | 9904 | €45,475 | €63,176 | +€17,700 | +38.9% |
| Profit (loss) for the period to be appropriated | 9905 | €45,475 | €63,176 | +€17,700 | +38.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.