OBELDIAN: 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.
OBELDIAN
Largest movements
- Cash +€232,361
up €232,361 (+34.7%), from €669,702 to €902,063
mainly Net result for the year (+€757,595) and Other debts (+€710,231)
- Receivables within one year +€184,374
up €184,374 (+65.8%), from €280,220 to €464,594
of which Other amounts receivable: +€175,744
- Tangible fixed assets -€106,631
down €106,631 (-9.3%), from €1.1m to €1.0m
of which Plant, machinery and equipment: -€82,077
- Stocks and contracts +€83,821
up €83,821 (+105%), from €79,985 to €163,806
- Other debts +€710,231
up €710,231 (+154%), from €460,000 to €1.2m
- Reserves -€412,636
down €412,636 (-71.0%), from €581,036 to €168,400
of which Distributable reserves: -€412,636
- Debts after one year -€82,632
down €82,632 (-8.1%), from €1.0m to €937,794
- Tax, wage and social debts +€81,203
up €81,203 (+248%), from €32,755 to €113,958
of which Taxes: +€69,501
- Trade debts +€42,171
up €42,171 (+49.7%), from €84,888 to €127,059
- Staff costs +€101,593
up €101,593 (+53.9%), from €188,562 to €290,156
- Gross operating margin +€98,993
up €98,993 (+7.3%), from €1.4m to €1.4m
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 | €2,399,708 | €2,776,751 | +€377,043 | +15.7% |
| Fixed assets | 21/28 | €1,147,833 | €1,039,755 | -€108,079 | -9.4% |
| Intangible fixed assets | 21 | €3,552 | €2,104 | -€1,448 | -40.8% |
| Tangible fixed assets | 22/27 | €1,144,281 | €1,037,651 | -€106,631 | -9.3% |
| Land and buildings | 22 | €671,966 | €654,171 | -€17,795 | -2.6% |
| Plant, machinery and equipment | 23 | €454,232 | €372,155 | -€82,077 | -18.1% |
| Furniture and vehicles | 24 | €18,084 | €11,325 | -€6,759 | -37.4% |
| Current assets | 29/58 | €1,251,874 | €1,736,996 | +€485,121 | +38.8% |
| Stocks and contracts in progress | 3 | €79,985 | €163,806 | +€83,821 | +105% |
| Stocks | 30/36 | €79,985 | €163,806 | +€83,821 | +105% |
| Amounts receivable within one year | 40/41 | €280,220 | €464,594 | +€184,374 | +65.8% |
| Trade receivables | 40 | €7,910 | €16,540 | +€8,630 | +109% |
| Other amounts receivable | 41 | €272,310 | €448,054 | +€175,744 | +64.5% |
| Current investments | 50/53 | €200,000 | €200,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €669,702 | €902,063 | +€232,361 | +34.7% |
| Deferred charges and accrued income | 490/1 | €21,968 | €6,532 | -€15,436 | -70.3% |
| Total equity and liabilities | 10/49 | €2,399,708 | €2,776,751 | +€377,043 | +15.7% |
| Equity | 10/15 | €586,036 | €173,400 | -€412,636 | -70.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €581,036 | €168,400 | -€412,636 | -71.0% |
| Tax-exempt reserves | 132 | €168,400 | €168,400 | = | 0.0% |
| Distributable reserves | 133 | €412,636 | - | -€412,636 | |
| Amounts payable | 17/49 | €1,813,671 | €2,603,351 | +€789,679 | +43.5% |
| Amounts payable after more than one year | 17 | €1,020,426 | €937,794 | -€82,632 | -8.1% |
| Financial debts | 170/4 | €1,020,426 | €937,794 | -€82,632 | -8.1% |
| Amounts payable within one year | 42/48 | €784,940 | €1,663,357 | +€878,416 | +112% |
| Current portion of amounts payable after more than one year | 42 | €81,765 | €85,100 | +€3,335 | +4.1% |
| Financial debts | 43 | €125,532 | €167,008 | +€41,476 | +33.0% |
| Credit institutions | 430/8 | €125,532 | €167,008 | +€41,476 | +33.0% |
| Trade debts | 44 | €84,888 | €127,059 | +€42,171 | +49.7% |
| Suppliers | 440/4 | €84,888 | €127,059 | +€42,171 | +49.7% |
| Taxes, remuneration and social security | 45 | €32,755 | €113,958 | +€81,203 | +248% |
| Taxes | 450/3 | €2,399 | €71,900 | +€69,501 | +2,897% |
| Remuneration and social security | 454/9 | €30,356 | €42,058 | +€11,702 | +38.5% |
| Other amounts payable | 47/48 | €460,000 | €1,170,231 | +€710,231 | +154% |
| Accrued charges and deferred income | 492/3 | €8,305 | €2,200 | -€6,105 | -73.5% |
| Remuneration, social security and pensions | 62 | €188,562 | €290,156 | +€101,593 | +53.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,951 | €123,681 | -€1,270 | -1.0% |
| Other operating charges | 640/8 | €9,677 | €4,059 | -€5,618 | -58.1% |
| Gross operating margin | 9900 | €1,350,167 | €1,449,160 | +€98,993 | +7.3% |
| Operating profit (loss) | 9901 | €1,026,977 | €1,031,265 | +€4,287 | +0.4% |
| Financial income | 75/76B | €19,167 | €14,533 | -€4,634 | -24.2% |
| Recurring financial income | 75 | €19,167 | €14,533 | -€4,634 | -24.2% |
| Financial charges | 65/66B | €19,878 | €19,279 | -€598 | -3.0% |
| Recurring financial charges | 65 | €19,878 | €19,279 | -€598 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €1,026,267 | €1,026,519 | +€252 | 0.0% |
| Income taxes | 67/77 | €260,650 | €268,924 | +€8,274 | +3.2% |
| Profit (loss) for the period | 9904 | €765,617 | €757,595 | -€8,022 | -1.0% |
| Transfer to tax-exempt reserves | 689 | €168,400 | - | -€168,400 | |
| Profit (loss) for the period to be appropriated | 9905 | €597,217 | €757,595 | +€160,378 | +26.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.