OBELIOS: 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.
OBELIOS
Largest movements
- Stocks and contracts -€945,415
down €945,415 (-77.1%), from €1.2m to €281,250
- Tangible fixed assets +€936,982
up €936,982 (+90.5%), from €1.0m to €2.0m
of which Land and buildings: +€937,898
- Receivables within one year -€73,429
down €73,429 (-66.1%), from €111,016 to €37,587
of which Trade receivables: -€57,921
- Financial fixed assets +€67,327
up €67,327 (+10.0%), from €670,566 to €737,893
- Other debts -€750,424
down €750,424 (-67.2%), from €1.1m to €366,638
- Debts after one year +€499,377
up €499,377 (+84.9%), from €588,150 to €1.1m
- Reserves +€289,261
up €289,261 (+29.5%), from €980,098 to €1.3m
of which Distributable reserves: +€289,261
- Tax, wage and social debts +€90,411
up €90,411 (+242%), from €37,379 to €127,790
- Trade debts -€86,071
down €86,071 (-95.6%), from €90,017 to €3,945
- Gross operating margin +€139,996
up €139,996 (+90.7%), from €154,398 to €294,394
- Financial income -€28,331
down €28,331 (-16.9%), from €167,224 to €138,893
- Financial charges -€14,770
down €14,770 (-56.9%), from €25,974 to €11,204
- Taxes +€13,944
up €13,944 (+31.3%), from €44,570 to €58,514
- Depreciation +€6,940
up €6,940 (+12.9%), from €53,984 to €60,925
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 | €3,060,472 | €3,049,731 | -€10,740 | -0.4% |
| Fixed assets | 21/28 | €1,706,342 | €2,710,651 | +€1.0m | +58.9% |
| Tangible fixed assets | 22/27 | €1,035,776 | €1,972,758 | +€936,982 | +90.5% |
| Land and buildings | 22 | €1,033,932 | €1,971,830 | +€937,898 | +90.7% |
| Plant, machinery and equipment | 23 | €1,844 | €928 | -€917 | -49.7% |
| Financial fixed assets | 28 | €670,566 | €737,893 | +€67,327 | +10.0% |
| Current assets | 29/58 | €1,354,130 | €339,080 | -€1.0m | -75.0% |
| Stocks and contracts in progress | 3 | €1,226,665 | €281,250 | -€945,415 | -77.1% |
| Stocks | 30/36 | €1,226,665 | €281,250 | -€945,415 | -77.1% |
| Amounts receivable within one year | 40/41 | €111,016 | €37,587 | -€73,429 | -66.1% |
| Trade receivables | 40 | €95,421 | €37,500 | -€57,921 | -60.7% |
| Other amounts receivable | 41 | €15,596 | €87 | -€15,508 | -99.4% |
| Cash at bank and in hand | 54/58 | - | €18,049 | +€18,049 | |
| Deferred charges and accrued income | 490/1 | €16,449 | €2,195 | -€14,254 | -86.7% |
| Total equity and liabilities | 10/49 | €3,060,472 | €3,049,731 | -€10,740 | -0.4% |
| Equity | 10/15 | €1,133,698 | €1,422,959 | +€289,261 | +25.5% |
| Contributions | 10/11 | €153,600 | €153,600 | = | 0.0% |
| Reserves | 13 | €980,098 | €1,269,359 | +€289,261 | +29.5% |
| Non-distributable reserves | 130/1 | €15,360 | €15,360 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,360 | €15,360 | = | 0.0% |
| Distributable reserves | 133 | €964,738 | €1,253,999 | +€289,261 | +30.0% |
| Amounts payable | 17/49 | €1,926,774 | €1,626,772 | -€300,001 | -15.6% |
| Amounts payable after more than one year | 17 | €588,150 | €1,087,526 | +€499,377 | +84.9% |
| Financial debts | 170/4 | €588,150 | €1,087,526 | +€499,377 | +84.9% |
| Amounts payable within one year | 42/48 | €1,333,759 | €534,379 | -€799,379 | -59.9% |
| Current portion of amounts payable after more than one year | 42 | €84,214 | €36,006 | -€48,208 | -57.2% |
| Financial debts | 43 | €5,086 | - | -€5,086 | |
| Credit institutions | 430/8 | €5,086 | - | -€5,086 | |
| Trade debts | 44 | €90,017 | €3,945 | -€86,071 | -95.6% |
| Suppliers | 440/4 | €90,017 | €3,945 | -€86,071 | -95.6% |
| Taxes, remuneration and social security | 45 | €37,379 | €127,790 | +€90,411 | +242% |
| Taxes | 450/3 | €37,379 | €127,790 | +€90,411 | +242% |
| Other amounts payable | 47/48 | €1,117,062 | €366,638 | -€750,424 | -67.2% |
| Accrued charges and deferred income | 492/3 | €4,866 | €4,867 | +€1 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,984 | €60,925 | +€6,940 | +12.9% |
| Other operating charges | 640/8 | €13,229 | €13,384 | +€155 | +1.2% |
| Gross operating margin | 9900 | €154,398 | €294,394 | +€139,996 | +90.7% |
| Operating profit (loss) | 9901 | €87,184 | €220,085 | +€132,901 | +152% |
| Financial income | 75/76B | €167,224 | €138,893 | -€28,331 | -16.9% |
| Recurring financial income | 75 | €167,224 | €138,893 | -€28,331 | -16.9% |
| Financial charges | 65/66B | €25,974 | €11,204 | -€14,770 | -56.9% |
| Recurring financial charges | 65 | €25,974 | €11,204 | -€14,770 | -56.9% |
| Profit (loss) for the period before taxes | 9903 | €228,435 | €347,775 | +€119,340 | +52.2% |
| Income taxes | 67/77 | €44,570 | €58,514 | +€13,944 | +31.3% |
| Profit (loss) for the period | 9904 | €183,865 | €289,261 | +€105,397 | +57.3% |
| Profit (loss) for the period to be appropriated | 9905 | €183,865 | €289,261 | +€105,397 | +57.3% |
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 27 October 2026 via checked.be.