OBELISK: what changed
What changed
OBELISK
NACE 85.599, Other education
filed annual accounts (NBB)
Net result for the year
€19,610
2024 · €254,732-€235,123
Equity
-€213,608
2024 · -€233,217+€19,610
Cash
€220,188
2024 · €221,068-€880
Balance sheet total
€1.1m
2024 · €1.4m-€275,906
Largest movements
Assets
- Receivables within one year -€237,175
down €237,175 (-28.9%), from €821,170 to €583,995
of which Trade receivables: -€179,376
- Stocks and contracts -€32,716
down €32,716 (-90.1%), from €36,315 to €3,599
Equity and liabilities
- Accrued charges and deferred income -€226,350
down €226,350 (-58.4%), from €387,440 to €161,090
- Current portion of long-term debt -€150,000
down €150,000 (-100%), from €150,000 to €0
- Short-term financial debts +€74,417
up €74,417 (+18.5%), from €402,741 to €477,158
- Profit (loss) carried forward +€19,610
up €19,610 (+6.5%), from -€300,867 to -€281,258
Income statement
- Gross operating margin -€180,119
down €180,119 (-11.9%), from €1.5m to €1.3m
- Staff costs +€89,885
up €89,885 (+7.9%), from €1.1m to €1.2m
- Other operating charges -€36,652
down €36,652 (-61.4%), from €59,677 to €23,025
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€254,732
Gross operating margin
-€180,119
Staff costs
-€89,885
Depreciation
-€6,995
Write-downs
+€1,815
Other operating charges
+€36,652
Other operating items
-€1,170
Financial income
+€32
Financial charges
+€4,629
Taxes
-€81
Result 2025
€19,610
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€88,730
Investment
-€14,027
Financing
-€75,583
Cash 2024
€221,068
From operations (derived)
+€88,730
Net result for the year
+€19,610
Depreciation
+€26,019
Stocks and contracts
+€32,716
Receivables within one year
+€237,175
Deferred charges and accrued income
-€6,857
Trade debts
-€6,384
Tax, wage and social debts
+€12,800
Accrued charges and deferred income
-€226,350
Investment (derived)
-€14,027
Investment in fixed assets (net)
-€14,027
Financing
-€75,583
Current portion of long-term debt
-€150,000
Short-term financial debts
+€74,417
Cash 2025
€220,188
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,382,775 | €1,106,869 | -€275,906 | -20.0% |
| Fixed assets | 21/28 | €265,313 | €253,321 | -€11,992 | -4.5% |
| Intangible fixed assets | 21 | €28,401 | €17,700 | -€10,701 | -37.7% |
| Tangible fixed assets | 22/27 | €221,027 | €219,680 | -€1,347 | -0.6% |
| Plant, machinery and equipment | 23 | €28,914 | €27,477 | -€1,436 | -5.0% |
| Furniture and vehicles | 24 | €187,002 | €188,615 | +€1,613 | +0.9% |
| Other tangible fixed assets | 26 | €5,111 | €3,588 | -€1,524 | -29.8% |
| Financial fixed assets | 28 | €15,886 | €15,942 | +€56 | +0.4% |
| Current assets | 29/58 | €1,117,462 | €853,548 | -€263,914 | -23.6% |
| Stocks and contracts in progress | 3 | €36,315 | €3,599 | -€32,716 | -90.1% |
| Contracts in progress | 37 | €36,315 | €3,599 | -€32,716 | -90.1% |
| Amounts receivable within one year | 40/41 | €821,170 | €583,995 | -€237,175 | -28.9% |
| Trade receivables | 40 | €652,097 | €472,720 | -€179,376 | -27.5% |
| Other amounts receivable | 41 | €169,074 | €111,275 | -€57,799 | -34.2% |
| Cash at bank and in hand | 54/58 | €221,068 | €220,188 | -€880 | -0.4% |
| Deferred charges and accrued income | 490/1 | €38,909 | €45,766 | +€6,857 | +17.6% |
| Total equity and liabilities | 10/49 | €1,382,775 | €1,106,869 | -€275,906 | -20.0% |
| Equity | 10/15 | -€233,217 | -€213,608 | +€19,610 | +8.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€300,867 | -€281,258 | +€19,610 | +6.5% |
| Amounts payable | 17/49 | €1,615,993 | €1,320,477 | -€295,516 | -18.3% |
| Amounts payable within one year | 42/48 | €1,228,553 | €1,159,387 | -€69,166 | -5.6% |
| Current portion of amounts payable after more than one year | 42 | €150,000 | €0 | -€150,000 | -100% |
| Financial debts | 43 | €402,741 | €477,158 | +€74,417 | +18.5% |
| Credit institutions | 430/8 | €402,741 | €477,158 | +€74,417 | +18.5% |
| Trade debts | 44 | €456,542 | €450,158 | -€6,384 | -1.4% |
| Suppliers | 440/4 | €456,542 | €450,158 | -€6,384 | -1.4% |
| Taxes, remuneration and social security | 45 | €219,270 | €232,070 | +€12,800 | +5.8% |
| Taxes | 450/3 | €77,512 | €62,201 | -€15,311 | -19.8% |
| Remuneration and social security | 454/9 | €141,757 | €169,869 | +€28,111 | +19.8% |
| Accrued charges and deferred income | 492/3 | €387,440 | €161,090 | -€226,350 | -58.4% |
| Non-recurring operating income | 76A | €26,859 | €6,155 | -€20,704 | -77.1% |
| Remuneration, social security and pensions | 62 | €1,134,317 | €1,224,203 | +€89,885 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,023 | €26,019 | +€6,995 | +36.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€188 | -€2,003 | -€1,815 | -967% |
| Other operating charges | 640/8 | €59,677 | €23,025 | -€36,652 | -61.4% |
| Non-recurring operating charges | 66A | - | €1,170 | +€1,170 | |
| Gross operating margin | 9900 | €1,508,207 | €1,328,088 | -€180,119 | -11.9% |
| Operating profit (loss) | 9901 | €295,378 | €55,675 | -€239,703 | -81.2% |
| Financial income | 75/76B | €37 | €69 | +€32 | +85.6% |
| Recurring financial income | 75 | €37 | €69 | +€32 | +85.6% |
| Financial charges | 65/66B | €37,264 | €32,635 | -€4,629 | -12.4% |
| Recurring financial charges | 65 | €37,264 | €32,635 | -€4,629 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €258,151 | €23,110 | -€235,041 | -91.0% |
| Income taxes | 67/77 | €3,419 | €3,500 | +€81 | +2.4% |
| Profit (loss) for the period | 9904 | €254,732 | €19,610 | -€235,123 | -92.3% |
| Profit (loss) for the period to be appropriated | 9905 | €254,732 | €19,610 | -€235,123 | -92.3% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.