OBEPALE: what changed
Two fiscal 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.
OBEPALE
Largest movements
- Tangible fixed assets -€26,837
down €26,837 (-10.2%), from €261,964 to €235,128
of which Land and buildings: -€19,504
- Cash -€11,734
down €11,734 (-10.7%), from €109,812 to €98,078
mainly Debts after one year (-€25,833) and Other debts (-€24,000)
- Receivables within one year +€4,174
up €4,174 (+11.4%), from €36,736 to €40,910
of which Other amounts receivable: +€11,028
- Debts after one year -€25,833
down €25,833 (-29.7%), from €86,859 to €61,026
- Other debts -€24,000
no longer reported in 2025 (was €24,000)
- Tax, wage and social debts +€11,582
up €11,582 (+581.8%), from €1,991 to €13,573
of which Taxes: +€11,983
- Short-term financial debts +€6,076
new in 2025: €6,076
- Gross operating margin -€75,751
down €75,751 (-52.2%), from €145,252 to €69,500
- Taxes -€28,138
down €28,138 (-78.9%), from €35,678 to €7,540
- Financial income -€12,098
down €12,098 (-93.6%), from €12,930 to €833
- Staff costs -€10,498
down €10,498 (-98.2%), from €10,690 to €192
- Depreciation -€2,519
down €2,519 (-7.1%), from €35,259 to €32,740
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.
Cash bridge derived
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 | €410,315 | €374,720 | -€35,594 | -8.7% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €261,989 | €235,153 | -€26,837 | -10.2% |
| Tangible fixed assets | 22/27 | €261,964 | €235,128 | -€26,837 | -10.2% |
| Land and buildings | 22 | €249,255 | €229,751 | -€19,504 | -7.8% |
| Furniture and vehicles | 24 | €12,709 | €5,377 | -€7,333 | -57.7% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €148,326 | €139,568 | -€8,758 | -5.9% |
| Amounts receivable within one year | 40/41 | €36,736 | €40,910 | +€4,174 | +11.4% |
| Trade receivables | 40 | €13,407 | €6,553 | -€6,855 | -51.1% |
| Other amounts receivable | 41 | €23,329 | €34,357 | +€11,028 | +47.3% |
| Cash at bank and in hand | 54/58 | €109,812 | €98,078 | -€11,734 | -10.7% |
| Deferred charges and accrued income | 490/1 | €1,777 | €580 | -€1,197 | -67.4% |
| Total equity and liabilities | 10/49 | €410,315 | €374,720 | -€35,594 | -8.7% |
| Equity | 10/15 | €260,579 | €261,352 | +€773 | +0.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €253,569 | €253,569 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,400 | €18,400 | = | 0.0% |
| Distributable reserves | 133 | €233,309 | €233,309 | = | 0.0% |
| Profit (loss) carried forward | 14 | €810 | €1,583 | +€773 | +95.4% |
| Amounts payable | 17/49 | €149,736 | €113,369 | -€36,367 | -24.3% |
| Amounts payable after more than one year | 17 | €86,859 | €61,026 | -€25,833 | -29.7% |
| Financial debts | 170/4 | €86,859 | €61,026 | -€25,833 | -29.7% |
| Amounts payable within one year | 42/48 | €62,876 | €51,806 | -€11,070 | -17.6% |
| Current portion of amounts payable after more than one year | 42 | €27,792 | €26,923 | -€869 | -3.1% |
| Financial debts | 43 | - | €6,076 | +€6,076 | |
| Credit institutions | 430/8 | - | €6,076 | +€6,076 | |
| Trade debts | 44 | €9,093 | €5,234 | -€3,859 | -42.4% |
| Suppliers | 440/4 | €9,093 | €5,234 | -€3,859 | -42.4% |
| Taxes, remuneration and social security | 45 | €1,991 | €13,573 | +€11,582 | +581.8% |
| Taxes | 450/3 | €1,590 | €13,573 | +€11,983 | +753.7% |
| Remuneration and social security | 454/9 | €401 | - | -€401 | |
| Other amounts payable | 47/48 | €24,000 | - | -€24,000 | |
| Accrued charges and deferred income | 492/3 | - | €536 | +€536 | |
| Remuneration, social security and pensions | 62 | €10,690 | €192 | -€10,498 | -98.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,259 | €32,740 | -€2,519 | -7.1% |
| Other operating charges | 640/8 | €1,226 | €1,683 | +€457 | +37.3% |
| Gross operating margin | 9900 | €145,252 | €69,500 | -€75,751 | -52.2% |
| Operating profit (loss) | 9901 | €98,077 | €34,885 | -€63,192 | -64.4% |
| Financial income | 75/76B | €12,930 | €833 | -€12,098 | -93.6% |
| Recurring financial income | 75 | €12,930 | €833 | -€12,098 | -93.6% |
| Financial charges | 65/66B | €5,043 | €6,404 | +€1,361 | +27.0% |
| Recurring financial charges | 65 | €5,043 | €6,404 | +€1,361 | +27.0% |
| Profit (loss) for the period before taxes | 9903 | €105,963 | €29,313 | -€76,650 | -72.3% |
| Income taxes | 67/77 | €35,678 | €7,540 | -€28,138 | -78.9% |
| Profit (loss) for the period | 9904 | €70,285 | €21,773 | -€48,512 | -69.0% |
| Profit (loss) for the period to be appropriated | 9905 | €70,285 | €21,773 | -€48,512 | -69.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.