OBEX CONSULT: 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.
OBEX CONSULT
Largest movements
- Receivables within one year +€76,472
up €76,472 (+364.8%), from €20,965 to €97,437
of which Trade receivables: +€76,472
- Cash +€43,646
up €43,646 (+53.4%), from €81,792 to €125,438
mainly Other debts (+€132,800) and Net result for the year (+€131,813)
- Tangible fixed assets -€3,667
down €3,667 (-10.4%), from €35,240 to €31,573
of which Other tangible fixed assets: -€4,383
- Other debts +€132,800
up €132,800 (+6431.0%), from €2,065 to €134,865
- Reserves -€54,986
down €54,986 (-46.0%), from €119,527 to €64,541
- Tax, wage and social debts +€21,892
up €21,892 (+148.5%), from €14,739 to €36,631
- Trade debts +€16,475
up €16,475 (+10296.9%), from €160 to €16,635
- Gross operating margin +€54,740
up €54,740 (+39.1%), from €140,162 to €194,902
- Taxes +€23,017
up €23,017 (+70.7%), from €32,548 to €55,565
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 | €138,991 | €257,699 | +€118,708 | +85.4% |
| Fixed assets | 21/28 | €35,240 | €31,573 | -€3,667 | -10.4% |
| Tangible fixed assets | 22/27 | €35,240 | €31,573 | -€3,667 | -10.4% |
| Furniture and vehicles | 24 | €3,054 | €3,770 | +€716 | +23.4% |
| Other tangible fixed assets | 26 | €32,186 | €27,803 | -€4,383 | -13.6% |
| Current assets | 29/58 | €103,751 | €226,126 | +€122,375 | +118.0% |
| Amounts receivable within one year | 40/41 | €20,965 | €97,437 | +€76,472 | +364.8% |
| Trade receivables | 40 | €18,513 | €94,985 | +€76,472 | +413.1% |
| Other amounts receivable | 41 | €2,452 | €2,452 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €81,792 | €125,438 | +€43,646 | +53.4% |
| Deferred charges and accrued income | 490/1 | €994 | €3,251 | +€2,257 | +227.1% |
| Total equity and liabilities | 10/49 | €138,991 | €257,699 | +€118,708 | +85.4% |
| Equity | 10/15 | €122,027 | €67,041 | -€54,986 | -45.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €119,527 | €64,541 | -€54,986 | -46.0% |
| Distributable reserves | 133 | €119,527 | €64,541 | -€54,986 | -46.0% |
| Amounts payable | 17/49 | €16,964 | €190,658 | +€173,694 | +1023.9% |
| Amounts payable within one year | 42/48 | €16,964 | €190,658 | +€173,694 | +1023.9% |
| Financial debts | 43 | - | €2,527 | +€2,527 | |
| Credit institutions | 430/8 | - | €2,527 | +€2,527 | |
| Trade debts | 44 | €160 | €16,635 | +€16,475 | +10296.9% |
| Suppliers | 440/4 | €160 | €16,635 | +€16,475 | +10296.9% |
| Taxes, remuneration and social security | 45 | €14,739 | €36,631 | +€21,892 | +148.5% |
| Taxes | 450/3 | €14,739 | €36,631 | +€21,892 | +148.5% |
| Other amounts payable | 47/48 | €2,065 | €134,865 | +€132,800 | +6431.0% |
| Non-recurring operating income | 76A | - | €2,620 | +€2,620 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,214 | €6,326 | -€1,888 | -23.0% |
| Other operating charges | 640/8 | €515 | €532 | +€17 | +3.3% |
| Gross operating margin | 9900 | €140,162 | €194,902 | +€54,740 | +39.1% |
| Operating profit (loss) | 9901 | €131,433 | €188,044 | +€56,611 | +43.1% |
| Financial charges | 65/66B | €248 | €666 | +€418 | +168.5% |
| Recurring financial charges | 65 | €248 | €666 | +€418 | +168.5% |
| Profit (loss) for the period before taxes | 9903 | €131,185 | €187,378 | +€56,193 | +42.8% |
| Income taxes | 67/77 | €32,548 | €55,565 | +€23,017 | +70.7% |
| Profit (loss) for the period | 9904 | €98,637 | €131,813 | +€33,176 | +33.6% |
| Profit (loss) for the period to be appropriated | 9905 | €98,637 | €131,813 | +€33,176 | +33.6% |
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 6 October 2026 via checked.be.