OBEY: 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.
OBEY
Largest movements
- Tangible fixed assets -€58,635
down €58,635 (-40.4%), from €145,150 to €86,515
of which Land and buildings: -€45,213
- Stocks and contracts +€33,495
up €33,495 (+20.4%), from €163,805 to €197,300
- Profit (loss) carried forward -€25,774
down €25,774 (-456.2%), from -€5,650 to -€31,424
- Trade debts +€20,400
up €20,400 (+37.3%), from €54,632 to €75,032
- Debts after one year -€11,221
down €11,221 (-79.9%), from €14,046 to €2,825
- Current portion of long-term debt -€10,743
down €10,743 (-10.4%), from €103,687 to €92,944
- Tax, wage and social debts +€6,466
up €6,466 (+28.2%), from €22,922 to €29,388
of which Taxes: +€6,087
- Depreciation -€36,492
down €36,492 (-62.1%), from €58,718 to €22,226
- Financial charges +€35,677
up €35,677 (+516.1%), from €6,913 to €42,589
of which Non-recurring financial charges: +€37,897
- Gross operating margin -€22,571
down €22,571 (-16.2%), from €139,724 to €117,153
- Staff costs -€8,646
down €8,646 (-10.5%), from €82,618 to €73,972
- Financial income -€7,251
down €7,251 (-89.9%), from €8,066 to €815
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 | €533,176 | €512,716 | -€20,460 | -3.8% |
| Fixed assets | 21/28 | €154,248 | €95,613 | -€58,635 | -38.0% |
| Tangible fixed assets | 22/27 | €145,150 | €86,515 | -€58,635 | -40.4% |
| Land and buildings | 22 | €47,254 | €2,041 | -€45,213 | -95.7% |
| Furniture and vehicles | 24 | €41,786 | €23,214 | -€18,571 | -44.4% |
| Other tangible fixed assets | 26 | €56,110 | €61,259 | +€5,150 | +9.2% |
| Financial fixed assets | 28 | €9,099 | €9,099 | = | 0.0% |
| Current assets | 29/58 | €378,928 | €417,102 | +€38,175 | +10.1% |
| Stocks and contracts in progress | 3 | €163,805 | €197,300 | +€33,495 | +20.4% |
| Stocks | 30/36 | €163,805 | €197,300 | +€33,495 | +20.4% |
| Amounts receivable within one year | 40/41 | €92,400 | €96,965 | +€4,566 | +4.9% |
| Trade receivables | 40 | €74,148 | €78,704 | +€4,557 | +6.1% |
| Other amounts receivable | 41 | €18,252 | €18,261 | +€9 | 0.0% |
| Cash at bank and in hand | 54/58 | €117,885 | €118,194 | +€308 | +0.3% |
| Deferred charges and accrued income | 490/1 | €4,837 | €4,643 | -€194 | -4.0% |
| Total equity and liabilities | 10/49 | €533,176 | €512,716 | -€20,460 | -3.8% |
| Equity | 10/15 | €297,434 | €271,660 | -€25,774 | -8.7% |
| Contributions | 10/11 | €273,552 | €273,552 | = | 0.0% |
| Capital | 10 | €273,552 | €273,552 | = | 0.0% |
| Issued capital | 100 | €273,552 | €273,552 | = | 0.0% |
| Reserves | 13 | €29,532 | €29,532 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,241 | €24,241 | = | 0.0% |
| Legal reserve | 130 | €24,241 | €24,241 | = | 0.0% |
| Distributable reserves | 133 | €5,291 | €5,291 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,650 | -€31,424 | -€25,774 | -456.2% |
| Amounts payable | 17/49 | €235,742 | €241,055 | +€5,313 | +2.3% |
| Amounts payable after more than one year | 17 | €14,046 | €2,825 | -€11,221 | -79.9% |
| Financial debts | 170/4 | €14,046 | €2,825 | -€11,221 | -79.9% |
| Amounts payable within one year | 42/48 | €221,696 | €238,197 | +€16,502 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | €103,687 | €92,944 | -€10,743 | -10.4% |
| Trade debts | 44 | €54,632 | €75,032 | +€20,400 | +37.3% |
| Suppliers | 440/4 | €54,632 | €75,032 | +€20,400 | +37.3% |
| Advances received on contracts in progress | 46 | - | €1,879 | +€1,879 | |
| Taxes, remuneration and social security | 45 | €22,922 | €29,388 | +€6,466 | +28.2% |
| Taxes | 450/3 | €6,299 | €12,386 | +€6,087 | +96.6% |
| Remuneration and social security | 454/9 | €16,624 | €17,002 | +€379 | +2.3% |
| Other amounts payable | 47/48 | €40,454 | €38,954 | -€1,500 | -3.7% |
| Accrued charges and deferred income | 492/3 | - | €33 | +€33 | |
| Non-recurring operating income | 76A | €25,675 | €442 | -€25,233 | -98.3% |
| Remuneration, social security and pensions | 62 | €82,618 | €73,972 | -€8,646 | -10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,718 | €22,226 | -€36,492 | -62.1% |
| Other operating charges | 640/8 | €4,746 | €4,466 | -€281 | -5.9% |
| Gross operating margin | 9900 | €139,724 | €117,153 | -€22,571 | -16.2% |
| Operating profit (loss) | 9901 | -€6,359 | €16,489 | +€22,848 | |
| Financial income | 75/76B | €8,066 | €815 | -€7,251 | -89.9% |
| Recurring financial income | 75 | €8,066 | €815 | -€7,251 | -89.9% |
| Financial charges | 65/66B | €6,913 | €42,589 | +€35,677 | +516.1% |
| Recurring financial charges | 65 | €6,913 | €4,693 | -€2,220 | -32.1% |
| Non-recurring financial charges | 66B | - | €37,897 | +€37,897 | |
| Profit (loss) for the period before taxes | 9903 | -€5,206 | -€25,285 | -€20,080 | -385.7% |
| Income taxes | 67/77 | €444 | €488 | +€44 | +9.8% |
| Profit (loss) for the period | 9904 | -€5,650 | -€25,774 | -€20,124 | -356.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,650 | -€25,774 | -€20,124 | -356.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.