OBJECTIF MANAGEMENT: 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.
OBJECTIF MANAGEMENT
Largest movements
- Receivables within one year -€55,285
down €55,285 (-76.2%), from €72,545 to €17,260
of which Trade receivables: -€31,702
- Tangible fixed assets +€13,044
up €13,044 (+217.0%), from €6,010 to €19,054
of which Furniture and vehicles: +€14,251
- Cash +€2,675
up €2,675 (+29.2%), from €9,169 to €11,844
mainly Receivables within one year (+€55,285) and Net result for the year (+€28,858)
- Tax, wage and social debts -€13,822
down €13,822 (-54.8%), from €25,245 to €11,423
of which Taxes: -€14,322
- Other debts -€13,685
down €13,685 (-36.1%), from €37,910 to €24,225
- Trade debts -€12,283
down €12,283 (-79.0%), from €15,549 to €3,266
- Gross operating margin -€21,052
down €21,052 (-33.9%), from €62,047 to €40,995
- Taxes -€4,762
down €4,762 (-35.2%), from €13,521 to €8,759
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 | €87,986 | €48,555 | -€39,431 | -44.8% |
| Fixed assets | 21/28 | €6,010 | €19,054 | +€13,044 | +217.0% |
| Tangible fixed assets | 22/27 | €6,010 | €19,054 | +€13,044 | +217.0% |
| Plant, machinery and equipment | 23 | €2,788 | €1,581 | -€1,207 | -43.3% |
| Furniture and vehicles | 24 | €3,222 | €17,474 | +€14,251 | +442.3% |
| Current assets | 29/58 | €81,976 | €29,501 | -€52,475 | -64.0% |
| Amounts receivable within one year | 40/41 | €72,545 | €17,260 | -€55,285 | -76.2% |
| Trade receivables | 40 | €41,984 | €10,282 | -€31,702 | -75.5% |
| Other amounts receivable | 41 | €30,561 | €6,979 | -€23,583 | -77.2% |
| Cash at bank and in hand | 54/58 | €9,169 | €11,844 | +€2,675 | +29.2% |
| Deferred charges and accrued income | 490/1 | €262 | €396 | +€134 | +51.3% |
| Total equity and liabilities | 10/49 | €87,986 | €48,555 | -€39,431 | -44.8% |
| Equity | 10/15 | €9,282 | €9,641 | +€358 | +3.9% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €9,258 | €9,258 | = | 0.0% |
| Distributable reserves | 133 | €9,258 | €9,258 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24 | €382 | +€358 | +1521.7% |
| Amounts payable | 17/49 | €78,704 | €38,915 | -€39,789 | -50.6% |
| Amounts payable within one year | 42/48 | €78,704 | €38,915 | -€39,789 | -50.6% |
| Trade debts | 44 | €15,549 | €3,266 | -€12,283 | -79.0% |
| Suppliers | 440/4 | €15,549 | €3,266 | -€12,283 | -79.0% |
| Taxes, remuneration and social security | 45 | €25,245 | €11,423 | -€13,822 | -54.8% |
| Taxes | 450/3 | €25,245 | €10,923 | -€14,322 | -56.7% |
| Remuneration and social security | 454/9 | - | €500 | +€500 | |
| Other amounts payable | 47/48 | €37,910 | €24,225 | -€13,685 | -36.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,482 | €3,950 | -€532 | -11.9% |
| Other operating charges | 640/8 | €601 | €246 | -€355 | -59.1% |
| Gross operating margin | 9900 | €62,047 | €40,995 | -€21,052 | -33.9% |
| Operating profit (loss) | 9901 | €56,964 | €36,799 | -€20,165 | -35.4% |
| Financial income | 75/76B | €1,416 | €1,017 | -€399 | -28.2% |
| Recurring financial income | 75 | €1,416 | €1,017 | -€399 | -28.2% |
| Financial charges | 65/66B | €273 | €199 | -€74 | -27.0% |
| Recurring financial charges | 65 | €273 | €199 | -€74 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €58,107 | €37,617 | -€20,490 | -35.3% |
| Income taxes | 67/77 | €13,521 | €8,759 | -€4,762 | -35.2% |
| Profit (loss) for the period | 9904 | €44,587 | €28,858 | -€15,729 | -35.3% |
| Profit (loss) for the period to be appropriated | 9905 | €44,587 | €28,858 | -€15,729 | -35.3% |
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 10 October 2026 via checked.be.