OBJECTIVE BELGIUM: 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.
What changed
OBJECTIVE BELGIUM
NACE 62.100, Computer programming
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€972,580
2024 · -€234,453+€1.2m
Equity
€4.9m
2024 · €3.9m+€972,580
Cash
€219,014
2024 · €220,813-€1,799
Balance sheet total
€33.0m
2024 · €21.6m+€11.4m
Largest movements
Assets
- Receivables within one year +€11.5m
up €11.5m (+61.7%), from €18.7m to €30.2m
of which Other amounts receivable: +€10.9m
Equity and liabilities
- Trade debts +€7.9m
up €7.9m (+59.6%), from €13.2m to €21.1m
- Other debts +€3.1m
new in 2025: €3.1m
- Profit (loss) carried forward +€972,580
up €972,580 (+74.7%), from €1.3m to €2.3m
- Tax, wage and social debts -€422,779
down €422,779 (-33.1%), from €1.3m to €852,692
of which Taxes: -€326,182
Income statement
- Gross operating margin +€3.9m
new in 2025: €3.9m
- Goods and materials -€3.1m
no longer reported in 2025 (was €3.1m)
- Services and other goods -€2.4m
no longer reported in 2025 (was €2.4m)
- Turnover -€1.2m
down €1.2m (-12.3%), from €9.4m to €8.2m
- Staff costs -€795,157
down €795,157 (-24.4%), from €3.3m to €2.5m
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.
Result 2024
-€234,453
Turnover
-€1.2m
Other operating income
-€136,930
Goods and materials
+€3.1m
Services and other goods
+€2.4m
Staff costs
+€795,157
Depreciation
-€178
Write-downs
+€531,351
Other operating charges
+€3,483
Other operating items
-€4.3m
Financial income
+€30,124
Financial charges
-€55,197
Taxes
-€11,226
Result 2025
€972,580
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€75,400
Investment
-€3,517
Financing
-€73,682
Cash 2024
€220,813
From operations (derived)
+€75,400
Net result for the year
+€972,580
Depreciation
+€88,190
Receivables within one year
-€11.5m
Deferred charges and accrued income
+€35,057
Trade debts
+€7.9m
Tax, wage and social debts
-€422,779
Other debts
+€3.1m
Accrued charges and deferred income
-€31,887
Investment (derived)
-€3,517
Investment in fixed assets (net)
-€3,506
Current investments
-€11
Financing
-€73,682
Debts after one year
-€74,733
Current portion of long-term debt
+€1,051
Cash 2025
€219,014
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,579,517 | €32,969,093 | +€11.4m | +52.8% |
| Fixed assets | 21/28 | €2,606,555 | €2,521,871 | -€84,684 | -3.2% |
| Tangible fixed assets | 22/27 | €627,205 | €542,521 | -€84,684 | -13.5% |
| Plant, machinery and equipment | 23 | €607 | €3,311 | +€2,704 | +445% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Leasing and similar rights | 25 | €626,598 | €539,149 | -€87,449 | -14.0% |
| Other tangible fixed assets | 26 | - | €60 | +€60 | |
| Financial fixed assets | 28 | €1,979,350 | €1,979,350 | = | 0.0% |
| Affiliated companies | 280/1 | €1,975,000 | - | -€2.0m | |
| Amounts receivable | 281 | €1,975,000 | - | -€2.0m | |
| Other financial fixed assets | 284/8 | €4,350 | - | -€4,350 | |
| Amounts receivable and cash guarantees | 285/8 | €4,350 | - | -€4,350 | |
| Current assets | 29/58 | €18,972,962 | €30,447,223 | +€11.5m | +60.5% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €18,653,761 | €30,164,867 | +€11.5m | +61.7% |
| Trade receivables | 40 | €3,554,791 | €4,198,114 | +€643,322 | +18.1% |
| Other amounts receivable | 41 | €15,098,970 | €25,966,754 | +€10.9m | +72.0% |
| Current investments | 50/53 | €2,689 | €2,700 | +€11 | +0.4% |
| Other investments | 51/53 | €2,689 | - | -€2,689 | |
| Cash at bank and in hand | 54/58 | €220,813 | €219,014 | -€1,799 | -0.8% |
| Deferred charges and accrued income | 490/1 | €95,698 | €60,641 | -€35,057 | -36.6% |
| Total equity and liabilities | 10/49 | €21,579,517 | €32,969,093 | +€11.4m | +52.8% |
| Equity | 10/15 | €3,880,936 | €4,853,516 | +€972,580 | +25.1% |
| Contributions | 10/11 | €150,021 | €150,021 | = | 0.0% |
| Reserves | 13 | €2,429,147 | €2,429,147 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,002 | €15,002 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,002 | €15,002 | = | 0.0% |
| Distributable reserves | 133 | €2,414,145 | €2,414,145 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,301,768 | €2,274,348 | +€972,580 | +74.7% |
| Amounts payable | 17/49 | €17,698,581 | €28,115,577 | +€10.4m | +58.9% |
| Amounts payable after more than one year | 17 | €484,926 | €410,193 | -€74,733 | -15.4% |
| Financial debts | 170/4 | €484,926 | €410,193 | -€74,733 | -15.4% |
| Leasing and similar obligations | 172 | €484,926 | - | -€484,926 | |
| Amounts payable within one year | 42/48 | €14,543,333 | €25,066,949 | +€10.5m | +72.4% |
| Current portion of amounts payable after more than one year | 42 | €73,682 | €74,733 | +€1,051 | +1.4% |
| Trade debts | 44 | €13,194,180 | €21,064,285 | +€7.9m | +59.6% |
| Suppliers | 440/4 | €13,194,180 | €21,064,285 | +€7.9m | +59.6% |
| Taxes, remuneration and social security | 45 | €1,275,471 | €852,692 | -€422,779 | -33.1% |
| Taxes | 450/3 | €914,293 | €588,111 | -€326,182 | -35.7% |
| Remuneration and social security | 454/9 | €361,178 | €264,580 | -€96,597 | -26.7% |
| Other amounts payable | 47/48 | - | €3,075,239 | +€3.1m | |
| Accrued charges and deferred income | 492/3 | €2,670,323 | €2,638,436 | -€31,887 | -1.2% |
| Operating income | 70/76A | €9,515,925 | - | -€9.5m | |
| Turnover | 70 | €9,378,996 | €8,223,695 | -€1.2m | -12.3% |
| Other operating income | 74 | €136,930 | - | -€136,930 | |
| Operating charges | 60/66A | €9,076,493 | - | -€9.1m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €4,672,589 | +€4.7m | |
| Goods for resale, raw materials and consumables | 60 | €3,135,459 | - | -€3.1m | |
| Purchases | 600/8 | €3,135,459 | - | -€3.1m | |
| Services and other goods | 61 | €2,386,032 | - | -€2.4m | |
| Remuneration, social security and pensions | 62 | €3,263,585 | €2,468,428 | -€795,157 | -24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,012 | €88,190 | +€178 | +0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €196,342 | -€335,009 | -€531,351 | |
| Other operating charges | 640/8 | €7,063 | €3,581 | -€3,483 | -49.3% |
| Gross operating margin | 9900 | - | €3,907,955 | +€3.9m | |
| Operating profit (loss) | 9901 | €439,432 | €1,682,765 | +€1.2m | +283% |
| Financial income | 75/76B | €284,491 | €314,615 | +€30,124 | +10.6% |
| Recurring financial income | 75 | €284,491 | €314,615 | +€30,124 | +10.6% |
| Income from financial fixed assets | 750 | €29 | - | -€29 | |
| Income from current assets | 751 | €284,463 | - | -€284,463 | |
| Financial charges | 65/66B | €651,716 | €706,913 | +€55,197 | +8.5% |
| Recurring financial charges | 65 | €651,716 | €706,913 | +€55,197 | +8.5% |
| Debt charges | 650 | €637,412 | - | -€637,412 | |
| Other financial charges | 652/9 | €14,305 | - | -€14,305 | |
| Profit (loss) for the period before taxes | 9903 | €72,207 | €1,290,467 | +€1.2m | +1,687% |
| Income taxes | 67/77 | €306,660 | €317,887 | +€11,226 | +3.7% |
| Taxes | 670/3 | €306,660 | - | -€306,660 | |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€234,453 | €972,580 | +€1.2m | |
| Profit (loss) for the period to be appropriated | 9905 | -€234,453 | €972,580 | +€1.2m |
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 31 October 2026 via checked.be.