OBJECTIVE-HEALTH: 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.
OBJECTIVE-HEALTH
Largest movements
- Cash -€4,302
down €4,302 (-20.1%), from €21,425 to €17,123
mainly Net result for the year (-€9,210) and Other debts (-€2,657)
- Current investments +€984
up €984 (+11.7%), from €8,378 to €9,361
- Tangible fixed assets -€979
down €979 (-39.9%), from €2,452 to €1,473
of which Furniture and vehicles: -€979
- Deferred charges and accrued income -€524
down €524 (-13.3%), from €3,939 to €3,415
- Profit (loss) carried forward -€9,210
down €9,210 (-50.7%), from -€18,181 to -€27,391
- Trade debts +€6,777
up €6,777 (+9835.8%), from €69 to €6,846
- Other debts -€2,657
down €2,657 (-19.4%), from €13,668 to €11,012
- Gross operating margin -€10,315
down €10,315, from €8,340 to -€1,975
- Financial charges +€7,087
up €7,087 (+278.9%), from €2,541 to €9,628
- Depreciation -€5,600
down €5,600 (-85.1%), from €6,579 to €979
- Financial income +€3,177
up €3,177 (+750.2%), from €424 to €3,600
- Other operating charges -€439
down €439 (-100.0%), from €439 to €0
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 | €36,308 | €31,372 | -€4,937 | -13.6% |
| Fixed assets | 21/28 | €2,452 | €1,473 | -€979 | -39.9% |
| Tangible fixed assets | 22/27 | €2,452 | €1,473 | -€979 | -39.9% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | -€0 | -100.0% |
| Furniture and vehicles | 24 | €2,452 | €1,473 | -€979 | -39.9% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €33,857 | €29,899 | -€3,958 | -11.7% |
| Amounts receivable within one year | 40/41 | €116 | €0 | -€116 | -100.0% |
| Trade receivables | 40 | €110 | €0 | -€110 | -100.0% |
| Other amounts receivable | 41 | €6 | €0 | -€6 | -100.0% |
| Current investments | 50/53 | €8,378 | €9,361 | +€984 | +11.7% |
| Cash at bank and in hand | 54/58 | €21,425 | €17,123 | -€4,302 | -20.1% |
| Deferred charges and accrued income | 490/1 | €3,939 | €3,415 | -€524 | -13.3% |
| Total equity and liabilities | 10/49 | €36,308 | €31,372 | -€4,937 | -13.6% |
| Equity | 10/15 | €22,308 | €13,098 | -€9,210 | -41.3% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €32,989 | €32,989 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Own shares acquired | 1312 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €31,129 | €31,129 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,181 | -€27,391 | -€9,210 | -50.7% |
| Amounts payable | 17/49 | €14,001 | €18,274 | +€4,273 | +30.5% |
| Amounts payable within one year | 42/48 | €14,001 | €18,274 | +€4,273 | +30.5% |
| Trade debts | 44 | €69 | €6,846 | +€6,777 | +9835.8% |
| Suppliers | 440/4 | €69 | €6,846 | +€6,777 | +9835.8% |
| Taxes, remuneration and social security | 45 | €263 | €416 | +€153 | +58.2% |
| Taxes | 450/3 | €263 | €416 | +€153 | +58.2% |
| Other amounts payable | 47/48 | €13,668 | €11,012 | -€2,657 | -19.4% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €17 | €0 | -€17 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,579 | €979 | -€5,600 | -85.1% |
| Other operating charges | 640/8 | €439 | €0 | -€439 | -100.0% |
| Gross operating margin | 9900 | €8,340 | -€1,975 | -€10,315 | |
| Operating profit (loss) | 9901 | €1,305 | -€2,954 | -€4,259 | |
| Financial income | 75/76B | €424 | €3,600 | +€3,177 | +750.2% |
| Recurring financial income | 75 | €424 | €3,600 | +€3,177 | +750.2% |
| Financial charges | 65/66B | €2,541 | €9,628 | +€7,087 | +278.9% |
| Recurring financial charges | 65 | €2,541 | €9,628 | +€7,087 | +278.9% |
| Profit (loss) for the period before taxes | 9903 | -€813 | -€8,982 | -€8,169 | -1005.1% |
| Income taxes | 67/77 | €189 | €228 | +€39 | +20.6% |
| Profit (loss) for the period | 9904 | -€1,001 | -€9,210 | -€8,208 | -819.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,001 | -€9,210 | -€8,208 | -819.6% |
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 12 October 2026 via checked.be.