Objective Holding: 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.
Objective Holding
Largest movements
- Financial fixed assets -€2.2m
down €2.2m (-9.2%), from €23.9m to €21.7m
- Receivables within one year +€756,579
up €756,579 (+87.1%), from €868,423 to €1.6m
of which Other amounts receivable: +€1.3m
- Profit (loss) carried forward -€2.4m
down €2.4m (-37.2%), from -€6.5m to -€8.9m
- Other debts +€1.5m
up €1.5m (+17988.9%), from €8,254 to €1.5m
- Trade debts -€1.2m
down €1.2m (-74.8%), from €1.7m to €416,208
- Debts after one year +€748,928
up €748,928 (+2.9%), from €25.5m to €26.3m
- Financial charges -€3.1m
down €3.1m (-50.9%), from €6.1m to €3.0m
of which Non-recurring financial charges: -€3.2m
- Financial income +€313,841
up €313,841 (+325.1%), from €96,523 to €410,364
- Turnover -€30,594
down €30,594 (-11.3%), from €271,907 to €241,313
- Services and other goods +€27,459
up €27,459 (+119.3%), from €23,017 to €50,476
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 | €24,891,687 | €23,496,807 | -€1.4m | -5.6% |
| Fixed assets | 21/28 | €23,910,289 | €21,719,289 | -€2.2m | -9.2% |
| Financial fixed assets | 28 | €23,910,289 | €21,719,289 | -€2.2m | -9.2% |
| Affiliated companies | 280/1 | €23,910,289 | €21,719,289 | -€2.2m | -9.2% |
| Participating interests | 280 | €22,910,289 | €20,719,289 | -€2.2m | -9.6% |
| Amounts receivable | 281 | €1,000,000 | €1,000,000 | = | 0.0% |
| Current assets | 29/58 | €981,398 | €1,777,518 | +€796,120 | +81.1% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €868,423 | €1,625,002 | +€756,579 | +87.1% |
| Trade receivables | 40 | €867,074 | €341,735 | -€525,339 | -60.6% |
| Other amounts receivable | 41 | €1,349 | €1,283,266 | +€1.3m | +95053.3% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €112,975 | €152,517 | +€39,541 | +35.0% |
| Total equity and liabilities | 10/49 | €24,891,687 | €23,496,807 | -€1.4m | -5.6% |
| Equity | 10/15 | -€2,314,691 | -€4,721,890 | -€2.4m | -104.0% |
| Contributions | 10/11 | €4,150,000 | €4,150,000 | = | 0.0% |
| Capital | 10 | €4,150,000 | €4,150,000 | = | 0.0% |
| Issued capital | 100 | €4,150,000 | €4,150,000 | = | 0.0% |
| Reserves | 13 | €409 | €409 | = | 0.0% |
| Non-distributable reserves | 130/1 | €409 | €409 | = | 0.0% |
| Legal reserve | 130 | €409 | €409 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,465,100 | -€8,872,300 | -€2.4m | -37.2% |
| Amounts payable | 17/49 | €27,206,378 | €28,218,697 | +€1.0m | +3.7% |
| Amounts payable after more than one year | 17 | €25,541,746 | €26,290,674 | +€748,928 | +2.9% |
| Financial debts | 170/4 | €25,541,746 | €26,290,674 | +€748,928 | +2.9% |
| Other loans | 174 | €25,541,746 | €26,290,674 | +€748,928 | +2.9% |
| Amounts payable within one year | 42/48 | €1,664,632 | €1,928,023 | +€263,391 | +15.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,652,181 | €416,208 | -€1.2m | -74.8% |
| Suppliers | 440/4 | €1,652,181 | €416,208 | -€1.2m | -74.8% |
| Taxes, remuneration and social security | 45 | €4,197 | €18,771 | +€14,574 | +347.2% |
| Taxes | 450/3 | €4,197 | €18,771 | +€14,574 | +347.2% |
| Other amounts payable | 47/48 | €8,254 | €1,493,044 | +€1.5m | +17988.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Operating income | 70/76A | €271,907 | €241,313 | -€30,594 | -11.3% |
| Turnover | 70 | €271,907 | €241,313 | -€30,594 | -11.3% |
| Operating charges | 60/66A | €23,998 | €51,618 | +€27,620 | +115.1% |
| Services and other goods | 61 | €23,017 | €50,476 | +€27,459 | +119.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €982 | €1,143 | +€161 | +16.4% |
| Operating profit (loss) | 9901 | €247,909 | €189,695 | -€58,214 | -23.5% |
| Financial income | 75/76B | €96,523 | €410,364 | +€313,841 | +325.1% |
| Recurring financial income | 75 | €96,523 | €410,364 | +€313,841 | +325.1% |
| Income from financial fixed assets | 750 | €56,552 | €354,656 | +€298,104 | +527.1% |
| Other financial income | 752/9 | €39,971 | €55,707 | +€15,737 | +39.4% |
| Financial charges | 65/66B | €6,123,037 | €3,007,258 | -€3.1m | -50.9% |
| Recurring financial charges | 65 | €709,037 | €816,258 | +€107,221 | +15.1% |
| Debt charges | 650 | €649,752 | €813,511 | +€163,759 | +25.2% |
| Other financial charges | 652/9 | €59,285 | €2,746 | -€56,538 | -95.4% |
| Non-recurring financial charges | 66B | €5,414,000 | €2,191,000 | -€3.2m | -59.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,778,605 | -€2,407,200 | +€3.4m | +58.3% |
| Profit (loss) for the period | 9904 | -€5,778,605 | -€2,407,200 | +€3.4m | +58.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,778,605 | -€2,407,200 | +€3.4m | +58.3% |
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 5 October 2026 via checked.be.