Objectway: 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.
Objectway
Largest movements
- Receivables within one year -€817,813
down €817,813 (-22.2%), from €3.7m to €2.9m
of which Other amounts receivable: -€1.7m
- Cash -€712,260
down €712,260 (-24.3%), from €2.9m to €2.2m
mainly Other debts (-€1.0m) and Trade debts (-€745,462)
- Deferred charges and accrued income -€490,431
down €490,431 (-46.2%), from €1.1m to €572,090
- Intangible fixed assets +€365,406
up €365,406 (+41.5%), from €880,574 to €1.2m
- Other debts -€1.0m
no longer reported in 2025 (was €1.0m)
- Trade debts -€745,462
down €745,462 (-31.6%), from €2.4m to €1.6m
- Reserves +€198,516
up €198,516 (+47.0%), from €422,447 to €620,963
of which Distributable reserves: +€198,516
- Profit (loss) carried forward -€182,513
down €182,513 (-91.9%), from €198,516 to €16,003
- Tax, wage and social debts -€154,791
down €154,791 (-10.9%), from €1.4m to €1.3m
of which Remuneration and social security: -€77,792
- Staff costs -€548,602
down €548,602 (-9.9%), from €5.6m to €5.0m
- Turnover -€500,572
down €500,572 (-3.6%), from €13.7m to €13.2m
- Services and other goods +€406,319
up €406,319 (+13.7%), from €3.0m to €3.4m
- Financial income -€317,057
down €317,057 (-74.1%), from €427,993 to €110,937
- Taxes -€201,389
down €201,389 (-63.1%), from €319,175 to €117,786
of which Taxes: -€308,139
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 | €8,717,315 | €7,031,715 | -€1.7m | -19.3% |
| Fixed assets | 21/28 | €1,034,069 | €1,368,973 | +€334,903 | +32.4% |
| Intangible fixed assets | 21 | €880,574 | €1,245,980 | +€365,406 | +41.5% |
| Tangible fixed assets | 22/27 | €53,494 | €22,992 | -€30,502 | -57.0% |
| Plant, machinery and equipment | 23 | €53,494 | €22,992 | -€30,502 | -57.0% |
| Financial fixed assets | 28 | €100,001 | €100,001 | = | 0.0% |
| Affiliated companies | 280/1 | €100,001 | €100,001 | = | 0.0% |
| Participating interests | 280 | €100,001 | €100,001 | = | 0.0% |
| Current assets | 29/58 | €7,683,246 | €5,662,742 | -€2.0m | -26.3% |
| Amounts receivable within one year | 40/41 | €3,690,230 | €2,872,417 | -€817,813 | -22.2% |
| Trade receivables | 40 | €1,208,683 | €2,042,633 | +€833,950 | +69.0% |
| Other amounts receivable | 41 | €2,481,546 | €829,784 | -€1.7m | -66.6% |
| Cash at bank and in hand | 54/58 | €2,930,495 | €2,218,235 | -€712,260 | -24.3% |
| Deferred charges and accrued income | 490/1 | €1,062,521 | €572,090 | -€490,431 | -46.2% |
| Total equity and liabilities | 10/49 | €8,717,315 | €7,031,715 | -€1.7m | -19.3% |
| Equity | 10/15 | €2,120,963 | €2,136,966 | +€16,003 | +0.8% |
| Contributions | 10/11 | €1,500,000 | €1,500,000 | = | 0.0% |
| Capital | 10 | €1,500,000 | €1,500,000 | = | 0.0% |
| Issued capital | 100 | €1,500,000 | €1,500,000 | = | 0.0% |
| Reserves | 13 | €422,447 | €620,963 | +€198,516 | +47.0% |
| Non-distributable reserves | 130/1 | €150,000 | €150,000 | = | 0.0% |
| Legal reserve | 130 | €150,000 | €150,000 | = | 0.0% |
| Distributable reserves | 133 | €272,447 | €470,963 | +€198,516 | +72.9% |
| Profit (loss) carried forward | 14 | €198,516 | €16,003 | -€182,513 | -91.9% |
| Amounts payable | 17/49 | €6,596,352 | €4,894,749 | -€1.7m | -25.8% |
| Amounts payable within one year | 42/48 | €4,876,129 | €3,109,991 | -€1.8m | -36.2% |
| Trade debts | 44 | €2,356,379 | €1,610,917 | -€745,462 | -31.6% |
| Suppliers | 440/4 | €2,356,379 | €1,610,917 | -€745,462 | -31.6% |
| Advances received on contracts in progress | 46 | €103,442 | €237,557 | +€134,114 | +129.7% |
| Taxes, remuneration and social security | 45 | €1,416,307 | €1,261,517 | -€154,791 | -10.9% |
| Taxes | 450/3 | €382,974 | €305,975 | -€76,999 | -20.1% |
| Remuneration and social security | 454/9 | €1,033,333 | €955,541 | -€77,792 | -7.5% |
| Other amounts payable | 47/48 | €1,000,000 | - | -€1.0m | |
| Accrued charges and deferred income | 492/3 | €1,720,224 | €1,784,758 | +€64,534 | +3.8% |
| Operating income | 70/76A | €14,817,163 | €13,989,475 | -€827,688 | -5.6% |
| Turnover | 70 | €13,744,470 | €13,243,898 | -€500,572 | -3.6% |
| Own construction capitalised | 72 | €1,056,930 | €733,926 | -€323,004 | -30.6% |
| Other operating income | 74 | €15,763 | €11,651 | -€4,113 | -26.1% |
| Operating charges | 60/66A | €13,713,749 | €13,901,872 | +€188,124 | +1.4% |
| Goods for resale, raw materials and consumables | 60 | €4,930,973 | €5,119,557 | +€188,584 | +3.8% |
| Purchases | 600/8 | €4,930,973 | €5,119,557 | +€188,584 | +3.8% |
| Services and other goods | 61 | €2,958,766 | €3,365,085 | +€406,319 | +13.7% |
| Remuneration, social security and pensions | 62 | €5,555,834 | €5,007,232 | -€548,602 | -9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €258,304 | €401,087 | +€142,783 | +55.3% |
| Other operating charges | 640/8 | €9,872 | €8,911 | -€960 | -9.7% |
| Operating profit (loss) | 9901 | €1,103,414 | €87,602 | -€1.0m | -92.1% |
| Financial income | 75/76B | €427,993 | €110,937 | -€317,057 | -74.1% |
| Recurring financial income | 75 | €427,993 | €110,937 | -€317,057 | -74.1% |
| Income from current assets | 751 | €144,309 | €62,369 | -€81,940 | -56.8% |
| Other financial income | 752/9 | €283,684 | €48,568 | -€235,116 | -82.9% |
| Financial charges | 65/66B | €13,717 | €64,750 | +€51,033 | +372.0% |
| Recurring financial charges | 65 | €13,717 | €64,750 | +€51,033 | +372.0% |
| Other financial charges | 652/9 | €13,717 | €64,750 | +€51,033 | +372.0% |
| Profit (loss) for the period before taxes | 9903 | €1,517,690 | €133,789 | -€1.4m | -91.2% |
| Income taxes | 67/77 | €319,175 | €117,786 | -€201,389 | -63.1% |
| Taxes | 670/3 | €425,925 | €117,786 | -€308,139 | -72.3% |
| Tax adjustments and reversals of tax provisions | 77 | €106,750 | - | -€106,750 | |
| Profit (loss) for the period | 9904 | €1,198,516 | €16,003 | -€1.2m | -98.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,198,516 | €16,003 | -€1.2m | -98.7% |
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 30 September 2026 via checked.be.