OBJET B'ART: 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.
OBJET B'ART
Largest movements
- Receivables within one year -€433,463
down €433,463 (-86.5%), from €501,115 to €67,652
of which Other amounts receivable: -€464,223
- Cash +€265,830
up €265,830 (+376.7%), from €70,568 to €336,398
mainly Receivables within one year (+€433,463) and Depreciation (+€78,747)
- Tangible fixed assets +€116,851
up €116,851 (+8.8%), from €1.3m to €1.4m
of which Land and buildings: +€113,198
- Current investments +€101,875
new in 2025: €101,875
- Debts after one year +€51,075
up €51,075 (+8.9%), from €574,507 to €625,581
- Profit (loss) carried forward -€40,781
down €40,781 (-4.8%), from €857,182 to €816,400
- Accrued charges and deferred income +€28,000
new in 2025: €28,000
- Trade debts +€24,242
up €24,242 (+135.1%), from €17,943 to €42,185
- Gross operating margin -€16,221
down €16,221 (-17.0%), from €95,162 to €78,941
- Depreciation +€13,612
up €13,612 (+20.9%), from €65,135 to €78,747
- Financial charges +€10,436
up €10,436 (+105.6%), from €9,883 to €20,319
- Other operating charges -€6,382
down €6,382 (-23.8%), from €26,823 to €20,441
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 | €1,913,224 | €1,964,378 | +€51,154 | +2.7% |
| Fixed assets | 21/28 | €1,340,013 | €1,456,864 | +€116,851 | +8.7% |
| Tangible fixed assets | 22/27 | €1,332,083 | €1,448,934 | +€116,851 | +8.8% |
| Land and buildings | 22 | €1,322,282 | €1,435,480 | +€113,198 | +8.6% |
| Plant, machinery and equipment | 23 | €4,667 | €4,500 | -€167 | -3.6% |
| Furniture and vehicles | 24 | €5,135 | €8,954 | +€3,820 | +74.4% |
| Financial fixed assets | 28 | €7,930 | €7,930 | = | 0.0% |
| Current assets | 29/58 | €573,211 | €507,514 | -€65,697 | -11.5% |
| Amounts receivable within one year | 40/41 | €501,115 | €67,652 | -€433,463 | -86.5% |
| Trade receivables | 40 | €18,616 | €49,376 | +€30,760 | +165.2% |
| Other amounts receivable | 41 | €482,499 | €18,276 | -€464,223 | -96.2% |
| Current investments | 50/53 | - | €101,875 | +€101,875 | |
| Cash at bank and in hand | 54/58 | €70,568 | €336,398 | +€265,830 | +376.7% |
| Deferred charges and accrued income | 490/1 | €1,528 | €1,589 | +€61 | +4.0% |
| Total equity and liabilities | 10/49 | €1,913,224 | €1,964,378 | +€51,154 | +2.7% |
| Equity | 10/15 | €1,255,182 | €1,214,400 | -€40,781 | -3.2% |
| Contributions | 10/11 | €330,000 | €330,000 | = | 0.0% |
| Reserves | 13 | €68,000 | €68,000 | = | 0.0% |
| Distributable reserves | 133 | €68,000 | €68,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €857,182 | €816,400 | -€40,781 | -4.8% |
| Amounts payable | 17/49 | €658,042 | €749,978 | +€91,935 | +14.0% |
| Amounts payable after more than one year | 17 | €574,507 | €625,581 | +€51,075 | +8.9% |
| Financial debts | 170/4 | €574,507 | €625,581 | +€51,075 | +8.9% |
| Amounts payable within one year | 42/48 | €83,536 | €96,396 | +€12,861 | +15.4% |
| Current portion of amounts payable after more than one year | 42 | €57,636 | €51,542 | -€6,094 | -10.6% |
| Trade debts | 44 | €17,943 | €42,185 | +€24,242 | +135.1% |
| Suppliers | 440/4 | €17,943 | €42,185 | +€24,242 | +135.1% |
| Taxes, remuneration and social security | 45 | €6,972 | €1,685 | -€5,287 | -75.8% |
| Taxes | 450/3 | €6,972 | €1,685 | -€5,287 | -75.8% |
| Other amounts payable | 47/48 | €985 | €985 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €28,000 | +€28,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,135 | €78,747 | +€13,612 | +20.9% |
| Other operating charges | 640/8 | €26,823 | €20,441 | -€6,382 | -23.8% |
| Gross operating margin | 9900 | €95,162 | €78,941 | -€16,221 | -17.0% |
| Operating profit (loss) | 9901 | €3,204 | -€20,247 | -€23,450 | |
| Financial income | 75/76B | €422 | €496 | +€74 | +17.4% |
| Recurring financial income | 75 | €422 | €496 | +€74 | +17.4% |
| Financial charges | 65/66B | €9,883 | €20,319 | +€10,436 | +105.6% |
| Recurring financial charges | 65 | €9,883 | €20,319 | +€10,436 | +105.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,257 | -€40,069 | -€33,813 | -540.4% |
| Income taxes | 67/77 | - | €712 | +€712 | |
| Profit (loss) for the period | 9904 | -€6,257 | -€40,781 | -€34,524 | -551.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,257 | -€40,781 | -€34,524 | -551.8% |
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 2 October 2026 via checked.be.