OBM: 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.
OBM
Largest movements
- Financial fixed assets -€1.2m
down €1.2m (-23.3%), from €5.2m to €4.0m
- Receivables within one year +€1.1m
up €1.1m (+3,660%), from €30,737 to €1.2m
- Receivables after one year +€100,000
new in 2025: €100,000
- Reserves +€91,502
up €91,502 (+6.2%), from €1.5m to €1.6m
of which Distributable reserves: +€87,502
- Other debts -€54,989
down €54,989 (-2.0%), from €2.7m to €2.6m
- Gross operating margin -€33,334
down €33,334 (-20.9%), from €159,749 to €126,415
- Taxes -€8,788
down €8,788 (-28.1%), from €31,273 to €22,485
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,412,913 | €5,386,801 | -€26,112 | -0.5% |
| Fixed assets | 21/28 | €5,369,869 | €4,126,022 | -€1.2m | -23.2% |
| Tangible fixed assets | 22/27 | €135,304 | €111,853 | -€23,451 | -17.3% |
| Land and buildings | 22 | €128,857 | €109,620 | -€19,236 | -14.9% |
| Plant, machinery and equipment | 23 | €6,448 | €2,233 | -€4,215 | -65.4% |
| Financial fixed assets | 28 | €5,234,565 | €4,014,169 | -€1.2m | -23.3% |
| Current assets | 29/58 | €43,044 | €1,260,779 | +€1.2m | +2,829% |
| Amounts receivable after more than one year | 29 | - | €100,000 | +€100,000 | |
| Other amounts receivable | 291 | - | €100,000 | +€100,000 | |
| Amounts receivable within one year | 40/41 | €30,737 | €1,155,764 | +€1.1m | +3,660% |
| Other amounts receivable | 41 | €30,737 | €1,155,764 | +€1.1m | +3,660% |
| Cash at bank and in hand | 54/58 | €12,307 | €5,015 | -€7,292 | -59.2% |
| Total equity and liabilities | 10/49 | €5,412,913 | €5,386,801 | -€26,112 | -0.5% |
| Equity | 10/15 | €2,552,066 | €2,620,193 | +€68,127 | +2.7% |
| Contributions | 10/11 | €998,000 | €998,000 | = | 0.0% |
| Capital | 10 | €998,000 | €998,000 | = | 0.0% |
| Issued capital | 100 | €998,000 | €998,000 | = | 0.0% |
| Reserves | 13 | €1,466,564 | €1,558,066 | +€91,502 | +6.2% |
| Non-distributable reserves | 130/1 | €84,500 | €88,500 | +€4,000 | +4.7% |
| Legal reserve | 130 | €84,500 | €88,500 | +€4,000 | +4.7% |
| Distributable reserves | 133 | €1,382,064 | €1,469,566 | +€87,502 | +6.3% |
| Profit (loss) carried forward | 14 | €87,502 | €64,127 | -€23,375 | -26.7% |
| Amounts payable | 17/49 | €2,860,847 | €2,766,608 | -€94,239 | -3.3% |
| Amounts payable after more than one year | 17 | €97,323 | €97,323 | = | 0.0% |
| Financial debts | 170/4 | €97,323 | €97,323 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,730,292 | €2,650,940 | -€79,352 | -2.9% |
| Trade debts | 44 | €16,935 | €1,555 | -€15,380 | -90.8% |
| Suppliers | 440/4 | €16,935 | €1,555 | -€15,380 | -90.8% |
| Taxes, remuneration and social security | 45 | €17,109 | €8,126 | -€8,983 | -52.5% |
| Taxes | 450/3 | €17,109 | €8,126 | -€8,983 | -52.5% |
| Other amounts payable | 47/48 | €2,696,248 | €2,641,259 | -€54,989 | -2.0% |
| Accrued charges and deferred income | 492/3 | €33,231 | €18,345 | -€14,886 | -44.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,451 | €23,451 | +€0 | 0.0% |
| Other operating charges | 640/8 | €3,045 | €3,165 | +€120 | +3.9% |
| Gross operating margin | 9900 | €159,749 | €126,415 | -€33,334 | -20.9% |
| Operating profit (loss) | 9901 | €133,252 | €99,798 | -€33,454 | -25.1% |
| Financial charges | 65/66B | €9,777 | €9,187 | -€590 | -6.0% |
| Recurring financial charges | 65 | €9,777 | €9,187 | -€590 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €123,475 | €90,612 | -€32,864 | -26.6% |
| Income taxes | 67/77 | €31,273 | €22,485 | -€8,788 | -28.1% |
| Profit (loss) for the period | 9904 | €92,202 | €68,127 | -€24,075 | -26.1% |
| Profit (loss) for the period to be appropriated | 9905 | €92,202 | €68,127 | -€24,075 | -26.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.