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
- Tangible fixed assets +€24,971
up €24,971 (+54.1%), from €46,134 to €71,105
of which Other tangible fixed assets: +€34,436
- Deferred charges and accrued income +€18,016
up €18,016 (+281%), from €6,413 to €24,429
- Cash -€16,473
down €16,473 (-65.0%), from €25,339 to €8,866
mainly Investment in fixed assets (net) (-€45,173) and Deferred charges and accrued income (-€18,016)
- Receivables within one year -€14,457
down €14,457 (-45.9%), from €31,478 to €17,021
of which Trade receivables: -€16,403
- Debts after one year +€12,833
up €12,833 (+135%), from €9,525 to €22,358
- Tax, wage and social debts -€7,691
down €7,691 (-46.7%), from €16,454 to €8,762
- Trade debts +€5,564
up €5,564 (+76.8%), from €7,245 to €12,809
- Current portion of long-term debt +€2,219
up €2,219 (+27.5%), from €8,070 to €10,289
- Gross operating margin -€9,880
down €9,880 (-31.4%), from €31,514 to €21,634
- Taxes -€4,388
down €4,388, from €3,557 to -€831
- Depreciation +€3,822
up €3,822 (+23.3%), from €16,380 to €20,202
- Financial charges +€1,019
up €1,019 (+264%), from €387 to €1,405
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 | €109,364 | €121,421 | +€12,057 | +11.0% |
| Fixed assets | 21/28 | €46,134 | €71,105 | +€24,971 | +54.1% |
| Tangible fixed assets | 22/27 | €46,134 | €71,105 | +€24,971 | +54.1% |
| Plant, machinery and equipment | 23 | €917 | €1,214 | +€297 | +32.3% |
| Furniture and vehicles | 24 | €29,219 | €19,458 | -€9,762 | -33.4% |
| Other tangible fixed assets | 26 | €15,998 | €50,434 | +€34,436 | +215% |
| Current assets | 29/58 | €63,230 | €50,316 | -€12,914 | -20.4% |
| Amounts receivable within one year | 40/41 | €31,478 | €17,021 | -€14,457 | -45.9% |
| Trade receivables | 40 | €27,863 | €11,460 | -€16,403 | -58.9% |
| Other amounts receivable | 41 | €3,615 | €5,561 | +€1,946 | +53.8% |
| Cash at bank and in hand | 54/58 | €25,339 | €8,866 | -€16,473 | -65.0% |
| Deferred charges and accrued income | 490/1 | €6,413 | €24,429 | +€18,016 | +281% |
| Total equity and liabilities | 10/49 | €109,364 | €121,421 | +€12,057 | +11.0% |
| Equity | 10/15 | €65,011 | €65,274 | +€263 | +0.4% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €61,511 | €61,774 | +€263 | +0.4% |
| Distributable reserves | 133 | €61,511 | €61,774 | +€263 | +0.4% |
| Amounts payable | 17/49 | €44,353 | €56,147 | +€11,794 | +26.6% |
| Amounts payable after more than one year | 17 | €9,525 | €22,358 | +€12,833 | +135% |
| Financial debts | 170/4 | €9,525 | €22,358 | +€12,833 | +135% |
| Amounts payable within one year | 42/48 | €32,628 | €31,861 | -€767 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €8,070 | €10,289 | +€2,219 | +27.5% |
| Trade debts | 44 | €7,245 | €12,809 | +€5,564 | +76.8% |
| Suppliers | 440/4 | €7,245 | €12,809 | +€5,564 | +76.8% |
| Taxes, remuneration and social security | 45 | €16,454 | €8,762 | -€7,691 | -46.7% |
| Taxes | 450/3 | €16,454 | €8,762 | -€7,691 | -46.7% |
| Other amounts payable | 47/48 | €859 | - | -€859 | |
| Accrued charges and deferred income | 492/3 | €2,201 | €1,928 | -€272 | -12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,380 | €20,202 | +€3,822 | +23.3% |
| Other operating charges | 640/8 | €528 | €694 | +€166 | +31.4% |
| Gross operating margin | 9900 | €31,514 | €21,634 | -€9,880 | -31.4% |
| Operating profit (loss) | 9901 | €14,606 | €738 | -€13,868 | -94.9% |
| Financial income | 75/76B | €322 | €99 | -€223 | -69.2% |
| Recurring financial income | 75 | €322 | €99 | -€223 | -69.2% |
| Financial charges | 65/66B | €387 | €1,405 | +€1,019 | +264% |
| Recurring financial charges | 65 | €387 | €1,405 | +€1,019 | +264% |
| Profit (loss) for the period before taxes | 9903 | €14,542 | -€568 | -€15,110 | |
| Income taxes | 67/77 | €3,557 | -€831 | -€4,388 | |
| Profit (loss) for the period | 9904 | €10,985 | €263 | -€10,721 | -97.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,985 | €263 | -€10,721 | -97.6% |
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 29 October 2026 via checked.be.