Obra Studio: 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.
Obra Studio
Largest movements
- Receivables within one year +€28,760
up €28,760 (+343.4%), from €8,375 to €37,135
of which Trade receivables: +€37,135
- Cash -€26,456
down €26,456 (-49.5%), from €53,469 to €27,012
mainly Receivables within one year (-€28,760) and Investment in fixed assets (net) (-€7,104)
- Intangible fixed assets +€4,263
up €4,263 (+90.3%), from €4,719 to €8,982
- Tangible fixed assets -€1,042
down €1,042 (-21.6%), from €4,816 to €3,775
- Trade debts +€4,163
up €4,163 (+622.2%), from €669 to €4,832
- Tax, wage and social debts +€1,332
new in 2025: €1,332
- Gross operating margin -€23,538
down €23,538 (-83.8%), from €28,092 to €4,554
- Taxes -€6,660
down €6,660 (-94.7%), from €7,032 to €371
- Financial income +€3,176
up €3,176 (+3984.3%), from €80 to €3,256
- Financial charges +€1,856
up €1,856 (+189.3%), from €980 to €2,836
- Depreciation +€1,699
up €1,699 (+77.8%), from €2,184 to €3,883
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 | €71,379 | €76,904 | +€5,525 | +7.7% |
| Fixed assets | 21/28 | €9,535 | €12,756 | +€3,221 | +33.8% |
| Intangible fixed assets | 21 | €4,719 | €8,982 | +€4,263 | +90.3% |
| Tangible fixed assets | 22/27 | €4,816 | €3,775 | -€1,042 | -21.6% |
| Plant, machinery and equipment | 23 | €4,816 | €3,775 | -€1,042 | -21.6% |
| Current assets | 29/58 | €61,844 | €64,148 | +€2,304 | +3.7% |
| Amounts receivable within one year | 40/41 | €8,375 | €37,135 | +€28,760 | +343.4% |
| Trade receivables | 40 | - | €37,135 | +€37,135 | |
| Other amounts receivable | 41 | €8,375 | - | -€8,375 | |
| Cash at bank and in hand | 54/58 | €53,469 | €27,012 | -€26,456 | -49.5% |
| Total equity and liabilities | 10/49 | €71,379 | €76,904 | +€5,525 | +7.7% |
| Equity | 10/15 | €59,969 | €59,975 | +€6 | 0.0% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €53,469 | €53,475 | +€6 | 0.0% |
| Distributable reserves | 133 | €53,469 | €53,475 | +€6 | 0.0% |
| Amounts payable | 17/49 | €11,409 | €16,929 | +€5,519 | +48.4% |
| Amounts payable within one year | 42/48 | €11,409 | €16,929 | +€5,519 | +48.4% |
| Trade debts | 44 | €669 | €4,832 | +€4,163 | +622.2% |
| Suppliers | 440/4 | €669 | €4,832 | +€4,163 | +622.2% |
| Taxes, remuneration and social security | 45 | - | €1,332 | +€1,332 | |
| Taxes | 450/3 | - | €1,332 | +€1,332 | |
| Other amounts payable | 47/48 | €10,740 | €10,765 | +€24 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,184 | €3,883 | +€1,699 | +77.8% |
| Other operating charges | 640/8 | €882 | €713 | -€169 | -19.1% |
| Gross operating margin | 9900 | €28,092 | €4,554 | -€23,538 | -83.8% |
| Operating profit (loss) | 9901 | €25,026 | -€42 | -€25,068 | |
| Financial income | 75/76B | €80 | €3,256 | +€3,176 | +3984.3% |
| Recurring financial income | 75 | €80 | €3,256 | +€3,176 | +3984.3% |
| Financial charges | 65/66B | €980 | €2,836 | +€1,856 | +189.3% |
| Recurring financial charges | 65 | €980 | €2,836 | +€1,856 | +189.3% |
| Profit (loss) for the period before taxes | 9903 | €24,125 | €377 | -€23,748 | -98.4% |
| Income taxes | 67/77 | €7,032 | €371 | -€6,660 | -94.7% |
| Profit (loss) for the period | 9904 | €17,093 | €6 | -€17,087 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,093 | €6 | -€17,087 | -100.0% |
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 12 October 2026 via checked.be.