OBSESSION T & R: 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.
What changed
OBSESSION T & R
NACE 68.121, Development of residential building projects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€450
2024 · -€14,363+€14,813
Equity
€1.3m
2024 · €1.3m+€450
Cash
€82,067
2024 · €46,876+€35,191
Balance sheet total
€1.4m
2024 · €1.4m-€6,570
Largest movements
Assets
- Current investments -€250,000
down €250,000 (-45.5%), from €550,000 to €300,000
- Stocks and contracts +€199,245
up €199,245 (+303%), from €65,767 to €265,012
- Cash +€35,191
up €35,191 (+75.1%), from €46,876 to €82,067
mainly Current investments (+€250,000) and Depreciation (+€45,030)
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin +€15,558
up €15,558 (+62.4%), from €24,938 to €40,496
- Depreciation +€9,213
up €9,213 (+25.7%), from €35,818 to €45,030
- Financial income +€4,779
up €4,779 (+65.2%), from €7,332 to €12,111
- Other operating charges -€3,571
down €3,571 (-32.6%), from €10,962 to €7,392
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.
Result 2024
-€14,363
Gross operating margin
+€15,558
Depreciation
-€9,213
Other operating charges
+€3,571
Financial income
+€4,779
Financial charges
+€109
Taxes
+€8
Result 2025
€450
raises the resultlowers the result
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.
From operations
-€168,556
Investment
+€203,747
Financing
€0
Cash 2024
€46,876
From operations (derived)
-€168,556
Net result for the year
+€450
Depreciation
+€45,030
Stocks and contracts
-€199,245
Receivables within one year
-€7,626
Deferred charges and accrued income
-€146
Provisions
-€711
Trade debts
-€1,235
Tax, wage and social debts
-€4,047
Other debts
-€1,949
Accrued charges and deferred income
+€923
Investment (derived)
+€203,747
Investment in fixed assets (net)
-€46,253
Current investments
+€250,000
Cash 2025
€82,067
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,409,643 | €1,403,073 | -€6,570 | -0.5% |
| Fixed assets | 21/28 | €734,086 | €735,309 | +€1,223 | +0.2% |
| Tangible fixed assets | 22/27 | €734,086 | €735,309 | +€1,223 | +0.2% |
| Land and buildings | 22 | €674,817 | €652,754 | -€22,063 | -3.3% |
| Plant, machinery and equipment | 23 | - | €3,230 | +€3,230 | |
| Furniture and vehicles | 24 | €51,431 | €72,396 | +€20,965 | +40.8% |
| Other tangible fixed assets | 26 | €7,839 | €6,929 | -€910 | -11.6% |
| Current assets | 29/58 | €675,557 | €667,764 | -€7,793 | -1.2% |
| Stocks and contracts in progress | 3 | €65,767 | €265,012 | +€199,245 | +303% |
| Stocks | 30/36 | €65,767 | €265,012 | +€199,245 | +303% |
| Amounts receivable within one year | 40/41 | €9,458 | €17,084 | +€7,626 | +80.6% |
| Trade receivables | 40 | €7,416 | €6,630 | -€786 | -10.6% |
| Other amounts receivable | 41 | €2,043 | €10,454 | +€8,412 | +412% |
| Current investments | 50/53 | €550,000 | €300,000 | -€250,000 | -45.5% |
| Cash at bank and in hand | 54/58 | €46,876 | €82,067 | +€35,191 | +75.1% |
| Deferred charges and accrued income | 490/1 | €3,456 | €3,601 | +€146 | +4.2% |
| Total equity and liabilities | 10/49 | €1,409,643 | €1,403,073 | -€6,570 | -0.5% |
| Equity | 10/15 | €1,341,104 | €1,341,553 | +€450 | 0.0% |
| Contributions | 10/11 | €1,200,000 | €1,200,000 | = | 0.0% |
| Capital | 10 | €1,200,000 | €1,200,000 | = | 0.0% |
| Issued capital | 100 | €1,200,000 | €1,200,000 | = | 0.0% |
| Reserves | 13 | €177,985 | €175,851 | -€2,134 | -1.2% |
| Non-distributable reserves | 130/1 | €850 | €850 | = | 0.0% |
| Legal reserve | 130 | €850 | €850 | = | 0.0% |
| Tax-exempt reserves | 132 | €177,135 | €175,001 | -€2,134 | -1.2% |
| Profit (loss) carried forward | 14 | -€36,881 | -€34,298 | +€2,584 | +7.0% |
| Provisions and deferred taxes | 16 | €59,045 | €58,334 | -€711 | -1.2% |
| Deferred taxes | 168 | €59,045 | €58,334 | -€711 | -1.2% |
| Amounts payable | 17/49 | €9,494 | €3,186 | -€6,308 | -66.4% |
| Amounts payable within one year | 42/48 | €7,725 | €494 | -€7,231 | -93.6% |
| Trade debts | 44 | €1,235 | €0 | -€1,235 | -100% |
| Suppliers | 440/4 | €1,235 | €0 | -€1,235 | -100% |
| Taxes, remuneration and social security | 45 | €4,391 | €344 | -€4,047 | -92.2% |
| Taxes | 450/3 | €4,391 | €344 | -€4,047 | -92.2% |
| Other amounts payable | 47/48 | €2,099 | €150 | -€1,949 | -92.9% |
| Accrued charges and deferred income | 492/3 | €1,770 | €2,692 | +€923 | +52.1% |
| Non-recurring operating income | 76A | €0 | €6,612 | +€6,612 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,818 | €45,030 | +€9,213 | +25.7% |
| Other operating charges | 640/8 | €10,962 | €7,392 | -€3,571 | -32.6% |
| Gross operating margin | 9900 | €24,938 | €40,496 | +€15,558 | +62.4% |
| Operating profit (loss) | 9901 | -€21,842 | -€11,926 | +€9,916 | +45.4% |
| Financial income | 75/76B | €7,332 | €12,111 | +€4,779 | +65.2% |
| Recurring financial income | 75 | €7,332 | €12,111 | +€4,779 | +65.2% |
| Financial charges | 65/66B | €260 | €151 | -€109 | -42.0% |
| Recurring financial charges | 65 | €260 | €151 | -€109 | -42.0% |
| Profit (loss) for the period before taxes | 9903 | -€14,770 | €35 | +€14,805 | |
| Transfer from deferred taxes | 780 | €711 | €711 | = | 0.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €304 | €297 | -€8 | -2.5% |
| Profit (loss) for the period | 9904 | -€14,363 | €450 | +€14,813 | |
| Transfer from tax-exempt reserves | 789 | €2,134 | €2,134 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,229 | €2,584 | +€14,813 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.