Obulytix: 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.
Obulytix
Largest movements
- Receivables after one year -€435,231
down €435,231 (-44.3%), from €981,754 to €546,523
- Cash +€417,676
up €417,676 (+27.6%), from €1.5m to €1.9m
mainly Debts after one year (+€2.3m) and Contributions, distributions and other (+€1.1m)
- Tangible fixed assets +€284,405
up €284,405 (+128%), from €221,644 to €506,049
of which Plant, machinery and equipment: +€267,447
- Profit (loss) carried forward -€2.7m
down €2.7m (-246%), from -€1.1m to -€3.7m
- Debts after one year +€2.3m
new in 2025: €2.3m
- Contributions +€1.0m
up €1.0m (+21.4%), from €4.7m to €5.7m
- Accrued charges and deferred income -€524,431
down €524,431 (-55.9%), from €938,798 to €414,366
- Investment grants +€60,903
up €60,903 (+26.1%), from €233,144 to €294,047
- Gross operating margin -€1.5m
down €1.5m (-259%), from -€590,450 to -€2.1m
- Depreciation +€66,231
up €66,231 (+26.1%), from €254,014 to €320,245
- Staff costs +€48,017
up €48,017 (+19.0%), from €252,666 to €300,683
- Taxes -€37,769
new in 2025: -€37,769
- Financial income +€29,646
up €29,646 (+171%), from €17,311 to €46,957
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 | €5,101,630 | €5,294,677 | +€193,047 | +3.8% |
| Formation expenses | 20 | €51,052 | €39,645 | -€11,407 | -22.3% |
| Fixed assets | 21/28 | €1,972,044 | €2,227,032 | +€254,988 | +12.9% |
| Intangible fixed assets | 21 | €1,750,400 | €1,720,983 | -€29,417 | -1.7% |
| Tangible fixed assets | 22/27 | €221,644 | €506,049 | +€284,405 | +128% |
| Plant, machinery and equipment | 23 | €211,110 | €478,557 | +€267,447 | +127% |
| Furniture and vehicles | 24 | €10,534 | €27,491 | +€16,957 | +161% |
| Current assets | 29/58 | €3,078,534 | €3,028,000 | -€50,534 | -1.6% |
| Amounts receivable after more than one year | 29 | €981,754 | €546,523 | -€435,231 | -44.3% |
| Other amounts receivable | 291 | €981,754 | €546,523 | -€435,231 | -44.3% |
| Amounts receivable within one year | 40/41 | €580,489 | €542,183 | -€38,306 | -6.6% |
| Other amounts receivable | 41 | €580,489 | €542,183 | -€38,306 | -6.6% |
| Cash at bank and in hand | 54/58 | €1,513,358 | €1,931,033 | +€417,676 | +27.6% |
| Deferred charges and accrued income | 490/1 | €2,933 | €8,260 | +€5,327 | +182% |
| Total equity and liabilities | 10/49 | €5,101,630 | €5,294,677 | +€193,047 | +3.8% |
| Equity | 10/15 | €3,820,634 | €2,217,512 | -€1.6m | -42.0% |
| Contributions | 10/11 | €4,668,644 | €5,669,588 | +€1.0m | +21.4% |
| Profit (loss) carried forward | 14 | -€1,081,154 | -€3,746,123 | -€2.7m | -246% |
| Investment grants | 15 | €233,144 | €294,047 | +€60,903 | +26.1% |
| Amounts payable | 17/49 | €1,280,995 | €3,077,165 | +€1.8m | +140% |
| Amounts payable after more than one year | 17 | - | €2,250,000 | +€2.3m | |
| Financial debts | 170/4 | - | €2,250,000 | +€2.3m | |
| Amounts payable within one year | 42/48 | €342,198 | €412,798 | +€70,601 | +20.6% |
| Trade debts | 44 | €315,167 | €337,216 | +€22,049 | +7.0% |
| Suppliers | 440/4 | €315,167 | €337,216 | +€22,049 | +7.0% |
| Taxes, remuneration and social security | 45 | €27,031 | €75,582 | +€48,551 | +180% |
| Taxes | 450/3 | - | €8,156 | +€8,156 | |
| Remuneration and social security | 454/9 | €27,031 | €67,426 | +€40,395 | +149% |
| Accrued charges and deferred income | 492/3 | €938,798 | €414,366 | -€524,431 | -55.9% |
| Remuneration, social security and pensions | 62 | €252,666 | €300,683 | +€48,017 | +19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €254,014 | €320,245 | +€66,231 | +26.1% |
| Other operating charges | 640/8 | €150 | €1,307 | +€1,157 | +771% |
| Gross operating margin | 9900 | -€590,450 | -€2,121,140 | -€1.5m | -259% |
| Operating profit (loss) | 9901 | -€1,097,281 | -€2,743,375 | -€1.6m | -150% |
| Financial income | 75/76B | €17,311 | €46,957 | +€29,646 | +171% |
| Recurring financial income | 75 | €17,311 | €46,957 | +€29,646 | +171% |
| Financial charges | 65/66B | €1,184 | €6,319 | +€5,135 | +434% |
| Recurring financial charges | 65 | €1,184 | €6,319 | +€5,135 | +434% |
| Profit (loss) for the period before taxes | 9903 | -€1,081,154 | -€2,702,738 | -€1.6m | -150% |
| Income taxes | 67/77 | - | -€37,769 | -€37,769 | |
| Profit (loss) for the period | 9904 | -€1,081,154 | -€2,664,969 | -€1.6m | -146% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,081,154 | -€2,664,969 | -€1.6m | -146% |
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 19 October 2026 via checked.be.