OBUS - DE GALAN: 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
OBUS - DE GALAN
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€23,006
2024 · €18,864-€41,870
Equity
€923,995
2024 · €947,001-€23,006
Cash
€23,532
2024 · €15,080+€8,452
Balance sheet total
€3.6m
2024 · €3.5m+€104,803
Largest movements
Assets
- Receivables within one year +€61,753
up €61,753 (+35.0%), from €176,611 to €238,364
of which Trade receivables: +€69,961
- Tangible fixed assets +€43,385
up €43,385 (+3.0%), from €1.5m to €1.5m
of which Land and buildings: +€43,029
Equity and liabilities
- Debts after one year +€76,706
up €76,706 (+8.2%), from €931,316 to €1.0m
of which Financial debts: +€76,706
- Trade debts +€47,886
up €47,886 (+108%), from €44,379 to €92,265
Income statement
- Gross operating margin -€53,150
down €53,150 (-20.2%), from €262,618 to €209,469
- Taxes -€21,820
no longer reported in 2025 (was €21,820)
- Other operating charges +€15,575
up €15,575 (+93.2%), from €16,717 to €32,292
- Depreciation -€14,682
down €14,682 (-9.7%), from €151,494 to €136,812
- Financial charges +€7,086
up €7,086 (+13.2%), from €53,723 to €60,809
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
€18,864
Gross operating margin
-€53,150
Depreciation
+€14,682
Other operating charges
-€15,575
Other operating items
-€2,565
Financial income
+€3
Financial charges
-€7,086
Taxes
+€21,820
Result 2025
-€23,006
raises the resultlowers the resultnot broken down further in the accounts
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
+€84,992
Investment
-€180,197
Financing
+€103,656
Cash 2024
€15,080
From operations (derived)
+€84,992
Net result for the year
-€23,006
Depreciation
+€136,812
Receivables within one year
-€61,753
Deferred charges and accrued income
+€8,786
Trade debts
+€47,886
Tax, wage and social debts
-€18,552
Other debts
-€8,986
Accrued charges and deferred income
+€3,805
Investment (derived)
-€180,197
Investment in fixed assets (net)
-€180,197
Financing
+€103,656
Debts after one year
+€76,706
Current portion of long-term debt
+€15,958
Short-term financial debts
+€10,992
Cash 2025
€23,532
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,458,578 | €3,563,381 | +€104,803 | +3.0% |
| Fixed assets | 21/28 | €3,254,967 | €3,298,352 | +€43,385 | +1.3% |
| Tangible fixed assets | 22/27 | €1,453,900 | €1,497,284 | +€43,385 | +3.0% |
| Land and buildings | 22 | €1,132,509 | €1,175,537 | +€43,029 | +3.8% |
| Plant, machinery and equipment | 23 | - | €3,044 | +€3,044 | |
| Furniture and vehicles | 24 | €173,483 | €155,507 | -€17,976 | -10.4% |
| Other tangible fixed assets | 26 | €147,909 | €163,196 | +€15,288 | +10.3% |
| Financial fixed assets | 28 | €1,801,067 | €1,801,067 | = | 0.0% |
| Current assets | 29/58 | €203,611 | €265,030 | +€61,419 | +30.2% |
| Amounts receivable within one year | 40/41 | €176,611 | €238,364 | +€61,753 | +35.0% |
| Trade receivables | 40 | €104,333 | €174,294 | +€69,961 | +67.1% |
| Other amounts receivable | 41 | €72,278 | €64,069 | -€8,208 | -11.4% |
| Cash at bank and in hand | 54/58 | €15,080 | €23,532 | +€8,452 | +56.0% |
| Deferred charges and accrued income | 490/1 | €11,920 | €3,134 | -€8,786 | -73.7% |
| Total equity and liabilities | 10/49 | €3,458,578 | €3,563,381 | +€104,803 | +3.0% |
| Equity | 10/15 | €947,001 | €923,995 | -€23,006 | -2.4% |
| Contributions | 10/11 | €453,000 | €453,000 | = | 0.0% |
| Reserves | 13 | €494,001 | €494,001 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €475,251 | €475,251 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€23,006 | -€23,006 | |
| Provisions and deferred taxes | 16 | €2,823 | €2,823 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €2,823 | €2,823 | = | 0.0% |
| Environmental obligations | 163 | €2,823 | €2,823 | = | 0.0% |
| Amounts payable | 17/49 | €2,508,755 | €2,636,563 | +€127,809 | +5.1% |
| Amounts payable after more than one year | 17 | €931,316 | €1,008,021 | +€76,706 | +8.2% |
| Financial debts | 170/4 | €930,401 | €1,007,106 | +€76,706 | +8.2% |
| Other amounts payable | 178/9 | €915 | €915 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,550,462 | €1,597,760 | +€47,298 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €102,901 | €118,859 | +€15,958 | +15.5% |
| Financial debts | 43 | €8,362 | €19,355 | +€10,992 | +131% |
| Credit institutions | 430/8 | €8,362 | €19,355 | +€10,992 | +131% |
| Trade debts | 44 | €44,379 | €92,265 | +€47,886 | +108% |
| Suppliers | 440/4 | €44,379 | €92,265 | +€47,886 | +108% |
| Taxes, remuneration and social security | 45 | €76,809 | €58,257 | -€18,552 | -24.2% |
| Taxes | 450/3 | €28,991 | €38,170 | +€9,179 | +31.7% |
| Remuneration and social security | 454/9 | €47,818 | €20,086 | -€27,731 | -58.0% |
| Other amounts payable | 47/48 | €1,318,011 | €1,309,025 | -€8,986 | -0.7% |
| Accrued charges and deferred income | 492/3 | €26,977 | €30,782 | +€3,805 | +14.1% |
| Non-recurring operating income | 76A | €15,288 | €15,288 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €151,494 | €136,812 | -€14,682 | -9.7% |
| Other operating charges | 640/8 | €16,717 | €32,292 | +€15,575 | +93.2% |
| Non-recurring operating charges | 66A | - | €2,565 | +€2,565 | |
| Gross operating margin | 9900 | €262,618 | €209,469 | -€53,150 | -20.2% |
| Operating profit (loss) | 9901 | €94,407 | €37,800 | -€56,608 | -60.0% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €53,723 | €60,809 | +€7,086 | +13.2% |
| Recurring financial charges | 65 | €53,723 | €60,809 | +€7,086 | +13.2% |
| Profit (loss) for the period before taxes | 9903 | €40,684 | -€23,006 | -€63,690 | |
| Income taxes | 67/77 | €21,820 | - | -€21,820 | |
| Profit (loss) for the period | 9904 | €18,864 | -€23,006 | -€41,870 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,864 | -€23,006 | -€41,870 |
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 25 October 2026 via checked.be.