OBV: what changed
Two fiscal 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.
OBV
Largest movements
- Tangible fixed assets +€15,590
up €15,590 (+34.0%), from €45,848 to €61,437
of which Furniture and vehicles: +€15,910
- Receivables within one year +€10,826
up €10,826 (+1581.1%), from €685 to €11,510
of which Trade receivables: +€11,510
- Cash -€6,295
down €6,295 (-55.8%), from €11,284 to €4,989
mainly Investment in fixed assets (net) (-€21,286) and Receivables within one year (-€10,826)
- Deferred charges and accrued income +€1,789
new in 2025: €1,789
- Other debts +€10,696
up €10,696 (+1700.2%), from €629 to €11,325
- Debts after one year +€9,148
up €9,148 (+30.1%), from €30,381 to €39,529
- Reserves +€4,236
up €4,236 (+68.2%), from €6,212 to €10,448
- Trade debts -€2,652
down €2,652 (-66.2%), from €4,003 to €1,351
- Tax, wage and social debts +€1,383
up €1,383 (+22.9%), from €6,027 to €7,410
of which Taxes: +€3,959
- Gross operating margin +€7,165
up €7,165 (+51.2%), from €13,985 to €21,149
- Depreciation +€4,388
up €4,388 (+335.3%), from €1,309 to €5,697
- Financial charges +€2,817
up €2,817 (+770.1%), from €366 to €3,183
- Other operating charges -€1,439
down €1,439 (-34.7%), from €4,148 to €2,709
- Taxes +€222
up €222 (+11.4%), from €1,951 to €2,173
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 | €57,816 | €79,725 | +€21,910 | +37.9% |
| Fixed assets | 21/28 | €45,848 | €61,437 | +€15,590 | +34.0% |
| Tangible fixed assets | 22/27 | €45,848 | €61,437 | +€15,590 | +34.0% |
| Land and buildings | 22 | €954 | €853 | -€101 | -10.6% |
| Plant, machinery and equipment | 23 | €3,280 | €3,061 | -€219 | -6.7% |
| Furniture and vehicles | 24 | €41,614 | €57,523 | +€15,910 | +38.2% |
| Current assets | 29/58 | €11,968 | €18,288 | +€6,320 | +52.8% |
| Amounts receivable within one year | 40/41 | €685 | €11,510 | +€10,826 | +1581.1% |
| Trade receivables | 40 | - | €11,510 | +€11,510 | |
| Other amounts receivable | 41 | €685 | €0 | -€685 | -100.0% |
| Cash at bank and in hand | 54/58 | €11,284 | €4,989 | -€6,295 | -55.8% |
| Deferred charges and accrued income | 490/1 | - | €1,789 | +€1,789 | |
| Total equity and liabilities | 10/49 | €57,816 | €79,725 | +€21,910 | +37.9% |
| Equity | 10/15 | €7,212 | €11,448 | +€4,236 | +58.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €6,212 | €10,448 | +€4,236 | +68.2% |
| Distributable reserves | 133 | €6,212 | €10,448 | +€4,236 | +68.2% |
| Amounts payable | 17/49 | €50,604 | €68,278 | +€17,673 | +34.9% |
| Amounts payable after more than one year | 17 | €30,381 | €39,529 | +€9,148 | +30.1% |
| Financial debts | 170/4 | €30,381 | €39,529 | +€9,148 | +30.1% |
| Amounts payable within one year | 42/48 | €20,224 | €28,749 | +€8,525 | +42.2% |
| Current portion of amounts payable after more than one year | 42 | €9,565 | €8,663 | -€902 | -9.4% |
| Trade debts | 44 | €4,003 | €1,351 | -€2,652 | -66.2% |
| Suppliers | 440/4 | €4,003 | €1,351 | -€2,652 | -66.2% |
| Taxes, remuneration and social security | 45 | €6,027 | €7,410 | +€1,383 | +22.9% |
| Taxes | 450/3 | €3,451 | €7,410 | +€3,959 | +114.7% |
| Remuneration and social security | 454/9 | €2,576 | €0 | -€2,576 | -100.0% |
| Other amounts payable | 47/48 | €629 | €11,325 | +€10,696 | +1700.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,309 | €5,697 | +€4,388 | +335.3% |
| Other operating charges | 640/8 | €4,148 | €2,709 | -€1,439 | -34.7% |
| Non-recurring operating charges | 66A | - | €3,152 | +€3,152 | |
| Gross operating margin | 9900 | €13,985 | €21,149 | +€7,165 | +51.2% |
| Operating profit (loss) | 9901 | €8,528 | €9,592 | +€1,064 | +12.5% |
| Financial charges | 65/66B | €366 | €3,183 | +€2,817 | +770.1% |
| Recurring financial charges | 65 | €366 | €3,183 | +€2,817 | +770.1% |
| Profit (loss) for the period before taxes | 9903 | €8,163 | €6,409 | -€1,754 | -21.5% |
| Income taxes | 67/77 | €1,951 | €2,173 | +€222 | +11.4% |
| Profit (loss) for the period | 9904 | €6,212 | €4,236 | -€1,976 | -31.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,212 | €4,236 | -€1,976 | -31.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.