OBVIO: 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.
OBVIO
Largest movements
- Cash +€68,302
up €68,302 (+53.2%), from €128,413 to €196,714
mainly Other debts (+€90,037) and Net result for the year (+€33,574)
- Current investments -€23,142
down €23,142 (-9.7%), from €237,946 to €214,804
- Tangible fixed assets -€8,507
down €8,507 (-40.7%), from €20,884 to €12,378
of which Furniture and vehicles: -€7,767
- Other debts +€90,037
up €90,037 (+1705.2%), from €5,280 to €95,317
- Reserves -€62,867
down €62,867 (-21.0%), from €299,411 to €236,544
- Tax, wage and social debts +€6,224
up €6,224 (+55.8%), from €11,149 to €17,373
- Financial income +€12,291
up €12,291 (+301.4%), from €4,078 to €16,369
- Gross operating margin -€6,723
down €6,723 (-14.3%), from €46,917 to €40,194
- Depreciation +€3,713
up €3,713 (+77.4%), from €4,794 to €8,507
- Taxes +€714
up €714 (+5.4%), from €13,209 to €13,922
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 | €389,876 | €425,175 | +€35,299 | +9.1% |
| Fixed assets | 21/28 | €20,884 | €12,378 | -€8,507 | -40.7% |
| Tangible fixed assets | 22/27 | €20,884 | €12,378 | -€8,507 | -40.7% |
| Plant, machinery and equipment | 23 | €1,941 | €1,201 | -€740 | -38.1% |
| Furniture and vehicles | 24 | €18,944 | €11,176 | -€7,767 | -41.0% |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Current assets | 29/58 | €368,991 | €412,797 | +€43,806 | +11.9% |
| Amounts receivable within one year | 40/41 | €2,227 | €1,184 | -€1,043 | -46.8% |
| Other amounts receivable | 41 | €2,227 | €1,184 | -€1,043 | -46.8% |
| Current investments | 50/53 | €237,946 | €214,804 | -€23,142 | -9.7% |
| Cash at bank and in hand | 54/58 | €128,413 | €196,714 | +€68,302 | +53.2% |
| Deferred charges and accrued income | 490/1 | €406 | €96 | -€311 | -76.5% |
| Total equity and liabilities | 10/49 | €389,876 | €425,175 | +€35,299 | +9.1% |
| Equity | 10/15 | €370,497 | €308,754 | -€61,743 | -16.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €299,411 | €236,544 | -€62,867 | -21.0% |
| Distributable reserves | 133 | €299,411 | €236,544 | -€62,867 | -21.0% |
| Profit (loss) carried forward | 14 | €64,886 | €66,010 | +€1,124 | +1.7% |
| Amounts payable | 17/49 | €19,379 | €116,421 | +€97,042 | +500.8% |
| Amounts payable within one year | 42/48 | €19,379 | €116,421 | +€97,042 | +500.8% |
| Financial debts | 43 | €475 | - | -€475 | |
| Credit institutions | 430/8 | €475 | - | -€475 | |
| Trade debts | 44 | €2,474 | €3,731 | +€1,257 | +50.8% |
| Suppliers | 440/4 | €2,474 | €3,731 | +€1,257 | +50.8% |
| Taxes, remuneration and social security | 45 | €11,149 | €17,373 | +€6,224 | +55.8% |
| Taxes | 450/3 | €11,149 | €17,373 | +€6,224 | +55.8% |
| Other amounts payable | 47/48 | €5,280 | €95,317 | +€90,037 | +1705.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,794 | €8,507 | +€3,713 | +77.4% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €46,917 | €40,194 | -€6,723 | -14.3% |
| Operating profit (loss) | 9901 | €41,736 | €31,288 | -€10,449 | -25.0% |
| Financial income | 75/76B | €4,078 | €16,369 | +€12,291 | +301.4% |
| Recurring financial income | 75 | €4,078 | €16,369 | +€12,291 | +301.4% |
| Financial charges | 65/66B | €204 | €160 | -€44 | -21.5% |
| Recurring financial charges | 65 | €204 | €160 | -€44 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €45,611 | €47,497 | +€1,886 | +4.1% |
| Income taxes | 67/77 | €13,209 | €13,922 | +€714 | +5.4% |
| Profit (loss) for the period | 9904 | €32,402 | €33,574 | +€1,172 | +3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €32,402 | €33,574 | +€1,172 | +3.6% |
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 4 October 2026 via checked.be.