OBVIOUS: 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.
OBVIOUS
Largest movements
- Cash +€384,298
up €384,298 (+677.7%), from €56,709 to €441,008
mainly Receivables within one year (+€336,766) and Net result for the year (+€30,321)
- Receivables within one year -€336,766
down €336,766 (-83.8%), from €401,892 to €65,125
of which Trade receivables: -€259,384
- Tangible fixed assets -€6,792
no longer reported in 2025 (was €6,792)
- Profit (loss) carried forward +€30,321
up €30,321 (+13.1%), from €231,202 to €261,523
- Other debts +€6,682
up €6,682 (+4.6%), from €145,248 to €151,930
- Gross operating margin -€61,439
down €61,439 (-30.8%), from €199,385 to €137,945
- Taxes -€15,750
down €15,750 (-56.0%), from €28,146 to €12,396
- Depreciation -€5,154
down €5,154 (-43.1%), from €11,946 to €6,792
- Staff costs +€3,131
up €3,131 (+3.7%), from €84,647 to €87,777
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 | €467,086 | €507,878 | +€40,792 | +8.7% |
| Fixed assets | 21/28 | €6,792 | - | -€6,792 | |
| Tangible fixed assets | 22/27 | €6,792 | - | -€6,792 | |
| Furniture and vehicles | 24 | €6,792 | - | -€6,792 | |
| Current assets | 29/58 | €460,294 | €507,878 | +€47,584 | +10.3% |
| Amounts receivable within one year | 40/41 | €401,892 | €65,125 | -€336,766 | -83.8% |
| Trade receivables | 40 | €301,892 | €42,508 | -€259,384 | -85.9% |
| Other amounts receivable | 41 | €100,000 | €22,618 | -€77,382 | -77.4% |
| Cash at bank and in hand | 54/58 | €56,709 | €441,008 | +€384,298 | +677.7% |
| Deferred charges and accrued income | 490/1 | €1,693 | €1,745 | +€52 | +3.1% |
| Total equity and liabilities | 10/49 | €467,086 | €507,878 | +€40,792 | +8.7% |
| Equity | 10/15 | €299,402 | €329,723 | +€30,321 | +10.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €231,202 | €261,523 | +€30,321 | +13.1% |
| Amounts payable | 17/49 | €167,684 | €178,155 | +€10,471 | +6.2% |
| Amounts payable within one year | 42/48 | €167,684 | €178,136 | +€10,452 | +6.2% |
| Trade debts | 44 | €2,581 | €4,439 | +€1,858 | +72.0% |
| Suppliers | 440/4 | €2,581 | €4,439 | +€1,858 | +72.0% |
| Taxes, remuneration and social security | 45 | €19,855 | €21,767 | +€1,912 | +9.6% |
| Taxes | 450/3 | €8,597 | €10,081 | +€1,484 | +17.3% |
| Remuneration and social security | 454/9 | €11,257 | €11,686 | +€428 | +3.8% |
| Other amounts payable | 47/48 | €145,248 | €151,930 | +€6,682 | +4.6% |
| Accrued charges and deferred income | 492/3 | €0 | €19 | +€19 | +6250.0% |
| Remuneration, social security and pensions | 62 | €84,647 | €87,777 | +€3,131 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,946 | €6,792 | -€5,154 | -43.1% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €199,385 | €137,945 | -€61,439 | -30.8% |
| Operating profit (loss) | 9901 | €102,405 | €42,977 | -€59,428 | -58.0% |
| Financial income | 75/76B | €40 | €0 | -€40 | -100.0% |
| Recurring financial income | 75 | €40 | €0 | -€40 | -100.0% |
| Financial charges | 65/66B | €564 | €259 | -€305 | -54.0% |
| Recurring financial charges | 65 | €564 | €259 | -€305 | -54.0% |
| Profit (loss) for the period before taxes | 9903 | €101,881 | €42,717 | -€59,163 | -58.1% |
| Income taxes | 67/77 | €28,146 | €12,396 | -€15,750 | -56.0% |
| Profit (loss) for the period | 9904 | €73,735 | €30,321 | -€43,413 | -58.9% |
| Profit (loss) for the period to be appropriated | 9905 | €73,735 | €30,321 | -€43,413 | -58.9% |
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 10 October 2026 via checked.be.