O A D C: 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.
O A D C
Largest movements
- Tangible fixed assets +€34,719
up €34,719 (+1200.9%), from €2,891 to €37,610
of which Furniture and vehicles: +€34,081
- Receivables within one year -€9,760
down €9,760 (-84.9%), from €11,495 to €1,735
of which Trade receivables: -€11,495
- Reserves +€14,097
up €14,097 (+14.1%), from €100,266 to €114,363
- Debts after one year +€10,912
new in 2025: €10,912
- Current portion of long-term debt +€7,436
new in 2025: €7,436
- Tax, wage and social debts -€5,225
down €5,225 (-48.7%), from €10,729 to €5,504
of which Taxes: -€5,114
- Other debts -€2,105
down €2,105 (-43.3%), from €4,862 to €2,756
- Gross operating margin -€8,790
down €8,790 (-26.6%), from €33,063 to €24,273
- Taxes -€3,664
down €3,664 (-41.0%), from €8,929 to €5,265
- Depreciation +€1,391
up €1,391 (+112.9%), from €1,232 to €2,623
- Financial income +€452
up €452 (+804.8%), from €56 to €508
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 | €136,369 | €160,669 | +€24,300 | +17.8% |
| Fixed assets | 21/28 | €2,891 | €37,610 | +€34,719 | +1200.9% |
| Tangible fixed assets | 22/27 | €2,891 | €37,610 | +€34,719 | +1200.9% |
| Plant, machinery and equipment | 23 | €2,891 | €3,529 | +€638 | +22.1% |
| Furniture and vehicles | 24 | €0 | €34,081 | +€34,081 | |
| Current assets | 29/58 | €133,478 | €123,060 | -€10,419 | -7.8% |
| Amounts receivable within one year | 40/41 | €11,495 | €1,735 | -€9,760 | -84.9% |
| Trade receivables | 40 | €11,495 | €0 | -€11,495 | -100.0% |
| Other amounts receivable | 41 | €0 | €1,735 | +€1,735 | |
| Current investments | 50/53 | €35,809 | €35,809 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €85,015 | €84,247 | -€767 | -0.9% |
| Deferred charges and accrued income | 490/1 | €1,159 | €1,268 | +€109 | +9.4% |
| Total equity and liabilities | 10/49 | €136,369 | €160,669 | +€24,300 | +17.8% |
| Equity | 10/15 | €118,866 | €132,963 | +€14,097 | +11.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €100,266 | €114,363 | +€14,097 | +14.1% |
| Distributable reserves | 133 | €100,266 | €114,363 | +€14,097 | +14.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €17,503 | €27,706 | +€10,203 | +58.3% |
| Amounts payable after more than one year | 17 | - | €10,912 | +€10,912 | |
| Financial debts | 170/4 | - | €10,912 | +€10,912 | |
| Amounts payable within one year | 42/48 | €17,503 | €16,794 | -€709 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | - | €7,436 | +€7,436 | |
| Trade debts | 44 | €1,912 | €1,098 | -€815 | -42.6% |
| Suppliers | 440/4 | €1,912 | €1,098 | -€815 | -42.6% |
| Taxes, remuneration and social security | 45 | €10,729 | €5,504 | -€5,225 | -48.7% |
| Taxes | 450/3 | €7,456 | €2,343 | -€5,114 | -68.6% |
| Remuneration and social security | 454/9 | €3,273 | €3,161 | -€111 | -3.4% |
| Other amounts payable | 47/48 | €4,862 | €2,756 | -€2,105 | -43.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,232 | €2,623 | +€1,391 | +112.9% |
| Other operating charges | 640/8 | €2,308 | €2,266 | -€42 | -1.8% |
| Gross operating margin | 9900 | €33,063 | €24,273 | -€8,790 | -26.6% |
| Operating profit (loss) | 9901 | €29,523 | €19,384 | -€10,139 | -34.3% |
| Financial income | 75/76B | €56 | €508 | +€452 | +804.8% |
| Recurring financial income | 75 | €56 | €508 | +€452 | +804.8% |
| Financial charges | 65/66B | €289 | €530 | +€241 | +83.4% |
| Recurring financial charges | 65 | €289 | €530 | +€241 | +83.4% |
| Profit (loss) for the period before taxes | 9903 | €29,290 | €19,362 | -€9,928 | -33.9% |
| Income taxes | 67/77 | €8,929 | €5,265 | -€3,664 | -41.0% |
| Profit (loss) for the period | 9904 | €20,361 | €14,097 | -€6,264 | -30.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,361 | €14,097 | -€6,264 | -30.8% |
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 12 October 2026 via checked.be.