O&D Group: 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
O&D Group
NACE 47.120, Other non-specialised retail sale
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€554,477
2024 · €317,867+€236,610
Equity
€5.5m
2024 · €4.2m+€1.3m
Cash
€207,317
2024 · €200,349+€6,969
Balance sheet total
€8.9m
2024 · €15.0m-€6.2m
Largest movements
Assets
- Stocks and contracts -€6.0m
no longer reported in 2025 (was €6.0m)
- Receivables within one year +€675,650
up €675,650 (+114%), from €592,153 to €1.3m
of which Trade receivables: +€448,877
- Current investments -€452,446
down €452,446 (-21.6%), from €2.1m to €1.6m
- Tangible fixed assets -€154,301
down €154,301 (-2.6%), from €5.8m to €5.7m
of which Land and buildings: -€103,006
Equity and liabilities
- Other debts -€6.7m
down €6.7m (-98.7%), from €6.8m to €85,195
- Profit (loss) carried forward +€835,592
up €835,592 (+23.6%), from €3.5m to €4.4m
- Debts after one year -€663,423
down €663,423 (-22.3%), from €3.0m to €2.3m
- Reserves +€331,693
up €331,693 (+91.3%), from €363,487 to €695,180
of which Tax-exempt reserves: +€315,750
- Trade debts -€182,191
down €182,191 (-33.8%), from €538,996 to €356,805
Income statement
- Turnover -€4.5m
down €4.5m (-42.9%), from €10.4m to €6.0m
- Goods and materials -€3.4m
down €3.4m (-36.4%), from €9.4m to €6.0m
of which Purchases: -€9.9m
- Services and other goods -€1.2m
down €1.2m (-59.8%), from €2.0m to €824,499
- Depreciation -€239,997
down €239,997 (-30.6%), from €784,479 to €544,481
- Other operating charges +€226,257
up €226,257 (+192%), from €117,619 to €343,876
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
€317,867
Turnover
-€4.5m
Other operating income
-€15,332
Goods and materials
+€3.4m
Services and other goods
+€1.2m
Staff costs
+€141,915
Depreciation
+€239,997
Other operating charges
-€226,257
Other operating items
+€34,329
Financial income
-€103,083
Financial charges
+€87,809
Taxes
-€85,446
Result 2025
€554,477
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
-€359,096
Investment
+€254,619
Financing
+€111,446
Cash 2024
€200,349
From operations (derived)
-€359,096
Net result for the year
+€554,477
Depreciation
+€544,481
Stocks and contracts
+€6.0m
Receivables within one year
-€675,650
Deferred charges and accrued income
+€73,404
Trade debts
-€182,191
Tax, wage and social debts
+€20,551
Other debts
-€6.7m
Accrued charges and deferred income
+€52,981
Investment (derived)
+€254,619
Investment in fixed assets (net)
-€197,827
Current investments
+€452,446
Financing
+€111,446
Debts after one year
-€663,423
Current portion of long-term debt
+€22,839
Contributions, distributions and other
+€752,030
Cash 2025
€207,317
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,047,977 | €8,890,891 | -€6.2m | -40.9% |
| Fixed assets | 21/28 | €6,031,244 | €5,684,590 | -€346,654 | -5.7% |
| Intangible fixed assets | 21 | €145,514 | - | -€145,514 | |
| Tangible fixed assets | 22/27 | €5,833,390 | €5,679,090 | -€154,301 | -2.6% |
| Land and buildings | 22 | €5,706,864 | €5,603,858 | -€103,006 | -1.8% |
| Plant, machinery and equipment | 23 | €31,189 | €18,114 | -€13,076 | -41.9% |
| Furniture and vehicles | 24 | €93,232 | €56,825 | -€36,407 | -39.0% |
| Other tangible fixed assets | 26 | €2,106 | €293 | -€1,813 | -86.1% |
| Financial fixed assets | 28 | €52,340 | €5,500 | -€46,840 | -89.5% |
| Other financial fixed assets | 284/8 | €52,340 | €5,500 | -€46,840 | -89.5% |
| Amounts receivable and cash guarantees | 285/8 | €52,340 | €5,500 | -€46,840 | -89.5% |
| Current assets | 29/58 | €9,016,733 | €3,206,302 | -€5.8m | -64.4% |
| Stocks and contracts in progress | 3 | €5,967,200 | - | -€6.0m | |
| Stocks | 30/36 | €5,967,200 | - | -€6.0m | |
| Goods purchased for resale | 34 | €5,967,200 | - | -€6.0m | |
| Amounts receivable within one year | 40/41 | €592,153 | €1,267,803 | +€675,650 | +114% |
| Trade receivables | 40 | €567,807 | €1,016,683 | +€448,877 | +79.1% |
| Other amounts receivable | 41 | €24,346 | €251,120 | +€226,773 | +931% |
| Current investments | 50/53 | €2,090,533 | €1,638,088 | -€452,446 | -21.6% |
| Other investments | 51/53 | €2,090,533 | €1,638,088 | -€452,446 | -21.6% |
| Cash at bank and in hand | 54/58 | €200,349 | €207,317 | +€6,969 | +3.5% |
| Deferred charges and accrued income | 490/1 | €166,498 | €93,094 | -€73,404 | -44.1% |
| Total equity and liabilities | 10/49 | €15,047,977 | €8,890,891 | -€6.2m | -40.9% |
| Equity | 10/15 | €4,194,924 | €5,501,431 | +€1.3m | +31.1% |
| Contributions | 10/11 | €285,126 | €424,347 | +€139,221 | +48.8% |
| Capital | 10 | €285,126 | €424,347 | +€139,221 | +48.8% |
| Issued capital | 100 | €285,126 | €424,347 | +€139,221 | +48.8% |
| Reserves | 13 | €363,487 | €695,180 | +€331,693 | +91.3% |
| Non-distributable reserves | 130/1 | €28,513 | €42,435 | +€13,922 | +48.8% |
| Legal reserve | 130 | €28,513 | €42,435 | +€13,922 | +48.8% |
| Tax-exempt reserves | 132 | €105,250 | €421,000 | +€315,750 | +300% |
| Distributable reserves | 133 | €229,724 | €231,745 | +€2,021 | +0.9% |
| Profit (loss) carried forward | 14 | €3,546,311 | €4,381,904 | +€835,592 | +23.6% |
| Amounts payable | 17/49 | €10,853,053 | €3,389,460 | -€7.5m | -68.8% |
| Amounts payable after more than one year | 17 | €2,977,418 | €2,313,995 | -€663,423 | -22.3% |
| Financial debts | 170/4 | €2,977,418 | €2,313,995 | -€663,423 | -22.3% |
| Credit institutions | 173 | €2,453,030 | €2,039,606 | -€413,423 | -16.9% |
| Other loans | 174 | €524,388 | €274,388 | -€250,000 | -47.7% |
| Amounts payable within one year | 42/48 | €7,829,579 | €976,429 | -€6.9m | -87.5% |
| Current portion of amounts payable after more than one year | 42 | €390,584 | €413,423 | +€22,839 | +5.8% |
| Trade debts | 44 | €538,996 | €356,805 | -€182,191 | -33.8% |
| Suppliers | 440/4 | €538,996 | €356,805 | -€182,191 | -33.8% |
| Taxes, remuneration and social security | 45 | €100,454 | €121,005 | +€20,551 | +20.5% |
| Taxes | 450/3 | €24,884 | €31,041 | +€6,157 | +24.7% |
| Remuneration and social security | 454/9 | €75,569 | €89,964 | +€14,395 | +19.0% |
| Other amounts payable | 47/48 | €6,799,545 | €85,195 | -€6.7m | -98.7% |
| Accrued charges and deferred income | 492/3 | €46,056 | €99,037 | +€52,981 | +115% |
| Operating income | 70/76A | €13,387,582 | €8,925,791 | -€4.5m | -33.3% |
| Turnover | 70 | €10,441,345 | €5,967,200 | -€4.5m | -42.9% |
| Other operating income | 74 | €2,946,237 | €2,930,904 | -€15,332 | -0.5% |
| Non-recurring operating income | 76A | - | €27,686 | +€27,686 | |
| Operating charges | 60/66A | €12,882,598 | €8,083,478 | -€4.8m | -37.3% |
| Goods for resale, raw materials and consumables | 60 | €9,380,020 | €5,967,200 | -€3.4m | -36.4% |
| Purchases | 600/8 | €9,920,320 | - | -€9.9m | |
| Change in stocks: decrease (increase) | 609 | -€540,300 | €5,967,200 | +€6.5m | |
| Services and other goods | 61 | €2,048,502 | €824,499 | -€1.2m | -59.8% |
| Remuneration, social security and pensions | 62 | €545,336 | €403,421 | -€141,915 | -26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €784,479 | €544,481 | -€239,997 | -30.6% |
| Other operating charges | 640/8 | €117,619 | €343,876 | +€226,257 | +192% |
| Non-recurring operating charges | 66A | €6,643 | - | -€6,643 | |
| Operating profit (loss) | 9901 | €504,984 | €842,313 | +€337,329 | +66.8% |
| Financial income | 75/76B | €165,674 | €62,592 | -€103,083 | -62.2% |
| Recurring financial income | 75 | €165,674 | €62,592 | -€103,083 | -62.2% |
| Income from current assets | 751 | €50,175 | €62,558 | +€12,383 | +24.7% |
| Other financial income | 752/9 | €115,500 | €34 | -€115,466 | -100.0% |
| Financial charges | 65/66B | €266,373 | €178,564 | -€87,809 | -33.0% |
| Recurring financial charges | 65 | €266,373 | €178,564 | -€87,809 | -33.0% |
| Debt charges | 650 | €312,870 | €166,371 | -€146,498 | -46.8% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€84,221 | €2,583 | +€86,805 | |
| Other financial charges | 652/9 | €37,725 | €9,610 | -€28,115 | -74.5% |
| Profit (loss) for the period before taxes | 9903 | €404,285 | €726,341 | +€322,056 | +79.7% |
| Income taxes | 67/77 | €86,418 | €171,864 | +€85,446 | +98.9% |
| Taxes | 670/3 | €86,418 | €171,864 | +€85,446 | +98.9% |
| Profit (loss) for the period | 9904 | €317,867 | €554,477 | +€236,610 | +74.4% |
| Transfer from tax-exempt reserves | 789 | €142,400 | - | -€142,400 | |
| Transfer to tax-exempt reserves | 689 | - | €315,750 | +€315,750 | |
| Profit (loss) for the period to be appropriated | 9905 | €460,267 | €238,727 | -€221,541 | -48.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.