O.D MANAGEMENT: 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.D MANAGEMENT
Largest movements
- Receivables within one year +€41,447
up €41,447 (+23.0%), from €180,549 to €221,997
of which Trade receivables: +€42,960
- Tangible fixed assets -€24,074
down €24,074 (-4.2%), from €569,495 to €545,421
of which Assets under construction and advance payments: -€87,123
- Other debts +€51,664
up €51,664 (+26.0%), from €198,691 to €250,354
- Debts after one year -€23,398
down €23,398 (-5.3%), from €439,978 to €416,580
- Profit (loss) carried forward -€10,344
down €10,344 (-108%), from -€9,563 to -€19,908
- Current portion of long-term debt +€9,517
up €9,517 (+68.6%), from €13,881 to €23,398
- Gross operating margin +€19,810
up €19,810 (+93.2%), from €21,254 to €41,064
- Financial charges +€14,159
up €14,159 (+2,860%), from €495 to €14,654
of which Financial charges: +€9,014
- Taxes +€5,524
up €5,524, from -€1,600 to €3,924
- Depreciation +€2,690
up €2,690 (+16.6%), from €16,239 to €18,929
- Other operating charges +€2,360
up €2,360 (+335%), from €705 to €3,065
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €750,370 | €767,949 | +€17,579 | +2.3% |
| Fixed assets | 21/28 | €569,495 | €545,421 | -€24,074 | -4.2% |
| Tangible fixed assets | 22/27 | €569,495 | €545,421 | -€24,074 | -4.2% |
| Land and buildings | 22 | €480,579 | €544,677 | +€64,098 | +13.3% |
| Furniture and vehicles | 24 | €1,793 | €744 | -€1,049 | -58.5% |
| Assets under construction and advance payments | 27 | €87,123 | €0 | -€87,123 | -100% |
| Current assets | 29/58 | €180,875 | €222,528 | +€41,653 | +23.0% |
| Amounts receivable within one year | 40/41 | €180,549 | €221,997 | +€41,447 | +23.0% |
| Trade receivables | 40 | €179,037 | €221,997 | +€42,960 | +24.0% |
| Other amounts receivable | 41 | €1,513 | €0 | -€1,513 | -100% |
| Cash at bank and in hand | 54/58 | €325 | €348 | +€23 | +7.2% |
| Deferred charges and accrued income | 490/1 | - | €183 | +€183 | |
| Total equity and liabilities | 10/49 | €750,370 | €767,949 | +€17,579 | +2.3% |
| Equity | 10/15 | €57,810 | €47,465 | -€10,344 | -17.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €62,373 | €62,373 | = | 0.0% |
| Distributable reserves | 133 | €62,373 | €62,373 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,563 | -€19,908 | -€10,344 | -108% |
| Amounts payable | 17/49 | €692,560 | €720,483 | +€27,923 | +4.0% |
| Amounts payable after more than one year | 17 | €439,978 | €416,580 | -€23,398 | -5.3% |
| Financial debts | 170/4 | €439,978 | €416,580 | -€23,398 | -5.3% |
| Amounts payable within one year | 42/48 | €252,459 | €303,903 | +€51,444 | +20.4% |
| Current portion of amounts payable after more than one year | 42 | €13,881 | €23,398 | +€9,517 | +68.6% |
| Trade debts | 44 | €31,288 | €24,779 | -€6,509 | -20.8% |
| Suppliers | 440/4 | €31,288 | €24,779 | -€6,509 | -20.8% |
| Taxes, remuneration and social security | 45 | €8,600 | €5,372 | -€3,228 | -37.5% |
| Taxes | 450/3 | €3,600 | €5,372 | +€1,772 | +49.2% |
| Remuneration and social security | 454/9 | €5,000 | €0 | -€5,000 | -100% |
| Other amounts payable | 47/48 | €198,691 | €250,354 | +€51,664 | +26.0% |
| Accrued charges and deferred income | 492/3 | €123 | €0 | -€123 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,239 | €18,929 | +€2,690 | +16.6% |
| Other operating charges | 640/8 | €705 | €3,065 | +€2,360 | +335% |
| Non-recurring operating charges | 66A | €14,979 | €10,837 | -€4,142 | -27.7% |
| Gross operating margin | 9900 | €21,254 | €41,064 | +€19,810 | +93.2% |
| Operating profit (loss) | 9901 | -€10,669 | €8,234 | +€18,903 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €495 | €14,654 | +€14,159 | +2,860% |
| Recurring financial charges | 65 | €495 | €9,509 | +€9,014 | +1,821% |
| Non-recurring financial charges | 66B | - | €5,146 | +€5,146 | |
| Profit (loss) for the period before taxes | 9903 | -€11,164 | -€6,421 | +€4,743 | +42.5% |
| Income taxes | 67/77 | -€1,600 | €3,924 | +€5,524 | |
| Profit (loss) for the period | 9904 | -€9,563 | -€10,344 | -€781 | -8.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,563 | -€10,344 | -€781 | -8.2% |
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 24 October 2026 via checked.be.