O VODA: 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.
O VODA
Largest movements
- Tangible fixed assets +€88,494
up €88,494 (+24.0%), from €368,807 to €457,301
of which Land and buildings: +€87,743
- Debts after one year +€86,407
up €86,407 (+22.1%), from €391,202 to €477,609
- Profit (loss) carried forward -€74,577
down €74,577 (-145.4%), from -€51,293 to -€125,870
- Other debts +€72,500
up €72,500 (+258.7%), from €28,021 to €100,522
- Gross operating margin -€11,767
down €11,767 (-70.6%), from €16,659 to €4,892
- Depreciation +€8,840
up €8,840 (+25.2%), from €35,063 to €43,903
- Financial charges +€2,961
up €2,961 (+9.5%), from €31,071 to €34,033
- Taxes -€257
down €257 (-100.0%), from €257 to €0
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 | €389,361 | €483,211 | +€93,850 | +24.1% |
| Fixed assets | 21/28 | €368,807 | €457,301 | +€88,494 | +24.0% |
| Tangible fixed assets | 22/27 | €368,807 | €457,301 | +€88,494 | +24.0% |
| Land and buildings | 22 | €345,153 | €432,896 | +€87,743 | +25.4% |
| Plant, machinery and equipment | 23 | €3,791 | €3,586 | -€205 | -5.4% |
| Furniture and vehicles | 24 | €19,864 | €20,820 | +€956 | +4.8% |
| Current assets | 29/58 | €20,554 | €25,910 | +€5,356 | +26.1% |
| Stocks and contracts in progress | 3 | - | €1,076 | +€1,076 | |
| Stocks | 30/36 | - | €1,076 | +€1,076 | |
| Amounts receivable within one year | 40/41 | €16,582 | €13,099 | -€3,483 | -21.0% |
| Trade receivables | 40 | €14,079 | €9,243 | -€4,836 | -34.4% |
| Other amounts receivable | 41 | €2,503 | €3,856 | +€1,353 | +54.0% |
| Cash at bank and in hand | 54/58 | €3,743 | €8,192 | +€4,450 | +118.9% |
| Deferred charges and accrued income | 490/1 | €229 | €3,543 | +€3,314 | +1447.1% |
| Total equity and liabilities | 10/49 | €389,361 | €483,211 | +€93,850 | +24.1% |
| Equity | 10/15 | -€48,293 | -€122,870 | -€74,577 | -154.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,293 | -€125,870 | -€74,577 | -145.4% |
| Amounts payable | 17/49 | €437,654 | €606,082 | +€168,428 | +38.5% |
| Amounts payable after more than one year | 17 | €391,202 | €477,609 | +€86,407 | +22.1% |
| Financial debts | 170/4 | €391,202 | €477,609 | +€86,407 | +22.1% |
| Amounts payable within one year | 42/48 | €46,452 | €125,481 | +€79,028 | +170.1% |
| Current portion of amounts payable after more than one year | 42 | €9,798 | €14,275 | +€4,476 | +45.7% |
| Financial debts | 43 | - | €0 | = | |
| Credit institutions | 430/8 | - | €0 | = | |
| Trade debts | 44 | €8,375 | €10,526 | +€2,151 | +25.7% |
| Suppliers | 440/4 | €8,375 | €10,526 | +€2,151 | +25.7% |
| Taxes, remuneration and social security | 45 | €257 | €158 | -€99 | -38.6% |
| Taxes | 450/3 | €257 | €158 | -€99 | -38.6% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €28,021 | €100,522 | +€72,500 | +258.7% |
| Accrued charges and deferred income | 492/3 | €0 | €2,992 | +€2,992 | |
| Turnover | 70 | €0 | €0 | = | |
| Non-recurring operating income | 76A | - | €728 | +€728 | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,063 | €43,903 | +€8,840 | +25.2% |
| Other operating charges | 640/8 | €1,577 | €1,573 | -€5 | -0.3% |
| Gross operating margin | 9900 | €16,659 | €4,892 | -€11,767 | -70.6% |
| Operating profit (loss) | 9901 | -€19,981 | -€40,583 | -€20,603 | -103.1% |
| Financial income | 75/76B | €16 | €39 | +€22 | +137.1% |
| Recurring financial income | 75 | €16 | €39 | +€22 | +137.1% |
| Financial charges | 65/66B | €31,071 | €34,033 | +€2,961 | +9.5% |
| Recurring financial charges | 65 | €31,071 | €34,033 | +€2,961 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | -€51,036 | -€74,577 | -€23,542 | -46.1% |
| Income taxes | 67/77 | €257 | €0 | -€257 | -100.0% |
| Profit (loss) for the period | 9904 | -€51,293 | -€74,577 | -€23,284 | -45.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€51,293 | -€74,577 | -€23,284 | -45.4% |
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 3 October 2026 via checked.be.