OD CONSULT: 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.
OD CONSULT
Largest movements
- Receivables after one year +€132,824
up €132,824 (+81.7%), from €162,653 to €295,477
- Receivables within one year +€104,583
up €104,583 (+8075.9%), from €1,295 to €105,878
of which Trade receivables: +€104,585
- Cash -€71,253
down €71,253 (-80.4%), from €88,615 to €17,362
mainly Contributions, distributions and other (-€190,883) and Receivables after one year (-€132,824)
- Tangible fixed assets +€9,387
up €9,387 (+2.9%), from €318,950 to €328,337
of which Land and buildings: +€21,668
- Short-term financial debts +€99,927
up €99,927 (+1178.9%), from €8,476 to €108,403
- Debts after one year +€67,256
up €67,256 (+32.0%), from €210,187 to €277,443
- Other debts -€46,941
down €46,941 (-21.5%), from €217,904 to €170,963
- Current portion of long-term debt +€41,882
up €41,882 (+55.7%), from €75,141 to €117,023
- Tax, wage and social debts +€11,377
up €11,377 (+28.8%), from €39,525 to €50,902
- Financial income -€120,198
down €120,198 (-93.9%), from €128,072 to €7,874
- Gross operating margin +€101,818
up €101,818 (+53.9%), from €189,056 to €290,874
- Taxes +€25,629
up €25,629 (+71.2%), from €36,016 to €61,645
- Depreciation +€8,136
up €8,136 (+43.5%), from €18,695 to €26,831
- Financial charges +€4,978
up €4,978 (+45.1%), from €11,044 to €16,022
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 | €574,565 | €750,617 | +€176,051 | +30.6% |
| Fixed assets | 21/28 | €319,455 | €328,842 | +€9,387 | +2.9% |
| Tangible fixed assets | 22/27 | €318,950 | €328,337 | +€9,387 | +2.9% |
| Land and buildings | 22 | €264,127 | €285,795 | +€21,668 | +8.2% |
| Plant, machinery and equipment | 23 | €46,086 | €37,495 | -€8,591 | -18.6% |
| Furniture and vehicles | 24 | €8,737 | €5,047 | -€3,690 | -42.2% |
| Financial fixed assets | 28 | €505 | €505 | = | 0.0% |
| Current assets | 29/58 | €255,111 | €421,775 | +€166,664 | +65.3% |
| Amounts receivable after more than one year | 29 | €162,653 | €295,477 | +€132,824 | +81.7% |
| Other amounts receivable | 291 | €162,653 | €295,477 | +€132,824 | +81.7% |
| Amounts receivable within one year | 40/41 | €1,295 | €105,878 | +€104,583 | +8075.9% |
| Trade receivables | 40 | - | €104,585 | +€104,585 | |
| Other amounts receivable | 41 | €1,295 | €1,293 | -€2 | -0.1% |
| Cash at bank and in hand | 54/58 | €88,615 | €17,362 | -€71,253 | -80.4% |
| Deferred charges and accrued income | 490/1 | €2,547 | €3,057 | +€510 | +20.0% |
| Total equity and liabilities | 10/49 | €574,565 | €750,617 | +€176,051 | +30.6% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €0 | - | = | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €554,105 | €730,157 | +€176,051 | +31.8% |
| Amounts payable after more than one year | 17 | €210,187 | €277,443 | +€67,256 | +32.0% |
| Financial debts | 170/4 | €210,187 | €277,443 | +€67,256 | +32.0% |
| Amounts payable within one year | 42/48 | €343,919 | €452,714 | +€108,796 | +31.6% |
| Current portion of amounts payable after more than one year | 42 | €75,141 | €117,023 | +€41,882 | +55.7% |
| Financial debts | 43 | €8,476 | €108,403 | +€99,927 | +1178.9% |
| Credit institutions | 430/8 | €8,476 | €108,403 | +€99,927 | +1178.9% |
| Trade debts | 44 | €2,873 | €5,423 | +€2,551 | +88.8% |
| Suppliers | 440/4 | €2,873 | €5,423 | +€2,551 | +88.8% |
| Taxes, remuneration and social security | 45 | €39,525 | €50,902 | +€11,377 | +28.8% |
| Taxes | 450/3 | €39,525 | €50,902 | +€11,377 | +28.8% |
| Other amounts payable | 47/48 | €217,904 | €170,963 | -€46,941 | -21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,695 | €26,831 | +€8,136 | +43.5% |
| Other operating charges | 640/8 | €1,865 | €3,366 | +€1,501 | +80.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €189,056 | €290,874 | +€101,818 | +53.9% |
| Operating profit (loss) | 9901 | €168,496 | €260,677 | +€92,181 | +54.7% |
| Financial income | 75/76B | €128,072 | €7,874 | -€120,198 | -93.9% |
| Recurring financial income | 75 | €128,072 | €7,874 | -€120,198 | -93.9% |
| Financial charges | 65/66B | €11,044 | €16,022 | +€4,978 | +45.1% |
| Recurring financial charges | 65 | €11,044 | €16,022 | +€4,978 | +45.1% |
| Profit (loss) for the period before taxes | 9903 | €285,524 | €252,529 | -€32,995 | -11.6% |
| Income taxes | 67/77 | €36,016 | €61,645 | +€25,629 | +71.2% |
| Profit (loss) for the period | 9904 | €249,507 | €190,883 | -€58,624 | -23.5% |
| Profit (loss) for the period to be appropriated | 9905 | €249,507 | €190,883 | -€58,624 | -23.5% |
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 7 October 2026 via checked.be.