Od-Lo: 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-Lo
Largest movements
- Receivables within one year +€106,403
up €106,403 (+18.0%), from €591,649 to €698,052
of which Other amounts receivable: +€100,183
- Tangible fixed assets -€44,370
down €44,370 (-96.5%), from €45,995 to €1,625
- Cash +€17,174
up €17,174 (+9.5%), from €181,627 to €198,801
mainly Other debts (+€234,325) and Net result for the year (+€75,328)
- Other debts +€234,325
new in 2025: €234,325
- Profit (loss) carried forward -€149,672
down €149,672 (-54.7%), from €273,558 to €123,886
- Tax, wage and social debts -€37,751
down €37,751 (-24.3%), from €155,404 to €117,654
of which Remuneration and social security: -€41,605
- Trade debts +€22,192
up €22,192 (+171.8%), from €12,918 to €35,110
- Gross operating margin -€386,662
down €386,662 (-38.4%), from €1.0m to €621,486
- Staff costs -€348,440
down €348,440 (-41.2%), from €846,017 to €497,576
- Depreciation -€14,989
down €14,989 (-91.9%), from €16,318 to €1,329
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 | €825,080 | €898,675 | +€73,594 | +8.9% |
| Fixed assets | 21/28 | €46,072 | €1,702 | -€44,370 | -96.3% |
| Tangible fixed assets | 22/27 | €45,995 | €1,625 | -€44,370 | -96.5% |
| Furniture and vehicles | 24 | €45,995 | €1,625 | -€44,370 | -96.5% |
| Financial fixed assets | 28 | €77 | €77 | = | 0.0% |
| Current assets | 29/58 | €779,008 | €896,973 | +€117,965 | +15.1% |
| Amounts receivable within one year | 40/41 | €591,649 | €698,052 | +€106,403 | +18.0% |
| Trade receivables | 40 | €471,610 | €477,829 | +€6,220 | +1.3% |
| Other amounts receivable | 41 | €120,040 | €220,223 | +€100,183 | +83.5% |
| Cash at bank and in hand | 54/58 | €181,627 | €198,801 | +€17,174 | +9.5% |
| Deferred charges and accrued income | 490/1 | €5,732 | €120 | -€5,612 | -97.9% |
| Total equity and liabilities | 10/49 | €825,080 | €898,675 | +€73,594 | +8.9% |
| Equity | 10/15 | €656,758 | €507,086 | -€149,672 | -22.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €321,200 | €321,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €315,000 | €315,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €273,558 | €123,886 | -€149,672 | -54.7% |
| Amounts payable | 17/49 | €168,322 | €391,589 | +€223,266 | +132.6% |
| Amounts payable after more than one year | 17 | - | €4,500 | +€4,500 | |
| Other amounts payable | 178/9 | - | €4,500 | +€4,500 | |
| Amounts payable within one year | 42/48 | €168,322 | €387,089 | +€218,766 | +130.0% |
| Trade debts | 44 | €12,918 | €35,110 | +€22,192 | +171.8% |
| Suppliers | 440/4 | €12,918 | €35,110 | +€22,192 | +171.8% |
| Taxes, remuneration and social security | 45 | €155,404 | €117,654 | -€37,751 | -24.3% |
| Taxes | 450/3 | €73,237 | €77,092 | +€3,855 | +5.3% |
| Remuneration and social security | 454/9 | €82,167 | €40,562 | -€41,605 | -50.6% |
| Other amounts payable | 47/48 | - | €234,325 | +€234,325 | |
| Non-recurring operating income | 76A | €18,825 | €976 | -€17,848 | -94.8% |
| Remuneration, social security and pensions | 62 | €846,017 | €497,576 | -€348,440 | -41.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,318 | €1,329 | -€14,989 | -91.9% |
| Other operating charges | 640/8 | €13,178 | €4,147 | -€9,031 | -68.5% |
| Non-recurring operating charges | 66A | €50,365 | €3,080 | -€47,285 | -93.9% |
| Gross operating margin | 9900 | €1,008,149 | €621,486 | -€386,662 | -38.4% |
| Operating profit (loss) | 9901 | €82,270 | €115,353 | +€33,083 | +40.2% |
| Financial income | 75/76B | €230 | €163 | -€67 | -29.1% |
| Recurring financial income | 75 | €230 | €163 | -€67 | -29.1% |
| Financial charges | 65/66B | €5,322 | €6,673 | +€1,351 | +25.4% |
| Recurring financial charges | 65 | €5,322 | €6,673 | +€1,351 | +25.4% |
| Profit (loss) for the period before taxes | 9903 | €77,177 | €108,842 | +€31,665 | +41.0% |
| Income taxes | 67/77 | €41,874 | €33,514 | -€8,360 | -20.0% |
| Profit (loss) for the period | 9904 | €35,303 | €75,328 | +€40,025 | +113.4% |
| Profit (loss) for the period to be appropriated | 9905 | €35,303 | €75,328 | +€40,025 | +113.4% |
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 4 October 2026 via checked.be.