ODA CAPITAL: 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.
ODA CAPITAL
Largest movements
- Cash +€53,458
up €53,458 (+147%), from €36,330 to €89,788
mainly Net result for the year (+€52,094) and Tax, wage and social debts (+€13,557)
- Deferred charges and accrued income +€6,019
up €6,019 (+120%), from €5,000 to €11,019
- Tangible fixed assets +€3,404
up €3,404 (+11.0%), from €30,904 to €34,309
of which Furniture and vehicles: +€2,347
- Receivables within one year +€1,488
up €1,488 (+18.6%), from €8,000 to €9,488
of which Other amounts receivable: +€1,488
- Reserves +€52,094
up €52,094 (+215%), from €24,228 to €76,321
- Tax, wage and social debts +€13,557
up €13,557 (+222%), from €6,102 to €19,659
- Current portion of long-term debt +€2,757
up €2,757 (+29.5%), from €9,331 to €12,088
- Debts after one year -€2,088
down €2,088 (-5.7%), from €36,446 to €34,359
- Trade debts -€1,851
down €1,851 (-73.2%), from €2,528 to €677
- Gross operating margin +€37,178
up €37,178 (+85.9%), from €43,286 to €80,464
- Taxes +€7,456
up €7,456 (+122%), from €6,102 to €13,557
- Depreciation -€1,924
down €1,924 (-58.7%), from €3,278 to €1,354
- Financial charges +€919
up €919 (+111%), from €828 to €1,747
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 | €80,234 | €144,603 | +€64,369 | +80.2% |
| Fixed assets | 21/28 | €30,904 | €34,309 | +€3,404 | +11.0% |
| Tangible fixed assets | 22/27 | €30,904 | €34,309 | +€3,404 | +11.0% |
| Furniture and vehicles | 24 | €30,904 | €33,251 | +€2,347 | +7.6% |
| Other tangible fixed assets | 26 | - | €1,058 | +€1,058 | |
| Current assets | 29/58 | €49,330 | €110,295 | +€60,964 | +124% |
| Amounts receivable within one year | 40/41 | €8,000 | €9,488 | +€1,488 | +18.6% |
| Trade receivables | 40 | €8,000 | €8,000 | = | 0.0% |
| Other amounts receivable | 41 | - | €1,488 | +€1,488 | |
| Cash at bank and in hand | 54/58 | €36,330 | €89,788 | +€53,458 | +147% |
| Deferred charges and accrued income | 490/1 | €5,000 | €11,019 | +€6,019 | +120% |
| Total equity and liabilities | 10/49 | €80,234 | €144,603 | +€64,369 | +80.2% |
| Equity | 10/15 | €25,728 | €77,821 | +€52,094 | +202% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €24,228 | €76,321 | +€52,094 | +215% |
| Distributable reserves | 133 | €24,228 | €76,321 | +€52,094 | +215% |
| Amounts payable | 17/49 | €54,507 | €66,782 | +€12,275 | +22.5% |
| Amounts payable after more than one year | 17 | €36,446 | €34,359 | -€2,088 | -5.7% |
| Financial debts | 170/4 | €36,446 | €34,359 | -€2,088 | -5.7% |
| Amounts payable within one year | 42/48 | €18,061 | €32,423 | +€14,362 | +79.5% |
| Current portion of amounts payable after more than one year | 42 | €9,331 | €12,088 | +€2,757 | +29.5% |
| Trade debts | 44 | €2,528 | €677 | -€1,851 | -73.2% |
| Suppliers | 440/4 | €2,528 | €677 | -€1,851 | -73.2% |
| Taxes, remuneration and social security | 45 | €6,102 | €19,659 | +€13,557 | +222% |
| Taxes | 450/3 | €6,102 | €19,659 | +€13,557 | +222% |
| Other amounts payable | 47/48 | €100 | - | -€100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,278 | €1,354 | -€1,924 | -58.7% |
| Other operating charges | 640/8 | €12,511 | €11,712 | -€799 | -6.4% |
| Gross operating margin | 9900 | €43,286 | €80,464 | +€37,178 | +85.9% |
| Operating profit (loss) | 9901 | €27,498 | €67,398 | +€39,900 | +145% |
| Financial charges | 65/66B | €828 | €1,747 | +€919 | +111% |
| Recurring financial charges | 65 | €828 | €1,747 | +€919 | +111% |
| Profit (loss) for the period before taxes | 9903 | €26,669 | €65,651 | +€38,982 | +146% |
| Income taxes | 67/77 | €6,102 | €13,557 | +€7,456 | +122% |
| Profit (loss) for the period | 9904 | €20,568 | €52,094 | +€31,526 | +153% |
| Profit (loss) for the period to be appropriated | 9905 | €20,568 | €52,094 | +€31,526 | +153% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.