ODB IMMO: 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.
ODB IMMO
Largest movements
- Tangible fixed assets +€270,071
up €270,071 (+131.4%), from €205,597 to €475,668
of which Land and buildings: +€271,299
- Cash -€23,989
down €23,989 (-75.0%), from €31,973 to €7,984
mainly Investment in fixed assets (net) (-€290,730) and Net result for the year (-€11,139)
- Debts after one year +€245,905
new in 2025: €245,905
- Current portion of long-term debt +€11,952
new in 2025: €11,952
- Profit (loss) carried forward -€11,139
down €11,139, from €4,442 to -€6,697
- Depreciation +€8,815
up €8,815 (+74.4%), from €11,845 to €20,659
- Financial charges +€5,368
new in 2025: €5,368
- Gross operating margin +€1,280
up €1,280 (+7.4%), from €17,238 to €18,518
- Other operating charges +€730
up €730 (+25.1%), from €2,904 to €3,634
- Taxes -€622
no longer reported in 2025 (was €622)
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 | €256,634 | €503,352 | +€246,717 | +96.1% |
| Fixed assets | 21/28 | €205,597 | €475,668 | +€270,071 | +131.4% |
| Tangible fixed assets | 22/27 | €205,597 | €475,668 | +€270,071 | +131.4% |
| Land and buildings | 22 | €198,806 | €470,105 | +€271,299 | +136.5% |
| Other tangible fixed assets | 26 | €6,791 | €5,563 | -€1,228 | -18.1% |
| Current assets | 29/58 | €51,037 | €27,684 | -€23,353 | -45.8% |
| Amounts receivable within one year | 40/41 | €19,013 | €19,469 | +€455 | +2.4% |
| Trade receivables | 40 | - | €16,050 | +€16,050 | |
| Other amounts receivable | 41 | €19,013 | €3,419 | -€15,595 | -82.0% |
| Cash at bank and in hand | 54/58 | €31,973 | €7,984 | -€23,989 | -75.0% |
| Deferred charges and accrued income | 490/1 | €51 | €231 | +€180 | +354.7% |
| Total equity and liabilities | 10/49 | €256,634 | €503,352 | +€246,717 | +96.1% |
| Equity | 10/15 | €253,042 | €241,903 | -€11,139 | -4.4% |
| Contributions | 10/11 | €248,600 | €248,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,442 | -€6,697 | -€11,139 | |
| Amounts payable | 17/49 | €3,592 | €261,449 | +€257,857 | +7178.4% |
| Amounts payable after more than one year | 17 | - | €245,905 | +€245,905 | |
| Financial debts | 170/4 | - | €245,905 | +€245,905 | |
| Amounts payable within one year | 42/48 | €3,592 | €15,544 | +€11,952 | +332.7% |
| Current portion of amounts payable after more than one year | 42 | - | €11,952 | +€11,952 | |
| Other amounts payable | 47/48 | €3,592 | €3,592 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,845 | €20,659 | +€8,815 | +74.4% |
| Other operating charges | 640/8 | €2,904 | €3,634 | +€730 | +25.1% |
| Gross operating margin | 9900 | €17,238 | €18,518 | +€1,280 | +7.4% |
| Operating profit (loss) | 9901 | €2,489 | -€5,775 | -€8,265 | |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | - | €5,368 | +€5,368 | |
| Recurring financial charges | 65 | - | €5,368 | +€5,368 | |
| Profit (loss) for the period before taxes | 9903 | €2,489 | -€11,139 | -€13,628 | |
| Income taxes | 67/77 | €622 | - | -€622 | |
| Profit (loss) for the period | 9904 | €1,867 | -€11,139 | -€13,006 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,867 | -€11,139 | -€13,006 |
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.