OdB-Invest: what changed
What changed
OdB-Invest
filed annual accounts (NBB)
Net result for the year
€67,963
2024 · -€7,702+€75,665
Equity
€392,789
2024 · €324,826+€67,963
Cash
€2,232
2024 · €2,592-€360
Balance sheet total
€564,114
2024 · €918,509-€354,395
Largest movements
Assets
- Stocks and contracts -€368,598
no longer reported in 2025 (was €368,598)
- Receivables within one year +€28,993
up €28,993 (+9.2%), from €315,600 to €344,593
- Tangible fixed assets -€14,583
down €14,583 (-6.3%), from €231,467 to €216,884
Equity and liabilities
- Short-term financial debts -€267,569
down €267,569 (-99.1%), from €270,000 to €2,431
- Other debts -€103,052
no longer reported in 2025 (was €103,052)
- Profit (loss) carried forward +€67,963
up €67,963 (+37.4%), from €181,826 to €249,789
- Debts after one year -€21,289
down €21,289 (-14.7%), from €144,538 to €123,249
- Advances received -€21,000
no longer reported in 2025 (was €21,000)
Income statement
- Gross operating margin +€82,287
up €82,287 (+489%), from €16,832 to €99,120
- Taxes +€21,936
new in 2025: €21,936
- Financial charges -€16,848
down €16,848 (-65.8%), from €25,605 to €8,757
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€7,702
Gross operating margin
+€82,287
Other operating charges
-€682
Financial income
-€852
Financial charges
+€16,848
Taxes
-€21,936
Result 2025
€67,963
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€288,318
Investment
€0
Financing
-€288,678
Cash 2024
€2,592
From operations (derived)
+€288,318
Net result for the year
+€67,963
Depreciation
+€14,583
Stocks and contracts
+€368,598
Receivables within one year
-€28,993
Smaller working-capital items
-€442
Tax, wage and social debts
-€7,942
Advances received
-€21,000
Other debts
-€103,052
Accrued charges and deferred income
-€1,397
Financing
-€288,678
Debts after one year
-€21,289
Current portion of long-term debt
+€180
Short-term financial debts
-€267,569
Cash 2025
€2,232
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €918,509 | €564,114 | -€354,395 | -38.6% |
| Fixed assets | 21/28 | €231,467 | €216,884 | -€14,583 | -6.3% |
| Tangible fixed assets | 22/27 | €231,467 | €216,884 | -€14,583 | -6.3% |
| Land and buildings | 22 | €231,467 | €216,884 | -€14,583 | -6.3% |
| Current assets | 29/58 | €687,041 | €347,229 | -€339,812 | -49.5% |
| Stocks and contracts in progress | 3 | €368,598 | - | -€368,598 | |
| Stocks | 30/36 | €368,598 | - | -€368,598 | |
| Amounts receivable within one year | 40/41 | €315,600 | €344,593 | +€28,993 | +9.2% |
| Other amounts receivable | 41 | €315,600 | €344,593 | +€28,993 | +9.2% |
| Cash at bank and in hand | 54/58 | €2,592 | €2,232 | -€360 | -13.9% |
| Deferred charges and accrued income | 490/1 | €252 | €405 | +€153 | +61.0% |
| Total equity and liabilities | 10/49 | €918,509 | €564,114 | -€354,395 | -38.6% |
| Equity | 10/15 | €324,826 | €392,789 | +€67,963 | +20.9% |
| Contributions | 10/11 | €130,000 | €130,000 | = | 0.0% |
| Reserves | 13 | €13,000 | €13,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,000 | €13,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,000 | €13,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €181,826 | €249,789 | +€67,963 | +37.4% |
| Amounts payable | 17/49 | €593,683 | €171,325 | -€422,358 | -71.1% |
| Amounts payable after more than one year | 17 | €144,538 | €123,249 | -€21,289 | -14.7% |
| Financial debts | 170/4 | €144,538 | €123,249 | -€21,289 | -14.7% |
| Amounts payable within one year | 42/48 | €445,952 | €46,280 | -€399,672 | -89.6% |
| Current portion of amounts payable after more than one year | 42 | €21,109 | €21,289 | +€180 | +0.9% |
| Financial debts | 43 | €270,000 | €2,431 | -€267,569 | -99.1% |
| Credit institutions | 430/8 | €270,000 | €2,431 | -€267,569 | -99.1% |
| Trade debts | 44 | €912 | €623 | -€288 | -31.6% |
| Suppliers | 440/4 | €912 | €623 | -€288 | -31.6% |
| Advances received on contracts in progress | 46 | €21,000 | - | -€21,000 | |
| Taxes, remuneration and social security | 45 | €29,878 | €21,936 | -€7,942 | -26.6% |
| Taxes | 450/3 | €29,878 | €21,936 | -€7,942 | -26.6% |
| Other amounts payable | 47/48 | €103,052 | - | -€103,052 | |
| Accrued charges and deferred income | 492/3 | €3,193 | €1,796 | -€1,397 | -43.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,583 | €14,583 | = | 0.0% |
| Other operating charges | 640/8 | €2,695 | €3,377 | +€682 | +25.3% |
| Gross operating margin | 9900 | €16,832 | €99,120 | +€82,287 | +489% |
| Operating profit (loss) | 9901 | -€445 | €81,160 | +€81,605 | |
| Financial income | 75/76B | €18,348 | €17,496 | -€852 | -4.6% |
| Recurring financial income | 75 | €18,348 | €17,496 | -€852 | -4.6% |
| Financial charges | 65/66B | €25,605 | €8,757 | -€16,848 | -65.8% |
| Recurring financial charges | 65 | €25,605 | €8,757 | -€16,848 | -65.8% |
| Profit (loss) for the period before taxes | 9903 | -€7,702 | €89,899 | +€97,601 | |
| Income taxes | 67/77 | - | €21,936 | +€21,936 | |
| Profit (loss) for the period | 9904 | -€7,702 | €67,963 | +€75,665 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,702 | €67,963 | +€75,665 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.