ODBE: 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.
ODBE
Largest movements
- Intangible fixed assets -€77,913
down €77,913 (-63.0%), from €123,709 to €45,796
- Receivables within one year +€62,448
up €62,448 (+213.2%), from €29,288 to €91,736
of which Other amounts receivable: +€31,858
- Tangible fixed assets -€45,625
down €45,625 (-69.2%), from €65,891 to €20,266
of which Other tangible fixed assets: -€44,584
- Financial fixed assets -€15,866
down €15,866 (-87.8%), from €18,063 to €2,197
- Cash +€14,988
up €14,988 (+81.2%), from €18,453 to €33,441
mainly Investment in fixed assets (net) (+€122,764) and Other debts (+€51,038)
- Profit (loss) carried forward -€93,878
down €93,878 (-27.6%), from -€339,799 to -€433,677
- Other debts +€51,038
up €51,038 (+18.1%), from €281,770 to €332,808
- Tax, wage and social debts -€15,671
down €15,671 (-24.3%), from €64,524 to €48,853
of which Remuneration and social security: -€12,876
- Debts after one year -€12,880
down €12,880 (-63.2%), from €20,393 to €7,513
- Trade debts -€6,202
down €6,202 (-3.0%), from €206,586 to €200,384
- Staff costs -€159,757
down €159,757 (-39.6%), from €403,360 to €243,603
- Gross operating margin -€106,512
down €106,512 (-30.8%), from €345,339 to €238,826
- Depreciation -€38,643
down €38,643 (-69.9%), from €55,284 to €16,641
- Write-downs +€36,350
new in 2025: €36,350
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 | €284,773 | €207,181 | -€77,593 | -27.2% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €207,664 | €68,259 | -€139,405 | -67.1% |
| Intangible fixed assets | 21 | €123,709 | €45,796 | -€77,913 | -63.0% |
| Tangible fixed assets | 22/27 | €65,891 | €20,266 | -€45,625 | -69.2% |
| Plant, machinery and equipment | 23 | €899 | €518 | -€381 | -42.4% |
| Furniture and vehicles | 24 | €660 | €0 | -€660 | -100.0% |
| Other tangible fixed assets | 26 | €64,332 | €19,748 | -€44,584 | -69.3% |
| Financial fixed assets | 28 | €18,063 | €2,197 | -€15,866 | -87.8% |
| Current assets | 29/58 | €77,110 | €138,922 | +€61,812 | +80.2% |
| Stocks and contracts in progress | 3 | €28,443 | €13,578 | -€14,865 | -52.3% |
| Stocks | 30/36 | €28,443 | €13,578 | -€14,865 | -52.3% |
| Amounts receivable within one year | 40/41 | €29,288 | €91,736 | +€62,448 | +213.2% |
| Trade receivables | 40 | €28,196 | €58,787 | +€30,591 | +108.5% |
| Other amounts receivable | 41 | €1,092 | €32,949 | +€31,858 | +2918.6% |
| Cash at bank and in hand | 54/58 | €18,453 | €33,441 | +€14,988 | +81.2% |
| Deferred charges and accrued income | 490/1 | €925 | €167 | -€758 | -82.0% |
| Total equity and liabilities | 10/49 | €284,773 | €207,181 | -€77,593 | -27.2% |
| Equity | 10/15 | -€300,149 | -€394,027 | -€93,878 | -31.3% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Outside capital | 11 | €19,000 | - | -€19,000 | |
| Other | 1109/19 | €19,000 | - | -€19,000 | |
| Reserves | 13 | €20,650 | €20,650 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Legal reserve | 130 | €1,900 | - | -€1,900 | |
| Reserves not available under the articles | 1311 | - | €1,900 | +€1,900 | |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€339,799 | -€433,677 | -€93,878 | -27.6% |
| Amounts payable | 17/49 | €584,922 | €601,207 | +€16,285 | +2.8% |
| Amounts payable after more than one year | 17 | €20,393 | €7,513 | -€12,880 | -63.2% |
| Financial debts | 170/4 | €20,393 | €7,513 | -€12,880 | -63.2% |
| Amounts payable within one year | 42/48 | €564,529 | €593,694 | +€29,165 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €11,649 | €11,649 | = | 0.0% |
| Trade debts | 44 | €206,586 | €200,384 | -€6,202 | -3.0% |
| Suppliers | 440/4 | €206,586 | €200,384 | -€6,202 | -3.0% |
| Taxes, remuneration and social security | 45 | €64,524 | €48,853 | -€15,671 | -24.3% |
| Taxes | 450/3 | €39,428 | €36,633 | -€2,794 | -7.1% |
| Remuneration and social security | 454/9 | €25,096 | €12,219 | -€12,876 | -51.3% |
| Other amounts payable | 47/48 | €281,770 | €332,808 | +€51,038 | +18.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | -€0 | |
| Remuneration, social security and pensions | 62 | €403,360 | €243,603 | -€159,757 | -39.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,284 | €16,641 | -€38,643 | -69.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €36,350 | +€36,350 | |
| Other operating charges | 640/8 | €507 | €1,122 | +€615 | +121.4% |
| Non-recurring operating charges | 66A | - | €34,187 | +€34,187 | |
| Gross operating margin | 9900 | €345,339 | €238,826 | -€106,512 | -30.8% |
| Operating profit (loss) | 9901 | -€113,812 | -€93,076 | +€20,736 | +18.2% |
| Financial income | 75/76B | €30 | €1 | -€30 | -98.2% |
| Recurring financial income | 75 | €30 | €1 | -€30 | -98.2% |
| Financial charges | 65/66B | €1,868 | €802 | -€1,066 | -57.1% |
| Recurring financial charges | 65 | €1,868 | €802 | -€1,066 | -57.1% |
| Profit (loss) for the period before taxes | 9903 | -€115,650 | -€93,878 | +€21,772 | +18.8% |
| Profit (loss) for the period | 9904 | -€115,650 | -€93,878 | +€21,772 | +18.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€115,650 | -€93,878 | +€21,772 | +18.8% |
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 1 October 2026 via checked.be.