ODBU: 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.
ODBU
Largest movements
- Receivables within one year +€557,190
up €557,190 (+33.7%), from €1.7m to €2.2m
of which Other amounts receivable: +€548,123
- Tangible fixed assets -€65,360
down €65,360 (-12.3%), from €533,056 to €467,695
of which Furniture and vehicles: -€33,911
- Other debts +€603,521
up €603,521 (+69.0%), from €874,776 to €1.5m
- Profit (loss) carried forward -€85,162
down €85,162 (-54.8%), from €155,497 to €70,336
- Gross operating margin -€110,231
down €110,231, from €104,829 to -€5,402
- Depreciation +€13,666
up €13,666 (+26.1%), from €52,447 to €66,113
- Financial income +€5,011
up €5,011 (+41.9%), from €11,974 to €16,986
- Other operating charges -€1,444
down €1,444 (-36.7%), from €3,931 to €2,488
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 | €2,218,062 | €2,712,785 | +€494,723 | +22.3% |
| Fixed assets | 21/28 | €534,038 | €468,645 | -€65,392 | -12.2% |
| Intangible fixed assets | 21 | €32 | - | -€32 | |
| Tangible fixed assets | 22/27 | €533,056 | €467,695 | -€65,360 | -12.3% |
| Plant, machinery and equipment | 23 | €329,026 | €304,999 | -€24,027 | -7.3% |
| Furniture and vehicles | 24 | €173,585 | €139,674 | -€33,911 | -19.5% |
| Other tangible fixed assets | 26 | €30,445 | €23,022 | -€7,423 | -24.4% |
| Financial fixed assets | 28 | €950 | €950 | = | 0.0% |
| Current assets | 29/58 | €1,684,024 | €2,244,140 | +€560,115 | +33.3% |
| Amounts receivable within one year | 40/41 | €1,654,307 | €2,211,497 | +€557,190 | +33.7% |
| Trade receivables | 40 | €26,349 | €35,415 | +€9,066 | +34.4% |
| Other amounts receivable | 41 | €1,627,959 | €2,176,082 | +€548,123 | +33.7% |
| Cash at bank and in hand | 54/58 | €19,996 | €17,246 | -€2,750 | -13.8% |
| Deferred charges and accrued income | 490/1 | €9,720 | €15,396 | +€5,676 | +58.4% |
| Total equity and liabilities | 10/49 | €2,218,062 | €2,712,785 | +€494,723 | +22.3% |
| Equity | 10/15 | €1,175,902 | €1,090,741 | -€85,162 | -7.2% |
| Contributions | 10/11 | €1,018,550 | €1,018,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €155,497 | €70,336 | -€85,162 | -54.8% |
| Amounts payable | 17/49 | €1,042,159 | €1,622,044 | +€579,885 | +55.6% |
| Amounts payable after more than one year | 17 | €81,653 | €60,080 | -€21,574 | -26.4% |
| Financial debts | 170/4 | €81,653 | €60,080 | -€21,574 | -26.4% |
| Amounts payable within one year | 42/48 | €913,949 | €1,506,702 | +€592,753 | +64.9% |
| Current portion of amounts payable after more than one year | 42 | €22,804 | €23,349 | +€544 | +2.4% |
| Trade debts | 44 | €15,880 | €3,773 | -€12,107 | -76.2% |
| Suppliers | 440/4 | €15,880 | €3,773 | -€12,107 | -76.2% |
| Taxes, remuneration and social security | 45 | €489 | €1,285 | +€796 | +162.8% |
| Taxes | 450/3 | €489 | €1,285 | +€796 | +162.8% |
| Other amounts payable | 47/48 | €874,776 | €1,478,296 | +€603,521 | +69.0% |
| Accrued charges and deferred income | 492/3 | €46,557 | €55,262 | +€8,705 | +18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,447 | €66,113 | +€13,666 | +26.1% |
| Other operating charges | 640/8 | €3,931 | €2,488 | -€1,444 | -36.7% |
| Non-recurring operating charges | 66A | - | €1,538 | +€1,538 | |
| Gross operating margin | 9900 | €104,829 | -€5,402 | -€110,231 | |
| Operating profit (loss) | 9901 | €48,451 | -€75,541 | -€123,992 | |
| Financial income | 75/76B | €11,974 | €16,986 | +€5,011 | +41.9% |
| Recurring financial income | 75 | €11,974 | €16,986 | +€5,011 | +41.9% |
| Financial charges | 65/66B | €25,683 | €26,619 | +€936 | +3.6% |
| Recurring financial charges | 65 | €25,683 | €26,619 | +€936 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €34,742 | -€85,174 | -€119,916 | |
| Income taxes | 67/77 | €548 | -€13 | -€561 | |
| Profit (loss) for the period | 9904 | €34,194 | -€85,162 | -€119,355 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,194 | -€85,162 | -€119,355 |
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 2 October 2026 via checked.be.