ODD 2300: 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.
ODD 2300
Largest movements
- Receivables within one year +€119,182
up €119,182 (+320%), from €37,254 to €156,436
of which Other amounts receivable: +€110,515
- Cash -€74,162
down €74,162 (-63.0%), from €117,777 to €43,615
mainly Receivables within one year (-€119,182) and Deferred charges and accrued income (-€16,016)
- Deferred charges and accrued income +€16,016
up €16,016 (+1,068%), from €1,500 to €17,516
- Tangible fixed assets -€2,459
down €2,459 (-44.0%), from €5,592 to €3,133
of which Furniture and vehicles: -€3,589
- Reserves +€47,894
up €47,894 (+31.5%), from €152,230 to €200,124
- Current portion of long-term debt +€9,267
new in 2025: €9,267
- Tax, wage and social debts +€3,984
up €3,984 (+171%), from €2,326 to €6,310
- Trade debts -€2,567
no longer reported in 2025 (was €2,567)
- Gross operating margin +€30,823
up €30,823 (+64.4%), from €47,846 to €78,670
- Taxes +€4,955
up €4,955 (+49.4%), from €10,021 to €14,976
- Financial charges +€4,844
up €4,844 (+539%), from €899 to €5,743
- Depreciation +€1,887
up €1,887 (+47.6%), from €3,961 to €5,848
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 | €162,123 | €220,700 | +€58,578 | +36.1% |
| Fixed assets | 21/28 | €5,592 | €3,133 | -€2,459 | -44.0% |
| Tangible fixed assets | 22/27 | €5,592 | €3,133 | -€2,459 | -44.0% |
| Plant, machinery and equipment | 23 | €2,002 | €3,133 | +€1,131 | +56.5% |
| Furniture and vehicles | 24 | €3,589 | - | -€3,589 | |
| Current assets | 29/58 | €156,531 | €217,567 | +€61,036 | +39.0% |
| Amounts receivable within one year | 40/41 | €37,254 | €156,436 | +€119,182 | +320% |
| Trade receivables | 40 | €9,965 | €18,632 | +€8,667 | +87.0% |
| Other amounts receivable | 41 | €27,288 | €137,804 | +€110,515 | +405% |
| Cash at bank and in hand | 54/58 | €117,777 | €43,615 | -€74,162 | -63.0% |
| Deferred charges and accrued income | 490/1 | €1,500 | €17,516 | +€16,016 | +1,068% |
| Total equity and liabilities | 10/49 | €162,123 | €220,700 | +€58,578 | +36.1% |
| Equity | 10/15 | €157,230 | €205,124 | +€47,894 | +30.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €152,230 | €200,124 | +€47,894 | +31.5% |
| Distributable reserves | 133 | €152,230 | €200,124 | +€47,894 | +31.5% |
| Amounts payable | 17/49 | €4,892 | €15,576 | +€10,684 | +218% |
| Amounts payable within one year | 42/48 | €4,892 | €15,576 | +€10,684 | +218% |
| Current portion of amounts payable after more than one year | 42 | - | €9,267 | +€9,267 | |
| Trade debts | 44 | €2,567 | - | -€2,567 | |
| Suppliers | 440/4 | €2,567 | - | -€2,567 | |
| Taxes, remuneration and social security | 45 | €2,326 | €6,310 | +€3,984 | +171% |
| Taxes | 450/3 | €2,326 | €6,310 | +€3,984 | +171% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,961 | €5,848 | +€1,887 | +47.6% |
| Other operating charges | 640/8 | €3,421 | €3,349 | -€71 | -2.1% |
| Gross operating margin | 9900 | €47,846 | €78,670 | +€30,823 | +64.4% |
| Operating profit (loss) | 9901 | €40,465 | €69,472 | +€29,007 | +71.7% |
| Financial charges | 65/66B | €899 | €5,743 | +€4,844 | +539% |
| Recurring financial charges | 65 | €899 | €5,743 | +€4,844 | +539% |
| Profit (loss) for the period before taxes | 9903 | €39,566 | €63,729 | +€24,163 | +61.1% |
| Income taxes | 67/77 | €10,021 | €14,976 | +€4,955 | +49.4% |
| Profit (loss) for the period | 9904 | €29,545 | €48,753 | +€19,208 | +65.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,545 | €48,753 | +€19,208 | +65.0% |
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 13 October 2026 via checked.be.