ODDS & OVERLAY: 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.
ODDS & OVERLAY
Largest movements
- Cash -€358,947
down €358,947 (-96.9%), from €370,344 to €11,397
mainly Contributions, distributions and other (-€586,279) and Current investments (-€103,630)
- Current investments +€103,630
up €103,630 (+11.9%), from €870,000 to €973,630
- Deferred charges and accrued income -€91,565
no longer reported in 2025 (was €91,565)
- Receivables within one year +€72,108
up €72,108 (+417.6%), from €17,267 to €89,374
of which Other amounts receivable: +€51,873
- Tangible fixed assets -€63,695
down €63,695 (-98.3%), from €64,814 to €1,120
of which Furniture and vehicles: -€64,276
- Profit (loss) carried forward -€461,279
down €461,279 (-100.0%), from €461,279 to €0
- Other debts +€96,319
new in 2025: €96,319
- Gross operating margin -€106,483
down €106,483 (-33.0%), from €322,407 to €215,924
- Taxes -€27,336
down €27,336 (-32.0%), from €85,462 to €58,127
- Financial income +€7,518
new in 2025: €7,518
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 | €1,414,081 | €1,075,611 | -€338,470 | -23.9% |
| Fixed assets | 21/28 | €64,904 | €1,210 | -€63,695 | -98.1% |
| Tangible fixed assets | 22/27 | €64,814 | €1,120 | -€63,695 | -98.3% |
| Plant, machinery and equipment | 23 | - | €581 | +€581 | |
| Furniture and vehicles | 24 | €64,814 | €538 | -€64,276 | -99.2% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €1,349,177 | €1,074,401 | -€274,776 | -20.4% |
| Amounts receivable within one year | 40/41 | €17,267 | €89,374 | +€72,108 | +417.6% |
| Trade receivables | 40 | €17,267 | €37,501 | +€20,234 | +117.2% |
| Other amounts receivable | 41 | - | €51,873 | +€51,873 | |
| Current investments | 50/53 | €870,000 | €973,630 | +€103,630 | +11.9% |
| Cash at bank and in hand | 54/58 | €370,344 | €11,397 | -€358,947 | -96.9% |
| Deferred charges and accrued income | 490/1 | €91,565 | - | -€91,565 | |
| Total equity and liabilities | 10/49 | €1,414,081 | €1,075,611 | -€338,470 | -23.9% |
| Equity | 10/15 | €1,308,411 | €858,657 | -€449,753 | -34.4% |
| Contributions | 10/11 | €20,405 | €20,405 | = | 0.0% |
| Reserves | 13 | €826,727 | €838,252 | +€11,526 | +1.4% |
| Distributable reserves | 133 | €826,727 | €838,252 | +€11,526 | +1.4% |
| Profit (loss) carried forward | 14 | €461,279 | €0 | -€461,279 | -100.0% |
| Amounts payable | 17/49 | €105,670 | €216,953 | +€111,283 | +105.3% |
| Amounts payable within one year | 42/48 | €105,670 | €216,953 | +€111,283 | +105.3% |
| Trade debts | 44 | €14,722 | €20,157 | +€5,435 | +36.9% |
| Suppliers | 440/4 | €14,722 | €20,157 | +€5,435 | +36.9% |
| Taxes, remuneration and social security | 45 | €90,948 | €100,477 | +€9,529 | +10.5% |
| Taxes | 450/3 | €87,656 | €91,034 | +€3,378 | +3.9% |
| Remuneration and social security | 454/9 | €3,292 | €9,443 | +€6,151 | +186.8% |
| Other amounts payable | 47/48 | - | €96,319 | +€96,319 | |
| Remuneration, social security and pensions | 62 | €1,350 | €3,888 | +€2,538 | +188.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,350 | €23,098 | -€252 | -1.1% |
| Other operating charges | 640/8 | €1,936 | €1,705 | -€232 | -12.0% |
| Non-recurring operating charges | 66A | €15,149 | - | -€15,149 | |
| Gross operating margin | 9900 | €322,407 | €215,924 | -€106,483 | -33.0% |
| Operating profit (loss) | 9901 | €280,622 | €187,233 | -€93,389 | -33.3% |
| Financial income | 75/76B | - | €7,518 | +€7,518 | |
| Recurring financial income | 75 | - | €7,518 | +€7,518 | |
| Financial charges | 65/66B | €88 | €99 | +€12 | +13.2% |
| Recurring financial charges | 65 | €88 | €99 | +€12 | +13.2% |
| Profit (loss) for the period before taxes | 9903 | €280,535 | €194,652 | -€85,882 | -30.6% |
| Income taxes | 67/77 | €85,462 | €58,127 | -€27,336 | -32.0% |
| Profit (loss) for the period | 9904 | €195,072 | €136,526 | -€58,547 | -30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €195,072 | €136,526 | -€58,547 | -30.0% |
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.