ODEPHAN: 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.
ODEPHAN
Largest movements
- Receivables within one year -€126,792
down €126,792 (-99.2%), from €127,760 to €968
of which Other amounts receivable: -€127,760
- Tangible fixed assets -€47,025
down €47,025 (-6.9%), from €686,034 to €639,009
of which Land and buildings: -€61,098
- Other debts -€89,131
down €89,131 (-40.9%), from €217,933 to €128,802
- Debts after one year -€43,778
down €43,778 (-10.9%), from €403,070 to €359,291
- Profit (loss) carried forward -€24,563
down €24,563 (-32.5%), from -€75,563 to -€100,126
- Current portion of long-term debt -€10,867
down €10,867 (-25.8%), from €42,091 to €31,224
- Gross operating margin -€158,120
down €158,120 (-68.8%), from €229,929 to €71,808
- Staff costs -€10,808
down €10,808 (-95.1%), from €11,369 to €561
- Other operating charges -€7,319
down €7,319 (-66.8%), from €10,951 to €3,633
- Depreciation +€4,126
up €4,126 (+5.5%), from €75,632 to €79,759
- Financial charges -€3,280
down €3,280 (-20.8%), from €15,739 to €12,459
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €831,129 | €661,659 | -€169,470 | -20.4% |
| Fixed assets | 21/28 | €686,629 | €639,604 | -€47,025 | -6.8% |
| Tangible fixed assets | 22/27 | €686,034 | €639,009 | -€47,025 | -6.9% |
| Land and buildings | 22 | €628,313 | €567,215 | -€61,098 | -9.7% |
| Plant, machinery and equipment | 23 | €56,281 | €60,368 | +€4,087 | +7.3% |
| Furniture and vehicles | 24 | €1,440 | €11,427 | +€9,987 | +693.5% |
| Financial fixed assets | 28 | €595 | €595 | = | 0.0% |
| Current assets | 29/58 | €144,500 | €22,055 | -€122,445 | -84.7% |
| Amounts receivable within one year | 40/41 | €127,760 | €968 | -€126,792 | -99.2% |
| Trade receivables | 40 | - | €968 | +€968 | |
| Other amounts receivable | 41 | €127,760 | - | -€127,760 | |
| Cash at bank and in hand | 54/58 | €13,475 | €19,378 | +€5,903 | +43.8% |
| Deferred charges and accrued income | 490/1 | €3,265 | €1,709 | -€1,556 | -47.7% |
| Total equity and liabilities | 10/49 | €831,129 | €661,659 | -€169,470 | -20.4% |
| Equity | 10/15 | €126,437 | €101,874 | -€24,563 | -19.4% |
| Contributions | 10/11 | €170,000 | €170,000 | = | 0.0% |
| Reserves | 13 | €32,000 | €32,000 | = | 0.0% |
| Distributable reserves | 133 | €32,000 | €32,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€75,563 | -€100,126 | -€24,563 | -32.5% |
| Amounts payable | 17/49 | €704,691 | €559,785 | -€144,907 | -20.6% |
| Amounts payable after more than one year | 17 | €403,070 | €359,291 | -€43,778 | -10.9% |
| Financial debts | 170/4 | €403,070 | €359,291 | -€43,778 | -10.9% |
| Amounts payable within one year | 42/48 | €301,622 | €200,493 | -€101,128 | -33.5% |
| Current portion of amounts payable after more than one year | 42 | €42,091 | €31,224 | -€10,867 | -25.8% |
| Trade debts | 44 | €36,451 | €39,629 | +€3,178 | +8.7% |
| Suppliers | 440/4 | €36,451 | €39,629 | +€3,178 | +8.7% |
| Taxes, remuneration and social security | 45 | €5,146 | €838 | -€4,308 | -83.7% |
| Taxes | 450/3 | €398 | €838 | +€440 | +110.8% |
| Remuneration and social security | 454/9 | €4,748 | - | -€4,748 | |
| Other amounts payable | 47/48 | €217,933 | €128,802 | -€89,131 | -40.9% |
| Remuneration, social security and pensions | 62 | €11,369 | €561 | -€10,808 | -95.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,632 | €79,759 | +€4,126 | +5.5% |
| Other operating charges | 640/8 | €10,951 | €3,633 | -€7,319 | -66.8% |
| Gross operating margin | 9900 | €229,929 | €71,808 | -€158,120 | -68.8% |
| Operating profit (loss) | 9901 | €131,976 | -€12,144 | -€144,120 | |
| Financial income | 75/76B | €52 | €40 | -€12 | -23.2% |
| Recurring financial income | 75 | €52 | €40 | -€12 | -23.2% |
| Financial charges | 65/66B | €15,739 | €12,459 | -€3,280 | -20.8% |
| Recurring financial charges | 65 | €15,739 | €12,459 | -€3,280 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | €116,289 | -€24,563 | -€140,852 | |
| Profit (loss) for the period | 9904 | €116,289 | -€24,563 | -€140,852 | |
| Profit (loss) for the period to be appropriated | 9905 | €116,289 | -€24,563 | -€140,852 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.