Odiel Defraeye: what changed
What changed
Odiel Defraeye
NACE 70.100, Activities of head offices
filed annual accounts (NBB)
Net result for the year
€24,995
2024 · €24,102+€893
Equity
€432,954
2024 · €407,959+€24,995
Cash
€24,515
2024 · €17,922+€6,593
Balance sheet total
€1.3m
2024 · €1.4m-€90,040
Largest movements
Assets
- Tangible fixed assets -€55,365
down €55,365 (-5.5%), from €1.0m to €952,270
- Receivables within one year -€34,992
down €34,992 (-9.6%), from €365,683 to €330,691
of which Other amounts receivable: -€31,149
Equity and liabilities
- Debts after one year -€88,128
down €88,128 (-16.0%), from €550,940 to €462,812
- Other debts -€26,366
down €26,366 (-7.8%), from €340,000 to €313,634
- Reserves +€24,995
up €24,995 (+22.7%), from €110,158 to €135,153
of which Distributable reserves: +€24,995
Income statement
- Financial charges +€16,169
up €16,169 (+86.0%), from €18,805 to €34,973
- Gross operating margin +€11,775
up €11,775 (+11.2%), from €105,341 to €117,116
- Financial income +€5,799
up €5,799 (+81.1%), from €7,153 to €12,952
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€24,102
Gross operating margin
+€11,775
Other operating charges
-€135
Financial income
+€5,799
Financial charges
-€16,169
Taxes
-€378
Result 2025
€24,995
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€91,348
Investment
€0
Financing
-€84,755
Cash 2024
€17,922
From operations (derived)
+€91,348
Net result for the year
+€24,995
Depreciation
+€55,365
Receivables within one year
+€34,992
Deferred charges and accrued income
+€6,276
Trade debts
-€3,380
Other debts
-€26,366
Accrued charges and deferred income
-€534
Financing
-€84,755
Debts after one year
-€88,128
Current portion of long-term debt
+€1,745
Short-term financial debts
+€1,628
Cash 2025
€24,515
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,397,516 | €1,307,476 | -€90,040 | -6.4% |
| Fixed assets | 21/28 | €1,007,635 | €952,270 | -€55,365 | -5.5% |
| Tangible fixed assets | 22/27 | €1,007,635 | €952,270 | -€55,365 | -5.5% |
| Land and buildings | 22 | €1,007,635 | €952,270 | -€55,365 | -5.5% |
| Current assets | 29/58 | €389,881 | €355,206 | -€34,675 | -8.9% |
| Amounts receivable within one year | 40/41 | €365,683 | €330,691 | -€34,992 | -9.6% |
| Trade receivables | 40 | €3,842 | - | -€3,842 | |
| Other amounts receivable | 41 | €361,840 | €330,691 | -€31,149 | -8.6% |
| Cash at bank and in hand | 54/58 | €17,922 | €24,515 | +€6,593 | +36.8% |
| Deferred charges and accrued income | 490/1 | €6,276 | - | -€6,276 | |
| Total equity and liabilities | 10/49 | €1,397,516 | €1,307,476 | -€90,040 | -6.4% |
| Equity | 10/15 | €407,959 | €432,954 | +€24,995 | +6.1% |
| Contributions | 10/11 | €297,801 | €297,801 | = | 0.0% |
| Reserves | 13 | €110,158 | €135,153 | +€24,995 | +22.7% |
| Non-distributable reserves | 130/1 | €30,980 | €30,980 | = | 0.0% |
| Reserves not available under the articles | 1311 | €30,980 | €30,980 | = | 0.0% |
| Tax-exempt reserves | 132 | €26,443 | €26,443 | = | 0.0% |
| Distributable reserves | 133 | €52,735 | €77,730 | +€24,995 | +47.4% |
| Amounts payable | 17/49 | €989,557 | €874,522 | -€115,034 | -11.6% |
| Amounts payable after more than one year | 17 | €550,940 | €462,812 | -€88,128 | -16.0% |
| Financial debts | 170/4 | €550,940 | €462,812 | -€88,128 | -16.0% |
| Amounts payable within one year | 42/48 | €436,956 | €410,584 | -€26,372 | -6.0% |
| Current portion of amounts payable after more than one year | 42 | €86,038 | €87,783 | +€1,745 | +2.0% |
| Financial debts | 43 | €7,538 | €9,167 | +€1,628 | +21.6% |
| Credit institutions | 430/8 | €7,538 | €9,167 | +€1,628 | +21.6% |
| Trade debts | 44 | €3,380 | - | -€3,380 | |
| Suppliers | 440/4 | €3,380 | - | -€3,380 | |
| Other amounts payable | 47/48 | €340,000 | €313,634 | -€26,366 | -7.8% |
| Accrued charges and deferred income | 492/3 | €1,660 | €1,126 | -€534 | -32.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,365 | €55,365 | = | 0.0% |
| Other operating charges | 640/8 | €6,064 | €6,198 | +€135 | +2.2% |
| Gross operating margin | 9900 | €105,341 | €117,116 | +€11,775 | +11.2% |
| Operating profit (loss) | 9901 | €43,913 | €55,553 | +€11,640 | +26.5% |
| Financial income | 75/76B | €7,153 | €12,952 | +€5,799 | +81.1% |
| Recurring financial income | 75 | €7,153 | €12,952 | +€5,799 | +81.1% |
| Financial charges | 65/66B | €18,805 | €34,973 | +€16,169 | +86.0% |
| Recurring financial charges | 65 | €18,805 | €34,973 | +€16,169 | +86.0% |
| Profit (loss) for the period before taxes | 9903 | €32,261 | €33,532 | +€1,271 | +3.9% |
| Income taxes | 67/77 | €8,160 | €8,538 | +€378 | +4.6% |
| Profit (loss) for the period | 9904 | €24,102 | €24,995 | +€893 | +3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,102 | €24,995 | +€893 | +3.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.