ODJ: what changed
ODJ
Largest movements
- Current investments +€57,505
up €57,505 (+6.3%), from €919,640 to €977,145
- Cash -€54,166
down €54,166 (-13.4%), from €403,896 to €349,730
mainly Contributions, distributions and other (-€248,737) and Current investments (-€57,505)
- Receivables within one year -€20,800
down €20,800 (-7.2%), from €290,492 to €269,692
of which Other amounts receivable: -€19,289
- Reserves -€17,240
down €17,240 (-1.1%), from €1.5m to €1.5m
of which Distributable reserves: -€17,240
- Gross operating margin +€40,982
up €40,982 (+17.3%), from €237,362 to €278,345
- Financial income +€35,843
up €35,843 (+169%), from €21,147 to €56,990
- Financial charges +€27,787
up €27,787, from -€25,442 to €2,345
- Taxes +€13,937
up €13,937 (+16.3%), from €85,759 to €99,696
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,617,010 | €1,598,387 | -€18,624 | -1.2% |
| Fixed assets | 21/28 | €1,528 | €937 | -€591 | -38.7% |
| Tangible fixed assets | 22/27 | €1,528 | €937 | -€591 | -38.7% |
| Furniture and vehicles | 24 | €1,528 | €937 | -€591 | -38.7% |
| Current assets | 29/58 | €1,615,482 | €1,597,450 | -€18,032 | -1.1% |
| Amounts receivable within one year | 40/41 | €290,492 | €269,692 | -€20,800 | -7.2% |
| Trade receivables | 40 | €34,787 | €33,275 | -€1,512 | -4.3% |
| Other amounts receivable | 41 | €255,706 | €236,417 | -€19,289 | -7.5% |
| Current investments | 50/53 | €919,640 | €977,145 | +€57,505 | +6.3% |
| Cash at bank and in hand | 54/58 | €403,896 | €349,730 | -€54,166 | -13.4% |
| Deferred charges and accrued income | 490/1 | €1,454 | €882 | -€572 | -39.3% |
| Total equity and liabilities | 10/49 | €1,617,010 | €1,598,387 | -€18,624 | -1.2% |
| Equity | 10/15 | €1,551,365 | €1,534,126 | -€17,240 | -1.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,538,965 | €1,521,726 | -€17,240 | -1.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,538,965 | €1,521,726 | -€17,240 | -1.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €65,645 | €64,261 | -€1,384 | -2.1% |
| Amounts payable within one year | 42/48 | €65,645 | €64,261 | -€1,384 | -2.1% |
| Trade debts | 44 | €4,391 | €2,868 | -€1,524 | -34.7% |
| Suppliers | 440/4 | €4,391 | €2,868 | -€1,524 | -34.7% |
| Taxes, remuneration and social security | 45 | €56,772 | €57,668 | +€895 | +1.6% |
| Taxes | 450/3 | €56,772 | €55,418 | -€1,355 | -2.4% |
| Remuneration and social security | 454/9 | €0 | €2,250 | +€2,250 | |
| Other amounts payable | 47/48 | €4,481 | €3,726 | -€755 | -16.9% |
| Non-recurring operating income | 76A | €8,000 | €21,000 | +€13,000 | +163% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €591 | €591 | = | 0.0% |
| Other operating charges | 640/8 | €1,346 | €1,205 | -€141 | -10.5% |
| Gross operating margin | 9900 | €237,362 | €278,345 | +€40,982 | +17.3% |
| Operating profit (loss) | 9901 | €235,425 | €276,549 | +€41,123 | +17.5% |
| Financial income | 75/76B | €21,147 | €56,990 | +€35,843 | +169% |
| Recurring financial income | 75 | €21,147 | €56,990 | +€35,843 | +169% |
| Financial charges | 65/66B | -€25,442 | €2,345 | +€27,787 | |
| Recurring financial charges | 65 | -€25,442 | €2,345 | +€27,787 | |
| Profit (loss) for the period before taxes | 9903 | €282,015 | €331,194 | +€49,179 | +17.4% |
| Income taxes | 67/77 | €85,759 | €99,696 | +€13,937 | +16.3% |
| Profit (loss) for the period | 9904 | €196,256 | €231,497 | +€35,242 | +18.0% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €196,256 | €231,497 | +€35,242 | +18.0% |
Next steps
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.