ODL Management: 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.
ODL Management
Largest movements
- Current investments -€51,845
down €51,845 (-85.0%), from €61,018 to €9,173
- Cash -€33,337
down €33,337 (-82.3%), from €40,490 to €7,153
mainly Other debts (-€257,510) and Contributions, distributions and other (-€111,297)
- Tangible fixed assets -€16,803
down €16,803 (-20.2%), from €83,374 to €66,570
- Other debts -€257,510
down €257,510 (-99.7%), from €258,384 to €874
- Debts after one year +€198,318
up €198,318 (+266%), from €74,653 to €272,971
of which Other amounts payable: +€216,176
- Contributions -€108,222
down €108,222 (-70.6%), from €153,322 to €45,100
- Reserves +€65,215
up €65,215 (+53.7%), from €121,500 to €186,715
- Financial income +€31,066
up €31,066 (+204%), from €15,193 to €46,258
of which Financial income: +€28,097
- Gross operating margin -€20,826
down €20,826 (-29.3%), from €71,085 to €50,259
- Depreciation +€16,161
up €16,161 (+2,514%), from €643 to €16,803
- Other operating charges -€8,237
down €8,237 (-84.1%), from €9,797 to €1,560
- Taxes +€2,548
up €2,548 (+55.4%), from €4,600 to €7,148
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 | €646,265 | €543,885 | -€102,379 | -15.8% |
| Fixed assets | 21/28 | €541,767 | €524,963 | -€16,803 | -3.1% |
| Tangible fixed assets | 22/27 | €83,374 | €66,570 | -€16,803 | -20.2% |
| Furniture and vehicles | 24 | €83,374 | €66,570 | -€16,803 | -20.2% |
| Financial fixed assets | 28 | €458,393 | €458,393 | = | 0.0% |
| Current assets | 29/58 | €104,498 | €18,922 | -€85,576 | -81.9% |
| Amounts receivable within one year | 40/41 | €2,990 | - | -€2,990 | |
| Other amounts receivable | 41 | €2,990 | - | -€2,990 | |
| Current investments | 50/53 | €61,018 | €9,173 | -€51,845 | -85.0% |
| Cash at bank and in hand | 54/58 | €40,490 | €7,153 | -€33,337 | -82.3% |
| Deferred charges and accrued income | 490/1 | - | €2,596 | +€2,596 | |
| Total equity and liabilities | 10/49 | €646,265 | €543,885 | -€102,379 | -15.8% |
| Equity | 10/15 | €274,897 | €231,820 | -€43,077 | -15.7% |
| Contributions | 10/11 | €153,322 | €45,100 | -€108,222 | -70.6% |
| Reserves | 13 | €121,500 | €186,715 | +€65,215 | +53.7% |
| Distributable reserves | 133 | €121,500 | €186,715 | +€65,215 | +53.7% |
| Profit (loss) carried forward | 14 | €75 | €5 | -€70 | -93.5% |
| Amounts payable | 17/49 | €371,368 | €312,065 | -€59,303 | -16.0% |
| Amounts payable after more than one year | 17 | €74,653 | €272,971 | +€198,318 | +266% |
| Financial debts | 170/4 | €74,653 | €56,795 | -€17,858 | -23.9% |
| Other amounts payable | 178/9 | - | €216,176 | +€216,176 | |
| Amounts payable within one year | 42/48 | €296,715 | €39,094 | -€257,620 | -86.8% |
| Current portion of amounts payable after more than one year | 42 | €17,347 | €17,858 | +€511 | +2.9% |
| Trade debts | 44 | €4,430 | €2,000 | -€2,430 | -54.9% |
| Suppliers | 440/4 | €4,430 | €2,000 | -€2,430 | -54.9% |
| Taxes, remuneration and social security | 45 | €16,554 | €18,363 | +€1,809 | +10.9% |
| Taxes | 450/3 | €16,554 | €18,363 | +€1,809 | +10.9% |
| Other amounts payable | 47/48 | €258,384 | €874 | -€257,510 | -99.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €643 | €16,803 | +€16,161 | +2,514% |
| Other operating charges | 640/8 | €9,797 | €1,560 | -€8,237 | -84.1% |
| Non-recurring operating charges | 66A | €23,648 | - | -€23,648 | |
| Gross operating margin | 9900 | €71,085 | €50,259 | -€20,826 | -29.3% |
| Operating profit (loss) | 9901 | €36,997 | €31,896 | -€5,101 | -13.8% |
| Financial income | 75/76B | €15,193 | €46,258 | +€31,066 | +204% |
| Recurring financial income | 75 | €15,193 | €43,290 | +€28,097 | +185% |
| Non-recurring financial income | 76B | - | €2,968 | +€2,968 | |
| Financial charges | 65/66B | €5,069 | €2,786 | -€2,283 | -45.0% |
| Recurring financial charges | 65 | €5,069 | €2,756 | -€2,313 | -45.6% |
| Non-recurring financial charges | 66B | - | €30 | +€30 | |
| Profit (loss) for the period before taxes | 9903 | €47,120 | €75,368 | +€28,247 | +59.9% |
| Income taxes | 67/77 | €4,600 | €7,148 | +€2,548 | +55.4% |
| Profit (loss) for the period | 9904 | €42,520 | €68,220 | +€25,700 | +60.4% |
| Profit (loss) for the period to be appropriated | 9905 | €42,520 | €68,220 | +€25,700 | +60.4% |
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 27 October 2026 via checked.be.