ODM: 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.
ODM
Largest movements
- Receivables within one year +€333,977
up €333,977 (+200.0%), from €166,991 to €500,968
of which Other amounts receivable: +€265,147
- Cash +€11,248
up €11,248 (+39.1%), from €28,738 to €39,986
mainly Net result for the year (+€312,600) and Other debts (+€280,000)
- Deferred charges and accrued income +€8,709
up €8,709 (+45381.8%), from €19 to €8,728
- Other debts +€280,000
new in 2025: €280,000
- Tax, wage and social debts +€74,320
up €74,320 (+97.5%), from €76,226 to €150,546
- Reserves +€32,600
up €32,600 (+592.7%), from €5,500 to €38,100
- Debts after one year -€31,745
down €31,745 (-51.4%), from €61,820 to €30,075
- Trade debts -€6,566
down €6,566 (-70.5%), from €9,313 to €2,747
- Gross operating margin +€361,282
up €361,282 (+525.4%), from €68,764 to €430,046
- Taxes +€96,375
up €96,375 (+590.1%), from €16,331 to €112,706
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 | €213,959 | €563,463 | +€349,504 | +163.4% |
| Fixed assets | 21/28 | €18,211 | €13,781 | -€4,431 | -24.3% |
| Tangible fixed assets | 22/27 | €18,211 | €13,781 | -€4,431 | -24.3% |
| Furniture and vehicles | 24 | €18,211 | €13,781 | -€4,431 | -24.3% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €195,748 | €549,682 | +€353,934 | +180.8% |
| Amounts receivable within one year | 40/41 | €166,991 | €500,968 | +€333,977 | +200.0% |
| Trade receivables | 40 | €8,632 | €77,463 | +€68,831 | +797.4% |
| Other amounts receivable | 41 | €158,358 | €423,505 | +€265,147 | +167.4% |
| Cash at bank and in hand | 54/58 | €28,738 | €39,986 | +€11,248 | +39.1% |
| Deferred charges and accrued income | 490/1 | €19 | €8,728 | +€8,709 | +45381.8% |
| Total equity and liabilities | 10/49 | €213,959 | €563,463 | +€349,504 | +163.4% |
| Equity | 10/15 | €33,147 | €65,747 | +€32,600 | +98.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,500 | €38,100 | +€32,600 | +592.7% |
| Distributable reserves | 133 | €5,500 | €38,100 | +€32,600 | +592.7% |
| Profit (loss) carried forward | 14 | €9,047 | €9,047 | = | 0.0% |
| Amounts payable | 17/49 | €180,812 | €497,716 | +€316,904 | +175.3% |
| Amounts payable after more than one year | 17 | €61,820 | €30,075 | -€31,745 | -51.4% |
| Financial debts | 170/4 | €61,820 | €30,075 | -€31,745 | -51.4% |
| Amounts payable within one year | 42/48 | €118,718 | €467,640 | +€348,922 | +293.9% |
| Current portion of amounts payable after more than one year | 42 | €33,180 | €34,348 | +€1,168 | +3.5% |
| Trade debts | 44 | €9,313 | €2,747 | -€6,566 | -70.5% |
| Suppliers | 440/4 | €9,313 | €2,747 | -€6,566 | -70.5% |
| Taxes, remuneration and social security | 45 | €76,226 | €150,546 | +€74,320 | +97.5% |
| Taxes | 450/3 | €76,226 | €150,546 | +€74,320 | +97.5% |
| Other amounts payable | 47/48 | - | €280,000 | +€280,000 | |
| Accrued charges and deferred income | 492/3 | €273 | - | -€273 | |
| Non-recurring operating income | 76A | - | €27,388 | +€27,388 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,374 | €5,097 | +€3,723 | +270.8% |
| Other operating charges | 640/8 | €1,712 | €1,880 | +€168 | +9.8% |
| Non-recurring operating charges | 66A | €191 | - | -€191 | |
| Gross operating margin | 9900 | €68,764 | €430,046 | +€361,282 | +525.4% |
| Operating profit (loss) | 9901 | €65,487 | €423,070 | +€357,583 | +546.0% |
| Financial income | 75/76B | €7,020 | €8,728 | +€1,708 | +24.3% |
| Recurring financial income | 75 | €7,020 | €8,728 | +€1,708 | +24.3% |
| Financial charges | 65/66B | €4,176 | €6,492 | +€2,316 | +55.5% |
| Recurring financial charges | 65 | €4,176 | €6,492 | +€2,316 | +55.5% |
| Profit (loss) for the period before taxes | 9903 | €68,331 | €425,306 | +€356,975 | +522.4% |
| Income taxes | 67/77 | €16,331 | €112,706 | +€96,375 | +590.1% |
| Profit (loss) for the period | 9904 | €52,000 | €312,600 | +€260,600 | +501.2% |
| Profit (loss) for the period to be appropriated | 9905 | €52,000 | €312,600 | +€260,600 | +501.2% |
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 3 October 2026 via checked.be.