ODN 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.
ODN MANAGEMENT
Largest movements
- Receivables within one year -€75,390
down €75,390 (-52.6%), from €143,241 to €67,852
of which Other amounts receivable: -€81,668
- Cash +€7,610
up €7,610 (+332.8%), from €2,287 to €9,897
mainly Receivables within one year (+€75,390) and Net result for the year (+€32,610)
- Tangible fixed assets -€5,446
down €5,446 (-32.9%), from €16,539 to €11,093
of which Furniture and vehicles: -€3,762
- Deferred charges and accrued income +€2,802
up €2,802 (+80.2%), from €3,494 to €6,296
- Other debts -€94,448
down €94,448 (-100.0%), from €94,448 to €0
- Reserves +€23,469
up €23,469 (+63.5%), from €36,988 to €60,458
- Short-term financial debts -€20,039
down €20,039 (-100.0%), from €20,039 to €0
- Trade debts +€9,767
up €9,767 (+252.2%), from €3,873 to €13,639
- Profit (loss) carried forward +€9,141
up €9,141, from -€9,141 to €0
- Gross operating margin +€51,464
up €51,464 (+1432.6%), from €3,592 to €55,056
- Taxes +€9,561
up €9,561 (+4388.2%), from €218 to €9,779
- Financial income +€3,375
new in 2025: €3,375
- Other operating charges -€1,208
down €1,208 (-67.7%), from €1,785 to €577
- Financial charges -€860
down €860 (-19.6%), from €4,378 to €3,518
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 | €165,561 | €95,137 | -€70,424 | -42.5% |
| Fixed assets | 21/28 | €16,539 | €11,093 | -€5,446 | -32.9% |
| Tangible fixed assets | 22/27 | €16,539 | €11,093 | -€5,446 | -32.9% |
| Land and buildings | 22 | €9,633 | €8,123 | -€1,510 | -15.7% |
| Plant, machinery and equipment | 23 | €1,383 | €1,208 | -€175 | -12.7% |
| Furniture and vehicles | 24 | €5,524 | €1,763 | -€3,762 | -68.1% |
| Current assets | 29/58 | €149,021 | €84,044 | -€64,977 | -43.6% |
| Amounts receivable within one year | 40/41 | €143,241 | €67,852 | -€75,390 | -52.6% |
| Trade receivables | 40 | - | €6,278 | +€6,278 | |
| Other amounts receivable | 41 | €143,241 | €61,573 | -€81,668 | -57.0% |
| Cash at bank and in hand | 54/58 | €2,287 | €9,897 | +€7,610 | +332.8% |
| Deferred charges and accrued income | 490/1 | €3,494 | €6,296 | +€2,802 | +80.2% |
| Total equity and liabilities | 10/49 | €165,561 | €95,137 | -€70,424 | -42.5% |
| Equity | 10/15 | €32,847 | €65,458 | +€32,610 | +99.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €36,988 | €60,458 | +€23,469 | +63.5% |
| Distributable reserves | 133 | €36,988 | €60,458 | +€23,469 | +63.5% |
| Profit (loss) carried forward | 14 | -€9,141 | €0 | +€9,141 | |
| Amounts payable | 17/49 | €132,713 | €29,679 | -€103,034 | -77.6% |
| Amounts payable within one year | 42/48 | €132,713 | €29,679 | -€103,034 | -77.6% |
| Financial debts | 43 | €20,039 | €0 | -€20,039 | -100.0% |
| Credit institutions | 430/8 | €20,039 | €0 | -€20,039 | -100.0% |
| Trade debts | 44 | €3,873 | €13,639 | +€9,767 | +252.2% |
| Suppliers | 440/4 | €3,873 | €13,639 | +€9,767 | +252.2% |
| Taxes, remuneration and social security | 45 | €14,353 | €16,040 | +€1,687 | +11.8% |
| Taxes | 450/3 | €14,353 | €16,040 | +€1,687 | +11.8% |
| Other amounts payable | 47/48 | €94,448 | €0 | -€94,448 | -100.0% |
| Remuneration, social security and pensions | 62 | €722 | €0 | -€722 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,649 | €5,446 | -€203 | -3.6% |
| Other operating charges | 640/8 | €1,785 | €577 | -€1,208 | -67.7% |
| Non-recurring operating charges | 66A | - | €6,500 | +€6,500 | |
| Gross operating margin | 9900 | €3,592 | €55,056 | +€51,464 | +1432.6% |
| Operating profit (loss) | 9901 | -€4,564 | €42,533 | +€47,097 | |
| Financial income | 75/76B | - | €3,375 | +€3,375 | |
| Recurring financial income | 75 | - | €3,375 | +€3,375 | |
| Financial charges | 65/66B | €4,378 | €3,518 | -€860 | -19.6% |
| Recurring financial charges | 65 | €4,378 | €3,518 | -€860 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | -€8,942 | €42,389 | +€51,331 | |
| Income taxes | 67/77 | €218 | €9,779 | +€9,561 | +4388.2% |
| Profit (loss) for the period | 9904 | -€9,160 | €32,610 | +€41,770 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,160 | €32,610 | +€41,770 |
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 12 October 2026 via checked.be.