ODR: 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.
ODR
Largest movements
- Cash -€59,847
down €59,847 (-13.4%), from €446,715 to €386,868
mainly Other debts (-€100,473) and Tax, wage and social debts (-€29,141)
- Stocks and contracts +€8,686
up €8,686 (+20.6%), from €42,210 to €50,896
- Tangible fixed assets -€6,757
down €6,757 (-39.8%), from €16,972 to €10,215
of which Plant, machinery and equipment: -€4,043
- Other debts -€100,473
down €100,473 (-100.0%), from €100,473 to €0
- Reserves +€89,687
up €89,687 (+29.3%), from €306,193 to €395,880
- Tax, wage and social debts -€29,141
down €29,141 (-55.1%), from €52,856 to €23,715
of which Taxes: -€29,141
- Debts after one year -€11,094
down €11,094 (-49.6%), from €22,387 to €11,293
- Trade debts -€6,536
down €6,536 (-35.1%), from €18,604 to €12,068
- Write-downs +€18,423
up €18,423, from -€18,423 to €0
- Taxes -€4,635
down €4,635 (-15.2%), from €30,418 to €25,783
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 | €517,428 | €460,193 | -€57,235 | -11.1% |
| Fixed assets | 21/28 | €21,991 | €14,721 | -€7,270 | -33.1% |
| Intangible fixed assets | 21 | €1,220 | €706 | -€514 | -42.1% |
| Tangible fixed assets | 22/27 | €16,972 | €10,215 | -€6,757 | -39.8% |
| Plant, machinery and equipment | 23 | €4,043 | €0 | -€4,043 | -100.0% |
| Furniture and vehicles | 24 | €7,307 | €5,543 | -€1,764 | -24.1% |
| Other tangible fixed assets | 26 | €5,622 | €4,672 | -€950 | -16.9% |
| Financial fixed assets | 28 | €3,800 | €3,800 | = | 0.0% |
| Current assets | 29/58 | €495,436 | €445,472 | -€49,964 | -10.1% |
| Stocks and contracts in progress | 3 | €42,210 | €50,896 | +€8,686 | +20.6% |
| Stocks | 30/36 | €42,210 | €50,896 | +€8,686 | +20.6% |
| Amounts receivable within one year | 40/41 | €3,100 | €4,344 | +€1,244 | +40.1% |
| Trade receivables | 40 | €1,642 | €3,247 | +€1,605 | +97.8% |
| Other amounts receivable | 41 | €1,458 | €1,097 | -€362 | -24.8% |
| Cash at bank and in hand | 54/58 | €446,715 | €386,868 | -€59,847 | -13.4% |
| Deferred charges and accrued income | 490/1 | €3,411 | €3,364 | -€47 | -1.4% |
| Total equity and liabilities | 10/49 | €517,428 | €460,193 | -€57,235 | -11.1% |
| Equity | 10/15 | €312,193 | €401,880 | +€89,687 | +28.7% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €306,193 | €395,880 | +€89,687 | +29.3% |
| Distributable reserves | 133 | €306,193 | €395,880 | +€89,687 | +29.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €205,234 | €58,313 | -€146,921 | -71.6% |
| Amounts payable after more than one year | 17 | €22,387 | €11,293 | -€11,094 | -49.6% |
| Financial debts | 170/4 | €22,387 | €11,293 | -€11,094 | -49.6% |
| Amounts payable within one year | 42/48 | €182,847 | €47,020 | -€135,827 | -74.3% |
| Current portion of amounts payable after more than one year | 42 | €10,899 | €11,094 | +€195 | +1.8% |
| Financial debts | 43 | €14 | €142 | +€128 | +913.4% |
| Credit institutions | 430/8 | €14 | €142 | +€128 | +913.4% |
| Trade debts | 44 | €18,604 | €12,068 | -€6,536 | -35.1% |
| Suppliers | 440/4 | €18,604 | €12,068 | -€6,536 | -35.1% |
| Taxes, remuneration and social security | 45 | €52,856 | €23,715 | -€29,141 | -55.1% |
| Taxes | 450/3 | €50,456 | €21,315 | -€29,141 | -57.8% |
| Remuneration and social security | 454/9 | €2,400 | €2,400 | = | 0.0% |
| Other amounts payable | 47/48 | €100,473 | €0 | -€100,473 | -100.0% |
| Remuneration, social security and pensions | 62 | €55 | €0 | -€55 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,630 | €7,930 | +€301 | +3.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€18,423 | €0 | +€18,423 | |
| Other operating charges | 640/8 | €593 | €513 | -€80 | -13.5% |
| Gross operating margin | 9900 | €121,255 | €121,836 | +€581 | +0.5% |
| Operating profit (loss) | 9901 | €131,400 | €113,392 | -€18,007 | -13.7% |
| Financial income | 75/76B | €2,140 | €3,238 | +€1,098 | +51.3% |
| Recurring financial income | 75 | €2,140 | €3,238 | +€1,098 | +51.3% |
| Financial charges | 65/66B | €1,496 | €1,160 | -€336 | -22.5% |
| Recurring financial charges | 65 | €1,496 | €1,160 | -€336 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €132,043 | €115,470 | -€16,573 | -12.6% |
| Income taxes | 67/77 | €30,418 | €25,783 | -€4,635 | -15.2% |
| Profit (loss) for the period | 9904 | €101,625 | €89,687 | -€11,938 | -11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €101,625 | €89,687 | -€11,938 | -11.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.