ODU Management: 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.
ODU Management
Largest movements
- Tangible fixed assets +€593,552
up €593,552 (+1322.4%), from €44,883 to €638,435
of which Land and buildings: +€606,234
- Cash -€255,523
down €255,523 (-91.8%), from €278,319 to €22,796
mainly Investment in fixed assets (net) (-€691,460) and Net result for the year (-€215,307)
- Receivables within one year -€184,848
down €184,848 (-47.1%), from €392,718 to €207,870
of which Other amounts receivable: -€172,545
- Receivables after one year +€91,667
new in 2025: €91,667
- Debts after one year +€515,750
new in 2025: €515,750
of which Financial debts: +€365,750
- Profit (loss) carried forward -€215,307
down €215,307 (-38.8%), from €555,602 to €340,296
- Tax, wage and social debts -€149,365
down €149,365 (-87.3%), from €171,079 to €21,714
of which Taxes: -€147,557
- Other debts +€50,000
new in 2025: €50,000
- Current portion of long-term debt +€36,461
new in 2025: €36,461
- Gross operating margin -€282,068
down €282,068 (-72.5%), from €389,299 to €107,230
- Financial charges +€221,358
up €221,358 (+18580.3%), from €1,191 to €222,549
of which Non-recurring financial charges: +€214,676
- Taxes -€88,535
down €88,535 (-96.7%), from €91,512 to €2,976
- Depreciation +€85,226
up €85,226 (+672.0%), from €12,682 to €97,908
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 | €733,320 | €974,238 | +€240,919 | +32.9% |
| Fixed assets | 21/28 | €56,607 | €650,159 | +€593,552 | +1048.5% |
| Tangible fixed assets | 22/27 | €44,883 | €638,435 | +€593,552 | +1322.4% |
| Land and buildings | 22 | - | €606,234 | +€606,234 | |
| Furniture and vehicles | 24 | €44,883 | €32,201 | -€12,682 | -28.3% |
| Financial fixed assets | 28 | €11,724 | €11,724 | = | 0.0% |
| Current assets | 29/58 | €676,712 | €324,079 | -€352,633 | -52.1% |
| Amounts receivable after more than one year | 29 | - | €91,667 | +€91,667 | |
| Other amounts receivable | 291 | - | €91,667 | +€91,667 | |
| Amounts receivable within one year | 40/41 | €392,718 | €207,870 | -€184,848 | -47.1% |
| Trade receivables | 40 | €89,618 | €77,315 | -€12,303 | -13.7% |
| Other amounts receivable | 41 | €303,100 | €130,555 | -€172,545 | -56.9% |
| Cash at bank and in hand | 54/58 | €278,319 | €22,796 | -€255,523 | -91.8% |
| Deferred charges and accrued income | 490/1 | €5,676 | €1,747 | -€3,929 | -69.2% |
| Total equity and liabilities | 10/49 | €733,320 | €974,238 | +€240,919 | +32.9% |
| Equity | 10/15 | €560,602 | €345,296 | -€215,307 | -38.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €555,602 | €340,296 | -€215,307 | -38.8% |
| Amounts payable | 17/49 | €172,718 | €628,943 | +€456,225 | +264.1% |
| Amounts payable after more than one year | 17 | - | €515,750 | +€515,750 | |
| Financial debts | 170/4 | - | €365,750 | +€365,750 | |
| Other amounts payable | 178/9 | - | €150,000 | +€150,000 | |
| Amounts payable within one year | 42/48 | €172,718 | €110,434 | -€62,284 | -36.1% |
| Current portion of amounts payable after more than one year | 42 | - | €36,461 | +€36,461 | |
| Trade debts | 44 | €1,639 | €2,259 | +€620 | +37.8% |
| Suppliers | 440/4 | €1,639 | €2,259 | +€620 | +37.8% |
| Taxes, remuneration and social security | 45 | €171,079 | €21,714 | -€149,365 | -87.3% |
| Taxes | 450/3 | €166,507 | €18,950 | -€147,557 | -88.6% |
| Remuneration and social security | 454/9 | €4,572 | €2,764 | -€1,808 | -39.5% |
| Other amounts payable | 47/48 | - | €50,000 | +€50,000 | |
| Accrued charges and deferred income | 492/3 | - | €2,759 | +€2,759 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,682 | €97,908 | +€85,226 | +672.0% |
| Other operating charges | 640/8 | €1,856 | €3,856 | +€1,999 | +107.7% |
| Gross operating margin | 9900 | €389,299 | €107,230 | -€282,068 | -72.5% |
| Operating profit (loss) | 9901 | €374,760 | €5,466 | -€369,294 | -98.5% |
| Financial income | 75/76B | €3,339 | €4,753 | +€1,414 | +42.3% |
| Recurring financial income | 75 | €3,339 | €4,753 | +€1,414 | +42.3% |
| Financial charges | 65/66B | €1,191 | €222,549 | +€221,358 | +18580.3% |
| Recurring financial charges | 65 | €1,191 | €7,873 | +€6,682 | +560.8% |
| Non-recurring financial charges | 66B | - | €214,676 | +€214,676 | |
| Profit (loss) for the period before taxes | 9903 | €376,908 | -€212,330 | -€589,238 | |
| Income taxes | 67/77 | €91,512 | €2,976 | -€88,535 | -96.7% |
| Profit (loss) for the period | 9904 | €285,396 | -€215,307 | -€500,703 | |
| Profit (loss) for the period to be appropriated | 9905 | €285,396 | -€215,307 | -€500,703 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.