ODV: 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.
ODV
Largest movements
- Tangible fixed assets +€371,479
up €371,479 (+31.2%), from €1.2m to €1.6m
of which Land and buildings: +€298,002
- Cash +€95,857
up €95,857 (+218%), from €44,050 to €139,907
mainly Other debts (+€228,512) and Debts after one year (+€182,218)
- Receivables within one year +€33,498
up €33,498 (+65.9%), from €50,815 to €84,313
of which Trade receivables: +€44,013
- Other debts +€228,512
up €228,512 (+238%), from €96,054 to €324,567
- Debts after one year +€182,218
up €182,218 (+90.8%), from €200,680 to €382,897
- Trade debts +€48,599
up €48,599 (+86.2%), from €56,355 to €104,954
- Tax, wage and social debts +€19,216
up €19,216 (+255%), from €7,549 to €26,765
- Gross operating margin +€45,995
up €45,995 (+116%), from €39,513 to €85,507
- Depreciation +€15,750
up €15,750 (+41.1%), from €38,298 to €54,048
- Financial charges +€7,891
up €7,891 (+105%), from €7,528 to €15,419
- Taxes +€2,678
new in 2025: €2,678
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 | €1,287,507 | €1,789,732 | +€502,225 | +39.0% |
| Fixed assets | 21/28 | €1,189,956 | €1,561,435 | +€371,479 | +31.2% |
| Tangible fixed assets | 22/27 | €1,189,956 | €1,561,435 | +€371,479 | +31.2% |
| Land and buildings | 22 | €1,135,000 | €1,433,003 | +€298,002 | +26.3% |
| Furniture and vehicles | 24 | €54,956 | €128,432 | +€73,476 | +134% |
| Current assets | 29/58 | €97,551 | €228,297 | +€130,746 | +134% |
| Amounts receivable within one year | 40/41 | €50,815 | €84,313 | +€33,498 | +65.9% |
| Trade receivables | 40 | €30,403 | €74,415 | +€44,013 | +145% |
| Other amounts receivable | 41 | €20,412 | €9,898 | -€10,514 | -51.5% |
| Cash at bank and in hand | 54/58 | €44,050 | €139,907 | +€95,857 | +218% |
| Deferred charges and accrued income | 490/1 | €2,686 | €4,077 | +€1,391 | +51.8% |
| Total equity and liabilities | 10/49 | €1,287,507 | €1,789,732 | +€502,225 | +39.0% |
| Equity | 10/15 | €880,692 | €887,382 | +€6,691 | +0.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €12,841 | +€6,691 | +109% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | - | €6,691 | +€6,691 | |
| Profit (loss) carried forward | 14 | €813,042 | €813,042 | = | 0.0% |
| Amounts payable | 17/49 | €406,815 | €902,350 | +€495,534 | +122% |
| Amounts payable after more than one year | 17 | €200,680 | €382,897 | +€182,218 | +90.8% |
| Financial debts | 170/4 | €200,680 | €382,897 | +€182,218 | +90.8% |
| Amounts payable within one year | 42/48 | €200,792 | €514,345 | +€313,553 | +156% |
| Current portion of amounts payable after more than one year | 42 | €40,834 | €58,060 | +€17,227 | +42.2% |
| Trade debts | 44 | €56,355 | €104,954 | +€48,599 | +86.2% |
| Suppliers | 440/4 | €56,355 | €104,954 | +€48,599 | +86.2% |
| Taxes, remuneration and social security | 45 | €7,549 | €26,765 | +€19,216 | +255% |
| Taxes | 450/3 | €7,549 | €26,765 | +€19,216 | +255% |
| Other amounts payable | 47/48 | €96,054 | €324,567 | +€228,512 | +238% |
| Accrued charges and deferred income | 492/3 | €5,344 | €5,107 | -€237 | -4.4% |
| Non-recurring operating income | 76A | €2,500 | €25,516 | +€23,016 | +921% |
| Remuneration, social security and pensions | 62 | -€289 | - | +€289 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,298 | €54,048 | +€15,750 | +41.1% |
| Other operating charges | 640/8 | €7,190 | €6,722 | -€468 | -6.5% |
| Gross operating margin | 9900 | €39,513 | €85,507 | +€45,995 | +116% |
| Operating profit (loss) | 9901 | -€5,686 | €24,737 | +€30,423 | |
| Financial income | 75/76B | €204 | €50 | -€154 | -75.4% |
| Recurring financial income | 75 | €204 | €50 | -€154 | -75.4% |
| Financial charges | 65/66B | €7,528 | €15,419 | +€7,891 | +105% |
| Recurring financial charges | 65 | €7,528 | €15,419 | +€7,891 | +105% |
| Profit (loss) for the period before taxes | 9903 | -€13,010 | €9,369 | +€22,378 | |
| Income taxes | 67/77 | - | €2,678 | +€2,678 | |
| Profit (loss) for the period | 9904 | -€13,010 | €6,691 | +€19,700 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,010 | €6,691 | +€19,700 |
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 19 October 2026 via checked.be.