OGEDA: 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.
OGEDA
Largest movements
- Receivables within one year +€5.2m
up €5.2m (+11.2%), from €46.6m to €51.8m
- Profit (loss) carried forward +€5.2m
up €5.2m (+92.0%), from €5.6m to €10.8m
- Contributions +€3.7m
up €3.7m (+10.0%), from €37.2m to €40.9m
- Reserves -€3.7m
down €3.7m (-69.0%), from €5.4m to €1.7m
- Gross operating margin +€2.2m
up €2.2m (+61.1%), from €3.7m to €5.9m
- Financial charges +€564,210
up €564,210 (+1408.9%), from €40,045 to €604,255
- Purchases and services +€487,913
new in 2025: €487,913
- Taxes +€480,475
up €480,475 (+38.6%), from €1.2m to €1.7m
- Financial income -€164,895
down €164,895 (-9.4%), from €1.8m to €1.6m
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 | €48,266,485 | €53,462,532 | +€5.2m | +10.8% |
| Current assets | 29/58 | €48,266,485 | €53,462,532 | +€5.2m | +10.8% |
| Amounts receivable within one year | 40/41 | €46,596,557 | €51,792,604 | +€5.2m | +11.2% |
| Other amounts receivable | 41 | €46,596,557 | €51,792,604 | +€5.2m | +11.2% |
| Current investments | 50/53 | €1,668,800 | €1,668,800 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,128 | €1,128 | = | 0.0% |
| Total equity and liabilities | 10/49 | €48,266,485 | €53,462,532 | +€5.2m | +10.8% |
| Equity | 10/15 | €48,182,955 | €53,342,831 | +€5.2m | +10.7% |
| Contributions | 10/11 | €37,189,244 | €40,908,168 | +€3.7m | +10.0% |
| Capital | 10 | €37,189,244 | - | -€37.2m | |
| Issued capital | 100 | €37,189,244 | - | -€37.2m | |
| Reserves | 13 | €5,387,724 | €1,668,800 | -€3.7m | -69.0% |
| Non-distributable reserves | 130/1 | €5,387,724 | €1,668,800 | -€3.7m | -69.0% |
| Legal reserve | 130 | €3,718,924 | - | -€3.7m | |
| Own shares acquired | 1312 | €1,668,800 | €1,668,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,605,987 | €10,765,863 | +€5.2m | +92.0% |
| Amounts payable | 17/49 | €83,530 | €119,701 | +€36,171 | +43.3% |
| Amounts payable within one year | 42/48 | €83,530 | €119,701 | +€36,171 | +43.3% |
| Trade debts | 44 | €83,530 | €119,701 | +€36,171 | +43.3% |
| Suppliers | 440/4 | €83,530 | €119,701 | +€36,171 | +43.3% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €487,913 | +€487,913 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,093 | €357 | -€736 | -67.4% |
| Non-recurring operating charges | 66A | €3,443 | €0 | -€3,443 | -100.0% |
| Gross operating margin | 9900 | €3,663,958 | €5,903,687 | +€2.2m | +61.1% |
| Operating profit (loss) | 9901 | €3,659,423 | €5,903,331 | +€2.2m | +61.3% |
| Financial income | 75/76B | €1,750,484 | €1,585,589 | -€164,895 | -9.4% |
| Recurring financial income | 75 | €1,750,484 | €1,585,589 | -€164,895 | -9.4% |
| Financial charges | 65/66B | €40,045 | €604,255 | +€564,210 | +1408.9% |
| Recurring financial charges | 65 | €40,045 | €604,255 | +€564,210 | +1408.9% |
| Profit (loss) for the period before taxes | 9903 | €5,369,861 | €6,884,665 | +€1.5m | +28.2% |
| Income taxes | 67/77 | €1,244,314 | €1,724,789 | +€480,475 | +38.6% |
| Profit (loss) for the period | 9904 | €4,125,547 | €5,159,876 | +€1.0m | +25.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,125,547 | €5,159,876 | +€1.0m | +25.1% |
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 7 October 2026 via checked.be.