OUDAERT SA: 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.
What changed
OUDAERT SA
NACE 25.940, Manufacture of fabricated metal products, except machinery and equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€360,262
2024 · €184,296+€175,966
Equity
€2.4m
2024 · €2.1m+€243,566
Cash
€955,007
2024 · €919,978+€35,029
Balance sheet total
€7.4m
2024 · €7.4m+€9,033
Largest movements
Assets
- Tangible fixed assets -€251,829
down €251,829 (-5.1%), from €4.9m to €4.7m
of which Plant, machinery and equipment: -€287,144
- Intangible fixed assets +€194,905
up €194,905 (+1036.3%), from €18,809 to €213,713
Equity and liabilities
- Trade debts -€211,351
down €211,351 (-40.8%), from €517,601 to €306,250
- Reserves +€100,000
up €100,000 (+9.4%), from €1.1m to €1.2m
of which Distributable reserves: +€100,000
- Investment grants +€83,305
up €83,305 (+17.5%), from €476,175 to €559,479
Income statement
- Turnover +€687,563
up €687,563 (+15.0%), from €4.6m to €5.3m
- Gross operating margin +€551,233
up €551,233 (+30.0%), from €1.8m to €2.4m
- Staff costs +€260,042
up €260,042 (+26.2%), from €992,166 to €1.3m
- Depreciation +€110,536
up €110,536 (+26.5%), from €416,915 to €527,451
- Taxes +€97,367
up €97,367 (+721.1%), from €13,502 to €110,869
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.
Result 2024
€184,296
Gross operating margin
+€551,233
Staff costs
-€260,042
Depreciation
-€110,536
Write-downs
-€796
Other operating charges
+€13,843
Other operating items
+€17,933
Financial income
+€23,995
Financial charges
+€37,702
Taxes
-€97,367
Result 2025
€360,262
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.
From operations
+€579,378
Investment
-€453,078
Financing
-€91,272
Cash 2024
€919,978
From operations (derived)
+€579,378
Net result for the year
+€360,262
Depreciation
+€527,451
Stocks and contracts
-€44,526
Receivables within one year
+€24,971
Deferred charges and accrued income
-€28,822
Trade debts
-€211,351
Tax, wage and social debts
-€17,836
Other debts
-€30,831
Accrued charges and deferred income
+€60
Investment (derived)
-€453,078
Investment in fixed assets (net)
-€453,078
Financing
-€91,272
Debts after one year
-€24,479
Current portion of long-term debt
+€49,903
Contributions, distributions and other
-€116,695
Cash 2025
€955,007
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,370,682 | €7,379,715 | +€9,033 | +0.1% |
| Formation expenses | 20 | €80,147 | €62,697 | -€17,449 | -21.8% |
| Fixed assets | 21/28 | €4,934,093 | €4,877,169 | -€56,924 | -1.2% |
| Intangible fixed assets | 21 | €18,809 | €213,713 | +€194,905 | +1036.3% |
| Tangible fixed assets | 22/27 | €4,915,284 | €4,663,456 | -€251,829 | -5.1% |
| Plant, machinery and equipment | 23 | €1,001,951 | €714,807 | -€287,144 | -28.7% |
| Furniture and vehicles | 24 | €12,024 | €8,450 | -€3,574 | -29.7% |
| Leasing and similar rights | 25 | €3,901,309 | €3,940,198 | +€38,889 | +1.0% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €2,356,442 | €2,439,848 | +€83,406 | +3.5% |
| Stocks and contracts in progress | 3 | €471,997 | €516,522 | +€44,526 | +9.4% |
| Stocks | 30/36 | €471,997 | €516,522 | +€44,526 | +9.4% |
| Amounts receivable within one year | 40/41 | €939,309 | €914,338 | -€24,971 | -2.7% |
| Trade receivables | 40 | €862,457 | €848,267 | -€14,190 | -1.6% |
| Other amounts receivable | 41 | €76,851 | €66,071 | -€10,781 | -14.0% |
| Current investments | 50/53 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €919,978 | €955,007 | +€35,029 | +3.8% |
| Deferred charges and accrued income | 490/1 | €25,159 | €53,981 | +€28,822 | +114.6% |
| Total equity and liabilities | 10/49 | €7,370,682 | €7,379,715 | +€9,033 | +0.1% |
| Equity | 10/15 | €2,124,811 | €2,368,378 | +€243,566 | +11.5% |
| Contributions | 10/11 | €104,449 | €104,449 | = | 0.0% |
| Capital | 10 | €104,449 | €104,449 | = | 0.0% |
| Issued capital | 100 | €104,449 | €104,449 | = | 0.0% |
| Revaluation surpluses | 12 | €33,813 | €33,813 | = | 0.0% |
| Reserves | 13 | €1,061,887 | €1,161,887 | +€100,000 | +9.4% |
| Non-distributable reserves | 130/1 | €10,445 | €10,445 | = | 0.0% |
| Legal reserve | 130 | €10,445 | €10,445 | = | 0.0% |
| Other | 1319 | €0 | - | = | |
| Tax-exempt reserves | 132 | €3,560 | €3,560 | = | 0.0% |
| Distributable reserves | 133 | €1,047,882 | €1,147,882 | +€100,000 | +9.5% |
| Profit (loss) carried forward | 14 | €448,487 | €508,749 | +€60,262 | +13.4% |
| Investment grants | 15 | €476,175 | €559,479 | +€83,305 | +17.5% |
| Amounts payable | 17/49 | €5,245,871 | €5,011,337 | -€234,534 | -4.5% |
| Amounts payable after more than one year | 17 | €3,814,809 | €3,790,330 | -€24,479 | -0.6% |
| Financial debts | 170/4 | €3,814,809 | €3,790,330 | -€24,479 | -0.6% |
| Amounts payable within one year | 42/48 | €1,431,062 | €1,220,947 | -€210,115 | -14.7% |
| Current portion of amounts payable after more than one year | 42 | €303,256 | €353,158 | +€49,903 | +16.5% |
| Trade debts | 44 | €517,601 | €306,250 | -€211,351 | -40.8% |
| Suppliers | 440/4 | €517,601 | €306,250 | -€211,351 | -40.8% |
| Taxes, remuneration and social security | 45 | €139,037 | €121,201 | -€17,836 | -12.8% |
| Taxes | 450/3 | €35,098 | €11,308 | -€23,789 | -67.8% |
| Remuneration and social security | 454/9 | €103,939 | €109,893 | +€5,953 | +5.7% |
| Other amounts payable | 47/48 | €471,168 | €440,337 | -€30,831 | -6.5% |
| Accrued charges and deferred income | 492/3 | €0 | €60 | +€60 | |
| Turnover | 70 | €4,570,609 | €5,258,171 | +€687,563 | +15.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,965,736 | €2,906,313 | -€59,423 | -2.0% |
| Remuneration, social security and pensions | 62 | €992,166 | €1,252,208 | +€260,042 | +26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €416,915 | €527,451 | +€110,536 | +26.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €796 | +€796 | |
| Other operating charges | 640/8 | €89,986 | €76,143 | -€13,843 | -15.4% |
| Non-recurring operating charges | 66A | €17,933 | - | -€17,933 | |
| Gross operating margin | 9900 | €1,834,544 | €2,385,778 | +€551,233 | +30.0% |
| Operating profit (loss) | 9901 | €317,544 | €529,179 | +€211,636 | +66.6% |
| Financial income | 75/76B | €47,953 | €71,948 | +€23,995 | +50.0% |
| Recurring financial income | 75 | €47,953 | €71,948 | +€23,995 | +50.0% |
| Financial charges | 65/66B | €167,699 | €129,997 | -€37,702 | -22.5% |
| Recurring financial charges | 65 | €167,699 | €129,997 | -€37,702 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €197,798 | €471,131 | +€273,333 | +138.2% |
| Income taxes | 67/77 | €13,502 | €110,869 | +€97,367 | +721.1% |
| Profit (loss) for the period | 9904 | €184,296 | €360,262 | +€175,966 | +95.5% |
| Profit (loss) for the period to be appropriated | 9905 | €184,296 | €360,262 | +€175,966 | +95.5% |
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 30 September 2026 via checked.be.