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OUDAR: 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

OUDAR

BE 0432.433.522
NACE 68.121, Development of residential building projects
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€14,127
2024 · -€17,819+€31,947
Equity
€420,696
2024 · €406,569+€14,127
Cash
€289,278
2024 · €279,955+€9,323
Balance sheet total
€421,565
2024 · €411,017+€10,548

Largest movements

2024 to 2025
Assets
  • Cash +€9,323

    up €9,323 (+3.3%), from €279,955 to €289,278

    mainly Net result for the year (+€14,127) and Depreciation (+€13,723)

  • Tangible fixed assets -€5,193

    down €5,193 (-4.0%), from €129,957 to €124,765

  • Receivables within one year +€4,785

    up €4,785 (+433.1%), from €1,105 to €5,890

Equity and liabilities
  • Profit (loss) carried forward +€14,127

    up €14,127 (+47.7%), from -€29,604 to -€15,477

Income statement
  • Gross operating margin +€24,836

    up €24,836 (+644.2%), from €3,855 to €28,692

  • Other operating charges -€5,555

    down €5,555 (-79.3%), from €7,009 to €1,454

  • Depreciation -€918

    down €918 (-6.3%), from €14,641 to €13,723

  • Financial income +€645

    new in 2025: €645

From the 2024 result to the 2025 result

effect on the 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 -€17,819
Gross operating margin +€24,836
Depreciation +€918
Other operating charges +€5,555
Financial income +€645
Financial charges -€8
Result 2025 €14,127

Cash bridge derived

cash 2024 to 2025

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 +€17,853
Investment -€8,530
Financing €0
Cash 2024 €279,955
Net result for the year +€14,127
Depreciation +€13,723
Receivables within one year -€4,785
Deferred charges and accrued income -€1,633
Trade debts -€3,579
Investment in fixed assets (net) -€8,530
Cash 2025 €289,278
Every line side by side 34 lines
Line Code 2024 2025 Change %
Total assets 20/58 €411,017 €421,565 +€10,548 +2.6%
Fixed assets 21/28 €129,957 €124,765 -€5,193 -4.0%
Tangible fixed assets 22/27 €129,957 €124,765 -€5,193 -4.0%
Land and buildings 22 €129,957 €124,765 -€5,193 -4.0%
Current assets 29/58 €281,060 €296,801 +€15,741 +5.6%
Amounts receivable within one year 40/41 €1,105 €5,890 +€4,785 +433.1%
Other amounts receivable 41 €1,105 €5,890 +€4,785 +433.1%
Cash at bank and in hand 54/58 €279,955 €289,278 +€9,323 +3.3%
Deferred charges and accrued income 490/1 - €1,633 +€1,633
Total equity and liabilities 10/49 €411,017 €421,565 +€10,548 +2.6%
Equity 10/15 €406,569 €420,696 +€14,127 +3.5%
Contributions 10/11 €100,000 €100,000 = 0.0%
Capital 10 - €100,000 +€100,000
Issued capital 100 - €100,000 +€100,000
Reserves 13 €336,172 €336,172 = 0.0%
Non-distributable reserves 130/1 €10,000 €10,000 = 0.0%
Reserves not available under the articles 1311 €10,000 €10,000 = 0.0%
Distributable reserves 133 €326,172 €326,172 = 0.0%
Profit (loss) carried forward 14 -€29,604 -€15,477 +€14,127 +47.7%
Amounts payable 17/49 €4,449 €869 -€3,579 -80.5%
Amounts payable within one year 42/48 €4,449 €869 -€3,579 -80.5%
Trade debts 44 €4,449 €869 -€3,579 -80.5%
Suppliers 440/4 €4,449 €869 -€3,579 -80.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €14,641 €13,723 -€918 -6.3%
Other operating charges 640/8 €7,009 €1,454 -€5,555 -79.3%
Gross operating margin 9900 €3,855 €28,692 +€24,836 +644.2%
Operating profit (loss) 9901 -€17,795 €13,515 +€31,310
Financial income 75/76B - €645 +€645
Recurring financial income 75 - €645 +€645
Financial charges 65/66B €24 €32 +€8 +33.6%
Recurring financial charges 65 €24 €32 +€8 +33.6%
Profit (loss) for the period before taxes 9903 -€17,819 €14,127 +€31,947
Profit (loss) for the period 9904 -€17,819 €14,127 +€31,947
Profit (loss) for the period to be appropriated 9905 -€17,819 €14,127 +€31,947

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.