OUDINI: 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.
OUDINI
Largest movements
- Tangible fixed assets +€1.6m
up €1.6m (+256.7%), from €611,105 to €2.2m
- Receivables within one year -€100,800
no longer reported in 2025 (was €100,800)
- Cash +€54,609
up €54,609 (+486.7%), from €11,220 to €65,829
mainly Debts after one year (+€1.2m) and Other debts (+€308,305)
- Debts after one year +€1.2m
up €1.2m (+233.2%), from €526,830 to €1.8m
- Other debts +€308,305
up €308,305 (+129.1%), from €238,872 to €547,177
- Profit (loss) carried forward -€188,137
down €188,137 (-330.5%), from -€56,925 to -€245,062
- Current portion of long-term debt +€137,149
up €137,149 (+2086.9%), from €6,572 to €143,721
- Accrued charges and deferred income +€36,116
up €36,116 (+368.1%), from €9,811 to €45,927
- Depreciation +€120,054
up €120,054 (+340.9%), from €35,213 to €155,267
- Gross operating margin +€73,305
up €73,305, from -€6,582 to €66,723
- Financial charges +€65,463
up €65,463 (+676.5%), from €9,676 to €75,139
- Other operating charges +€19,000
up €19,000 (+348.4%), from €5,454 to €24,453
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 | €727,159 | €2,249,029 | +€1.5m | +209.3% |
| Fixed assets | 21/28 | €611,105 | €2,179,822 | +€1.6m | +256.7% |
| Tangible fixed assets | 22/27 | €611,105 | €2,179,822 | +€1.6m | +256.7% |
| Land and buildings | 22 | €611,105 | €2,179,822 | +€1.6m | +256.7% |
| Current assets | 29/58 | €116,054 | €69,208 | -€46,847 | -40.4% |
| Amounts receivable within one year | 40/41 | €100,800 | - | -€100,800 | |
| Trade receivables | 40 | €100,800 | - | -€100,800 | |
| Cash at bank and in hand | 54/58 | €11,220 | €65,829 | +€54,609 | +486.7% |
| Deferred charges and accrued income | 490/1 | €4,034 | €3,378 | -€656 | -16.3% |
| Total equity and liabilities | 10/49 | €727,159 | €2,249,029 | +€1.5m | +209.3% |
| Equity | 10/15 | -€54,925 | -€243,062 | -€188,137 | -342.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,925 | -€245,062 | -€188,137 | -330.5% |
| Amounts payable | 17/49 | €782,085 | €2,492,092 | +€1.7m | +218.6% |
| Amounts payable after more than one year | 17 | €526,830 | €1,755,267 | +€1.2m | +233.2% |
| Financial debts | 170/4 | €526,830 | €1,755,267 | +€1.2m | +233.2% |
| Amounts payable within one year | 42/48 | €245,444 | €690,897 | +€445,453 | +181.5% |
| Current portion of amounts payable after more than one year | 42 | €6,572 | €143,721 | +€137,149 | +2086.9% |
| Other amounts payable | 47/48 | €238,872 | €547,177 | +€308,305 | +129.1% |
| Accrued charges and deferred income | 492/3 | €9,811 | €45,927 | +€36,116 | +368.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,213 | €155,267 | +€120,054 | +340.9% |
| Other operating charges | 640/8 | €5,454 | €24,453 | +€19,000 | +348.4% |
| Gross operating margin | 9900 | -€6,582 | €66,723 | +€73,305 | |
| Operating profit (loss) | 9901 | -€47,249 | -€112,998 | -€65,749 | -139.2% |
| Financial charges | 65/66B | €9,676 | €75,139 | +€65,463 | +676.5% |
| Recurring financial charges | 65 | €9,676 | €75,139 | +€65,463 | +676.5% |
| Profit (loss) for the period before taxes | 9903 | -€56,925 | -€188,137 | -€131,211 | -230.5% |
| Profit (loss) for the period | 9904 | -€56,925 | -€188,137 | -€131,211 | -230.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€56,925 | -€188,137 | -€131,211 | -230.5% |
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 10 October 2026 via checked.be.