THE ODC: 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.
THE ODC
Largest movements
- Cash +€88,505
up €88,505 (+118.5%), from €74,697 to €163,202
mainly Other debts (+€100,015) and Net result for the year (+€63,539)
- Receivables within one year -€23,656
no longer reported in 2025 (was €23,656)
- Current investments +€7,373
up €7,373 (+73.0%), from €10,104 to €17,477
- Tangible fixed assets +€3,436
new in 2025: €3,436
- Other debts +€100,015
up €100,015 (+16557.1%), from €604 to €100,619
- Profit (loss) carried forward -€36,461
down €36,461 (-45.2%), from €80,671 to €44,210
- Tax, wage and social debts +€11,917
up €11,917 (+44.0%), from €27,057 to €38,974
of which Taxes: +€11,845
- Gross operating margin -€10,739
down €10,739 (-11.8%), from €91,381 to €80,642
- Financial income -€2,838
down €2,838 (-83.8%), from €3,386 to €548
- Taxes -€2,641
down €2,641 (-13.8%), from €19,146 to €16,505
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 | €108,456 | €184,435 | +€75,979 | +70.1% |
| Fixed assets | 21/28 | - | €3,436 | +€3,436 | |
| Tangible fixed assets | 22/27 | - | €3,436 | +€3,436 | |
| Furniture and vehicles | 24 | - | €3,436 | +€3,436 | |
| Current assets | 29/58 | €108,456 | €180,999 | +€72,543 | +66.9% |
| Amounts receivable within one year | 40/41 | €23,656 | - | -€23,656 | |
| Trade receivables | 40 | €23,656 | - | -€23,656 | |
| Current investments | 50/53 | €10,104 | €17,477 | +€7,373 | +73.0% |
| Cash at bank and in hand | 54/58 | €74,697 | €163,202 | +€88,505 | +118.5% |
| Deferred charges and accrued income | 490/1 | - | €320 | +€320 | |
| Total equity and liabilities | 10/49 | €108,456 | €184,435 | +€75,979 | +70.1% |
| Equity | 10/15 | €80,771 | €44,310 | -€36,461 | -45.1% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,671 | €44,210 | -€36,461 | -45.2% |
| Amounts payable | 17/49 | €27,685 | €140,125 | +€112,440 | +406.1% |
| Amounts payable within one year | 42/48 | €27,685 | €140,125 | +€112,440 | +406.1% |
| Trade debts | 44 | €24 | €532 | +€508 | +2073.9% |
| Suppliers | 440/4 | €24 | €532 | +€508 | +2073.9% |
| Taxes, remuneration and social security | 45 | €27,057 | €38,974 | +€11,917 | +44.0% |
| Taxes | 450/3 | €27,057 | €38,902 | +€11,845 | +43.8% |
| Remuneration and social security | 454/9 | - | €72 | +€72 | |
| Other amounts payable | 47/48 | €604 | €100,619 | +€100,015 | +16557.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €211 | +€211 | |
| Other operating charges | 640/8 | €64 | €137 | +€73 | +114.9% |
| Gross operating margin | 9900 | €91,381 | €80,642 | -€10,739 | -11.8% |
| Operating profit (loss) | 9901 | €91,317 | €80,294 | -€11,023 | -12.1% |
| Financial income | 75/76B | €3,386 | €548 | -€2,838 | -83.8% |
| Recurring financial income | 75 | €3,386 | €548 | -€2,838 | -83.8% |
| Financial charges | 65/66B | €119 | €798 | +€679 | +568.4% |
| Recurring financial charges | 65 | €119 | €798 | +€679 | +568.4% |
| Profit (loss) for the period before taxes | 9903 | €94,583 | €80,044 | -€14,539 | -15.4% |
| Income taxes | 67/77 | €19,146 | €16,505 | -€2,641 | -13.8% |
| Profit (loss) for the period | 9904 | €75,437 | €63,539 | -€11,898 | -15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €75,437 | €63,539 | -€11,898 | -15.8% |
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 11 October 2026 via checked.be.