L'ODACE: 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.
L'ODACE
Largest movements
- Stocks and contracts +€8,223
up €8,223 (+37.9%), from €21,683 to €29,906
- Tangible fixed assets -€7,257
down €7,257 (-3.1%), from €233,411 to €226,155
of which Land and buildings: -€4,866
- Receivables within one year +€3,791
up €3,791 (+116%), from €3,276 to €7,067
of which Trade receivables: +€3,940
- Cash -€3,527
down €3,527 (-100%), from €3,527 to €0
mainly Debts after one year (-€10,773) and Stocks and contracts (-€8,223)
- Debts after one year -€10,773
down €10,773 (-7.4%), from €146,504 to €135,731
- Short-term financial debts +€6,178
new in 2025: €6,178
- Profit (loss) carried forward +€5,928
up €5,928 (+112%), from €5,311 to €11,239
- Trade debts +€2,710
up €2,710 (+20.5%), from €13,214 to €15,924
- Staff costs +€6,238
up €6,238 (+7.5%), from €83,165 to €89,403
- Taxes -€1,440
down €1,440 (-33.7%), from €4,277 to €2,837
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.
Derived cash bridge
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 | €262,950 | €263,706 | +€756 | +0.3% |
| Fixed assets | 21/28 | €233,812 | €226,555 | -€7,257 | -3.1% |
| Intangible fixed assets | 21 | €1 | €1 | -€0 | -28.6% |
| Tangible fixed assets | 22/27 | €233,411 | €226,155 | -€7,257 | -3.1% |
| Land and buildings | 22 | €223,749 | €218,883 | -€4,866 | -2.2% |
| Plant, machinery and equipment | 23 | €9,662 | €7,272 | -€2,390 | -24.7% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €29,138 | €37,151 | +€8,013 | +27.5% |
| Stocks and contracts in progress | 3 | €21,683 | €29,906 | +€8,223 | +37.9% |
| Stocks | 30/36 | €21,683 | €29,906 | +€8,223 | +37.9% |
| Amounts receivable within one year | 40/41 | €3,276 | €7,067 | +€3,791 | +116% |
| Trade receivables | 40 | €3,117 | €7,057 | +€3,940 | +126% |
| Other amounts receivable | 41 | €158 | €10 | -€148 | -93.7% |
| Cash at bank and in hand | 54/58 | €3,527 | €0 | -€3,527 | -100% |
| Deferred charges and accrued income | 490/1 | €653 | €178 | -€475 | -72.8% |
| Total equity and liabilities | 10/49 | €262,950 | €263,706 | +€756 | +0.3% |
| Equity | 10/15 | €7,811 | €13,739 | +€5,928 | +75.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,311 | €11,239 | +€5,928 | +112% |
| Amounts payable | 17/49 | €255,139 | €249,967 | -€5,172 | -2.0% |
| Amounts payable after more than one year | 17 | €146,504 | €135,731 | -€10,773 | -7.4% |
| Financial debts | 170/4 | €146,504 | €135,731 | -€10,773 | -7.4% |
| Amounts payable within one year | 42/48 | €108,635 | €114,236 | +€5,601 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €10,287 | €10,773 | +€486 | +4.7% |
| Financial debts | 43 | - | €6,178 | +€6,178 | |
| Credit institutions | 430/8 | - | €6,178 | +€6,178 | |
| Trade debts | 44 | €13,214 | €15,924 | +€2,710 | +20.5% |
| Suppliers | 440/4 | €13,214 | €15,924 | +€2,710 | +20.5% |
| Taxes, remuneration and social security | 45 | €23,347 | €21,661 | -€1,686 | -7.2% |
| Taxes | 450/3 | €15,166 | €15,611 | +€446 | +2.9% |
| Remuneration and social security | 454/9 | €8,181 | €6,049 | -€2,132 | -26.1% |
| Other amounts payable | 47/48 | €61,788 | €59,700 | -€2,088 | -3.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €671 | €1,312 | +€640 | +95.4% |
| Remuneration, social security and pensions | 62 | €83,165 | €89,403 | +€6,238 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,901 | €14,993 | +€1,092 | +7.9% |
| Other operating charges | 640/8 | €2,223 | €2,483 | +€260 | +11.7% |
| Gross operating margin | 9900 | €127,164 | €126,812 | -€352 | -0.3% |
| Operating profit (loss) | 9901 | €27,874 | €19,933 | -€7,941 | -28.5% |
| Financial income | 75/76B | €1 | €44 | +€43 | +3,235% |
| Recurring financial income | 75 | €1 | €44 | +€43 | +3,235% |
| Financial charges | 65/66B | €9,945 | €10,379 | +€434 | +4.4% |
| Recurring financial charges | 65 | €9,945 | €10,379 | +€434 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €17,930 | €9,598 | -€8,332 | -46.5% |
| Income taxes | 67/77 | €4,277 | €2,837 | -€1,440 | -33.7% |
| Profit (loss) for the period | 9904 | €13,653 | €6,761 | -€6,892 | -50.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,653 | €6,761 | -€6,892 | -50.5% |
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 14 October 2026 via checked.be.