L'Odéon: 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.
L'Odéon
Largest movements
- Tangible fixed assets +€1.1m
up €1.1m (+1048.5%), from €104,255 to €1.2m
- Debts after one year +€717,663
new in 2025: €717,663
- Other debts +€525,753
up €525,753 (+212.6%), from €247,274 to €773,027
- Profit (loss) carried forward -€203,142
down €203,142, from €38,426 to -€164,716
- Current portion of long-term debt +€38,427
new in 2025: €38,427
- Other operating charges +€141,468
up €141,468 (+14621.7%), from €968 to €142,436
- Gross operating margin -€29,560
down €29,560 (-1240.9%), from -€2,382 to -€31,942
- Financial charges +€12,907
up €12,907 (+9560.6%), from €135 to €13,042
- Depreciation +€12,765
up €12,765 (+431.6%), from €2,958 to €15,722
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 | €1,468,206 | €2,547,946 | +€1.1m | +73.5% |
| Fixed assets | 21/28 | €104,361 | €1,197,482 | +€1.1m | +1047.4% |
| Tangible fixed assets | 22/27 | €104,255 | €1,197,375 | +€1.1m | +1048.5% |
| Land and buildings | 22 | €104,255 | €1,197,375 | +€1.1m | +1048.5% |
| Financial fixed assets | 28 | €107 | €107 | = | 0.0% |
| Current assets | 29/58 | €1,363,845 | €1,350,464 | -€13,381 | -1.0% |
| Amounts receivable within one year | 40/41 | €1,363,500 | €1,350,048 | -€13,452 | -1.0% |
| Other amounts receivable | 41 | €1,363,500 | €1,350,048 | -€13,452 | -1.0% |
| Cash at bank and in hand | 54/58 | €345 | €416 | +€72 | +20.8% |
| Total equity and liabilities | 10/49 | €1,468,206 | €2,547,946 | +€1.1m | +73.5% |
| Equity | 10/15 | €1,000,316 | €797,174 | -€203,142 | -20.3% |
| Contributions | 10/11 | €272,311 | €272,311 | = | 0.0% |
| Capital | 10 | €272,311 | €272,311 | = | 0.0% |
| Issued capital | 100 | €272,311 | €272,311 | = | 0.0% |
| Reserves | 13 | €689,579 | €689,579 | = | 0.0% |
| Non-distributable reserves | 130/1 | €32,231 | €32,231 | = | 0.0% |
| Legal reserve | 130 | €32,231 | €32,231 | = | 0.0% |
| Tax-exempt reserves | 132 | €657,348 | €657,348 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,426 | -€164,716 | -€203,142 | |
| Provisions and deferred taxes | 16 | €219,116 | €219,116 | = | 0.0% |
| Deferred taxes | 168 | €219,116 | €219,116 | = | 0.0% |
| Amounts payable | 17/49 | €248,774 | €1,531,656 | +€1.3m | +515.7% |
| Amounts payable after more than one year | 17 | - | €717,663 | +€717,663 | |
| Financial debts | 170/4 | - | €717,663 | +€717,663 | |
| Amounts payable within one year | 42/48 | €248,774 | €813,993 | +€565,219 | +227.2% |
| Current portion of amounts payable after more than one year | 42 | - | €38,427 | +€38,427 | |
| Trade debts | 44 | €1,500 | €2,539 | +€1,038 | +69.2% |
| Suppliers | 440/4 | €1,500 | €2,539 | +€1,038 | +69.2% |
| Other amounts payable | 47/48 | €247,274 | €773,027 | +€525,753 | +212.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,958 | €15,722 | +€12,765 | +431.6% |
| Other operating charges | 640/8 | €968 | €142,436 | +€141,468 | +14621.7% |
| Gross operating margin | 9900 | -€2,382 | -€31,942 | -€29,560 | -1240.9% |
| Operating profit (loss) | 9901 | -€6,307 | -€190,100 | -€183,793 | -2914.0% |
| Financial charges | 65/66B | €135 | €13,042 | +€12,907 | +9560.6% |
| Recurring financial charges | 65 | €135 | €13,042 | +€12,907 | +9560.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,442 | -€203,142 | -€196,699 | -3053.3% |
| Profit (loss) for the period | 9904 | -€6,442 | -€203,142 | -€196,699 | -3053.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,442 | -€203,142 | -€196,699 | -3053.3% |
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.