L'Odis: 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'Odis
Largest movements
- Tangible fixed assets -€9,432
down €9,432 (-25.5%), from €37,018 to €27,585
of which Leasing and similar rights: -€11,471
- Receivables within one year +€7,758
up €7,758 (+60.2%), from €12,893 to €20,652
of which Trade receivables: +€4,555
- Cash -€5,464
down €5,464 (-6.7%), from €81,280 to €75,815
mainly Tax, wage and social debts (-€15,207) and Debts after one year (-€10,409)
- Reserves +€20,047
up €20,047 (+35.8%), from €56,000 to €76,047
- Tax, wage and social debts -€15,207
down €15,207 (-54.6%), from €27,834 to €12,627
of which Taxes: -€11,107
- Debts after one year -€10,409
down €10,409 (-38.5%), from €27,020 to €16,610
- Contributions -€6,500
down €6,500 (-86.7%), from €7,500 to €1,000
- Trade debts +€5,757
up €5,757 (+140%), from €4,123 to €9,880
- Gross operating margin -€7,181
down €7,181 (-14.2%), from €50,539 to €43,358
- Taxes -€1,625
down €1,625 (-20.4%), from €7,950 to €6,326
- Depreciation +€898
up €898 (+7.5%), from €11,986 to €12,884
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 | €133,833 | €127,623 | -€6,210 | -4.6% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €37,018 | €27,585 | -€9,432 | -25.5% |
| Tangible fixed assets | 22/27 | €37,018 | €27,585 | -€9,432 | -25.5% |
| Plant, machinery and equipment | 23 | €1,598 | €3,637 | +€2,039 | +128% |
| Leasing and similar rights | 25 | €35,420 | €23,949 | -€11,471 | -32.4% |
| Current assets | 29/58 | €96,815 | €100,037 | +€3,222 | +3.3% |
| Amounts receivable within one year | 40/41 | €12,893 | €20,652 | +€7,758 | +60.2% |
| Trade receivables | 40 | €11,344 | €15,898 | +€4,555 | +40.2% |
| Other amounts receivable | 41 | €1,550 | €4,754 | +€3,204 | +207% |
| Cash at bank and in hand | 54/58 | €81,280 | €75,815 | -€5,464 | -6.7% |
| Deferred charges and accrued income | 490/1 | €2,642 | €3,570 | +€928 | +35.1% |
| Total equity and liabilities | 10/49 | €133,833 | €127,623 | -€6,210 | -4.6% |
| Equity | 10/15 | €63,885 | €77,047 | +€13,161 | +20.6% |
| Contributions | 10/11 | €7,500 | €1,000 | -€6,500 | -86.7% |
| Reserves | 13 | €56,000 | €76,047 | +€20,047 | +35.8% |
| Distributable reserves | 133 | €56,000 | €76,047 | +€20,047 | +35.8% |
| Profit (loss) carried forward | 14 | €385 | €0 | -€385 | -100% |
| Amounts payable | 17/49 | €69,948 | €50,576 | -€19,372 | -27.7% |
| Amounts payable after more than one year | 17 | €27,020 | €16,610 | -€10,409 | -38.5% |
| Financial debts | 170/4 | €27,020 | €16,610 | -€10,409 | -38.5% |
| Amounts payable within one year | 42/48 | €42,928 | €33,966 | -€8,963 | -20.9% |
| Current portion of amounts payable after more than one year | 42 | €10,409 | €10,409 | = | 0.0% |
| Financial debts | 43 | €0 | €307 | +€307 | |
| Other loans | 439 | €0 | €307 | +€307 | |
| Trade debts | 44 | €4,123 | €9,880 | +€5,757 | +140% |
| Suppliers | 440/4 | €4,123 | €9,880 | +€5,757 | +140% |
| Taxes, remuneration and social security | 45 | €27,834 | €12,627 | -€15,207 | -54.6% |
| Taxes | 450/3 | €23,734 | €12,627 | -€11,107 | -46.8% |
| Remuneration and social security | 454/9 | €4,100 | €0 | -€4,100 | -100% |
| Other amounts payable | 47/48 | €562 | €742 | +€180 | +32.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,986 | €12,884 | +€898 | +7.5% |
| Other operating charges | 640/8 | €2,039 | €2,506 | +€467 | +22.9% |
| Gross operating margin | 9900 | €50,539 | €43,358 | -€7,181 | -14.2% |
| Operating profit (loss) | 9901 | €36,514 | €27,968 | -€8,546 | -23.4% |
| Financial income | 75/76B | €22 | €0 | -€22 | -100% |
| Recurring financial income | 75 | €22 | €0 | -€22 | -100% |
| Financial charges | 65/66B | €2,462 | €1,981 | -€481 | -19.5% |
| Recurring financial charges | 65 | €2,462 | €1,981 | -€481 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | €34,074 | €25,987 | -€8,087 | -23.7% |
| Income taxes | 67/77 | €7,950 | €6,326 | -€1,625 | -20.4% |
| Profit (loss) for the period | 9904 | €26,123 | €19,661 | -€6,462 | -24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,123 | €19,661 | -€6,462 | -24.7% |
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 23 October 2026 via checked.be.