ODACE: 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.
ODACE
Largest movements
- Tangible fixed assets +€49,678
up €49,678 (+225.9%), from €21,988 to €71,666
of which Furniture and vehicles: +€48,590
- Cash +€34,153
up €34,153 (+70.1%), from €48,707 to €82,860
mainly Net result for the year (+€45,020) and Debts after one year (+€39,077)
- Financial fixed assets +€8,750
new in 2025: €8,750
- Deferred charges and accrued income +€4,321
new in 2025: €4,321
- Receivables within one year +€1,989
up €1,989 (+18.9%), from €10,499 to €12,488
of which Other amounts receivable: +€1,290
- Profit (loss) carried forward +€45,020
up €45,020 (+88.1%), from €51,125 to €96,144
- Debts after one year +€39,077
new in 2025: €39,077
- Trade debts +€10,527
up €10,527 (+609.9%), from €1,726 to €12,253
- Current portion of long-term debt +€9,390
new in 2025: €9,390
- Tax, wage and social debts -€4,702
down €4,702 (-23.1%), from €20,316 to €15,614
of which Taxes: -€6,014
- Staff costs +€9,215
new in 2025: €9,215
- Gross operating margin +€9,118
up €9,118 (+13.7%), from €66,699 to €75,817
- Taxes -€2,641
down €2,641 (-20.3%), from €12,984 to €10,342
- Write-downs +€1,683
new in 2025: €1,683
- Depreciation +€1,603
up €1,603 (+77.4%), from €2,070 to €3,673
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 | €81,193 | €180,084 | +€98,891 | +121.8% |
| Fixed assets | 21/28 | €21,988 | €80,416 | +€58,428 | +265.7% |
| Tangible fixed assets | 22/27 | €21,988 | €71,666 | +€49,678 | +225.9% |
| Plant, machinery and equipment | 23 | €2,454 | €3,541 | +€1,088 | +44.3% |
| Furniture and vehicles | 24 | €19,534 | €68,124 | +€48,590 | +248.7% |
| Financial fixed assets | 28 | - | €8,750 | +€8,750 | |
| Current assets | 29/58 | €59,206 | €99,669 | +€40,463 | +68.3% |
| Amounts receivable within one year | 40/41 | €10,499 | €12,488 | +€1,989 | +18.9% |
| Trade receivables | 40 | €10,499 | €11,197 | +€699 | +6.7% |
| Other amounts receivable | 41 | - | €1,290 | +€1,290 | |
| Cash at bank and in hand | 54/58 | €48,707 | €82,860 | +€34,153 | +70.1% |
| Deferred charges and accrued income | 490/1 | - | €4,321 | +€4,321 | |
| Total equity and liabilities | 10/49 | €81,193 | €180,084 | +€98,891 | +121.8% |
| Equity | 10/15 | €53,625 | €98,644 | +€45,020 | +84.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,125 | €96,144 | +€45,020 | +88.1% |
| Amounts payable | 17/49 | €27,569 | €81,440 | +€53,871 | +195.4% |
| Amounts payable after more than one year | 17 | - | €39,077 | +€39,077 | |
| Financial debts | 170/4 | - | €39,077 | +€39,077 | |
| Amounts payable within one year | 42/48 | €27,569 | €42,363 | +€14,795 | +53.7% |
| Current portion of amounts payable after more than one year | 42 | - | €9,390 | +€9,390 | |
| Trade debts | 44 | €1,726 | €12,253 | +€10,527 | +609.9% |
| Suppliers | 440/4 | €1,726 | €12,253 | +€10,527 | +609.9% |
| Taxes, remuneration and social security | 45 | €20,316 | €15,614 | -€4,702 | -23.1% |
| Taxes | 450/3 | €16,739 | €10,725 | -€6,014 | -35.9% |
| Remuneration and social security | 454/9 | €3,577 | €4,889 | +€1,312 | +36.7% |
| Other amounts payable | 47/48 | €5,526 | €5,106 | -€420 | -7.6% |
| Remuneration, social security and pensions | 62 | - | €9,215 | +€9,215 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,070 | €3,673 | +€1,603 | +77.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,683 | +€1,683 | |
| Other operating charges | 640/8 | €314 | €787 | +€473 | +150.4% |
| Non-recurring operating charges | 66A | - | €4,812 | +€4,812 | |
| Gross operating margin | 9900 | €66,699 | €75,817 | +€9,118 | +13.7% |
| Operating profit (loss) | 9901 | €64,315 | €55,647 | -€8,668 | -13.5% |
| Financial income | 75/76B | - | €191 | +€191 | |
| Recurring financial income | 75 | - | €191 | +€191 | |
| Financial charges | 65/66B | €207 | €476 | +€269 | +130.2% |
| Recurring financial charges | 65 | €207 | €476 | +€269 | +130.2% |
| Profit (loss) for the period before taxes | 9903 | €64,108 | €55,362 | -€8,746 | -13.6% |
| Income taxes | 67/77 | €12,984 | €10,342 | -€2,641 | -20.3% |
| Profit (loss) for the period | 9904 | €51,125 | €45,020 | -€6,105 | -11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €51,125 | €45,020 | -€6,105 | -11.9% |
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 1 October 2026 via checked.be.