Odalba: 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.
What changed
Odalba
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€9,801
2024 · -€31,132+€40,934
Equity
€138,105
2024 · €128,303+€9,801
Cash
€75,390
2024 · €101,463-€26,073
Balance sheet total
€2.9m
2024 · €3.0m-€80,897
Largest movements
Assets
- Tangible fixed assets -€129,387
down €129,387 (-6.2%), from €2.1m to €2.0m
of which Land and buildings: -€91,828
- Stocks and contracts +€82,732
up €82,732 (+21.2%), from €390,475 to €473,208
of which Stocks: +€103,732
- Receivables within one year -€39,259
down €39,259 (-14.2%), from €277,079 to €237,820
of which Trade receivables: -€62,959
Equity and liabilities
- Debts after one year -€211,444
down €211,444 (-10.9%), from €1.9m to €1.7m
of which Financial debts: -€108,482
- Short-term financial debts +€180,971
up €180,971 (+103%), from €175,000 to €355,971
- Trade debts -€146,534
down €146,534 (-35.8%), from €409,079 to €262,545
- Accrued charges and deferred income +€90,555
up €90,555 (+4,403%), from €2,057 to €92,611
Income statement
- Gross operating margin +€223,720
up €223,720 (+16.7%), from €1.3m to €1.6m
- Staff costs +€198,009
up €198,009 (+18.9%), from €1.1m to €1.2m
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.
Result 2024
-€31,132
Gross operating margin
+€223,720
Staff costs
-€198,009
Depreciation
+€7,138
Write-downs
-€248
Other operating charges
-€38
Other operating items
-€4,338
Financial income
+€14,774
Financial charges
+€13,149
Taxes
-€15,215
Result 2025
€9,801
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€47,609
Investment
-€42,733
Financing
-€30,948
Cash 2024
€101,463
From operations (derived)
+€47,609
Net result for the year
+€9,801
Depreciation
+€168,267
Stocks and contracts
-€82,732
Receivables within one year
+€39,259
Deferred charges and accrued income
-€27,236
Smaller working-capital items
-€413
Trade debts
-€146,534
Tax, wage and social debts
-€3,358
Accrued charges and deferred income
+€90,555
Investment (derived)
-€42,733
Investment in fixed assets (net)
-€42,733
Financing
-€30,948
Debts after one year
-€211,444
Current portion of long-term debt
-€475
Short-term financial debts
+€180,971
Cash 2025
€75,390
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,957,432 | €2,876,535 | -€80,897 | -2.7% |
| Formation expenses | 20 | - | €11,816 | +€11,816 | |
| Fixed assets | 21/28 | €2,157,331 | €2,019,982 | -€137,349 | -6.4% |
| Intangible fixed assets | 21 | €71,743 | €66,222 | -€5,522 | -7.7% |
| Tangible fixed assets | 22/27 | €2,082,775 | €1,953,388 | -€129,387 | -6.2% |
| Land and buildings | 22 | €1,830,942 | €1,739,114 | -€91,828 | -5.0% |
| Plant, machinery and equipment | 23 | €18,993 | €25,257 | +€6,264 | +33.0% |
| Furniture and vehicles | 24 | €170,768 | €107,509 | -€63,259 | -37.0% |
| Leasing and similar rights | 25 | €20,036 | €36,299 | +€16,263 | +81.2% |
| Other tangible fixed assets | 26 | €42,035 | €45,208 | +€3,173 | +7.5% |
| Financial fixed assets | 28 | €2,813 | €372 | -€2,441 | -86.8% |
| Current assets | 29/58 | €800,101 | €844,738 | +€44,636 | +5.6% |
| Stocks and contracts in progress | 3 | €390,475 | €473,208 | +€82,732 | +21.2% |
| Stocks | 30/36 | €369,475 | €473,208 | +€103,732 | +28.1% |
| Contracts in progress | 37 | €21,000 | €0 | -€21,000 | -100% |
| Amounts receivable within one year | 40/41 | €277,079 | €237,820 | -€39,259 | -14.2% |
| Trade receivables | 40 | €252,286 | €189,327 | -€62,959 | -25.0% |
| Other amounts receivable | 41 | €24,793 | €48,493 | +€23,700 | +95.6% |
| Cash at bank and in hand | 54/58 | €101,463 | €75,390 | -€26,073 | -25.7% |
| Deferred charges and accrued income | 490/1 | €31,084 | €58,320 | +€27,236 | +87.6% |
| Total equity and liabilities | 10/49 | €2,957,432 | €2,876,535 | -€80,897 | -2.7% |
| Equity | 10/15 | €128,303 | €138,105 | +€9,801 | +7.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €138,689 | €148,490 | +€9,801 | +7.1% |
| Tax-exempt reserves | 132 | €5,858 | €3,905 | -€1,953 | -33.3% |
| Distributable reserves | 133 | €132,832 | €144,585 | +€11,754 | +8.8% |
| Profit (loss) carried forward | 14 | -€28,986 | -€28,986 | = | 0.0% |
| Provisions and deferred taxes | 16 | €1,464 | €976 | -€488 | -33.3% |
| Deferred taxes | 168 | €1,464 | €976 | -€488 | -33.3% |
| Amounts payable | 17/49 | €2,827,664 | €2,737,454 | -€90,210 | -3.2% |
| Amounts payable after more than one year | 17 | €1,931,948 | €1,720,503 | -€211,444 | -10.9% |
| Financial debts | 170/4 | €1,684,880 | €1,576,397 | -€108,482 | -6.4% |
| Other amounts payable | 178/9 | €247,068 | €144,106 | -€102,962 | -41.7% |
| Amounts payable within one year | 42/48 | €893,660 | €924,340 | +€30,680 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €134,136 | €133,661 | -€475 | -0.4% |
| Financial debts | 43 | €175,000 | €355,971 | +€180,971 | +103% |
| Credit institutions | 430/8 | €175,000 | €355,971 | +€180,971 | +103% |
| Trade debts | 44 | €409,079 | €262,545 | -€146,534 | -35.8% |
| Suppliers | 440/4 | €409,079 | €262,545 | -€146,534 | -35.8% |
| Taxes, remuneration and social security | 45 | €175,446 | €172,088 | -€3,358 | -1.9% |
| Taxes | 450/3 | €15,907 | €7,633 | -€8,275 | -52.0% |
| Remuneration and social security | 454/9 | €159,539 | €164,456 | +€4,917 | +3.1% |
| Other amounts payable | 47/48 | €0 | €75 | +€75 | |
| Accrued charges and deferred income | 492/3 | €2,057 | €92,611 | +€90,555 | +4,403% |
| Non-recurring operating income | 76A | €19,724 | €18,509 | -€1,215 | -6.2% |
| Remuneration, social security and pensions | 62 | €1,050,291 | €1,248,300 | +€198,009 | +18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €175,405 | €168,267 | -€7,138 | -4.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €248 | +€248 | |
| Other operating charges | 640/8 | €17,875 | €17,912 | +€38 | +0.2% |
| Non-recurring operating charges | 66A | - | €4,338 | +€4,338 | |
| Gross operating margin | 9900 | €1,338,979 | €1,562,699 | +€223,720 | +16.7% |
| Operating profit (loss) | 9901 | €95,408 | €123,634 | +€28,226 | +29.6% |
| Financial income | 75/76B | €1,401 | €16,175 | +€14,774 | +1,054% |
| Recurring financial income | 75 | €1,401 | €16,175 | +€14,774 | +1,054% |
| Financial charges | 65/66B | €127,176 | €114,027 | -€13,149 | -10.3% |
| Recurring financial charges | 65 | €127,176 | €114,027 | -€13,149 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | -€30,367 | €25,782 | +€56,148 | |
| Transfer from deferred taxes | 780 | €488 | €488 | = | 0.0% |
| Income taxes | 67/77 | €1,254 | €16,469 | +€15,215 | +1,213% |
| Profit (loss) for the period | 9904 | -€31,132 | €9,801 | +€40,934 | |
| Transfer from tax-exempt reserves | 789 | €1,953 | €1,953 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,180 | €11,754 | +€40,934 |
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 16 October 2026 via checked.be.