ODALCO: 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.
ODALCO
Largest movements
- Stocks and contracts -€449,949
down €449,949 (-60.0%), from €750,311 to €300,363
- Cash -€17,325
down €17,325 (-87.3%), from €19,855 to €2,530
mainly Debts after one year (-€378,400) and Net result for the year (-€117,116)
- Debts after one year -€378,400
down €378,400 (-70.9%), from €534,000 to €155,600
- Profit (loss) carried forward -€117,116
down €117,116 (-187.1%), from -€62,585 to -€179,701
- Other debts +€29,088
up €29,088 (+8.6%), from €339,486 to €368,574
- Gross operating margin -€89,298
down €89,298 (-1006.3%), from -€8,874 to -€98,171
- Financial charges -€11,208
down €11,208 (-38.6%), from €29,005 to €17,797
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 | €822,673 | €353,623 | -€469,050 | -57.0% |
| Fixed assets | 21/28 | €2,000 | €2,000 | = | 0.0% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €820,673 | €351,623 | -€469,050 | -57.2% |
| Stocks and contracts in progress | 3 | €750,311 | €300,363 | -€449,949 | -60.0% |
| Stocks | 30/36 | €750,311 | €300,363 | -€449,949 | -60.0% |
| Amounts receivable within one year | 40/41 | €50,170 | €48,731 | -€1,439 | -2.9% |
| Trade receivables | 40 | €47,000 | €47,000 | = | 0.0% |
| Other amounts receivable | 41 | €3,170 | €1,731 | -€1,439 | -45.4% |
| Cash at bank and in hand | 54/58 | €19,855 | €2,530 | -€17,325 | -87.3% |
| Deferred charges and accrued income | 490/1 | €337 | - | -€337 | |
| Total equity and liabilities | 10/49 | €822,673 | €353,623 | -€469,050 | -57.0% |
| Equity | 10/15 | -€54,585 | -€171,701 | -€117,116 | -214.6% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,585 | -€179,701 | -€117,116 | -187.1% |
| Amounts payable | 17/49 | €877,258 | €525,324 | -€351,934 | -40.1% |
| Amounts payable after more than one year | 17 | €534,000 | €155,600 | -€378,400 | -70.9% |
| Financial debts | 170/4 | €534,000 | €155,600 | -€378,400 | -70.9% |
| Amounts payable within one year | 42/48 | €343,258 | €369,724 | +€26,466 | +7.7% |
| Trade debts | 44 | €3,692 | €1,116 | -€2,576 | -69.8% |
| Suppliers | 440/4 | €3,692 | €1,116 | -€2,576 | -69.8% |
| Taxes, remuneration and social security | 45 | €80 | €34 | -€46 | -57.3% |
| Taxes | 450/3 | €80 | €34 | -€46 | -57.3% |
| Other amounts payable | 47/48 | €339,486 | €368,574 | +€29,088 | +8.6% |
| Other operating charges | 640/8 | €1,121 | €1,155 | +€34 | +3.0% |
| Gross operating margin | 9900 | -€8,874 | -€98,171 | -€89,298 | -1006.3% |
| Operating profit (loss) | 9901 | -€9,995 | -€99,326 | -€89,331 | -893.7% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €29,005 | €17,797 | -€11,208 | -38.6% |
| Recurring financial charges | 65 | €29,005 | €17,797 | -€11,208 | -38.6% |
| Profit (loss) for the period before taxes | 9903 | -€39,001 | -€117,116 | -€78,116 | -200.3% |
| Profit (loss) for the period | 9904 | -€39,001 | -€117,116 | -€78,116 | -200.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,001 | -€117,116 | -€78,116 | -200.3% |
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 12 October 2026 via checked.be.