ODAM: 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.
ODAM
Largest movements
- Stocks and contracts -€90,321
no longer reported in 2025 (was €90,321)
- Cash -€36,526
down €36,526 (-98.3%), from €37,169 to €643
mainly Net result for the year (-€98,792) and Other debts (-€56,566)
- Receivables within one year -€26,811
no longer reported in 2025 (was €26,811)
- Tangible fixed assets -€23,843
down €23,843 (-30.7%), from €77,584 to €53,741
of which Furniture and vehicles: -€18,831
- Profit (loss) carried forward -€98,792
down €98,792 (-84.3%), from -€117,173 to -€215,965
- Other debts -€56,566
down €56,566 (-21.1%), from €267,920 to €211,354
- Trade debts -€18,484
down €18,484 (-76.5%), from €24,172 to €5,688
- Tax, wage and social debts -€5,292
down €5,292 (-87.7%), from €6,037 to €745
of which Remuneration and social security: -€5,457
- Purchases and services +€164,634
up €164,634 (+286.4%), from €57,487 to €222,121
- Gross operating margin -€56,742
down €56,742, from €4,582 to -€52,161
- Staff costs +€13,624
up €13,624 (+164.2%), from €8,296 to €21,919
- Depreciation +€3,785
up €3,785 (+18.9%), from €20,058 to €23,843
- Other operating charges -€1,182
down €1,182 (-78.8%), from €1,500 to €318
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 | €235,696 | €56,562 | -€179,134 | -76.0% |
| Fixed assets | 21/28 | €77,584 | €53,741 | -€23,843 | -30.7% |
| Tangible fixed assets | 22/27 | €77,584 | €53,741 | -€23,843 | -30.7% |
| Plant, machinery and equipment | 23 | €43,012 | €38,001 | -€5,011 | -11.7% |
| Furniture and vehicles | 24 | €34,571 | €15,740 | -€18,831 | -54.5% |
| Current assets | 29/58 | €158,112 | €2,821 | -€155,292 | -98.2% |
| Stocks and contracts in progress | 3 | €90,321 | - | -€90,321 | |
| Stocks | 30/36 | €90,321 | - | -€90,321 | |
| Amounts receivable within one year | 40/41 | €26,811 | - | -€26,811 | |
| Other amounts receivable | 41 | €26,811 | - | -€26,811 | |
| Cash at bank and in hand | 54/58 | €37,169 | €643 | -€36,526 | -98.3% |
| Deferred charges and accrued income | 490/1 | €3,812 | €2,178 | -€1,634 | -42.9% |
| Total equity and liabilities | 10/49 | €235,696 | €56,562 | -€179,134 | -76.0% |
| Equity | 10/15 | -€62,433 | -€161,225 | -€98,792 | -158.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €36,140 | €36,140 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €15,530 | €15,530 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€117,173 | -€215,965 | -€98,792 | -84.3% |
| Amounts payable | 17/49 | €298,129 | €217,787 | -€80,342 | -26.9% |
| Amounts payable within one year | 42/48 | €298,129 | €217,787 | -€80,342 | -26.9% |
| Trade debts | 44 | €24,172 | €5,688 | -€18,484 | -76.5% |
| Suppliers | 440/4 | €24,172 | €5,688 | -€18,484 | -76.5% |
| Taxes, remuneration and social security | 45 | €6,037 | €745 | -€5,292 | -87.7% |
| Taxes | 450/3 | €580 | €745 | +€165 | +28.4% |
| Remuneration and social security | 454/9 | €5,457 | - | -€5,457 | |
| Other amounts payable | 47/48 | €267,920 | €211,354 | -€56,566 | -21.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €57,487 | €222,121 | +€164,634 | +286.4% |
| Remuneration, social security and pensions | 62 | €8,296 | €21,919 | +€13,624 | +164.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,058 | €23,843 | +€3,785 | +18.9% |
| Other operating charges | 640/8 | €1,500 | €318 | -€1,182 | -78.8% |
| Gross operating margin | 9900 | €4,582 | -€52,161 | -€56,742 | |
| Operating profit (loss) | 9901 | -€25,272 | -€98,240 | -€72,968 | -288.7% |
| Financial income | 75/76B | €406 | €5 | -€401 | -98.9% |
| Recurring financial income | 75 | €406 | €5 | -€401 | -98.9% |
| Financial charges | 65/66B | €506 | €382 | -€124 | -24.6% |
| Recurring financial charges | 65 | €506 | €382 | -€124 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | -€25,373 | -€98,618 | -€73,245 | -288.7% |
| Income taxes | 67/77 | €773 | €174 | -€599 | -77.4% |
| Profit (loss) for the period | 9904 | -€26,146 | -€98,792 | -€72,646 | -277.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,146 | -€98,792 | -€72,646 | -277.8% |
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 11 October 2026 via checked.be.