ODAMEL: 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.
ODAMEL
Largest movements
- Cash +€22,029
up €22,029 (+876.3%), from €2,514 to €24,543
mainly Depreciation (+€13,836) and Net result for the year (+€4,946)
- Tangible fixed assets -€13,836
down €13,836 (-4.9%), from €285,227 to €271,391
- Reserves +€4,708
up €4,708 (+2.0%), from €235,687 to €240,395
of which Distributable reserves: +€6,000
- Gross operating margin -€4,727
down €4,727 (-15.6%), from €30,322 to €25,595
- Taxes +€2,300
new in 2024: €2,300
- Financial charges -€623
down €623 (-87.4%), from €713 to €90
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €287,741 | €295,934 | +€8,193 | +2.8% |
| Fixed assets | 21/28 | €285,227 | €271,391 | -€13,836 | -4.9% |
| Tangible fixed assets | 22/27 | €285,227 | €271,391 | -€13,836 | -4.9% |
| Land and buildings | 22 | €285,227 | €271,391 | -€13,836 | -4.9% |
| Current assets | 29/58 | €2,514 | €24,543 | +€22,029 | +876.3% |
| Cash at bank and in hand | 54/58 | €2,514 | €24,543 | +€22,029 | +876.3% |
| Total equity and liabilities | 10/49 | €287,741 | €295,934 | +€8,193 | +2.8% |
| Equity | 10/15 | €242,070 | €247,016 | +€4,946 | +2.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €235,687 | €240,395 | +€4,708 | +2.0% |
| Tax-exempt reserves | 132 | €23,687 | €22,395 | -€1,292 | -5.5% |
| Distributable reserves | 133 | €212,000 | €218,000 | +€6,000 | +2.8% |
| Profit (loss) carried forward | 14 | €183 | €421 | +€238 | +130.1% |
| Provisions and deferred taxes | 16 | €12,197 | €11,532 | -€665 | -5.5% |
| Deferred taxes | 168 | €12,197 | €11,532 | -€665 | -5.5% |
| Amounts payable | 17/49 | €33,474 | €37,386 | +€3,912 | +11.7% |
| Amounts payable within one year | 42/48 | €33,474 | €37,386 | +€3,912 | +11.7% |
| Trade debts | 44 | €2,084 | €3,696 | +€1,612 | +77.4% |
| Suppliers | 440/4 | €2,084 | €3,696 | +€1,612 | +77.4% |
| Taxes, remuneration and social security | 45 | - | €2,300 | +€2,300 | |
| Taxes | 450/3 | - | €2,300 | +€2,300 | |
| Other amounts payable | 47/48 | €31,390 | €31,390 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,835 | €13,836 | +€1 | 0.0% |
| Other operating charges | 640/8 | €4,789 | €5,088 | +€299 | +6.2% |
| Gross operating margin | 9900 | €30,322 | €25,595 | -€4,727 | -15.6% |
| Operating profit (loss) | 9901 | €11,698 | €6,671 | -€5,027 | -43.0% |
| Financial charges | 65/66B | €713 | €90 | -€623 | -87.4% |
| Recurring financial charges | 65 | €713 | €90 | -€623 | -87.4% |
| Profit (loss) for the period before taxes | 9903 | €10,985 | €6,581 | -€4,404 | -40.1% |
| Transfer from deferred taxes | 780 | €665 | €665 | = | 0.0% |
| Income taxes | 67/77 | - | €2,300 | +€2,300 | |
| Profit (loss) for the period | 9904 | €11,650 | €4,946 | -€6,704 | -57.5% |
| Transfer from tax-exempt reserves | 789 | €1,292 | €1,292 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,942 | €6,238 | -€6,704 | -51.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.