ODASE: 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.
ODASE
Largest movements
- Receivables within one year +€63,972
up €63,972 (+124.2%), from €51,518 to €115,489
of which Trade receivables: +€38,286
- Cash +€34,632
up €34,632 (+9.8%), from €353,533 to €388,165
mainly Net result for the year (+€132,946) and Tax, wage and social debts (+€42,116)
- Profit (loss) carried forward +€55,535
up €55,535 (+17.9%), from €310,343 to €365,878
- Tax, wage and social debts +€42,116
up €42,116 (+63.4%), from €66,432 to €108,547
of which Taxes: +€41,739
- Gross operating margin +€12,003
up €12,003 (+4.0%), from €298,716 to €310,719
- Staff costs +€9,818
up €9,818 (+9.3%), from €105,818 to €115,636
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 | €426,724 | €523,546 | +€96,822 | +22.7% |
| Fixed assets | 21/28 | €21,024 | €19,099 | -€1,925 | -9.2% |
| Intangible fixed assets | 21 | €5,782 | €5,404 | -€378 | -6.5% |
| Tangible fixed assets | 22/27 | €14,973 | €13,426 | -€1,546 | -10.3% |
| Plant, machinery and equipment | 23 | €573 | €442 | -€131 | -22.9% |
| Furniture and vehicles | 24 | €14,399 | €12,984 | -€1,415 | -9.8% |
| Financial fixed assets | 28 | €269 | €269 | = | 0.0% |
| Current assets | 29/58 | €405,701 | €504,447 | +€98,747 | +24.3% |
| Amounts receivable within one year | 40/41 | €51,518 | €115,489 | +€63,972 | +124.2% |
| Trade receivables | 40 | €41,489 | €79,775 | +€38,286 | +92.3% |
| Other amounts receivable | 41 | €10,029 | €35,714 | +€25,686 | +256.1% |
| Cash at bank and in hand | 54/58 | €353,533 | €388,165 | +€34,632 | +9.8% |
| Deferred charges and accrued income | 490/1 | €650 | €793 | +€143 | +22.0% |
| Total equity and liabilities | 10/49 | €426,724 | €523,546 | +€96,822 | +22.7% |
| Equity | 10/15 | €315,343 | €370,878 | +€55,535 | +17.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €310,343 | €365,878 | +€55,535 | +17.9% |
| Amounts payable | 17/49 | €111,381 | €152,668 | +€41,287 | +37.1% |
| Amounts payable within one year | 42/48 | €111,381 | €152,668 | +€41,287 | +37.1% |
| Trade debts | 44 | €16,483 | €19,741 | +€3,257 | +19.8% |
| Suppliers | 440/4 | €16,483 | €19,741 | +€3,257 | +19.8% |
| Taxes, remuneration and social security | 45 | €66,432 | €108,547 | +€42,116 | +63.4% |
| Taxes | 450/3 | €61,786 | €103,524 | +€41,739 | +67.6% |
| Remuneration and social security | 454/9 | €4,646 | €5,023 | +€377 | +8.1% |
| Other amounts payable | 47/48 | €28,466 | €24,380 | -€4,086 | -14.4% |
| Remuneration, social security and pensions | 62 | €105,818 | €115,636 | +€9,818 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,899 | €11,725 | -€1,174 | -9.1% |
| Other operating charges | 640/8 | €910 | €1,394 | +€484 | +53.2% |
| Non-recurring operating charges | 66A | €90 | €90 | = | 0.0% |
| Gross operating margin | 9900 | €298,716 | €310,719 | +€12,003 | +4.0% |
| Operating profit (loss) | 9901 | €178,999 | €181,874 | +€2,875 | +1.6% |
| Financial income | 75/76B | €19 | €15 | -€4 | -18.8% |
| Recurring financial income | 75 | €19 | €15 | -€4 | -18.8% |
| Financial charges | 65/66B | €100 | €161 | +€61 | +60.7% |
| Recurring financial charges | 65 | €100 | €161 | +€61 | +60.7% |
| Profit (loss) for the period before taxes | 9903 | €178,918 | €181,728 | +€2,810 | +1.6% |
| Income taxes | 67/77 | €49,685 | €48,782 | -€903 | -1.8% |
| Profit (loss) for the period | 9904 | €129,233 | €132,946 | +€3,713 | +2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €129,233 | €132,946 | +€3,713 | +2.9% |
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 8 October 2026 via checked.be.