ODAVO: 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.
ODAVO
Largest movements
- Stocks and contracts -€16,404
down €16,404 (-59.3%), from €27,653 to €11,249
- Cash -€8,013
down €8,013 (-52.7%), from €15,206 to €7,193
mainly Net result for the year (-€27,996) and Trade debts (-€9,493)
- Intangible fixed assets -€2,500
down €2,500 (-44.5%), from €5,622 to €3,122
- Tangible fixed assets -€1,689
down €1,689 (-25.3%), from €6,679 to €4,990
of which Furniture and vehicles: -€981
- Receivables within one year +€1,362
up €1,362 (+958%), from €142 to €1,504
of which Other amounts receivable: +€1,504
- Profit (loss) carried forward -€27,996
down €27,996 (-277%), from -€10,112 to -€38,109
- Other debts +€11,615
up €11,615 (+26.4%), from €44,053 to €55,667
- Trade debts -€9,493
down €9,493 (-71.4%), from €13,291 to €3,799
- Tax, wage and social debts -€1,369
down €1,369 (-12.8%), from €10,720 to €9,351
of which Taxes: -€7,443
- Gross operating margin +€21,634
up €21,634, from -€12,115 to €9,518
- Staff costs +€12,058
up €12,058 (+75.6%), from €15,952 to €28,010
- Financial charges -€1,045
down €1,045 (-21.5%), from €4,849 to €3,805
- Depreciation -€370
down €370 (-8.1%), from €4,558 to €4,188
- Other operating charges +€327
up €327 (+24.1%), from €1,356 to €1,683
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €62,952 | €35,709 | -€27,243 | -43.3% |
| Fixed assets | 21/28 | €19,951 | €15,762 | -€4,188 | -21.0% |
| Intangible fixed assets | 21 | €5,622 | €3,122 | -€2,500 | -44.5% |
| Tangible fixed assets | 22/27 | €6,679 | €4,990 | -€1,689 | -25.3% |
| Plant, machinery and equipment | 23 | €347 | €105 | -€241 | -69.6% |
| Furniture and vehicles | 24 | €3,071 | €2,090 | -€981 | -32.0% |
| Other tangible fixed assets | 26 | €3,261 | €2,795 | -€466 | -14.3% |
| Financial fixed assets | 28 | €7,650 | €7,650 | = | 0.0% |
| Current assets | 29/58 | €43,001 | €19,946 | -€23,055 | -53.6% |
| Stocks and contracts in progress | 3 | €27,653 | €11,249 | -€16,404 | -59.3% |
| Stocks | 30/36 | €27,653 | €11,249 | -€16,404 | -59.3% |
| Amounts receivable within one year | 40/41 | €142 | €1,504 | +€1,362 | +958% |
| Trade receivables | 40 | €142 | €0 | -€142 | -100% |
| Other amounts receivable | 41 | - | €1,504 | +€1,504 | |
| Cash at bank and in hand | 54/58 | €15,206 | €7,193 | -€8,013 | -52.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €62,952 | €35,709 | -€27,243 | -43.3% |
| Equity | 10/15 | -€5,112 | -€33,109 | -€27,996 | -548% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,112 | -€38,109 | -€27,996 | -277% |
| Amounts payable | 17/49 | €68,064 | €68,817 | +€753 | +1.1% |
| Amounts payable within one year | 42/48 | €68,064 | €68,817 | +€753 | +1.1% |
| Trade debts | 44 | €13,291 | €3,799 | -€9,493 | -71.4% |
| Suppliers | 440/4 | €13,291 | €3,799 | -€9,493 | -71.4% |
| Taxes, remuneration and social security | 45 | €10,720 | €9,351 | -€1,369 | -12.8% |
| Taxes | 450/3 | €9,113 | €1,670 | -€7,443 | -81.7% |
| Remuneration and social security | 454/9 | €1,607 | €7,681 | +€6,074 | +378% |
| Other amounts payable | 47/48 | €44,053 | €55,667 | +€11,615 | +26.4% |
| Non-recurring operating income | 76A | €5,289 | €0 | -€5,289 | -100% |
| Remuneration, social security and pensions | 62 | €15,952 | €28,010 | +€12,058 | +75.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,558 | €4,188 | -€370 | -8.1% |
| Other operating charges | 640/8 | €1,356 | €1,683 | +€327 | +24.1% |
| Gross operating margin | 9900 | -€12,115 | €9,518 | +€21,634 | |
| Operating profit (loss) | 9901 | -€33,982 | -€24,363 | +€9,619 | +28.3% |
| Financial income | 75/76B | €1 | €171 | +€170 | +18,715% |
| Recurring financial income | 75 | €1 | €171 | +€170 | +18,715% |
| Financial charges | 65/66B | €4,849 | €3,805 | -€1,045 | -21.5% |
| Recurring financial charges | 65 | €4,849 | €3,805 | -€1,045 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | -€38,831 | -€27,996 | +€10,835 | +27.9% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€38,831 | -€27,996 | +€10,835 | +27.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,831 | -€27,996 | +€10,835 | +27.9% |
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 15 October 2026 via checked.be.