ODAXIS: 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.
ODAXIS
Largest movements
- Cash +€21,047
up €21,047 (+6.6%), from €320,508 to €341,555
mainly Net result for the year (+€20,323) and Depreciation (+€17,852)
- Tangible fixed assets -€13,688
down €13,688 (-8.0%), from €170,657 to €156,969
of which Land and buildings: -€10,245
- Reserves +€20,323
up €20,323 (+14.4%), from €141,057 to €161,380
- Gross operating margin -€29,763
down €29,763 (-36.7%), from €81,062 to €51,299
- Turnover -€28,400
down €28,400 (-13.7%), from €207,688 to €179,288
- Taxes -€9,134
down €9,134 (-49.6%), from €18,428 to €9,294
- Purchases and services +€8,112
up €8,112 (+5.1%), from €160,588 to €168,700
- Financial charges +€3,465
up €3,465, from -€1,318 to €2,147
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 | €617,148 | €631,907 | +€14,759 | +2.4% |
| Fixed assets | 21/28 | €174,658 | €162,105 | -€12,553 | -7.2% |
| Tangible fixed assets | 22/27 | €170,657 | €156,969 | -€13,688 | -8.0% |
| Land and buildings | 22 | €150,229 | €139,984 | -€10,245 | -6.8% |
| Plant, machinery and equipment | 23 | €2,856 | €2,225 | -€631 | -22.1% |
| Furniture and vehicles | 24 | €17,572 | €14,760 | -€2,812 | -16.0% |
| Financial fixed assets | 28 | €4,001 | €5,136 | +€1,135 | +28.4% |
| Current assets | 29/58 | €442,490 | €469,802 | +€27,312 | +6.2% |
| Amounts receivable within one year | 40/41 | €35,469 | €40,377 | +€4,908 | +13.8% |
| Trade receivables | 40 | €33,226 | €29,014 | -€4,212 | -12.7% |
| Other amounts receivable | 41 | €2,243 | €11,363 | +€9,120 | +407% |
| Current investments | 50/53 | €83,656 | €83,656 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €320,508 | €341,555 | +€21,047 | +6.6% |
| Deferred charges and accrued income | 490/1 | €2,857 | €4,214 | +€1,357 | +47.5% |
| Total equity and liabilities | 10/49 | €617,148 | €631,907 | +€14,759 | +2.4% |
| Equity | 10/15 | €596,782 | €617,105 | +€20,323 | +3.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €141,057 | €161,380 | +€20,323 | +14.4% |
| Distributable reserves | 133 | €141,057 | €161,380 | +€20,323 | +14.4% |
| Profit (loss) carried forward | 14 | €449,525 | €449,525 | = | 0.0% |
| Amounts payable | 17/49 | €20,366 | €14,802 | -€5,564 | -27.3% |
| Amounts payable within one year | 42/48 | €17,109 | €14,802 | -€2,307 | -13.5% |
| Trade debts | 44 | €2,935 | €435 | -€2,500 | -85.2% |
| Suppliers | 440/4 | €2,935 | €435 | -€2,500 | -85.2% |
| Taxes, remuneration and social security | 45 | €13,627 | €12,118 | -€1,509 | -11.1% |
| Taxes | 450/3 | €13,624 | €11,821 | -€1,803 | -13.2% |
| Remuneration and social security | 454/9 | €3 | €297 | +€294 | +9,800% |
| Other amounts payable | 47/48 | €547 | €2,249 | +€1,702 | +311% |
| Accrued charges and deferred income | 492/3 | €3,257 | - | -€3,257 | |
| Turnover | 70 | €207,688 | €179,288 | -€28,400 | -13.7% |
| Non-recurring operating income | 76A | €1,240 | - | -€1,240 | |
| Goods, raw materials, services and sundry goods | 60/61 | €160,588 | €168,700 | +€8,112 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,070 | €17,852 | +€782 | +4.6% |
| Other operating charges | 640/8 | €5,207 | €5,611 | +€404 | +7.8% |
| Gross operating margin | 9900 | €81,062 | €51,299 | -€29,763 | -36.7% |
| Operating profit (loss) | 9901 | €58,785 | €27,836 | -€30,949 | -52.6% |
| Financial income | 75/76B | €4,078 | €3,928 | -€150 | -3.7% |
| Recurring financial income | 75 | €4,078 | €3,928 | -€150 | -3.7% |
| Financial charges | 65/66B | -€1,318 | €2,147 | +€3,465 | |
| Recurring financial charges | 65 | -€1,318 | €2,147 | +€3,465 | |
| Profit (loss) for the period before taxes | 9903 | €64,181 | €29,617 | -€34,564 | -53.9% |
| Income taxes | 67/77 | €18,428 | €9,294 | -€9,134 | -49.6% |
| Profit (loss) for the period | 9904 | €45,753 | €20,323 | -€25,430 | -55.6% |
| Profit (loss) for the period to be appropriated | 9905 | €45,753 | €20,323 | -€25,430 | -55.6% |
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 20 October 2026 via checked.be.