Odd Paper: 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.
Odd Paper
Largest movements
- Deferred charges and accrued income -€31,689
down €31,689 (-97.1%), from €32,638 to €949
- Cash +€19,310
up €19,310 (+92.4%), from €20,894 to €40,204
mainly Deferred charges and accrued income (+€31,689) and Depreciation (+€6,229)
- Receivables within one year +€7,315
up €7,315 (+316.6%), from €2,310 to €9,625
of which Trade receivables: +€6,844
- Tangible fixed assets -€5,729
down €5,729 (-27.3%), from €21,015 to €15,287
of which Furniture and vehicles: -€4,816
- Profit (loss) carried forward -€8,028
down €8,028 (-12.6%), from €63,892 to €55,864
- Tax, wage and social debts -€2,121
down €2,121 (-35.3%), from €6,010 to €3,889
- Gross operating margin -€32,124
down €32,124, from €30,091 to -€2,033
- Taxes -€4,794
down €4,794 (-97.4%), from €4,922 to €128
- Depreciation +€645
up €645 (+11.6%), from €5,583 to €6,229
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 | €80,991 | €69,697 | -€11,293 | -13.9% |
| Fixed assets | 21/28 | €25,148 | €18,920 | -€6,229 | -24.8% |
| Intangible fixed assets | 21 | €3,747 | €3,247 | -€500 | -13.3% |
| Tangible fixed assets | 22/27 | €21,015 | €15,287 | -€5,729 | -27.3% |
| Furniture and vehicles | 24 | €20,103 | €15,287 | -€4,816 | -24.0% |
| Leasing and similar rights | 25 | €913 | - | -€913 | |
| Financial fixed assets | 28 | €386 | €386 | = | 0.0% |
| Current assets | 29/58 | €55,842 | €50,777 | -€5,065 | -9.1% |
| Amounts receivable within one year | 40/41 | €2,310 | €9,625 | +€7,315 | +316.6% |
| Trade receivables | 40 | €982 | €7,826 | +€6,844 | +697.0% |
| Other amounts receivable | 41 | €1,328 | €1,799 | +€471 | +35.4% |
| Cash at bank and in hand | 54/58 | €20,894 | €40,204 | +€19,310 | +92.4% |
| Deferred charges and accrued income | 490/1 | €32,638 | €949 | -€31,689 | -97.1% |
| Total equity and liabilities | 10/49 | €80,991 | €69,697 | -€11,293 | -13.9% |
| Equity | 10/15 | €72,650 | €63,940 | -€8,710 | -12.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,892 | €55,864 | -€8,028 | -12.6% |
| Investment grants | 15 | €3,757 | €3,076 | -€681 | -18.1% |
| Amounts payable | 17/49 | €8,341 | €5,757 | -€2,584 | -31.0% |
| Amounts payable within one year | 42/48 | €8,341 | €5,757 | -€2,584 | -31.0% |
| Trade debts | 44 | €2,304 | €1,869 | -€435 | -18.9% |
| Suppliers | 440/4 | €2,304 | €1,869 | -€435 | -18.9% |
| Taxes, remuneration and social security | 45 | €6,010 | €3,889 | -€2,121 | -35.3% |
| Taxes | 450/3 | €6,010 | €3,889 | -€2,121 | -35.3% |
| Other amounts payable | 47/48 | €28 | - | -€28 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,583 | €6,229 | +€645 | +11.6% |
| Other operating charges | 640/8 | €168 | €239 | +€71 | +42.4% |
| Gross operating margin | 9900 | €30,091 | -€2,033 | -€32,124 | |
| Operating profit (loss) | 9901 | €24,340 | -€8,500 | -€32,840 | |
| Financial income | 75/76B | €681 | €805 | +€123 | +18.1% |
| Recurring financial income | 75 | €681 | €805 | +€123 | +18.1% |
| Financial charges | 65/66B | €257 | €205 | -€52 | -20.2% |
| Recurring financial charges | 65 | €257 | €205 | -€52 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €24,765 | -€7,900 | -€32,665 | |
| Income taxes | 67/77 | €4,922 | €128 | -€4,794 | -97.4% |
| Profit (loss) for the period | 9904 | €19,843 | -€8,028 | -€27,871 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,843 | -€8,028 | -€27,871 |
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 2 October 2026 via checked.be.