ODEGEM: 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.
ODEGEM
Largest movements
- Tangible fixed assets -€42,755
down €42,755 (-3.6%), from €1.2m to €1.1m
of which Land and buildings: -€42,023
- Cash +€15,229
up €15,229 (+10.2%), from €148,899 to €164,128
mainly Depreciation (+€42,755) and Advances received (+€232)
- Profit (loss) carried forward -€17,116
down €17,116 (-1.7%), from -€1.0m to -€1.1m
- Gross operating margin +€812,775
up €812,775, from -€776,001 to €36,774
- Financial income -€25,778
no longer reported in 2025 (was €25,778)
- Taxes -€11,024
no longer reported in 2025 (was €11,024)
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 | €1,329,483 | €1,302,529 | -€26,953 | -2.0% |
| Fixed assets | 21/28 | €1,179,619 | €1,136,865 | -€42,755 | -3.6% |
| Tangible fixed assets | 22/27 | €1,178,601 | €1,135,847 | -€42,755 | -3.6% |
| Land and buildings | 22 | €1,171,481 | €1,129,457 | -€42,023 | -3.6% |
| Plant, machinery and equipment | 23 | €7,121 | €6,389 | -€731 | -10.3% |
| Financial fixed assets | 28 | €1,018 | €1,018 | = | 0.0% |
| Current assets | 29/58 | €149,863 | €165,665 | +€15,801 | +10.5% |
| Amounts receivable within one year | 40/41 | €96 | €286 | +€190 | +197.1% |
| Trade receivables | 40 | €94 | €286 | +€192 | +203.3% |
| Other amounts receivable | 41 | €2 | - | -€2 | |
| Cash at bank and in hand | 54/58 | €148,899 | €164,128 | +€15,229 | +10.2% |
| Deferred charges and accrued income | 490/1 | €868 | €1,250 | +€383 | +44.1% |
| Total equity and liabilities | 10/49 | €1,329,483 | €1,302,529 | -€26,953 | -2.0% |
| Equity | 10/15 | €1,312,912 | €1,295,796 | -€17,116 | -1.3% |
| Contributions | 10/11 | €2,350,000 | €2,350,000 | = | 0.0% |
| Capital | 10 | €2,350,000 | €2,350,000 | = | 0.0% |
| Reserves | 13 | €29 | €29 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,037,117 | -€1,054,234 | -€17,116 | -1.7% |
| Amounts payable | 17/49 | €16,571 | €6,733 | -€9,837 | -59.4% |
| Amounts payable within one year | 42/48 | €16,571 | €6,733 | -€9,837 | -59.4% |
| Trade debts | 44 | €11,708 | €3,921 | -€7,786 | -66.5% |
| Suppliers | 440/4 | €11,708 | €3,921 | -€7,786 | -66.5% |
| Advances received on contracts in progress | 46 | €114 | €346 | +€232 | +203.3% |
| Taxes, remuneration and social security | 45 | €4,749 | €2,466 | -€2,283 | -48.1% |
| Taxes | 450/3 | €4,749 | €2,466 | -€2,283 | -48.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,215 | €42,755 | +€539 | +1.3% |
| Other operating charges | 640/8 | €14,498 | €11,037 | -€3,460 | -23.9% |
| Gross operating margin | 9900 | -€776,001 | €36,774 | +€812,775 | |
| Operating profit (loss) | 9901 | -€832,713 | -€17,018 | +€815,696 | +98.0% |
| Financial income | 75/76B | €25,778 | - | -€25,778 | |
| Recurring financial income | 75 | €25,778 | - | -€25,778 | |
| Financial charges | 65/66B | €86 | €99 | +€12 | +14.4% |
| Recurring financial charges | 65 | €86 | €99 | +€12 | +14.4% |
| Profit (loss) for the period before taxes | 9903 | -€807,022 | -€17,116 | +€789,906 | +97.9% |
| Income taxes | 67/77 | €11,024 | - | -€11,024 | |
| Profit (loss) for the period | 9904 | -€818,046 | -€17,116 | +€800,929 | +97.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€818,046 | -€17,116 | +€800,929 | +97.9% |
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 7 October 2026 via checked.be.