Odelia Belgium: 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.
Odelia Belgium
Largest movements
- Receivables within one year +€856
up €856 (+5.6%), from €15,171 to €16,027
- Cash +€583
up €583 (+2.7%), from €21,299 to €21,882
mainly Net result for the year (+€1,451) and Depreciation (+€452)
- Tangible fixed assets -€452
down €452 (-28.3%), from €1,599 to €1,147
- Reserves +€1,451
up €1,451 (+20.7%), from €6,996 to €8,447
- Tax, wage and social debts -€464
down €464 (-66.5%), from €698 to €234
- Other operating charges -€22,469
down €22,469 (-84.0%), from €26,740 to €4,271
- Turnover -€8,749
down €8,749 (-11.5%), from €75,966 to €67,217
- Gross operating margin -€4,918
down €4,918 (-25.5%), from €19,270 to €14,352
- Purchases and services -€3,831
down €3,831 (-6.8%), from €56,696 to €52,865
- Staff costs +€808
up €808 (+11.7%), from €6,920 to €7,728
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €38,069 | €39,056 | +€987 | +2.6% |
| Fixed assets | 21/28 | €1,599 | €1,147 | -€452 | -28.3% |
| Tangible fixed assets | 22/27 | €1,599 | €1,147 | -€452 | -28.3% |
| Plant, machinery and equipment | 23 | €1,599 | €1,147 | -€452 | -28.3% |
| Current assets | 29/58 | €36,470 | €37,909 | +€1,439 | +3.9% |
| Amounts receivable within one year | 40/41 | €15,171 | €16,027 | +€856 | +5.6% |
| Other amounts receivable | 41 | €15,171 | €16,027 | +€856 | +5.6% |
| Cash at bank and in hand | 54/58 | €21,299 | €21,882 | +€583 | +2.7% |
| Total equity and liabilities | 10/49 | €38,069 | €39,056 | +€987 | +2.6% |
| Equity | 10/15 | €37,371 | €38,822 | +€1,451 | +3.9% |
| Contributions | 10/11 | €30,375 | €30,375 | = | 0.0% |
| Reserves | 13 | €6,996 | €8,447 | +€1,451 | +20.7% |
| Distributable reserves | 133 | €6,996 | €8,447 | +€1,451 | +20.7% |
| Amounts payable | 17/49 | €698 | €234 | -€464 | -66.5% |
| Amounts payable within one year | 42/48 | €698 | €234 | -€464 | -66.5% |
| Taxes, remuneration and social security | 45 | €698 | €234 | -€464 | -66.5% |
| Taxes | 450/3 | €698 | €234 | -€464 | -66.5% |
| Turnover | 70 | €75,966 | €67,217 | -€8,749 | -11.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €56,696 | €52,865 | -€3,831 | -6.8% |
| Remuneration, social security and pensions | 62 | €6,920 | €7,728 | +€808 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €452 | €452 | = | 0.0% |
| Other operating charges | 640/8 | €26,740 | €4,271 | -€22,469 | -84.0% |
| Gross operating margin | 9900 | €19,270 | €14,352 | -€4,918 | -25.5% |
| Operating profit (loss) | 9901 | -€14,842 | €1,901 | +€16,743 | |
| Financial charges | 65/66B | €280 | €450 | +€170 | +60.7% |
| Recurring financial charges | 65 | €280 | €450 | +€170 | +60.7% |
| Non-recurring financial charges | 66B | €280 | €450 | +€170 | +60.7% |
| Profit (loss) for the period before taxes | 9903 | -€15,122 | €1,451 | +€16,573 | |
| Profit (loss) for the period | 9904 | -€15,122 | €1,451 | +€16,573 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,122 | €1,451 | +€16,573 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.