ODELIDU: 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.
ODELIDU
Largest movements
- Cash -€18,959
down €18,959 (-57.0%), from €33,279 to €14,320
mainly Net result for the year (-€43,419) and Advances received (-€7,940)
- Deferred charges and accrued income -€10,854
down €10,854 (-92.7%), from €11,706 to €852
- Tangible fixed assets -€7,946
down €7,946 (-16.7%), from €47,663 to €39,717
of which Plant, machinery and equipment: -€5,814
- Receivables within one year +€4,367
up €4,367 (+25.9%), from €16,857 to €21,224
- Profit (loss) carried forward -€43,419
new in 2025: -€43,419
- Trade debts +€22,586
up €22,586 (+77.1%), from €29,292 to €51,878
- Advances received -€7,940
down €7,940 (-100%), from €7,940 to €0
- Accrued charges and deferred income -€6,000
down €6,000 (-100%), from €6,000 to €0
- Tax, wage and social debts -€2,852
down €2,852 (-40.7%), from €7,007 to €4,154
of which Remuneration and social security: -€1,995
- Gross operating margin -€48,272
down €48,272 (-73.7%), from €65,475 to €17,203
- Staff costs -€6,882
down €6,882 (-12.8%), from €53,937 to €47,054
- Depreciation +€2,455
up €2,455 (+31.8%), from €7,724 to €10,179
- Other operating charges -€1,203
down €1,203 (-71.3%), from €1,687 to €485
- Financial charges +€990
up €990 (+59.4%), from €1,667 to €2,658
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 | €110,205 | €76,812 | -€33,393 | -30.3% |
| Fixed assets | 21/28 | €48,363 | €40,417 | -€7,946 | -16.4% |
| Tangible fixed assets | 22/27 | €47,663 | €39,717 | -€7,946 | -16.7% |
| Plant, machinery and equipment | 23 | €22,477 | €16,663 | -€5,814 | -25.9% |
| Furniture and vehicles | 24 | - | €1,932 | +€1,932 | |
| Other tangible fixed assets | 26 | €25,186 | €21,122 | -€4,064 | -16.1% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €61,842 | €36,396 | -€25,446 | -41.1% |
| Amounts receivable within one year | 40/41 | €16,857 | €21,224 | +€4,367 | +25.9% |
| Other amounts receivable | 41 | €16,857 | €21,224 | +€4,367 | +25.9% |
| Cash at bank and in hand | 54/58 | €33,279 | €14,320 | -€18,959 | -57.0% |
| Deferred charges and accrued income | 490/1 | €11,706 | €852 | -€10,854 | -92.7% |
| Total equity and liabilities | 10/49 | €110,205 | €76,812 | -€33,393 | -30.3% |
| Equity | 10/15 | €15,823 | -€27,595 | -€43,419 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €9,623 | €9,623 | = | 0.0% |
| Distributable reserves | 133 | €9,623 | €9,623 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€43,419 | -€43,419 | |
| Amounts payable | 17/49 | €94,381 | €104,407 | +€10,026 | +10.6% |
| Amounts payable after more than one year | 17 | €17,769 | €17,335 | -€434 | -2.4% |
| Financial debts | 170/4 | €17,769 | €17,335 | -€434 | -2.4% |
| Amounts payable within one year | 42/48 | €70,612 | €87,073 | +€16,460 | +23.3% |
| Current portion of amounts payable after more than one year | 42 | €10,356 | €13,127 | +€2,771 | +26.8% |
| Trade debts | 44 | €29,292 | €51,878 | +€22,586 | +77.1% |
| Suppliers | 440/4 | €29,292 | €51,878 | +€22,586 | +77.1% |
| Advances received on contracts in progress | 46 | €7,940 | €0 | -€7,940 | -100% |
| Taxes, remuneration and social security | 45 | €7,007 | €4,154 | -€2,852 | -40.7% |
| Taxes | 450/3 | €1,487 | €629 | -€858 | -57.7% |
| Remuneration and social security | 454/9 | €5,520 | €3,525 | -€1,995 | -36.1% |
| Other amounts payable | 47/48 | €16,017 | €17,913 | +€1,896 | +11.8% |
| Accrued charges and deferred income | 492/3 | €6,000 | €0 | -€6,000 | -100% |
| Remuneration, social security and pensions | 62 | €53,937 | €47,054 | -€6,882 | -12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,724 | €10,179 | +€2,455 | +31.8% |
| Other operating charges | 640/8 | €1,687 | €485 | -€1,203 | -71.3% |
| Gross operating margin | 9900 | €65,475 | €17,203 | -€48,272 | -73.7% |
| Operating profit (loss) | 9901 | €2,128 | -€40,515 | -€42,642 | |
| Financial income | 75/76B | €1 | €66 | +€65 | +5,562% |
| Recurring financial income | 75 | €1 | €66 | +€65 | +5,562% |
| Financial charges | 65/66B | €1,667 | €2,658 | +€990 | +59.4% |
| Recurring financial charges | 65 | €1,667 | €2,658 | +€990 | +59.4% |
| Profit (loss) for the period before taxes | 9903 | €462 | -€43,107 | -€43,568 | |
| Income taxes | 67/77 | €317 | €312 | -€5 | -1.6% |
| Profit (loss) for the period | 9904 | €145 | -€43,419 | -€43,563 | |
| Profit (loss) for the period to be appropriated | 9905 | €145 | -€43,419 | -€43,563 |
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 23 October 2026 via checked.be.