ODENTS: 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.
ODENTS
Largest movements
- Intangible fixed assets +€151,103
new in 2025: €151,103
- Cash -€51,989
down €51,989 (-47.8%), from €108,864 to €56,875
mainly Investment in fixed assets (net) (-€197,516) and Contributions, distributions and other (-€80,000)
- Receivables within one year -€23,500
down €23,500 (-93.3%), from €25,200 to €1,700
of which Trade receivables: -€23,500
- Tangible fixed assets +€10,778
up €10,778 (+70.9%), from €15,209 to €25,986
of which Plant, machinery and equipment: +€5,494
- Debts after one year +€162,935
new in 2025: €162,935
- Profit (loss) carried forward -€69,583
down €69,583 (-51.6%), from €134,763 to €65,180
- Tax, wage and social debts -€15,000
no longer reported in 2025 (was €15,000)
- Current portion of long-term debt +€13,204
new in 2025: €13,204
- Other debts -€6,870
down €6,870 (-67.2%), from €10,219 to €3,350
- Depreciation +€28,885
up €28,885 (+447%), from €6,461 to €35,346
- Gross operating margin +€23,225
up €23,225 (+42.4%), from €54,774 to €77,999
- Taxes -€10,753
down €10,753, from €10,300 to -€453
- Financial charges +€6,189
up €6,189 (+14,226%), from €44 to €6,232
- Other operating charges +€1,412
up €1,412 (+168%), from €843 to €2,255
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 | €165,743 | €249,959 | +€84,215 | +50.8% |
| Fixed assets | 21/28 | €15,209 | €177,379 | +€162,171 | +1,066% |
| Intangible fixed assets | 21 | - | €151,103 | +€151,103 | |
| Tangible fixed assets | 22/27 | €15,209 | €25,986 | +€10,778 | +70.9% |
| Plant, machinery and equipment | 23 | - | €5,494 | +€5,494 | |
| Furniture and vehicles | 24 | €15,209 | €20,493 | +€5,284 | +34.7% |
| Financial fixed assets | 28 | - | €290 | +€290 | |
| Current assets | 29/58 | €150,534 | €72,579 | -€77,955 | -51.8% |
| Amounts receivable within one year | 40/41 | €25,200 | €1,700 | -€23,500 | -93.3% |
| Trade receivables | 40 | €23,500 | - | -€23,500 | |
| Other amounts receivable | 41 | €1,700 | €1,700 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €108,864 | €56,875 | -€51,989 | -47.8% |
| Deferred charges and accrued income | 490/1 | €16,470 | €14,004 | -€2,466 | -15.0% |
| Total equity and liabilities | 10/49 | €165,743 | €249,959 | +€84,215 | +50.8% |
| Equity | 10/15 | €139,763 | €70,180 | -€69,583 | -49.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €134,763 | €65,180 | -€69,583 | -51.6% |
| Amounts payable | 17/49 | €25,980 | €179,778 | +€153,798 | +592% |
| Amounts payable after more than one year | 17 | - | €162,935 | +€162,935 | |
| Financial debts | 170/4 | - | €162,935 | +€162,935 | |
| Amounts payable within one year | 42/48 | €25,980 | €16,844 | -€9,136 | -35.2% |
| Current portion of amounts payable after more than one year | 42 | - | €13,204 | +€13,204 | |
| Trade debts | 44 | €761 | €290 | -€471 | -61.9% |
| Suppliers | 440/4 | €761 | €290 | -€471 | -61.9% |
| Taxes, remuneration and social security | 45 | €15,000 | - | -€15,000 | |
| Taxes | 450/3 | €15,000 | - | -€15,000 | |
| Other amounts payable | 47/48 | €10,219 | €3,350 | -€6,870 | -67.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,461 | €35,346 | +€28,885 | +447% |
| Other operating charges | 640/8 | €843 | €2,255 | +€1,412 | +168% |
| Non-recurring operating charges | 66A | - | €24,202 | +€24,202 | |
| Gross operating margin | 9900 | €54,774 | €77,999 | +€23,225 | +42.4% |
| Operating profit (loss) | 9901 | €47,471 | €16,196 | -€31,274 | -65.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €44 | €6,232 | +€6,189 | +14,226% |
| Recurring financial charges | 65 | €44 | €6,232 | +€6,189 | +14,226% |
| Profit (loss) for the period before taxes | 9903 | €47,427 | €9,964 | -€37,463 | -79.0% |
| Income taxes | 67/77 | €10,300 | -€453 | -€10,753 | |
| Profit (loss) for the period | 9904 | €37,127 | €10,417 | -€26,710 | -71.9% |
| Profit (loss) for the period to be appropriated | 9905 | €37,127 | €10,417 | -€26,710 | -71.9% |
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 19 October 2026 via checked.be.