ODES MANAGEMENT: 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.
ODES MANAGEMENT
Largest movements
- Cash +€127,688
up €127,688 (+2395.6%), from €5,330 to €133,018
mainly Other debts (+€122,687) and Current investments (+€90,000)
- Current investments -€90,000
down €90,000 (-100.0%), from €90,000 to €0
- Tangible fixed assets -€33,028
down €33,028 (-14.2%), from €231,917 to €198,889
of which Land and buildings: -€33,028
- Receivables within one year +€7,151
up €7,151 (+34.3%), from €20,831 to €27,982
of which Trade receivables: +€5,198
- Reserves -€124,000
down €124,000 (-61.7%), from €201,000 to €77,000
of which Distributable reserves: -€122,000
- Other debts +€122,687
up €122,687 (+297.0%), from €41,313 to €164,000
- Tax, wage and social debts +€11,525
up €11,525 (+277.0%), from €4,161 to €15,686
- Gross operating margin +€49,924
up €49,924 (+117.9%), from €42,353 to €92,277
- Taxes +€14,497
up €14,497 (+343.9%), from €4,215 to €18,712
- Financial income -€1,637
down €1,637 (-34.4%), from €4,765 to €3,128
- Depreciation -€1,057
down €1,057 (-3.1%), from €34,084 to €33,028
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 | €479,070 | €490,306 | +€11,236 | +2.3% |
| Fixed assets | 21/28 | €362,334 | €329,306 | -€33,028 | -9.1% |
| Tangible fixed assets | 22/27 | €231,917 | €198,889 | -€33,028 | -14.2% |
| Land and buildings | 22 | €231,917 | €198,889 | -€33,028 | -14.2% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €130,417 | €130,417 | = | 0.0% |
| Current assets | 29/58 | €116,736 | €161,000 | +€44,264 | +37.9% |
| Amounts receivable within one year | 40/41 | €20,831 | €27,982 | +€7,151 | +34.3% |
| Trade receivables | 40 | €17,854 | €23,051 | +€5,198 | +29.1% |
| Other amounts receivable | 41 | €2,977 | €4,930 | +€1,953 | +65.6% |
| Current investments | 50/53 | €90,000 | €0 | -€90,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €5,330 | €133,018 | +€127,688 | +2395.6% |
| Deferred charges and accrued income | 490/1 | €575 | €0 | -€575 | -100.0% |
| Total equity and liabilities | 10/49 | €479,070 | €490,306 | +€11,236 | +2.3% |
| Equity | 10/15 | €428,597 | €304,611 | -€123,986 | -28.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €201,000 | €77,000 | -€124,000 | -61.7% |
| Non-distributable reserves | 130/1 | €2,000 | - | -€2,000 | |
| Reserves not available under the articles | 1311 | €2,000 | - | -€2,000 | |
| Distributable reserves | 133 | €199,000 | €77,000 | -€122,000 | -61.3% |
| Profit (loss) carried forward | 14 | €207,597 | €207,611 | +€14 | 0.0% |
| Amounts payable | 17/49 | €50,473 | €185,695 | +€135,222 | +267.9% |
| Amounts payable within one year | 42/48 | €47,210 | €182,861 | +€135,650 | +287.3% |
| Trade debts | 44 | €1,736 | €3,175 | +€1,439 | +82.9% |
| Suppliers | 440/4 | €1,736 | €3,175 | +€1,439 | +82.9% |
| Taxes, remuneration and social security | 45 | €4,161 | €15,686 | +€11,525 | +277.0% |
| Taxes | 450/3 | €4,161 | €15,686 | +€11,525 | +277.0% |
| Other amounts payable | 47/48 | €41,313 | €164,000 | +€122,687 | +297.0% |
| Accrued charges and deferred income | 492/3 | €3,263 | €2,834 | -€428 | -13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,084 | €33,028 | -€1,057 | -3.1% |
| Other operating charges | 640/8 | €596 | €772 | +€176 | +29.5% |
| Gross operating margin | 9900 | €42,353 | €92,277 | +€49,924 | +117.9% |
| Operating profit (loss) | 9901 | €7,672 | €58,477 | +€50,805 | +662.2% |
| Financial income | 75/76B | €4,765 | €3,128 | -€1,637 | -34.4% |
| Recurring financial income | 75 | €4,765 | €3,128 | -€1,637 | -34.4% |
| Financial charges | 65/66B | €3,307 | €2,878 | -€428 | -13.0% |
| Recurring financial charges | 65 | €3,307 | €2,878 | -€428 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €9,130 | €58,726 | +€49,596 | +543.2% |
| Income taxes | 67/77 | €4,215 | €18,712 | +€14,497 | +343.9% |
| Profit (loss) for the period | 9904 | €4,915 | €40,014 | +€35,099 | +714.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,915 | €40,014 | +€35,099 | +714.1% |
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 4 October 2026 via checked.be.