ODESIM: 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.
ODESIM
Largest movements
- Receivables within one year +€499
up €499 (+5.3%), from €9,400 to €9,899
- Other debts +€16,650
up €16,650 (+16.8%), from €99,103 to €115,753
- Profit (loss) carried forward -€13,854
down €13,854 (-10.6%), from -€131,313 to -€145,167
- Short-term financial debts -€2,038
down €2,038 (-27.4%), from €7,450 to €5,412
- Tax, wage and social debts -€521
no longer reported in 2025 (was €521)
- Gross operating margin -€16,299
down €16,299, from €10,690 to -€5,608
- Other operating charges +€3,369
up €3,369 (+132.5%), from €2,543 to €5,912
- Financial charges -€571
down €571 (-21.8%), from €2,625 to €2,054
- Depreciation -€225
down €225 (-44.5%), from €505 to €280
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,298 | €42,516 | +€218 | +0.5% |
| Fixed assets | 21/28 | €32,898 | €32,618 | -€280 | -0.9% |
| Tangible fixed assets | 22/27 | €30,683 | €30,403 | -€280 | -0.9% |
| Land and buildings | 22 | €30,683 | €30,403 | -€280 | -0.9% |
| Financial fixed assets | 28 | €2,215 | €2,215 | = | 0.0% |
| Current assets | 29/58 | €9,400 | €9,899 | +€499 | +5.3% |
| Amounts receivable within one year | 40/41 | €9,400 | €9,899 | +€499 | +5.3% |
| Other amounts receivable | 41 | €9,400 | €9,899 | +€499 | +5.3% |
| Total equity and liabilities | 10/49 | €42,298 | €42,516 | +€218 | +0.5% |
| Equity | 10/15 | -€64,795 | -€78,649 | -€13,854 | -21.4% |
| Contributions | 10/11 | €62,074 | €62,074 | = | 0.0% |
| Capital | 10 | €62,074 | €62,074 | = | 0.0% |
| Issued capital | 100 | €62,074 | €62,074 | = | 0.0% |
| Reserves | 13 | €4,444 | €4,444 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,444 | €4,444 | = | 0.0% |
| Legal reserve | 130 | €4,444 | €4,444 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€131,313 | -€145,167 | -€13,854 | -10.6% |
| Amounts payable | 17/49 | €107,093 | €121,166 | +€14,072 | +13.1% |
| Amounts payable within one year | 42/48 | €107,093 | €121,166 | +€14,072 | +13.1% |
| Financial debts | 43 | €7,450 | €5,412 | -€2,038 | -27.4% |
| Credit institutions | 430/8 | €7,450 | €5,412 | -€2,038 | -27.4% |
| Trade debts | 44 | €19 | - | -€19 | |
| Suppliers | 440/4 | €19 | - | -€19 | |
| Taxes, remuneration and social security | 45 | €521 | - | -€521 | |
| Taxes | 450/3 | €521 | - | -€521 | |
| Other amounts payable | 47/48 | €99,103 | €115,753 | +€16,650 | +16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €505 | €280 | -€225 | -44.5% |
| Other operating charges | 640/8 | €2,543 | €5,912 | +€3,369 | +132.5% |
| Gross operating margin | 9900 | €10,690 | -€5,608 | -€16,299 | |
| Operating profit (loss) | 9901 | €7,643 | -€11,800 | -€19,443 | |
| Financial charges | 65/66B | €2,625 | €2,054 | -€571 | -21.8% |
| Recurring financial charges | 65 | €2,625 | €2,054 | -€571 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €5,018 | -€13,854 | -€18,872 | |
| Profit (loss) for the period | 9904 | €5,018 | -€13,854 | -€18,872 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,018 | -€13,854 | -€18,872 |
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 1 October 2026 via checked.be.