ODEST: 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.
ODEST
Largest movements
- Tangible fixed assets +€26,410
up €26,410 (+561%), from €4,706 to €31,117
- Receivables within one year +€19,538
up €19,538 (+159%), from €12,282 to €31,820
of which Trade receivables: +€21,233
- Cash +€14,027
up €14,027 (+19.1%), from €73,546 to €87,573
mainly Net result for the year (+€38,070) and Tax, wage and social debts (+€20,014)
- Reserves +€38,070
up €38,070 (+43.8%), from €86,829 to €124,899
- Tax, wage and social debts +€20,014
up €20,014 (+51.4%), from €38,955 to €58,969
- Trade debts +€3,141
up €3,141 (+82.6%), from €3,800 to €6,941
- Gross operating margin -€71,633
down €71,633 (-53.9%), from €132,803 to €61,170
- Taxes -€23,131
down €23,131 (-59.4%), from €38,955 to €15,824
- Depreciation +€4,001
up €4,001 (+147%), from €2,725 to €6,726
- Other operating charges -€3,828
down €3,828 (-73.7%), from €5,195 to €1,368
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 | €140,535 | €200,510 | +€59,975 | +42.7% |
| Fixed assets | 21/28 | €4,706 | €31,117 | +€26,410 | +561% |
| Tangible fixed assets | 22/27 | €4,706 | €31,117 | +€26,410 | +561% |
| Furniture and vehicles | 24 | €4,706 | €31,117 | +€26,410 | +561% |
| Current assets | 29/58 | €135,828 | €169,393 | +€33,565 | +24.7% |
| Amounts receivable within one year | 40/41 | €12,282 | €31,820 | +€19,538 | +159% |
| Trade receivables | 40 | €10,588 | €31,820 | +€21,233 | +201% |
| Other amounts receivable | 41 | €1,694 | - | -€1,694 | |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €73,546 | €87,573 | +€14,027 | +19.1% |
| Total equity and liabilities | 10/49 | €140,535 | €200,510 | +€59,975 | +42.7% |
| Equity | 10/15 | €91,829 | €129,899 | +€38,070 | +41.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €86,829 | €124,899 | +€38,070 | +43.8% |
| Distributable reserves | 133 | €86,829 | €124,899 | +€38,070 | +43.8% |
| Amounts payable | 17/49 | €48,705 | €70,610 | +€21,905 | +45.0% |
| Amounts payable within one year | 42/48 | €48,705 | €70,610 | +€21,905 | +45.0% |
| Trade debts | 44 | €3,800 | €6,941 | +€3,141 | +82.6% |
| Suppliers | 440/4 | €3,800 | €6,941 | +€3,141 | +82.6% |
| Taxes, remuneration and social security | 45 | €38,955 | €58,969 | +€20,014 | +51.4% |
| Taxes | 450/3 | €38,955 | €58,969 | +€20,014 | +51.4% |
| Other amounts payable | 47/48 | €5,950 | €4,700 | -€1,250 | -21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,725 | €6,726 | +€4,001 | +147% |
| Other operating charges | 640/8 | €5,195 | €1,368 | -€3,828 | -73.7% |
| Gross operating margin | 9900 | €132,803 | €61,170 | -€71,633 | -53.9% |
| Operating profit (loss) | 9901 | €124,883 | €53,076 | -€71,806 | -57.5% |
| Financial income | 75/76B | €1,103 | €980 | -€123 | -11.1% |
| Recurring financial income | 75 | €1,103 | €980 | -€123 | -11.1% |
| Financial charges | 65/66B | €201 | €162 | -€39 | -19.4% |
| Recurring financial charges | 65 | €201 | €162 | -€39 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €125,784 | €53,894 | -€71,890 | -57.2% |
| Income taxes | 67/77 | €38,955 | €15,824 | -€23,131 | -59.4% |
| Profit (loss) for the period | 9904 | €86,829 | €38,070 | -€48,759 | -56.2% |
| Profit (loss) for the period to be appropriated | 9905 | €86,829 | €38,070 | -€48,759 | -56.2% |
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 16 October 2026 via checked.be.