ODET: 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.
ODET
Largest movements
- Cash -€120,936
down €120,936 (-71.2%), from €169,826 to €48,889
mainly Investment in fixed assets (net) (-€164,375) and Debts after one year (-€17,425)
- Tangible fixed assets +€120,455
up €120,455 (+23.7%), from €507,616 to €628,071
of which Furniture and vehicles: +€99,451
- Debts after one year -€17,425
down €17,425 (-10.6%), from €163,914 to €146,489
- Profit (loss) carried forward +€15,203
up €15,203 (+68.9%), from -€22,072 to -€6,869
- Gross operating margin -€11,964
down €11,964 (-16.0%), from €74,660 to €62,697
- Depreciation +€6,616
up €6,616 (+17.7%), from €37,304 to €43,920
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 | €681,540 | €683,061 | +€1,521 | +0.2% |
| Fixed assets | 21/28 | €510,198 | €630,653 | +€120,455 | +23.6% |
| Intangible fixed assets | 21 | €2,581 | €2,581 | = | 0.0% |
| Tangible fixed assets | 22/27 | €507,616 | €628,071 | +€120,455 | +23.7% |
| Land and buildings | 22 | €488,072 | €510,468 | +€22,396 | +4.6% |
| Plant, machinery and equipment | 23 | €2,449 | €1,056 | -€1,392 | -56.9% |
| Furniture and vehicles | 24 | €17,096 | €116,547 | +€99,451 | +582% |
| Current assets | 29/58 | €171,342 | €52,408 | -€118,934 | -69.4% |
| Amounts receivable within one year | 40/41 | - | €2,585 | +€2,585 | |
| Other amounts receivable | 41 | - | €2,585 | +€2,585 | |
| Cash at bank and in hand | 54/58 | €169,826 | €48,889 | -€120,936 | -71.2% |
| Deferred charges and accrued income | 490/1 | €1,516 | €934 | -€582 | -38.4% |
| Total equity and liabilities | 10/49 | €681,540 | €683,061 | +€1,521 | +0.2% |
| Equity | 10/15 | -€21,072 | -€5,869 | +€15,203 | +72.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,072 | -€6,869 | +€15,203 | +68.9% |
| Amounts payable | 17/49 | €702,612 | €688,930 | -€13,682 | -1.9% |
| Amounts payable after more than one year | 17 | €163,914 | €146,489 | -€17,425 | -10.6% |
| Financial debts | 170/4 | €163,914 | €146,489 | -€17,425 | -10.6% |
| Amounts payable within one year | 42/48 | €538,698 | €542,441 | +€3,743 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €17,193 | €17,425 | +€231 | +1.3% |
| Trade debts | 44 | €4,012 | €10,584 | +€6,573 | +164% |
| Suppliers | 440/4 | €4,012 | €10,584 | +€6,573 | +164% |
| Taxes, remuneration and social security | 45 | €3,400 | - | -€3,400 | |
| Taxes | 450/3 | €3,400 | - | -€3,400 | |
| Other amounts payable | 47/48 | €514,093 | €514,432 | +€339 | +0.1% |
| Non-recurring operating income | 76A | €13,391 | - | -€13,391 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,304 | €43,920 | +€6,616 | +17.7% |
| Other operating charges | 640/8 | €838 | €1,031 | +€192 | +22.9% |
| Gross operating margin | 9900 | €74,660 | €62,697 | -€11,964 | -16.0% |
| Operating profit (loss) | 9901 | €36,518 | €17,746 | -€18,772 | -51.4% |
| Financial income | 75/76B | €0 | €8 | +€8 | +39,300% |
| Recurring financial income | 75 | €0 | €8 | +€8 | +39,300% |
| Financial charges | 65/66B | €2,718 | €2,551 | -€167 | -6.2% |
| Recurring financial charges | 65 | €2,718 | €2,551 | -€167 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €33,800 | €15,203 | -€18,597 | -55.0% |
| Profit (loss) for the period | 9904 | €33,800 | €15,203 | -€18,597 | -55.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,800 | €15,203 | -€18,597 | -55.0% |
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 14 October 2026 via checked.be.