ODETRANS: 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.
ODETRANS
Largest movements
- Current investments +€3.6m
up €3.6m (+106%), from €3.4m to €7.0m
- Tangible fixed assets -€1.6m
down €1.6m (-50.7%), from €3.2m to €1.6m
of which Furniture and vehicles: -€1.6m
- Cash +€295,254
up €295,254 (+24.0%), from €1.2m to €1.5m
mainly Trade debts (+€2.0m) and Depreciation (+€1.6m)
- Receivables within one year -€139,524
down €139,524 (-9.8%), from €1.4m to €1.3m
of which Trade receivables: -€389,670
- Trade debts +€2.0m
up €2.0m (+136%), from €1.5m to €3.4m
- Gross operating margin -€346,233
down €346,233 (-7.9%), from €4.4m to €4.0m
- Staff costs -€109,943
down €109,943 (-4.3%), from €2.5m to €2.4m
- Depreciation -€71,650
down €71,650 (-4.4%), from €1.6m to €1.6m
- Financial income +€61,488
up €61,488 (+183%), from €33,662 to €95,150
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 | €9,761,645 | €11,818,420 | +€2.1m | +21.1% |
| Fixed assets | 21/28 | €3,243,809 | €1,598,815 | -€1.6m | -50.7% |
| Tangible fixed assets | 22/27 | €3,243,639 | €1,598,815 | -€1.6m | -50.7% |
| Plant, machinery and equipment | 23 | €3,933 | €2,146 | -€1,788 | -45.4% |
| Furniture and vehicles | 24 | €3,239,706 | €1,596,670 | -€1.6m | -50.7% |
| Financial fixed assets | 28 | €170 | - | -€170 | |
| Current assets | 29/58 | €6,517,836 | €10,219,604 | +€3.7m | +56.8% |
| Amounts receivable within one year | 40/41 | €1,421,624 | €1,282,100 | -€139,524 | -9.8% |
| Trade receivables | 40 | €1,144,908 | €755,238 | -€389,670 | -34.0% |
| Other amounts receivable | 41 | €276,716 | €526,862 | +€250,145 | +90.4% |
| Current investments | 50/53 | €3,391,753 | €7,000,000 | +€3.6m | +106% |
| Cash at bank and in hand | 54/58 | €1,227,757 | €1,523,010 | +€295,254 | +24.0% |
| Deferred charges and accrued income | 490/1 | €476,702 | €414,494 | -€62,208 | -13.0% |
| Total equity and liabilities | 10/49 | €9,761,645 | €11,818,420 | +€2.1m | +21.1% |
| Equity | 10/15 | €8,062,412 | €8,097,897 | +€35,485 | +0.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €8,050,012 | €8,085,497 | +€35,485 | +0.4% |
| Tax-exempt reserves | 132 | €1,371,967 | €1,371,967 | = | 0.0% |
| Distributable reserves | 133 | €6,678,045 | €6,713,530 | +€35,485 | +0.5% |
| Amounts payable | 17/49 | €1,699,233 | €3,720,523 | +€2.0m | +119% |
| Amounts payable within one year | 42/48 | €1,690,864 | €3,713,169 | +€2.0m | +120% |
| Trade debts | 44 | €1,461,309 | €3,441,832 | +€2.0m | +136% |
| Suppliers | 440/4 | €1,461,309 | €3,441,832 | +€2.0m | +136% |
| Taxes, remuneration and social security | 45 | €229,555 | €271,338 | +€41,782 | +18.2% |
| Taxes | 450/3 | €64,705 | €34,106 | -€30,599 | -47.3% |
| Remuneration and social security | 454/9 | €164,850 | €237,231 | +€72,381 | +43.9% |
| Accrued charges and deferred income | 492/3 | €8,369 | €7,353 | -€1,015 | -12.1% |
| Non-recurring operating income | 76A | €236,861 | €294,273 | +€57,411 | +24.2% |
| Remuneration, social security and pensions | 62 | €2,534,799 | €2,424,856 | -€109,943 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,646,210 | €1,574,560 | -€71,650 | -4.4% |
| Other operating charges | 640/8 | €41,955 | €39,787 | -€2,168 | -5.2% |
| Non-recurring operating charges | 66A | €28,200 | - | -€28,200 | |
| Gross operating margin | 9900 | €4,362,879 | €4,016,646 | -€346,233 | -7.9% |
| Operating profit (loss) | 9901 | €111,714 | -€22,556 | -€134,271 | |
| Financial income | 75/76B | €33,662 | €95,150 | +€61,488 | +183% |
| Recurring financial income | 75 | €33,662 | €95,150 | +€61,488 | +183% |
| Financial charges | 65/66B | €3,459 | €4,036 | +€577 | +16.7% |
| Recurring financial charges | 65 | €3,459 | €4,036 | +€577 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | €141,918 | €68,558 | -€73,360 | -51.7% |
| Income taxes | 67/77 | €57,410 | €33,073 | -€24,337 | -42.4% |
| Profit (loss) for the period | 9904 | €84,508 | €35,485 | -€49,023 | -58.0% |
| Profit (loss) for the period to be appropriated | 9905 | €84,508 | €35,485 | -€49,023 | -58.0% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.