Odevaere: 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.
Odevaere
Largest movements
- Tangible fixed assets -€43,114
down €43,114 (-4.2%), from €1.0m to €974,264
of which Land and buildings: -€52,673
- Receivables within one year +€35,348
up €35,348 (+174%), from €20,324 to €55,672
of which Other amounts receivable: +€24,017
- Deferred charges and accrued income -€21,507
down €21,507 (-67.5%), from €31,877 to €10,370
- Cash +€18,798
up €18,798 (+84.7%), from €22,207 to €41,005
mainly Depreciation (+€103,099) and Net result for the year (+€53,979)
- Debts after one year -€111,997
down €111,997 (-12.3%), from €912,220 to €800,223
- Reserves +€53,979
up €53,979 (+278%), from €19,389 to €73,368
- Trade debts +€31,629
up €31,629 (+43.3%), from €72,972 to €104,601
- Other debts +€15,000
new in 2025: €15,000
- Gross operating margin -€75,340
down €75,340 (-19.3%), from €391,343 to €316,003
- Other operating charges +€16,234
up €16,234 (+287%), from €5,655 to €21,889
- Financial charges +€14,231
up €14,231 (+184%), from €7,716 to €21,947
- Taxes +€12,992
up €12,992 (+670%), from €1,939 to €14,930
- Staff costs -€4,225
down €4,225 (-4.0%), from €104,384 to €100,159
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 | €1,101,958 | €1,090,729 | -€11,229 | -1.0% |
| Fixed assets | 21/28 | €1,017,551 | €974,682 | -€42,869 | -4.2% |
| Tangible fixed assets | 22/27 | €1,017,377 | €974,264 | -€43,114 | -4.2% |
| Land and buildings | 22 | €795,223 | €742,550 | -€52,673 | -6.6% |
| Plant, machinery and equipment | 23 | €11,532 | €4,981 | -€6,551 | -56.8% |
| Furniture and vehicles | 24 | €5,068 | €4,961 | -€106 | -2.1% |
| Other tangible fixed assets | 26 | €205,555 | €221,772 | +€16,217 | +7.9% |
| Financial fixed assets | 28 | €173 | €418 | +€245 | +141% |
| Current assets | 29/58 | €84,407 | €116,047 | +€31,640 | +37.5% |
| Stocks and contracts in progress | 3 | €10,000 | €9,000 | -€1,000 | -10.0% |
| Stocks | 30/36 | €10,000 | €9,000 | -€1,000 | -10.0% |
| Amounts receivable within one year | 40/41 | €20,324 | €55,672 | +€35,348 | +174% |
| Trade receivables | 40 | €15,217 | €26,548 | +€11,331 | +74.5% |
| Other amounts receivable | 41 | €5,107 | €29,124 | +€24,017 | +470% |
| Cash at bank and in hand | 54/58 | €22,207 | €41,005 | +€18,798 | +84.7% |
| Deferred charges and accrued income | 490/1 | €31,877 | €10,370 | -€21,507 | -67.5% |
| Total equity and liabilities | 10/49 | €1,101,958 | €1,090,729 | -€11,229 | -1.0% |
| Equity | 10/15 | €37,939 | €91,918 | +€53,979 | +142% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €19,389 | €73,368 | +€53,979 | +278% |
| Distributable reserves | 133 | €19,389 | €73,368 | +€53,979 | +278% |
| Provisions and deferred taxes | 16 | €7,500 | €7,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €7,500 | €7,500 | = | 0.0% |
| Other liabilities and charges | 164/5 | €7,500 | €7,500 | = | 0.0% |
| Amounts payable | 17/49 | €1,056,519 | €991,311 | -€65,208 | -6.2% |
| Amounts payable after more than one year | 17 | €912,220 | €800,223 | -€111,997 | -12.3% |
| Financial debts | 170/4 | €912,220 | €800,223 | -€111,997 | -12.3% |
| Amounts payable within one year | 42/48 | €141,843 | €188,539 | +€46,696 | +32.9% |
| Current portion of amounts payable after more than one year | 42 | €38,243 | €39,108 | +€865 | +2.3% |
| Trade debts | 44 | €72,972 | €104,601 | +€31,629 | +43.3% |
| Suppliers | 440/4 | €72,972 | €104,601 | +€31,629 | +43.3% |
| Advances received on contracts in progress | 46 | €33 | - | -€33 | |
| Taxes, remuneration and social security | 45 | €30,595 | €29,830 | -€765 | -2.5% |
| Taxes | 450/3 | €21,000 | €20,535 | -€465 | -2.2% |
| Remuneration and social security | 454/9 | €9,595 | €9,295 | -€300 | -3.1% |
| Other amounts payable | 47/48 | - | €15,000 | +€15,000 | |
| Accrued charges and deferred income | 492/3 | €2,456 | €2,549 | +€93 | +3.8% |
| Remuneration, social security and pensions | 62 | €104,384 | €100,159 | -€4,225 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,452 | €103,099 | +€3,647 | +3.7% |
| Other operating charges | 640/8 | €5,655 | €21,889 | +€16,234 | +287% |
| Gross operating margin | 9900 | €391,343 | €316,003 | -€75,340 | -19.3% |
| Operating profit (loss) | 9901 | €181,852 | €90,856 | -€90,996 | -50.0% |
| Financial income | 75/76B | €83 | - | -€83 | |
| Recurring financial income | 75 | €83 | - | -€83 | |
| Financial charges | 65/66B | €7,716 | €21,947 | +€14,231 | +184% |
| Recurring financial charges | 65 | €7,716 | €21,947 | +€14,231 | +184% |
| Profit (loss) for the period before taxes | 9903 | €174,220 | €68,910 | -€105,310 | -60.4% |
| Income taxes | 67/77 | €1,939 | €14,930 | +€12,992 | +670% |
| Profit (loss) for the period | 9904 | €172,281 | €53,979 | -€118,302 | -68.7% |
| Profit (loss) for the period to be appropriated | 9905 | €172,281 | €53,979 | -€118,302 | -68.7% |
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.