ODIGO BELGIUM: 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.
ODIGO BELGIUM
Largest movements
- Receivables within one year +€133,022
up €133,022 (+42.5%), from €312,857 to €445,879
of which Trade receivables: +€128,454
- Cash +€19,773
up €19,773 (+145%), from €13,643 to €33,416
mainly Other debts (+€114,219) and Tax, wage and social debts (+€37,050)
- Other debts +€114,219
up €114,219 (+41.0%), from €278,625 to €392,844
- Tax, wage and social debts +€37,050
up €37,050 (+289%), from €12,802 to €49,852
of which Remuneration and social security: +€19,476
- Profit (loss) carried forward +€11,592
up €11,592 (+70.8%), from €16,380 to €27,971
- Trade debts -€9,820
down €9,820 (-54.4%), from €18,060 to €8,240
- Gross operating margin +€128,169
up €128,169 (+54.7%), from €234,449 to €362,617
- Staff costs +€117,254
up €117,254 (+52.5%), from €223,500 to €340,753
- Taxes +€3,752
up €3,752 (+165%), from €2,271 to €6,023
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 | €326,867 | €479,907 | +€153,040 | +46.8% |
| Fixed assets | 21/28 | €367 | €367 | = | 0.0% |
| Financial fixed assets | 28 | €367 | €367 | = | 0.0% |
| Current assets | 29/58 | €326,500 | €479,540 | +€153,040 | +46.9% |
| Amounts receivable within one year | 40/41 | €312,857 | €445,879 | +€133,022 | +42.5% |
| Trade receivables | 40 | €308,585 | €437,039 | +€128,454 | +41.6% |
| Other amounts receivable | 41 | €4,272 | €8,840 | +€4,568 | +107% |
| Cash at bank and in hand | 54/58 | €13,643 | €33,416 | +€19,773 | +145% |
| Deferred charges and accrued income | 490/1 | €0 | €246 | +€246 | |
| Total equity and liabilities | 10/49 | €326,867 | €479,907 | +€153,040 | +46.8% |
| Equity | 10/15 | €17,380 | €28,971 | +€11,592 | +66.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,380 | €27,971 | +€11,592 | +70.8% |
| Amounts payable | 17/49 | €309,487 | €450,936 | +€141,448 | +45.7% |
| Amounts payable within one year | 42/48 | €309,487 | €450,936 | +€141,448 | +45.7% |
| Trade debts | 44 | €18,060 | €8,240 | -€9,820 | -54.4% |
| Suppliers | 440/4 | €18,060 | €8,240 | -€9,820 | -54.4% |
| Taxes, remuneration and social security | 45 | €12,802 | €49,852 | +€37,050 | +289% |
| Taxes | 450/3 | €11,102 | €28,676 | +€17,574 | +158% |
| Remuneration and social security | 454/9 | €1,700 | €21,176 | +€19,476 | +1,146% |
| Other amounts payable | 47/48 | €278,625 | €392,844 | +€114,219 | +41.0% |
| Remuneration, social security and pensions | 62 | €223,500 | €340,753 | +€117,254 | +52.5% |
| Other operating charges | 640/8 | €772 | €610 | -€162 | -21.0% |
| Non-recurring operating charges | 66A | €3,218 | €0 | -€3,218 | -100% |
| Gross operating margin | 9900 | €234,449 | €362,617 | +€128,169 | +54.7% |
| Operating profit (loss) | 9901 | €6,959 | €21,254 | +€14,295 | +205% |
| Financial income | 75/76B | €0 | €325 | +€325 | |
| Recurring financial income | 75 | €0 | €325 | +€325 | |
| Financial charges | 65/66B | €4,390 | €3,965 | -€425 | -9.7% |
| Recurring financial charges | 65 | €4,390 | €3,965 | -€425 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €2,570 | €17,615 | +€15,045 | +585% |
| Income taxes | 67/77 | €2,271 | €6,023 | +€3,752 | +165% |
| Profit (loss) for the period | 9904 | €298 | €11,592 | +€11,293 | +3,784% |
| Profit (loss) for the period to be appropriated | 9905 | €298 | €11,592 | +€11,293 | +3,784% |
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 29 October 2026 via checked.be.