Odigos: 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.
Odigos
Largest movements
- Receivables within one year +€36,638
up €36,638 (+194%), from €18,882 to €55,520
of which Trade receivables: +€23,009
- Cash -€9,605
no longer reported in 2025 (was €9,605)
mainly Receivables within one year (-€36,638) and Tax, wage and social debts (-€18,052)
- Deferred charges and accrued income -€2,665
no longer reported in 2025 (was €2,665)
- Tangible fixed assets -€2,508
down €2,508 (-16.5%), from €15,209 to €12,701
- Tax, wage and social debts -€18,052
down €18,052 (-43.2%), from €41,764 to €23,712
- Current portion of long-term debt +€17,054
new in 2025: €17,054
- Reserves +€11,691
up €11,691 (+10.3%), from €113,829 to €125,520
- Trade debts +€11,168
up €11,168 (+349%), from €3,196 to €14,364
- Gross operating margin +€14,461
up €14,461 (+87.2%), from €16,581 to €31,043
- Taxes +€5,838
up €5,838 (+175%), from €3,339 to €9,177
- Financial income +€5,269
up €5,269 (+418,187%), from €1 to €5,270
- Financial charges +€2,643
up €2,643 (+44.4%), from €5,951 to €8,594
- Other operating charges +€2,375
up €2,375 (+562%), from €423 to €2,798
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 | €160,790 | €182,650 | +€21,860 | +13.6% |
| Fixed assets | 21/28 | €15,209 | €12,701 | -€2,508 | -16.5% |
| Tangible fixed assets | 22/27 | €15,209 | €12,701 | -€2,508 | -16.5% |
| Plant, machinery and equipment | 23 | €6,382 | €5,846 | -€537 | -8.4% |
| Furniture and vehicles | 24 | €3,356 | €2,250 | -€1,105 | -32.9% |
| Other tangible fixed assets | 26 | €5,471 | €4,605 | -€866 | -15.8% |
| Current assets | 29/58 | €145,581 | €169,949 | +€24,368 | +16.7% |
| Amounts receivable after more than one year | 29 | €114,429 | €114,429 | = | 0.0% |
| Other amounts receivable | 291 | €114,429 | €114,429 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €18,882 | €55,520 | +€36,638 | +194% |
| Trade receivables | 40 | €12,702 | €35,711 | +€23,009 | +181% |
| Other amounts receivable | 41 | €6,181 | €19,810 | +€13,629 | +221% |
| Cash at bank and in hand | 54/58 | €9,605 | - | -€9,605 | |
| Deferred charges and accrued income | 490/1 | €2,665 | - | -€2,665 | |
| Total equity and liabilities | 10/49 | €160,790 | €182,650 | +€21,860 | +13.6% |
| Equity | 10/15 | €115,829 | €127,520 | +€11,691 | +10.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €113,829 | €125,520 | +€11,691 | +10.3% |
| Distributable reserves | 133 | €113,829 | €125,520 | +€11,691 | +10.3% |
| Amounts payable | 17/49 | €44,961 | €55,130 | +€10,169 | +22.6% |
| Amounts payable within one year | 42/48 | €44,961 | €55,130 | +€10,169 | +22.6% |
| Current portion of amounts payable after more than one year | 42 | - | €17,054 | +€17,054 | |
| Trade debts | 44 | €3,196 | €14,364 | +€11,168 | +349% |
| Suppliers | 440/4 | €3,196 | €14,364 | +€11,168 | +349% |
| Taxes, remuneration and social security | 45 | €41,764 | €23,712 | -€18,052 | -43.2% |
| Taxes | 450/3 | €41,764 | €23,712 | -€18,052 | -43.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,258 | €4,053 | +€796 | +24.4% |
| Other operating charges | 640/8 | €423 | €2,798 | +€2,375 | +562% |
| Gross operating margin | 9900 | €16,581 | €31,043 | +€14,461 | +87.2% |
| Operating profit (loss) | 9901 | €12,901 | €24,192 | +€11,291 | +87.5% |
| Financial income | 75/76B | €1 | €5,270 | +€5,269 | +418,187% |
| Recurring financial income | 75 | €1 | €5,270 | +€5,269 | +418,187% |
| Financial charges | 65/66B | €5,951 | €8,594 | +€2,643 | +44.4% |
| Recurring financial charges | 65 | €5,951 | €8,594 | +€2,643 | +44.4% |
| Profit (loss) for the period before taxes | 9903 | €6,951 | €20,868 | +€13,917 | +200% |
| Income taxes | 67/77 | €3,339 | €9,177 | +€5,838 | +175% |
| Profit (loss) for the period | 9904 | €3,612 | €11,691 | +€8,079 | +224% |
| Profit (loss) for the period to be appropriated | 9905 | €3,612 | €11,691 | +€8,079 | +224% |
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 25 October 2026 via checked.be.