Odiseo: what changed
Two fiscal 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.
Odiseo
Largest movements
- Cash +€18,019
up €18,019 (+10.3%), from €175,077 to €193,096
mainly Other debts (+€67,886) and Depreciation (+€11,013)
- Tangible fixed assets -€11,013
down €11,013 (-29.1%), from €37,807 to €26,794
of which Furniture and vehicles: -€7,188
- Receivables within one year +€6,542
up €6,542 (+42.2%), from €15,490 to €22,032
of which Trade receivables: +€6,152
- Profit (loss) carried forward -€91,305
down €91,305 (-89.6%), from €101,937 to €10,632
- Other debts +€67,886
up €67,886 (+3211.3%), from €2,114 to €70,000
- Reserves +€30,000
up €30,000 (+25.0%), from €120,000 to €150,000
- Tax, wage and social debts +€6,868
up €6,868 (+256.9%), from €2,673 to €9,541
- Taxes +€10,719
up €10,719 (+192.9%), from €5,558 to €16,277
- Depreciation -€1,803
down €1,803 (-14.1%), from €12,816 to €11,013
- Financial charges -€467
down €467 (-58.0%), from €805 to €338
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.
Cash bridge derived
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 | €228,374 | €241,922 | +€13,548 | +5.9% |
| Fixed assets | 21/28 | €37,807 | €26,794 | -€11,013 | -29.1% |
| Tangible fixed assets | 22/27 | €37,807 | €26,794 | -€11,013 | -29.1% |
| Land and buildings | 22 | €30,497 | €26,672 | -€3,825 | -12.5% |
| Furniture and vehicles | 24 | €7,310 | €122 | -€7,188 | -98.3% |
| Current assets | 29/58 | €190,567 | €215,128 | +€24,561 | +12.9% |
| Amounts receivable within one year | 40/41 | €15,490 | €22,032 | +€6,542 | +42.2% |
| Trade receivables | 40 | €9,348 | €15,500 | +€6,152 | +65.8% |
| Other amounts receivable | 41 | €6,142 | €6,532 | +€390 | +6.3% |
| Cash at bank and in hand | 54/58 | €175,077 | €193,096 | +€18,019 | +10.3% |
| Total equity and liabilities | 10/49 | €228,374 | €241,922 | +€13,548 | +5.9% |
| Equity | 10/15 | €223,037 | €161,732 | -€61,305 | -27.5% |
| Contributions | 10/11 | €1,100 | €1,100 | = | 0.0% |
| Reserves | 13 | €120,000 | €150,000 | +€30,000 | +25.0% |
| Distributable reserves | 133 | €120,000 | €150,000 | +€30,000 | +25.0% |
| Profit (loss) carried forward | 14 | €101,937 | €10,632 | -€91,305 | -89.6% |
| Amounts payable | 17/49 | €5,337 | €80,190 | +€74,853 | +1402.5% |
| Amounts payable within one year | 42/48 | €5,337 | €80,190 | +€74,853 | +1402.5% |
| Trade debts | 44 | €550 | €649 | +€99 | +18.0% |
| Suppliers | 440/4 | €550 | €649 | +€99 | +18.0% |
| Taxes, remuneration and social security | 45 | €2,673 | €9,541 | +€6,868 | +256.9% |
| Taxes | 450/3 | €2,673 | €9,541 | +€6,868 | +256.9% |
| Other amounts payable | 47/48 | €2,114 | €70,000 | +€67,886 | +3211.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,816 | €11,013 | -€1,803 | -14.1% |
| Other operating charges | 640/8 | €842 | €864 | +€22 | +2.6% |
| Gross operating margin | 9900 | €36,136 | €36,353 | +€217 | +0.6% |
| Operating profit (loss) | 9901 | €22,478 | €24,476 | +€1,998 | +8.9% |
| Financial income | 75/76B | €557 | €834 | +€277 | +49.7% |
| Recurring financial income | 75 | €557 | €834 | +€277 | +49.7% |
| Financial charges | 65/66B | €805 | €338 | -€467 | -58.0% |
| Recurring financial charges | 65 | €805 | €338 | -€467 | -58.0% |
| Profit (loss) for the period before taxes | 9903 | €22,230 | €24,972 | +€2,742 | +12.3% |
| Income taxes | 67/77 | €5,558 | €16,277 | +€10,719 | +192.9% |
| Profit (loss) for the period | 9904 | €16,672 | €8,695 | -€7,977 | -47.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,672 | €8,695 | -€7,977 | -47.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.