ODISSEY: 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.
ODISSEY
Largest movements
- Receivables within one year -€27,506
down €27,506 (-59.8%), from €45,969 to €18,463
of which Other amounts receivable: -€17,378
- Cash -€18,791
down €18,791 (-62.0%), from €30,308 to €11,516
mainly Other debts (-€29,057) and Debts after one year (-€9,584)
- Tangible fixed assets +€2,654
up €2,654 (+68.6%), from €3,871 to €6,526
- Deferred charges and accrued income +€1,781
new in 2025: €1,781
- Other debts -€29,057
down €29,057 (-96.9%), from €29,974 to €918
- Debts after one year -€9,584
down €9,584 (-36.7%), from €26,099 to €16,515
- Tax, wage and social debts -€4,700
down €4,700 (-96.4%), from €4,875 to €176
- Trade debts +€891
up €891 (+10.5%), from €8,475 to €9,366
- Profit (loss) carried forward +€872
up €872 (+1.3%), from -€67,365 to -€66,492
- Gross operating margin -€12,765
down €12,765 (-68.9%), from €18,526 to €5,761
- Financial charges -€4,967
down €4,967 (-63.5%), from €7,819 to €2,852
- Other operating charges -€1,262
down €1,262 (-66.2%), from €1,907 to €645
- Depreciation +€656
up €656 (+27.6%), from €2,379 to €3,036
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 | €80,748 | €38,886 | -€41,862 | -51.8% |
| Fixed assets | 21/28 | €4,471 | €7,126 | +€2,654 | +59.4% |
| Tangible fixed assets | 22/27 | €3,871 | €6,526 | +€2,654 | +68.6% |
| Furniture and vehicles | 24 | €3,871 | €6,526 | +€2,654 | +68.6% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €76,276 | €31,760 | -€44,516 | -58.4% |
| Amounts receivable within one year | 40/41 | €45,969 | €18,463 | -€27,506 | -59.8% |
| Trade receivables | 40 | €12,559 | €2,431 | -€10,128 | -80.6% |
| Other amounts receivable | 41 | €33,410 | €16,032 | -€17,378 | -52.0% |
| Cash at bank and in hand | 54/58 | €30,308 | €11,516 | -€18,791 | -62.0% |
| Deferred charges and accrued income | 490/1 | - | €1,781 | +€1,781 | |
| Total equity and liabilities | 10/49 | €80,748 | €38,886 | -€41,862 | -51.8% |
| Equity | 10/15 | €1,455 | €2,328 | +€872 | +60.0% |
| Contributions | 10/11 | €68,820 | €68,820 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,365 | -€66,492 | +€872 | +1.3% |
| Amounts payable | 17/49 | €79,292 | €36,558 | -€42,734 | -53.9% |
| Amounts payable after more than one year | 17 | €26,099 | €16,515 | -€9,584 | -36.7% |
| Financial debts | 170/4 | €26,099 | €16,515 | -€9,584 | -36.7% |
| Amounts payable within one year | 42/48 | €52,671 | €20,043 | -€32,629 | -61.9% |
| Current portion of amounts payable after more than one year | 42 | €9,347 | €9,584 | +€237 | +2.5% |
| Trade debts | 44 | €8,475 | €9,366 | +€891 | +10.5% |
| Suppliers | 440/4 | €8,475 | €9,366 | +€891 | +10.5% |
| Taxes, remuneration and social security | 45 | €4,875 | €176 | -€4,700 | -96.4% |
| Taxes | 450/3 | €4,875 | €176 | -€4,700 | -96.4% |
| Other amounts payable | 47/48 | €29,974 | €918 | -€29,057 | -96.9% |
| Accrued charges and deferred income | 492/3 | €522 | €0 | -€522 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,379 | €3,036 | +€656 | +27.6% |
| Other operating charges | 640/8 | €1,907 | €645 | -€1,262 | -66.2% |
| Non-recurring operating charges | 66A | €857 | €0 | -€857 | -100.0% |
| Gross operating margin | 9900 | €18,526 | €5,761 | -€12,765 | -68.9% |
| Operating profit (loss) | 9901 | €13,382 | €2,080 | -€11,302 | -84.5% |
| Financial income | 75/76B | €1,670 | €1,786 | +€116 | +6.9% |
| Recurring financial income | 75 | €1,670 | €1,786 | +€116 | +6.9% |
| Financial charges | 65/66B | €7,819 | €2,852 | -€4,967 | -63.5% |
| Recurring financial charges | 65 | €7,819 | €2,852 | -€4,967 | -63.5% |
| Profit (loss) for the period before taxes | 9903 | €7,233 | €1,013 | -€6,220 | -86.0% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | €7,094 | €872 | -€6,221 | -87.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,094 | €872 | -€6,221 | -87.7% |
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 5 October 2026 via checked.be.