ODIX: 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.
ODIX
Largest movements
- Intangible fixed assets +€297,600
up €297,600 (+213%), from €139,658 to €437,258
- Receivables within one year -€84,051
down €84,051 (-82.1%), from €102,348 to €18,296
of which Other amounts receivable: -€89,788
- Deferred charges and accrued income -€54,587
down €54,587 (-97.8%), from €55,840 to €1,253
- Cash -€41,137
down €41,137 (-22.8%), from €180,579 to €139,441
mainly Investment in fixed assets (net) (-€299,959) and Net result for the year (-€133,012)
- Investment grants +€142,892
up €142,892 (+113%), from €126,598 to €269,489
- Profit (loss) carried forward -€133,012
down €133,012 (-43.3%), from -€307,119 to -€440,131
- Debts after one year +€81,786
up €81,786 (+98.3%), from €83,214 to €165,000
of which Financial debts: +€165,000
- Trade debts +€27,613
up €27,613 (+89.3%), from €30,913 to €58,526
- Purchases and services +€217,732
up €217,732 (+104%), from €208,453 to €426,185
- Gross operating margin -€93,709
down €93,709, from €9,151 to -€84,558
- Financial charges -€15,115
down €15,115 (-93.3%), from €16,195 to €1,080
- Taxes -€4,826
down €4,826 (-96.2%), from -€5,015 to -€9,841
- Financial income -€2,760
down €2,760 (-91.0%), from €3,031 to €271
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 | €520,085 | €639,567 | +€119,482 | +23.0% |
| Fixed assets | 21/28 | €150,457 | €443,907 | +€293,450 | +195% |
| Intangible fixed assets | 21 | €139,658 | €437,258 | +€297,600 | +213% |
| Tangible fixed assets | 22/27 | €10,659 | €6,509 | -€4,150 | -38.9% |
| Furniture and vehicles | 24 | €10,659 | €6,509 | -€4,150 | -38.9% |
| Financial fixed assets | 28 | €140 | €140 | = | 0.0% |
| Current assets | 29/58 | €369,627 | €195,660 | -€173,967 | -47.1% |
| Amounts receivable after more than one year | 29 | €30,861 | €36,669 | +€5,808 | +18.8% |
| Other amounts receivable | 291 | €30,861 | €36,669 | +€5,808 | +18.8% |
| Amounts receivable within one year | 40/41 | €102,348 | €18,296 | -€84,051 | -82.1% |
| Trade receivables | 40 | €343 | €6,080 | +€5,737 | +1,671% |
| Other amounts receivable | 41 | €102,004 | €12,216 | -€89,788 | -88.0% |
| Current investments | 50/53 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €180,579 | €139,441 | -€41,137 | -22.8% |
| Deferred charges and accrued income | 490/1 | €55,840 | €1,253 | -€54,587 | -97.8% |
| Total equity and liabilities | 10/49 | €520,085 | €639,567 | +€119,482 | +23.0% |
| Equity | 10/15 | €398,479 | €408,359 | +€9,880 | +2.5% |
| Contributions | 10/11 | €579,000 | €579,000 | = | 0.0% |
| Capital | 10 | €579,000 | €579,000 | = | 0.0% |
| Issued capital | 100 | €579,000 | €579,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€307,119 | -€440,131 | -€133,012 | -43.3% |
| Investment grants | 15 | €126,598 | €269,489 | +€142,892 | +113% |
| Amounts payable | 17/49 | €121,606 | €231,208 | +€109,602 | +90.1% |
| Amounts payable after more than one year | 17 | €83,214 | €165,000 | +€81,786 | +98.3% |
| Financial debts | 170/4 | - | €165,000 | +€165,000 | |
| Other amounts payable | 178/9 | €83,214 | €0 | -€83,214 | -100% |
| Amounts payable within one year | 42/48 | €38,392 | €66,208 | +€27,816 | +72.5% |
| Financial debts | 43 | €237 | €83 | -€154 | -64.8% |
| Credit institutions | 430/8 | €237 | €83 | -€154 | -64.8% |
| Trade debts | 44 | €30,913 | €58,526 | +€27,613 | +89.3% |
| Suppliers | 440/4 | €30,913 | €58,526 | +€27,613 | +89.3% |
| Taxes, remuneration and social security | 45 | €7,242 | €7,599 | +€357 | +4.9% |
| Taxes | 450/3 | €281 | €291 | +€10 | +3.7% |
| Remuneration and social security | 454/9 | €6,962 | €7,308 | +€346 | +5.0% |
| Other amounts payable | 47/48 | - | €0 | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €208,453 | €426,185 | +€217,732 | +104% |
| Remuneration, social security and pensions | 62 | €51,180 | €50,308 | -€872 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,235 | €6,509 | +€274 | +4.4% |
| Other operating charges | 640/8 | €631 | €669 | +€38 | +6.0% |
| Gross operating margin | 9900 | €9,151 | -€84,558 | -€93,709 | |
| Operating profit (loss) | 9901 | -€48,896 | -€142,044 | -€93,148 | -191% |
| Financial income | 75/76B | €3,031 | €271 | -€2,760 | -91.0% |
| Recurring financial income | 75 | €3,031 | €271 | -€2,760 | -91.0% |
| Financial charges | 65/66B | €16,195 | €1,080 | -€15,115 | -93.3% |
| Recurring financial charges | 65 | €16,195 | €1,080 | -€15,115 | -93.3% |
| Profit (loss) for the period before taxes | 9903 | -€62,059 | -€142,853 | -€80,793 | -130% |
| Income taxes | 67/77 | -€5,015 | -€9,841 | -€4,826 | -96.2% |
| Profit (loss) for the period | 9904 | -€57,044 | -€133,012 | -€75,967 | -133% |
| Profit (loss) for the period to be appropriated | 9905 | -€57,044 | -€133,012 | -€75,967 | -133% |
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.