ODON: 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.
ODON
Largest movements
- Receivables within one year +€32,622
up €32,622 (+269.6%), from €12,100 to €44,722
of which Trade receivables: +€32,064
- Tangible fixed assets -€12,637
down €12,637 (-3.0%), from €419,900 to €407,263
- Deferred charges and accrued income -€8,241
down €8,241 (-32.1%), from €25,710 to €17,469
- Debts after one year -€252,930
down €252,930 (-64.6%), from €391,681 to €138,751
- Reserves +€234,670
up €234,670 (+854.0%), from €27,478 to €262,148
- Tax, wage and social debts +€25,273
up €25,273 (+226.1%), from €11,178 to €36,451
of which Taxes: +€22,869
- Financial income +€193,980
new in 2025: €193,980
- Gross operating margin +€40,831
up €40,831 (+56.7%), from €71,972 to €112,802
- Taxes +€21,155
up €21,155 (+816.7%), from €2,590 to €23,745
- Staff costs +€19,543
new in 2025: €19,543
- Financial charges -€3,285
down €3,285 (-19.2%), from €17,081 to €13,796
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 | €764,851 | €774,418 | +€9,567 | +1.3% |
| Fixed assets | 21/28 | €717,716 | €705,540 | -€12,175 | -1.7% |
| Tangible fixed assets | 22/27 | €419,900 | €407,263 | -€12,637 | -3.0% |
| Land and buildings | 22 | €419,900 | €407,263 | -€12,637 | -3.0% |
| Financial fixed assets | 28 | €297,815 | €298,277 | +€462 | +0.2% |
| Current assets | 29/58 | €47,136 | €68,878 | +€21,742 | +46.1% |
| Amounts receivable within one year | 40/41 | €12,100 | €44,722 | +€32,622 | +269.6% |
| Trade receivables | 40 | €12,100 | €44,164 | +€32,064 | +265.0% |
| Other amounts receivable | 41 | - | €559 | +€559 | |
| Cash at bank and in hand | 54/58 | €9,326 | €6,687 | -€2,639 | -28.3% |
| Deferred charges and accrued income | 490/1 | €25,710 | €17,469 | -€8,241 | -32.1% |
| Total equity and liabilities | 10/49 | €764,851 | €774,418 | +€9,567 | +1.3% |
| Equity | 10/15 | €327,478 | €562,148 | +€234,670 | +71.7% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €27,478 | €262,148 | +€234,670 | +854.0% |
| Distributable reserves | 133 | €27,478 | €262,148 | +€234,670 | +854.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €437,373 | €212,270 | -€225,103 | -51.5% |
| Amounts payable after more than one year | 17 | €391,681 | €138,751 | -€252,930 | -64.6% |
| Financial debts | 170/4 | €391,681 | €138,751 | -€252,930 | -64.6% |
| Amounts payable within one year | 42/48 | €37,563 | €62,137 | +€24,574 | +65.4% |
| Current portion of amounts payable after more than one year | 42 | €24,409 | €24,896 | +€487 | +2.0% |
| Trade debts | 44 | €1,764 | €790 | -€973 | -55.2% |
| Suppliers | 440/4 | €1,764 | €790 | -€973 | -55.2% |
| Taxes, remuneration and social security | 45 | €11,178 | €36,451 | +€25,273 | +226.1% |
| Taxes | 450/3 | €11,178 | €34,047 | +€22,869 | +204.6% |
| Remuneration and social security | 454/9 | - | €2,404 | +€2,404 | |
| Other amounts payable | 47/48 | €213 | €0 | -€213 | -100.0% |
| Accrued charges and deferred income | 492/3 | €8,128 | €11,382 | +€3,253 | +40.0% |
| Remuneration, social security and pensions | 62 | - | €19,543 | +€19,543 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,637 | €12,637 | = | 0.0% |
| Other operating charges | 640/8 | €2,515 | €2,391 | -€125 | -5.0% |
| Gross operating margin | 9900 | €71,972 | €112,802 | +€40,831 | +56.7% |
| Operating profit (loss) | 9901 | €56,819 | €78,231 | +€21,412 | +37.7% |
| Financial income | 75/76B | - | €193,980 | +€193,980 | |
| Recurring financial income | 75 | - | €193,980 | +€193,980 | |
| Financial charges | 65/66B | €17,081 | €13,796 | -€3,285 | -19.2% |
| Recurring financial charges | 65 | €17,081 | €13,796 | -€3,285 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €39,738 | €258,415 | +€218,677 | +550.3% |
| Income taxes | 67/77 | €2,590 | €23,745 | +€21,155 | +816.7% |
| Profit (loss) for the period | 9904 | €37,148 | €234,670 | +€197,522 | +531.7% |
| Profit (loss) for the period to be appropriated | 9905 | €37,148 | €234,670 | +€197,522 | +531.7% |
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 28 September 2026 via checked.be.