Odon & Associates: 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.
Odon & Associates
Largest movements
- Cash -€26,763
down €26,763 (-60.3%), from €44,351 to €17,588
mainly Contributions, distributions and other (-€35,000) and Other debts (-€17,981)
- Receivables within one year +€13,470
up €13,470 (+94.3%), from €14,289 to €27,759
of which Other amounts receivable: +€9,110
- Stocks and contracts -€11,322
down €11,322 (-32.6%), from €34,697 to €23,375
- Current investments +€5,441
new in 2025: €5,441
- Tangible fixed assets -€2,194
down €2,194 (-21.0%), from €10,437 to €8,243
of which Plant, machinery and equipment: -€2,238
- Other debts -€17,981
down €17,981 (-33.9%), from €52,981 to €35,000
- Tax, wage and social debts -€14,564
down €14,564 (-52.4%), from €27,808 to €13,244
- Profit (loss) carried forward +€13,069
new in 2025: €13,069
- Trade debts -€2,015
down €2,015 (-66.8%), from €3,019 to €1,004
- Depreciation +€1,191
up €1,191 (+31.6%), from €3,766 to €4,957
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 | €104,268 | €82,852 | -€21,416 | -20.5% |
| Fixed assets | 21/28 | €10,437 | €8,243 | -€2,194 | -21.0% |
| Tangible fixed assets | 22/27 | €10,437 | €8,243 | -€2,194 | -21.0% |
| Plant, machinery and equipment | 23 | €9,036 | €6,798 | -€2,238 | -24.8% |
| Furniture and vehicles | 24 | €479 | €755 | +€276 | +57.5% |
| Other tangible fixed assets | 26 | €922 | €691 | -€231 | -25.1% |
| Current assets | 29/58 | €93,831 | €74,609 | -€19,222 | -20.5% |
| Stocks and contracts in progress | 3 | €34,697 | €23,375 | -€11,322 | -32.6% |
| Stocks | 30/36 | €34,697 | €23,375 | -€11,322 | -32.6% |
| Amounts receivable within one year | 40/41 | €14,289 | €27,759 | +€13,470 | +94.3% |
| Trade receivables | 40 | €14,289 | €18,648 | +€4,359 | +30.5% |
| Other amounts receivable | 41 | - | €9,110 | +€9,110 | |
| Current investments | 50/53 | - | €5,441 | +€5,441 | |
| Cash at bank and in hand | 54/58 | €44,351 | €17,588 | -€26,763 | -60.3% |
| Deferred charges and accrued income | 490/1 | €494 | €446 | -€48 | -9.7% |
| Total equity and liabilities | 10/49 | €104,268 | €82,852 | -€21,416 | -20.5% |
| Equity | 10/15 | €20,460 | €33,529 | +€13,069 | +63.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €13,069 | +€13,069 | |
| Amounts payable | 17/49 | €83,808 | €49,323 | -€34,485 | -41.1% |
| Amounts payable within one year | 42/48 | €83,808 | €49,323 | -€34,485 | -41.1% |
| Financial debts | 43 | - | €75 | +€75 | |
| Credit institutions | 430/8 | - | €75 | +€75 | |
| Trade debts | 44 | €3,019 | €1,004 | -€2,015 | -66.8% |
| Suppliers | 440/4 | €3,019 | €1,004 | -€2,015 | -66.8% |
| Taxes, remuneration and social security | 45 | €27,808 | €13,244 | -€14,564 | -52.4% |
| Taxes | 450/3 | €27,808 | €13,244 | -€14,564 | -52.4% |
| Other amounts payable | 47/48 | €52,981 | €35,000 | -€17,981 | -33.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,766 | €4,957 | +€1,191 | +31.6% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €65,944 | €65,596 | -€348 | -0.5% |
| Operating profit (loss) | 9901 | €61,791 | €60,240 | -€1,552 | -2.5% |
| Financial income | 75/76B | €77 | €644 | +€567 | +736% |
| Recurring financial income | 75 | €77 | €644 | +€567 | +736% |
| Financial charges | 65/66B | €110 | €72 | -€38 | -34.7% |
| Recurring financial charges | 65 | €110 | €72 | -€38 | -34.7% |
| Profit (loss) for the period before taxes | 9903 | €61,759 | €60,812 | -€947 | -1.5% |
| Income taxes | 67/77 | €12,688 | €12,743 | +€56 | +0.4% |
| Profit (loss) for the period | 9904 | €49,071 | €48,069 | -€1,002 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €49,071 | €48,069 | -€1,002 | -2.0% |
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 17 October 2026 via checked.be.