ODOO: 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.
What changed
ODOO
NACE 58.290, Other software publishing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€14.9m
2024 · -€2.6m-€12.3m
Equity
€12.8m
2024 · €27.7m-€14.9m
Cash
€55.2m
2024 · €43.0m+€12.2m
Balance sheet total
€225.1m
2024 · €203.5m+€21.6m
Largest movements
Assets
- Cash +€12.2m
up €12.2m (+28.3%), from €43.0m to €55.2m
mainly Depreciation (+€25.3m) and Trade debts (+€24.9m)
- Intangible fixed assets +€6.4m
up €6.4m (+20.2%), from €31.5m to €37.9m
- Current investments -€5.7m
down €5.7m (-69.1%), from €8.3m to €2.6m
- Receivables within one year +€4.5m
up €4.5m (+9.2%), from €49.3m to €53.8m
of which Trade receivables: +€7.8m
- Financial fixed assets +€3.4m
up €3.4m (+7.9%), from €42.7m to €46.1m
of which Affiliated companies: +€3.4m
Equity and liabilities
- Trade debts +€24.9m
up €24.9m (+119.6%), from €20.8m to €45.7m
- Profit (loss) carried forward -€14.9m
down €14.9m (-82.0%), from €18.2m to €3.3m
- Accrued charges and deferred income +€8.6m
up €8.6m (+10.3%), from €83.2m to €91.8m
- Other debts +€4.3m
up €4.3m (+9.2%), from €47.0m to €51.3m
Income statement
- Other operating income +€57.2m
up €57.2m (+1138.7%), from €5.0m to €62.2m
- Other operating charges +€56.3m
up €56.3m (+2416.4%), from €2.3m to €58.6m
- Goods and materials +€28.9m
up €28.9m (+75.0%), from €38.5m to €67.3m
- Services and other goods -€19.6m
down €19.6m (-26.0%), from €75.6m to €56.0m
- Staff costs +€11.8m
up €11.8m (+12.9%), from €91.5m to €103.3m
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.
Result 2024
-€2.6m
Turnover
+€10.4m
Other operating income
+€57.2m
Goods and materials
-€28.9m
Services and other goods
+€19.6m
Staff costs
-€11.8m
Depreciation
-€5.8m
Write-downs
-€290,513
Provisions
+€1.0m
Other operating charges
-€56.3m
Other operating items
+€3.7m
Financial income
+€4.8m
Financial charges
-€6.4m
Taxes
+€577,634
Result 2025
-€14.9m
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.
From operations
+€43.0m
Investment
-€30.3m
Financing
-€519,741
Cash 2024
€43.0m
From operations (derived)
+€43.0m
Net result for the year
-€14.9m
Depreciation
+€25.3m
Receivables within one year
-€4.5m
Deferred charges and accrued income
+€152,257
Provisions
-€2.0m
Trade debts
+€24.9m
Tax, wage and social debts
+€645,354
Advances received
+€572,350
Other debts
+€4.3m
Accrued charges and deferred income
+€8.6m
Investment (derived)
-€30.3m
Investment in fixed assets (net)
-€36.1m
Current investments
+€5.7m
Financing
-€519,741
Debts after one year
-€4,799
Current portion of long-term debt
-€514,942
Cash 2025
€55.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €203,512,298 | €225,116,389 | +€21.6m | +10.6% |
| Fixed assets | 21/28 | €87,189,329 | €97,949,917 | +€10.8m | +12.3% |
| Intangible fixed assets | 21 | €31,549,903 | €37,914,898 | +€6.4m | +20.2% |
| Tangible fixed assets | 22/27 | €12,959,667 | €13,981,038 | +€1.0m | +7.9% |
| Land and buildings | 22 | €1,060,094 | €1,467,441 | +€407,346 | +38.4% |
| Plant, machinery and equipment | 23 | €12,941 | €96,286 | +€83,345 | +644.0% |
| Furniture and vehicles | 24 | €11,826,301 | €12,400,959 | +€574,658 | +4.9% |
| Other tangible fixed assets | 26 | €17,687 | €6,141 | -€11,546 | -65.3% |
| Assets under construction and advance payments | 27 | €42,643 | €10,211 | -€32,431 | -76.1% |
| Financial fixed assets | 28 | €42,679,759 | €46,053,980 | +€3.4m | +7.9% |
| Affiliated companies | 280/1 | €42,557,654 | €45,931,875 | +€3.4m | +7.9% |
| Participating interests | 280 | €34,736,522 | €45,670,098 | +€10.9m | +31.5% |
| Amounts receivable | 281 | €7,821,132 | €261,778 | -€7.6m | -96.7% |
| Companies linked by participating interests | 282/3 | €0 | €0 | = | |
| Participating interests | 282 | €0 | €0 | = | |
| Other financial fixed assets | 284/8 | €122,105 | €122,105 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €122,105 | €122,105 | = | 0.0% |
| Current assets | 29/58 | €116,322,969 | €127,166,472 | +€10.8m | +9.3% |
| Amounts receivable within one year | 40/41 | €49,290,509 | €53,823,580 | +€4.5m | +9.2% |
| Trade receivables | 40 | €43,532,043 | €51,328,290 | +€7.8m | +17.9% |
| Other amounts receivable | 41 | €5,758,466 | €2,495,290 | -€3.3m | -56.7% |
| Current investments | 50/53 | €8,261,590 | €2,551,348 | -€5.7m | -69.1% |
| Other investments | 51/53 | €8,261,590 | €2,551,348 | -€5.7m | -69.1% |
| Cash at bank and in hand | 54/58 | €42,984,870 | €55,157,802 | +€12.2m | +28.3% |
| Deferred charges and accrued income | 490/1 | €15,786,000 | €15,633,742 | -€152,257 | -1.0% |
| Total equity and liabilities | 10/49 | €203,512,298 | €225,116,389 | +€21.6m | +10.6% |
| Equity | 10/15 | €27,671,532 | €12,754,242 | -€14.9m | -53.9% |
| Contributions | 10/11 | €2,672,772 | €2,672,772 | = | 0.0% |
| Capital | 10 | €1,364,526 | €1,364,526 | = | 0.0% |
| Issued capital | 100 | €1,364,526 | €1,364,526 | = | 0.0% |
| Outside capital | 11 | €1,308,246 | €1,308,246 | = | 0.0% |
| Share premium | 1100/10 | €1,308,246 | €1,308,246 | = | 0.0% |
| Reserves | 13 | €6,806,053 | €6,806,053 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,796,053 | €6,796,053 | = | 0.0% |
| Legal reserve | 130 | €136,453 | €136,453 | = | 0.0% |
| Own shares acquired | 1312 | €6,659,600 | €6,659,600 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,192,708 | €3,275,417 | -€14.9m | -82.0% |
| Provisions and deferred taxes | 16 | €2,000,000 | - | -€2.0m | |
| Provisions for liabilities and charges | 160/5 | €2,000,000 | - | -€2.0m | |
| Other liabilities and charges | 164/5 | €2,000,000 | - | -€2.0m | |
| Amounts payable | 17/49 | €173,840,765 | €212,362,148 | +€38.5m | +22.2% |
| Amounts payable after more than one year | 17 | €4,799 | - | -€4,799 | |
| Financial debts | 170/4 | €4,799 | - | -€4,799 | |
| Credit institutions | 173 | €4,799 | - | -€4,799 | |
| Amounts payable within one year | 42/48 | €90,618,667 | €120,544,390 | +€29.9m | +33.0% |
| Current portion of amounts payable after more than one year | 42 | €519,741 | €4,799 | -€514,942 | -99.1% |
| Trade debts | 44 | €20,813,821 | €45,701,437 | +€24.9m | +119.6% |
| Suppliers | 440/4 | €20,813,821 | €45,701,437 | +€24.9m | +119.6% |
| Advances received on contracts in progress | 46 | €240,803 | €813,153 | +€572,350 | +237.7% |
| Taxes, remuneration and social security | 45 | €22,088,325 | €22,733,679 | +€645,354 | +2.9% |
| Taxes | 450/3 | €7,047,931 | €5,440,269 | -€1.6m | -22.8% |
| Remuneration and social security | 454/9 | €15,040,394 | €17,293,410 | +€2.3m | +15.0% |
| Other amounts payable | 47/48 | €46,955,976 | €51,291,321 | +€4.3m | +9.2% |
| Accrued charges and deferred income | 492/3 | €83,217,299 | €91,817,758 | +€8.6m | +10.3% |
| Operating income | 70/76A | €225,353,586 | €296,600,304 | +€71.2m | +31.6% |
| Turnover | 70 | €196,461,358 | €206,812,039 | +€10.4m | +5.3% |
| Own construction capitalised | 72 | €23,872,535 | €27,231,612 | +€3.4m | +14.1% |
| Other operating income | 74 | €5,019,693 | €62,180,303 | +€57.2m | +1138.7% |
| Non-recurring operating income | 76A | - | €376,349 | +€376,349 | |
| Operating charges | 60/66A | €228,129,878 | €310,649,915 | +€82.5m | +36.2% |
| Goods for resale, raw materials and consumables | 60 | €38,477,666 | €67,348,973 | +€28.9m | +75.0% |
| Purchases | 600/8 | €38,477,666 | €67,348,973 | +€28.9m | +75.0% |
| Services and other goods | 61 | €75,616,171 | €55,978,889 | -€19.6m | -26.0% |
| Remuneration, social security and pensions | 62 | €91,516,408 | €103,327,213 | +€11.8m | +12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,479,357 | €25,298,877 | +€5.8m | +29.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€290,513 | - | +€290,513 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €1,000,000 | - | -€1.0m | |
| Other operating charges | 640/8 | €2,329,288 | €58,613,354 | +€56.3m | +2416.4% |
| Non-recurring operating charges | 66A | €1,500 | €82,610 | +€81,110 | +5407.3% |
| Operating profit (loss) | 9901 | -€2,776,291 | -€14,049,611 | -€11.3m | -406.1% |
| Financial income | 75/76B | €4,395,669 | €9,214,921 | +€4.8m | +109.6% |
| Recurring financial income | 75 | €4,395,669 | €9,214,921 | +€4.8m | +109.6% |
| Income from financial fixed assets | 750 | €1,233 | €79,182 | +€77,948 | +6320.2% |
| Income from current assets | 751 | €1,665,479 | €1,490,710 | -€174,769 | -10.5% |
| Other financial income | 752/9 | €2,728,957 | €7,645,029 | +€4.9m | +180.1% |
| Financial charges | 65/66B | €4,517,933 | €10,930,115 | +€6.4m | +141.9% |
| Recurring financial charges | 65 | €4,512,909 | €10,930,115 | +€6.4m | +142.2% |
| Debt charges | 650 | €1,046,309 | €1,945,264 | +€898,955 | +85.9% |
| Other financial charges | 652/9 | €3,466,600 | €8,984,851 | +€5.5m | +159.2% |
| Non-recurring financial charges | 66B | €5,024 | - | -€5,024 | |
| Profit (loss) for the period before taxes | 9903 | -€2,898,555 | -€15,764,806 | -€12.9m | -443.9% |
| Income taxes | 67/77 | -€269,881 | -€847,515 | -€577,634 | -214.0% |
| Taxes | 670/3 | €33,757 | €255,238 | +€221,480 | +656.1% |
| Tax adjustments and reversals of tax provisions | 77 | €303,638 | €1,102,753 | +€799,114 | +263.2% |
| Profit (loss) for the period | 9904 | -€2,628,674 | -€14,917,291 | -€12.3m | -467.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,628,674 | -€14,917,291 | -€12.3m | -467.5% |
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 6 October 2026 via checked.be.