odoo farms: what changed
What changed
odoo farms
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
-€462,137
2024 · -€495,373+€33,236
Equity
€20.6m
2024 · €12.4m+€8.2m
Cash
€246,845
2024 · €311,466-€64,621
Balance sheet total
€29.7m
2024 · €28.4m+€1.3m
Largest movements
Assets
- Tangible fixed assets +€1.4m
up €1.4m (+4.9%), from €28.0m to €29.3m
of which Assets under construction and advance payments: +€1.6m
Equity and liabilities
- Contributions +€8.7m
up €8.7m (+63.8%), from €13.6m to €22.3m
- Other debts -€5.9m
down €5.9m (-95.9%), from €6.2m to €255,087
- Debts after one year -€818,909
down €818,909 (-9.4%), from €8.7m to €7.9m
- Profit (loss) carried forward -€462,137
down €462,137 (-37.9%), from -€1.2m to -€1.7m
Income statement
- Gross operating margin +€164,123
up €164,123 (+11.2%), from €1.5m to €1.6m
- Depreciation +€139,917
up €139,917 (+7.9%), from €1.8m to €1.9m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€495,373
Gross operating margin
+€164,123
Depreciation
-€139,917
Other operating charges
-€5,937
Other operating items
+€50
Financial income
+€130
Financial charges
+€14,787
Result 2025
-€462,137
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€4.5m
Investment
-€3.3m
Financing
+€7.7m
Cash 2024
€311,466
From operations (derived)
-€4.5m
Net result for the year
-€462,137
Depreciation
+€1.9m
Smaller working-capital items
-€10,927
Other debts
-€5.9m
Investment (derived)
-€3.3m
Investment in fixed assets (net)
-€3.3m
Financing
+€7.7m
Debts after one year
-€818,909
Current portion of long-term debt
-€154,733
Contributions, distributions and other
+€8.7m
Cash 2025
€246,845
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €28,410,405 | €29,727,133 | +€1.3m | +4.6% |
| Fixed assets | 21/28 | €28,093,939 | €29,463,297 | +€1.4m | +4.9% |
| Tangible fixed assets | 22/27 | €27,970,095 | €29,339,453 | +€1.4m | +4.9% |
| Land and buildings | 22 | €21,485,194 | €21,320,790 | -€164,404 | -0.8% |
| Furniture and vehicles | 24 | €287,591 | €256,781 | -€30,809 | -10.7% |
| Leasing and similar rights | 25 | €5,829,796 | €5,767,110 | -€62,686 | -1.1% |
| Assets under construction and advance payments | 27 | €367,514 | €1,994,772 | +€1.6m | +443% |
| Financial fixed assets | 28 | €123,844 | €123,844 | = | 0.0% |
| Current assets | 29/58 | €316,466 | €263,836 | -€52,631 | -16.6% |
| Amounts receivable within one year | 40/41 | €5,000 | €12,709 | +€7,709 | +154% |
| Trade receivables | 40 | €5,000 | €10,493 | +€5,493 | +110% |
| Other amounts receivable | 41 | - | €2,216 | +€2,216 | |
| Cash at bank and in hand | 54/58 | €311,466 | €246,845 | -€64,621 | -20.7% |
| Deferred charges and accrued income | 490/1 | - | €4,281 | +€4,281 | |
| Total equity and liabilities | 10/49 | €28,410,405 | €29,727,133 | +€1.3m | +4.6% |
| Equity | 10/15 | €12,378,780 | €20,585,643 | +€8.2m | +66.3% |
| Contributions | 10/11 | €13,597,972 | €22,266,972 | +€8.7m | +63.8% |
| Profit (loss) carried forward | 14 | -€1,219,192 | -€1,681,329 | -€462,137 | -37.9% |
| Amounts payable | 17/49 | €16,031,625 | €9,141,489 | -€6.9m | -43.0% |
| Amounts payable after more than one year | 17 | €8,733,758 | €7,914,849 | -€818,909 | -9.4% |
| Financial debts | 170/4 | €8,733,758 | €7,914,849 | -€818,909 | -9.4% |
| Amounts payable within one year | 42/48 | €7,297,866 | €1,226,640 | -€6.1m | -83.2% |
| Current portion of amounts payable after more than one year | 42 | €952,421 | €797,688 | -€154,733 | -16.2% |
| Trade debts | 44 | €172,802 | €173,547 | +€745 | +0.4% |
| Suppliers | 440/4 | €172,802 | €173,547 | +€745 | +0.4% |
| Taxes, remuneration and social security | 45 | - | €318 | +€318 | |
| Taxes | 450/3 | - | €318 | +€318 | |
| Other amounts payable | 47/48 | €6,172,643 | €255,087 | -€5.9m | -95.9% |
| Non-recurring operating income | 76A | €213,763 | €177,271 | -€36,491 | -17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,774,470 | €1,914,387 | +€139,917 | +7.9% |
| Other operating charges | 640/8 | €116,108 | €122,045 | +€5,937 | +5.1% |
| Non-recurring operating charges | 66A | €50 | - | -€50 | |
| Gross operating margin | 9900 | €1,462,124 | €1,626,247 | +€164,123 | +11.2% |
| Operating profit (loss) | 9901 | -€428,504 | -€410,185 | +€18,319 | +4.3% |
| Financial income | 75/76B | - | €130 | +€130 | |
| Recurring financial income | 75 | - | €130 | +€130 | |
| Financial charges | 65/66B | €66,869 | €52,082 | -€14,787 | -22.1% |
| Recurring financial charges | 65 | €66,869 | €52,082 | -€14,787 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | -€495,373 | -€462,137 | +€33,236 | +6.7% |
| Profit (loss) for the period | 9904 | -€495,373 | -€462,137 | +€33,236 | +6.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€495,373 | -€462,137 | +€33,236 | +6.7% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.