ODORO: 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.
ODORO
Largest movements
- Cash +€43,520
up €43,520 (+75.1%), from €57,960 to €101,480
mainly Net result for the year (+€42,271) and Other debts (+€35,774)
- Tangible fixed assets +€35,765
up €35,765 (+9.9%), from €362,112 to €397,877
of which Furniture and vehicles: +€48,678
- Deferred charges and accrued income -€13,217
down €13,217 (-59.2%), from €22,314 to €9,097
- Other debts +€35,774
up €35,774 (+87.6%), from €40,824 to €76,598
- Tax, wage and social debts +€20,649
up €20,649 (+328.9%), from €6,277 to €26,927
of which Taxes: +€20,304
- Reserves -€15,778
down €15,778 (-9.4%), from €167,967 to €152,188
- Current portion of long-term debt +€11,822
up €11,822 (+49.5%), from €23,864 to €35,686
- Debts after one year +€10,932
up €10,932 (+4.5%), from €243,752 to €254,683
- Gross operating margin +€48,345
up €48,345 (+46.8%), from €103,201 to €151,546
- Taxes +€9,528
up €9,528 (+212.7%), from €4,479 to €14,007
- Depreciation +€9,359
up €9,359 (+39.2%), from €23,846 to €33,206
- Staff costs -€1,721
down €1,721 (-3.4%), from €50,923 to €49,202
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 | €528,130 | €589,888 | +€61,758 | +11.7% |
| Fixed assets | 21/28 | €362,112 | €397,877 | +€35,765 | +9.9% |
| Tangible fixed assets | 22/27 | €362,112 | €397,877 | +€35,765 | +9.9% |
| Land and buildings | 22 | €314,870 | €305,037 | -€9,833 | -3.1% |
| Plant, machinery and equipment | 23 | €22,037 | €18,956 | -€3,080 | -14.0% |
| Furniture and vehicles | 24 | €25,205 | €73,883 | +€48,678 | +193.1% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €166,018 | €192,011 | +€25,993 | +15.7% |
| Amounts receivable within one year | 40/41 | €85,744 | €81,434 | -€4,310 | -5.0% |
| Trade receivables | 40 | €74,466 | €80,096 | +€5,630 | +7.6% |
| Other amounts receivable | 41 | €11,279 | €1,338 | -€9,940 | -88.1% |
| Cash at bank and in hand | 54/58 | €57,960 | €101,480 | +€43,520 | +75.1% |
| Deferred charges and accrued income | 490/1 | €22,314 | €9,097 | -€13,217 | -59.2% |
| Total equity and liabilities | 10/49 | €528,130 | €589,888 | +€61,758 | +11.7% |
| Equity | 10/15 | €187,967 | €172,188 | -€15,778 | -8.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €167,967 | €152,188 | -€15,778 | -9.4% |
| Distributable reserves | 133 | €167,967 | €152,188 | -€15,778 | -9.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €340,164 | €417,700 | +€77,536 | +22.8% |
| Amounts payable after more than one year | 17 | €243,752 | €254,683 | +€10,932 | +4.5% |
| Financial debts | 170/4 | €243,752 | €254,683 | +€10,932 | +4.5% |
| Amounts payable within one year | 42/48 | €96,412 | €163,016 | +€66,604 | +69.1% |
| Current portion of amounts payable after more than one year | 42 | €23,864 | €35,686 | +€11,822 | +49.5% |
| Financial debts | 43 | €613 | €237 | -€376 | -61.3% |
| Credit institutions | 430/8 | €613 | €237 | -€376 | -61.3% |
| Trade debts | 44 | €24,834 | €23,568 | -€1,266 | -5.1% |
| Suppliers | 440/4 | €24,834 | €23,568 | -€1,266 | -5.1% |
| Taxes, remuneration and social security | 45 | €6,277 | €26,927 | +€20,649 | +328.9% |
| Taxes | 450/3 | €0 | €20,304 | +€20,304 | |
| Remuneration and social security | 454/9 | €6,277 | €6,623 | +€345 | +5.5% |
| Other amounts payable | 47/48 | €40,824 | €76,598 | +€35,774 | +87.6% |
| Remuneration, social security and pensions | 62 | €50,923 | €49,202 | -€1,721 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,846 | €33,206 | +€9,359 | +39.2% |
| Other operating charges | 640/8 | €1,809 | €1,439 | -€370 | -20.4% |
| Gross operating margin | 9900 | €103,201 | €151,546 | +€48,345 | +46.8% |
| Operating profit (loss) | 9901 | €26,623 | €67,700 | +€41,076 | +154.3% |
| Financial income | 75/76B | €8 | €13 | +€4 | +49.4% |
| Recurring financial income | 75 | €8 | €13 | +€4 | +49.4% |
| Financial charges | 65/66B | €10,986 | €11,434 | +€448 | +4.1% |
| Recurring financial charges | 65 | €10,986 | €11,434 | +€448 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | €15,646 | €56,278 | +€40,632 | +259.7% |
| Income taxes | 67/77 | €4,479 | €14,007 | +€9,528 | +212.7% |
| Profit (loss) for the period | 9904 | €11,166 | €42,271 | +€31,104 | +278.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,166 | €42,271 | +€31,104 | +278.6% |
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 11 October 2026 via checked.be.