ODOT: 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.
ODOT
Largest movements
- Current investments +€300,000
up €300,000, from €0 to €300,000
- Cash +€176,972
up €176,972 (+35.2%), from €503,246 to €680,219
mainly Depreciation (+€475,970) and Net result for the year (+€148,157)
- Receivables within one year -€124,465
down €124,465 (-20.8%), from €597,969 to €473,504
of which Trade receivables: -€123,485
- Intangible fixed assets -€105,323
down €105,323 (-13.3%), from €789,435 to €684,112
- Profit (loss) carried forward +€148,157
up €148,157 (+59.4%), from -€249,463 to -€101,306
- Current portion of long-term debt -€70,272
down €70,272 (-100%), from €70,272 to €0
- Accrued charges and deferred income +€65,876
up €65,876 (+60,459%), from €109 to €65,985
- Trade debts +€65,392
up €65,392 (+38.7%), from €168,946 to €234,338
- Tax, wage and social debts +€54,539
up €54,539 (+47.4%), from €115,049 to €169,589
of which Taxes: +€37,742
- Gross operating margin +€373,286
up €373,286 (+62.1%), from €601,301 to €974,587
- Staff costs +€21,876
up €21,876 (+6.7%), from €325,743 to €347,618
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 | €1,985,145 | €2,248,837 | +€263,692 | +13.3% |
| Fixed assets | 21/28 | €806,035 | €696,861 | -€109,174 | -13.5% |
| Intangible fixed assets | 21 | €789,435 | €684,112 | -€105,323 | -13.3% |
| Tangible fixed assets | 22/27 | €16,599 | €12,748 | -€3,851 | -23.2% |
| Plant, machinery and equipment | 23 | €13,561 | €10,704 | -€2,857 | -21.1% |
| Furniture and vehicles | 24 | €3,038 | €2,044 | -€994 | -32.7% |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €1,179,110 | €1,551,976 | +€372,866 | +31.6% |
| Amounts receivable within one year | 40/41 | €597,969 | €473,504 | -€124,465 | -20.8% |
| Trade receivables | 40 | €592,334 | €468,848 | -€123,485 | -20.8% |
| Other amounts receivable | 41 | €5,635 | €4,655 | -€980 | -17.4% |
| Current investments | 50/53 | €0 | €300,000 | +€300,000 | |
| Cash at bank and in hand | 54/58 | €503,246 | €680,219 | +€176,972 | +35.2% |
| Deferred charges and accrued income | 490/1 | €77,895 | €98,254 | +€20,359 | +26.1% |
| Total equity and liabilities | 10/49 | €1,985,145 | €2,248,837 | +€263,692 | +13.3% |
| Equity | 10/15 | €1,630,558 | €1,778,715 | +€148,157 | +9.1% |
| Contributions | 10/11 | €1,880,021 | €1,880,021 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€249,463 | -€101,306 | +€148,157 | +59.4% |
| Amounts payable | 17/49 | €354,587 | €470,122 | +€115,535 | +32.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €354,478 | €404,137 | +€49,659 | +14.0% |
| Current portion of amounts payable after more than one year | 42 | €70,272 | €0 | -€70,272 | -100% |
| Trade debts | 44 | €168,946 | €234,338 | +€65,392 | +38.7% |
| Suppliers | 440/4 | €168,946 | €234,338 | +€65,392 | +38.7% |
| Taxes, remuneration and social security | 45 | €115,049 | €169,589 | +€54,539 | +47.4% |
| Taxes | 450/3 | €78,819 | €116,562 | +€37,742 | +47.9% |
| Remuneration and social security | 454/9 | €36,230 | €53,027 | +€16,797 | +46.4% |
| Other amounts payable | 47/48 | €211 | €211 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €109 | €65,985 | +€65,876 | +60,459% |
| Remuneration, social security and pensions | 62 | €325,743 | €347,618 | +€21,876 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €470,487 | €475,970 | +€5,483 | +1.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,468 | €5,502 | +€35 | +0.6% |
| Other operating charges | 640/8 | €2,880 | €1,628 | -€1,252 | -43.5% |
| Gross operating margin | 9900 | €601,301 | €974,587 | +€373,286 | +62.1% |
| Operating profit (loss) | 9901 | -€203,276 | €143,868 | +€347,144 | |
| Financial income | 75/76B | €11,308 | €6,412 | -€4,897 | -43.3% |
| Recurring financial income | 75 | €11,308 | €6,412 | -€4,897 | -43.3% |
| Financial charges | 65/66B | €6,912 | €1,340 | -€5,572 | -80.6% |
| Recurring financial charges | 65 | €6,912 | €1,340 | -€5,572 | -80.6% |
| Profit (loss) for the period before taxes | 9903 | -€198,879 | €148,940 | +€347,819 | |
| Income taxes | 67/77 | €775 | €783 | +€7 | +0.9% |
| Profit (loss) for the period | 9904 | -€199,654 | €148,157 | +€347,812 | |
| Profit (loss) for the period to be appropriated | 9905 | -€199,654 | €148,157 | +€347,812 |
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 27 October 2026 via checked.be.