ODTEC: 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.
ODTEC
Largest movements
- Tangible fixed assets -€19,507
down €19,507 (-30.9%), from €63,047 to €43,540
of which Plant, machinery and equipment: -€17,857
- Stocks and contracts -€14,506
down €14,506 (-23.0%), from €63,099 to €48,593
- Receivables within one year +€11,485
up €11,485 (+381%), from €3,017 to €14,502
of which Trade receivables: +€13,009
- Cash -€8,278
down €8,278 (-7.3%), from €113,507 to €105,229
mainly Debts after one year (-€45,178) and Investment in fixed assets (net) (-€18,112)
- Debts after one year -€45,178
down €45,178 (-78.1%), from €57,824 to €12,646
of which Other amounts payable: -€40,000
- Reserves +€33,236
up €33,236 (+718%), from €4,629 to €37,866
- Other debts -€13,635
down €13,635 (-65.0%), from €20,988 to €7,353
- Trade debts -€9,758
down €9,758 (-76.0%), from €12,833 to €3,075
- Tax, wage and social debts +€4,276
up €4,276 (+20.1%), from €21,264 to €25,540
- Gross operating margin +€49,606
up €49,606 (+105%), from €47,071 to €96,677
- Taxes +€18,175
up €18,175 (+854%), from €2,128 to €20,303
- Financial charges +€2,136
up €2,136 (+95.2%), from €2,243 to €4,379
of which Financial charges: +€2,136
- Depreciation +€1,639
up €1,639 (+4.6%), from €35,979 to €37,618
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 | €245,670 | €214,865 | -€30,806 | -12.5% |
| Fixed assets | 21/28 | €66,047 | €46,540 | -€19,507 | -29.5% |
| Tangible fixed assets | 22/27 | €63,047 | €43,540 | -€19,507 | -30.9% |
| Land and buildings | 22 | €1,188 | - | -€1,188 | |
| Plant, machinery and equipment | 23 | €61,397 | €43,540 | -€17,857 | -29.1% |
| Furniture and vehicles | 24 | €462 | - | -€462 | |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €179,624 | €168,325 | -€11,299 | -6.3% |
| Stocks and contracts in progress | 3 | €63,099 | €48,593 | -€14,506 | -23.0% |
| Stocks | 30/36 | €63,099 | €48,593 | -€14,506 | -23.0% |
| Amounts receivable within one year | 40/41 | €3,017 | €14,502 | +€11,485 | +381% |
| Trade receivables | 40 | €1,493 | €14,502 | +€13,009 | +872% |
| Other amounts receivable | 41 | €1,524 | - | -€1,524 | |
| Cash at bank and in hand | 54/58 | €113,507 | €105,229 | -€8,278 | -7.3% |
| Total equity and liabilities | 10/49 | €245,670 | €214,865 | -€30,806 | -12.5% |
| Equity | 10/15 | €127,836 | €161,072 | +€33,236 | +26.0% |
| Contributions | 10/11 | €2,860 | €2,860 | = | 0.0% |
| Capital | 10 | €2,860 | €2,860 | = | 0.0% |
| Issued capital | 100 | €2,860 | €2,860 | = | 0.0% |
| Reserves | 13 | €4,629 | €37,866 | +€33,236 | +718% |
| Distributable reserves | 133 | €4,629 | €37,866 | +€33,236 | +718% |
| Profit (loss) carried forward | 14 | €120,346 | €120,346 | = | 0.0% |
| Amounts payable | 17/49 | €117,835 | €53,793 | -€64,042 | -54.3% |
| Amounts payable after more than one year | 17 | €57,824 | €12,646 | -€45,178 | -78.1% |
| Financial debts | 170/4 | €17,824 | €12,646 | -€5,178 | -29.1% |
| Other amounts payable | 178/9 | €40,000 | - | -€40,000 | |
| Amounts payable within one year | 42/48 | €60,010 | €41,147 | -€18,863 | -31.4% |
| Current portion of amounts payable after more than one year | 42 | €4,925 | €5,178 | +€253 | +5.1% |
| Trade debts | 44 | €12,833 | €3,075 | -€9,758 | -76.0% |
| Suppliers | 440/4 | €12,833 | €3,075 | -€9,758 | -76.0% |
| Taxes, remuneration and social security | 45 | €21,264 | €25,540 | +€4,276 | +20.1% |
| Taxes | 450/3 | €21,264 | €25,540 | +€4,276 | +20.1% |
| Other amounts payable | 47/48 | €20,988 | €7,353 | -€13,635 | -65.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,979 | €37,618 | +€1,639 | +4.6% |
| Other operating charges | 640/8 | €2,307 | €2,182 | -€125 | -5.4% |
| Gross operating margin | 9900 | €47,071 | €96,677 | +€49,606 | +105% |
| Operating profit (loss) | 9901 | €8,785 | €56,877 | +€48,092 | +547% |
| Financial income | 75/76B | €217 | €1,042 | +€825 | +381% |
| Recurring financial income | 75 | €217 | €1,042 | +€825 | +381% |
| Financial charges | 65/66B | €2,243 | €4,379 | +€2,136 | +95.2% |
| Recurring financial charges | 65 | €2,243 | €4,379 | +€2,136 | +95.3% |
| Non-recurring financial charges | 66B | €1 | - | -€1 | |
| Profit (loss) for the period before taxes | 9903 | €6,758 | €53,539 | +€46,782 | +692% |
| Income taxes | 67/77 | €2,128 | €20,303 | +€18,175 | +854% |
| Profit (loss) for the period | 9904 | €4,629 | €33,236 | +€28,607 | +618% |
| Profit (loss) for the period to be appropriated | 9905 | €4,629 | €33,236 | +€28,607 | +618% |
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 30 October 2026 via checked.be.