ODUM: 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.
ODUM
Largest movements
- Tangible fixed assets -€12,080
down €12,080 (-89.8%), from €13,458 to €1,378
- Receivables within one year -€9,009
down €9,009 (-60.0%), from €15,016 to €6,007
of which Trade receivables: -€9,195
- Cash -€2,744
down €2,744 (-11.3%), from €24,302 to €21,558
mainly Other debts (-€18,361) and Current portion of long-term debt (-€8,559)
- Other debts -€18,361
down €18,361 (-64.8%), from €28,339 to €9,978
- Current portion of long-term debt -€8,559
no longer reported in 2025 (was €8,559)
- Profit (loss) carried forward +€3,220
up €3,220 (+17.2%), from -€18,758 to -€15,538
- Tax, wage and social debts +€2,756
up €2,756 (+21.7%), from €12,723 to €15,480
- Trade debts -€2,714
down €2,714 (-12.3%), from €22,009 to €19,295
- Gross operating margin -€10,251
down €10,251 (-37.2%), from €27,532 to €17,282
- Taxes +€1,616
up €1,616 (+695.0%), from €233 to €1,849
- Other operating charges -€360
down €360 (-78.0%), from €461 to €102
- Financial charges -€343
down €343 (-86.9%), from €395 to €52
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 | €55,372 | €31,715 | -€23,657 | -42.7% |
| Fixed assets | 21/28 | €13,458 | €1,378 | -€12,080 | -89.8% |
| Tangible fixed assets | 22/27 | €13,458 | €1,378 | -€12,080 | -89.8% |
| Furniture and vehicles | 24 | €13,458 | €1,378 | -€12,080 | -89.8% |
| Current assets | 29/58 | €41,914 | €30,336 | -€11,577 | -27.6% |
| Amounts receivable within one year | 40/41 | €15,016 | €6,007 | -€9,009 | -60.0% |
| Trade receivables | 40 | €15,016 | €5,820 | -€9,195 | -61.2% |
| Other amounts receivable | 41 | - | €187 | +€187 | |
| Cash at bank and in hand | 54/58 | €24,302 | €21,558 | -€2,744 | -11.3% |
| Deferred charges and accrued income | 490/1 | €2,596 | €2,772 | +€176 | +6.8% |
| Total equity and liabilities | 10/49 | €55,372 | €31,715 | -€23,657 | -42.7% |
| Equity | 10/15 | -€16,258 | -€13,038 | +€3,220 | +19.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,758 | -€15,538 | +€3,220 | +17.2% |
| Amounts payable | 17/49 | €71,630 | €44,753 | -€26,878 | -37.5% |
| Amounts payable within one year | 42/48 | €71,630 | €44,753 | -€26,878 | -37.5% |
| Current portion of amounts payable after more than one year | 42 | €8,559 | - | -€8,559 | |
| Trade debts | 44 | €22,009 | €19,295 | -€2,714 | -12.3% |
| Suppliers | 440/4 | €22,009 | €19,295 | -€2,714 | -12.3% |
| Taxes, remuneration and social security | 45 | €12,723 | €15,480 | +€2,756 | +21.7% |
| Taxes | 450/3 | €12,723 | €15,480 | +€2,756 | +21.7% |
| Other amounts payable | 47/48 | €28,339 | €9,978 | -€18,361 | -64.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,837 | €12,080 | +€243 | +2.1% |
| Other operating charges | 640/8 | €461 | €102 | -€360 | -78.0% |
| Non-recurring operating charges | 66A | €7,161 | - | -€7,161 | |
| Gross operating margin | 9900 | €27,532 | €17,282 | -€10,251 | -37.2% |
| Operating profit (loss) | 9901 | €8,072 | €5,100 | -€2,972 | -36.8% |
| Financial income | 75/76B | - | €21 | +€21 | |
| Recurring financial income | 75 | - | €21 | +€21 | |
| Financial charges | 65/66B | €395 | €52 | -€343 | -86.9% |
| Recurring financial charges | 65 | €395 | €52 | -€343 | -86.9% |
| Profit (loss) for the period before taxes | 9903 | €7,677 | €5,069 | -€2,608 | -34.0% |
| Income taxes | 67/77 | €233 | €1,849 | +€1,616 | +695.0% |
| Profit (loss) for the period | 9904 | €7,444 | €3,220 | -€4,224 | -56.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,444 | €3,220 | -€4,224 | -56.7% |
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 5 October 2026 via checked.be.