Odyrgo: 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.
Odyrgo
Largest movements
- Receivables within one year +€41,438
up €41,438 (+125.9%), from €32,925 to €74,363
of which Trade receivables: +€41,438
- Tangible fixed assets -€40,600
down €40,600 (-2.6%), from €1.5m to €1.5m
- Debts after one year -€55,077
down €55,077 (-3.6%), from €1.5m to €1.5m
of which Financial debts: -€55,077
- Reserves +€25,556
new in 2025: €25,556
- Taxes +€6,389
new in 2025: €6,389
- Gross operating margin +€4,053
up €4,053 (+3.0%), from €133,600 to €137,652
- Financial charges -€2,125
down €2,125 (-4.0%), from €53,566 to €51,441
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 | €1,616,560 | €1,609,364 | -€7,196 | -0.4% |
| Fixed assets | 21/28 | €1,546,354 | €1,505,754 | -€40,600 | -2.6% |
| Tangible fixed assets | 22/27 | €1,546,354 | €1,505,754 | -€40,600 | -2.6% |
| Land and buildings | 22 | €1,546,354 | €1,505,754 | -€40,600 | -2.6% |
| Current assets | 29/58 | €70,206 | €103,610 | +€33,404 | +47.6% |
| Amounts receivable within one year | 40/41 | €32,925 | €74,363 | +€41,438 | +125.9% |
| Trade receivables | 40 | €32,925 | €74,363 | +€41,438 | +125.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €36,320 | €26,573 | -€9,746 | -26.8% |
| Deferred charges and accrued income | 490/1 | €961 | €2,673 | +€1,712 | +178.1% |
| Total equity and liabilities | 10/49 | €1,616,560 | €1,609,364 | -€7,196 | -0.4% |
| Equity | 10/15 | €6,279 | €40,556 | +€34,277 | +545.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | - | €25,556 | +€25,556 | |
| Distributable reserves | 133 | - | €25,556 | +€25,556 | |
| Profit (loss) carried forward | 14 | -€8,721 | €0 | +€8,721 | |
| Amounts payable | 17/49 | €1,610,281 | €1,568,808 | -€41,473 | -2.6% |
| Amounts payable after more than one year | 17 | €1,549,483 | €1,494,407 | -€55,077 | -3.6% |
| Financial debts | 170/4 | €1,297,100 | €1,242,024 | -€55,077 | -4.2% |
| Other amounts payable | 178/9 | €252,383 | €252,383 | = | 0.0% |
| Amounts payable within one year | 42/48 | €60,798 | €74,401 | +€13,603 | +22.4% |
| Current portion of amounts payable after more than one year | 42 | €52,993 | €55,077 | +€2,084 | +3.9% |
| Trade debts | 44 | €910 | €4,734 | +€3,824 | +420.1% |
| Suppliers | 440/4 | €910 | €4,734 | +€3,824 | +420.1% |
| Taxes, remuneration and social security | 45 | €6,894 | €13,429 | +€6,534 | +94.8% |
| Taxes | 450/3 | €6,894 | €13,429 | +€6,534 | +94.8% |
| Other amounts payable | 47/48 | - | €1,162 | +€1,162 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,600 | €40,600 | = | 0.0% |
| Other operating charges | 640/8 | €6,839 | €7,263 | +€424 | +6.2% |
| Gross operating margin | 9900 | €133,600 | €137,652 | +€4,053 | +3.0% |
| Operating profit (loss) | 9901 | €86,161 | €89,789 | +€3,629 | +4.2% |
| Financial income | 75/76B | €2,415 | €2,318 | -€97 | -4.0% |
| Recurring financial income | 75 | €2,415 | €2,318 | -€97 | -4.0% |
| Financial charges | 65/66B | €53,566 | €51,441 | -€2,125 | -4.0% |
| Recurring financial charges | 65 | €53,566 | €51,441 | -€2,125 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €35,010 | €40,666 | +€5,656 | +16.2% |
| Income taxes | 67/77 | - | €6,389 | +€6,389 | |
| Profit (loss) for the period | 9904 | €35,010 | €34,277 | -€733 | -2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €35,010 | €34,277 | -€733 | -2.1% |
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 6 October 2026 via checked.be.