ODYSEA: 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.
ODYSEA
Largest movements
- Tangible fixed assets +€421,062
up €421,062 (+79.8%), from €527,824 to €948,886
of which Land and buildings: +€434,442
- Receivables within one year +€26,245
up €26,245 (+328.8%), from €7,983 to €34,229
of which Other amounts receivable: +€21,357
- Revaluation surpluses +€450,000
new in 2025: €450,000
- Profit (loss) carried forward +€83,868
up €83,868 (+55.9%), from -€150,070 to -€66,202
- Other debts -€62,369
down €62,369 (-100.0%), from €62,369 to €0
- Debts after one year -€15,663
down €15,663 (-2.8%), from €568,573 to €552,909
of which Financial debts: -€15,663
- Gross operating margin +€18,857
up €18,857 (+15.7%), from €119,924 to €138,781
- Depreciation -€8,592
down €8,592 (-22.9%), from €37,530 to €28,938
- Other operating charges +€1,939
up €1,939 (+33.0%), from €5,868 to €7,807
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 | €535,807 | €987,040 | +€451,233 | +84.2% |
| Fixed assets | 21/28 | €527,824 | €948,886 | +€421,062 | +79.8% |
| Tangible fixed assets | 22/27 | €527,824 | €948,886 | +€421,062 | +79.8% |
| Land and buildings | 22 | €504,259 | €938,701 | +€434,442 | +86.2% |
| Furniture and vehicles | 24 | €23,565 | €10,185 | -€13,380 | -56.8% |
| Current assets | 29/58 | €7,983 | €38,155 | +€30,171 | +377.9% |
| Amounts receivable within one year | 40/41 | €7,983 | €34,229 | +€26,245 | +328.8% |
| Trade receivables | 40 | €7,831 | €12,719 | +€4,889 | +62.4% |
| Other amounts receivable | 41 | €153 | €21,509 | +€21,357 | +13976.9% |
| Cash at bank and in hand | 54/58 | - | €3,926 | +€3,926 | |
| Total equity and liabilities | 10/49 | €535,807 | €987,040 | +€451,233 | +84.2% |
| Equity | 10/15 | -€129,738 | €404,130 | +€533,868 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | - | €450,000 | +€450,000 | |
| Reserves | 13 | €1,732 | €1,732 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,732 | €1,732 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,732 | €1,732 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€150,070 | -€66,202 | +€83,868 | +55.9% |
| Amounts payable | 17/49 | €665,545 | €582,910 | -€82,635 | -12.4% |
| Amounts payable after more than one year | 17 | €568,573 | €552,909 | -€15,663 | -2.8% |
| Financial debts | 170/4 | €567,557 | €551,893 | -€15,663 | -2.8% |
| Other amounts payable | 178/9 | €1,016 | €1,016 | = | 0.0% |
| Amounts payable within one year | 42/48 | €96,972 | €30,001 | -€66,972 | -69.1% |
| Current portion of amounts payable after more than one year | 42 | €15,254 | €15,663 | +€409 | +2.7% |
| Financial debts | 43 | €1,093 | €0 | -€1,093 | -100.0% |
| Credit institutions | 430/8 | €1,093 | €0 | -€1,093 | -100.0% |
| Trade debts | 44 | €11,340 | €4,295 | -€7,046 | -62.1% |
| Suppliers | 440/4 | €11,340 | €4,295 | -€7,046 | -62.1% |
| Taxes, remuneration and social security | 45 | €6,916 | €10,043 | +€3,127 | +45.2% |
| Taxes | 450/3 | €6,916 | €10,043 | +€3,127 | +45.2% |
| Other amounts payable | 47/48 | €62,369 | €0 | -€62,369 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,530 | €28,938 | -€8,592 | -22.9% |
| Other operating charges | 640/8 | €5,868 | €7,807 | +€1,939 | +33.0% |
| Gross operating margin | 9900 | €119,924 | €138,781 | +€18,857 | +15.7% |
| Operating profit (loss) | 9901 | €76,525 | €102,036 | +€25,511 | +33.3% |
| Financial income | 75/76B | €3 | €0 | -€3 | -99.7% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -99.7% |
| Financial charges | 65/66B | €18,329 | €18,168 | -€161 | -0.9% |
| Recurring financial charges | 65 | €18,329 | €18,168 | -€161 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €58,199 | €83,868 | +€25,669 | +44.1% |
| Profit (loss) for the period | 9904 | €58,199 | €83,868 | +€25,669 | +44.1% |
| Profit (loss) for the period to be appropriated | 9905 | €58,199 | €83,868 | +€25,669 | +44.1% |
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.