ODYSEM: 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.
ODYSEM
Largest movements
- Cash -€29,478
down €29,478 (-50.8%), from €58,015 to €28,537
mainly Tax, wage and social debts (-€25,985) and Receivables within one year (-€24,772)
- Receivables within one year +€24,772
up €24,772 (+30.7%), from €80,788 to €105,559
of which Trade receivables: +€19,906
- Intangible fixed assets -€2,055
down €2,055 (-50.9%), from €4,035 to €1,980
- Tax, wage and social debts -€25,985
down €25,985 (-63.8%), from €40,735 to €14,750
of which Taxes: -€20,985
- Trade debts +€13,058
up €13,058 (+96.4%), from €13,542 to €26,601
- Other debts +€8,671
up €8,671 (+742%), from €1,169 to €9,840
- Gross operating margin +€10,406
up €10,406 (+101%), from €10,267 to €20,673
- Write-downs +€2,200
new in 2025: €2,200
- Taxes +€1,896
up €1,896 (+90.1%), from €2,104 to €4,000
- Other operating charges -€307
down €307 (-43.4%), from €707 to €400
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 | €145,606 | €140,504 | -€5,102 | -3.5% |
| Fixed assets | 21/28 | €6,803 | €5,637 | -€1,166 | -17.1% |
| Intangible fixed assets | 21 | €4,035 | €1,980 | -€2,055 | -50.9% |
| Tangible fixed assets | 22/27 | €2,768 | €3,657 | +€889 | +32.1% |
| Plant, machinery and equipment | 23 | €553 | €359 | -€194 | -35.1% |
| Furniture and vehicles | 24 | €2,215 | €3,298 | +€1,083 | +48.9% |
| Current assets | 29/58 | €138,803 | €134,867 | -€3,936 | -2.8% |
| Amounts receivable within one year | 40/41 | €80,788 | €105,559 | +€24,772 | +30.7% |
| Trade receivables | 40 | €64,141 | €84,048 | +€19,906 | +31.0% |
| Other amounts receivable | 41 | €16,646 | €21,512 | +€4,866 | +29.2% |
| Cash at bank and in hand | 54/58 | €58,015 | €28,537 | -€29,478 | -50.8% |
| Deferred charges and accrued income | 490/1 | - | €770 | +€770 | |
| Total equity and liabilities | 10/49 | €145,606 | €140,504 | -€5,102 | -3.5% |
| Equity | 10/15 | €90,161 | €89,314 | -€847 | -0.9% |
| Contributions | 10/11 | - | €1 | +€1 | |
| Profit (loss) carried forward | 14 | €90,161 | €89,313 | -€848 | -0.9% |
| Amounts payable | 17/49 | €55,446 | €51,190 | -€4,255 | -7.7% |
| Amounts payable within one year | 42/48 | €55,446 | €51,190 | -€4,255 | -7.7% |
| Trade debts | 44 | €13,542 | €26,601 | +€13,058 | +96.4% |
| Suppliers | 440/4 | €13,542 | €26,601 | +€13,058 | +96.4% |
| Taxes, remuneration and social security | 45 | €40,735 | €14,750 | -€25,985 | -63.8% |
| Taxes | 450/3 | €35,735 | €14,750 | -€20,985 | -58.7% |
| Remuneration and social security | 454/9 | €5,000 | - | -€5,000 | |
| Other amounts payable | 47/48 | €1,169 | €9,840 | +€8,671 | +742% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,690 | €2,880 | +€190 | +7.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,200 | +€2,200 | |
| Other operating charges | 640/8 | €707 | €400 | -€307 | -43.4% |
| Gross operating margin | 9900 | €10,267 | €20,673 | +€10,406 | +101% |
| Operating profit (loss) | 9901 | €6,870 | €15,193 | +€8,323 | +121% |
| Financial income | 75/76B | €48 | €242 | +€195 | +409% |
| Recurring financial income | 75 | €48 | €242 | +€195 | +409% |
| Financial charges | 65/66B | €399 | €283 | -€116 | -29.0% |
| Recurring financial charges | 65 | €399 | €283 | -€116 | -29.0% |
| Profit (loss) for the period before taxes | 9903 | €6,519 | €15,152 | +€8,633 | +132% |
| Income taxes | 67/77 | €2,104 | €4,000 | +€1,896 | +90.1% |
| Profit (loss) for the period | 9904 | €4,415 | €11,152 | +€6,737 | +153% |
| Profit (loss) for the period to be appropriated | 9905 | €4,415 | €11,152 | +€6,737 | +153% |
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 14 October 2026 via checked.be.