Odyssée Holding: 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.
Odyssée Holding
Largest movements
- Financial fixed assets +€26.9m
up €26.9m (+107%), from €25.1m to €52.0m
- Receivables after one year +€597,254
up €597,254 (+49.0%), from €1.2m to €1.8m
- Debts after one year +€31.7m
up €31.7m (+86.3%), from €36.8m to €68.5m
- Profit (loss) carried forward -€3.8m
down €3.8m (-37.1%), from -€10.3m to -€14.1m
- Financial charges +€3.0m
up €3.0m (+65.6%), from €4.6m to €7.6m
of which Financial charges: +€2.3m
- Financial income +€2.6m
up €2.6m (+736%), from €359,011 to €3.0m
of which Financial income: +€2.1m
- Gross operating margin +€2.4m
up €2.4m, from -€1.4m to €990,077
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 | €26,809,835 | €54,954,520 | +€28.1m | +105% |
| Fixed assets | 21/28 | €25,094,629 | €52,011,669 | +€26.9m | +107% |
| Tangible fixed assets | 22/27 | €4,477 | €2,916 | -€1,561 | -34.9% |
| Furniture and vehicles | 24 | €4,477 | €2,916 | -€1,561 | -34.9% |
| Financial fixed assets | 28 | €25,090,152 | €52,008,754 | +€26.9m | +107% |
| Current assets | 29/58 | €1,715,206 | €2,942,850 | +€1.2m | +71.6% |
| Amounts receivable after more than one year | 29 | €1,217,646 | €1,814,901 | +€597,254 | +49.0% |
| Other amounts receivable | 291 | €1,217,646 | €1,814,901 | +€597,254 | +49.0% |
| Amounts receivable within one year | 40/41 | €448,951 | €782,591 | +€333,640 | +74.3% |
| Other amounts receivable | 41 | €448,951 | €782,591 | +€333,640 | +74.3% |
| Cash at bank and in hand | 54/58 | €13,788 | €4,638 | -€9,150 | -66.4% |
| Deferred charges and accrued income | 490/1 | €34,820 | €340,721 | +€305,901 | +879% |
| Total equity and liabilities | 10/49 | €26,809,835 | €54,954,520 | +€28.1m | +105% |
| Equity | 10/15 | -€10,292,565 | -€14,111,723 | -€3.8m | -37.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,297,565 | -€14,116,723 | -€3.8m | -37.1% |
| Amounts payable | 17/49 | €37,102,400 | €69,066,243 | +€32.0m | +86.2% |
| Amounts payable after more than one year | 17 | €36,766,121 | €68,504,055 | +€31.7m | +86.3% |
| Financial debts | 170/4 | €36,766,121 | €68,504,055 | +€31.7m | +86.3% |
| Amounts payable within one year | 42/48 | €336,279 | €562,187 | +€225,908 | +67.2% |
| Trade debts | 44 | €336,279 | €562,187 | +€225,908 | +67.2% |
| Suppliers | 440/4 | €336,279 | €562,187 | +€225,908 | +67.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €1,580,516 | +€1.6m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,561 | €1,561 | = | 0.0% |
| Other operating charges | 640/8 | €489 | €1,724 | +€1,235 | +253% |
| Non-recurring operating charges | 66A | - | €212,501 | +€212,501 | |
| Gross operating margin | 9900 | -€1,361,505 | €990,077 | +€2.4m | |
| Operating profit (loss) | 9901 | -€1,363,555 | €774,291 | +€2.1m | |
| Financial income | 75/76B | €359,011 | €3,003,024 | +€2.6m | +736% |
| Recurring financial income | 75 | €359,011 | €2,464,967 | +€2.1m | +587% |
| Non-recurring financial income | 76B | - | €538,057 | +€538,057 | |
| Financial charges | 65/66B | €4,586,451 | €7,596,472 | +€3.0m | +65.6% |
| Recurring financial charges | 65 | €1,573,868 | €3,919,138 | +€2.3m | +149% |
| Non-recurring financial charges | 66B | €3,012,583 | €3,677,334 | +€664,752 | +22.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,590,995 | -€3,819,158 | +€1.8m | +31.7% |
| Profit (loss) for the period | 9904 | -€5,590,995 | -€3,819,158 | +€1.8m | +31.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,590,995 | -€3,819,158 | +€1.8m | +31.7% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.