ODYSSEUS: 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.
ODYSSEUS
Largest movements
- Intangible fixed assets -€6,411
down €6,411 (-15.4%), from €41,672 to €35,261
- Cash +€3,195
up €3,195 (+75.4%), from €4,240 to €7,435
mainly Depreciation (+€8,104) and Tax, wage and social debts (+€3,674)
- Debts after one year -€7,340
down €7,340 (-17.4%), from €42,287 to €34,947
- Tax, wage and social debts +€3,674
up €3,674 (+29.3%), from €12,545 to €16,219
- Other debts -€3,087
down €3,087 (-46.3%), from €6,670 to €3,583
- Trade debts +€2,038
up €2,038 (+245.3%), from €831 to €2,869
- Gross operating margin +€15,012
up €15,012, from -€1,624 to €13,389
- Taxes +€701
new in 2025: €701
- Financial charges +€647
up €647 (+249.9%), from €259 to €906
- Depreciation -€505
down €505 (-5.9%), from €8,609 to €8,104
- Financial income -€400
down €400 (-26.5%), from €1,508 to €1,108
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 | €78,171 | €73,735 | -€4,435 | -5.7% |
| Fixed assets | 21/28 | €48,461 | €41,437 | -€7,024 | -14.5% |
| Intangible fixed assets | 21 | €41,672 | €35,261 | -€6,411 | -15.4% |
| Tangible fixed assets | 22/27 | €6,139 | €5,525 | -€613 | -10.0% |
| Land and buildings | 22 | €3,465 | €3,802 | +€337 | +9.7% |
| Plant, machinery and equipment | 23 | €2,385 | €1,590 | -€795 | -33.3% |
| Furniture and vehicles | 24 | €288 | €134 | -€155 | -53.7% |
| Financial fixed assets | 28 | €650 | €650 | = | 0.0% |
| Current assets | 29/58 | €29,709 | €32,298 | +€2,589 | +8.7% |
| Amounts receivable within one year | 40/41 | €25,041 | €24,473 | -€568 | -2.3% |
| Trade receivables | 40 | €6,121 | €2,500 | -€3,621 | -59.2% |
| Other amounts receivable | 41 | €18,919 | €21,973 | +€3,053 | +16.1% |
| Cash at bank and in hand | 54/58 | €4,240 | €7,435 | +€3,195 | +75.4% |
| Deferred charges and accrued income | 490/1 | €429 | €390 | -€38 | -8.9% |
| Total equity and liabilities | 10/49 | €78,171 | €73,735 | -€4,435 | -5.7% |
| Equity | 10/15 | €8,595 | €8,776 | +€181 | +2.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,805 | -€3,624 | +€181 | +4.8% |
| Amounts payable | 17/49 | €69,576 | €64,959 | -€4,616 | -6.6% |
| Amounts payable after more than one year | 17 | €42,287 | €34,947 | -€7,340 | -17.4% |
| Financial debts | 170/4 | €42,287 | €34,947 | -€7,340 | -17.4% |
| Amounts payable within one year | 42/48 | €27,288 | €30,012 | +€2,724 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €7,242 | €7,340 | +€99 | +1.4% |
| Trade debts | 44 | €831 | €2,869 | +€2,038 | +245.3% |
| Suppliers | 440/4 | €831 | €2,869 | +€2,038 | +245.3% |
| Taxes, remuneration and social security | 45 | €12,545 | €16,219 | +€3,674 | +29.3% |
| Taxes | 450/3 | €12,545 | €16,219 | +€3,674 | +29.3% |
| Other amounts payable | 47/48 | €6,670 | €3,583 | -€3,087 | -46.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,609 | €8,104 | -€505 | -5.9% |
| Other operating charges | 640/8 | €608 | €474 | -€134 | -22.0% |
| Non-recurring operating charges | 66A | - | €4,130 | +€4,130 | |
| Gross operating margin | 9900 | -€1,624 | €13,389 | +€15,012 | |
| Operating profit (loss) | 9901 | -€10,840 | €680 | +€11,521 | |
| Financial income | 75/76B | €1,508 | €1,108 | -€400 | -26.5% |
| Recurring financial income | 75 | €1,508 | €1,108 | -€400 | -26.5% |
| Financial charges | 65/66B | €259 | €906 | +€647 | +249.9% |
| Recurring financial charges | 65 | €259 | €906 | +€647 | +249.9% |
| Profit (loss) for the period before taxes | 9903 | -€9,591 | €882 | +€10,473 | |
| Income taxes | 67/77 | - | €701 | +€701 | |
| Profit (loss) for the period | 9904 | -€9,591 | €181 | +€9,772 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,591 | €181 | +€9,772 |
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.