ODYSSEY: 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.
What changed
ODYSSEY
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€60,032
2024 · €837,466-€777,434
Equity
€3.7m
2024 · €3.6m+€60,032
Cash
€1.3m
2024 · €2.0m-€736,872
Balance sheet total
€7.8m
2024 · €9.9m-€2.1m
Largest movements
Assets
- Current investments -€1.2m
down €1.2m (-100.0%), from €1.2m to €0
- Cash -€736,872
down €736,872 (-36.5%), from €2.0m to €1.3m
mainly Trade debts (-€1.7m) and Debts after one year (-€327,980)
- Tangible fixed assets -€339,962
down €339,962 (-6.7%), from €5.1m to €4.8m
of which Land and buildings: -€211,237
- Receivables within one year +€318,841
up €318,841 (+126.5%), from €251,983 to €570,824
of which Trade receivables: +€295,599
- Deferred charges and accrued income -€143,957
down €143,957 (-43.2%), from €333,355 to €189,398
Equity and liabilities
- Trade debts -€1.7m
down €1.7m (-54.5%), from €3.1m to €1.4m
- Debts after one year -€327,980
down €327,980 (-15.8%), from €2.1m to €1.8m
of which Financial debts: -€327,980
- Current portion of long-term debt -€226,581
down €226,581 (-39.3%), from €576,893 to €350,313
- Tax, wage and social debts +€135,902
up €135,902 (+39.5%), from €344,245 to €480,147
of which Taxes: +€72,655
Income statement
- Turnover -€1.6m
down €1.6m (-4.6%), from €35.7m to €34.1m
- Goods and materials -€1.1m
down €1.1m (-3.9%), from €27.8m to €26.7m
of which Purchases: -€1.2m
- Services and other goods -€859,584
down €859,584 (-21.8%), from €3.9m to €3.1m
- Staff costs +€741,255
up €741,255 (+25.4%), from €2.9m to €3.7m
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.
Result 2024
€837,466
Turnover
-€1.6m
Other operating income
-€88,513
Goods and materials
+€1.1m
Services and other goods
+€859,584
Staff costs
-€741,255
Depreciation
-€27,099
Other operating charges
-€17,841
Other operating items
-€396,521
Financial income
+€5,592
Financial charges
-€28,320
Taxes
+€205,478
Result 2025
€60,032
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.
From operations
-€1.2m
Investment
+€1.0m
Financing
-€554,560
Cash 2024
€2.0m
From operations (derived)
-€1.2m
Net result for the year
+€60,032
Depreciation
+€546,366
Stocks and contracts
+€19,776
Receivables within one year
-€318,841
Deferred charges and accrued income
+€143,957
Trade debts
-€1.7m
Tax, wage and social debts
+€135,902
Other debts
-€85,626
Accrued charges and deferred income
+€11,598
Investment (derived)
+€1.0m
Investment in fixed assets (net)
-€198,125
Current investments
+€1.2m
Financing
-€554,560
Debts after one year
-€327,980
Current portion of long-term debt
-€226,581
Cash 2025
€1.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,916,615 | €7,786,612 | -€2.1m | -21.5% |
| Fixed assets | 21/28 | €5,196,267 | €4,848,026 | -€348,240 | -6.7% |
| Tangible fixed assets | 22/27 | €5,108,200 | €4,768,238 | -€339,962 | -6.7% |
| Land and buildings | 22 | €3,342,647 | €3,131,410 | -€211,237 | -6.3% |
| Plant, machinery and equipment | 23 | €1,343,200 | €1,248,940 | -€94,260 | -7.0% |
| Furniture and vehicles | 24 | €422,353 | €387,888 | -€34,466 | -8.2% |
| Financial fixed assets | 28 | €88,067 | €79,788 | -€8,278 | -9.4% |
| Other financial fixed assets | 284/8 | €88,067 | €79,788 | -€8,278 | -9.4% |
| Amounts receivable and cash guarantees | 285/8 | €88,067 | €79,788 | -€8,278 | -9.4% |
| Current assets | 29/58 | €4,720,349 | €2,938,585 | -€1.8m | -37.7% |
| Stocks and contracts in progress | 3 | €915,222 | €895,446 | -€19,776 | -2.2% |
| Stocks | 30/36 | €915,222 | €895,446 | -€19,776 | -2.2% |
| Raw materials and consumables | 30/31 | €4,908 | €0 | -€4,908 | -100.0% |
| Goods purchased for resale | 34 | €910,314 | €895,446 | -€14,868 | -1.6% |
| Amounts receivable within one year | 40/41 | €251,983 | €570,824 | +€318,841 | +126.5% |
| Trade receivables | 40 | €82,074 | €377,673 | +€295,599 | +360.2% |
| Other amounts receivable | 41 | €169,909 | €193,151 | +€23,242 | +13.7% |
| Current investments | 50/53 | €1,200,000 | €0 | -€1.2m | -100.0% |
| Other investments | 51/53 | €1,200,000 | €0 | -€1.2m | -100.0% |
| Cash at bank and in hand | 54/58 | €2,019,789 | €1,282,917 | -€736,872 | -36.5% |
| Deferred charges and accrued income | 490/1 | €333,355 | €189,398 | -€143,957 | -43.2% |
| Total equity and liabilities | 10/49 | €9,916,615 | €7,786,612 | -€2.1m | -21.5% |
| Equity | 10/15 | €3,638,112 | €3,698,144 | +€60,032 | +1.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €3,576,112 | €3,636,144 | +€60,032 | +1.7% |
| Non-distributable reserves | 130/1 | €490,436 | €490,436 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €484,236 | €484,236 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,074,308 | €779,608 | -€294,700 | -27.4% |
| Distributable reserves | 133 | €2,011,368 | €2,366,100 | +€354,732 | +17.6% |
| Amounts payable | 17/49 | €6,278,503 | €4,088,468 | -€2.2m | -34.9% |
| Amounts payable after more than one year | 17 | €2,079,619 | €1,751,640 | -€327,980 | -15.8% |
| Financial debts | 170/4 | €2,079,619 | €1,751,640 | -€327,980 | -15.8% |
| Subordinated loans | 170 | €396,329 | €306,996 | -€89,332 | -22.5% |
| Credit institutions | 173 | €1,683,291 | €1,444,643 | -€238,647 | -14.2% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €4,147,727 | €2,274,073 | -€1.9m | -45.2% |
| Current portion of amounts payable after more than one year | 42 | €576,893 | €350,313 | -€226,581 | -39.3% |
| Trade debts | 44 | €3,115,963 | €1,418,614 | -€1.7m | -54.5% |
| Suppliers | 440/4 | €3,115,963 | €1,418,614 | -€1.7m | -54.5% |
| Taxes, remuneration and social security | 45 | €344,245 | €480,147 | +€135,902 | +39.5% |
| Taxes | 450/3 | €15,660 | €88,315 | +€72,655 | +463.9% |
| Remuneration and social security | 454/9 | €328,584 | €391,832 | +€63,248 | +19.2% |
| Other amounts payable | 47/48 | €110,626 | €25,000 | -€85,626 | -77.4% |
| Accrued charges and deferred income | 492/3 | €51,157 | €62,755 | +€11,598 | +22.7% |
| Operating income | 70/76A | €36,561,338 | €34,519,496 | -€2.0m | -5.6% |
| Turnover | 70 | €35,747,399 | €34,112,912 | -€1.6m | -4.6% |
| Other operating income | 74 | €456,132 | €367,619 | -€88,513 | -19.4% |
| Non-recurring operating income | 76A | €357,807 | €38,965 | -€318,841 | -89.1% |
| Operating charges | 60/66A | €35,370,136 | €34,288,477 | -€1.1m | -3.1% |
| Goods for resale, raw materials and consumables | 60 | €27,803,729 | €26,717,779 | -€1.1m | -3.9% |
| Purchases | 600/8 | €27,906,539 | €26,698,003 | -€1.2m | -4.3% |
| Change in stocks: decrease (increase) | 609 | -€102,811 | €19,776 | +€122,586 | |
| Services and other goods | 61 | €3,938,446 | €3,078,862 | -€859,584 | -21.8% |
| Remuneration, social security and pensions | 62 | €2,920,748 | €3,662,003 | +€741,255 | +25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €519,267 | €546,366 | +€27,099 | +5.2% |
| Other operating charges | 640/8 | €115,045 | €132,887 | +€17,841 | +15.5% |
| Non-recurring operating charges | 66A | €72,901 | €150,581 | +€77,680 | +106.6% |
| Operating profit (loss) | 9901 | €1,191,203 | €231,019 | -€960,183 | -80.6% |
| Financial income | 75/76B | €102,674 | €108,266 | +€5,592 | +5.4% |
| Recurring financial income | 75 | €102,674 | €108,266 | +€5,592 | +5.4% |
| Income from current assets | 751 | €25,128 | €17,292 | -€7,837 | -31.2% |
| Other financial income | 752/9 | €77,546 | €90,974 | +€13,428 | +17.3% |
| Financial charges | 65/66B | €136,171 | €164,491 | +€28,320 | +20.8% |
| Recurring financial charges | 65 | €136,171 | €164,491 | +€28,320 | +20.8% |
| Debt charges | 650 | €48,663 | €46,468 | -€2,195 | -4.5% |
| Other financial charges | 652/9 | €87,508 | €118,023 | +€30,515 | +34.9% |
| Profit (loss) for the period before taxes | 9903 | €1,157,706 | €174,794 | -€982,912 | -84.9% |
| Income taxes | 67/77 | €320,240 | €114,762 | -€205,478 | -64.2% |
| Taxes | 670/3 | €320,240 | €115,126 | -€205,114 | -64.1% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | €364 | +€364 | |
| Profit (loss) for the period | 9904 | €837,466 | €60,032 | -€777,434 | -92.8% |
| Transfer from tax-exempt reserves | 789 | - | €294,700 | +€294,700 | |
| Transfer to tax-exempt reserves | 689 | €465,963 | €0 | -€465,963 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €371,503 | €354,732 | -€16,771 | -4.5% |
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.