ODYSSEY SYSTEMS: 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.
ODYSSEY SYSTEMS
Largest movements
- Tangible fixed assets +€29,354
up €29,354 (+222%), from €13,243 to €42,597
of which Leasing and similar rights: +€35,952
- Cash -€10,648
down €10,648 (-81.6%), from €13,044 to €2,396
mainly Investment in fixed assets (net) (-€43,918) and Net result for the year (-€19,091)
- Receivables within one year -€7,620
down €7,620 (-57.6%), from €13,224 to €5,604
of which Other amounts receivable: -€7,660
- Debts after one year +€24,836
new in 2026: €24,836
- Profit (loss) carried forward -€19,091
down €19,091, from €10,085 to -€9,006
- Other debts +€4,722
new in 2026: €4,722
- Current portion of long-term debt +€4,319
new in 2026: €4,319
- Trade debts -€2,047
down €2,047 (-26.7%), from €7,659 to €5,612
- Financial income -€22,436
no longer reported in 2026 (was €22,436)
of which Financial income: -€22,436
- Depreciation +€6,594
up €6,594 (+82.7%), from €7,970 to €14,564
- Gross operating margin +€2,562
up €2,562, from -€2,262 to €300
- Other operating charges +€2,205
up €2,205 (+8,822%), from €25 to €2,230
- Financial charges +€2,202
up €2,202 (+1,019%), from €216 to €2,418
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €39,816 | €50,856 | +€11,040 | +27.7% |
| Fixed assets | 21/28 | €13,503 | €42,857 | +€29,354 | +217% |
| Tangible fixed assets | 22/27 | €13,243 | €42,597 | +€29,354 | +222% |
| Furniture and vehicles | 24 | €13,243 | €6,645 | -€6,598 | -49.8% |
| Leasing and similar rights | 25 | - | €35,952 | +€35,952 | |
| Financial fixed assets | 28 | €260 | €260 | = | 0.0% |
| Current assets | 29/58 | €26,313 | €7,999 | -€18,314 | -69.6% |
| Amounts receivable within one year | 40/41 | €13,224 | €5,604 | -€7,620 | -57.6% |
| Trade receivables | 40 | €5,254 | €5,294 | +€40 | +0.8% |
| Other amounts receivable | 41 | €7,970 | €310 | -€7,660 | -96.1% |
| Cash at bank and in hand | 54/58 | €13,044 | €2,396 | -€10,648 | -81.6% |
| Deferred charges and accrued income | 490/1 | €45 | - | -€45 | |
| Total equity and liabilities | 10/49 | €39,816 | €50,856 | +€11,040 | +27.7% |
| Equity | 10/15 | €30,269 | €11,178 | -€19,091 | -63.1% |
| Contributions | 10/11 | €18,324 | €18,324 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,085 | -€9,006 | -€19,091 | |
| Amounts payable | 17/49 | €9,547 | €39,678 | +€30,131 | +316% |
| Amounts payable after more than one year | 17 | - | €24,836 | +€24,836 | |
| Financial debts | 170/4 | - | €24,836 | +€24,836 | |
| Amounts payable within one year | 42/48 | €9,547 | €14,842 | +€5,295 | +55.5% |
| Current portion of amounts payable after more than one year | 42 | - | €4,319 | +€4,319 | |
| Trade debts | 44 | €7,659 | €5,612 | -€2,047 | -26.7% |
| Suppliers | 440/4 | €7,659 | €5,612 | -€2,047 | -26.7% |
| Advances received on contracts in progress | 46 | €910 | - | -€910 | |
| Taxes, remuneration and social security | 45 | €978 | €189 | -€789 | -80.7% |
| Taxes | 450/3 | €978 | €189 | -€789 | -80.7% |
| Other amounts payable | 47/48 | - | €4,722 | +€4,722 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,970 | €14,564 | +€6,594 | +82.7% |
| Other operating charges | 640/8 | €25 | €2,230 | +€2,205 | +8,822% |
| Non-recurring operating charges | 66A | €1,156 | - | -€1,156 | |
| Gross operating margin | 9900 | -€2,262 | €300 | +€2,562 | |
| Operating profit (loss) | 9901 | -€11,413 | -€16,494 | -€5,081 | -44.5% |
| Financial income | 75/76B | €22,436 | - | -€22,436 | |
| Recurring financial income | 75 | €22,436 | - | -€22,436 | |
| Non-recurring financial income | 76B | €22,436 | - | -€22,436 | |
| Financial charges | 65/66B | €216 | €2,418 | +€2,202 | +1,019% |
| Recurring financial charges | 65 | €216 | €2,418 | +€2,202 | +1,019% |
| Profit (loss) for the period before taxes | 9903 | €10,807 | -€18,912 | -€29,719 | |
| Income taxes | 67/77 | - | €179 | +€179 | |
| Profit (loss) for the period | 9904 | €10,807 | -€19,091 | -€29,898 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,807 | -€19,091 | -€29,898 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.