ODYSSEY22: 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.
ODYSSEY22
Largest movements
- Cash -€43,730
down €43,730 (-57.1%), from €76,566 to €32,836
mainly Contributions, distributions and other (-€42,218) and Other debts (-€30,638)
- Tangible fixed assets -€8,223
down €8,223 (-17.3%), from €47,549 to €39,327
of which Furniture and vehicles: -€4,747
- Deferred charges and accrued income -€2,971
down €2,971 (-75.1%), from €3,958 to €987
- Receivables within one year -€2,923
down €2,923 (-10.4%), from €28,169 to €25,246
of which Trade receivables: -€2,095
- Other debts -€30,638
down €30,638 (-33.6%), from €91,286 to €60,647
- Tax, wage and social debts -€9,576
down €9,576 (-63.8%), from €15,000 to €5,424
of which Remuneration and social security: -€9,619
- Current portion of long-term debt -€8,614
down €8,614 (-73.9%), from €11,652 to €3,037
- Reserves -€6,346
down €6,346 (-100.0%), from €6,346 to €0
- Debts after one year -€3,037
down €3,037 (-24.2%), from €12,527 to €9,490
- Gross operating margin +€10,473
up €10,473 (+18.8%), from €55,681 to €66,154
- Depreciation +€5,711
up €5,711 (+67.7%), from €8,431 to €14,142
- Taxes +€1,558
up €1,558 (+13.0%), from €11,943 to €13,500
- Other operating charges -€1,228
down €1,228 (-38.9%), from €3,157 to €1,929
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 | €156,242 | €98,395 | -€57,846 | -37.0% |
| Fixed assets | 21/28 | €47,549 | €39,327 | -€8,223 | -17.3% |
| Tangible fixed assets | 22/27 | €47,549 | €39,327 | -€8,223 | -17.3% |
| Land and buildings | 22 | €5,509 | €5,228 | -€281 | -5.1% |
| Plant, machinery and equipment | 23 | €16,882 | €13,687 | -€3,195 | -18.9% |
| Furniture and vehicles | 24 | €25,158 | €20,412 | -€4,747 | -18.9% |
| Current assets | 29/58 | €108,692 | €59,069 | -€49,624 | -45.7% |
| Amounts receivable within one year | 40/41 | €28,169 | €25,246 | -€2,923 | -10.4% |
| Trade receivables | 40 | €26,592 | €24,497 | -€2,095 | -7.9% |
| Other amounts receivable | 41 | €1,577 | €750 | -€827 | -52.5% |
| Cash at bank and in hand | 54/58 | €76,566 | €32,836 | -€43,730 | -57.1% |
| Deferred charges and accrued income | 490/1 | €3,958 | €987 | -€2,971 | -75.1% |
| Total equity and liabilities | 10/49 | €156,242 | €98,395 | -€57,846 | -37.0% |
| Equity | 10/15 | €24,946 | €18,600 | -€6,346 | -25.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,346 | €0 | -€6,346 | -100.0% |
| Distributable reserves | 133 | €6,346 | €0 | -€6,346 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €131,296 | €79,795 | -€51,500 | -39.2% |
| Amounts payable after more than one year | 17 | €12,527 | €9,490 | -€3,037 | -24.2% |
| Financial debts | 170/4 | €12,527 | €9,490 | -€3,037 | -24.2% |
| Amounts payable within one year | 42/48 | €118,769 | €70,305 | -€48,463 | -40.8% |
| Current portion of amounts payable after more than one year | 42 | €11,652 | €3,037 | -€8,614 | -73.9% |
| Trade debts | 44 | €831 | €1,196 | +€365 | +44.0% |
| Suppliers | 440/4 | €831 | €1,196 | +€365 | +44.0% |
| Taxes, remuneration and social security | 45 | €15,000 | €5,424 | -€9,576 | -63.8% |
| Taxes | 450/3 | €0 | €44 | +€44 | |
| Remuneration and social security | 454/9 | €15,000 | €5,381 | -€9,619 | -64.1% |
| Other amounts payable | 47/48 | €91,286 | €60,647 | -€30,638 | -33.6% |
| Non-recurring operating income | 76A | €3,374 | €0 | -€3,374 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,431 | €14,142 | +€5,711 | +67.7% |
| Other operating charges | 640/8 | €3,157 | €1,929 | -€1,228 | -38.9% |
| Gross operating margin | 9900 | €55,681 | €66,154 | +€10,473 | +18.8% |
| Operating profit (loss) | 9901 | €44,092 | €50,082 | +€5,990 | +13.6% |
| Financial income | 75/76B | €296 | €46 | -€249 | -84.4% |
| Recurring financial income | 75 | €296 | €46 | -€249 | -84.4% |
| Financial charges | 65/66B | €676 | €755 | +€80 | +11.8% |
| Recurring financial charges | 65 | €676 | €755 | +€80 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | €43,712 | €49,373 | +€5,661 | +13.0% |
| Income taxes | 67/77 | €11,943 | €13,500 | +€1,558 | +13.0% |
| Profit (loss) for the period | 9904 | €31,769 | €35,873 | +€4,103 | +12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31,769 | €35,873 | +€4,103 | +12.9% |
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 12 October 2026 via checked.be.