Odyssius: 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.
Odyssius
Largest movements
- Tangible fixed assets +€1.0m
up €1.0m (+122.7%), from €825,748 to €1.8m
- Debts after one year +€703,831
up €703,831 (+162.8%), from €432,425 to €1.1m
- Other debts +€202,500
new in 2025: €202,500
- Current portion of long-term debt +€87,016
up €87,016 (+152.6%), from €57,028 to €144,044
- Profit (loss) carried forward +€25,271
up €25,271 (+41.6%), from €60,741 to €86,013
- Depreciation +€28,422
up €28,422 (+127.4%), from €22,310 to €50,733
- Gross operating margin +€11,622
up €11,622 (+12.5%), from €93,333 to €104,955
- Taxes -€5,127
down €5,127 (-37.8%), from €13,551 to €8,424
- Other operating charges +€2,184
up €2,184 (+85.7%), from €2,548 to €4,732
- Financial charges +€1,524
up €1,524 (+10.7%), from €14,271 to €15,796
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 | €853,791 | €1,867,400 | +€1.0m | +118.7% |
| Fixed assets | 21/28 | €825,748 | €1,839,015 | +€1.0m | +122.7% |
| Tangible fixed assets | 22/27 | €825,748 | €1,839,015 | +€1.0m | +122.7% |
| Land and buildings | 22 | €825,748 | €1,839,015 | +€1.0m | +122.7% |
| Current assets | 29/58 | €28,043 | €28,384 | +€341 | +1.2% |
| Amounts receivable within one year | 40/41 | €0 | €7,055 | +€7,055 | |
| Trade receivables | 40 | €0 | €478 | +€478 | |
| Other amounts receivable | 41 | - | €6,576 | +€6,576 | |
| Cash at bank and in hand | 54/58 | €28,043 | €21,329 | -€6,713 | -23.9% |
| Total equity and liabilities | 10/49 | €853,791 | €1,867,400 | +€1.0m | +118.7% |
| Equity | 10/15 | €330,741 | €356,013 | +€25,271 | +7.6% |
| Contributions | 10/11 | €270,000 | €270,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,741 | €86,013 | +€25,271 | +41.6% |
| Amounts payable | 17/49 | €523,050 | €1,511,387 | +€988,337 | +189.0% |
| Amounts payable after more than one year | 17 | €432,425 | €1,136,256 | +€703,831 | +162.8% |
| Financial debts | 170/4 | €432,425 | €1,136,256 | +€703,831 | +162.8% |
| Amounts payable within one year | 42/48 | €60,477 | €349,094 | +€288,617 | +477.2% |
| Current portion of amounts payable after more than one year | 42 | €57,028 | €144,044 | +€87,016 | +152.6% |
| Financial debts | 43 | €2,202 | €2,550 | +€349 | +15.8% |
| Credit institutions | 430/8 | €2,202 | €2,550 | +€349 | +15.8% |
| Taxes, remuneration and social security | 45 | €1,247 | €0 | -€1,247 | -100.0% |
| Taxes | 450/3 | €1,247 | €0 | -€1,247 | -100.0% |
| Other amounts payable | 47/48 | - | €202,500 | +€202,500 | |
| Accrued charges and deferred income | 492/3 | €30,148 | €26,037 | -€4,111 | -13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,310 | €50,733 | +€28,422 | +127.4% |
| Other operating charges | 640/8 | €2,548 | €4,732 | +€2,184 | +85.7% |
| Gross operating margin | 9900 | €93,333 | €104,955 | +€11,622 | +12.5% |
| Operating profit (loss) | 9901 | €68,475 | €49,490 | -€18,984 | -27.7% |
| Financial charges | 65/66B | €14,271 | €15,796 | +€1,524 | +10.7% |
| Recurring financial charges | 65 | €14,271 | €15,796 | +€1,524 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | €54,203 | €33,695 | -€20,508 | -37.8% |
| Income taxes | 67/77 | €13,551 | €8,424 | -€5,127 | -37.8% |
| Profit (loss) for the period | 9904 | €40,652 | €25,271 | -€15,381 | -37.8% |
| Profit (loss) for the period to be appropriated | 9905 | €40,652 | €25,271 | -€15,381 | -37.8% |
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 9 October 2026 via checked.be.