ODZALA: 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.
ODZALA
Largest movements
- Deferred charges and accrued income +€4,812
up €4,812 (+13.6%), from €35,301 to €40,113
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€730
up €730 (+45.1%), from -€1,618 to -€888
- Financial charges -€56
down €56 (-45.1%), from €125 to €69
- Other operating charges +€24
up €24 (+6.2%), from €388 to €411
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 | €209,447 | €212,835 | +€3,388 | +1.6% |
| Fixed assets | 21/28 | €61,559 | €60,118 | -€1,441 | -2.3% |
| Tangible fixed assets | 22/27 | €3,112 | €1,671 | -€1,441 | -46.3% |
| Plant, machinery and equipment | 23 | €1,610 | €517 | -€1,093 | -67.9% |
| Furniture and vehicles | 24 | €1,503 | €1,154 | -€349 | -23.2% |
| Financial fixed assets | 28 | €58,447 | €58,447 | = | 0.0% |
| Current assets | 29/58 | €147,888 | €152,718 | +€4,830 | +3.3% |
| Amounts receivable after more than one year | 29 | €103,030 | €103,030 | = | 0.0% |
| Other amounts receivable | 291 | €103,030 | €103,030 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €9,331 | €9,331 | = | 0.0% |
| Other amounts receivable | 41 | €9,331 | €9,331 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €225 | €243 | +€18 | +8.1% |
| Deferred charges and accrued income | 490/1 | €35,301 | €40,113 | +€4,812 | +13.6% |
| Total equity and liabilities | 10/49 | €209,447 | €212,835 | +€3,388 | +1.6% |
| Equity | 10/15 | €202,584 | €204,586 | +€2,002 | +1.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 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 | €194,524 | €196,526 | +€2,002 | +1.0% |
| Amounts payable | 17/49 | €6,863 | €8,249 | +€1,386 | +20.2% |
| Amounts payable within one year | 42/48 | €6,863 | €8,249 | +€1,386 | +20.2% |
| Trade debts | 44 | €1,250 | €886 | -€364 | -29.1% |
| Suppliers | 440/4 | €1,250 | €886 | -€364 | -29.1% |
| Other amounts payable | 47/48 | €5,614 | €7,364 | +€1,750 | +31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,441 | €1,441 | = | 0.0% |
| Other operating charges | 640/8 | €388 | €411 | +€24 | +6.2% |
| Gross operating margin | 9900 | -€1,618 | -€888 | +€730 | +45.1% |
| Operating profit (loss) | 9901 | -€3,447 | -€2,740 | +€706 | +20.5% |
| Financial income | 75/76B | €4,812 | €4,812 | = | 0.0% |
| Recurring financial income | 75 | €4,812 | €4,812 | = | 0.0% |
| Financial charges | 65/66B | €125 | €69 | -€56 | -45.1% |
| Recurring financial charges | 65 | €125 | €69 | -€56 | -45.1% |
| Profit (loss) for the period before taxes | 9903 | €1,240 | €2,002 | +€763 | +61.5% |
| Profit (loss) for the period | 9904 | €1,240 | €2,002 | +€763 | +61.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,240 | €2,002 | +€763 | +61.5% |
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 7 October 2026 via checked.be.