ODYSEM: what changed
ODYSEM
Largest movements
- Cash -€29,478
down €29,478 (-50.8%), from €58,015 to €28,537
mainly Tax, wage and social debts (-€25,985) and Receivables within one year (-€24,772)
- Receivables within one year +€24,772
up €24,772 (+30.7%), from €80,788 to €105,559
of which Trade receivables: +€19,906
- Intangible fixed assets -€2,055
down €2,055 (-50.9%), from €4,035 to €1,980
- Tax, wage and social debts -€25,985
down €25,985 (-63.8%), from €40,735 to €14,750
of which Taxes: -€20,985
- Trade debts +€13,058
up €13,058 (+96.4%), from €13,542 to €26,601
- Other debts +€8,671
up €8,671 (+742%), from €1,169 to €9,840
- Gross operating margin +€10,406
up €10,406 (+101%), from €10,267 to €20,673
- Write-downs +€2,200
new in 2025: €2,200
- Taxes +€1,896
up €1,896 (+90.1%), from €2,104 to €4,000
- Other operating charges -€307
down €307 (-43.4%), from €707 to €400
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €145,606 | €140,504 | -€5,102 | -3.5% |
| Fixed assets | 21/28 | €6,803 | €5,637 | -€1,166 | -17.1% |
| Intangible fixed assets | 21 | €4,035 | €1,980 | -€2,055 | -50.9% |
| Tangible fixed assets | 22/27 | €2,768 | €3,657 | +€889 | +32.1% |
| Plant, machinery and equipment | 23 | €553 | €359 | -€194 | -35.1% |
| Furniture and vehicles | 24 | €2,215 | €3,298 | +€1,083 | +48.9% |
| Current assets | 29/58 | €138,803 | €134,867 | -€3,936 | -2.8% |
| Amounts receivable within one year | 40/41 | €80,788 | €105,559 | +€24,772 | +30.7% |
| Trade receivables | 40 | €64,141 | €84,048 | +€19,906 | +31.0% |
| Other amounts receivable | 41 | €16,646 | €21,512 | +€4,866 | +29.2% |
| Cash at bank and in hand | 54/58 | €58,015 | €28,537 | -€29,478 | -50.8% |
| Deferred charges and accrued income | 490/1 | - | €770 | +€770 | |
| Total equity and liabilities | 10/49 | €145,606 | €140,504 | -€5,102 | -3.5% |
| Equity | 10/15 | €90,161 | €89,314 | -€847 | -0.9% |
| Contributions | 10/11 | - | €1 | +€1 | |
| Profit (loss) carried forward | 14 | €90,161 | €89,313 | -€848 | -0.9% |
| Amounts payable | 17/49 | €55,446 | €51,190 | -€4,255 | -7.7% |
| Amounts payable within one year | 42/48 | €55,446 | €51,190 | -€4,255 | -7.7% |
| Trade debts | 44 | €13,542 | €26,601 | +€13,058 | +96.4% |
| Suppliers | 440/4 | €13,542 | €26,601 | +€13,058 | +96.4% |
| Taxes, remuneration and social security | 45 | €40,735 | €14,750 | -€25,985 | -63.8% |
| Taxes | 450/3 | €35,735 | €14,750 | -€20,985 | -58.7% |
| Remuneration and social security | 454/9 | €5,000 | - | -€5,000 | |
| Other amounts payable | 47/48 | €1,169 | €9,840 | +€8,671 | +742% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,690 | €2,880 | +€190 | +7.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,200 | +€2,200 | |
| Other operating charges | 640/8 | €707 | €400 | -€307 | -43.4% |
| Gross operating margin | 9900 | €10,267 | €20,673 | +€10,406 | +101% |
| Operating profit (loss) | 9901 | €6,870 | €15,193 | +€8,323 | +121% |
| Financial income | 75/76B | €48 | €242 | +€195 | +409% |
| Recurring financial income | 75 | €48 | €242 | +€195 | +409% |
| Financial charges | 65/66B | €399 | €283 | -€116 | -29.0% |
| Recurring financial charges | 65 | €399 | €283 | -€116 | -29.0% |
| Profit (loss) for the period before taxes | 9903 | €6,519 | €15,152 | +€8,633 | +132% |
| Income taxes | 67/77 | €2,104 | €4,000 | +€1,896 | +90.1% |
| Profit (loss) for the period | 9904 | €4,415 | €11,152 | +€6,737 | +153% |
| Profit (loss) for the period to be appropriated | 9905 | €4,415 | €11,152 | +€6,737 | +153% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.