Odette: 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.
Odette
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Profit (loss) carried forward +€4,738
up €4,738 (+52.4%), from -€9,039 to -€4,301
- Debts after one year -€4,456
down €4,456 (-1.5%), from €299,757 to €295,301
of which Financial debts: -€7,049
- Gross operating margin +€675
up €675 (+7.5%), from €9,049 to €9,724
- Other operating charges -€355
down €355 (-12.0%), from €2,956 to €2,601
- Financial charges -€334
down €334 (-19.7%), from €1,697 to €1,363
- Depreciation +€109
up €109 (+11.9%), from €913 to €1,022
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.
Derived cash bridge
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 | €321,724 | €323,163 | +€1,439 | +0.4% |
| Fixed assets | 21/28 | €320,268 | €320,082 | -€186 | -0.1% |
| Tangible fixed assets | 22/27 | €320,268 | €320,082 | -€186 | -0.1% |
| Land and buildings | 22 | €320,003 | €319,908 | -€95 | 0.0% |
| Plant, machinery and equipment | 23 | €265 | €174 | -€91 | -34.3% |
| Current assets | 29/58 | €1,456 | €3,081 | +€1,625 | +112% |
| Cash at bank and in hand | 54/58 | €1,072 | €2,697 | +€1,625 | +152% |
| Deferred charges and accrued income | 490/1 | €384 | €384 | = | 0.0% |
| Total equity and liabilities | 10/49 | €321,724 | €323,163 | +€1,439 | +0.4% |
| Equity | 10/15 | €10,961 | €15,699 | +€4,738 | +43.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,039 | -€4,301 | +€4,738 | +52.4% |
| Amounts payable | 17/49 | €310,763 | €307,464 | -€3,299 | -1.1% |
| Amounts payable after more than one year | 17 | €299,757 | €295,301 | -€4,456 | -1.5% |
| Financial debts | 170/4 | €78,545 | €71,496 | -€7,049 | -9.0% |
| Other amounts payable | 178/9 | €221,212 | €223,805 | +€2,593 | +1.2% |
| Amounts payable within one year | 42/48 | €11,006 | €12,163 | +€1,157 | +10.5% |
| Current portion of amounts payable after more than one year | 42 | €6,938 | €7,050 | +€112 | +1.6% |
| Trade debts | 44 | €1,815 | €1,815 | = | 0.0% |
| Suppliers | 440/4 | €1,815 | €1,815 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €715 | €360 | -€355 | -49.7% |
| Taxes | 450/3 | €715 | €360 | -€355 | -49.7% |
| Other amounts payable | 47/48 | €1,538 | €2,938 | +€1,400 | +91.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €913 | €1,022 | +€109 | +11.9% |
| Other operating charges | 640/8 | €2,956 | €2,601 | -€355 | -12.0% |
| Gross operating margin | 9900 | €9,049 | €9,724 | +€675 | +7.5% |
| Operating profit (loss) | 9901 | €5,180 | €6,101 | +€921 | +17.8% |
| Financial charges | 65/66B | €1,697 | €1,363 | -€334 | -19.7% |
| Recurring financial charges | 65 | €1,697 | €1,363 | -€334 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €3,483 | €4,738 | +€1,255 | +36.0% |
| Profit (loss) for the period | 9904 | €3,483 | €4,738 | +€1,255 | +36.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,483 | €4,738 | +€1,255 | +36.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.