Yep, sounds like you'll have to dig into it a bit to see if a gear is stripped, or if you have a problem like Heus'.
At least you know the cable is spinning, and that the speedo is free and not jammed up. But the odometer is mechanically driven from the cable. The speedometer needle is magnetically spun by the cable and not directly connected.
It's not difficult to pull one apart at least, so pop it out and see what you can see. Good time to replace the bulbs, check the connections and the output of the IVR, and add a good ground from one of the screws to the dash or body directly.
See? You knew there was a good reason to get all limbered up for some under-dash action!
Just kidding. You don't even have to stand on your head sideways to get the instrument cluster out. It's one of the few dash projects you can actually still do from a semi-normal position.
Paul