DE OLIFANT: 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.
What changed
DE OLIFANT
NACE 46.831, Wholesale of construction materials, general range
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.4m
2024 · €1.2m+€131,260
Equity
€7.8m
2024 · €7.2m+€617,341
Cash
€1.2m
2024 · €654,275+€551,902
Balance sheet total
€13.1m
2024 · €13.0m+€95,567
Largest movements
Assets
- Stocks and contracts -€704,722
down €704,722 (-15.4%), from €4.6m to €3.9m
- Cash +€551,902
up €551,902 (+84.4%), from €654,275 to €1.2m
mainly Net result for the year (+€1.4m) and Stocks and contracts (+€704,722)
- Receivables after one year +€150,000
up €150,000 (+71.6%), from €209,500 to €359,500
Equity and liabilities
- Trade debts -€1.0m
down €1.0m (-39.5%), from €2.6m to €1.6m
- Reserves +€617,341
up €617,341 (+9.4%), from €6.6m to €7.2m
of which Distributable reserves: +€617,341
- Other debts +€150,000
up €150,000 (+25.0%), from €600,000 to €750,000
Income statement
- Turnover +€922,300
up €922,300 (+3.9%), from €23.5m to €24.4m
- Goods and materials +€829,994
up €829,994 (+5.2%), from €15.9m to €16.7m
of which Change in stocks: decrease (increase): +€943,126
- Write-downs -€251,572
down €251,572, from €80,663 to -€170,909
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.
Result 2024
€1.2m
Turnover
+€922,300
Other operating income
-€3,400
Goods and materials
-€829,994
Services and other goods
-€28,041
Staff costs
-€16,168
Depreciation
-€74,317
Write-downs
+€251,572
Other operating charges
-€74,461
Other operating items
+€12,483
Financial income
+€67,505
Financial charges
-€40,781
Taxes
-€55,439
Result 2025
€1.4m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.5m
Investment
-€465,019
Financing
-€522,171
Cash 2024
€654,275
From operations (derived)
+€1.5m
Net result for the year
+€1.4m
Depreciation
+€409,761
Receivables after one year
-€150,000
Stocks and contracts
+€704,722
Receivables within one year
-€48,802
Deferred charges and accrued income
+€5,672
Trade debts
-€1.0m
Tax, wage and social debts
+€93,665
Other debts
+€150,000
Accrued charges and deferred income
+€22,853
Investment (derived)
-€465,019
Investment in fixed assets (net)
-€465,019
Financing
-€522,171
Debts after one year
+€22,426
Current portion of long-term debt
+€88,681
Short-term financial debts
+€116,721
Contributions, distributions and other
-€750,000
Cash 2025
€1.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,022,927 | €13,118,494 | +€95,567 | +0.7% |
| Fixed assets | 21/28 | €2,642,779 | €2,698,037 | +€55,258 | +2.1% |
| Intangible fixed assets | 21 | €121,206 | €90,904 | -€30,301 | -25.0% |
| Tangible fixed assets | 22/27 | €2,521,289 | €2,606,714 | +€85,424 | +3.4% |
| Land and buildings | 22 | €2,120,977 | €1,951,723 | -€169,253 | -8.0% |
| Plant, machinery and equipment | 23 | €288,878 | €296,028 | +€7,150 | +2.5% |
| Furniture and vehicles | 24 | €48,314 | €232,935 | +€184,621 | +382% |
| Leasing and similar rights | 25 | - | €70,124 | +€70,124 | |
| Other tangible fixed assets | 26 | €63,120 | €55,903 | -€7,218 | -11.4% |
| Financial fixed assets | 28 | €284 | €419 | +€135 | +47.5% |
| Other financial fixed assets | 284/8 | €284 | €419 | +€135 | +47.5% |
| Amounts receivable and cash guarantees | 285/8 | €284 | €419 | +€135 | +47.5% |
| Current assets | 29/58 | €10,380,148 | €10,420,457 | +€40,309 | +0.4% |
| Amounts receivable after more than one year | 29 | €209,500 | €359,500 | +€150,000 | +71.6% |
| Other amounts receivable | 291 | €209,500 | €359,500 | +€150,000 | +71.6% |
| Stocks and contracts in progress | 3 | €4,575,767 | €3,871,044 | -€704,722 | -15.4% |
| Stocks | 30/36 | €4,575,767 | €3,871,044 | -€704,722 | -15.4% |
| Goods purchased for resale | 34 | €4,575,767 | €3,871,044 | -€704,722 | -15.4% |
| Amounts receivable within one year | 40/41 | €4,548,852 | €4,597,653 | +€48,802 | +1.1% |
| Trade receivables | 40 | €4,477,878 | €4,573,593 | +€95,715 | +2.1% |
| Other amounts receivable | 41 | €70,974 | €24,060 | -€46,913 | -66.1% |
| Current investments | 50/53 | €250,000 | €250,000 | = | 0.0% |
| Other investments | 51/53 | €250,000 | €250,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €654,275 | €1,206,176 | +€551,902 | +84.4% |
| Deferred charges and accrued income | 490/1 | €141,755 | €136,083 | -€5,672 | -4.0% |
| Total equity and liabilities | 10/49 | €13,022,927 | €13,118,494 | +€95,567 | +0.7% |
| Equity | 10/15 | €7,224,915 | €7,842,256 | +€617,341 | +8.5% |
| Contributions | 10/11 | €659,000 | €659,000 | = | 0.0% |
| Reserves | 13 | €6,565,915 | €7,183,256 | +€617,341 | +9.4% |
| Non-distributable reserves | 130/1 | €65,900 | €65,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €65,900 | €65,900 | = | 0.0% |
| Distributable reserves | 133 | €6,500,015 | €7,117,356 | +€617,341 | +9.5% |
| Amounts payable | 17/49 | €5,798,012 | €5,276,238 | -€521,774 | -9.0% |
| Amounts payable after more than one year | 17 | €1,801,364 | €1,823,791 | +€22,426 | +1.2% |
| Financial debts | 170/4 | €1,801,364 | €1,823,791 | +€22,426 | +1.2% |
| Leasing and similar obligations | 172 | - | €54,720 | +€54,720 | |
| Credit institutions | 173 | €1,801,364 | €1,769,071 | -€32,294 | -1.8% |
| Amounts payable within one year | 42/48 | €3,970,007 | €3,402,953 | -€567,054 | -14.3% |
| Current portion of amounts payable after more than one year | 42 | €293,387 | €382,068 | +€88,681 | +30.2% |
| Financial debts | 43 | €209,101 | €325,823 | +€116,721 | +55.8% |
| Credit institutions | 430/8 | €209,101 | €325,823 | +€116,721 | +55.8% |
| Trade debts | 44 | €2,572,235 | €1,556,113 | -€1.0m | -39.5% |
| Suppliers | 440/4 | €2,572,235 | €1,556,113 | -€1.0m | -39.5% |
| Taxes, remuneration and social security | 45 | €295,285 | €388,950 | +€93,665 | +31.7% |
| Taxes | 450/3 | €74,727 | €161,852 | +€87,125 | +117% |
| Remuneration and social security | 454/9 | €220,557 | €227,098 | +€6,541 | +3.0% |
| Other amounts payable | 47/48 | €600,000 | €750,000 | +€150,000 | +25.0% |
| Accrued charges and deferred income | 492/3 | €26,641 | €49,494 | +€22,853 | +85.8% |
| Operating income | 70/76A | €23,579,979 | €24,511,363 | +€931,383 | +3.9% |
| Turnover | 70 | €23,490,979 | €24,413,279 | +€922,300 | +3.9% |
| Other operating income | 74 | €88,504 | €85,104 | -€3,400 | -3.8% |
| Non-recurring operating income | 76A | €496 | €12,979 | +€12,483 | +2,517% |
| Operating charges | 60/66A | €21,952,698 | €22,724,107 | +€771,409 | +3.5% |
| Goods for resale, raw materials and consumables | 60 | €15,906,381 | €16,736,375 | +€829,994 | +5.2% |
| Purchases | 600/8 | €16,017,409 | €15,904,277 | -€113,132 | -0.7% |
| Change in stocks: decrease (increase) | 609 | -€111,028 | €832,098 | +€943,126 | |
| Services and other goods | 61 | €3,285,503 | €3,313,545 | +€28,041 | +0.9% |
| Remuneration, social security and pensions | 62 | €2,306,933 | €2,323,100 | +€16,168 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €335,445 | €409,761 | +€74,317 | +22.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €80,663 | -€170,909 | -€251,572 | |
| Other operating charges | 640/8 | €37,774 | €112,234 | +€74,461 | +197% |
| Operating profit (loss) | 9901 | €1,627,281 | €1,787,256 | +€159,975 | +9.8% |
| Financial income | 75/76B | €199,708 | €267,214 | +€67,505 | +33.8% |
| Recurring financial income | 75 | €199,708 | €267,214 | +€67,505 | +33.8% |
| Income from current assets | 751 | €8,978 | €8,978 | = | 0.0% |
| Other financial income | 752/9 | €190,731 | €258,236 | +€67,505 | +35.4% |
| Financial charges | 65/66B | €155,529 | €196,311 | +€40,781 | +26.2% |
| Recurring financial charges | 65 | €154,277 | €196,311 | +€42,034 | +27.2% |
| Debt charges | 650 | €63,718 | €68,384 | +€4,666 | +7.3% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €0 | - | = | |
| Other financial charges | 652/9 | €90,559 | €127,927 | +€37,368 | +41.3% |
| Non-recurring financial charges | 66B | €1,253 | €0 | -€1,253 | -100% |
| Profit (loss) for the period before taxes | 9903 | €1,671,460 | €1,858,159 | +€186,699 | +11.2% |
| Income taxes | 67/77 | €435,379 | €490,818 | +€55,439 | +12.7% |
| Taxes | 670/3 | €435,433 | €490,818 | +€55,384 | +12.7% |
| Tax adjustments and reversals of tax provisions | 77 | €55 | €0 | -€55 | -100% |
| Profit (loss) for the period | 9904 | €1,236,081 | €1,367,341 | +€131,260 | +10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,236,081 | €1,367,341 | +€131,260 | +10.6% |
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 20 October 2026 via checked.be.