DR. OLAWAIYE: 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.
DR. OLAWAIYE
Largest movements
- Receivables within one year +€49,309
up €49,309 (+339%), from €14,562 to €63,870
of which Other amounts receivable: +€43,754
- Cash -€44,959
down €44,959 (-42.2%), from €106,470 to €61,511
mainly Receivables within one year (-€49,309) and Investment in fixed assets (net) (-€45,080)
- Tangible fixed assets +€30,863
up €30,863 (+14.8%), from €208,781 to €239,644
- Deferred charges and accrued income -€7,121
down €7,121 (-9.4%), from €75,582 to €68,461
- Reserves +€47,435
up €47,435 (+49.8%), from €95,244 to €142,679
- Debts after one year -€14,603
down €14,603 (-5.7%), from €256,768 to €242,165
- Contributions -€11,900
down €11,900 (-96.0%), from €12,400 to €500
- Tax, wage and social debts +€10,853
up €10,853 (+56.9%), from €19,057 to €29,910
of which Taxes: +€13,103
- Other debts -€7,159
no longer reported in 2025 (was €7,159)
- Turnover -€180,788
no longer reported in 2025 (was €180,788)
- Gross operating margin +€71,154
up €71,154 (+150%), from €47,465 to €118,619
- Taxes +€31,300
up €31,300 (+458%), from €6,840 to €38,140
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 | €405,895 | €433,987 | +€28,092 | +6.9% |
| Fixed assets | 21/28 | €209,281 | €240,144 | +€30,863 | +14.7% |
| Tangible fixed assets | 22/27 | €208,781 | €239,644 | +€30,863 | +14.8% |
| Land and buildings | 22 | €208,781 | €239,644 | +€30,863 | +14.8% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €196,614 | €193,842 | -€2,771 | -1.4% |
| Amounts receivable within one year | 40/41 | €14,562 | €63,870 | +€49,309 | +339% |
| Trade receivables | 40 | €14,562 | €20,116 | +€5,555 | +38.1% |
| Other amounts receivable | 41 | - | €43,754 | +€43,754 | |
| Cash at bank and in hand | 54/58 | €106,470 | €61,511 | -€44,959 | -42.2% |
| Deferred charges and accrued income | 490/1 | €75,582 | €68,461 | -€7,121 | -9.4% |
| Total equity and liabilities | 10/49 | €405,895 | €433,987 | +€28,092 | +6.9% |
| Equity | 10/15 | €107,644 | €143,179 | +€35,535 | +33.0% |
| Contributions | 10/11 | €12,400 | €500 | -€11,900 | -96.0% |
| Reserves | 13 | €95,244 | €142,679 | +€47,435 | +49.8% |
| Distributable reserves | 133 | €95,244 | €142,679 | +€47,435 | +49.8% |
| Amounts payable | 17/49 | €298,251 | €290,808 | -€7,443 | -2.5% |
| Amounts payable after more than one year | 17 | €256,768 | €242,165 | -€14,603 | -5.7% |
| Financial debts | 170/4 | €256,768 | €242,165 | -€14,603 | -5.7% |
| Amounts payable within one year | 42/48 | €41,483 | €48,472 | +€6,989 | +16.8% |
| Current portion of amounts payable after more than one year | 42 | €14,603 | €14,603 | = | 0.0% |
| Trade debts | 44 | €663 | €3,959 | +€3,296 | +497% |
| Suppliers | 440/4 | €663 | €3,959 | +€3,296 | +497% |
| Taxes, remuneration and social security | 45 | €19,057 | €29,910 | +€10,853 | +56.9% |
| Taxes | 450/3 | €16,807 | €29,910 | +€13,103 | +78.0% |
| Remuneration and social security | 454/9 | €2,250 | - | -€2,250 | |
| Other amounts payable | 47/48 | €7,159 | - | -€7,159 | |
| Accrued charges and deferred income | 492/3 | - | €171 | +€171 | |
| Turnover | 70 | €180,788 | - | -€180,788 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,857 | €14,217 | +€1,360 | +10.6% |
| Other operating charges | 640/8 | €1,876 | €1,892 | +€16 | +0.9% |
| Gross operating margin | 9900 | €47,465 | €118,619 | +€71,154 | +150% |
| Operating profit (loss) | 9901 | €32,733 | €102,510 | +€69,778 | +213% |
| Financial income | 75/76B | €101 | €978 | +€877 | +871% |
| Recurring financial income | 75 | €101 | €978 | +€877 | +871% |
| Financial charges | 65/66B | €8,053 | €7,914 | -€139 | -1.7% |
| Recurring financial charges | 65 | €8,053 | €7,914 | -€139 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €24,780 | €95,574 | +€70,794 | +286% |
| Income taxes | 67/77 | €6,840 | €38,140 | +€31,300 | +458% |
| Profit (loss) for the period | 9904 | €17,941 | €57,435 | +€39,494 | +220% |
| Profit (loss) for the period to be appropriated | 9905 | €17,941 | €57,435 | +€39,494 | +220% |
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 29 October 2026 via checked.be.