Express Olmen: what changed
Two fiscal 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.
Express Olmen
Largest movements
- Receivables within one year +€59,226
up €59,226 (+102.4%), from €57,866 to €117,092
of which Other amounts receivable: +€99,336
- Tangible fixed assets -€51,126
down €51,126 (-33.6%), from €151,945 to €100,819
of which Other tangible fixed assets: -€49,049
- Stocks and contracts -€7,352
down €7,352 (-10.3%), from €71,334 to €63,981
- Cash +€4,883
up €4,883 (+6.1%), from €80,641 to €85,524
mainly Trade debts (+€167,650) and Depreciation (+€51,126)
- Trade debts +€167,650
up €167,650 (+85.2%), from €196,696 to €364,346
- Profit (loss) carried forward -€108,864
down €108,864 (-161.4%), from -€67,430 to -€176,295
- Debts after one year -€40,907
down €40,907 (-43.9%), from €93,170 to €52,263
- Other debts -€13,805
down €13,805 (-81.1%), from €17,016 to €3,211
- Gross operating margin -€70,055
down €70,055 (-66.5%), from €105,272 to €35,216
- Staff costs +€8,557
up €8,557 (+12.7%), from €67,408 to €75,965
- Financial charges +€5,168
up €5,168 (+38.1%), from €13,547 to €18,714
- Financial income +€2,197
up €2,197 (+673.2%), from €326 to €2,523
of which Financial income: +€2,498
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.
Cash bridge derived
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 | €367,101 | €372,736 | +€5,635 | +1.5% |
| Fixed assets | 21/28 | €157,138 | €106,012 | -€51,126 | -32.5% |
| Tangible fixed assets | 22/27 | €151,945 | €100,819 | -€51,126 | -33.6% |
| Plant, machinery and equipment | 23 | €2,569 | €1,999 | -€570 | -22.2% |
| Furniture and vehicles | 24 | €3,224 | €1,716 | -€1,508 | -46.8% |
| Other tangible fixed assets | 26 | €146,152 | €97,104 | -€49,049 | -33.6% |
| Financial fixed assets | 28 | €5,194 | €5,194 | = | 0.0% |
| Current assets | 29/58 | €209,963 | €266,724 | +€56,761 | +27.0% |
| Stocks and contracts in progress | 3 | €71,334 | €63,981 | -€7,352 | -10.3% |
| Stocks | 30/36 | €71,334 | €63,981 | -€7,352 | -10.3% |
| Amounts receivable within one year | 40/41 | €57,866 | €117,092 | +€59,226 | +102.4% |
| Trade receivables | 40 | €42,719 | €2,608 | -€40,110 | -93.9% |
| Other amounts receivable | 41 | €15,147 | €114,483 | +€99,336 | +655.8% |
| Cash at bank and in hand | 54/58 | €80,641 | €85,524 | +€4,883 | +6.1% |
| Deferred charges and accrued income | 490/1 | €122 | €126 | +€4 | +3.2% |
| Total equity and liabilities | 10/49 | €367,101 | €372,736 | +€5,635 | +1.5% |
| Equity | 10/15 | €11,570 | -€97,295 | -€108,864 | |
| Contributions | 10/11 | €79,000 | €79,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,430 | -€176,295 | -€108,864 | -161.4% |
| Amounts payable | 17/49 | €355,532 | €470,031 | +€114,499 | +32.2% |
| Amounts payable after more than one year | 17 | €93,170 | €52,263 | -€40,907 | -43.9% |
| Financial debts | 170/4 | €93,170 | €52,263 | -€40,907 | -43.9% |
| Amounts payable within one year | 42/48 | €262,362 | €417,768 | +€155,407 | +59.2% |
| Current portion of amounts payable after more than one year | 42 | €40,121 | €40,907 | +€786 | +2.0% |
| Trade debts | 44 | €196,696 | €364,346 | +€167,650 | +85.2% |
| Suppliers | 440/4 | €196,696 | €364,346 | +€167,650 | +85.2% |
| Taxes, remuneration and social security | 45 | €8,528 | €9,304 | +€776 | +9.1% |
| Taxes | 450/3 | €974 | €0 | -€974 | -100.0% |
| Remuneration and social security | 454/9 | €7,555 | €9,304 | +€1,749 | +23.2% |
| Other amounts payable | 47/48 | €17,016 | €3,211 | -€13,805 | -81.1% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €67,408 | €75,965 | +€8,557 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,056 | €51,126 | +€70 | +0.1% |
| Other operating charges | 640/8 | €400 | €798 | +€398 | +99.4% |
| Non-recurring operating charges | 66A | €962 | €0 | -€962 | -100.0% |
| Gross operating margin | 9900 | €105,272 | €35,216 | -€70,055 | -66.5% |
| Operating profit (loss) | 9901 | -€14,555 | -€92,673 | -€78,118 | -536.7% |
| Financial income | 75/76B | €326 | €2,523 | +€2,197 | +673.2% |
| Recurring financial income | 75 | €25 | €2,523 | +€2,498 | +9857.4% |
| Non-recurring financial income | 76B | €301 | - | -€301 | |
| Financial charges | 65/66B | €13,547 | €18,714 | +€5,168 | +38.1% |
| Recurring financial charges | 65 | €13,547 | €18,714 | +€5,168 | +38.1% |
| Profit (loss) for the period before taxes | 9903 | -€27,775 | -€108,864 | -€81,089 | -292.0% |
| Profit (loss) for the period | 9904 | -€27,775 | -€108,864 | -€81,089 | -292.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,775 | -€108,864 | -€81,089 | -292.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.