FLORENT OLIVIER: 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.
FLORENT OLIVIER
Largest movements
- Cash +€33,524
up €33,524 (+33.5%), from €100,112 to €133,635
mainly Net result for the year (+€47,938) and Other debts (+€25,000)
- Deferred charges and accrued income +€3,985
up €3,985 (+231%), from €1,727 to €5,712
- Other debts +€25,000
up €25,000 (+167%), from €15,000 to €40,000
- Tax, wage and social debts +€16,815
up €16,815 (+215%), from €7,810 to €24,625
of which Taxes: +€9,917
- Debts after one year -€8,987
down €8,987 (-9.2%), from €97,991 to €89,004
- Current portion of long-term debt +€4,435
up €4,435 (+19.7%), from €22,498 to €26,933
- Turnover -€263,819
no longer reported in 2025 (was €263,819)
- Purchases and services -€139,826
no longer reported in 2025 (was €139,826)
- Gross operating margin +€49,551
up €49,551 (+40.0%), from €123,993 to €173,544
- Staff costs +€37,262
up €37,262 (+67.2%), from €55,465 to €92,727
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 | €231,393 | €269,367 | +€37,974 | +16.4% |
| Fixed assets | 21/28 | €121,696 | €120,654 | -€1,042 | -0.9% |
| Tangible fixed assets | 22/27 | €119,101 | €118,060 | -€1,042 | -0.9% |
| Land and buildings | 22 | €77,259 | €72,843 | -€4,416 | -5.7% |
| Plant, machinery and equipment | 23 | €17,841 | €10,361 | -€7,479 | -41.9% |
| Furniture and vehicles | 24 | €24,002 | €34,856 | +€10,854 | +45.2% |
| Financial fixed assets | 28 | €2,594 | €2,594 | = | 0.0% |
| Current assets | 29/58 | €109,697 | €148,713 | +€39,016 | +35.6% |
| Amounts receivable within one year | 40/41 | €7,858 | €9,366 | +€1,508 | +19.2% |
| Other amounts receivable | 41 | €7,858 | €9,366 | +€1,508 | +19.2% |
| Cash at bank and in hand | 54/58 | €100,112 | €133,635 | +€33,524 | +33.5% |
| Deferred charges and accrued income | 490/1 | €1,727 | €5,712 | +€3,985 | +231% |
| Total equity and liabilities | 10/49 | €231,393 | €269,367 | +€37,974 | +16.4% |
| Equity | 10/15 | €84,364 | €85,243 | +€879 | +1.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Capital | 10 | €4,000 | - | -€4,000 | |
| Issued capital | 100 | €4,000 | - | -€4,000 | |
| Reserves | 13 | €54,000 | €54,000 | = | 0.0% |
| Distributable reserves | 133 | €54,000 | €54,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,364 | €27,243 | +€879 | +3.3% |
| Amounts payable | 17/49 | €147,029 | €184,124 | +€37,095 | +25.2% |
| Amounts payable after more than one year | 17 | €97,991 | €89,004 | -€8,987 | -9.2% |
| Financial debts | 170/4 | €97,991 | €89,004 | -€8,987 | -9.2% |
| Amounts payable within one year | 42/48 | €49,038 | €95,120 | +€46,082 | +94.0% |
| Current portion of amounts payable after more than one year | 42 | €22,498 | €26,933 | +€4,435 | +19.7% |
| Trade debts | 44 | €3,730 | €3,562 | -€168 | -4.5% |
| Suppliers | 440/4 | €3,730 | €3,562 | -€168 | -4.5% |
| Taxes, remuneration and social security | 45 | €7,810 | €24,625 | +€16,815 | +215% |
| Taxes | 450/3 | €3,750 | €13,667 | +€9,917 | +264% |
| Remuneration and social security | 454/9 | €4,060 | €10,958 | +€6,898 | +170% |
| Other amounts payable | 47/48 | €15,000 | €40,000 | +€25,000 | +167% |
| Turnover | 70 | €263,819 | - | -€263,819 | |
| Goods, raw materials, services and sundry goods | 60/61 | €139,826 | - | -€139,826 | |
| Remuneration, social security and pensions | 62 | €55,465 | €92,727 | +€37,262 | +67.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,824 | €17,856 | -€968 | -5.1% |
| Other operating charges | 640/8 | €1,930 | €1,997 | +€67 | +3.5% |
| Gross operating margin | 9900 | €123,993 | €173,544 | +€49,551 | +40.0% |
| Operating profit (loss) | 9901 | €47,773 | €60,963 | +€13,190 | +27.6% |
| Financial charges | 65/66B | €4,992 | €6,121 | +€1,129 | +22.6% |
| Recurring financial charges | 65 | €4,992 | €6,121 | +€1,129 | +22.6% |
| Profit (loss) for the period before taxes | 9903 | €42,781 | €54,842 | +€12,061 | +28.2% |
| Income taxes | 67/77 | €4,750 | €6,904 | +€2,155 | +45.4% |
| Profit (loss) for the period | 9904 | €38,031 | €47,938 | +€9,907 | +26.0% |
| Profit (loss) for the period to be appropriated | 9905 | €38,031 | €47,938 | +€9,907 | +26.0% |
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 27 October 2026 via checked.be.