GE'OLIVE: 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.
GE'OLIVE
Largest movements
- Cash +€693,229
up €693,229 (+409%), from €169,333 to €862,563
mainly Current investments (+€400,000) and Net result for the year (+€394,163)
- Current investments -€400,000
down €400,000 (-93.1%), from €429,790 to €29,790
- Receivables within one year +€99,030
up €99,030 (+20.8%), from €475,005 to €574,035
of which Other amounts receivable: +€51,252
- Tangible fixed assets -€45,255
down €45,255 (-4.7%), from €967,079 to €921,824
of which Land and buildings: -€39,534
- Other debts +€233,406
up €233,406 (+801%), from €29,148 to €262,554
- Reserves +€95,077
up €95,077 (+7.2%), from €1.3m to €1.4m
- Tax, wage and social debts +€67,901
up €67,901 (+115%), from €59,265 to €127,166
of which Taxes: +€57,901
- Debts after one year -€57,245
down €57,245 (-18.2%), from €315,216 to €257,971
- Gross operating margin +€81,073
up €81,073 (+10.0%), from €809,265 to €890,338
- Other operating charges -€60,835
down €60,835 (-85.0%), from €71,553 to €10,718
- Staff costs +€37,637
up €37,637 (+19.5%), from €193,353 to €230,990
- Taxes +€30,635
up €30,635 (+20.6%), from €148,747 to €179,381
- Depreciation +€11,682
up €11,682 (+14.9%), from €78,647 to €90,329
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 | €2,207,560 | €2,584,517 | +€376,957 | +17.1% |
| Fixed assets | 21/28 | €1,017,129 | €971,874 | -€45,255 | -4.4% |
| Tangible fixed assets | 22/27 | €967,079 | €921,824 | -€45,255 | -4.7% |
| Land and buildings | 22 | €801,249 | €761,715 | -€39,534 | -4.9% |
| Plant, machinery and equipment | 23 | €37,601 | €28,863 | -€8,738 | -23.2% |
| Furniture and vehicles | 24 | €128,229 | €131,246 | +€3,017 | +2.4% |
| Financial fixed assets | 28 | €50,050 | €50,050 | = | 0.0% |
| Current assets | 29/58 | €1,190,431 | €1,612,643 | +€422,212 | +35.5% |
| Stocks and contracts in progress | 3 | €103,437 | €123,965 | +€20,528 | +19.8% |
| Stocks | 30/36 | €103,437 | €123,965 | +€20,528 | +19.8% |
| Amounts receivable within one year | 40/41 | €475,005 | €574,035 | +€99,030 | +20.8% |
| Trade receivables | 40 | €110,407 | €158,185 | +€47,778 | +43.3% |
| Other amounts receivable | 41 | €364,598 | €415,850 | +€51,252 | +14.1% |
| Current investments | 50/53 | €429,790 | €29,790 | -€400,000 | -93.1% |
| Cash at bank and in hand | 54/58 | €169,333 | €862,563 | +€693,229 | +409% |
| Deferred charges and accrued income | 490/1 | €12,865 | €22,291 | +€9,425 | +73.3% |
| Total equity and liabilities | 10/49 | €2,207,560 | €2,584,517 | +€376,957 | +17.1% |
| Equity | 10/15 | €1,561,353 | €1,655,780 | +€94,427 | +6.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €1,312,302 | €1,407,379 | +€95,077 | +7.2% |
| Distributable reserves | 133 | €1,312,302 | €1,407,379 | +€95,077 | +7.2% |
| Profit (loss) carried forward | 14 | €202,963 | €202,963 | = | 0.0% |
| Investment grants | 15 | €21,088 | €20,437 | -€650 | -3.1% |
| Amounts payable | 17/49 | €646,207 | €928,737 | +€282,530 | +43.7% |
| Amounts payable after more than one year | 17 | €315,216 | €257,971 | -€57,245 | -18.2% |
| Financial debts | 170/4 | €315,216 | €257,971 | -€57,245 | -18.2% |
| Amounts payable within one year | 42/48 | €328,248 | €666,441 | +€338,192 | +103% |
| Current portion of amounts payable after more than one year | 42 | €55,315 | €57,245 | +€1,930 | +3.5% |
| Trade debts | 44 | €64,213 | €74,077 | +€9,864 | +15.4% |
| Suppliers | 440/4 | €64,213 | €74,077 | +€9,864 | +15.4% |
| Advances received on contracts in progress | 46 | €120,307 | €145,399 | +€25,092 | +20.9% |
| Taxes, remuneration and social security | 45 | €59,265 | €127,166 | +€67,901 | +115% |
| Taxes | 450/3 | €51,446 | €109,348 | +€57,901 | +113% |
| Remuneration and social security | 454/9 | €7,819 | €17,818 | +€9,999 | +128% |
| Other amounts payable | 47/48 | €29,148 | €262,554 | +€233,406 | +801% |
| Accrued charges and deferred income | 492/3 | €2,742 | €4,325 | +€1,583 | +57.7% |
| Non-recurring operating income | 76A | €0 | €14,920 | +€14,920 | |
| Remuneration, social security and pensions | 62 | €193,353 | €230,990 | +€37,637 | +19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,647 | €90,329 | +€11,682 | +14.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €247 | €0 | -€247 | -100% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €71,553 | €10,718 | -€60,835 | -85.0% |
| Non-recurring operating charges | 66A | €63 | €346 | +€283 | +449% |
| Gross operating margin | 9900 | €809,265 | €890,338 | +€81,073 | +10.0% |
| Operating profit (loss) | 9901 | €465,402 | €557,955 | +€92,553 | +19.9% |
| Financial income | 75/76B | €35,694 | €34,208 | -€1,486 | -4.2% |
| Recurring financial income | 75 | €35,694 | €34,208 | -€1,486 | -4.2% |
| Financial charges | 65/66B | €21,084 | €18,618 | -€2,466 | -11.7% |
| Recurring financial charges | 65 | €21,084 | €18,618 | -€2,466 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €480,012 | €573,544 | +€93,532 | +19.5% |
| Income taxes | 67/77 | €148,747 | €179,381 | +€30,635 | +20.6% |
| Profit (loss) for the period | 9904 | €331,265 | €394,163 | +€62,898 | +19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €331,265 | €394,163 | +€62,898 | +19.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.