IMMO OLAERTS: 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
IMMO OLAERTS
NACE 82.990, Other business support services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€303,727
2024 · €435,952-€132,225
Equity
€5.6m
2024 · €5.3m+€303,727
Cash
€2.4m
2024 · €2.4m+€35,841
Balance sheet total
€6.1m
2024 · €6.0m+€58,735
Largest movements
Assets
- Receivables within one year +€199,226
up €199,226 (+99.4%), from €200,450 to €399,676
of which Other amounts receivable: +€199,676
- Tangible fixed assets -€124,316
down €124,316 (-3.7%), from €3.3m to €3.2m
Equity and liabilities
- Reserves +€303,727
up €303,727 (+7.8%), from €3.9m to €4.2m
of which Distributable reserves: +€153,584
- Other debts -€85,736
down €85,736 (-46.9%), from €182,898 to €97,162
Income statement
- Gross operating margin -€165,450
down €165,450 (-23.4%), from €707,947 to €542,496
- Taxes -€28,641
down €28,641 (-20.6%), from €139,326 to €110,685
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
€435,952
Gross operating margin
-€165,450
Depreciation
-€73
Other operating charges
-€622
Financial income
-€521
Financial charges
+€5,800
Taxes
+€28,641
Result 2025
€303,727
raises the resultlowers the result
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
+€83,177
Investment
-€1,336
Financing
-€46,000
Cash 2024
€2.4m
From operations (derived)
+€83,177
Net result for the year
+€303,727
Depreciation
+€125,651
Receivables within one year
-€199,226
Deferred charges and accrued income
+€52,016
Provisions
-€12,238
Trade debts
-€44,379
Tax, wage and social debts
-€51,905
Other debts
-€85,736
Accrued charges and deferred income
-€4,734
Investment (derived)
-€1,336
Investment in fixed assets (net)
-€1,336
Financing
-€46,000
Debts after one year
-€46,000
Cash 2025
€2.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,993,898 | €6,052,633 | +€58,735 | +1.0% |
| Fixed assets | 21/28 | €3,334,677 | €3,210,361 | -€124,316 | -3.7% |
| Tangible fixed assets | 22/27 | €3,334,677 | €3,210,361 | -€124,316 | -3.7% |
| Land and buildings | 22 | €3,334,677 | €3,210,361 | -€124,316 | -3.7% |
| Current assets | 29/58 | €2,659,221 | €2,842,272 | +€183,051 | +6.9% |
| Amounts receivable within one year | 40/41 | €200,450 | €399,676 | +€199,226 | +99.4% |
| Trade receivables | 40 | €450 | - | -€450 | |
| Other amounts receivable | 41 | €200,000 | €399,676 | +€199,676 | +99.8% |
| Cash at bank and in hand | 54/58 | €2,402,116 | €2,437,957 | +€35,841 | +1.5% |
| Deferred charges and accrued income | 490/1 | €56,655 | €4,639 | -€52,016 | -91.8% |
| Total equity and liabilities | 10/49 | €5,993,898 | €6,052,633 | +€58,735 | +1.0% |
| Equity | 10/15 | €5,324,753 | €5,628,480 | +€303,727 | +5.7% |
| Contributions | 10/11 | €1,435,000 | €1,435,000 | = | 0.0% |
| Capital | 10 | €1,435,000 | €1,435,000 | = | 0.0% |
| Issued capital | 100 | €1,435,000 | €1,435,000 | = | 0.0% |
| Reserves | 13 | €3,889,753 | €4,193,480 | +€303,727 | +7.8% |
| Non-distributable reserves | 130/1 | €82,021 | €98,959 | +€16,938 | +20.7% |
| Legal reserve | 130 | €82,021 | €98,959 | +€16,938 | +20.7% |
| Tax-exempt reserves | 132 | €153,636 | €286,840 | +€133,204 | +86.7% |
| Distributable reserves | 133 | €3,654,097 | €3,807,681 | +€153,584 | +4.2% |
| Provisions and deferred taxes | 16 | €51,212 | €38,974 | -€12,238 | -23.9% |
| Deferred taxes | 168 | €51,212 | €38,974 | -€12,238 | -23.9% |
| Amounts payable | 17/49 | €617,933 | €385,179 | -€232,754 | -37.7% |
| Amounts payable after more than one year | 17 | €245,551 | €199,551 | -€46,000 | -18.7% |
| Financial debts | 170/4 | €237,666 | €191,666 | -€46,000 | -19.4% |
| Other amounts payable | 178/9 | €7,885 | €7,885 | = | 0.0% |
| Amounts payable within one year | 42/48 | €340,157 | €158,138 | -€182,020 | -53.5% |
| Current portion of amounts payable after more than one year | 42 | €46,000 | €46,000 | = | 0.0% |
| Trade debts | 44 | €59,355 | €14,976 | -€44,379 | -74.8% |
| Suppliers | 440/4 | €59,355 | €14,976 | -€44,379 | -74.8% |
| Taxes, remuneration and social security | 45 | €51,905 | - | -€51,905 | |
| Taxes | 450/3 | €51,905 | - | -€51,905 | |
| Other amounts payable | 47/48 | €182,898 | €97,162 | -€85,736 | -46.9% |
| Accrued charges and deferred income | 492/3 | €32,224 | €27,490 | -€4,734 | -14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125,578 | €125,651 | +€73 | +0.1% |
| Other operating charges | 640/8 | €1,030 | €1,652 | +€622 | +60.4% |
| Gross operating margin | 9900 | €707,947 | €542,496 | -€165,450 | -23.4% |
| Operating profit (loss) | 9901 | €581,339 | €415,193 | -€166,146 | -28.6% |
| Financial income | 75/76B | €1,276 | €755 | -€521 | -40.8% |
| Recurring financial income | 75 | €1,276 | €755 | -€521 | -40.8% |
| Financial charges | 65/66B | €19,575 | €13,775 | -€5,800 | -29.6% |
| Recurring financial charges | 65 | €19,575 | €13,775 | -€5,800 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | €563,040 | €402,174 | -€160,866 | -28.6% |
| Transfer from deferred taxes | 780 | €12,238 | €12,238 | = | 0.0% |
| Income taxes | 67/77 | €139,326 | €110,685 | -€28,641 | -20.6% |
| Profit (loss) for the period | 9904 | €435,952 | €303,727 | -€132,225 | -30.3% |
| Transfer from tax-exempt reserves | 789 | €36,714 | €36,714 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | - | €169,918 | +€169,918 | |
| Profit (loss) for the period to be appropriated | 9905 | €472,666 | €170,523 | -€302,143 | -63.9% |
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 22 October 2026 via checked.be.