J. OLIVER: 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.
J. OLIVER
Largest movements
- Tangible fixed assets +€59,788
up €59,788 (+47.8%), from €125,094 to €184,882
of which Land and buildings: +€71,826
- Receivables within one year +€26,211
up €26,211 (+66.0%), from €39,692 to €65,904
of which Trade receivables: +€31,221
- Cash -€13,695
down €13,695 (-33.3%), from €41,188 to €27,493
mainly Investment in fixed assets (net) (-€77,746) and Receivables within one year (-€26,211)
- Debts after one year +€82,378
up €82,378 (+126%), from €65,404 to €147,782
- Other debts -€20,635
down €20,635 (-40.9%), from €50,448 to €29,813
- Trade debts +€17,915
up €17,915 (+335%), from €5,341 to €23,257
- Short-term financial debts -€10,000
down €10,000 (-100%), from €10,000 to €0
- Advances received -€5,000
down €5,000 (-100%), from €5,000 to €0
- Other operating charges +€17,269
up €17,269 (+3,579%), from €482 to €17,752
- Taxes -€3,826
down €3,826 (-76.5%), from €5,002 to €1,176
- Gross operating margin +€2,997
up €2,997 (+7.0%), from €43,045 to €46,043
- Depreciation +€2,049
up €2,049 (+12.9%), from €15,909 to €17,958
- Financial charges +€853
up €853 (+15.1%), from €5,669 to €6,522
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 | €205,975 | €278,279 | +€72,304 | +35.1% |
| Fixed assets | 21/28 | €125,094 | €184,882 | +€59,788 | +47.8% |
| Tangible fixed assets | 22/27 | €125,094 | €184,882 | +€59,788 | +47.8% |
| Land and buildings | 22 | €94,591 | €166,417 | +€71,826 | +75.9% |
| Plant, machinery and equipment | 23 | €485 | €42 | -€443 | -91.3% |
| Furniture and vehicles | 24 | €11,615 | €7,895 | -€3,720 | -32.0% |
| Leasing and similar rights | 25 | €18,403 | €10,528 | -€7,875 | -42.8% |
| Current assets | 29/58 | €80,881 | €93,397 | +€12,516 | +15.5% |
| Amounts receivable within one year | 40/41 | €39,692 | €65,904 | +€26,211 | +66.0% |
| Trade receivables | 40 | €33,636 | €64,857 | +€31,221 | +92.8% |
| Other amounts receivable | 41 | €6,056 | €1,046 | -€5,010 | -82.7% |
| Cash at bank and in hand | 54/58 | €41,188 | €27,493 | -€13,695 | -33.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €205,975 | €278,279 | +€72,304 | +35.1% |
| Equity | 10/15 | €55,470 | €58,214 | +€2,743 | +4.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €36,870 | €39,614 | +€2,743 | +7.4% |
| Distributable reserves | 133 | €36,870 | €39,614 | +€2,743 | +7.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €150,504 | €220,065 | +€69,561 | +46.2% |
| Amounts payable after more than one year | 17 | €65,404 | €147,782 | +€82,378 | +126% |
| Financial debts | 170/4 | €65,404 | €147,782 | +€82,378 | +126% |
| Amounts payable within one year | 42/48 | €85,101 | €71,426 | -€13,675 | -16.1% |
| Current portion of amounts payable after more than one year | 42 | €11,851 | €11,800 | -€51 | -0.4% |
| Financial debts | 43 | €10,000 | €0 | -€10,000 | -100% |
| Credit institutions | 430/8 | €10,000 | €0 | -€10,000 | -100% |
| Trade debts | 44 | €5,341 | €23,257 | +€17,915 | +335% |
| Suppliers | 440/4 | €5,341 | €23,257 | +€17,915 | +335% |
| Advances received on contracts in progress | 46 | €5,000 | €0 | -€5,000 | -100% |
| Taxes, remuneration and social security | 45 | €2,460 | €6,557 | +€4,097 | +167% |
| Taxes | 450/3 | €2,460 | €6,557 | +€4,097 | +167% |
| Other amounts payable | 47/48 | €50,448 | €29,813 | -€20,635 | -40.9% |
| Accrued charges and deferred income | 492/3 | - | €858 | +€858 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,909 | €17,958 | +€2,049 | +12.9% |
| Other operating charges | 640/8 | €482 | €17,752 | +€17,269 | +3,579% |
| Gross operating margin | 9900 | €43,045 | €46,043 | +€2,997 | +7.0% |
| Operating profit (loss) | 9901 | €26,654 | €10,333 | -€16,321 | -61.2% |
| Financial income | 75/76B | €143 | €109 | -€34 | -23.9% |
| Recurring financial income | 75 | €143 | €109 | -€34 | -23.9% |
| Financial charges | 65/66B | €5,669 | €6,522 | +€853 | +15.1% |
| Recurring financial charges | 65 | €5,669 | €6,522 | +€853 | +15.1% |
| Profit (loss) for the period before taxes | 9903 | €21,128 | €3,919 | -€17,209 | -81.5% |
| Income taxes | 67/77 | €5,002 | €1,176 | -€3,826 | -76.5% |
| Profit (loss) for the period | 9904 | €16,126 | €2,743 | -€13,383 | -83.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,126 | €2,743 | -€13,383 | -83.0% |
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 21 October 2026 via checked.be.