LA OLA: 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.
LA OLA
Largest movements
- Stocks and contracts -€12,100
down €12,100 (-52.6%), from €23,000 to €10,900
- Tangible fixed assets +€4,350
new in 2025: €4,350
- Cash -€3,628
down €3,628 (-11.1%), from €32,744 to €29,115
mainly Other debts (-€21,873) and Investment in fixed assets (net) (-€5,400)
- Receivables within one year -€833
no longer reported in 2025 (was €833)
- Other debts -€21,873
down €21,873 (-89.6%), from €24,425 to €2,552
- Tax, wage and social debts +€8,189
up €8,189 (+81.6%), from €10,032 to €18,221
of which Remuneration and social security: +€6,818
- Profit (loss) carried forward +€4,094
up €4,094 (+34.1%), from €11,998 to €16,092
- Trade debts -€2,620
no longer reported in 2025 (was €2,620)
- Turnover -€20,287
down €20,287 (-8.8%), from €231,083 to €210,796
- Gross operating margin -€15,418
down €15,418 (-39.1%), from €39,409 to €23,991
- Staff costs -€12,091
down €12,091 (-39.4%), from €30,681 to €18,590
- Purchases and services -€4,869
down €4,869 (-2.5%), from €191,674 to €186,806
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 | €56,576 | €44,366 | -€12,211 | -21.6% |
| Fixed assets | 21/28 | - | €4,350 | +€4,350 | |
| Tangible fixed assets | 22/27 | - | €4,350 | +€4,350 | |
| Furniture and vehicles | 24 | - | €4,350 | +€4,350 | |
| Current assets | 29/58 | €56,576 | €40,015 | -€16,561 | -29.3% |
| Stocks and contracts in progress | 3 | €23,000 | €10,900 | -€12,100 | -52.6% |
| Stocks | 30/36 | €23,000 | €10,900 | -€12,100 | -52.6% |
| Amounts receivable within one year | 40/41 | €833 | - | -€833 | |
| Other amounts receivable | 41 | €833 | - | -€833 | |
| Cash at bank and in hand | 54/58 | €32,744 | €29,115 | -€3,628 | -11.1% |
| Total equity and liabilities | 10/49 | €56,576 | €44,366 | -€12,211 | -21.6% |
| Equity | 10/15 | €19,498 | €23,592 | +€4,094 | +21.0% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,998 | €16,092 | +€4,094 | +34.1% |
| Amounts payable | 17/49 | €37,078 | €20,773 | -€16,305 | -44.0% |
| Amounts payable within one year | 42/48 | €37,078 | €20,773 | -€16,305 | -44.0% |
| Trade debts | 44 | €2,620 | - | -€2,620 | |
| Suppliers | 440/4 | €2,620 | - | -€2,620 | |
| Taxes, remuneration and social security | 45 | €10,032 | €18,221 | +€8,189 | +81.6% |
| Taxes | 450/3 | €1,575 | €2,946 | +€1,371 | +87.1% |
| Remuneration and social security | 454/9 | €8,458 | €15,275 | +€6,818 | +80.6% |
| Other amounts payable | 47/48 | €24,425 | €2,552 | -€21,873 | -89.6% |
| Turnover | 70 | €231,083 | €210,796 | -€20,287 | -8.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €191,674 | €186,806 | -€4,869 | -2.5% |
| Remuneration, social security and pensions | 62 | €30,681 | €18,590 | -€12,091 | -39.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €406 | €1,050 | +€644 | +158.5% |
| Other operating charges | 640/8 | €91 | €85 | -€6 | -6.7% |
| Gross operating margin | 9900 | €39,409 | €23,991 | -€15,418 | -39.1% |
| Operating profit (loss) | 9901 | €8,231 | €4,266 | -€3,965 | -48.2% |
| Financial charges | 65/66B | €237 | €172 | -€65 | -27.3% |
| Recurring financial charges | 65 | €237 | €172 | -€65 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | €7,994 | €4,094 | -€3,900 | -48.8% |
| Profit (loss) for the period | 9904 | €7,994 | €4,094 | -€3,900 | -48.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,994 | €4,094 | -€3,900 | -48.8% |
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 10 October 2026 via checked.be.