LES OLIVADES: what changed
LES OLIVADES
Largest movements
- Tangible fixed assets -€19,992
down €19,992 (-10.9%), from €183,498 to €163,505
of which Furniture and vehicles: -€16,010
- Receivables within one year -€8,694
no longer reported in 2025 (was €8,694)
- Cash +€7,136
up €7,136 (+19.6%), from €36,445 to €43,581
mainly Depreciation (+€18,715) and Net result for the year (+€9,159)
- Debts after one year -€32,514
down €32,514 (-20.0%), from €162,432 to €129,918
- Trade debts -€13,065
down €13,065 (-48.5%), from €26,912 to €13,848
- Profit (loss) carried forward +€9,159
up €9,159 (+4.0%), from -€228,138 to -€218,980
- Tax, wage and social debts +€6,657
up €6,657 (+23.4%), from €28,505 to €35,162
of which Remuneration and social security: +€7,180
- Other debts +€6,395
up €6,395 (+3.9%), from €165,762 to €172,157
- Gross operating margin -€60,112
down €60,112 (-22.5%), from €267,184 to €207,072
- Staff costs -€29,566
down €29,566 (-14.5%), from €203,669 to €174,103
- Financial charges -€4,674
down €4,674 (-59.5%), from €7,851 to €3,177
- Depreciation -€3,417
down €3,417 (-15.4%), from €22,132 to €18,715
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €234,740 | €214,101 | -€20,639 | -8.8% |
| Fixed assets | 21/28 | €183,498 | €163,505 | -€19,992 | -10.9% |
| Tangible fixed assets | 22/27 | €183,498 | €163,505 | -€19,992 | -10.9% |
| Land and buildings | 22 | €114,477 | €111,031 | -€3,446 | -3.0% |
| Plant, machinery and equipment | 23 | €1,024 | €876 | -€148 | -14.5% |
| Furniture and vehicles | 24 | €65,580 | €49,570 | -€16,010 | -24.4% |
| Other tangible fixed assets | 26 | €2,417 | €2,028 | -€389 | -16.1% |
| Current assets | 29/58 | €51,243 | €50,596 | -€647 | -1.3% |
| Stocks and contracts in progress | 3 | €5,313 | €5,883 | +€570 | +10.7% |
| Stocks | 30/36 | €5,313 | €5,883 | +€570 | +10.7% |
| Amounts receivable within one year | 40/41 | €8,694 | - | -€8,694 | |
| Trade receivables | 40 | €8,694 | - | -€8,694 | |
| Cash at bank and in hand | 54/58 | €36,445 | €43,581 | +€7,136 | +19.6% |
| Deferred charges and accrued income | 490/1 | €790 | €1,131 | +€341 | +43.2% |
| Total equity and liabilities | 10/49 | €234,740 | €214,101 | -€20,639 | -8.8% |
| Equity | 10/15 | -€183,616 | -€174,457 | +€9,159 | +5.0% |
| Contributions | 10/11 | €29,750 | €29,750 | = | 0.0% |
| Reserves | 13 | €14,773 | €14,773 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,773 | €14,773 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€228,138 | -€218,980 | +€9,159 | +4.0% |
| Amounts payable | 17/49 | €418,356 | €388,558 | -€29,798 | -7.1% |
| Amounts payable after more than one year | 17 | €162,432 | €129,918 | -€32,514 | -20.0% |
| Financial debts | 170/4 | €162,432 | €129,918 | -€32,514 | -20.0% |
| Amounts payable within one year | 42/48 | €255,924 | €258,641 | +€2,716 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €31,464 | €32,514 | +€1,050 | +3.3% |
| Financial debts | 43 | €3,282 | €4,961 | +€1,679 | +51.2% |
| Credit institutions | 430/8 | €3,282 | €4,961 | +€1,679 | +51.2% |
| Trade debts | 44 | €26,912 | €13,848 | -€13,065 | -48.5% |
| Suppliers | 440/4 | €26,912 | €13,848 | -€13,065 | -48.5% |
| Taxes, remuneration and social security | 45 | €28,505 | €35,162 | +€6,657 | +23.4% |
| Taxes | 450/3 | €9,186 | €8,662 | -€523 | -5.7% |
| Remuneration and social security | 454/9 | €19,319 | €26,499 | +€7,180 | +37.2% |
| Other amounts payable | 47/48 | €165,762 | €172,157 | +€6,395 | +3.9% |
| Remuneration, social security and pensions | 62 | €203,669 | €174,103 | -€29,566 | -14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,132 | €18,715 | -€3,417 | -15.4% |
| Other operating charges | 640/8 | €1,559 | €1,921 | +€361 | +23.2% |
| Gross operating margin | 9900 | €267,184 | €207,072 | -€60,112 | -22.5% |
| Operating profit (loss) | 9901 | €39,825 | €12,333 | -€27,491 | -69.0% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €7,851 | €3,177 | -€4,674 | -59.5% |
| Recurring financial charges | 65 | €7,851 | €3,177 | -€4,674 | -59.5% |
| Profit (loss) for the period before taxes | 9903 | €31,973 | €9,159 | -€22,815 | -71.4% |
| Profit (loss) for the period | 9904 | €31,973 | €9,159 | -€22,815 | -71.4% |
| Profit (loss) for the period to be appropriated | 9905 | €31,973 | €9,159 | -€22,815 | -71.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.