O'LAIT: 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.
O'LAIT
Largest movements
- Cash -€62,980
down €62,980 (-39.8%), from €158,338 to €95,358
mainly Other debts (-€771,150) and Investment in fixed assets (net) (-€240,337)
- Tangible fixed assets +€55,834
up €55,834 (+3.5%), from €1.6m to €1.6m
of which Other tangible fixed assets: +€112,756
- Stocks and contracts -€31,050
down €31,050 (-10.3%), from €301,050 to €270,000
- Other debts -€771,150
down €771,150 (-58.2%), from €1.3m to €554,292
- Debts after one year +€497,852
up €497,852 (+125%), from €399,116 to €896,968
- Reserves +€117,240
up €117,240 (+64.7%), from €181,291 to €298,530
- Trade debts +€77,925
up €77,925 (+248%), from €31,432 to €109,357
- Current portion of long-term debt +€49,990
up €49,990 (+40.6%), from €122,991 to €172,982
- Gross operating margin +€82,604
up €82,604 (+19.9%), from €415,934 to €498,537
- Staff costs +€46,480
up €46,480 (+68.4%), from €67,924 to €114,405
- Financial charges +€10,281
up €10,281 (+82.0%), from €12,542 to €22,823
- Depreciation +€7,498
up €7,498 (+4.0%), from €187,215 to €194,713
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 | €2,127,261 | €2,092,280 | -€34,981 | -1.6% |
| Formation expenses | 20 | €633 | €422 | -€211 | -33.3% |
| Fixed assets | 21/28 | €1,659,905 | €1,705,739 | +€45,834 | +2.8% |
| Intangible fixed assets | 21 | €80,000 | €70,000 | -€10,000 | -12.5% |
| Tangible fixed assets | 22/27 | €1,579,905 | €1,635,739 | +€55,834 | +3.5% |
| Land and buildings | 22 | €1,279,467 | €1,194,200 | -€85,267 | -6.7% |
| Furniture and vehicles | 24 | €300,438 | €328,783 | +€28,345 | +9.4% |
| Other tangible fixed assets | 26 | - | €112,756 | +€112,756 | |
| Current assets | 29/58 | €466,722 | €386,118 | -€80,604 | -17.3% |
| Stocks and contracts in progress | 3 | €301,050 | €270,000 | -€31,050 | -10.3% |
| Stocks | 30/36 | €301,050 | €270,000 | -€31,050 | -10.3% |
| Amounts receivable within one year | 40/41 | €7,335 | €18,157 | +€10,822 | +148% |
| Trade receivables | 40 | €6,974 | €6,993 | +€20 | +0.3% |
| Other amounts receivable | 41 | €361 | €11,163 | +€10,802 | +2,993% |
| Current investments | 50/53 | - | €2,500 | +€2,500 | |
| Cash at bank and in hand | 54/58 | €158,338 | €95,358 | -€62,980 | -39.8% |
| Deferred charges and accrued income | 490/1 | - | €103 | +€103 | |
| Total equity and liabilities | 10/49 | €2,127,261 | €2,092,280 | -€34,981 | -1.6% |
| Equity | 10/15 | €182,791 | €300,030 | +€117,240 | +64.1% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €181,291 | €298,530 | +€117,240 | +64.7% |
| Distributable reserves | 133 | €181,291 | €298,530 | +€117,240 | +64.7% |
| Amounts payable | 17/49 | €1,944,470 | €1,792,249 | -€152,221 | -7.8% |
| Amounts payable after more than one year | 17 | €399,116 | €896,968 | +€497,852 | +125% |
| Financial debts | 170/4 | €399,116 | €896,968 | +€497,852 | +125% |
| Amounts payable within one year | 42/48 | €1,531,185 | €895,281 | -€635,904 | -41.5% |
| Current portion of amounts payable after more than one year | 42 | €122,991 | €172,982 | +€49,990 | +40.6% |
| Trade debts | 44 | €31,432 | €109,357 | +€77,925 | +248% |
| Suppliers | 440/4 | €31,432 | €109,357 | +€77,925 | +248% |
| Taxes, remuneration and social security | 45 | €51,321 | €58,651 | +€7,331 | +14.3% |
| Taxes | 450/3 | €40,171 | €41,370 | +€1,199 | +3.0% |
| Remuneration and social security | 454/9 | €11,150 | €17,281 | +€6,131 | +55.0% |
| Other amounts payable | 47/48 | €1,325,441 | €554,292 | -€771,150 | -58.2% |
| Accrued charges and deferred income | 492/3 | €14,169 | - | -€14,169 | |
| Remuneration, social security and pensions | 62 | €67,924 | €114,405 | +€46,480 | +68.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €187,215 | €194,713 | +€7,498 | +4.0% |
| Other operating charges | 640/8 | €9,272 | €8,035 | -€1,237 | -13.3% |
| Gross operating margin | 9900 | €415,934 | €498,537 | +€82,604 | +19.9% |
| Operating profit (loss) | 9901 | €151,522 | €181,384 | +€29,862 | +19.7% |
| Financial income | 75/76B | €159 | €49 | -€111 | -69.5% |
| Recurring financial income | 75 | €159 | €49 | -€111 | -69.5% |
| Financial charges | 65/66B | €12,542 | €22,823 | +€10,281 | +82.0% |
| Recurring financial charges | 65 | €12,542 | €22,823 | +€10,281 | +82.0% |
| Profit (loss) for the period before taxes | 9903 | €139,139 | €158,610 | +€19,471 | +14.0% |
| Income taxes | 67/77 | €39,867 | €41,370 | +€1,503 | +3.8% |
| Profit (loss) for the period | 9904 | €99,272 | €117,240 | +€17,967 | +18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €99,272 | €117,240 | +€17,967 | +18.1% |
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.