OILCO: 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
OILCO
NACE 38.330, Waste collection, recovery and disposal activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €1.6m-€447,103
Equity
€4.1m
2024 · €3.8m+€307,271
Cash
€371
2024 · -+€371
Balance sheet total
€7.5m
2024 · €9.6m-€2.1m
Largest movements
Assets
- Receivables within one year -€1.7m
down €1.7m (-24.1%), from €7.2m to €5.5m
of which Other amounts receivable: -€2.2m
- Tangible fixed assets -€647,187
down €647,187 (-28.8%), from €2.2m to €1.6m
- Intangible fixed assets +€259,120
new in 2025: €259,120
Equity and liabilities
- Other debts -€2.7m
down €2.7m (-76.8%), from €3.6m to €827,694
- Trade debts +€396,334
up €396,334 (+44.2%), from €897,104 to €1.3m
- Profit (loss) carried forward +€307,271
up €307,271 (+21.0%), from €1.5m to €1.8m
- Tax, wage and social debts +€226,057
up €226,057 (+37.1%), from €608,652 to €834,710
of which Remuneration and social security: +€155,553
- Accrued charges and deferred income -€198,888
down €198,888 (-41.6%), from €478,091 to €279,203
Income statement
- Depreciation -€292,599
down €292,599 (-39.7%), from €737,407 to €444,808
- Staff costs +€230,795
up €230,795 (+9.2%), from €2.5m to €2.7m
- Services and other goods +€203,597
up €203,597 (+9.1%), from €2.2m to €2.4m
- Other operating income -€167,623
down €167,623 (-54.1%), from €309,757 to €142,133
- Taxes +€104,353
up €104,353 (+28.8%), from €362,822 to €467,175
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
€1.6m
Turnover
-€19,486
Other operating income
-€167,623
Goods and materials
-€5,423
Services and other goods
-€203,597
Staff costs
-€230,795
Depreciation
+€292,599
Write-downs
-€25,569
Provisions
+€38,804
Other operating charges
+€13,885
Other operating items
+€41,389
Financial income
-€91,908
Financial charges
+€14,974
Taxes
-€104,353
Result 2025
€1.1m
raises the resultlowers the resultnot broken down further in the accounts
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
+€954,298
Investment
-€46,741
Financing
-€907,186
Cash 2024
€0
From operations (derived)
+€954,298
Net result for the year
+€1.1m
Depreciation
+€444,808
Stocks and contracts
+€41,359
Receivables within one year
+€1.7m
Deferred charges and accrued income
-€51,768
Provisions
-€26,804
Trade debts
+€396,334
Tax, wage and social debts
+€226,057
Other debts
-€2.7m
Accrued charges and deferred income
-€198,888
Investment (derived)
-€46,741
Investment in fixed assets (net)
-€46,741
Financing
-€907,186
Current portion of long-term debt
-€79,492
Contributions, distributions and other
-€827,694
Cash 2025
€371
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,622,112 | €7,502,342 | -€2.1m | -22.0% |
| Fixed assets | 21/28 | €2,258,105 | €1,860,038 | -€398,067 | -17.6% |
| Intangible fixed assets | 21 | - | €259,120 | +€259,120 | |
| Tangible fixed assets | 22/27 | €2,248,105 | €1,600,918 | -€647,187 | -28.8% |
| Land and buildings | 22 | €271,094 | €246,194 | -€24,899 | -9.2% |
| Plant, machinery and equipment | 23 | €394,053 | €353,743 | -€40,310 | -10.2% |
| Furniture and vehicles | 24 | €1,160,619 | €893,513 | -€267,106 | -23.0% |
| Other tangible fixed assets | 26 | €42,496 | €28,868 | -€13,628 | -32.1% |
| Assets under construction and advance payments | 27 | €379,843 | €78,600 | -€301,243 | -79.3% |
| Financial fixed assets | 28 | €10,000 | - | -€10,000 | |
| Affiliated companies | 280/1 | €10,000 | - | -€10,000 | |
| Participating interests | 280 | €10,000 | - | -€10,000 | |
| Current assets | 29/58 | €7,364,007 | €5,642,304 | -€1.7m | -23.4% |
| Stocks and contracts in progress | 3 | €105,436 | €64,077 | -€41,359 | -39.2% |
| Stocks | 30/36 | €105,436 | €64,077 | -€41,359 | -39.2% |
| Raw materials and consumables | 30/31 | €105,436 | €64,077 | -€41,359 | -39.2% |
| Amounts receivable within one year | 40/41 | €7,203,374 | €5,470,891 | -€1.7m | -24.1% |
| Trade receivables | 40 | €1,594,975 | €2,036,928 | +€441,953 | +27.7% |
| Other amounts receivable | 41 | €5,608,400 | €3,433,963 | -€2.2m | -38.8% |
| Cash at bank and in hand | 54/58 | - | €371 | +€371 | |
| Deferred charges and accrued income | 490/1 | €55,197 | €106,965 | +€51,768 | +93.8% |
| Total equity and liabilities | 10/49 | €9,622,112 | €7,502,342 | -€2.1m | -22.0% |
| Equity | 10/15 | €3,796,662 | €4,103,932 | +€307,271 | +8.1% |
| Contributions | 10/11 | €1,952,596 | €1,952,596 | = | 0.0% |
| Capital | 10 | €1,952,596 | €1,952,596 | = | 0.0% |
| Issued capital | 100 | €1,952,596 | €1,952,596 | = | 0.0% |
| Reserves | 13 | €380,500 | €380,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €195,260 | €195,260 | = | 0.0% |
| Legal reserve | 130 | €195,260 | €195,260 | = | 0.0% |
| Tax-exempt reserves | 132 | €185,240 | €185,240 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,463,566 | €1,770,836 | +€307,271 | +21.0% |
| Provisions and deferred taxes | 16 | €190,170 | €163,365 | -€26,804 | -14.1% |
| Provisions for liabilities and charges | 160/5 | €190,170 | €163,365 | -€26,804 | -14.1% |
| Major repairs and maintenance | 162 | €190,170 | €163,365 | -€26,804 | -14.1% |
| Amounts payable | 17/49 | €5,635,280 | €3,235,044 | -€2.4m | -42.6% |
| Amounts payable within one year | 42/48 | €5,157,189 | €2,955,842 | -€2.2m | -42.7% |
| Current portion of amounts payable after more than one year | 42 | €79,492 | - | -€79,492 | |
| Trade debts | 44 | €897,104 | €1,293,438 | +€396,334 | +44.2% |
| Suppliers | 440/4 | €897,104 | €1,293,438 | +€396,334 | +44.2% |
| Taxes, remuneration and social security | 45 | €608,652 | €834,710 | +€226,057 | +37.1% |
| Taxes | 450/3 | €58,128 | €128,631 | +€70,504 | +121% |
| Remuneration and social security | 454/9 | €550,525 | €706,078 | +€155,553 | +28.3% |
| Other amounts payable | 47/48 | €3,571,940 | €827,694 | -€2.7m | -76.8% |
| Accrued charges and deferred income | 492/3 | €478,091 | €279,203 | -€198,888 | -41.6% |
| Operating income | 70/76A | €9,646,853 | €9,504,857 | -€141,996 | -1.5% |
| Turnover | 70 | €9,333,907 | €9,314,420 | -€19,486 | -0.2% |
| Other operating income | 74 | €309,757 | €142,133 | -€167,623 | -54.1% |
| Non-recurring operating income | 76A | €3,190 | €48,304 | +€45,114 | +1,414% |
| Operating charges | 60/66A | €7,842,560 | €7,966,380 | +€123,820 | +1.6% |
| Goods for resale, raw materials and consumables | 60 | €2,205,674 | €2,211,097 | +€5,423 | +0.2% |
| Purchases | 600/8 | €2,242,914 | €2,252,455 | +€9,542 | +0.4% |
| Change in stocks: decrease (increase) | 609 | -€37,240 | -€41,359 | -€4,119 | -11.1% |
| Services and other goods | 61 | €2,237,043 | €2,440,640 | +€203,597 | +9.1% |
| Remuneration, social security and pensions | 62 | €2,500,200 | €2,730,995 | +€230,795 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €737,407 | €444,808 | -€292,599 | -39.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €12,622 | €38,191 | +€25,569 | +203% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €12,000 | -€26,804 | -€38,804 | |
| Other operating charges | 640/8 | €134,247 | €120,362 | -€13,885 | -10.3% |
| Non-recurring operating charges | 66A | €3,368 | €7,093 | +€3,725 | +111% |
| Operating profit (loss) | 9901 | €1,804,293 | €1,538,477 | -€265,816 | -14.7% |
| Financial income | 75/76B | €178,408 | €86,499 | -€91,908 | -51.5% |
| Recurring financial income | 75 | €178,408 | €86,499 | -€91,908 | -51.5% |
| Income from current assets | 751 | €173,642 | €84,984 | -€88,658 | -51.1% |
| Other financial income | 752/9 | €4,766 | €1,516 | -€3,251 | -68.2% |
| Financial charges | 65/66B | €37,811 | €22,837 | -€14,974 | -39.6% |
| Recurring financial charges | 65 | €22,512 | €22,837 | +€325 | +1.4% |
| Debt charges | 650 | €9,378 | €9,172 | -€205 | -2.2% |
| Other financial charges | 652/9 | €13,135 | €13,665 | +€530 | +4.0% |
| Non-recurring financial charges | 66B | €15,299 | - | -€15,299 | |
| Profit (loss) for the period before taxes | 9903 | €1,944,889 | €1,602,139 | -€342,750 | -17.6% |
| Income taxes | 67/77 | €362,822 | €467,175 | +€104,353 | +28.8% |
| Taxes | 670/3 | €362,822 | €467,175 | +€104,353 | +28.8% |
| Profit (loss) for the period | 9904 | €1,582,067 | €1,134,964 | -€447,103 | -28.3% |
| Transfer to tax-exempt reserves | 689 | €185,240 | - | -€185,240 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,396,827 | €1,134,964 | -€261,863 | -18.7% |
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 19 October 2026 via checked.be.