OL.LO: what changed
Two fiscal 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.
OL.LO
Largest movements
- Stocks and contracts -€30,528
down €30,528 (-40.2%), from €75,928 to €45,400
- Tangible fixed assets -€30,272
down €30,272 (-13.1%), from €230,442 to €200,171
of which Furniture and vehicles: -€30,142
- Receivables within one year +€29,033
up €29,033 (+203.7%), from €14,251 to €43,284
of which Trade receivables: +€26,606
- Cash -€26,777
no longer reported in 2024 (was €26,777)
mainly Debts after one year (-€56,227) and Net result for the year (-€53,695)
- Debts after one year -€56,227
down €56,227 (-36.2%), from €155,423 to €99,196
- Profit (loss) carried forward -€53,695
down €53,695 (-87.0%), from €61,701 to €8,005
- Short-term financial debts +€27,882
up €27,882 (+1321.4%), from €2,110 to €29,993
- Tax, wage and social debts +€13,549
new in 2024: €13,549
of which Remuneration and social security: +€7,506
- Other debts +€5,341
up €5,341 (+13.7%), from €38,871 to €44,212
- Gross operating margin -€49,178
down €49,178 (-71.3%), from €69,013 to €19,834
- Write-downs -€37,234
down €37,234, from €27,058 to -€10,176
- Staff costs +€31,839
new in 2024: €31,839
- Depreciation +€10,081
up €10,081 (+30.6%), from €32,973 to €43,054
- Financial income -€4,633
down €4,633 (-96.2%), from €4,818 to €184
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €353,742 | €292,154 | -€61,587 | -17.4% |
| Fixed assets | 21/28 | €230,942 | €200,671 | -€30,272 | -13.1% |
| Tangible fixed assets | 22/27 | €230,442 | €200,171 | -€30,272 | -13.1% |
| Land and buildings | 22 | €95,854 | €90,285 | -€5,570 | -5.8% |
| Plant, machinery and equipment | 23 | €3,333 | €5,514 | +€2,182 | +65.5% |
| Furniture and vehicles | 24 | €124,255 | €94,113 | -€30,142 | -24.3% |
| Other tangible fixed assets | 26 | €7,000 | €10,258 | +€3,258 | +46.5% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €122,799 | €91,484 | -€31,316 | -25.5% |
| Stocks and contracts in progress | 3 | €75,928 | €45,400 | -€30,528 | -40.2% |
| Stocks | 30/36 | €75,928 | €45,400 | -€30,528 | -40.2% |
| Amounts receivable within one year | 40/41 | €14,251 | €43,284 | +€29,033 | +203.7% |
| Trade receivables | 40 | €11,998 | €38,604 | +€26,606 | +221.7% |
| Other amounts receivable | 41 | €2,252 | €4,680 | +€2,427 | +107.8% |
| Cash at bank and in hand | 54/58 | €26,777 | - | -€26,777 | |
| Deferred charges and accrued income | 490/1 | €5,843 | €2,800 | -€3,043 | -52.1% |
| Total equity and liabilities | 10/49 | €353,742 | €292,154 | -€61,587 | -17.4% |
| Equity | 10/15 | €88,969 | €35,274 | -€53,695 | -60.4% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €2,479 | €2,479 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,701 | €8,005 | -€53,695 | -87.0% |
| Amounts payable | 17/49 | €264,773 | €256,880 | -€7,892 | -3.0% |
| Amounts payable after more than one year | 17 | €155,423 | €99,196 | -€56,227 | -36.2% |
| Financial debts | 170/4 | €155,423 | €99,196 | -€56,227 | -36.2% |
| Amounts payable within one year | 42/48 | €109,350 | €157,685 | +€48,335 | +44.2% |
| Current portion of amounts payable after more than one year | 42 | €57,003 | €55,977 | -€1,026 | -1.8% |
| Financial debts | 43 | €2,110 | €29,993 | +€27,882 | +1321.4% |
| Credit institutions | 430/8 | €2,110 | €29,993 | +€27,882 | +1321.4% |
| Trade debts | 44 | €11,366 | €13,955 | +€2,589 | +22.8% |
| Suppliers | 440/4 | €11,366 | €13,955 | +€2,589 | +22.8% |
| Taxes, remuneration and social security | 45 | - | €13,549 | +€13,549 | |
| Taxes | 450/3 | - | €6,042 | +€6,042 | |
| Remuneration and social security | 454/9 | - | €7,506 | +€7,506 | |
| Other amounts payable | 47/48 | €38,871 | €44,212 | +€5,341 | +13.7% |
| Non-recurring operating income | 76A | - | €121 | +€121 | |
| Remuneration, social security and pensions | 62 | - | €31,839 | +€31,839 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,973 | €43,054 | +€10,081 | +30.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €27,058 | -€10,176 | -€37,234 | |
| Other operating charges | 640/8 | €1,234 | €1,422 | +€189 | +15.3% |
| Gross operating margin | 9900 | €69,013 | €19,834 | -€49,178 | -71.3% |
| Operating profit (loss) | 9901 | €7,749 | -€46,304 | -€54,053 | |
| Financial income | 75/76B | €4,818 | €184 | -€4,633 | -96.2% |
| Recurring financial income | 75 | €4,818 | €184 | -€4,633 | -96.2% |
| Financial charges | 65/66B | €6,951 | €7,054 | +€102 | +1.5% |
| Recurring financial charges | 65 | €6,951 | €7,054 | +€102 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €5,615 | -€53,173 | -€58,788 | |
| Income taxes | 67/77 | €3,274 | €522 | -€2,752 | -84.1% |
| Profit (loss) for the period | 9904 | €2,341 | -€53,695 | -€56,036 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,341 | -€53,695 | -€56,036 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.