OL4 Management: 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.
OL4 Management
Largest movements
- Current investments +€25,000
new in 2025: €25,000
- Cash -€7,089
down €7,089 (-21.3%), from €33,314 to €26,225
mainly Current investments (-€25,000) and Tax, wage and social debts (-€1,368)
- Tangible fixed assets -€976
down €976 (-22.2%), from €4,399 to €3,424
- Reserves +€18,835
up €18,835 (+77.8%), from €24,195 to €43,030
- Tax, wage and social debts -€1,368
down €1,368 (-17.5%), from €7,820 to €6,452
of which Taxes: -€1,368
- Accrued charges and deferred income -€568
down €568 (-83.1%), from €684 to €116
- Gross operating margin -€3,667
down €3,667 (-11.8%), from €30,953 to €27,286
- Other operating charges -€947
down €947 (-49.0%), from €1,933 to €987
- Depreciation +€497
up €497 (+104%), from €478 to €976
- Financial income +€351
new in 2025: €351
- Taxes -€311
down €311 (-4.6%), from €6,681 to €6,370
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 | €37,839 | €54,738 | +€16,900 | +44.7% |
| Fixed assets | 21/28 | €4,399 | €3,424 | -€976 | -22.2% |
| Tangible fixed assets | 22/27 | €4,399 | €3,424 | -€976 | -22.2% |
| Furniture and vehicles | 24 | €4,399 | €3,424 | -€976 | -22.2% |
| Current assets | 29/58 | €33,440 | €51,315 | +€17,875 | +53.5% |
| Current investments | 50/53 | - | €25,000 | +€25,000 | |
| Cash at bank and in hand | 54/58 | €33,314 | €26,225 | -€7,089 | -21.3% |
| Deferred charges and accrued income | 490/1 | €125 | €89 | -€36 | -28.9% |
| Total equity and liabilities | 10/49 | €37,839 | €54,738 | +€16,900 | +44.7% |
| Equity | 10/15 | €29,195 | €48,030 | +€18,835 | +64.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €24,195 | €43,030 | +€18,835 | +77.8% |
| Distributable reserves | 133 | €24,195 | €43,030 | +€18,835 | +77.8% |
| Amounts payable | 17/49 | €8,643 | €6,708 | -€1,935 | -22.4% |
| Amounts payable within one year | 42/48 | €7,960 | €6,593 | -€1,367 | -17.2% |
| Trade debts | 44 | €140 | €141 | +€1 | +1.0% |
| Suppliers | 440/4 | €140 | €141 | +€1 | +1.0% |
| Taxes, remuneration and social security | 45 | €7,820 | €6,452 | -€1,368 | -17.5% |
| Taxes | 450/3 | €7,660 | €6,292 | -€1,368 | -17.9% |
| Remuneration and social security | 454/9 | €160 | €160 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €684 | €116 | -€568 | -83.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €478 | €976 | +€497 | +104% |
| Other operating charges | 640/8 | €1,933 | €987 | -€947 | -49.0% |
| Gross operating margin | 9900 | €30,953 | €27,286 | -€3,667 | -11.8% |
| Operating profit (loss) | 9901 | €28,542 | €25,324 | -€3,218 | -11.3% |
| Financial income | 75/76B | - | €351 | +€351 | |
| Recurring financial income | 75 | - | €351 | +€351 | |
| Financial charges | 65/66B | €533 | €470 | -€63 | -11.8% |
| Recurring financial charges | 65 | €533 | €470 | -€63 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €28,008 | €25,205 | -€2,803 | -10.0% |
| Income taxes | 67/77 | €6,681 | €6,370 | -€311 | -4.6% |
| Profit (loss) for the period | 9904 | €21,328 | €18,835 | -€2,493 | -11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,328 | €18,835 | -€2,493 | -11.7% |
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 17 October 2026 via checked.be.