OLAB: 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.
OLAB
Largest movements
- Receivables within one year +€308,089
up €308,089 (+187%), from €164,985 to €473,074
of which Trade receivables: +€291,062
- Cash -€104,332
down €104,332 (-19.1%), from €546,696 to €442,364
mainly Receivables within one year (-€308,089) and Investment in fixed assets (net) (-€147,924)
- Tangible fixed assets -€18,872
down €18,872 (-2.2%), from €848,096 to €829,224
- Trade debts +€174,947
up €174,947 (+165%), from €105,871 to €280,818
- Reserves +€125,148
up €125,148 (+91.7%), from €136,415 to €261,563
of which Distributable reserves: +€125,148
- Other debts -€78,753
down €78,753 (-16.7%), from €470,722 to €391,969
- Debts after one year -€63,334
down €63,334 (-9.2%), from €687,834 to €624,500
- Tax, wage and social debts +€26,685
up €26,685 (+39.5%), from €67,630 to €94,316
of which Taxes: +€24,381
- Gross operating margin -€220,705
down €220,705 (-30.6%), from €721,046 to €500,341
- Taxes -€58,072
down €58,072 (-46.5%), from €124,795 to €66,723
- Depreciation +€27,519
up €27,519 (+19.6%), from €140,221 to €167,740
- Financial charges +€9,637
up €9,637 (+84.1%), from €11,463 to €21,100
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 | €1,565,193 | €1,760,913 | +€195,719 | +12.5% |
| Fixed assets | 21/28 | €849,994 | €830,178 | -€19,815 | -2.3% |
| Intangible fixed assets | 21 | €1,898 | €954 | -€943 | -49.7% |
| Tangible fixed assets | 22/27 | €848,096 | €829,224 | -€18,872 | -2.2% |
| Land and buildings | 22 | €740,353 | €732,571 | -€7,782 | -1.1% |
| Plant, machinery and equipment | 23 | €69,541 | €69,205 | -€336 | -0.5% |
| Furniture and vehicles | 24 | €33,340 | €24,087 | -€9,254 | -27.8% |
| Other tangible fixed assets | 26 | €4,862 | €3,362 | -€1,500 | -30.9% |
| Current assets | 29/58 | €715,200 | €930,734 | +€215,535 | +30.1% |
| Amounts receivable after more than one year | 29 | - | €11,444 | +€11,444 | |
| Other amounts receivable | 291 | - | €11,444 | +€11,444 | |
| Amounts receivable within one year | 40/41 | €164,985 | €473,074 | +€308,089 | +187% |
| Trade receivables | 40 | €160,974 | €452,035 | +€291,062 | +181% |
| Other amounts receivable | 41 | €4,011 | €21,038 | +€17,027 | +424% |
| Cash at bank and in hand | 54/58 | €546,696 | €442,364 | -€104,332 | -19.1% |
| Deferred charges and accrued income | 490/1 | €3,518 | €3,852 | +€333 | +9.5% |
| Total equity and liabilities | 10/49 | €1,565,193 | €1,760,913 | +€195,719 | +12.5% |
| Equity | 10/15 | €161,415 | €286,563 | +€125,148 | +77.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €136,415 | €261,563 | +€125,148 | +91.7% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €133,915 | €259,063 | +€125,148 | +93.5% |
| Amounts payable | 17/49 | €1,403,779 | €1,474,350 | +€70,571 | +5.0% |
| Amounts payable after more than one year | 17 | €687,834 | €624,500 | -€63,334 | -9.2% |
| Financial debts | 170/4 | €687,834 | €624,500 | -€63,334 | -9.2% |
| Amounts payable within one year | 42/48 | €715,945 | €830,436 | +€114,491 | +16.0% |
| Current portion of amounts payable after more than one year | 42 | €63,129 | €63,334 | +€205 | +0.3% |
| Trade debts | 44 | €105,871 | €280,818 | +€174,947 | +165% |
| Suppliers | 440/4 | €105,871 | €280,818 | +€174,947 | +165% |
| Advances received on contracts in progress | 46 | €8,593 | - | -€8,593 | |
| Taxes, remuneration and social security | 45 | €67,630 | €94,316 | +€26,685 | +39.5% |
| Taxes | 450/3 | €51,543 | €75,924 | +€24,381 | +47.3% |
| Remuneration and social security | 454/9 | €16,087 | €18,391 | +€2,304 | +14.3% |
| Other amounts payable | 47/48 | €470,722 | €391,969 | -€78,753 | -16.7% |
| Accrued charges and deferred income | 492/3 | - | €19,414 | +€19,414 | |
| Remuneration, social security and pensions | 62 | €102,374 | €108,551 | +€6,177 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €140,221 | €167,740 | +€27,519 | +19.6% |
| Other operating charges | 640/8 | €13,981 | €11,440 | -€2,540 | -18.2% |
| Gross operating margin | 9900 | €721,046 | €500,341 | -€220,705 | -30.6% |
| Operating profit (loss) | 9901 | €464,471 | €212,610 | -€251,861 | -54.2% |
| Financial income | 75/76B | €1,631 | €362 | -€1,269 | -77.8% |
| Recurring financial income | 75 | €1,631 | €362 | -€1,269 | -77.8% |
| Financial charges | 65/66B | €11,463 | €21,100 | +€9,637 | +84.1% |
| Recurring financial charges | 65 | €11,463 | €21,100 | +€9,637 | +84.1% |
| Profit (loss) for the period before taxes | 9903 | €454,639 | €191,872 | -€262,767 | -57.8% |
| Income taxes | 67/77 | €124,795 | €66,723 | -€58,072 | -46.5% |
| Profit (loss) for the period | 9904 | €329,844 | €125,148 | -€204,695 | -62.1% |
| Profit (loss) for the period to be appropriated | 9905 | €329,844 | €125,148 | -€204,695 | -62.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.