OLACO: 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.
OLACO
Largest movements
- Intangible fixed assets -€12,549
down €12,549 (-26.7%), from €47,059 to €34,510
- Cash -€5,190
down €5,190 (-60.1%), from €8,638 to €3,448
mainly Other debts (-€24,647) and Trade debts (-€9,580)
- Stocks and contracts -€2,934
down €2,934 (-3.7%), from €78,928 to €75,993
- Tangible fixed assets -€2,465
down €2,465 (-18.9%), from €13,048 to €10,583
of which Other tangible fixed assets: -€1,274
- Profit (loss) carried forward +€24,780
up €24,780 (+22.2%), from -€111,524 to -€86,744
- Other debts -€24,647
down €24,647 (-29.5%), from €83,651 to €59,004
- Trade debts -€9,580
down €9,580 (-10.9%), from €88,198 to €78,618
- Current portion of long-term debt -€9,102
down €9,102 (-52.5%), from €17,321 to €8,220
- Debts after one year -€7,321
no longer reported in 2025 (was €7,321)
- Gross operating margin +€73,253
up €73,253 (+76.1%), from €96,254 to €169,507
- Staff costs +€28,056
up €28,056 (+29.2%), from €96,075 to €124,131
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.
Cash bridge derived
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 | €153,768 | €131,100 | -€22,667 | -14.7% |
| Fixed assets | 21/28 | €60,470 | €45,456 | -€15,014 | -24.8% |
| Intangible fixed assets | 21 | €47,059 | €34,510 | -€12,549 | -26.7% |
| Tangible fixed assets | 22/27 | €13,048 | €10,583 | -€2,465 | -18.9% |
| Furniture and vehicles | 24 | €2,734 | €1,543 | -€1,191 | -43.6% |
| Other tangible fixed assets | 26 | €10,314 | €9,040 | -€1,274 | -12.4% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €93,298 | €85,645 | -€7,653 | -8.2% |
| Stocks and contracts in progress | 3 | €78,928 | €75,993 | -€2,934 | -3.7% |
| Stocks | 30/36 | €78,928 | €75,993 | -€2,934 | -3.7% |
| Amounts receivable within one year | 40/41 | €5,154 | €5,737 | +€583 | +11.3% |
| Trade receivables | 40 | €1,457 | €1,212 | -€245 | -16.8% |
| Other amounts receivable | 41 | €3,697 | €4,525 | +€827 | +22.4% |
| Cash at bank and in hand | 54/58 | €8,638 | €3,448 | -€5,190 | -60.1% |
| Deferred charges and accrued income | 490/1 | €578 | €467 | -€111 | -19.3% |
| Total equity and liabilities | 10/49 | €153,768 | €131,100 | -€22,667 | -14.7% |
| Equity | 10/15 | -€92,932 | -€68,152 | +€24,780 | +26.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€111,524 | -€86,744 | +€24,780 | +22.2% |
| Amounts payable | 17/49 | €246,700 | €199,252 | -€47,448 | -19.2% |
| Amounts payable after more than one year | 17 | €7,321 | - | -€7,321 | |
| Financial debts | 170/4 | €7,321 | - | -€7,321 | |
| Amounts payable within one year | 42/48 | €219,396 | €180,326 | -€39,070 | -17.8% |
| Current portion of amounts payable after more than one year | 42 | €17,321 | €8,220 | -€9,102 | -52.5% |
| Financial debts | 43 | €8,244 | €9,216 | +€972 | +11.8% |
| Credit institutions | 430/8 | €8,244 | €9,216 | +€972 | +11.8% |
| Trade debts | 44 | €88,198 | €78,618 | -€9,580 | -10.9% |
| Suppliers | 440/4 | €88,198 | €78,618 | -€9,580 | -10.9% |
| Advances received on contracts in progress | 46 | €268 | - | -€268 | |
| Taxes, remuneration and social security | 45 | €21,714 | €25,268 | +€3,554 | +16.4% |
| Taxes | 450/3 | €3,716 | €4,502 | +€786 | +21.2% |
| Remuneration and social security | 454/9 | €17,998 | €20,766 | +€2,768 | +15.4% |
| Other amounts payable | 47/48 | €83,651 | €59,004 | -€24,647 | -29.5% |
| Accrued charges and deferred income | 492/3 | €19,983 | €18,926 | -€1,057 | -5.3% |
| Remuneration, social security and pensions | 62 | €96,075 | €124,131 | +€28,056 | +29.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,656 | €15,014 | +€1,358 | +9.9% |
| Other operating charges | 640/8 | €2,574 | €1,111 | -€1,463 | -56.8% |
| Non-recurring operating charges | 66A | €1,453 | - | -€1,453 | |
| Gross operating margin | 9900 | €96,254 | €169,507 | +€73,253 | +76.1% |
| Operating profit (loss) | 9901 | -€17,503 | €29,251 | +€46,754 | |
| Financial income | 75/76B | €214 | €1 | -€213 | -99.6% |
| Recurring financial income | 75 | €214 | €1 | -€213 | -99.6% |
| Financial charges | 65/66B | €4,854 | €4,471 | -€383 | -7.9% |
| Recurring financial charges | 65 | €4,854 | €4,471 | -€383 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | -€22,144 | €24,780 | +€46,924 | |
| Income taxes | 67/77 | €1 | - | -€1 | |
| Profit (loss) for the period | 9904 | -€22,144 | €24,780 | +€46,925 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,144 | €24,780 | +€46,925 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.