OLAF: 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.
OLAF
Largest movements
- Cash -€23,738
down €23,738 (-27.8%), from €85,453 to €61,715
mainly Investment in fixed assets (net) (-€32,120) and Receivables within one year (-€23,716)
- Receivables within one year +€23,716
up €23,716 (+163.5%), from €14,501 to €38,217
- Tangible fixed assets +€20,914
up €20,914 (+11.2%), from €187,301 to €208,215
of which Other tangible fixed assets: +€20,922
- Reserves +€15,170
up €15,170 (+21.3%), from €71,336 to €86,506
of which Distributable reserves: +€15,170
- Debts after one year -€8,983
down €8,983 (-5.7%), from €157,363 to €148,380
- Tax, wage and social debts +€8,732
up €8,732 (+65.5%), from €13,327 to €22,059
of which Taxes: +€6,632
- Other operating charges -€29,360
down €29,360 (-94.3%), from €31,130 to €1,770
- Gross operating margin -€10,025
down €10,025 (-18.2%), from €55,160 to €45,135
- Depreciation +€5,939
up €5,939 (+69.1%), from €8,597 to €14,537
- Taxes +€3,033
up €3,033 (+86.4%), from €3,512 to €6,545
- Financial charges +€2,990
up €2,990 (+79.7%), from €3,753 to €6,743
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 | €352,359 | €369,484 | +€17,125 | +4.9% |
| Fixed assets | 21/28 | €250,884 | €268,467 | +€17,583 | +7.0% |
| Intangible fixed assets | 21 | €63,583 | €60,251 | -€3,331 | -5.2% |
| Tangible fixed assets | 22/27 | €187,301 | €208,215 | +€20,914 | +11.2% |
| Land and buildings | 22 | €170,986 | €165,759 | -€5,227 | -3.1% |
| Plant, machinery and equipment | 23 | €1,307 | €760 | -€547 | -41.9% |
| Furniture and vehicles | 24 | €5,022 | €10,788 | +€5,766 | +114.8% |
| Other tangible fixed assets | 26 | €9,986 | €30,908 | +€20,922 | +209.5% |
| Current assets | 29/58 | €101,475 | €101,017 | -€458 | -0.5% |
| Amounts receivable within one year | 40/41 | €14,501 | €38,217 | +€23,716 | +163.5% |
| Trade receivables | 40 | €14,501 | €38,217 | +€23,716 | +163.5% |
| Cash at bank and in hand | 54/58 | €85,453 | €61,715 | -€23,738 | -27.8% |
| Deferred charges and accrued income | 490/1 | €1,520 | €1,084 | -€436 | -28.7% |
| Total equity and liabilities | 10/49 | €352,359 | €369,484 | +€17,125 | +4.9% |
| Equity | 10/15 | €148,899 | €164,069 | +€15,170 | +10.2% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €71,336 | €86,506 | +€15,170 | +21.3% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €69,481 | €84,651 | +€15,170 | +21.8% |
| Profit (loss) carried forward | 14 | €65,063 | €65,063 | = | 0.0% |
| Amounts payable | 17/49 | €203,460 | €205,415 | +€1,955 | +1.0% |
| Amounts payable after more than one year | 17 | €157,363 | €148,380 | -€8,983 | -5.7% |
| Financial debts | 170/4 | €157,363 | €148,380 | -€8,983 | -5.7% |
| Amounts payable within one year | 42/48 | €46,097 | €56,322 | +€10,225 | +22.2% |
| Current portion of amounts payable after more than one year | 42 | €8,634 | €8,973 | +€339 | +3.9% |
| Trade debts | 44 | €3,457 | €4,110 | +€653 | +18.9% |
| Suppliers | 440/4 | €3,457 | €4,110 | +€653 | +18.9% |
| Taxes, remuneration and social security | 45 | €13,327 | €22,059 | +€8,732 | +65.5% |
| Taxes | 450/3 | €11,000 | €17,633 | +€6,632 | +60.3% |
| Remuneration and social security | 454/9 | €2,327 | €4,426 | +€2,100 | +90.2% |
| Other amounts payable | 47/48 | €20,679 | €21,180 | +€501 | +2.4% |
| Accrued charges and deferred income | 492/3 | - | €713 | +€713 | |
| Remuneration, social security and pensions | 62 | €387 | €400 | +€12 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,597 | €14,537 | +€5,939 | +69.1% |
| Other operating charges | 640/8 | €31,130 | €1,770 | -€29,360 | -94.3% |
| Gross operating margin | 9900 | €55,160 | €45,135 | -€10,025 | -18.2% |
| Operating profit (loss) | 9901 | €15,046 | €28,429 | +€13,383 | +89.0% |
| Financial income | 75/76B | €30 | €29 | -€0 | -1.4% |
| Recurring financial income | 75 | €30 | €29 | -€0 | -1.4% |
| Financial charges | 65/66B | €3,753 | €6,743 | +€2,990 | +79.7% |
| Recurring financial charges | 65 | €3,753 | €6,743 | +€2,990 | +79.7% |
| Profit (loss) for the period before taxes | 9903 | €11,322 | €21,715 | +€10,393 | +91.8% |
| Income taxes | 67/77 | €3,512 | €6,545 | +€3,033 | +86.4% |
| Profit (loss) for the period | 9904 | €7,810 | €15,170 | +€7,360 | +94.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,810 | €15,170 | +€7,360 | +94.2% |
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 11 October 2026 via checked.be.