Olaf & More: 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 & More
Largest movements
- Cash +€13,625
up €13,625 (+27.3%), from €49,823 to €63,448
mainly Net result for the year (+€27,100) and Depreciation (+€8,980)
- Receivables within one year +€10,552
up €10,552 (+597%), from €1,766 to €12,318
of which Trade receivables: +€11,011
- Tangible fixed assets -€8,980
down €8,980 (-36.0%), from €24,923 to €15,943
- Reserves +€27,100
up €27,100 (+72.5%), from €37,360 to €64,460
- Debts after one year -€8,073
down €8,073 (-56.5%), from €14,299 to €6,225
- Tax, wage and social debts -€5,608
down €5,608 (-41.6%), from €13,489 to €7,881
- Trade debts +€1,590
up €1,590 (+247%), from €645 to €2,235
- Gross operating margin +€8,180
up €8,180 (+22.4%), from €36,521 to €44,701
- Taxes +€1,730
up €1,730 (+31.0%), from €5,572 to €7,302
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 | €77,614 | €92,874 | +€15,261 | +19.7% |
| Fixed assets | 21/28 | €24,923 | €15,943 | -€8,980 | -36.0% |
| Tangible fixed assets | 22/27 | €24,923 | €15,943 | -€8,980 | -36.0% |
| Furniture and vehicles | 24 | €24,923 | €15,943 | -€8,980 | -36.0% |
| Current assets | 29/58 | €52,691 | €76,932 | +€24,241 | +46.0% |
| Amounts receivable within one year | 40/41 | €1,766 | €12,318 | +€10,552 | +597% |
| Trade receivables | 40 | €0 | €11,011 | +€11,011 | |
| Other amounts receivable | 41 | €1,766 | €1,307 | -€459 | -26.0% |
| Cash at bank and in hand | 54/58 | €49,823 | €63,448 | +€13,625 | +27.3% |
| Deferred charges and accrued income | 490/1 | €1,102 | €1,166 | +€65 | +5.9% |
| Total equity and liabilities | 10/49 | €77,614 | €92,874 | +€15,261 | +19.7% |
| Equity | 10/15 | €41,360 | €68,460 | +€27,100 | +65.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €37,360 | €64,460 | +€27,100 | +72.5% |
| Distributable reserves | 133 | €37,360 | €64,460 | +€27,100 | +72.5% |
| Amounts payable | 17/49 | €36,254 | €24,415 | -€11,839 | -32.7% |
| Amounts payable after more than one year | 17 | €14,299 | €6,225 | -€8,073 | -56.5% |
| Financial debts | 170/4 | €14,299 | €6,225 | -€8,073 | -56.5% |
| Amounts payable within one year | 42/48 | €21,955 | €18,189 | -€3,766 | -17.2% |
| Current portion of amounts payable after more than one year | 42 | €7,821 | €8,073 | +€252 | +3.2% |
| Trade debts | 44 | €645 | €2,235 | +€1,590 | +247% |
| Suppliers | 440/4 | €645 | €2,235 | +€1,590 | +247% |
| Taxes, remuneration and social security | 45 | €13,489 | €7,881 | -€5,608 | -41.6% |
| Taxes | 450/3 | €13,489 | €7,881 | -€5,608 | -41.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,980 | €8,980 | +€0 | 0.0% |
| Other operating charges | 640/8 | €969 | €748 | -€221 | -22.8% |
| Gross operating margin | 9900 | €36,521 | €44,701 | +€8,180 | +22.4% |
| Operating profit (loss) | 9901 | €26,572 | €34,973 | +€8,401 | +31.6% |
| Financial income | 75/76B | €85 | €106 | +€21 | +24.5% |
| Recurring financial income | 75 | €85 | €106 | +€21 | +24.5% |
| Financial charges | 65/66B | €909 | €678 | -€232 | -25.5% |
| Recurring financial charges | 65 | €909 | €678 | -€232 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | €25,748 | €34,402 | +€8,654 | +33.6% |
| Income taxes | 67/77 | €5,572 | €7,302 | +€1,730 | +31.0% |
| Profit (loss) for the period | 9904 | €20,176 | €27,100 | +€6,924 | +34.3% |
| Profit (loss) for the period to be appropriated | 9905 | €20,176 | €27,100 | +€6,924 | +34.3% |
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.