OLAU: 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.
OLAU
Largest movements
- Cash -€96,189
down €96,189 (-44.0%), from €218,551 to €122,362
mainly Net result for the year (-€103,850) and Debts after one year (-€55,106)
- Receivables within one year +€34,835
up €34,835 (+58.4%), from €59,627 to €94,461
of which Other amounts receivable: +€60,000
- Intangible fixed assets -€34,812
down €34,812 (-50.0%), from €69,625 to €34,812
- Stocks and contracts -€33,168
down €33,168 (-11.1%), from €299,812 to €266,644
- Tangible fixed assets -€22,897
down €22,897 (-15.4%), from €148,274 to €125,377
of which Furniture and vehicles: -€11,823
- Profit (loss) carried forward -€103,850
down €103,850 (-139%), from -€74,881 to -€178,731
- Debts after one year -€55,106
down €55,106 (-37.5%), from €146,942 to €91,836
- Tax, wage and social debts -€18,265
down €18,265 (-22.7%), from €80,626 to €62,361
of which Taxes: -€11,650
- Short-term financial debts +€12,629
new in 2025: €12,629
- Trade debts +€9,452
up €9,452 (+2.4%), from €401,633 to €411,085
- Staff costs +€35,076
up €35,076 (+4.6%), from €765,569 to €800,645
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 | €804,221 | €646,943 | -€157,278 | -19.6% |
| Fixed assets | 21/28 | €218,324 | €160,615 | -€57,709 | -26.4% |
| Intangible fixed assets | 21 | €69,625 | €34,812 | -€34,812 | -50.0% |
| Tangible fixed assets | 22/27 | €148,274 | €125,377 | -€22,897 | -15.4% |
| Plant, machinery and equipment | 23 | €27,143 | €21,305 | -€5,838 | -21.5% |
| Furniture and vehicles | 24 | €53,313 | €41,490 | -€11,823 | -22.2% |
| Other tangible fixed assets | 26 | €67,818 | €62,583 | -€5,236 | -7.7% |
| Financial fixed assets | 28 | €425 | €425 | = | 0.0% |
| Current assets | 29/58 | €585,897 | €486,328 | -€99,569 | -17.0% |
| Stocks and contracts in progress | 3 | €299,812 | €266,644 | -€33,168 | -11.1% |
| Stocks | 30/36 | €299,812 | €266,644 | -€33,168 | -11.1% |
| Amounts receivable within one year | 40/41 | €59,627 | €94,461 | +€34,835 | +58.4% |
| Trade receivables | 40 | €59,627 | €34,461 | -€25,165 | -42.2% |
| Other amounts receivable | 41 | - | €60,000 | +€60,000 | |
| Cash at bank and in hand | 54/58 | €218,551 | €122,362 | -€96,189 | -44.0% |
| Deferred charges and accrued income | 490/1 | €7,907 | €2,860 | -€5,047 | -63.8% |
| Total equity and liabilities | 10/49 | €804,221 | €646,943 | -€157,278 | -19.6% |
| Equity | 10/15 | €112,079 | €8,229 | -€103,850 | -92.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €168,360 | €168,360 | = | 0.0% |
| Distributable reserves | 133 | €168,360 | €168,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,881 | -€178,731 | -€103,850 | -139% |
| Amounts payable | 17/49 | €692,142 | €638,714 | -€53,428 | -7.7% |
| Amounts payable after more than one year | 17 | €146,942 | €91,836 | -€55,106 | -37.5% |
| Financial debts | 170/4 | €146,942 | €91,836 | -€55,106 | -37.5% |
| Amounts payable within one year | 42/48 | €545,200 | €546,878 | +€1,678 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €53,940 | €55,106 | +€1,165 | +2.2% |
| Financial debts | 43 | - | €12,629 | +€12,629 | |
| Credit institutions | 430/8 | - | €12,629 | +€12,629 | |
| Trade debts | 44 | €401,633 | €411,085 | +€9,452 | +2.4% |
| Suppliers | 440/4 | €401,633 | €411,085 | +€9,452 | +2.4% |
| Taxes, remuneration and social security | 45 | €80,626 | €62,361 | -€18,265 | -22.7% |
| Taxes | 450/3 | €51,634 | €39,984 | -€11,650 | -22.6% |
| Remuneration and social security | 454/9 | €28,992 | €22,377 | -€6,615 | -22.8% |
| Other amounts payable | 47/48 | €9,000 | €5,697 | -€3,303 | -36.7% |
| Remuneration, social security and pensions | 62 | €765,569 | €800,645 | +€35,076 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,147 | €71,134 | +€5,988 | +9.2% |
| Other operating charges | 640/8 | €3,850 | €4,337 | +€487 | +12.6% |
| Gross operating margin | 9900 | €782,092 | €782,318 | +€226 | 0.0% |
| Operating profit (loss) | 9901 | -€52,474 | -€93,798 | -€41,324 | -78.8% |
| Financial income | 75/76B | €0 | €1 | +€0 | +150% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +150% |
| Financial charges | 65/66B | €14,924 | €9,929 | -€4,996 | -33.5% |
| Recurring financial charges | 65 | €14,924 | €9,929 | -€4,996 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | -€67,398 | -€103,726 | -€36,329 | -53.9% |
| Income taxes | 67/77 | - | €124 | +€124 | |
| Profit (loss) for the period | 9904 | -€67,398 | -€103,850 | -€36,453 | -54.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€67,398 | -€103,850 | -€36,453 | -54.1% |
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 18 October 2026 via checked.be.