OLAXCO: 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.
What changed
OLAXCO
NACE 56.111, Full-service restaurants
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€13,817
2024 · -€979+€14,796
Equity
€138,525
2024 · €125,542+€12,984
Cash
€528
2024 · €306+€221
Balance sheet total
€376,247
2024 · €395,226-€18,979
Largest movements
Assets
- Receivables after one year +€20,000
up €20,000 (+50.0%), from €40,000 to €60,000
- Tangible fixed assets -€18,663
down €18,663 (-6.4%), from €290,206 to €271,543
of which Land and buildings: -€12,096
- Intangible fixed assets -€14,500
down €14,500 (-33.3%), from €43,500 to €29,000
- Deferred charges and accrued income -€4,094
down €4,094 (-24.6%), from €16,633 to €12,540
Equity and liabilities
- Current portion of long-term debt -€19,645
down €19,645 (-50.5%), from €38,879 to €19,234
- Profit (loss) carried forward +€18,107
up €18,107 (+71.4%), from -€25,346 to -€7,239
- Accrued charges and deferred income -€8,044
down €8,044 (-68.1%), from €11,804 to €3,760
- Trade debts -€7,276
down €7,276 (-29.5%), from €24,691 to €17,415
- Reserves -€5,123
down €5,123 (-3.9%), from €132,137 to €127,014
of which Tax-exempt reserves: -€5,123
Income statement
- Other operating charges -€10,381
down €10,381 (-67.4%), from €15,404 to €5,024
- Gross operating margin +€5,241
up €5,241 (+3.9%), from €135,560 to €140,801
- Taxes +€4,815
up €4,815 (+195%), from €2,474 to €7,289
- Staff costs -€2,707
down €2,707 (-3.5%), from €77,648 to €74,940
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.
Result 2024
-€979
Gross operating margin
+€5,241
Staff costs
+€2,707
Depreciation
-€108
Other operating charges
+€10,381
Other operating items
+€771
Financial income
+€486
Financial charges
+€134
Taxes
-€4,815
Result 2025
€13,817
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€17,444
Investment
+€60
Financing
-€17,283
Cash 2024
€306
From operations (derived)
+€17,444
Net result for the year
+€13,817
Depreciation
+€33,163
Receivables after one year
-€20,000
Receivables within one year
+€1,883
Deferred charges and accrued income
+€4,094
Provisions
-€2,759
Trade debts
-€7,276
Tax, wage and social debts
+€3,751
Other debts
-€1,184
Accrued charges and deferred income
-€8,044
Investment (derived)
+€60
Investment in fixed assets (net)
+€60
Financing
-€17,283
Debts after one year
+€3,266
Current portion of long-term debt
-€19,645
Short-term financial debts
-€71
Contributions, distributions and other
-€833
Cash 2025
€528
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €395,226 | €376,247 | -€18,979 | -4.8% |
| Fixed assets | 21/28 | €333,766 | €300,543 | -€33,223 | -10.0% |
| Intangible fixed assets | 21 | €43,500 | €29,000 | -€14,500 | -33.3% |
| Tangible fixed assets | 22/27 | €290,206 | €271,543 | -€18,663 | -6.4% |
| Land and buildings | 22 | €276,153 | €264,057 | -€12,096 | -4.4% |
| Plant, machinery and equipment | 23 | €13,456 | €7,389 | -€6,067 | -45.1% |
| Furniture and vehicles | 24 | €597 | €98 | -€500 | -83.6% |
| Financial fixed assets | 28 | €60 | €0 | -€60 | -100% |
| Current assets | 29/58 | €61,459 | €75,704 | +€14,244 | +23.2% |
| Amounts receivable after more than one year | 29 | €40,000 | €60,000 | +€20,000 | +50.0% |
| Other amounts receivable | 291 | €40,000 | €60,000 | +€20,000 | +50.0% |
| Stocks and contracts in progress | 3 | €2,000 | €2,000 | = | 0.0% |
| Stocks | 30/36 | €2,000 | €2,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,519 | €636 | -€1,883 | -74.7% |
| Trade receivables | 40 | €2,519 | €512 | -€2,007 | -79.7% |
| Other amounts receivable | 41 | €0 | €124 | +€124 | |
| Cash at bank and in hand | 54/58 | €306 | €528 | +€221 | +72.3% |
| Deferred charges and accrued income | 490/1 | €16,633 | €12,540 | -€4,094 | -24.6% |
| Total equity and liabilities | 10/49 | €395,226 | €376,247 | -€18,979 | -4.8% |
| Equity | 10/15 | €125,542 | €138,525 | +€12,984 | +10.3% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €132,137 | €127,014 | -€5,123 | -3.9% |
| Tax-exempt reserves | 132 | €87,852 | €82,729 | -€5,123 | -5.8% |
| Distributable reserves | 133 | €44,285 | €44,285 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,346 | -€7,239 | +€18,107 | +71.4% |
| Provisions and deferred taxes | 16 | €45,056 | €42,298 | -€2,759 | -6.1% |
| Deferred taxes | 168 | €45,056 | €42,298 | -€2,759 | -6.1% |
| Amounts payable | 17/49 | €224,628 | €195,424 | -€29,204 | -13.0% |
| Amounts payable after more than one year | 17 | €97,537 | €100,803 | +€3,266 | +3.3% |
| Financial debts | 170/4 | €97,537 | €100,803 | +€3,266 | +3.3% |
| Amounts payable within one year | 42/48 | €115,287 | €90,861 | -€24,426 | -21.2% |
| Current portion of amounts payable after more than one year | 42 | €38,879 | €19,234 | -€19,645 | -50.5% |
| Financial debts | 43 | €25,542 | €25,470 | -€71 | -0.3% |
| Credit institutions | 430/8 | €25,542 | €25,470 | -€71 | -0.3% |
| Trade debts | 44 | €24,691 | €17,415 | -€7,276 | -29.5% |
| Suppliers | 440/4 | €24,691 | €17,415 | -€7,276 | -29.5% |
| Taxes, remuneration and social security | 45 | €22,926 | €26,676 | +€3,751 | +16.4% |
| Taxes | 450/3 | €13,052 | €16,952 | +€3,900 | +29.9% |
| Remuneration and social security | 454/9 | €9,873 | €9,724 | -€149 | -1.5% |
| Other amounts payable | 47/48 | €3,250 | €2,066 | -€1,184 | -36.4% |
| Accrued charges and deferred income | 492/3 | €11,804 | €3,760 | -€8,044 | -68.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €77,648 | €74,940 | -€2,707 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,055 | €33,163 | +€108 | +0.3% |
| Other operating charges | 640/8 | €15,404 | €5,024 | -€10,381 | -67.4% |
| Non-recurring operating charges | 66A | €771 | €0 | -€771 | -100% |
| Gross operating margin | 9900 | €135,560 | €140,801 | +€5,241 | +3.9% |
| Operating profit (loss) | 9901 | €8,683 | €27,674 | +€18,991 | +219% |
| Financial income | 75/76B | €788 | €1,273 | +€486 | +61.6% |
| Recurring financial income | 75 | €788 | €1,273 | +€486 | +61.6% |
| Financial charges | 65/66B | €10,734 | €10,600 | -€134 | -1.2% |
| Recurring financial charges | 65 | €10,734 | €10,600 | -€134 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,264 | €18,347 | +€19,611 | |
| Transfer from deferred taxes | 780 | €2,759 | €2,759 | = | 0.0% |
| Income taxes | 67/77 | €2,474 | €7,289 | +€4,815 | +195% |
| Profit (loss) for the period | 9904 | -€979 | €13,817 | +€14,796 | |
| Transfer from tax-exempt reserves | 789 | €5,511 | €5,511 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €388 | €388 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,144 | €18,940 | +€14,796 | +357% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.