OLAY: 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.
OLAY
Largest movements
- Tangible fixed assets +€28,836
up €28,836 (+74.8%), from €38,571 to €67,407
of which Furniture and vehicles: +€21,625
- Cash +€22,427
up €22,427 (+39.5%), from €56,726 to €79,153
mainly Net result for the year (+€60,596) and Debts after one year (+€32,361)
- Stocks and contracts -€14,345
down €14,345 (-8.6%), from €165,845 to €151,500
- Receivables within one year -€10,465
down €10,465 (-92.9%), from €11,266 to €802
of which Trade receivables: -€11,090
- Other debts -€48,696
down €48,696 (-99.5%), from €48,954 to €258
- Debts after one year +€32,361
up €32,361 (+756.0%), from €4,281 to €36,642
- Trade debts +€30,449
up €30,449 (+201.0%), from €15,146 to €45,596
- Tax, wage and social debts +€5,420
up €5,420 (+51.1%), from €10,612 to €16,032
of which Remuneration and social security: +€3,953
- Reserves +€4,460
up €4,460 (+2.5%), from €181,638 to €186,098
of which Distributable reserves: +€4,460
- Gross operating margin +€38,143
up €38,143 (+33.6%), from €113,449 to €151,591
- Staff costs +€11,697
up €11,697 (+44.6%), from €26,254 to €37,951
- Taxes +€5,349
up €5,349 (+31.7%), from €16,885 to €22,233
- Depreciation +€3,811
up €3,811 (+19.5%), from €19,522 to €23,334
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 | €278,476 | €305,867 | +€27,391 | +9.8% |
| Fixed assets | 21/28 | €38,571 | €67,407 | +€28,836 | +74.8% |
| Tangible fixed assets | 22/27 | €38,571 | €67,407 | +€28,836 | +74.8% |
| Land and buildings | 22 | €8,208 | €14,330 | +€6,122 | +74.6% |
| Plant, machinery and equipment | 23 | €5,347 | €6,436 | +€1,089 | +20.4% |
| Furniture and vehicles | 24 | €25,016 | €46,640 | +€21,625 | +86.4% |
| Current assets | 29/58 | €239,906 | €238,461 | -€1,445 | -0.6% |
| Stocks and contracts in progress | 3 | €165,845 | €151,500 | -€14,345 | -8.6% |
| Stocks | 30/36 | €165,845 | €151,500 | -€14,345 | -8.6% |
| Amounts receivable within one year | 40/41 | €11,266 | €802 | -€10,465 | -92.9% |
| Trade receivables | 40 | €11,266 | €176 | -€11,090 | -98.4% |
| Other amounts receivable | 41 | - | €626 | +€626 | |
| Cash at bank and in hand | 54/58 | €56,726 | €79,153 | +€22,427 | +39.5% |
| Deferred charges and accrued income | 490/1 | €6,069 | €7,006 | +€937 | +15.4% |
| Total equity and liabilities | 10/49 | €278,476 | €305,867 | +€27,391 | +9.8% |
| Equity | 10/15 | €187,838 | €192,298 | +€4,460 | +2.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €181,638 | €186,098 | +€4,460 | +2.5% |
| Tax-exempt reserves | 132 | €930 | €930 | = | 0.0% |
| Distributable reserves | 133 | €180,708 | €185,168 | +€4,460 | +2.5% |
| Amounts payable | 17/49 | €90,639 | €113,570 | +€22,931 | +25.3% |
| Amounts payable after more than one year | 17 | €4,281 | €36,642 | +€32,361 | +756.0% |
| Financial debts | 170/4 | €4,281 | €36,642 | +€32,361 | +756.0% |
| Amounts payable within one year | 42/48 | €84,900 | €75,404 | -€9,496 | -11.2% |
| Current portion of amounts payable after more than one year | 42 | €10,188 | €13,518 | +€3,331 | +32.7% |
| Trade debts | 44 | €15,146 | €45,596 | +€30,449 | +201.0% |
| Suppliers | 440/4 | €15,146 | €45,596 | +€30,449 | +201.0% |
| Taxes, remuneration and social security | 45 | €10,612 | €16,032 | +€5,420 | +51.1% |
| Taxes | 450/3 | €7,562 | €9,028 | +€1,467 | +19.4% |
| Remuneration and social security | 454/9 | €3,051 | €7,004 | +€3,953 | +129.6% |
| Other amounts payable | 47/48 | €48,954 | €258 | -€48,696 | -99.5% |
| Accrued charges and deferred income | 492/3 | €1,458 | €1,525 | +€67 | +4.6% |
| Remuneration, social security and pensions | 62 | €26,254 | €37,951 | +€11,697 | +44.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,522 | €23,334 | +€3,811 | +19.5% |
| Other operating charges | 640/8 | €1,564 | €1,715 | +€151 | +9.6% |
| Gross operating margin | 9900 | €113,449 | €151,591 | +€38,143 | +33.6% |
| Operating profit (loss) | 9901 | €66,109 | €88,592 | +€22,483 | +34.0% |
| Financial income | 75/76B | €25 | €32 | +€8 | +30.6% |
| Recurring financial income | 75 | €25 | €32 | +€8 | +30.6% |
| Financial charges | 65/66B | €6,028 | €5,795 | -€233 | -3.9% |
| Recurring financial charges | 65 | €6,028 | €5,795 | -€233 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €60,106 | €82,829 | +€22,724 | +37.8% |
| Income taxes | 67/77 | €16,885 | €22,233 | +€5,349 | +31.7% |
| Profit (loss) for the period | 9904 | €43,221 | €60,596 | +€17,375 | +40.2% |
| Profit (loss) for the period to be appropriated | 9905 | €43,221 | €60,596 | +€17,375 | +40.2% |
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 6 October 2026 via checked.be.