OLBAPA: 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
OLBAPA
NACE 47.711, Retail sale of women's outerwear
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€23,860
2024 · €28,511-€4,650
Equity
€1.4m
2024 · €1.4m+€23,860
Cash
€30,044
2024 · €32,930-€2,887
Balance sheet total
€2.3m
2024 · €2.4m-€46,954
Largest movements
Assets
- Tangible fixed assets -€50,060
down €50,060 (-3.4%), from €1.5m to €1.4m
of which Plant, machinery and equipment: -€25,293
- Stocks and contracts +€29,496
up €29,496 (+4.3%), from €688,673 to €718,169
Equity and liabilities
- Trade debts +€114,802
up €114,802 (+101%), from €113,474 to €228,276
- Debts after one year -€98,506
down €98,506 (-35.6%), from €276,362 to €177,856
- Tax, wage and social debts -€90,158
down €90,158 (-65.6%), from €137,537 to €47,379
of which Taxes: -€94,596
- Profit (loss) carried forward +€23,860
up €23,860 (+36.4%), from -€65,632 to -€41,772
Income statement
- Staff costs +€40,480
up €40,480 (+17.4%), from €232,167 to €272,647
- Gross operating margin +€14,971
up €14,971 (+3.4%), from €438,255 to €453,226
- Other operating charges -€9,617
down €9,617 (-16.8%), from €57,346 to €47,729
- Financial charges -€7,974
down €7,974 (-14.6%), from €54,582 to €46,607
- Taxes +€7,832
up €7,832 (+4,668%), from €168 to €8,000
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
€28,511
Gross operating margin
+€14,971
Staff costs
-€40,480
Depreciation
+€442
Other operating charges
+€9,617
Other operating items
+€6,517
Financial income
+€4,141
Financial charges
+€7,974
Taxes
-€7,832
Result 2025
€23,860
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
+€95,090
Investment
+€5,391
Financing
-€103,368
Cash 2024
€32,930
From operations (derived)
+€95,090
Net result for the year
+€23,860
Depreciation
+€59,669
Stocks and contracts
-€29,496
Receivables within one year
-€3,218
Deferred charges and accrued income
+€11,721
Trade debts
+€114,802
Tax, wage and social debts
-€90,158
Other debts
+€7,910
Investment (derived)
+€5,391
Investment in fixed assets (net)
+€5,391
Financing
-€103,368
Debts after one year
-€98,506
Current portion of long-term debt
-€5,048
Short-term financial debts
+€186
Cash 2025
€30,044
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,380,131 | €2,333,177 | -€46,954 | -2.0% |
| Fixed assets | 21/28 | €1,534,575 | €1,469,514 | -€65,060 | -4.2% |
| Tangible fixed assets | 22/27 | €1,468,767 | €1,418,707 | -€50,060 | -3.4% |
| Land and buildings | 22 | €1,393,263 | €1,371,587 | -€21,676 | -1.6% |
| Plant, machinery and equipment | 23 | €40,833 | €15,540 | -€25,293 | -61.9% |
| Furniture and vehicles | 24 | €6,548 | €12,414 | +€5,866 | +89.6% |
| Other tangible fixed assets | 26 | €28,123 | €19,167 | -€8,956 | -31.8% |
| Financial fixed assets | 28 | €65,807 | €50,807 | -€15,000 | -22.8% |
| Current assets | 29/58 | €845,557 | €863,663 | +€18,106 | +2.1% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €688,673 | €718,169 | +€29,496 | +4.3% |
| Stocks | 30/36 | €688,673 | €718,169 | +€29,496 | +4.3% |
| Amounts receivable within one year | 40/41 | €12,232 | €15,450 | +€3,218 | +26.3% |
| Trade receivables | 40 | €7,169 | €10,387 | +€3,218 | +44.9% |
| Other amounts receivable | 41 | €5,062 | €5,062 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €32,930 | €30,044 | -€2,887 | -8.8% |
| Deferred charges and accrued income | 490/1 | €11,721 | - | -€11,721 | |
| Total equity and liabilities | 10/49 | €2,380,131 | €2,333,177 | -€46,954 | -2.0% |
| Equity | 10/15 | €1,352,988 | €1,376,848 | +€23,860 | +1.8% |
| Contributions | 10/11 | €460,625 | €460,625 | = | 0.0% |
| Capital | 10 | €460,625 | €460,625 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Uncalled capital | 101 | €39,375 | €39,375 | = | 0.0% |
| Revaluation surpluses | 12 | €951,795 | €951,795 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,632 | -€41,772 | +€23,860 | +36.4% |
| Amounts payable | 17/49 | €1,027,144 | €956,329 | -€70,814 | -6.9% |
| Amounts payable after more than one year | 17 | €276,362 | €177,856 | -€98,506 | -35.6% |
| Financial debts | 170/4 | €276,362 | €177,856 | -€98,506 | -35.6% |
| Amounts payable within one year | 42/48 | €750,781 | €778,473 | +€27,692 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €111,554 | €106,506 | -€5,048 | -4.5% |
| Financial debts | 43 | €359,642 | €359,828 | +€186 | +0.1% |
| Credit institutions | 430/8 | €359,642 | €359,828 | +€186 | +0.1% |
| Trade debts | 44 | €113,474 | €228,276 | +€114,802 | +101% |
| Suppliers | 440/4 | €113,474 | €228,276 | +€114,802 | +101% |
| Taxes, remuneration and social security | 45 | €137,537 | €47,379 | -€90,158 | -65.6% |
| Taxes | 450/3 | €102,596 | €8,000 | -€94,596 | -92.2% |
| Remuneration and social security | 454/9 | €34,941 | €39,379 | +€4,438 | +12.7% |
| Other amounts payable | 47/48 | €28,574 | €36,484 | +€7,910 | +27.7% |
| Remuneration, social security and pensions | 62 | €232,167 | €272,647 | +€40,480 | +17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,111 | €59,669 | -€442 | -0.7% |
| Other operating charges | 640/8 | €57,346 | €47,729 | -€9,617 | -16.8% |
| Non-recurring operating charges | 66A | €6,517 | - | -€6,517 | |
| Gross operating margin | 9900 | €438,255 | €453,226 | +€14,971 | +3.4% |
| Operating profit (loss) | 9901 | €82,114 | €73,180 | -€8,933 | -10.9% |
| Financial income | 75/76B | €1,147 | €5,287 | +€4,141 | +361% |
| Recurring financial income | 75 | €1,147 | €5,287 | +€4,141 | +361% |
| Financial charges | 65/66B | €54,582 | €46,607 | -€7,974 | -14.6% |
| Recurring financial charges | 65 | €54,582 | €46,607 | -€7,974 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €28,678 | €31,860 | +€3,182 | +11.1% |
| Income taxes | 67/77 | €168 | €8,000 | +€7,832 | +4,668% |
| Profit (loss) for the period | 9904 | €28,511 | €23,860 | -€4,650 | -16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €28,511 | €23,860 | -€4,650 | -16.3% |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.