OLBO: 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.
OLBO
Largest movements
- Receivables within one year -€814,899
down €814,899 (-99.2%), from €821,657 to €6,758
of which Trade receivables: -€821,657
- Tangible fixed assets -€281,052
down €281,052 (-20.8%), from €1.4m to €1.1m
of which Other tangible fixed assets: -€259,899
- Debts after one year -€444,000
down €444,000 (-38.9%), from €1.1m to €696,122
- Trade debts -€356,864
down €356,864 (-100.0%), from €357,012 to €147
- Profit (loss) carried forward -€188,231
down €188,231, from €33,255 to -€154,976
- Accrued charges and deferred income -€91,784
down €91,784 (-49.9%), from €183,810 to €92,026
- Gross operating margin -€396,950
down €396,950 (-74.6%), from €532,023 to €135,074
- Staff costs -€184,316
down €184,316 (-82.0%), from €224,841 to €40,525
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 | €2,178,161 | €1,078,917 | -€1.1m | -50.5% |
| Fixed assets | 21/28 | €1,351,612 | €1,070,560 | -€281,052 | -20.8% |
| Tangible fixed assets | 22/27 | €1,351,612 | €1,070,560 | -€281,052 | -20.8% |
| Land and buildings | 22 | €139,797 | €130,747 | -€9,049 | -6.5% |
| Plant, machinery and equipment | 23 | €31,072 | €22,920 | -€8,152 | -26.2% |
| Furniture and vehicles | 24 | €3,951 | €0 | -€3,951 | -100.0% |
| Other tangible fixed assets | 26 | €1,176,793 | €916,893 | -€259,899 | -22.1% |
| Current assets | 29/58 | €826,549 | €8,357 | -€818,192 | -99.0% |
| Amounts receivable within one year | 40/41 | €821,657 | €6,758 | -€814,899 | -99.2% |
| Trade receivables | 40 | €821,657 | - | -€821,657 | |
| Other amounts receivable | 41 | €0 | €6,758 | +€6,758 | |
| Cash at bank and in hand | 54/58 | €4,892 | €1,599 | -€3,293 | -67.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €2,178,161 | €1,078,917 | -€1.1m | -50.5% |
| Equity | 10/15 | €471,251 | €283,020 | -€188,231 | -39.9% |
| Contributions | 10/11 | €170,100 | €170,100 | = | 0.0% |
| Reserves | 13 | €267,896 | €267,896 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,010 | €17,010 | = | 0.0% |
| Reserves not available under the articles | 1311 | €17,010 | €17,010 | = | 0.0% |
| Distributable reserves | 133 | €250,886 | €250,886 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,255 | -€154,976 | -€188,231 | |
| Amounts payable | 17/49 | €1,706,910 | €795,897 | -€911,013 | -53.4% |
| Amounts payable after more than one year | 17 | €1,140,122 | €696,122 | -€444,000 | -38.9% |
| Other amounts payable | 178/9 | €1,140,122 | €696,122 | -€444,000 | -38.9% |
| Amounts payable within one year | 42/48 | €382,978 | €7,749 | -€375,229 | -98.0% |
| Trade debts | 44 | €357,012 | €147 | -€356,864 | -100.0% |
| Suppliers | 440/4 | €357,012 | €147 | -€356,864 | -100.0% |
| Taxes, remuneration and social security | 45 | €25,372 | €6,020 | -€19,352 | -76.3% |
| Taxes | 450/3 | €3,917 | €41 | -€3,875 | -98.9% |
| Remuneration and social security | 454/9 | €21,455 | €5,978 | -€15,477 | -72.1% |
| Other amounts payable | 47/48 | €595 | €1,582 | +€987 | +166.0% |
| Accrued charges and deferred income | 492/3 | €183,810 | €92,026 | -€91,784 | -49.9% |
| Remuneration, social security and pensions | 62 | €224,841 | €40,525 | -€184,316 | -82.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €282,574 | €281,052 | -€1,522 | -0.5% |
| Other operating charges | 640/8 | €2,723 | €1,687 | -€1,036 | -38.0% |
| Gross operating margin | 9900 | €532,023 | €135,074 | -€396,950 | -74.6% |
| Operating profit (loss) | 9901 | €21,886 | -€188,190 | -€210,075 | |
| Financial charges | 65/66B | €41 | €41 | +€1 | +2.1% |
| Recurring financial charges | 65 | €41 | €41 | +€1 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €21,845 | -€188,231 | -€210,076 | |
| Income taxes | 67/77 | €1,579 | - | -€1,579 | |
| Profit (loss) for the period | 9904 | €20,266 | -€188,231 | -€208,497 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,266 | -€188,231 | -€208,497 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.