OLBOW MANAGEMENT & CONSULTING: 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.
OLBOW MANAGEMENT & CONSULTING
Largest movements
- Current investments +€20,000
up €20,000 (+66.7%), from €30,000 to €50,000
- Receivables within one year -€8,574
down €8,574 (-42.4%), from €20,234 to €11,660
of which Trade receivables: -€8,589
- Tangible fixed assets -€3,366
down €3,366 (-100%), from €3,366 to €0
- Cash -€2,806
down €2,806 (-6.9%), from €40,956 to €38,149
mainly Current investments (-€20,000) and Tax, wage and social debts (-€2,213)
- Reserves +€7,568
up €7,568 (+34.8%), from €21,722 to €29,290
of which Distributable reserves: +€7,568
- Tax, wage and social debts -€2,213
down €2,213 (-21.4%), from €10,350 to €8,137
of which Taxes: -€2,213
- Gross operating margin -€8,487
down €8,487 (-31.5%), from €26,955 to €18,468
- Taxes +€2,664
up €2,664 (+90.5%), from €2,943 to €5,608
- Financial income -€1,401
down €1,401 (-82.3%), from €1,703 to €302
- Depreciation -€1,214
down €1,214 (-26.5%), from €4,579 to €3,366
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €97,381 | €102,796 | +€5,416 | +5.6% |
| Fixed assets | 21/28 | €3,366 | €0 | -€3,366 | -100% |
| Tangible fixed assets | 22/27 | €3,366 | €0 | -€3,366 | -100% |
| Furniture and vehicles | 24 | €3,366 | €0 | -€3,366 | -100% |
| Current assets | 29/58 | €94,015 | €102,796 | +€8,781 | +9.3% |
| Amounts receivable within one year | 40/41 | €20,234 | €11,660 | -€8,574 | -42.4% |
| Trade receivables | 40 | €20,205 | €11,616 | -€8,589 | -42.5% |
| Other amounts receivable | 41 | €30 | €44 | +€15 | +50.5% |
| Current investments | 50/53 | €30,000 | €50,000 | +€20,000 | +66.7% |
| Cash at bank and in hand | 54/58 | €40,956 | €38,149 | -€2,806 | -6.9% |
| Deferred charges and accrued income | 490/1 | €2,825 | €2,987 | +€162 | +5.7% |
| Total equity and liabilities | 10/49 | €97,381 | €102,796 | +€5,416 | +5.6% |
| Equity | 10/15 | €83,473 | €91,041 | +€7,568 | +9.1% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €21,722 | €29,290 | +€7,568 | +34.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €19,862 | €27,430 | +€7,568 | +38.1% |
| Profit (loss) carried forward | 14 | €49,252 | €49,252 | +€0 | 0.0% |
| Amounts payable | 17/49 | €13,907 | €11,755 | -€2,152 | -15.5% |
| Amounts payable within one year | 42/48 | €13,907 | €11,755 | -€2,152 | -15.5% |
| Financial debts | 43 | €274 | €809 | +€535 | +195% |
| Credit institutions | 430/8 | €274 | €809 | +€535 | +195% |
| Trade debts | 44 | €1,852 | €1,336 | -€516 | -27.9% |
| Suppliers | 440/4 | €1,852 | €1,336 | -€516 | -27.9% |
| Taxes, remuneration and social security | 45 | €10,350 | €8,137 | -€2,213 | -21.4% |
| Taxes | 450/3 | €8,000 | €5,787 | -€2,213 | -27.7% |
| Remuneration and social security | 454/9 | €2,350 | €2,350 | = | 0.0% |
| Other amounts payable | 47/48 | €1,431 | €1,473 | +€42 | +2.9% |
| Remuneration, social security and pensions | 62 | - | €250 | +€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,579 | €3,366 | -€1,214 | -26.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,121 | €1,022 | -€99 | -8.9% |
| Gross operating margin | 9900 | €26,955 | €18,468 | -€8,487 | -31.5% |
| Operating profit (loss) | 9901 | €21,254 | €13,830 | -€7,424 | -34.9% |
| Financial income | 75/76B | €1,703 | €302 | -€1,401 | -82.3% |
| Recurring financial income | 75 | €1,703 | €302 | -€1,401 | -82.3% |
| Financial charges | 65/66B | €152 | €124 | -€28 | -18.7% |
| Recurring financial charges | 65 | €152 | €124 | -€28 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €22,805 | €14,009 | -€8,796 | -38.6% |
| Income taxes | 67/77 | €2,943 | €5,608 | +€2,664 | +90.5% |
| Profit (loss) for the period | 9904 | €19,862 | €8,401 | -€11,461 | -57.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,862 | €8,401 | -€11,461 | -57.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.