OLBRECHTS: 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.
OLBRECHTS
Largest movements
- Receivables after one year -€121,000
down €121,000 (-48.1%), from €251,806 to €130,806
- Cash +€109,216
up €109,216 (+216.5%), from €50,453 to €159,669
mainly Receivables after one year (+€121,000) and Net result for the year (+€15,158)
- Profit (loss) carried forward -€14,842
down €14,842 (-5.7%), from €260,370 to €245,527
- Trade debts +€6,182
up €6,182 (+55.3%), from €11,172 to €17,354
- Financial income -€2,762
down €2,762 (-41.9%), from €6,595 to €3,833
- Staff costs +€2,736
up €2,736 (+4.8%), from €56,732 to €59,468
- Taxes -€1,207
down €1,207 (-23.3%), from €5,174 to €3,967
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 | €328,691 | €316,549 | -€12,142 | -3.7% |
| Fixed assets | 21/28 | €5,455 | €4,210 | -€1,245 | -22.8% |
| Tangible fixed assets | 22/27 | €5,133 | €3,888 | -€1,245 | -24.3% |
| Plant, machinery and equipment | 23 | €5,133 | €3,888 | -€1,245 | -24.3% |
| Financial fixed assets | 28 | €322 | €322 | = | 0.0% |
| Current assets | 29/58 | €323,236 | €312,339 | -€10,897 | -3.4% |
| Amounts receivable after more than one year | 29 | €251,806 | €130,806 | -€121,000 | -48.1% |
| Other amounts receivable | 291 | €251,806 | €130,806 | -€121,000 | -48.1% |
| Stocks and contracts in progress | 3 | €10,730 | €10,730 | = | 0.0% |
| Stocks | 30/36 | €10,730 | €10,730 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,104 | €10,859 | +€755 | +7.5% |
| Other amounts receivable | 41 | €10,104 | €10,859 | +€755 | +7.5% |
| Cash at bank and in hand | 54/58 | €50,453 | €159,669 | +€109,216 | +216.5% |
| Deferred charges and accrued income | 490/1 | €144 | €275 | +€131 | +91.3% |
| Total equity and liabilities | 10/49 | €328,691 | €316,549 | -€12,142 | -3.7% |
| Equity | 10/15 | €268,430 | €253,587 | -€14,842 | -5.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €260,370 | €245,527 | -€14,842 | -5.7% |
| Amounts payable | 17/49 | €60,261 | €62,962 | +€2,700 | +4.5% |
| Amounts payable within one year | 42/48 | €59,661 | €62,525 | +€2,864 | +4.8% |
| Trade debts | 44 | €11,172 | €17,354 | +€6,182 | +55.3% |
| Suppliers | 440/4 | €11,172 | €17,354 | +€6,182 | +55.3% |
| Taxes, remuneration and social security | 45 | €18,439 | €17,167 | -€1,272 | -6.9% |
| Taxes | 450/3 | €11,976 | €10,578 | -€1,398 | -11.7% |
| Remuneration and social security | 454/9 | €6,462 | €6,588 | +€126 | +2.0% |
| Other amounts payable | 47/48 | €30,051 | €28,005 | -€2,047 | -6.8% |
| Accrued charges and deferred income | 492/3 | €600 | €436 | -€164 | -27.3% |
| Remuneration, social security and pensions | 62 | €56,732 | €59,468 | +€2,736 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,550 | €2,067 | -€482 | -18.9% |
| Other operating charges | 640/8 | €785 | €1,106 | +€321 | +40.9% |
| Gross operating margin | 9900 | €80,858 | €80,155 | -€704 | -0.9% |
| Operating profit (loss) | 9901 | €20,792 | €17,514 | -€3,278 | -15.8% |
| Financial income | 75/76B | €6,595 | €3,833 | -€2,762 | -41.9% |
| Recurring financial income | 75 | €6,595 | €3,833 | -€2,762 | -41.9% |
| Financial charges | 65/66B | €2,407 | €2,222 | -€185 | -7.7% |
| Recurring financial charges | 65 | €2,407 | €2,222 | -€185 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €24,980 | €19,125 | -€5,855 | -23.4% |
| Income taxes | 67/77 | €5,174 | €3,967 | -€1,207 | -23.3% |
| Profit (loss) for the period | 9904 | €19,805 | €15,158 | -€4,648 | -23.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,805 | €15,158 | -€4,648 | -23.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.