OLBRECHTS BVBA: 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 BVBA
Largest movements
- Tangible fixed assets +€2.2m
up €2.2m (+51.0%), from €4.3m to €6.5m
of which Land and buildings: +€1.6m
- Current investments +€849,908
up €849,908 (+121%), from €700,059 to €1.5m
- Deferred charges and accrued income +€100,009
up €100,009 (+23.0%), from €435,148 to €535,157
- Debts after one year +€2.3m
up €2.3m (+84.2%), from €2.7m to €5.0m
- Reserves +€428,657
up €428,657 (+21.7%), from €2.0m to €2.4m
- Trade debts +€238,067
up €238,067 (+59.4%), from €400,614 to €638,681
- Gross operating margin -€329,970
down €329,970 (-9.9%), from €3.3m to €3.0m
- Staff costs -€295,855
down €295,855 (-19.1%), from €1.6m to €1.3m
- Depreciation +€178,664
up €178,664 (+22.2%), from €803,787 to €982,451
- Financial charges +€89,432
up €89,432 (+46.0%), from €194,332 to €283,764
of which Financial charges: +€89,432
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,538,375 | €9,521,780 | +€3.0m | +45.6% |
| Fixed assets | 21/28 | €4,329,532 | €6,539,696 | +€2.2m | +51.0% |
| Tangible fixed assets | 22/27 | €4,329,532 | €6,539,696 | +€2.2m | +51.0% |
| Land and buildings | 22 | €2,658,311 | €4,239,511 | +€1.6m | +59.5% |
| Plant, machinery and equipment | 23 | €1,483,204 | €2,151,995 | +€668,791 | +45.1% |
| Furniture and vehicles | 24 | €188,017 | €148,190 | -€39,827 | -21.2% |
| Current assets | 29/58 | €2,208,842 | €2,982,083 | +€773,241 | +35.0% |
| Amounts receivable within one year | 40/41 | €647,244 | €555,006 | -€92,238 | -14.3% |
| Trade receivables | 40 | €552,839 | €491,160 | -€61,679 | -11.2% |
| Other amounts receivable | 41 | €94,405 | €63,846 | -€30,559 | -32.4% |
| Current investments | 50/53 | €700,059 | €1,549,967 | +€849,908 | +121% |
| Cash at bank and in hand | 54/58 | €426,391 | €341,953 | -€84,438 | -19.8% |
| Deferred charges and accrued income | 490/1 | €435,148 | €535,157 | +€100,009 | +23.0% |
| Total equity and liabilities | 10/49 | €6,538,375 | €9,521,780 | +€3.0m | +45.6% |
| Equity | 10/15 | €2,703,062 | €3,131,719 | +€428,657 | +15.9% |
| Contributions | 10/11 | €727,425 | €727,425 | = | 0.0% |
| Reserves | 13 | €1,975,637 | €2,404,294 | +€428,657 | +21.7% |
| Distributable reserves | 133 | €1,975,637 | €2,404,294 | +€428,657 | +21.7% |
| Amounts payable | 17/49 | €3,835,313 | €6,390,061 | +€2.6m | +66.6% |
| Amounts payable after more than one year | 17 | €2,694,682 | €4,964,757 | +€2.3m | +84.2% |
| Financial debts | 170/4 | €2,694,682 | €4,964,757 | +€2.3m | +84.2% |
| Amounts payable within one year | 42/48 | €1,140,631 | €1,425,304 | +€284,673 | +25.0% |
| Current portion of amounts payable after more than one year | 42 | €600,336 | €636,425 | +€36,089 | +6.0% |
| Trade debts | 44 | €400,614 | €638,681 | +€238,067 | +59.4% |
| Suppliers | 440/4 | €400,614 | €638,681 | +€238,067 | +59.4% |
| Taxes, remuneration and social security | 45 | €123,555 | €123,267 | -€288 | -0.2% |
| Taxes | 450/3 | €10,031 | €10,384 | +€353 | +3.5% |
| Remuneration and social security | 454/9 | €113,523 | €112,882 | -€641 | -0.6% |
| Other amounts payable | 47/48 | €16,127 | €26,932 | +€10,805 | +67.0% |
| Non-recurring operating income | 76A | - | €15,866 | +€15,866 | |
| Remuneration, social security and pensions | 62 | €1,551,582 | €1,255,727 | -€295,855 | -19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €803,787 | €982,451 | +€178,664 | +22.2% |
| Other operating charges | 640/8 | €21,434 | €22,252 | +€819 | +3.8% |
| Gross operating margin | 9900 | €3,326,857 | €2,996,887 | -€329,970 | -9.9% |
| Operating profit (loss) | 9901 | €950,054 | €736,456 | -€213,598 | -22.5% |
| Financial income | 75/76B | €23,532 | €50,840 | +€27,308 | +116% |
| Recurring financial income | 75 | €23,532 | €50,840 | +€27,308 | +116% |
| Financial charges | 65/66B | €194,332 | €283,764 | +€89,432 | +46.0% |
| Recurring financial charges | 65 | €194,332 | €283,764 | +€89,432 | +46.0% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €779,254 | €503,532 | -€275,722 | -35.4% |
| Income taxes | 67/77 | €62,200 | €74,875 | +€12,675 | +20.4% |
| Profit (loss) for the period | 9904 | €717,053 | €428,657 | -€288,396 | -40.2% |
| Profit (loss) for the period to be appropriated | 9905 | €717,053 | €428,657 | -€288,396 | -40.2% |
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 30 October 2026 via checked.be.