OLCADR: 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.
OLCADR
Largest movements
- Cash +€408,054
up €408,054 (+126.1%), from €323,559 to €731,613
mainly Trade debts (+€520,344) and Net result for the year (+€472,571)
- Intangible fixed assets -€100,000
down €100,000 (-11.5%), from €871,781 to €771,781
- Receivables within one year +€25,117
up €25,117 (+31.4%), from €80,060 to €105,177
of which Other amounts receivable: +€29,380
- Other debts -€586,545
down €586,545 (-71.7%), from €817,605 to €231,060
- Trade debts +€520,344
up €520,344 (+4580.9%), from €11,359 to €531,703
- Profit (loss) carried forward +€472,371
up €472,371 (+106.2%), from €444,632 to €917,002
- Advances received -€78,350
no longer reported in 2025 (was €78,350)
- Gross operating margin +€373,103
up €373,103 (+94.8%), from €393,657 to €766,760
- Taxes +€86,191
up €86,191 (+132.6%), from €64,979 to €151,170
- Financial charges +€23,524
up €23,524 (+2695.4%), from €873 to €24,397
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 | €1,377,736 | €1,693,349 | +€315,613 | +22.9% |
| Fixed assets | 21/28 | €965,244 | €851,156 | -€114,089 | -11.8% |
| Intangible fixed assets | 21 | €871,781 | €771,781 | -€100,000 | -11.5% |
| Tangible fixed assets | 22/27 | €91,211 | €77,123 | -€14,089 | -15.4% |
| Furniture and vehicles | 24 | €76,431 | €63,905 | -€12,526 | -16.4% |
| Other tangible fixed assets | 26 | €14,780 | €13,218 | -€1,562 | -10.6% |
| Financial fixed assets | 28 | €2,252 | €2,252 | = | 0.0% |
| Current assets | 29/58 | €412,491 | €842,193 | +€429,702 | +104.2% |
| Amounts receivable within one year | 40/41 | €80,060 | €105,177 | +€25,117 | +31.4% |
| Trade receivables | 40 | €60,060 | €55,797 | -€4,264 | -7.1% |
| Other amounts receivable | 41 | €20,000 | €49,380 | +€29,380 | +146.9% |
| Cash at bank and in hand | 54/58 | €323,559 | €731,613 | +€408,054 | +126.1% |
| Deferred charges and accrued income | 490/1 | €8,872 | €5,403 | -€3,469 | -39.1% |
| Total equity and liabilities | 10/49 | €1,377,736 | €1,693,349 | +€315,613 | +22.9% |
| Equity | 10/15 | €446,632 | €919,002 | +€472,371 | +105.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €444,632 | €917,002 | +€472,371 | +106.2% |
| Amounts payable | 17/49 | €931,104 | €774,346 | -€156,758 | -16.8% |
| Amounts payable within one year | 42/48 | €931,104 | €774,346 | -€156,758 | -16.8% |
| Trade debts | 44 | €11,359 | €531,703 | +€520,344 | +4580.9% |
| Suppliers | 440/4 | €11,359 | €531,703 | +€520,344 | +4580.9% |
| Advances received on contracts in progress | 46 | €78,350 | - | -€78,350 | |
| Taxes, remuneration and social security | 45 | €23,790 | €11,583 | -€12,207 | -51.3% |
| Taxes | 450/3 | €21,665 | €11,583 | -€10,082 | -46.5% |
| Remuneration and social security | 454/9 | €2,125 | - | -€2,125 | |
| Other amounts payable | 47/48 | €817,605 | €231,060 | -€586,545 | -71.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116,885 | €118,713 | +€1,828 | +1.6% |
| Other operating charges | 640/8 | €5,963 | €1,743 | -€4,220 | -70.8% |
| Gross operating margin | 9900 | €393,657 | €766,760 | +€373,103 | +94.8% |
| Operating profit (loss) | 9901 | €270,810 | €646,305 | +€375,495 | +138.7% |
| Financial income | 75/76B | €11 | €1,832 | +€1,821 | +16496.9% |
| Recurring financial income | 75 | €11 | €1,832 | +€1,821 | +16496.9% |
| Financial charges | 65/66B | €873 | €24,397 | +€23,524 | +2695.4% |
| Recurring financial charges | 65 | €873 | €24,397 | +€23,524 | +2695.4% |
| Profit (loss) for the period before taxes | 9903 | €269,948 | €623,740 | +€353,792 | +131.1% |
| Income taxes | 67/77 | €64,979 | €151,170 | +€86,191 | +132.6% |
| Profit (loss) for the period | 9904 | €204,970 | €472,571 | +€267,601 | +130.6% |
| Profit (loss) for the period to be appropriated | 9905 | €204,970 | €472,571 | +€267,601 | +130.6% |
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 3 October 2026 via checked.be.