OLCAM: 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.
OLCAM
Largest movements
- Tangible fixed assets -€29,761
down €29,761 (-3.8%), from €790,124 to €760,363
of which Land and buildings: -€21,780
- Receivables within one year -€9,638
down €9,638 (-54.8%), from €17,601 to €7,962
of which Trade receivables: -€7,611
- Debts after one year -€35,751
down €35,751 (-12.5%), from €285,221 to €249,469
- Profit (loss) carried forward -€18,299
down €18,299 (-144.5%), from -€12,662 to -€30,961
- Other debts +€9,135
up €9,135 (+2.5%), from €358,808 to €367,943
- Gross operating margin -€13,996
down €13,996 (-21.8%), from €64,203 to €50,207
- Financial charges -€2,434
down €2,434 (-18.8%), from €12,926 to €10,492
of which Financial charges: -€2,673
- Depreciation +€1,156
up €1,156 (+2.1%), from €53,982 to €55,138
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 | €814,873 | €773,519 | -€41,353 | -5.1% |
| Fixed assets | 21/28 | €790,174 | €760,421 | -€29,753 | -3.8% |
| Tangible fixed assets | 22/27 | €790,124 | €760,363 | -€29,761 | -3.8% |
| Land and buildings | 22 | €605,569 | €583,790 | -€21,780 | -3.6% |
| Plant, machinery and equipment | 23 | €181,895 | €176,573 | -€5,322 | -2.9% |
| Furniture and vehicles | 24 | €2,659 | €0 | -€2,659 | -100.0% |
| Financial fixed assets | 28 | €50 | €58 | +€8 | +16.9% |
| Current assets | 29/58 | €24,699 | €13,098 | -€11,601 | -47.0% |
| Amounts receivable within one year | 40/41 | €17,601 | €7,962 | -€9,638 | -54.8% |
| Trade receivables | 40 | €13,340 | €5,729 | -€7,611 | -57.1% |
| Other amounts receivable | 41 | €4,261 | €2,233 | -€2,027 | -47.6% |
| Cash at bank and in hand | 54/58 | €7,098 | €5,136 | -€1,963 | -27.6% |
| Total equity and liabilities | 10/49 | €814,873 | €773,519 | -€41,353 | -5.1% |
| Equity | 10/15 | €108,644 | €90,345 | -€18,299 | -16.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €71,307 | €71,307 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €52,557 | €52,557 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,662 | -€30,961 | -€18,299 | -144.5% |
| Amounts payable | 17/49 | €706,228 | €683,174 | -€23,054 | -3.3% |
| Amounts payable after more than one year | 17 | €285,221 | €249,469 | -€35,751 | -12.5% |
| Financial debts | 170/4 | €285,221 | €249,469 | -€35,751 | -12.5% |
| Amounts payable within one year | 42/48 | €412,480 | €427,340 | +€14,860 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €35,372 | €35,751 | +€379 | +1.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €8,775 | €8,707 | -€68 | -0.8% |
| Suppliers | 440/4 | €8,775 | €8,707 | -€68 | -0.8% |
| Taxes, remuneration and social security | 45 | €9,524 | €14,939 | +€5,414 | +56.8% |
| Taxes | 450/3 | €8,024 | €13,439 | +€5,414 | +67.5% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €358,808 | €367,943 | +€9,135 | +2.5% |
| Accrued charges and deferred income | 492/3 | €8,527 | €6,365 | -€2,163 | -25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,982 | €55,138 | +€1,156 | +2.1% |
| Other operating charges | 640/8 | €2,980 | €2,482 | -€498 | -16.7% |
| Gross operating margin | 9900 | €64,203 | €50,207 | -€13,996 | -21.8% |
| Operating profit (loss) | 9901 | €7,241 | -€7,413 | -€14,654 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €12,926 | €10,492 | -€2,434 | -18.8% |
| Recurring financial charges | 65 | €12,773 | €10,100 | -€2,673 | -20.9% |
| Non-recurring financial charges | 66B | €153 | €392 | +€239 | +156.3% |
| Profit (loss) for the period before taxes | 9903 | -€5,684 | -€17,905 | -€12,221 | -215.0% |
| Income taxes | 67/77 | €373 | €393 | +€20 | +5.5% |
| Profit (loss) for the period | 9904 | -€6,057 | -€18,299 | -€12,242 | -202.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,057 | -€18,299 | -€12,242 | -202.1% |
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.