OLCAN: 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.
OLCAN
Largest movements
- Receivables within one year +€73,955
up €73,955 (+22.9%), from €322,424 to €396,379
of which Trade receivables: +€95,724
- Tangible fixed assets -€23,524
down €23,524 (-35.0%), from €67,157 to €43,633
- Reserves +€41,593
up €41,593 (+22.9%), from €181,474 to €223,067
of which Distributable reserves: +€41,593
- Tax, wage and social debts +€34,274
up €34,274 (+39.8%), from €86,009 to €120,283
of which Remuneration and social security: +€36,789
- Short-term financial debts -€11,249
down €11,249 (-22.5%), from €49,970 to €38,721
- Debts after one year -€10,576
down €10,576 (-52.8%), from €20,017 to €9,441
- Staff costs +€53,627
up €53,627 (+19.8%), from €271,456 to €325,084
- Gross operating margin +€31,741
up €31,741 (+8.4%), from €378,974 to €410,715
- Financial charges -€20,058
down €20,058 (-61.6%), from €32,562 to €12,504
From the 2023 result to the 2024 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €392,581 | €444,511 | +€51,930 | +13.2% |
| Formation expenses | 20 | - | €190 | +€190 | |
| Fixed assets | 21/28 | €70,157 | €46,633 | -€23,524 | -33.5% |
| Tangible fixed assets | 22/27 | €67,157 | €43,633 | -€23,524 | -35.0% |
| Plant, machinery and equipment | 23 | €14,552 | €10,022 | -€4,530 | -31.1% |
| Furniture and vehicles | 24 | €23,059 | €14,809 | -€8,250 | -35.8% |
| Leasing and similar rights | 25 | €29,545 | €18,802 | -€10,744 | -36.4% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €322,424 | €397,688 | +€75,264 | +23.3% |
| Amounts receivable within one year | 40/41 | €322,424 | €396,379 | +€73,955 | +22.9% |
| Trade receivables | 40 | €276,064 | €371,788 | +€95,724 | +34.7% |
| Other amounts receivable | 41 | €46,360 | €24,590 | -€21,769 | -47.0% |
| Deferred charges and accrued income | 490/1 | - | €1,309 | +€1,309 | |
| Total equity and liabilities | 10/49 | €392,581 | €444,511 | +€51,930 | +13.2% |
| Equity | 10/15 | €200,074 | €241,667 | +€41,593 | +20.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €181,474 | €223,067 | +€41,593 | +22.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €976 | €976 | = | 0.0% |
| Distributable reserves | 133 | €178,639 | €220,232 | +€41,593 | +23.3% |
| Amounts payable | 17/49 | €192,506 | €202,844 | +€10,337 | +5.4% |
| Amounts payable after more than one year | 17 | €20,017 | €9,441 | -€10,576 | -52.8% |
| Financial debts | 170/4 | €20,017 | €9,441 | -€10,576 | -52.8% |
| Amounts payable within one year | 42/48 | €172,489 | €193,403 | +€20,913 | +12.1% |
| Current portion of amounts payable after more than one year | 42 | €9,810 | €10,576 | +€766 | +7.8% |
| Financial debts | 43 | €49,970 | €38,721 | -€11,249 | -22.5% |
| Credit institutions | 430/8 | €49,970 | €38,721 | -€11,249 | -22.5% |
| Trade debts | 44 | €26,700 | €23,823 | -€2,877 | -10.8% |
| Suppliers | 440/4 | €26,700 | €23,823 | -€2,877 | -10.8% |
| Taxes, remuneration and social security | 45 | €86,009 | €120,283 | +€34,274 | +39.8% |
| Taxes | 450/3 | €11,366 | €8,851 | -€2,515 | -22.1% |
| Remuneration and social security | 454/9 | €74,643 | €111,432 | +€36,789 | +49.3% |
| Remuneration, social security and pensions | 62 | €271,456 | €325,084 | +€53,627 | +19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,889 | €27,986 | -€1,903 | -6.4% |
| Other operating charges | 640/8 | €3,811 | €3,548 | -€264 | -6.9% |
| Non-recurring operating charges | 66A | €5,041 | - | -€5,041 | |
| Gross operating margin | 9900 | €378,974 | €410,715 | +€31,741 | +8.4% |
| Operating profit (loss) | 9901 | €68,776 | €54,097 | -€14,679 | -21.3% |
| Financial income | 75/76B | €1,320 | - | -€1,320 | |
| Recurring financial income | 75 | €1,320 | - | -€1,320 | |
| Financial charges | 65/66B | €32,562 | €12,504 | -€20,058 | -61.6% |
| Recurring financial charges | 65 | €32,562 | €12,504 | -€20,058 | -61.6% |
| Profit (loss) for the period before taxes | 9903 | €37,533 | €41,593 | +€4,060 | +10.8% |
| Profit (loss) for the period | 9904 | €37,533 | €41,593 | +€4,060 | +10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €37,533 | €41,593 | +€4,060 | +10.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.