OLCON: 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.
OLCON
Largest movements
- Cash -€163,262
down €163,262 (-81.3%), from €200,774 to €37,512
mainly Contributions, distributions and other (-€100,000) and Other debts (-€68,147)
- Receivables within one year +€58,252
up €58,252 (+52.3%), from €111,306 to €169,558
of which Trade receivables: +€45,130
- Tangible fixed assets -€21,180
down €21,180 (-22.0%), from €96,470 to €75,290
- Other debts -€68,147
down €68,147 (-38.1%), from €178,737 to €110,590
- Current portion of long-term debt -€43,439
down €43,439 (-46.9%), from €92,600 to €49,161
- Debts after one year -€19,824
down €19,824 (-35.3%), from €56,115 to €36,291
- Gross operating margin -€86,363
down €86,363 (-35.2%), from €245,225 to €158,862
- Taxes -€24,791
down €24,791 (-45.2%), from €54,834 to €30,043
- Depreciation +€13,067
up €13,067 (+161.1%), from €8,113 to €21,180
- Financial charges +€2,549
up €2,549 (+173.5%), from €1,469 to €4,018
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 | €412,304 | €282,996 | -€129,309 | -31.4% |
| Fixed assets | 21/28 | €96,470 | €75,290 | -€21,180 | -22.0% |
| Tangible fixed assets | 22/27 | €96,470 | €75,290 | -€21,180 | -22.0% |
| Furniture and vehicles | 24 | €96,470 | €75,290 | -€21,180 | -22.0% |
| Current assets | 29/58 | €315,834 | €207,705 | -€108,129 | -34.2% |
| Amounts receivable within one year | 40/41 | €111,306 | €169,558 | +€58,252 | +52.3% |
| Trade receivables | 40 | €19,306 | €64,436 | +€45,130 | +233.8% |
| Other amounts receivable | 41 | €92,000 | €105,122 | +€13,122 | +14.3% |
| Cash at bank and in hand | 54/58 | €200,774 | €37,512 | -€163,262 | -81.3% |
| Deferred charges and accrued income | 490/1 | €3,754 | €634 | -€3,119 | -83.1% |
| Total equity and liabilities | 10/49 | €412,304 | €282,996 | -€129,309 | -31.4% |
| Equity | 10/15 | €47,210 | €49,330 | +€2,121 | +4.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €28,660 | €30,780 | +€2,121 | +7.4% |
| Distributable reserves | 133 | €28,660 | €30,780 | +€2,121 | +7.4% |
| Amounts payable | 17/49 | €365,095 | €233,665 | -€131,430 | -36.0% |
| Amounts payable after more than one year | 17 | €56,115 | €36,291 | -€19,824 | -35.3% |
| Financial debts | 170/4 | €56,115 | €36,291 | -€19,824 | -35.3% |
| Amounts payable within one year | 42/48 | €308,980 | €193,534 | -€115,446 | -37.4% |
| Current portion of amounts payable after more than one year | 42 | €92,600 | €49,161 | -€43,439 | -46.9% |
| Trade debts | 44 | €4,371 | €539 | -€3,831 | -87.7% |
| Suppliers | 440/4 | €4,371 | €539 | -€3,831 | -87.7% |
| Taxes, remuneration and social security | 45 | €33,272 | €33,244 | -€28 | -0.1% |
| Taxes | 450/3 | €33,272 | €33,244 | -€28 | -0.1% |
| Other amounts payable | 47/48 | €178,737 | €110,590 | -€68,147 | -38.1% |
| Accrued charges and deferred income | 492/3 | - | €3,840 | +€3,840 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,113 | €21,180 | +€13,067 | +161.1% |
| Other operating charges | 640/8 | €2,191 | €1,501 | -€690 | -31.5% |
| Non-recurring operating charges | 66A | €1,738 | - | -€1,738 | |
| Gross operating margin | 9900 | €245,225 | €158,862 | -€86,363 | -35.2% |
| Operating profit (loss) | 9901 | €233,183 | €136,182 | -€97,001 | -41.6% |
| Financial income | 75/76B | €1,858 | - | -€1,858 | |
| Recurring financial income | 75 | €1,858 | - | -€1,858 | |
| Financial charges | 65/66B | €1,469 | €4,018 | +€2,549 | +173.5% |
| Recurring financial charges | 65 | €1,469 | €4,018 | +€2,549 | +173.5% |
| Profit (loss) for the period before taxes | 9903 | €233,572 | €132,164 | -€101,408 | -43.4% |
| Income taxes | 67/77 | €54,834 | €30,043 | -€24,791 | -45.2% |
| Profit (loss) for the period | 9904 | €178,737 | €102,121 | -€76,617 | -42.9% |
| Profit (loss) for the period to be appropriated | 9905 | €178,737 | €102,121 | -€76,617 | -42.9% |
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 8 October 2026 via checked.be.