OLEANDER: 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.
OLEANDER
Largest movements
- Receivables within one year +€19,308
up €19,308 (+208%), from €9,303 to €28,611
of which Other amounts receivable: +€10,269
- Cash -€3,583
down €3,583 (-70.5%), from €5,082 to €1,499
mainly Receivables within one year (-€19,308) and Current portion of long-term debt (-€5,360)
- Deferred charges and accrued income +€1,927
up €1,927 (+69.4%), from €2,778 to €4,705
- Tangible fixed assets -€1,122
down €1,122 (-28.7%), from €3,915 to €2,793
of which Plant, machinery and equipment: -€956
- Profit (loss) carried forward +€20,163
up €20,163, from -€20,163 to €0
- Current portion of long-term debt -€5,360
down €5,360 (-57.7%), from €9,281 to €3,921
- Trade debts +€4,093
up €4,093 (+275%), from €1,487 to €5,580
- Debts after one year -€3,921
down €3,921 (-100%), from €3,921 to €0
- Reserves +€1,244
new in 2025: €1,244
- Gross operating margin +€12,846
up €12,846 (+90.9%), from €14,125 to €26,971
- Taxes +€1,694
up €1,694 (+2,136%), from €79 to €1,773
- Financial charges +€631
up €631 (+34.9%), from €1,805 to €2,436
- Depreciation -€496
down €496 (-49.9%), from €993 to €497
- Financial income +€310
new in 2025: €310
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 | €21,078 | €37,609 | +€16,531 | +78.4% |
| Fixed assets | 21/28 | €3,915 | €2,793 | -€1,122 | -28.7% |
| Tangible fixed assets | 22/27 | €3,915 | €2,793 | -€1,122 | -28.7% |
| Plant, machinery and equipment | 23 | €3,737 | €2,782 | -€956 | -25.6% |
| Furniture and vehicles | 24 | €178 | €11 | -€166 | -93.6% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €17,163 | €34,816 | +€17,653 | +103% |
| Amounts receivable within one year | 40/41 | €9,303 | €28,611 | +€19,308 | +208% |
| Trade receivables | 40 | €9,303 | €18,342 | +€9,039 | +97.2% |
| Other amounts receivable | 41 | €0 | €10,269 | +€10,269 | |
| Cash at bank and in hand | 54/58 | €5,082 | €1,499 | -€3,583 | -70.5% |
| Deferred charges and accrued income | 490/1 | €2,778 | €4,705 | +€1,927 | +69.4% |
| Total equity and liabilities | 10/49 | €21,078 | €37,609 | +€16,531 | +78.4% |
| Equity | 10/15 | €4,837 | €26,244 | +€21,407 | +443% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | - | €1,244 | +€1,244 | |
| Distributable reserves | 133 | - | €1,244 | +€1,244 | |
| Profit (loss) carried forward | 14 | -€20,163 | €0 | +€20,163 | |
| Amounts payable | 17/49 | €16,241 | €11,365 | -€4,876 | -30.0% |
| Amounts payable after more than one year | 17 | €3,921 | €0 | -€3,921 | -100% |
| Financial debts | 170/4 | €3,921 | €0 | -€3,921 | -100% |
| Amounts payable within one year | 42/48 | €12,320 | €11,354 | -€966 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €9,281 | €3,921 | -€5,360 | -57.7% |
| Trade debts | 44 | €1,487 | €5,580 | +€4,093 | +275% |
| Suppliers | 440/4 | €1,487 | €5,580 | +€4,093 | +275% |
| Taxes, remuneration and social security | 45 | €1,552 | €1,852 | +€301 | +19.4% |
| Taxes | 450/3 | €1,552 | €1,852 | +€301 | +19.4% |
| Other amounts payable | 47/48 | €0 | €0 | -€0 | -100% |
| Accrued charges and deferred income | 492/3 | - | €11 | +€11 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €993 | €497 | -€496 | -49.9% |
| Other operating charges | 640/8 | €773 | €544 | -€229 | -29.6% |
| Non-recurring operating charges | 66A | €4,619 | €625 | -€3,994 | -86.5% |
| Gross operating margin | 9900 | €14,125 | €26,971 | +€12,846 | +90.9% |
| Operating profit (loss) | 9901 | €7,741 | €25,306 | +€17,565 | +227% |
| Financial income | 75/76B | - | €310 | +€310 | |
| Recurring financial income | 75 | - | €310 | +€310 | |
| Financial charges | 65/66B | €1,805 | €2,436 | +€631 | +34.9% |
| Recurring financial charges | 65 | €1,805 | €2,436 | +€631 | +34.9% |
| Profit (loss) for the period before taxes | 9903 | €5,936 | €23,180 | +€17,244 | +291% |
| Income taxes | 67/77 | €79 | €1,773 | +€1,694 | +2,136% |
| Profit (loss) for the period | 9904 | €5,856 | €21,407 | +€15,550 | +266% |
| Profit (loss) for the period to be appropriated | 9905 | €5,856 | €21,407 | +€15,550 | +266% |
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 14 October 2026 via checked.be.