OLEANDRE: 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.
OLEANDRE
Largest movements
- Tangible fixed assets +€637,420
up €637,420 (+139%), from €457,611 to €1.1m
of which Land and buildings: +€644,877
- Current investments -€250,000
down €250,000 (-100%), from €250,000 to €0
- Cash -€41,333
down €41,333 (-50.2%), from €82,373 to €41,040
mainly Investment in fixed assets (net) (-€671,013) and Other debts (-€74,140)
- Receivables within one year +€14,644
up €14,644 (+41.0%), from €35,708 to €50,352
of which Other amounts receivable: +€8,951
- Debts after one year +€343,450
up €343,450 (+128%), from €268,124 to €611,574
- Reserves +€77,788
up €77,788 (+22.1%), from €351,686 to €429,474
- Other debts -€74,140
down €74,140 (-59.1%), from €125,384 to €51,244
- Current portion of long-term debt +€24,071
up €24,071 (+102%), from €23,697 to €47,768
- Gross operating margin -€32,219
down €32,219 (-15.2%), from €211,965 to €179,747
- Taxes -€14,320
down €14,320 (-27.6%), from €51,849 to €37,529
- Depreciation +€7,695
up €7,695 (+29.2%), from €26,388 to €34,083
- Financial charges +€2,444
up €2,444 (+14.2%), from €17,248 to €19,693
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 | €827,997 | €1,188,893 | +€360,895 | +43.6% |
| Fixed assets | 21/28 | €458,138 | €1,095,067 | +€636,929 | +139% |
| Intangible fixed assets | 21 | €527 | €36 | -€491 | -93.1% |
| Tangible fixed assets | 22/27 | €457,611 | €1,095,031 | +€637,420 | +139% |
| Land and buildings | 22 | €430,317 | €1,075,193 | +€644,877 | +150% |
| Furniture and vehicles | 24 | €5,198 | €2,858 | -€2,340 | -45.0% |
| Other tangible fixed assets | 26 | €22,097 | €16,980 | -€5,117 | -23.2% |
| Current assets | 29/58 | €369,859 | €93,825 | -€276,034 | -74.6% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €35,708 | €50,352 | +€14,644 | +41.0% |
| Trade receivables | 40 | €35,708 | €41,400 | +€5,693 | +15.9% |
| Other amounts receivable | 41 | €0 | €8,951 | +€8,951 | |
| Current investments | 50/53 | €250,000 | €0 | -€250,000 | -100% |
| Cash at bank and in hand | 54/58 | €82,373 | €41,040 | -€41,333 | -50.2% |
| Deferred charges and accrued income | 490/1 | €1,779 | €2,434 | +€655 | +36.8% |
| Total equity and liabilities | 10/49 | €827,997 | €1,188,893 | +€360,895 | +43.6% |
| Equity | 10/15 | €370,286 | €448,074 | +€77,788 | +21.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €351,686 | €429,474 | +€77,788 | +22.1% |
| Distributable reserves | 133 | €351,686 | €429,474 | +€77,788 | +22.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €457,711 | €740,818 | +€283,107 | +61.9% |
| Amounts payable after more than one year | 17 | €268,124 | €611,574 | +€343,450 | +128% |
| Financial debts | 170/4 | €268,124 | €611,574 | +€343,450 | +128% |
| Amounts payable within one year | 42/48 | €178,752 | €121,244 | -€57,507 | -32.2% |
| Current portion of amounts payable after more than one year | 42 | €23,697 | €47,768 | +€24,071 | +102% |
| Trade debts | 44 | €754 | €4,752 | +€3,997 | +530% |
| Suppliers | 440/4 | €754 | €4,752 | +€3,997 | +530% |
| Taxes, remuneration and social security | 45 | €28,916 | €17,481 | -€11,435 | -39.5% |
| Taxes | 450/3 | €28,916 | €17,481 | -€11,435 | -39.5% |
| Other amounts payable | 47/48 | €125,384 | €51,244 | -€74,140 | -59.1% |
| Accrued charges and deferred income | 492/3 | €10,835 | €8,000 | -€2,836 | -26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,388 | €34,083 | +€7,695 | +29.2% |
| Other operating charges | 640/8 | €1,493 | €2,828 | +€1,335 | +89.4% |
| Gross operating margin | 9900 | €211,965 | €179,747 | -€32,219 | -15.2% |
| Operating profit (loss) | 9901 | €184,084 | €142,835 | -€41,249 | -22.4% |
| Financial income | 75/76B | €3,536 | €2,376 | -€1,160 | -32.8% |
| Recurring financial income | 75 | €3,536 | €2,376 | -€1,160 | -32.8% |
| Financial charges | 65/66B | €17,248 | €19,693 | +€2,444 | +14.2% |
| Recurring financial charges | 65 | €17,248 | €19,693 | +€2,444 | +14.2% |
| Profit (loss) for the period before taxes | 9903 | €170,372 | €125,519 | -€44,853 | -26.3% |
| Income taxes | 67/77 | €51,849 | €37,529 | -€14,320 | -27.6% |
| Profit (loss) for the period | 9904 | €118,523 | €87,990 | -€30,534 | -25.8% |
| Profit (loss) for the period to be appropriated | 9905 | €118,523 | €87,990 | -€30,534 | -25.8% |
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 25 October 2026 via checked.be.