OLEG: 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.
OLEG
Largest movements
- Cash +€19,258
up €19,258 (+23.3%), from €82,519 to €101,777
mainly Net result for the year (+€43,284) and Depreciation (+€11,073)
- Receivables within one year +€16,185
up €16,185 (+116%), from €13,991 to €30,176
of which Trade receivables: +€16,185
- Tangible fixed assets -€11,073
down €11,073 (-64.7%), from €17,104 to €6,031
of which Leasing and similar rights: -€8,919
- Reserves +€30,450
up €30,450 (+42.7%), from €71,361 to €101,811
- Other debts -€6,831
down €6,831 (-44.4%), from €15,374 to €8,543
- Financial income +€1,042
new in 2025: €1,042
- Taxes +€1,009
up €1,009 (+5.9%), from €17,233 to €18,242
- Gross operating margin -€835
down €835 (-1.1%), from €73,928 to €73,093
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 | €115,236 | €139,642 | +€24,405 | +21.2% |
| Fixed assets | 21/28 | €17,104 | €6,031 | -€11,073 | -64.7% |
| Tangible fixed assets | 22/27 | €17,104 | €6,031 | -€11,073 | -64.7% |
| Furniture and vehicles | 24 | €8,185 | €6,031 | -€2,155 | -26.3% |
| Leasing and similar rights | 25 | €8,919 | - | -€8,919 | |
| Current assets | 29/58 | €98,132 | €133,611 | +€35,479 | +36.2% |
| Amounts receivable within one year | 40/41 | €13,991 | €30,176 | +€16,185 | +116% |
| Trade receivables | 40 | €13,780 | €29,966 | +€16,185 | +117% |
| Other amounts receivable | 41 | €211 | €211 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €82,519 | €101,777 | +€19,258 | +23.3% |
| Deferred charges and accrued income | 490/1 | €1,622 | €1,658 | +€36 | +2.2% |
| Total equity and liabilities | 10/49 | €115,236 | €139,642 | +€24,405 | +21.2% |
| Equity | 10/15 | €89,977 | €120,428 | +€30,451 | +33.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €71,361 | €101,811 | +€30,450 | +42.7% |
| Distributable reserves | 133 | €71,361 | €101,811 | +€30,450 | +42.7% |
| Profit (loss) carried forward | 14 | €66 | €67 | +€1 | +1.5% |
| Amounts payable | 17/49 | €25,259 | €19,214 | -€6,046 | -23.9% |
| Amounts payable within one year | 42/48 | €25,259 | €19,214 | -€6,046 | -23.9% |
| Trade debts | 44 | €179 | €1,498 | +€1,319 | +738% |
| Suppliers | 440/4 | €179 | €1,498 | +€1,319 | +738% |
| Taxes, remuneration and social security | 45 | €9,706 | €9,173 | -€533 | -5.5% |
| Taxes | 450/3 | €9,706 | €9,173 | -€533 | -5.5% |
| Other amounts payable | 47/48 | €15,374 | €8,543 | -€6,831 | -44.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,073 | €11,073 | = | 0.0% |
| Other operating charges | 640/8 | €1,005 | €1,034 | +€30 | +2.9% |
| Gross operating margin | 9900 | €73,928 | €73,093 | -€835 | -1.1% |
| Operating profit (loss) | 9901 | €61,850 | €60,985 | -€865 | -1.4% |
| Financial income | 75/76B | - | €1,042 | +€1,042 | |
| Recurring financial income | 75 | - | €1,042 | +€1,042 | |
| Financial charges | 65/66B | €458 | €501 | +€43 | +9.4% |
| Recurring financial charges | 65 | €458 | €501 | +€43 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | €61,392 | €61,526 | +€134 | +0.2% |
| Income taxes | 67/77 | €17,233 | €18,242 | +€1,009 | +5.9% |
| Profit (loss) for the period | 9904 | €44,159 | €43,284 | -€875 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €44,159 | €43,284 | -€875 | -2.0% |
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.