OLEM: 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.
OLEM
Largest movements
- Receivables within one year -€119,810
down €119,810 (-93.2%), from €128,558 to €8,748
of which Other amounts receivable: -€103,347
- Current investments -€88,421
down €88,421 (-36.9%), from €239,300 to €150,879
- Cash -€30,276
down €30,276 (-45.4%), from €66,719 to €36,443
mainly Contributions, distributions and other (-€478,000) and Trade debts (-€7,863)
- Profit (loss) carried forward -€396,019
down €396,019 (-99.7%), from €397,329 to €1,310
- Tax, wage and social debts +€97,795
up €97,795 (+2,574%), from €3,799 to €101,594
- Other debts +€64,268
new in 2025: €64,268
- Trade debts -€7,863
down €7,863 (-81.8%), from €9,614 to €1,751
- Gross operating margin -€24,815
down €24,815 (-18.2%), from €136,078 to €111,263
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 | €440,742 | €198,924 | -€241,818 | -54.9% |
| Fixed assets | 21/28 | €3,196 | €2,307 | -€889 | -27.8% |
| Tangible fixed assets | 22/27 | €2,796 | €1,907 | -€889 | -31.8% |
| Plant, machinery and equipment | 23 | €1,312 | €573 | -€739 | -56.3% |
| Furniture and vehicles | 24 | €1,484 | €1,334 | -€150 | -10.1% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €437,546 | €196,617 | -€240,929 | -55.1% |
| Amounts receivable within one year | 40/41 | €128,558 | €8,748 | -€119,810 | -93.2% |
| Trade receivables | 40 | €23,541 | €7,078 | -€16,463 | -69.9% |
| Other amounts receivable | 41 | €105,017 | €1,670 | -€103,347 | -98.4% |
| Current investments | 50/53 | €239,300 | €150,879 | -€88,421 | -36.9% |
| Cash at bank and in hand | 54/58 | €66,719 | €36,443 | -€30,276 | -45.4% |
| Deferred charges and accrued income | 490/1 | €2,969 | €547 | -€2,422 | -81.6% |
| Total equity and liabilities | 10/49 | €440,742 | €198,924 | -€241,818 | -54.9% |
| Equity | 10/15 | €427,329 | €31,310 | -€396,019 | -92.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €397,329 | €1,310 | -€396,019 | -99.7% |
| Amounts payable | 17/49 | €13,413 | €167,614 | +€154,201 | +1,150% |
| Amounts payable within one year | 42/48 | €13,413 | €167,614 | +€154,201 | +1,150% |
| Trade debts | 44 | €9,614 | €1,751 | -€7,863 | -81.8% |
| Suppliers | 440/4 | €9,614 | €1,751 | -€7,863 | -81.8% |
| Taxes, remuneration and social security | 45 | €3,799 | €101,594 | +€97,795 | +2,574% |
| Taxes | 450/3 | €3,799 | €101,594 | +€97,795 | +2,574% |
| Other amounts payable | 47/48 | - | €64,268 | +€64,268 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €888 | €889 | +€1 | +0.1% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €136,078 | €111,263 | -€24,815 | -18.2% |
| Operating profit (loss) | 9901 | €135,190 | €109,974 | -€25,216 | -18.7% |
| Financial income | 75/76B | €7,027 | €5,799 | -€1,228 | -17.5% |
| Recurring financial income | 75 | €7,027 | €5,799 | -€1,228 | -17.5% |
| Financial charges | 65/66B | €657 | €541 | -€116 | -17.7% |
| Recurring financial charges | 65 | €657 | €541 | -€116 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €141,561 | €115,233 | -€26,328 | -18.6% |
| Income taxes | 67/77 | €32,577 | €33,252 | +€674 | +2.1% |
| Profit (loss) for the period | 9904 | €108,983 | €81,981 | -€27,002 | -24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €108,983 | €81,981 | -€27,002 | -24.8% |
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 14 October 2026 via checked.be.