OLEMCA: 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.
OLEMCA
Largest movements
- Current investments -€199,500
no longer reported in 2025 (was €199,500)
- Cash +€146,138
up €146,138 (+169%), from €86,286 to €232,424
mainly Other debts (+€305,468) and Current investments (+€199,500)
- Tangible fixed assets -€7,609
down €7,609 (-5.5%), from €138,462 to €130,853
of which Other tangible fixed assets: -€11,948
- Receivables within one year +€7,478
up €7,478 (+35.8%), from €20,903 to €28,381
of which Trade receivables: +€8,741
- Profit (loss) carried forward -€362,185
no longer reported in 2025 (was €362,185)
- Other debts +€305,468
up €305,468 (+1,039%), from €29,412 to €334,880
- Tax, wage and social debts +€12,357
up €12,357 (+131%), from €9,449 to €21,806
- Debts after one year -€6,455
down €6,455 (-42.4%), from €15,217 to €8,762
- Gross operating margin +€21,816
up €21,816 (+9.1%), from €240,526 to €262,343
- Write-downs +€12,000
no longer reported in 2025 (was -€12,000)
- Depreciation +€6,733
up €6,733 (+38.4%), from €17,520 to €24,253
- Financial income +€4,301
up €4,301 (+3,859%), from €111 to €4,413
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 | €446,203 | €392,527 | -€53,676 | -12.0% |
| Fixed assets | 21/28 | €138,462 | €130,853 | -€7,609 | -5.5% |
| Tangible fixed assets | 22/27 | €138,462 | €130,853 | -€7,609 | -5.5% |
| Land and buildings | 22 | €23,485 | €21,038 | -€2,447 | -10.4% |
| Plant, machinery and equipment | 23 | €1,706 | €3,276 | +€1,570 | +92.0% |
| Furniture and vehicles | 24 | €8,470 | €13,686 | +€5,216 | +61.6% |
| Other tangible fixed assets | 26 | €104,801 | €92,853 | -€11,948 | -11.4% |
| Current assets | 29/58 | €307,741 | €261,674 | -€46,067 | -15.0% |
| Amounts receivable within one year | 40/41 | €20,903 | €28,381 | +€7,478 | +35.8% |
| Trade receivables | 40 | €13,900 | €22,641 | +€8,741 | +62.9% |
| Other amounts receivable | 41 | €7,003 | €5,740 | -€1,263 | -18.0% |
| Current investments | 50/53 | €199,500 | - | -€199,500 | |
| Cash at bank and in hand | 54/58 | €86,286 | €232,424 | +€146,138 | +169% |
| Deferred charges and accrued income | 490/1 | €1,052 | €869 | -€183 | -17.4% |
| Total equity and liabilities | 10/49 | €446,203 | €392,527 | -€53,676 | -12.0% |
| Equity | 10/15 | €381,035 | €19,071 | -€361,964 | -95.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €250 | €471 | +€221 | +88.4% |
| Non-distributable reserves | 130/1 | €250 | - | -€250 | |
| Reserves not available under the articles | 1311 | €250 | - | -€250 | |
| Distributable reserves | 133 | - | €471 | +€471 | |
| Profit (loss) carried forward | 14 | €362,185 | - | -€362,185 | |
| Amounts payable | 17/49 | €65,168 | €373,456 | +€308,288 | +473% |
| Amounts payable after more than one year | 17 | €15,217 | €8,762 | -€6,455 | -42.4% |
| Financial debts | 170/4 | €15,217 | €8,762 | -€6,455 | -42.4% |
| Amounts payable within one year | 42/48 | €49,952 | €364,694 | +€314,743 | +630% |
| Current portion of amounts payable after more than one year | 42 | €6,358 | €6,455 | +€97 | +1.5% |
| Trade debts | 44 | €4,733 | €1,553 | -€3,180 | -67.2% |
| Suppliers | 440/4 | €4,733 | €1,553 | -€3,180 | -67.2% |
| Taxes, remuneration and social security | 45 | €9,449 | €21,806 | +€12,357 | +131% |
| Taxes | 450/3 | €9,449 | €21,806 | +€12,357 | +131% |
| Other amounts payable | 47/48 | €29,412 | €334,880 | +€305,468 | +1,039% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,520 | €24,253 | +€6,733 | +38.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€12,000 | - | +€12,000 | |
| Other operating charges | 640/8 | €1,028 | €921 | -€107 | -10.4% |
| Gross operating margin | 9900 | €240,526 | €262,343 | +€21,816 | +9.1% |
| Operating profit (loss) | 9901 | €233,977 | €237,168 | +€3,191 | +1.4% |
| Financial income | 75/76B | €111 | €4,413 | +€4,301 | +3,859% |
| Recurring financial income | 75 | €111 | €4,413 | +€4,301 | +3,859% |
| Financial charges | 65/66B | €596 | €662 | +€66 | +11.1% |
| Recurring financial charges | 65 | €596 | €662 | +€66 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €233,493 | €240,919 | +€7,426 | +3.2% |
| Income taxes | 67/77 | €55,509 | €55,824 | +€314 | +0.6% |
| Profit (loss) for the period | 9904 | €177,984 | €185,095 | +€7,111 | +4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €177,984 | €185,095 | +€7,111 | +4.0% |
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 13 October 2026 via checked.be.