OLENCO: 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.
OLENCO
Largest movements
- Receivables within one year -€54,444
down €54,444 (-47.6%), from €114,429 to €59,985
of which Trade receivables: -€54,562
- Cash +€26,254
up €26,254 (+87.9%), from €29,880 to €56,134
mainly Receivables within one year (+€54,444) and Stocks and contracts (+€4,097)
- Stocks and contracts -€4,097
down €4,097 (-67.2%), from €6,099 to €2,001
- Trade debts -€33,587
down €33,587 (-54.5%), from €61,651 to €28,064
- Tax, wage and social debts +€3,355
up €3,355 (+16.9%), from €19,829 to €23,183
of which Remuneration and social security: +€2,697
- Short-term financial debts -€1,682
no longer reported in 2025 (was €1,682)
- Gross operating margin +€29,371
up €29,371 (+43.6%), from €67,379 to €96,750
- Financial income +€4,139
new in 2025: €4,139
- Financial charges -€1,735
down €1,735 (-78.7%), from €2,205 to €470
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 | €153,689 | €120,851 | -€32,838 | -21.4% |
| Fixed assets | 21/28 | €3,281 | €2,731 | -€550 | -16.8% |
| Tangible fixed assets | 22/27 | €3,231 | €2,681 | -€550 | -17.0% |
| Plant, machinery and equipment | 23 | €849 | - | -€849 | |
| Furniture and vehicles | 24 | €2,382 | €2,681 | +€299 | +12.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €150,408 | €118,120 | -€32,288 | -21.5% |
| Stocks and contracts in progress | 3 | €6,099 | €2,001 | -€4,097 | -67.2% |
| Stocks | 30/36 | €6,099 | €2,001 | -€4,097 | -67.2% |
| Amounts receivable within one year | 40/41 | €114,429 | €59,985 | -€54,444 | -47.6% |
| Trade receivables | 40 | €113,377 | €58,815 | -€54,562 | -48.1% |
| Other amounts receivable | 41 | €1,052 | €1,170 | +€118 | +11.2% |
| Cash at bank and in hand | 54/58 | €29,880 | €56,134 | +€26,254 | +87.9% |
| Total equity and liabilities | 10/49 | €153,689 | €120,851 | -€32,838 | -21.4% |
| Equity | 10/15 | €70,527 | €69,603 | -€924 | -1.3% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,067 | €49,143 | -€924 | -1.8% |
| Amounts payable | 17/49 | €83,162 | €51,248 | -€31,914 | -38.4% |
| Amounts payable within one year | 42/48 | €83,162 | €51,248 | -€31,914 | -38.4% |
| Financial debts | 43 | €1,682 | - | -€1,682 | |
| Credit institutions | 430/8 | €1,682 | - | -€1,682 | |
| Trade debts | 44 | €61,651 | €28,064 | -€33,587 | -54.5% |
| Suppliers | 440/4 | €61,651 | €28,064 | -€33,587 | -54.5% |
| Taxes, remuneration and social security | 45 | €19,829 | €23,183 | +€3,355 | +16.9% |
| Taxes | 450/3 | €4,165 | €4,823 | +€657 | +15.8% |
| Remuneration and social security | 454/9 | €15,663 | €18,360 | +€2,697 | +17.2% |
| Remuneration, social security and pensions | 62 | €96,716 | €96,831 | +€115 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,886 | €3,898 | +€12 | +0.3% |
| Other operating charges | 640/8 | €387 | €614 | +€226 | +58.4% |
| Gross operating margin | 9900 | €67,379 | €96,750 | +€29,371 | +43.6% |
| Operating profit (loss) | 9901 | -€33,610 | -€4,593 | +€29,017 | +86.3% |
| Financial income | 75/76B | - | €4,139 | +€4,139 | |
| Recurring financial income | 75 | - | €4,139 | +€4,139 | |
| Financial charges | 65/66B | €2,205 | €470 | -€1,735 | -78.7% |
| Recurring financial charges | 65 | €2,205 | €470 | -€1,735 | -78.7% |
| Profit (loss) for the period before taxes | 9903 | -€35,816 | -€924 | +€34,892 | +97.4% |
| Profit (loss) for the period | 9904 | -€35,816 | -€924 | +€34,892 | +97.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,816 | -€924 | +€34,892 | +97.4% |
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 27 October 2026 via checked.be.