OLENIA: 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.
OLENIA
Largest movements
- Cash -€5.8m
down €5.8m (-47.7%), from €12.1m to €6.3m
mainly Trade debts (-€4.2m) and Other debts (-€1.7m)
- Receivables within one year -€298,910
down €298,910 (-26.2%), from €1.1m to €842,365
of which Trade receivables: -€308,274
- Trade debts -€4.2m
down €4.2m (-97.3%), from €4.3m to €117,262
- Other debts -€1.7m
down €1.7m (-100%), from €1.7m to €0
- Tax, wage and social debts -€1.2m
down €1.2m (-89.6%), from €1.4m to €143,104
of which Remuneration and social security: -€1.2m
- Reserves +€1.0m
up €1.0m (+17.7%), from €5.8m to €6.9m
- Gross operating margin +€251,512
up €251,512 (+12.6%), from €2.0m to €2.2m
- Staff costs +€146,386
up €146,386 (+28.6%), from €511,408 to €657,794
- Taxes +€35,664
up €35,664 (+8.0%), from €445,886 to €481,550
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 | €13,348,571 | €7,281,416 | -€6.1m | -45.5% |
| Fixed assets | 21/28 | €88,885 | €78,827 | -€10,058 | -11.3% |
| Tangible fixed assets | 22/27 | €88,885 | €78,827 | -€10,058 | -11.3% |
| Plant, machinery and equipment | 23 | €14,908 | €12,405 | -€2,504 | -16.8% |
| Furniture and vehicles | 24 | €71,381 | €64,192 | -€7,189 | -10.1% |
| Other tangible fixed assets | 26 | €2,596 | €2,230 | -€366 | -14.1% |
| Current assets | 29/58 | €13,259,686 | €7,202,589 | -€6.1m | -45.7% |
| Amounts receivable within one year | 40/41 | €1,141,275 | €842,365 | -€298,910 | -26.2% |
| Trade receivables | 40 | €868,397 | €560,124 | -€308,274 | -35.5% |
| Other amounts receivable | 41 | €272,878 | €282,241 | +€9,363 | +3.4% |
| Cash at bank and in hand | 54/58 | €12,115,655 | €6,330,440 | -€5.8m | -47.7% |
| Deferred charges and accrued income | 490/1 | €2,756 | €29,784 | +€27,029 | +981% |
| Total equity and liabilities | 10/49 | €13,348,571 | €7,281,416 | -€6.1m | -45.5% |
| Equity | 10/15 | €5,986,023 | €7,021,050 | +€1.0m | +17.3% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €5,836,023 | €6,871,050 | +€1.0m | +17.7% |
| Distributable reserves | 133 | €5,836,023 | €6,871,050 | +€1.0m | +17.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €7,362,548 | €260,366 | -€7.1m | -96.5% |
| Amounts payable within one year | 42/48 | €7,362,548 | €260,366 | -€7.1m | -96.5% |
| Trade debts | 44 | €4,300,658 | €117,262 | -€4.2m | -97.3% |
| Suppliers | 440/4 | €4,300,658 | €117,262 | -€4.2m | -97.3% |
| Taxes, remuneration and social security | 45 | €1,372,346 | €143,104 | -€1.2m | -89.6% |
| Taxes | 450/3 | €29,491 | €26,014 | -€3,478 | -11.8% |
| Remuneration and social security | 454/9 | €1,342,854 | €117,090 | -€1.2m | -91.3% |
| Other amounts payable | 47/48 | €1,689,545 | €0 | -€1.7m | -100% |
| Remuneration, social security and pensions | 62 | €511,408 | €657,794 | +€146,386 | +28.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,347 | €28,759 | +€3,412 | +13.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €67,557 | €56,398 | -€11,159 | -16.5% |
| Gross operating margin | 9900 | €1,991,537 | €2,243,049 | +€251,512 | +12.6% |
| Operating profit (loss) | 9901 | €1,387,225 | €1,500,099 | +€112,873 | +8.1% |
| Financial income | 75/76B | €17,384 | €17,481 | +€97 | +0.6% |
| Recurring financial income | 75 | €17,384 | €17,481 | +€97 | +0.6% |
| Financial charges | 65/66B | €758 | €1,002 | +€245 | +32.3% |
| Recurring financial charges | 65 | €758 | €1,002 | +€245 | +32.3% |
| Profit (loss) for the period before taxes | 9903 | €1,403,852 | €1,516,577 | +€112,725 | +8.0% |
| Income taxes | 67/77 | €445,886 | €481,550 | +€35,664 | +8.0% |
| Profit (loss) for the period | 9904 | €957,966 | €1,035,027 | +€77,061 | +8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €957,966 | €1,035,027 | +€77,061 | +8.0% |
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 28 October 2026 via checked.be.