OLEON: what changed
Two fiscal 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.
What changed
OLEON
NACE 20.140, Manufacture of chemicals and chemical products
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€14.5m
2023 · -€2.9m+€17.4m
Equity
€233.9m
2023 · €225.0m+€8.9m
Cash
€6.3m
2023 · €5.2m+€1.1m
Balance sheet total
€602.5m
2023 · €490.2m+€112.2m
Largest movements
Assets
- Financial fixed assets +€113.4m
up €113.4m (+205.6%), from €55.1m to €168.5m
of which Affiliated companies: +€113.4m
- Receivables within one year -€60.1m
down €60.1m (-32.6%), from €184.5m to €124.4m
of which Other amounts receivable: -€53.3m
- Stocks and contracts +€32.5m
up €32.5m (+24.7%), from €131.4m to €163.8m
- Tangible fixed assets +€20.1m
up €20.1m (+20.2%), from €99.4m to €119.5m
of which Assets under construction and advance payments: +€13.3m
Equity and liabilities
- Debts after one year +€72.3m
up €72.3m (+72.1%), from €100.2m to €172.5m
- Trade debts +€26.7m
up €26.7m (+19.5%), from €136.9m to €163.5m
- Profit (loss) carried forward +€9.5m
up €9.5m (+8.7%), from €109.3m to €118.8m
Income statement
- Turnover -€44.4m
down €44.4m (-5.9%), from €757.9m to €713.4m
- Services and other goods -€31.7m
down €31.7m (-14.2%), from €222.6m to €190.9m
- Goods and materials +€30.8m
up €30.8m (+6.9%), from €443.3m to €474.1m
of which Purchases: +€51.4m
- Other operating income -€17.2m
down €17.2m (-36.3%), from €47.5m to €30.2m
From the 2023 result to the 2024 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.
Result 2023
-€2.9m
Turnover
-€44.4m
Other operating income
-€17.2m
Goods and materials
-€30.8m
Services and other goods
+€31.7m
Staff costs
-€5.5m
Depreciation
-€1.4m
Write-downs
+€917,453
Provisions
-€4.6m
Other operating charges
-€247,276
Other operating items
+€87.4m
Financial income
-€190,114
Financial charges
+€3.0m
Taxes
-€668,831
Deferred taxes and other
-€433,563
Result 2024
€14.5m
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€90.0m
Investment
-€155.6m
Financing
+€66.7m
Cash 2023
€5.2m
From operations (derived)
+€90.0m
Net result for the year
+€14.5m
Depreciation
+€19.3m
Stocks and contracts
-€32.5m
Receivables within one year
+€60.1m
Deferred charges and accrued income
-€2.4m
Provisions
-€566,802
Trade debts
+€26.7m
Tax, wage and social debts
+€887,282
Other debts
-€129,342
Accrued charges and deferred income
+€4.2m
Investment (derived)
-€155.6m
Investment in fixed assets (net)
-€155.6m
Financing
+€66.7m
Debts after one year
+€72.3m
Current portion of long-term debt
+€1,069
Contributions, distributions and other
-€5.6m
Cash 2024
€6.3m
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €490,239,739 | €602,461,134 | +€112.2m | +22.9% |
| Fixed assets | 21/28 | €165,705,326 | €302,010,772 | +€136.3m | +82.3% |
| Intangible fixed assets | 21 | €11,167,533 | €13,958,828 | +€2.8m | +25.0% |
| Tangible fixed assets | 22/27 | €99,390,757 | €119,507,076 | +€20.1m | +20.2% |
| Land and buildings | 22 | €11,405,837 | €13,492,403 | +€2.1m | +18.3% |
| Plant, machinery and equipment | 23 | €54,997,540 | €59,254,192 | +€4.3m | +7.7% |
| Furniture and vehicles | 24 | €614,875 | €1,116,888 | +€502,013 | +81.6% |
| Leasing and similar rights | 25 | €277,001 | €234,368 | -€42,633 | -15.4% |
| Assets under construction and advance payments | 27 | €32,095,504 | €45,409,225 | +€13.3m | +41.5% |
| Financial fixed assets | 28 | €55,147,036 | €168,544,868 | +€113.4m | +205.6% |
| Affiliated companies | 280/1 | €55,126,067 | €168,532,238 | +€113.4m | +205.7% |
| Participating interests | 280 | €55,126,067 | €168,532,238 | +€113.4m | +205.7% |
| Other financial fixed assets | 284/8 | €20,969 | €12,630 | -€8,339 | -39.8% |
| Amounts receivable and cash guarantees | 285/8 | €20,969 | €12,630 | -€8,339 | -39.8% |
| Current assets | 29/58 | €324,534,413 | €300,450,362 | -€24.1m | -7.4% |
| Stocks and contracts in progress | 3 | €131,352,103 | €163,807,231 | +€32.5m | +24.7% |
| Stocks | 30/36 | €131,352,103 | €163,807,231 | +€32.5m | +24.7% |
| Raw materials and consumables | 30/31 | €56,240,755 | €60,317,053 | +€4.1m | +7.2% |
| Work in progress | 32 | €22,336 | €3,632 | -€18,704 | -83.7% |
| Finished goods | 33 | €74,470,029 | €103,009,254 | +€28.5m | +38.3% |
| Goods purchased for resale | 34 | €182,356 | €92,774 | -€89,582 | -49.1% |
| Advance payments | 36 | €436,627 | €384,518 | -€52,109 | -11.9% |
| Amounts receivable within one year | 40/41 | €184,509,433 | €124,416,066 | -€60.1m | -32.6% |
| Trade receivables | 40 | €102,140,008 | €95,339,896 | -€6.8m | -6.7% |
| Other amounts receivable | 41 | €82,369,425 | €29,076,170 | -€53.3m | -64.7% |
| Cash at bank and in hand | 54/58 | €5,210,133 | €6,316,425 | +€1.1m | +21.2% |
| Deferred charges and accrued income | 490/1 | €3,462,744 | €5,910,640 | +€2.4m | +70.7% |
| Total equity and liabilities | 10/49 | €490,239,739 | €602,461,134 | +€112.2m | +22.9% |
| Equity | 10/15 | €224,950,646 | €233,853,951 | +€8.9m | +4.0% |
| Contributions | 10/11 | €103,592,119 | €103,592,120 | +€1 | 0.0% |
| Capital | 10 | €101,496,181 | €101,496,181 | = | 0.0% |
| Issued capital | 100 | €101,496,181 | €101,496,181 | = | 0.0% |
| Outside capital | 11 | €2,095,938 | €2,095,939 | +€1 | 0.0% |
| Share premium | 1100/10 | €2,095,938 | €2,095,939 | +€1 | 0.0% |
| Reserves | 13 | €10,667,195 | €10,667,195 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,149,618 | €10,149,618 | = | 0.0% |
| Legal reserve | 130 | €10,149,618 | €10,149,618 | = | 0.0% |
| Tax-exempt reserves | 132 | €517,577 | €517,577 | = | 0.0% |
| Profit (loss) carried forward | 14 | €109,289,074 | €118,775,684 | +€9.5m | +8.7% |
| Investment grants | 15 | €1,402,258 | €818,952 | -€583,306 | -41.6% |
| Provisions and deferred taxes | 16 | €3,191,974 | €2,625,172 | -€566,802 | -17.8% |
| Provisions for liabilities and charges | 160/5 | €2,726,015 | €2,352,175 | -€373,840 | -13.7% |
| Pensions and similar obligations | 160 | €2,223,469 | €2,352,175 | +€128,706 | +5.8% |
| Other liabilities and charges | 164/5 | €502,546 | - | -€502,546 | |
| Deferred taxes | 168 | €465,959 | €272,997 | -€192,962 | -41.4% |
| Amounts payable | 17/49 | €262,097,119 | €365,982,011 | +€103.9m | +39.6% |
| Amounts payable after more than one year | 17 | €100,248,127 | €172,531,632 | +€72.3m | +72.1% |
| Financial debts | 170/4 | €100,248,127 | €172,531,632 | +€72.3m | +72.1% |
| Leasing and similar obligations | 172 | €248,127 | €205,614 | -€42,513 | -17.1% |
| Other loans | 174 | €100,000,000 | €172,326,018 | +€72.3m | +72.3% |
| Amounts payable within one year | 42/48 | €157,092,602 | €184,505,743 | +€27.4m | +17.5% |
| Current portion of amounts payable after more than one year | 42 | €41,444 | €42,513 | +€1,069 | +2.6% |
| Trade debts | 44 | €136,893,319 | €163,547,451 | +€26.7m | +19.5% |
| Suppliers | 440/4 | €136,893,319 | €163,547,451 | +€26.7m | +19.5% |
| Taxes, remuneration and social security | 45 | €14,817,418 | €15,704,700 | +€887,282 | +6.0% |
| Taxes | 450/3 | €2,615,944 | €3,071,569 | +€455,625 | +17.4% |
| Remuneration and social security | 454/9 | €12,201,474 | €12,633,131 | +€431,657 | +3.5% |
| Other amounts payable | 47/48 | €5,340,421 | €5,211,079 | -€129,342 | -2.4% |
| Accrued charges and deferred income | 492/3 | €4,756,390 | €8,944,636 | +€4.2m | +88.1% |
| Operating income | 70/76A | €750,089,863 | €775,429,940 | +€25.3m | +3.4% |
| Turnover | 70 | €757,883,247 | €713,436,501 | -€44.4m | -5.9% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€59,960,634 | €27,465,824 | +€87.4m | |
| Own construction capitalised | 72 | €4,706,421 | €4,316,581 | -€389,840 | -8.3% |
| Other operating income | 74 | €47,460,829 | €30,211,034 | -€17.2m | -36.3% |
| Operating charges | 60/66A | €755,120,895 | €764,718,883 | +€9.6m | +1.3% |
| Goods for resale, raw materials and consumables | 60 | €443,272,463 | €474,054,052 | +€30.8m | +6.9% |
| Purchases | 600/8 | €426,924,463 | €478,337,634 | +€51.4m | +12.0% |
| Change in stocks: decrease (increase) | 609 | €16,348,000 | -€4,283,582 | -€20.6m | |
| Services and other goods | 61 | €222,618,641 | €190,913,235 | -€31.7m | -14.2% |
| Remuneration, social security and pensions | 62 | €73,542,442 | €79,059,999 | +€5.5m | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,830,106 | €19,271,522 | +€1.4m | +8.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €567,656 | -€349,797 | -€917,453 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€5,003,950 | -€373,841 | +€4.6m | +92.5% |
| Other operating charges | 640/8 | €846,968 | €1,094,244 | +€247,276 | +29.2% |
| Non-recurring operating charges | 66A | €1,446,569 | €1,049,469 | -€397,100 | -27.5% |
| Operating profit (loss) | 9901 | -€5,031,032 | €10,711,057 | +€15.7m | |
| Financial income | 75/76B | €25,135,782 | €24,945,668 | -€190,114 | -0.8% |
| Recurring financial income | 75 | €25,135,782 | €24,843,670 | -€292,112 | -1.2% |
| Income from financial fixed assets | 750 | €4,095,136 | €13,339,206 | +€9.2m | +225.7% |
| Income from current assets | 751 | €12,034 | €107,740 | +€95,706 | +795.3% |
| Other financial income | 752/9 | €21,028,612 | €11,396,724 | -€9.6m | -45.8% |
| Non-recurring financial income | 76B | - | €101,998 | +€101,998 | |
| Financial charges | 65/66B | €23,548,945 | €20,586,764 | -€3.0m | -12.6% |
| Recurring financial charges | 65 | €23,548,945 | €20,586,764 | -€3.0m | -12.6% |
| Debt charges | 650 | €6,226,942 | €7,056,366 | +€829,424 | +13.3% |
| Other financial charges | 652/9 | €17,322,003 | €13,530,398 | -€3.8m | -21.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,444,195 | €15,069,961 | +€18.5m | |
| Transfer from deferred taxes | 780 | €934,563 | €501,000 | -€433,563 | -46.4% |
| Income taxes | 67/77 | €415,520 | €1,084,351 | +€668,831 | +161.0% |
| Taxes | 670/3 | €415,520 | €1,084,351 | +€668,831 | +161.0% |
| Profit (loss) for the period | 9904 | -€2,925,152 | €14,486,610 | +€17.4m | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,925,152 | €14,486,610 | +€17.4m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.