Oles project: 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.
Oles project
Largest movements
- Receivables within one year +€59,014
up €59,014 (+726.8%), from €8,120 to €67,134
of which Other amounts receivable: +€50,659
- Tangible fixed assets +€34,964
up €34,964 (+2521.2%), from €1,387 to €36,351
of which Land and buildings: +€31,937
- Cash -€23,244
down €23,244 (-65.0%), from €35,756 to €12,512
mainly Receivables within one year (-€59,014) and Investment in fixed assets (net) (-€43,800)
- Financial fixed assets +€7,000
up €7,000 (+7377.0%), from €95 to €7,095
- Deferred charges and accrued income +€2,378
up €2,378 (+2068.4%), from €115 to €2,493
- Profit (loss) carried forward +€34,841
up €34,841 (+170.0%), from €20,496 to €55,337
- Debts after one year +€23,423
new in 2025: €23,423
- Short-term financial debts +€8,500
new in 2025: €8,500
- Trade debts +€5,793
up €5,793 (+77.9%), from €7,440 to €13,233
- Current portion of long-term debt +€5,377
new in 2025: €5,377
- Gross operating margin +€9,903
up €9,903 (+25.8%), from €38,454 to €48,356
- Other operating charges +€3,838
up €3,838 (+509.6%), from €753 to €4,591
- Depreciation +€1,823
up €1,823 (+14299.5%), from €13 to €1,836
- Financial income +€539
new in 2025: €539
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.
Cash bridge derived
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 | €45,473 | €125,584 | +€80,112 | +176.2% |
| Fixed assets | 21/28 | €1,482 | €43,446 | +€41,964 | +2832.2% |
| Tangible fixed assets | 22/27 | €1,387 | €36,351 | +€34,964 | +2521.2% |
| Land and buildings | 22 | - | €31,937 | +€31,937 | |
| Furniture and vehicles | 24 | €1,387 | €4,414 | +€3,027 | +218.3% |
| Financial fixed assets | 28 | €95 | €7,095 | +€7,000 | +7377.0% |
| Current assets | 29/58 | €43,991 | €82,139 | +€38,148 | +86.7% |
| Amounts receivable within one year | 40/41 | €8,120 | €67,134 | +€59,014 | +726.8% |
| Trade receivables | 40 | €5,868 | €14,223 | +€8,355 | +142.4% |
| Other amounts receivable | 41 | €2,252 | €52,911 | +€50,659 | +2249.5% |
| Cash at bank and in hand | 54/58 | €35,756 | €12,512 | -€23,244 | -65.0% |
| Deferred charges and accrued income | 490/1 | €115 | €2,493 | +€2,378 | +2068.4% |
| Total equity and liabilities | 10/49 | €45,473 | €125,584 | +€80,112 | +176.2% |
| Equity | 10/15 | €25,496 | €60,337 | +€34,841 | +136.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,496 | €55,337 | +€34,841 | +170.0% |
| Amounts payable | 17/49 | €19,976 | €65,247 | +€45,271 | +226.6% |
| Amounts payable after more than one year | 17 | - | €23,423 | +€23,423 | |
| Financial debts | 170/4 | - | €23,423 | +€23,423 | |
| Amounts payable within one year | 42/48 | €19,976 | €41,824 | +€21,848 | +109.4% |
| Current portion of amounts payable after more than one year | 42 | - | €5,377 | +€5,377 | |
| Financial debts | 43 | - | €8,500 | +€8,500 | |
| Credit institutions | 430/8 | - | €8,500 | +€8,500 | |
| Trade debts | 44 | €7,440 | €13,233 | +€5,793 | +77.9% |
| Suppliers | 440/4 | €7,440 | €13,233 | +€5,793 | +77.9% |
| Taxes, remuneration and social security | 45 | €9,472 | €14,714 | +€5,242 | +55.3% |
| Taxes | 450/3 | €9,359 | €14,714 | +€5,356 | +57.2% |
| Remuneration and social security | 454/9 | €114 | - | -€114 | |
| Other amounts payable | 47/48 | €3,064 | - | -€3,064 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13 | €1,836 | +€1,823 | +14299.5% |
| Other operating charges | 640/8 | €753 | €4,591 | +€3,838 | +509.6% |
| Gross operating margin | 9900 | €38,454 | €48,356 | +€9,903 | +25.8% |
| Operating profit (loss) | 9901 | €37,688 | €41,929 | +€4,242 | +11.3% |
| Financial income | 75/76B | - | €539 | +€539 | |
| Recurring financial income | 75 | - | €539 | +€539 | |
| Financial charges | 65/66B | €25 | €225 | +€200 | +804.6% |
| Recurring financial charges | 65 | €25 | €225 | +€200 | +804.6% |
| Profit (loss) for the period before taxes | 9903 | €37,663 | €42,244 | +€4,581 | +12.2% |
| Income taxes | 67/77 | €7,448 | €7,403 | -€45 | -0.6% |
| Profit (loss) for the period | 9904 | €30,215 | €34,841 | +€4,626 | +15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €30,215 | €34,841 | +€4,626 | +15.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.