OLFASTYLE: 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.
OLFASTYLE
Largest movements
- Receivables within one year +€18,211
up €18,211 (+222%), from €8,200 to €26,411
of which Trade receivables: +€18,635
- Cash +€4,388
up €4,388 (+9.6%), from €45,628 to €50,016
mainly Trade debts (+€20,086) and Depreciation (+€4,130)
- Tangible fixed assets -€4,130
down €4,130 (-91.4%), from €4,520 to €390
of which Plant, machinery and equipment: -€4,000
- Trade debts +€20,086
up €20,086 (+47.8%), from €41,999 to €62,085
- Profit (loss) carried forward -€3,835
down €3,835 (-25.9%), from €14,799 to €10,964
- Tax, wage and social debts +€2,332
up €2,332 (+27.2%), from €8,573 to €10,905
- Staff costs +€20,943
up €20,943 (+28.9%), from €72,504 to €93,447
- Gross operating margin +€19,703
up €19,703 (+23.6%), from €83,465 to €103,168
- Financial charges +€4,039
up €4,039 (+123%), from €3,287 to €7,326
of which Financial charges: +€4,039
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.
Derived cash bridge
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €75,838 | €94,422 | +€18,584 | +24.5% |
| Fixed assets | 21/28 | €16,920 | €12,790 | -€4,130 | -24.4% |
| Tangible fixed assets | 22/27 | €4,520 | €390 | -€4,130 | -91.4% |
| Plant, machinery and equipment | 23 | €4,000 | €0 | -€4,000 | -100% |
| Furniture and vehicles | 24 | €520 | €390 | -€130 | -25.0% |
| Financial fixed assets | 28 | €12,400 | €12,400 | = | 0.0% |
| Current assets | 29/58 | €58,918 | €81,632 | +€22,714 | +38.6% |
| Stocks and contracts in progress | 3 | €5,090 | €5,205 | +€115 | +2.3% |
| Stocks | 30/36 | €5,090 | €5,205 | +€115 | +2.3% |
| Amounts receivable within one year | 40/41 | €8,200 | €26,411 | +€18,211 | +222% |
| Trade receivables | 40 | €0 | €18,635 | +€18,635 | |
| Other amounts receivable | 41 | €8,200 | €7,776 | -€424 | -5.2% |
| Cash at bank and in hand | 54/58 | €45,628 | €50,016 | +€4,388 | +9.6% |
| Total equity and liabilities | 10/49 | €75,838 | €94,422 | +€18,584 | +24.5% |
| Equity | 10/15 | €16,799 | €12,964 | -€3,835 | -22.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | €2,000 | = | 0.0% |
| Issued capital | 100 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,799 | €10,964 | -€3,835 | -25.9% |
| Amounts payable | 17/49 | €59,039 | €81,458 | +€22,419 | +38.0% |
| Amounts payable within one year | 42/48 | €59,039 | €81,458 | +€22,419 | +38.0% |
| Trade debts | 44 | €41,999 | €62,085 | +€20,086 | +47.8% |
| Suppliers | 440/4 | €41,999 | €62,085 | +€20,086 | +47.8% |
| Taxes, remuneration and social security | 45 | €8,573 | €10,905 | +€2,332 | +27.2% |
| Remuneration and social security | 454/9 | €8,573 | €10,905 | +€2,332 | +27.2% |
| Other amounts payable | 47/48 | €8,467 | €8,468 | +€1 | 0.0% |
| Remuneration, social security and pensions | 62 | €72,504 | €93,447 | +€20,943 | +28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,130 | €4,130 | = | 0.0% |
| Gross operating margin | 9900 | €83,465 | €103,168 | +€19,703 | +23.6% |
| Operating profit (loss) | 9901 | €6,831 | €5,591 | -€1,240 | -18.2% |
| Financial charges | 65/66B | €3,287 | €7,326 | +€4,039 | +123% |
| Recurring financial charges | 65 | €3,287 | €7,326 | +€4,039 | +123% |
| Non-recurring financial charges | 66B | €3,287 | - | -€3,287 | |
| Profit (loss) for the period before taxes | 9903 | €3,544 | -€1,735 | -€5,279 | |
| Income taxes | 67/77 | €2,201 | €2,095 | -€106 | -4.8% |
| Profit (loss) for the period | 9904 | €1,343 | -€3,830 | -€5,173 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,343 | -€3,830 | -€5,173 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.