OLFIE: 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.
OLFIE
Largest movements
- Tangible fixed assets +€34,871
up €34,871 (+8.9%), from €391,414 to €426,285
of which Furniture and vehicles: +€33,662
- Cash -€20,570
down €20,570 (-43.7%), from €47,065 to €26,495
mainly Investment in fixed assets (net) (-€63,507) and Tax, wage and social debts (-€4,500)
- Profit (loss) carried forward +€31,524
up €31,524 (+25.5%), from €123,411 to €154,934
- Gross operating margin +€8,677
up €8,677 (+14.2%), from €61,152 to €69,829
- Depreciation +€6,681
up €6,681 (+30.4%), from €21,955 to €28,636
- Financial income -€6,388
down €6,388 (-72.0%), from €8,875 to €2,487
- Taxes -€3,896
down €3,896 (-26.5%), from €14,687 to €10,791
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 | €749,964 | €769,677 | +€19,713 | +2.6% |
| Fixed assets | 21/28 | €391,414 | €426,285 | +€34,871 | +8.9% |
| Tangible fixed assets | 22/27 | €391,414 | €426,285 | +€34,871 | +8.9% |
| Land and buildings | 22 | €391,414 | €392,623 | +€1,209 | +0.3% |
| Furniture and vehicles | 24 | - | €33,662 | +€33,662 | |
| Current assets | 29/58 | €358,550 | €343,393 | -€15,158 | -4.2% |
| Stocks and contracts in progress | 3 | €52,676 | €52,676 | = | 0.0% |
| Stocks | 30/36 | €52,676 | €52,676 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,617 | €5,623 | +€3,006 | +115% |
| Other amounts receivable | 41 | €2,617 | €5,623 | +€3,006 | +115% |
| Current investments | 50/53 | €256,000 | €258,400 | +€2,400 | +0.9% |
| Cash at bank and in hand | 54/58 | €47,065 | €26,495 | -€20,570 | -43.7% |
| Deferred charges and accrued income | 490/1 | €192 | €198 | +€6 | +3.1% |
| Total equity and liabilities | 10/49 | €749,964 | €769,677 | +€19,713 | +2.6% |
| Equity | 10/15 | €706,532 | €733,844 | +€27,312 | +3.9% |
| Contributions | 10/11 | €428,360 | €428,360 | = | 0.0% |
| Reserves | 13 | €154,761 | €150,550 | -€4,211 | -2.7% |
| Non-distributable reserves | 130/1 | €42,836 | €42,836 | = | 0.0% |
| Reserves not available under the articles | 1311 | €42,836 | €42,836 | = | 0.0% |
| Tax-exempt reserves | 132 | €111,925 | €107,714 | -€4,211 | -3.8% |
| Profit (loss) carried forward | 14 | €123,411 | €154,934 | +€31,524 | +25.5% |
| Provisions and deferred taxes | 16 | €33,565 | €32,161 | -€1,404 | -4.2% |
| Deferred taxes | 168 | €33,565 | €32,161 | -€1,404 | -4.2% |
| Amounts payable | 17/49 | €9,867 | €3,672 | -€6,195 | -62.8% |
| Amounts payable within one year | 42/48 | €8,939 | €2,730 | -€6,210 | -69.5% |
| Trade debts | 44 | €4,439 | €2,730 | -€1,710 | -38.5% |
| Suppliers | 440/4 | €4,439 | €2,730 | -€1,710 | -38.5% |
| Taxes, remuneration and social security | 45 | €4,500 | - | -€4,500 | |
| Taxes | 450/3 | €4,500 | - | -€4,500 | |
| Accrued charges and deferred income | 492/3 | €928 | €942 | +€14 | +1.5% |
| Non-recurring operating income | 76A | - | €12,847 | +€12,847 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,955 | €28,636 | +€6,681 | +30.4% |
| Other operating charges | 640/8 | €7,098 | €6,925 | -€173 | -2.4% |
| Gross operating margin | 9900 | €61,152 | €69,829 | +€8,677 | +14.2% |
| Operating profit (loss) | 9901 | €32,099 | €34,268 | +€2,169 | +6.8% |
| Financial income | 75/76B | €8,875 | €2,487 | -€6,388 | -72.0% |
| Recurring financial income | 75 | €8,875 | €2,487 | -€6,388 | -72.0% |
| Financial charges | 65/66B | €68 | €56 | -€12 | -17.2% |
| Recurring financial charges | 65 | €68 | €56 | -€12 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €40,906 | €36,699 | -€4,207 | -10.3% |
| Transfer from deferred taxes | 780 | €4,211 | €1,404 | -€2,808 | -66.7% |
| Income taxes | 67/77 | €14,687 | €10,791 | -€3,896 | -26.5% |
| Profit (loss) for the period | 9904 | €30,431 | €27,312 | -€3,118 | -10.2% |
| Transfer from tax-exempt reserves | 789 | €1,404 | €4,211 | +€2,808 | +200% |
| Profit (loss) for the period to be appropriated | 9905 | €31,835 | €31,524 | -€311 | -1.0% |
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 16 October 2026 via checked.be.