OLGA AKDOGAN: 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.
OLGA AKDOGAN
Largest movements
- Receivables within one year +€27,019
up €27,019 (+96.0%), from €28,140 to €55,160
of which Other amounts receivable: +€34,352
- Cash +€19,174
up €19,174 (+50.8%), from €37,735 to €56,910
mainly Net result for the year (+€51,375) and Depreciation (+€84)
- Tangible fixed assets +€1,196
new in 2025: €1,196
- Profit (loss) carried forward +€51,325
up €51,325 (+102.1%), from €50,260 to €101,586
- Tax, wage and social debts -€3,965
down €3,965 (-31.4%), from €12,615 to €8,651
- Financial income +€997
up €997 (+650.8%), from €153 to €1,150
- Other operating charges -€670
down €670 (-79.7%), from €841 to €171
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 | €65,876 | €113,266 | +€47,390 | +71.9% |
| Fixed assets | 21/28 | - | €1,196 | +€1,196 | |
| Tangible fixed assets | 22/27 | - | €1,196 | +€1,196 | |
| Furniture and vehicles | 24 | - | €1,196 | +€1,196 | |
| Current assets | 29/58 | €65,876 | €112,069 | +€46,194 | +70.1% |
| Amounts receivable within one year | 40/41 | €28,140 | €55,160 | +€27,019 | +96.0% |
| Trade receivables | 40 | €23,087 | €15,754 | -€7,333 | -31.8% |
| Other amounts receivable | 41 | €5,053 | €39,405 | +€34,352 | +679.8% |
| Cash at bank and in hand | 54/58 | €37,735 | €56,910 | +€19,174 | +50.8% |
| Total equity and liabilities | 10/49 | €65,876 | €113,266 | +€47,390 | +71.9% |
| Equity | 10/15 | €53,260 | €104,586 | +€51,325 | +96.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,260 | €101,586 | +€51,325 | +102.1% |
| Amounts payable | 17/49 | €12,615 | €8,680 | -€3,935 | -31.2% |
| Amounts payable within one year | 42/48 | €12,615 | €8,680 | -€3,935 | -31.2% |
| Trade debts | 44 | - | €29 | +€29 | |
| Suppliers | 440/4 | - | €29 | +€29 | |
| Taxes, remuneration and social security | 45 | €12,615 | €8,651 | -€3,965 | -31.4% |
| Taxes | 450/3 | €12,615 | €8,651 | -€3,965 | -31.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €84 | +€84 | |
| Other operating charges | 640/8 | €841 | €171 | -€670 | -79.7% |
| Gross operating margin | 9900 | €63,520 | €63,548 | +€28 | 0.0% |
| Operating profit (loss) | 9901 | €62,679 | €63,293 | +€615 | +1.0% |
| Financial income | 75/76B | €153 | €1,150 | +€997 | +650.8% |
| Recurring financial income | 75 | €153 | €1,150 | +€997 | +650.8% |
| Financial charges | 65/66B | - | €95 | +€95 | |
| Recurring financial charges | 65 | - | €95 | +€95 | |
| Profit (loss) for the period before taxes | 9903 | €62,832 | €64,348 | +€1,516 | +2.4% |
| Income taxes | 67/77 | €12,572 | €12,973 | +€401 | +3.2% |
| Profit (loss) for the period | 9904 | €50,260 | €51,375 | +€1,115 | +2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €50,260 | €51,375 | +€1,115 | +2.2% |
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 12 October 2026 via checked.be.