Olhao Nuvem: what changed
What changed
Olhao Nuvem
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€2,408
2024 · €53,511-€51,103
Equity
€121,012
2024 · €118,604+€2,408
Cash
€8,065
2024 · €111,377-€103,313
Balance sheet total
€440,133
2024 · €374,139+€65,994
Largest movements
Assets
- Tangible fixed assets +€173,173
up €173,173 (+73.9%), from €234,348 to €407,521
of which Other tangible fixed assets: +€177,091
- Cash -€103,313
down €103,313 (-92.8%), from €111,377 to €8,065
mainly Investment in fixed assets (net) (-€181,985) and Tax, wage and social debts (-€12,808)
Equity and liabilities
- Trade debts +€46,575
up €46,575 (+75.9%), from €61,362 to €107,937
- Other debts +€38,415
up €38,415 (+47.8%), from €80,345 to €118,760
- Tax, wage and social debts -€12,808
down €12,808 (-94.2%), from €13,597 to €789
- Debts after one year -€8,978
down €8,978 (-10.4%), from €86,417 to €77,439
Income statement
- Gross operating margin -€63,726
down €63,726 (-76.0%), from €83,854 to €20,129
- Taxes -€11,126
down €11,126 (-73.3%), from €15,180 to €4,054
- Financial charges -€4,239
down €4,239 (-53.4%), from €7,943 to €3,704
- Depreciation +€4,085
up €4,085 (+86.4%), from €4,728 to €8,812
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€53,511
Gross operating margin
-€63,726
Depreciation
-€4,085
Other operating charges
+€342
Other operating items
+€1,000
Financial income
-€0
Financial charges
+€4,239
Taxes
+€11,126
Result 2025
€2,408
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€87,339
Investment
-€181,985
Financing
-€8,667
Cash 2024
€111,377
From operations (derived)
+€87,339
Net result for the year
+€2,408
Depreciation
+€8,812
Receivables within one year
+€3,868
Smaller working-capital items
+€69
Trade debts
+€46,575
Tax, wage and social debts
-€12,808
Other debts
+€38,415
Investment (derived)
-€181,985
Investment in fixed assets (net)
-€181,985
Financing
-€8,667
Debts after one year
-€8,978
Current portion of long-term debt
+€311
Cash 2025
€8,065
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €374,139 | €440,133 | +€65,994 | +17.6% |
| Fixed assets | 21/28 | €234,453 | €407,626 | +€173,173 | +73.9% |
| Tangible fixed assets | 22/27 | €234,348 | €407,521 | +€173,173 | +73.9% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €8,098 | €4,180 | -€3,918 | -48.4% |
| Other tangible fixed assets | 26 | €226,250 | €403,341 | +€177,091 | +78.3% |
| Financial fixed assets | 28 | €105 | €105 | = | 0.0% |
| Current assets | 29/58 | €139,686 | €32,507 | -€107,179 | -76.7% |
| Amounts receivable within one year | 40/41 | €28,285 | €24,417 | -€3,868 | -13.7% |
| Trade receivables | 40 | €28,277 | €15,679 | -€12,598 | -44.6% |
| Other amounts receivable | 41 | €8 | €8,738 | +€8,730 | +108,446% |
| Cash at bank and in hand | 54/58 | €111,377 | €8,065 | -€103,313 | -92.8% |
| Deferred charges and accrued income | 490/1 | €23 | €25 | +€2 | +8.0% |
| Total equity and liabilities | 10/49 | €374,139 | €440,133 | +€65,994 | +17.6% |
| Equity | 10/15 | €118,604 | €121,012 | +€2,408 | +2.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €91,604 | €94,012 | +€2,408 | +2.6% |
| Amounts payable | 17/49 | €255,535 | €319,120 | +€63,586 | +24.9% |
| Amounts payable after more than one year | 17 | €86,417 | €77,439 | -€8,978 | -10.4% |
| Financial debts | 170/4 | €86,417 | €77,439 | -€8,978 | -10.4% |
| Amounts payable within one year | 42/48 | €163,971 | €236,464 | +€72,492 | +44.2% |
| Current portion of amounts payable after more than one year | 42 | €8,667 | €8,978 | +€311 | +3.6% |
| Trade debts | 44 | €61,362 | €107,937 | +€46,575 | +75.9% |
| Suppliers | 440/4 | €61,362 | €107,937 | +€46,575 | +75.9% |
| Taxes, remuneration and social security | 45 | €13,597 | €789 | -€12,808 | -94.2% |
| Taxes | 450/3 | €13,597 | €789 | -€12,808 | -94.2% |
| Other amounts payable | 47/48 | €80,345 | €118,760 | +€38,415 | +47.8% |
| Accrued charges and deferred income | 492/3 | €5,147 | €5,218 | +€71 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,728 | €8,812 | +€4,085 | +86.4% |
| Other operating charges | 640/8 | €1,493 | €1,151 | -€342 | -22.9% |
| Non-recurring operating charges | 66A | €1,000 | €0 | -€1,000 | -100% |
| Gross operating margin | 9900 | €83,854 | €20,129 | -€63,726 | -76.0% |
| Operating profit (loss) | 9901 | €76,633 | €10,165 | -€66,468 | -86.7% |
| Financial income | 75/76B | €1 | €0 | -€0 | -74.5% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -74.5% |
| Financial charges | 65/66B | €7,943 | €3,704 | -€4,239 | -53.4% |
| Recurring financial charges | 65 | €7,943 | €3,704 | -€4,239 | -53.4% |
| Profit (loss) for the period before taxes | 9903 | €68,691 | €6,462 | -€62,229 | -90.6% |
| Income taxes | 67/77 | €15,180 | €4,054 | -€11,126 | -73.3% |
| Profit (loss) for the period | 9904 | €53,511 | €2,408 | -€51,103 | -95.5% |
| Profit (loss) for the period to be appropriated | 9905 | €53,511 | €2,408 | -€51,103 | -95.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.