OLIDEM: 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.
OLIDEM
Largest movements
- Receivables within one year +€113,257
up €113,257 (+292.5%), from €38,715 to €151,971
of which Trade receivables: +€62,157
- Cash -€54,416
down €54,416 (-66.0%), from €82,460 to €28,044
mainly Receivables within one year (-€113,257) and Accrued charges and deferred income (-€20,500)
- Tangible fixed assets -€30,195
down €30,195 (-19.3%), from €156,480 to €126,285
of which Furniture and vehicles: -€16,978
- Advances received +€26,045
new in 2025: €26,045
- Accrued charges and deferred income -€20,500
no longer reported in 2025 (was €20,500)
- Trade debts +€19,791
up €19,791 (+63.4%), from €31,221 to €51,012
- Debts after one year -€15,606
down €15,606 (-13.8%), from €113,193 to €97,587
- Tax, wage and social debts +€9,940
up €9,940 (+44.9%), from €22,144 to €32,084
of which Remuneration and social security: +€14,418
- Staff costs +€133,081
up €133,081 (+260.9%), from €51,016 to €184,097
- Gross operating margin +€67,126
up €67,126 (+43.7%), from €153,457 to €220,583
- Taxes -€12,424
down €12,424 (-81.7%), from €15,205 to €2,781
- Depreciation -€4,851
down €4,851 (-18.3%), from €26,457 to €21,606
- Other operating charges -€4,296
down €4,296 (-61.1%), from €7,026 to €2,730
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 | €280,956 | €307,440 | +€26,484 | +9.4% |
| Fixed assets | 21/28 | €156,480 | €126,285 | -€30,195 | -19.3% |
| Tangible fixed assets | 22/27 | €156,480 | €126,285 | -€30,195 | -19.3% |
| Land and buildings | 22 | €128,488 | €115,952 | -€12,537 | -9.8% |
| Plant, machinery and equipment | 23 | €1,227 | €547 | -€680 | -55.4% |
| Furniture and vehicles | 24 | €26,765 | €9,786 | -€16,978 | -63.4% |
| Current assets | 29/58 | €124,476 | €181,155 | +€56,680 | +45.5% |
| Amounts receivable within one year | 40/41 | €38,715 | €151,971 | +€113,257 | +292.5% |
| Trade receivables | 40 | €13,100 | €75,257 | +€62,157 | +474.5% |
| Other amounts receivable | 41 | €25,614 | €76,714 | +€51,100 | +199.5% |
| Cash at bank and in hand | 54/58 | €82,460 | €28,044 | -€54,416 | -66.0% |
| Deferred charges and accrued income | 490/1 | €3,301 | €1,140 | -€2,161 | -65.5% |
| Total equity and liabilities | 10/49 | €280,956 | €307,440 | +€26,484 | +9.4% |
| Equity | 10/15 | €79,818 | €85,106 | +€5,288 | +6.6% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Capital | 10 | €8,060 | - | -€8,060 | |
| Issued capital | 100 | €8,060 | - | -€8,060 | |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,758 | €57,046 | +€5,288 | +10.2% |
| Amounts payable | 17/49 | €201,137 | €222,334 | +€21,196 | +10.5% |
| Amounts payable after more than one year | 17 | €113,193 | €97,587 | -€15,606 | -13.8% |
| Financial debts | 170/4 | €113,193 | €97,587 | -€15,606 | -13.8% |
| Amounts payable within one year | 42/48 | €67,444 | €124,747 | +€57,303 | +85.0% |
| Current portion of amounts payable after more than one year | 42 | €14,080 | €15,606 | +€1,527 | +10.8% |
| Trade debts | 44 | €31,221 | €51,012 | +€19,791 | +63.4% |
| Suppliers | 440/4 | €31,221 | €51,012 | +€19,791 | +63.4% |
| Advances received on contracts in progress | 46 | - | €26,045 | +€26,045 | |
| Taxes, remuneration and social security | 45 | €22,144 | €32,084 | +€9,940 | +44.9% |
| Taxes | 450/3 | €20,540 | €16,062 | -€4,478 | -21.8% |
| Remuneration and social security | 454/9 | €1,604 | €16,022 | +€14,418 | +898.9% |
| Accrued charges and deferred income | 492/3 | €20,500 | - | -€20,500 | |
| Remuneration, social security and pensions | 62 | €51,016 | €184,097 | +€133,081 | +260.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,457 | €21,606 | -€4,851 | -18.3% |
| Other operating charges | 640/8 | €7,026 | €2,730 | -€4,296 | -61.1% |
| Non-recurring operating charges | 66A | - | €1,349 | +€1,349 | |
| Gross operating margin | 9900 | €153,457 | €220,583 | +€67,126 | +43.7% |
| Operating profit (loss) | 9901 | €68,958 | €10,801 | -€58,158 | -84.3% |
| Financial income | 75/76B | €1,949 | €1,167 | -€782 | -40.1% |
| Recurring financial income | 75 | €1,949 | €1,167 | -€782 | -40.1% |
| Financial charges | 65/66B | €3,973 | €3,899 | -€73 | -1.8% |
| Recurring financial charges | 65 | €3,973 | €3,899 | -€73 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €66,934 | €8,069 | -€58,866 | -87.9% |
| Income taxes | 67/77 | €15,205 | €2,781 | -€12,424 | -81.7% |
| Profit (loss) for the period | 9904 | €51,730 | €5,288 | -€46,442 | -89.8% |
| Profit (loss) for the period to be appropriated | 9905 | €51,730 | €5,288 | -€46,442 | -89.8% |
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 10 October 2026 via checked.be.