OLIMAR SERVICES: 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.
OLIMAR SERVICES
Largest movements
- Tangible fixed assets -€78,774
down €78,774 (-5.7%), from €1.4m to €1.3m
of which Land and buildings: -€78,774
- Cash +€68,251
up €68,251 (+454%), from €15,018 to €83,269
mainly Net result for the year (+€127,777) and Depreciation (+€80,227)
- Receivables within one year -€29,706
no longer reported in 2025 (was €29,706)
of which Trade receivables: -€29,133
- Other debts -€150,632
down €150,632 (-83.4%), from €180,510 to €29,878
- Reserves +€127,777
up €127,777 (+24.0%), from €533,307 to €661,085
of which Distributable reserves: +€127,777
- Accrued charges and deferred income -€14,542
down €14,542 (-59.7%), from €24,369 to €9,827
- Gross operating margin +€38,520
up €38,520 (+16.8%), from €229,651 to €268,170
- Financial charges -€13,375
down €13,375 (-57.8%), from €23,154 to €9,779
- Taxes +€12,165
up €12,165 (+40.0%), from €30,427 to €42,592
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 | €1,439,324 | €1,401,343 | -€37,980 | -2.6% |
| Fixed assets | 21/28 | €1,380,814 | €1,302,040 | -€78,774 | -5.7% |
| Tangible fixed assets | 22/27 | €1,380,814 | €1,302,040 | -€78,774 | -5.7% |
| Land and buildings | 22 | €1,353,430 | €1,274,656 | -€78,774 | -5.8% |
| Furniture and vehicles | 24 | €27,384 | €27,384 | = | 0.0% |
| Current assets | 29/58 | €58,510 | €99,304 | +€40,794 | +69.7% |
| Amounts receivable within one year | 40/41 | €29,706 | - | -€29,706 | |
| Trade receivables | 40 | €29,133 | - | -€29,133 | |
| Other amounts receivable | 41 | €573 | - | -€573 | |
| Cash at bank and in hand | 54/58 | €15,018 | €83,269 | +€68,251 | +454% |
| Deferred charges and accrued income | 490/1 | €13,785 | €16,035 | +€2,250 | +16.3% |
| Total equity and liabilities | 10/49 | €1,439,324 | €1,401,343 | -€37,980 | -2.6% |
| Equity | 10/15 | €1,146,942 | €1,274,719 | +€127,777 | +11.1% |
| Contributions | 10/11 | €613,634 | €613,634 | = | 0.0% |
| Reserves | 13 | €533,307 | €661,085 | +€127,777 | +24.0% |
| Non-distributable reserves | 130/1 | €6,491 | €6,491 | = | 0.0% |
| Other | 1319 | €6,491 | €6,491 | = | 0.0% |
| Distributable reserves | 133 | €526,817 | €654,594 | +€127,777 | +24.3% |
| Amounts payable | 17/49 | €292,382 | €126,624 | -€165,758 | -56.7% |
| Amounts payable after more than one year | 17 | €69,875 | €60,749 | -€9,125 | -13.1% |
| Financial debts | 170/4 | €69,875 | €60,749 | -€9,125 | -13.1% |
| Amounts payable within one year | 42/48 | €198,139 | €56,048 | -€142,091 | -71.7% |
| Current portion of amounts payable after more than one year | 42 | €9,709 | €9,878 | +€169 | +1.7% |
| Trade debts | 44 | €2,345 | €843 | -€1,502 | -64.1% |
| Suppliers | 440/4 | €2,345 | €843 | -€1,502 | -64.1% |
| Taxes, remuneration and social security | 45 | €5,575 | €15,449 | +€9,874 | +177% |
| Taxes | 450/3 | €5,575 | €15,449 | +€9,874 | +177% |
| Other amounts payable | 47/48 | €180,510 | €29,878 | -€150,632 | -83.4% |
| Accrued charges and deferred income | 492/3 | €24,369 | €9,827 | -€14,542 | -59.7% |
| Remuneration, social security and pensions | 62 | €163 | €170 | +€7 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,026 | €80,227 | +€202 | +0.3% |
| Other operating charges | 640/8 | €5,154 | €7,714 | +€2,560 | +49.7% |
| Gross operating margin | 9900 | €229,651 | €268,170 | +€38,520 | +16.8% |
| Operating profit (loss) | 9901 | €144,307 | €180,059 | +€35,752 | +24.8% |
| Financial income | 75/76B | - | €90 | +€90 | |
| Recurring financial income | 75 | - | €90 | +€90 | |
| Financial charges | 65/66B | €23,154 | €9,779 | -€13,375 | -57.8% |
| Recurring financial charges | 65 | €23,154 | €9,779 | -€13,375 | -57.8% |
| Profit (loss) for the period before taxes | 9903 | €121,153 | €170,370 | +€49,217 | +40.6% |
| Income taxes | 67/77 | €30,427 | €42,592 | +€12,165 | +40.0% |
| Profit (loss) for the period | 9904 | €90,726 | €127,777 | +€37,052 | +40.8% |
| Profit (loss) for the period to be appropriated | 9905 | €90,726 | €127,777 | +€37,052 | +40.8% |
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 16 October 2026 via checked.be.