Olimat: what changed
Two fiscal 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.
Olimat
Largest movements
- Receivables within one year +€1.0m
up €1.0m (+2067.6%), from €48,622 to €1.1m
of which Trade receivables: +€1.0m
- Tangible fixed assets -€44,220
down €44,220 (-30.3%), from €145,816 to €101,596
of which Plant, machinery and equipment: -€40,396
- Profit (loss) carried forward +€924,341
up €924,341 (+68.5%), from -€1.3m to -€424,365
- Other debts +€46,960
up €46,960 (+4.7%), from €1.0m to €1.1m
- Trade debts -€32,549
down €32,549 (-64.2%), from €50,708 to €18,159
- Debts after one year +€21,046
up €21,046 (+4.9%), from €427,377 to €448,422
of which Other amounts payable: +€24,238
- Gross operating margin +€1.1m
up €1.1m (+1877.5%), from €57,858 to €1.1m
- Staff costs -€34,723
down €34,723 (-20.4%), from €170,231 to €135,508
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €225,149 | €1,179,688 | +€954,539 | +424.0% |
| Fixed assets | 21/28 | €147,935 | €103,716 | -€44,220 | -29.9% |
| Intangible fixed assets | 21 | €0 | €0 | = | 0.0% |
| Tangible fixed assets | 22/27 | €145,816 | €101,596 | -€44,220 | -30.3% |
| Plant, machinery and equipment | 23 | €131,850 | €91,454 | -€40,396 | -30.6% |
| Furniture and vehicles | 24 | €13,966 | €10,142 | -€3,823 | -27.4% |
| Financial fixed assets | 28 | €2,120 | €2,120 | = | 0.0% |
| Current assets | 29/58 | €77,214 | €1,075,973 | +€998,759 | +1293.5% |
| Amounts receivable within one year | 40/41 | €48,622 | €1,053,896 | +€1.0m | +2067.6% |
| Trade receivables | 40 | €45,640 | €1,053,896 | +€1.0m | +2209.1% |
| Other amounts receivable | 41 | €2,982 | - | -€2,982 | |
| Cash at bank and in hand | 54/58 | €18,245 | €16,330 | -€1,915 | -10.5% |
| Deferred charges and accrued income | 490/1 | €10,347 | €5,746 | -€4,601 | -44.5% |
| Total equity and liabilities | 10/49 | €225,149 | €1,179,688 | +€954,539 | +424.0% |
| Equity | 10/15 | -€1,280,607 | -€356,266 | +€924,341 | +72.2% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €3,099 | €3,099 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,348,706 | -€424,365 | +€924,341 | +68.5% |
| Amounts payable | 17/49 | €1,505,756 | €1,535,955 | +€30,198 | +2.0% |
| Amounts payable after more than one year | 17 | €427,377 | €448,422 | +€21,046 | +4.9% |
| Financial debts | 170/4 | €30,824 | €27,631 | -€3,193 | -10.4% |
| Other amounts payable | 178/9 | €396,553 | €420,791 | +€24,238 | +6.1% |
| Amounts payable within one year | 42/48 | €1,078,380 | €1,087,532 | +€9,153 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €3,052 | €4,544 | +€1,492 | +48.9% |
| Trade debts | 44 | €50,708 | €18,159 | -€32,549 | -64.2% |
| Suppliers | 440/4 | €50,708 | €18,159 | -€32,549 | -64.2% |
| Taxes, remuneration and social security | 45 | €21,271 | €14,521 | -€6,750 | -31.7% |
| Taxes | 450/3 | €4,988 | €4,855 | -€133 | -2.7% |
| Remuneration and social security | 454/9 | €16,283 | €9,666 | -€6,617 | -40.6% |
| Other amounts payable | 47/48 | €1,003,349 | €1,050,308 | +€46,960 | +4.7% |
| Non-recurring operating income | 76A | - | €970,078 | +€970,078 | |
| Remuneration, social security and pensions | 62 | €170,231 | €135,508 | -€34,723 | -20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,742 | €44,220 | -€4,522 | -9.3% |
| Other operating charges | 640/8 | €13,018 | €2,351 | -€10,667 | -81.9% |
| Gross operating margin | 9900 | €57,858 | €1,144,155 | +€1.1m | +1877.5% |
| Operating profit (loss) | 9901 | -€174,133 | €962,076 | +€1.1m | |
| Financial income | 75/76B | €4,349 | €58 | -€4,291 | -98.7% |
| Recurring financial income | 75 | €4,349 | €58 | -€4,291 | -98.7% |
| Financial charges | 65/66B | €39,427 | €37,684 | -€1,744 | -4.4% |
| Recurring financial charges | 65 | €39,427 | €37,684 | -€1,744 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | -€209,211 | €924,450 | +€1.1m | |
| Income taxes | 67/77 | €164 | €109 | -€55 | -33.4% |
| Profit (loss) for the period | 9904 | -€209,375 | €924,341 | +€1.1m | |
| Profit (loss) for the period to be appropriated | 9905 | -€209,375 | €924,341 | +€1.1m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.