OLIMAX: 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.
OLIMAX
Largest movements
- Receivables within one year -€33,370
down €33,370 (-30.9%), from €108,114 to €74,745
of which Trade receivables: -€33,439
- Cash -€16,994
down €16,994 (-81.2%), from €20,930 to €3,936
mainly Accrued charges and deferred income (-€46,877) and Net result for the year (-€31,061)
- Tangible fixed assets -€6,280
down €6,280 (-50.0%), from €12,560 to €6,280
- Deferred charges and accrued income +€1,788
up €1,788 (+266.6%), from €670 to €2,458
- Accrued charges and deferred income -€46,877
no longer reported in 2024 (was €46,877)
- Other debts +€32,266
up €32,266 (+87.3%), from €36,946 to €69,213
- Profit (loss) carried forward -€31,061
down €31,061 (-6.6%), from -€470,732 to -€501,793
- Tax, wage and social debts -€7,868
down €7,868 (-54.0%), from €14,581 to €6,713
- Gross operating margin -€56,098
down €56,098, from €32,433 to -€23,666
- Taxes -€8,511
down €8,511 (-99.2%), from €8,581 to €69
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 | €142,275 | €88,029 | -€54,246 | -38.1% |
| Fixed assets | 21/28 | €12,560 | €6,890 | -€5,670 | -45.1% |
| Tangible fixed assets | 22/27 | €12,560 | €6,280 | -€6,280 | -50.0% |
| Furniture and vehicles | 24 | €12,560 | €6,280 | -€6,280 | -50.0% |
| Financial fixed assets | 28 | - | €610 | +€610 | |
| Current assets | 29/58 | €129,715 | €81,139 | -€48,576 | -37.4% |
| Amounts receivable within one year | 40/41 | €108,114 | €74,745 | -€33,370 | -30.9% |
| Trade receivables | 40 | €106,220 | €72,782 | -€33,439 | -31.5% |
| Other amounts receivable | 41 | €1,894 | €1,963 | +€69 | +3.6% |
| Cash at bank and in hand | 54/58 | €20,930 | €3,936 | -€16,994 | -81.2% |
| Deferred charges and accrued income | 490/1 | €670 | €2,458 | +€1,788 | +266.6% |
| Total equity and liabilities | 10/49 | €142,275 | €88,029 | -€54,246 | -38.1% |
| Equity | 10/15 | -€253,814 | -€284,875 | -€31,061 | -12.2% |
| Contributions | 10/11 | €200,065 | €200,065 | = | 0.0% |
| Capital | 10 | €200,065 | - | -€200,065 | |
| Issued capital | 100 | €200,065 | - | -€200,065 | |
| Outside capital | 11 | - | €200,065 | +€200,065 | |
| Other | 1109/19 | - | €200,065 | +€200,065 | |
| Reserves | 13 | €16,853 | €16,853 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,853 | €16,853 | = | 0.0% |
| Legal reserve | 130 | €16,853 | €10,656 | -€6,197 | -36.8% |
| Reserves not available under the articles | 1311 | - | €6,197 | +€6,197 | |
| Profit (loss) carried forward | 14 | -€470,732 | -€501,793 | -€31,061 | -6.6% |
| Amounts payable | 17/49 | €396,089 | €372,904 | -€23,185 | -5.9% |
| Amounts payable after more than one year | 17 | €295,000 | €295,000 | = | 0.0% |
| Other amounts payable | 178/9 | €295,000 | €295,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €54,211 | €77,904 | +€23,693 | +43.7% |
| Trade debts | 44 | €2,684 | €1,979 | -€706 | -26.3% |
| Suppliers | 440/4 | €2,684 | €1,979 | -€706 | -26.3% |
| Taxes, remuneration and social security | 45 | €14,581 | €6,713 | -€7,868 | -54.0% |
| Taxes | 450/3 | €14,581 | €6,713 | -€7,868 | -54.0% |
| Other amounts payable | 47/48 | €36,946 | €69,213 | +€32,266 | +87.3% |
| Accrued charges and deferred income | 492/3 | €46,877 | - | -€46,877 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,280 | €6,280 | = | 0.0% |
| Other operating charges | 640/8 | €850 | €763 | -€88 | -10.3% |
| Gross operating margin | 9900 | €32,433 | -€23,666 | -€56,098 | |
| Operating profit (loss) | 9901 | €25,302 | -€30,708 | -€56,011 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -97.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -97.7% |
| Financial charges | 65/66B | €410 | €283 | -€127 | -31.0% |
| Recurring financial charges | 65 | €410 | €283 | -€127 | -31.0% |
| Profit (loss) for the period before taxes | 9903 | €24,893 | -€30,991 | -€55,884 | |
| Income taxes | 67/77 | €8,581 | €69 | -€8,511 | -99.2% |
| Profit (loss) for the period | 9904 | €16,312 | -€31,061 | -€47,373 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,312 | -€31,061 | -€47,373 |
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 4 October 2026 via checked.be.