OLIMAX PROJECT: 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.
OLIMAX PROJECT
Largest movements
- Stocks and contracts +€2.3m
up €2.3m (+80.1%), from €2.9m to €5.3m
- Receivables within one year +€266,525
up €266,525 (+316.3%), from €84,269 to €350,794
of which Trade receivables: +€350,519
- Cash +€126,374
up €126,374 (+312.9%), from €40,387 to €166,761
mainly Short-term financial debts (+€2.0m) and Other debts (+€455,537)
- Short-term financial debts +€2.0m
up €2.0m (+208.9%), from €970,174 to €3.0m
- Other debts +€455,537
up €455,537 (+23.7%), from €1.9m to €2.4m
- Profit (loss) carried forward +€155,054
up €155,054, from -€51,514 to €103,539
- Gross operating margin +€238,343
up €238,343, from -€48,152 to €190,192
- Taxes +€30,354
new in 2025: €30,354
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 | €3,061,226 | €5,787,184 | +€2.7m | +89.0% |
| Fixed assets | 21/28 | €11,523 | €9,381 | -€2,143 | -18.6% |
| Tangible fixed assets | 22/27 | €11,523 | €8,981 | -€2,543 | -22.1% |
| Furniture and vehicles | 24 | €11,523 | €8,981 | -€2,543 | -22.1% |
| Financial fixed assets | 28 | - | €400 | +€400 | |
| Current assets | 29/58 | €3,049,703 | €5,777,803 | +€2.7m | +89.5% |
| Stocks and contracts in progress | 3 | €2,916,017 | €5,252,270 | +€2.3m | +80.1% |
| Stocks | 30/36 | €2,916,017 | €5,252,270 | +€2.3m | +80.1% |
| Amounts receivable within one year | 40/41 | €84,269 | €350,794 | +€266,525 | +316.3% |
| Trade receivables | 40 | - | €350,519 | +€350,519 | |
| Other amounts receivable | 41 | €84,269 | €275 | -€83,993 | -99.7% |
| Cash at bank and in hand | 54/58 | €40,387 | €166,761 | +€126,374 | +312.9% |
| Deferred charges and accrued income | 490/1 | €9,030 | €7,979 | -€1,051 | -11.6% |
| Total equity and liabilities | 10/49 | €3,061,226 | €5,787,184 | +€2.7m | +89.0% |
| Equity | 10/15 | €148,486 | €303,539 | +€155,054 | +104.4% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,514 | €103,539 | +€155,054 | |
| Amounts payable | 17/49 | €2,912,741 | €5,483,645 | +€2.6m | +88.3% |
| Amounts payable within one year | 42/48 | €2,906,897 | €5,467,227 | +€2.6m | +88.1% |
| Financial debts | 43 | €970,174 | €2,997,153 | +€2.0m | +208.9% |
| Credit institutions | 430/8 | €970,174 | €2,997,153 | +€2.0m | +208.9% |
| Trade debts | 44 | €13,723 | €61,184 | +€47,460 | +345.8% |
| Suppliers | 440/4 | €13,723 | €61,184 | +€47,460 | +345.8% |
| Taxes, remuneration and social security | 45 | - | €30,354 | +€30,354 | |
| Taxes | 450/3 | - | €30,354 | +€30,354 | |
| Other amounts payable | 47/48 | €1,923,000 | €2,378,537 | +€455,537 | +23.7% |
| Accrued charges and deferred income | 492/3 | €5,844 | €16,418 | +€10,574 | +180.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,190 | €2,543 | +€1,353 | +113.8% |
| Other operating charges | 640/8 | €380 | €563 | +€183 | +48.1% |
| Gross operating margin | 9900 | -€48,152 | €190,192 | +€238,343 | |
| Operating profit (loss) | 9901 | -€49,721 | €187,086 | +€236,808 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,793 | €1,680 | -€113 | -6.3% |
| Recurring financial charges | 65 | €1,793 | €1,680 | -€113 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | -€51,514 | €185,407 | +€236,922 | |
| Income taxes | 67/77 | - | €30,354 | +€30,354 | |
| Profit (loss) for the period | 9904 | -€51,514 | €155,054 | +€206,568 | |
| Profit (loss) for the period to be appropriated | 9905 | -€51,514 | €155,054 | +€206,568 |
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 9 October 2026 via checked.be.