Olina: 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.
Olina
Largest movements
- Receivables within one year +€66,119
up €66,119 (+10.8%), from €613,580 to €679,699
of which Other amounts receivable: +€71,586
- Cash -€22,192
down €22,192 (-12.9%), from €172,053 to €149,861
mainly Net result for the year (-€104,116) and Investment in fixed assets (net) (-€76,217)
- Profit (loss) carried forward -€104,116
down €104,116 (-29.1%), from €358,348 to €254,232
- Debts within one year +€103,655
up €103,655 (+15.5%), from €670,114 to €773,769
- Investment grants +€22,841
new in 2025: €22,841
- Accrued charges and deferred income +€11,007
up €11,007 (+62.4%), from €17,629 to €28,636
- Staff costs +€377,974
up €377,974 (+8.9%), from €4.2m to €4.6m
- Gross operating margin +€354,231
up €354,231 (+8.3%), from €4.3m to €4.6m
- Financial income -€70,685
down €70,685 (-99.6%), from €70,993 to €308
of which Non-recurring financial income: -€70,679
- Turnover -€57,596
down €57,596 (-13.0%), from €443,690 to €386,094
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 | €1,046,091 | €1,079,478 | +€33,387 | +3.2% |
| Fixed assets | 21/28 | €204,660 | €194,650 | -€10,010 | -4.9% |
| Tangible fixed assets | 22/27 | €204,660 | €194,650 | -€10,010 | -4.9% |
| Plant, machinery and equipment | 23 | €51,482 | €30,183 | -€21,299 | -41.4% |
| Furniture and vehicles | 24 | €49,674 | €79,346 | +€29,672 | +59.7% |
| Other tangible fixed assets | 26 | €103,504 | €85,121 | -€18,383 | -17.8% |
| Current assets | 29/58 | €841,431 | €884,828 | +€43,397 | +5.2% |
| Amounts receivable within one year | 40/41 | €613,580 | €679,699 | +€66,119 | +10.8% |
| Trade receivables | 40 | €66,779 | €61,312 | -€5,467 | -8.2% |
| Other amounts receivable | 41 | €546,801 | €618,387 | +€71,586 | +13.1% |
| Cash at bank and in hand | 54/58 | €172,053 | €149,861 | -€22,192 | -12.9% |
| Deferred charges and accrued income | 490/1 | €55,798 | €55,268 | -€530 | -0.9% |
| Total equity and liabilities | 10/49 | €1,046,091 | €1,079,478 | +€33,387 | +3.2% |
| Equity | 10/15 | €358,348 | €277,073 | -€81,275 | -22.7% |
| Profit (loss) carried forward | 14 | €358,348 | €254,232 | -€104,116 | -29.1% |
| Investment grants | 15 | - | €22,841 | +€22,841 | |
| Amounts payable | 17/49 | €687,743 | €802,405 | +€114,662 | +16.7% |
| Amounts payable within one year | 42/48 | €670,114 | €773,769 | +€103,655 | +15.5% |
| Trade debts | 44 | €51,250 | €72,872 | +€21,622 | +42.2% |
| Suppliers | 440/4 | €51,250 | €72,872 | +€21,622 | +42.2% |
| Taxes, remuneration and social security | 45 | €504,908 | €548,065 | +€43,157 | +8.5% |
| Remuneration and social security | 454/9 | €504,908 | €548,065 | +€43,157 | +8.5% |
| Accrued charges and deferred income | 492/3 | €17,629 | €28,636 | +€11,007 | +62.4% |
| Turnover | 70 | €443,690 | €386,094 | -€57,596 | -13.0% |
| Membership fees, donations, legacies and grants | 73 | €4,383,927 | €4,779,149 | +€395,222 | +9.0% |
| Non-recurring operating income | 76A | - | €19,860 | +€19,860 | |
| Goods, raw materials, services and sundry goods | 60/61 | €557,482 | €560,737 | +€3,255 | +0.6% |
| Remuneration, social security and pensions | 62 | €4,235,766 | €4,613,740 | +€377,974 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,671 | €86,227 | +€7,556 | +9.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,347 | €14,253 | +€2,906 | +25.6% |
| Other operating charges | 640/8 | €1,470 | €2,961 | +€1,491 | +101% |
| Non-recurring operating charges | 66A | €13,126 | €9,923 | -€3,203 | -24.4% |
| Gross operating margin | 9900 | €4,270,135 | €4,624,366 | +€354,231 | +8.3% |
| Operating profit (loss) | 9901 | -€69,801 | -€102,738 | -€32,937 | -47.2% |
| Financial income | 75/76B | €70,993 | €308 | -€70,685 | -99.6% |
| Recurring financial income | 75 | €7 | €1 | -€6 | -85.7% |
| Non-recurring financial income | 76B | €70,986 | €307 | -€70,679 | -99.6% |
| Financial charges | 65/66B | €710 | €1,686 | +€976 | +137% |
| Recurring financial charges | 65 | €710 | €767 | +€57 | +8.0% |
| Non-recurring financial charges | 66B | - | €919 | +€919 | |
| Profit (loss) for the period before taxes | 9903 | €482 | -€104,116 | -€104,598 | |
| Profit (loss) for the period | 9904 | €482 | -€104,116 | -€104,598 | |
| Profit (loss) for the period to be appropriated | 9905 | €482 | -€104,116 | -€104,598 |
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 14 October 2026 via checked.be.