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
- Deferred charges and accrued income -€21,371
down €21,371 (-67.2%), from €31,822 to €10,451
- Tangible fixed assets -€12,623
down €12,623 (-78.7%), from €16,034 to €3,411
of which Other tangible fixed assets: -€12,056
- Cash +€10,970
up €10,970 (+1067.7%), from €1,027 to €11,997
mainly Other debts (+€31,526) and Deferred charges and accrued income (+€21,371)
- Receivables within one year -€10,166
down €10,166 (-29.9%), from €33,949 to €23,783
of which Other amounts receivable: -€30,166
- Stocks and contracts +€8,285
up €8,285 (+4.0%), from €208,925 to €217,210
- Short-term financial debts -€60,000
down €60,000 (-42.9%), from €140,000 to €80,000
- Other debts +€31,526
up €31,526, from €0 to €31,526
- Trade debts -€25,583
down €25,583 (-47.6%), from €53,793 to €28,210
- Profit (loss) carried forward +€20,492
up €20,492 (+40.4%), from -€50,693 to -€30,200
- Tax, wage and social debts -€19,213
down €19,213 (-29.5%), from €65,030 to €45,817
of which Taxes: -€9,923
- Staff costs -€30,684
down €30,684 (-19.5%), from €157,530 to €126,847
- Gross operating margin -€11,895
down €11,895 (-6.6%), from €180,325 to €168,430
- Other operating charges +€3,119
up €3,119 (+49.2%), from €6,341 to €9,460
- Depreciation -€2,463
down €2,463 (-70.2%), from €3,508 to €1,046
- Financial charges -€2,338
down €2,338 (-17.8%), from €13,136 to €10,798
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 | €309,385 | €284,051 | -€25,334 | -8.2% |
| Fixed assets | 21/28 | €33,662 | €20,611 | -€13,051 | -38.8% |
| Intangible fixed assets | 21 | €428 | €0 | -€428 | -100.0% |
| Tangible fixed assets | 22/27 | €16,034 | €3,411 | -€12,623 | -78.7% |
| Plant, machinery and equipment | 23 | €1,129 | €563 | -€567 | -50.2% |
| Other tangible fixed assets | 26 | €14,904 | €2,848 | -€12,056 | -80.9% |
| Financial fixed assets | 28 | €17,200 | €17,200 | = | 0.0% |
| Current assets | 29/58 | €275,723 | €263,441 | -€12,282 | -4.5% |
| Stocks and contracts in progress | 3 | €208,925 | €217,210 | +€8,285 | +4.0% |
| Stocks | 30/36 | €208,925 | €217,210 | +€8,285 | +4.0% |
| Amounts receivable within one year | 40/41 | €33,949 | €23,783 | -€10,166 | -29.9% |
| Trade receivables | 40 | - | €20,000 | +€20,000 | |
| Other amounts receivable | 41 | €33,949 | €3,783 | -€30,166 | -88.9% |
| Cash at bank and in hand | 54/58 | €1,027 | €11,997 | +€10,970 | +1067.7% |
| Deferred charges and accrued income | 490/1 | €31,822 | €10,451 | -€21,371 | -67.2% |
| Total equity and liabilities | 10/49 | €309,385 | €284,051 | -€25,334 | -8.2% |
| Equity | 10/15 | €9,307 | €29,800 | +€20,492 | +220.2% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,693 | -€30,200 | +€20,492 | +40.4% |
| Amounts payable | 17/49 | €300,078 | €254,252 | -€45,826 | -15.3% |
| Amounts payable after more than one year | 17 | €30,582 | €47,774 | +€17,192 | +56.2% |
| Financial debts | 170/4 | €30,582 | €47,774 | +€17,192 | +56.2% |
| Amounts payable within one year | 42/48 | €269,496 | €204,168 | -€65,328 | -24.2% |
| Current portion of amounts payable after more than one year | 42 | €10,673 | €18,615 | +€7,942 | +74.4% |
| Financial debts | 43 | €140,000 | €80,000 | -€60,000 | -42.9% |
| Credit institutions | 430/8 | €140,000 | €80,000 | -€60,000 | -42.9% |
| Trade debts | 44 | €53,793 | €28,210 | -€25,583 | -47.6% |
| Suppliers | 440/4 | €53,793 | €28,210 | -€25,583 | -47.6% |
| Taxes, remuneration and social security | 45 | €65,030 | €45,817 | -€19,213 | -29.5% |
| Taxes | 450/3 | €38,980 | €29,057 | -€9,923 | -25.5% |
| Remuneration and social security | 454/9 | €26,050 | €16,760 | -€9,290 | -35.7% |
| Other amounts payable | 47/48 | €0 | €31,526 | +€31,526 | |
| Accrued charges and deferred income | 492/3 | €0 | €2,310 | +€2,310 | |
| Non-recurring operating income | 76A | €0 | €23,825 | +€23,825 | |
| Remuneration, social security and pensions | 62 | €157,530 | €126,847 | -€30,684 | -19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,508 | €1,046 | -€2,463 | -70.2% |
| Other operating charges | 640/8 | €6,341 | €9,460 | +€3,119 | +49.2% |
| Gross operating margin | 9900 | €180,325 | €168,430 | -€11,895 | -6.6% |
| Operating profit (loss) | 9901 | €12,946 | €31,078 | +€18,132 | +140.1% |
| Financial income | 75/76B | €432 | €212 | -€220 | -50.9% |
| Recurring financial income | 75 | €432 | €212 | -€220 | -50.9% |
| Financial charges | 65/66B | €13,136 | €10,798 | -€2,338 | -17.8% |
| Recurring financial charges | 65 | €13,136 | €10,798 | -€2,338 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €242 | €20,492 | +€20,250 | +8359.5% |
| Profit (loss) for the period | 9904 | €242 | €20,492 | +€20,250 | +8359.5% |
| Profit (loss) for the period to be appropriated | 9905 | €242 | €20,492 | +€20,250 | +8359.5% |
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.