OLINESSA MANAGEMENT: 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.
What changed
OLINESSA MANAGEMENT
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€562,672
2024 · €367,979+€194,694
Equity
€22.4m
2024 · €24.7m-€2.3m
Cash
€1.1m
2024 · €231,216+€845,252
Balance sheet total
€27.0m
2024 · €29.0m-€2.0m
Largest movements
Assets
- Receivables after one year -€1.7m
no longer reported in 2025 (was €1.7m)
- Tangible fixed assets -€1.2m
down €1.2m (-5.2%), from €23.0m to €21.8m
of which Land and buildings: -€1.1m
- Current investments -€1.2m
down €1.2m (-29.6%), from €4.0m to €2.8m
- Cash +€845,252
up €845,252 (+366%), from €231,216 to €1.1m
mainly Receivables after one year (+€1.7m) and Other debts (+€1.5m)
- Financial fixed assets +€620,705
up €620,705 (+3,280%), from €18,926 to €639,631
Equity and liabilities
- Profit (loss) carried forward -€2.3m
down €2.3m (-11.3%), from €20.0m to €17.7m
- Other debts +€1.5m
up €1.5m (+4,011%), from €38,077 to €1.6m
- Debts after one year -€1.2m
down €1.2m (-42.9%), from €2.8m to €1.6m
of which Financial debts: -€999,687
Income statement
- Depreciation -€280,073
down €280,073 (-21.9%), from €1.3m to €997,386
- Taxes -€226,765
down €226,765 (-98.1%), from €231,190 to €4,425
- Financial income -€215,183
down €215,183 (-36.2%), from €595,048 to €379,865
- Services and other goods +€82,462
up €82,462 (+14.7%), from €561,150 to €643,611
- Other operating charges +€39,049
up €39,049 (+13.7%), from €285,273 to €324,323
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.
Result 2024
€367,979
Turnover
-€11,776
Other operating income
+€35,537
Services and other goods
-€82,462
Staff costs
+€17,709
Depreciation
+€280,073
Other operating charges
-€39,049
Other operating items
-€11,324
Financial income
-€215,183
Financial charges
+€1,840
Taxes
+€226,765
Deferred taxes and other
-€7,437
Result 2025
€562,672
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€4.1m
Investment
+€748,839
Financing
-€4.1m
Cash 2024
€231,216
From operations (derived)
+€4.1m
Net result for the year
+€562,672
Depreciation
+€997,386
Receivables after one year
+€1.7m
Receivables within one year
-€558,251
Deferred charges and accrued income
-€30,021
Smaller working-capital items
-€4,350
Trade debts
-€44,341
Other debts
+€1.5m
Investment (derived)
+€748,839
Investment in fixed assets (net)
-€419,460
Current investments
+€1.2m
Financing
-€4.1m
Debts after one year
-€1.2m
Current portion of long-term debt
+€16,335
Short-term financial debts
-€12,541
Contributions, distributions and other
-€2.9m
Cash 2025
€1.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €28,984,308 | €26,974,588 | -€2.0m | -6.9% |
| Fixed assets | 21/28 | €22,987,988 | €22,410,061 | -€577,926 | -2.5% |
| Tangible fixed assets | 22/27 | €22,969,062 | €21,770,430 | -€1.2m | -5.2% |
| Land and buildings | 22 | €22,676,357 | €21,582,109 | -€1.1m | -4.8% |
| Plant, machinery and equipment | 23 | €15,875 | €11,422 | -€4,453 | -28.0% |
| Furniture and vehicles | 24 | €27,083 | €18,334 | -€8,749 | -32.3% |
| Other tangible fixed assets | 26 | €24,789 | €24,789 | = | 0.0% |
| Assets under construction and advance payments | 27 | €224,958 | €133,776 | -€91,182 | -40.5% |
| Financial fixed assets | 28 | €18,926 | €639,631 | +€620,705 | +3,280% |
| Affiliated companies | 280/1 | €18,926 | €639,631 | +€620,705 | +3,280% |
| Participating interests | 280 | €18,926 | €18,926 | = | 0.0% |
| Amounts receivable | 281 | - | €620,705 | +€620,705 | |
| Current assets | 29/58 | €5,996,320 | €4,564,526 | -€1.4m | -23.9% |
| Amounts receivable after more than one year | 29 | €1,697,019 | - | -€1.7m | |
| Other amounts receivable | 291 | €1,697,019 | - | -€1.7m | |
| Amounts receivable within one year | 40/41 | €88,722 | €646,973 | +€558,251 | +629% |
| Trade receivables | 40 | €33,306 | €17,502 | -€15,805 | -47.5% |
| Other amounts receivable | 41 | €55,415 | €629,471 | +€574,056 | +1,036% |
| Current investments | 50/53 | €3,951,978 | €2,783,680 | -€1.2m | -29.6% |
| Other investments | 51/53 | €3,951,978 | €2,783,680 | -€1.2m | -29.6% |
| Cash at bank and in hand | 54/58 | €231,216 | €1,076,468 | +€845,252 | +366% |
| Deferred charges and accrued income | 490/1 | €27,385 | €57,406 | +€30,021 | +110% |
| Total equity and liabilities | 10/49 | €28,984,308 | €26,974,588 | -€2.0m | -6.9% |
| Equity | 10/15 | €24,732,952 | €22,439,640 | -€2.3m | -9.3% |
| Contributions | 10/11 | €411,306 | €411,306 | = | 0.0% |
| Capital | 10 | €411,306 | €411,306 | = | 0.0% |
| Issued capital | 100 | €411,306 | €411,306 | = | 0.0% |
| Revaluation surpluses | 12 | €1,147,052 | €1,021,959 | -€125,093 | -10.9% |
| Reserves | 13 | €3,197,170 | €3,295,709 | +€98,540 | +3.1% |
| Non-distributable reserves | 130/1 | €171,131 | €171,131 | = | 0.0% |
| Legal reserve | 130 | €171,131 | €171,131 | = | 0.0% |
| Tax-exempt reserves | 132 | €906,044 | €879,491 | -€26,553 | -2.9% |
| Distributable reserves | 133 | €2,119,995 | €2,245,088 | +€125,093 | +5.9% |
| Profit (loss) carried forward | 14 | €19,977,424 | €17,710,666 | -€2.3m | -11.3% |
| Provisions and deferred taxes | 16 | €268,724 | €264,458 | -€4,266 | -1.6% |
| Deferred taxes | 168 | €268,724 | €264,458 | -€4,266 | -1.6% |
| Amounts payable | 17/49 | €3,982,632 | €4,270,489 | +€287,857 | +7.2% |
| Amounts payable after more than one year | 17 | €2,795,224 | €1,596,389 | -€1.2m | -42.9% |
| Financial debts | 170/4 | €2,586,637 | €1,586,950 | -€999,687 | -38.6% |
| Credit institutions | 173 | €2,586,637 | €1,586,950 | -€999,687 | -38.6% |
| Other amounts payable | 178/9 | €208,586 | €9,439 | -€199,148 | -95.5% |
| Amounts payable within one year | 42/48 | €1,142,187 | €2,629,902 | +€1.5m | +130% |
| Current portion of amounts payable after more than one year | 42 | €983,352 | €999,687 | +€16,335 | +1.7% |
| Financial debts | 43 | €12,541 | - | -€12,541 | |
| Credit institutions | 430/8 | €12,541 | - | -€12,541 | |
| Trade debts | 44 | €67,956 | €23,615 | -€44,341 | -65.2% |
| Suppliers | 440/4 | €67,956 | €23,615 | -€44,341 | -65.2% |
| Taxes, remuneration and social security | 45 | €40,262 | €41,200 | +€938 | +2.3% |
| Taxes | 450/3 | €10,807 | €12,415 | +€1,609 | +14.9% |
| Remuneration and social security | 454/9 | €29,455 | €28,785 | -€671 | -2.3% |
| Other amounts payable | 47/48 | €38,077 | €1,565,400 | +€1.5m | +4,011% |
| Accrued charges and deferred income | 492/3 | €45,220 | €44,198 | -€1,022 | -2.3% |
| Operating income | 70/76A | €2,588,047 | €2,613,662 | +€25,615 | +1.0% |
| Turnover | 70 | €2,473,769 | €2,461,993 | -€11,776 | -0.5% |
| Own construction capitalised | 72 | €111,146 | €113,000 | +€1,854 | +1.7% |
| Other operating income | 74 | €3,132 | €38,669 | +€35,537 | +1,135% |
| Operating charges | 60/66A | €2,429,795 | €2,266,703 | -€163,093 | -6.7% |
| Services and other goods | 61 | €561,150 | €643,611 | +€82,462 | +14.7% |
| Remuneration, social security and pensions | 62 | €318,338 | €300,629 | -€17,709 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,277,459 | €997,386 | -€280,073 | -21.9% |
| Other operating charges | 640/8 | €285,273 | €324,323 | +€39,049 | +13.7% |
| Non-recurring operating charges | 66A | -€12,425 | €754 | +€13,178 | |
| Operating profit (loss) | 9901 | €158,251 | €346,959 | +€188,708 | +119% |
| Financial income | 75/76B | €595,048 | €379,865 | -€215,183 | -36.2% |
| Recurring financial income | 75 | €595,048 | €379,865 | -€215,183 | -36.2% |
| Income from current assets | 751 | €554,529 | €379,403 | -€175,127 | -31.6% |
| Other financial income | 752/9 | €40,518 | €462 | -€40,056 | -98.9% |
| Financial charges | 65/66B | €165,833 | €163,993 | -€1,840 | -1.1% |
| Recurring financial charges | 65 | €144,969 | €163,993 | +€19,024 | +13.1% |
| Debt charges | 650 | €75,556 | €58,783 | -€16,774 | -22.2% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | - | €21,720 | +€21,720 | |
| Other financial charges | 652/9 | €69,413 | €83,490 | +€14,077 | +20.3% |
| Non-recurring financial charges | 66B | €20,864 | - | -€20,864 | |
| Profit (loss) for the period before taxes | 9903 | €587,466 | €562,831 | -€24,635 | -4.2% |
| Transfer from deferred taxes | 780 | €11,703 | €4,266 | -€7,437 | -63.5% |
| Income taxes | 67/77 | €231,190 | €4,425 | -€226,765 | -98.1% |
| Taxes | 670/3 | €231,190 | €4,425 | -€226,765 | -98.1% |
| Profit (loss) for the period | 9904 | €367,979 | €562,672 | +€194,694 | +52.9% |
| Transfer from tax-exempt reserves | 789 | €26,553 | €26,553 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €394,532 | €589,226 | +€194,694 | +49.3% |
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 21 October 2026 via checked.be.