OLIVAN: 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.
OLIVAN
Largest movements
- Cash +€167,848
up €167,848 (+1223.0%), from €13,724 to €181,572
mainly Investment in fixed assets (net) (+€167,053) and Debts after one year (+€50,000)
- Financial fixed assets -€165,694
down €165,694 (-21.1%), from €786,476 to €620,782
- Tangible fixed assets -€35,690
down €35,690 (-3.8%), from €929,752 to €894,061
of which Land and buildings: -€30,332
- Reserves -€74,781
down €74,781 (-5.2%), from €1.4m to €1.4m
of which Distributable reserves: -€58,782
- Debts after one year +€50,000
new in 2025: €50,000
- Gross operating margin -€29,669
down €29,669, from €23,871 to -€5,799
- Financial income +€7,689
up €7,689 (+153.9%), from €4,998 to €12,687
- Financial charges -€3,643
down €3,643 (-25.9%), from €14,058 to €10,415
- Staff costs +€1,741
up €1,741 (+5.1%), from €33,903 to €35,644
- Other operating charges -€513
down €513 (-7.2%), from €7,125 to €6,611
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 | €1,761,367 | €1,718,716 | -€42,651 | -2.4% |
| Fixed assets | 21/28 | €1,716,228 | €1,514,843 | -€201,384 | -11.7% |
| Tangible fixed assets | 22/27 | €929,752 | €894,061 | -€35,690 | -3.8% |
| Land and buildings | 22 | €914,904 | €884,572 | -€30,332 | -3.3% |
| Plant, machinery and equipment | 23 | €3,540 | €1,840 | -€1,700 | -48.0% |
| Furniture and vehicles | 24 | €11,308 | €7,650 | -€3,659 | -32.4% |
| Financial fixed assets | 28 | €786,476 | €620,782 | -€165,694 | -21.1% |
| Current assets | 29/58 | €45,139 | €203,872 | +€158,733 | +351.7% |
| Amounts receivable within one year | 40/41 | €15,320 | €6,724 | -€8,596 | -56.1% |
| Trade receivables | 40 | €12,524 | €3,711 | -€8,813 | -70.4% |
| Other amounts receivable | 41 | €2,797 | €3,014 | +€217 | +7.8% |
| Cash at bank and in hand | 54/58 | €13,724 | €181,572 | +€167,848 | +1223.0% |
| Deferred charges and accrued income | 490/1 | €16,095 | €15,576 | -€519 | -3.2% |
| Total equity and liabilities | 10/49 | €1,761,367 | €1,718,716 | -€42,651 | -2.4% |
| Equity | 10/15 | €1,450,845 | €1,376,063 | -€74,781 | -5.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,432,295 | €1,357,513 | -€74,781 | -5.2% |
| Tax-exempt reserves | 132 | €372,150 | €356,150 | -€16,000 | -4.3% |
| Distributable reserves | 133 | €1,060,144 | €1,001,363 | -€58,782 | -5.5% |
| Provisions and deferred taxes | 16 | €124,050 | €118,717 | -€5,333 | -4.3% |
| Deferred taxes | 168 | €124,050 | €118,717 | -€5,333 | -4.3% |
| Amounts payable | 17/49 | €186,472 | €223,936 | +€37,463 | +20.1% |
| Amounts payable after more than one year | 17 | - | €50,000 | +€50,000 | |
| Financial debts | 170/4 | - | €50,000 | +€50,000 | |
| Amounts payable within one year | 42/48 | €158,872 | €161,085 | +€2,214 | +1.4% |
| Trade debts | 44 | €1,968 | €9,371 | +€7,403 | +376.2% |
| Suppliers | 440/4 | €1,968 | €9,371 | +€7,403 | +376.2% |
| Taxes, remuneration and social security | 45 | €8,724 | €6,225 | -€2,499 | -28.6% |
| Taxes | 450/3 | €2,627 | €1,175 | -€1,452 | -55.3% |
| Remuneration and social security | 454/9 | €6,097 | €5,051 | -€1,047 | -17.2% |
| Other amounts payable | 47/48 | €148,180 | €145,489 | -€2,691 | -1.8% |
| Accrued charges and deferred income | 492/3 | €27,601 | €12,850 | -€14,750 | -53.4% |
| Non-recurring operating income | 76A | - | €924 | +€924 | |
| Remuneration, social security and pensions | 62 | €33,903 | €35,644 | +€1,741 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,039 | €34,332 | +€293 | +0.9% |
| Other operating charges | 640/8 | €7,125 | €6,611 | -€513 | -7.2% |
| Gross operating margin | 9900 | €23,871 | -€5,799 | -€29,669 | |
| Operating profit (loss) | 9901 | -€51,196 | -€82,386 | -€31,190 | -60.9% |
| Financial income | 75/76B | €4,998 | €12,687 | +€7,689 | +153.9% |
| Recurring financial income | 75 | €4,998 | €12,687 | +€7,689 | +153.9% |
| Financial charges | 65/66B | €14,058 | €10,415 | -€3,643 | -25.9% |
| Recurring financial charges | 65 | €14,058 | €10,415 | -€3,643 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | -€60,256 | -€80,115 | -€19,858 | -33.0% |
| Transfer from deferred taxes | 780 | €5,333 | €5,333 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€54,923 | -€74,781 | -€19,858 | -36.2% |
| Transfer from tax-exempt reserves | 789 | €16,000 | €16,000 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,923 | -€58,782 | -€19,858 | -51.0% |
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 12 October 2026 via checked.be.