OLIVAR: 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.
OLIVAR
Largest movements
- Receivables within one year +€147,885
up €147,885 (+557.5%), from €26,529 to €174,414
of which Trade receivables: +€98,036
- Cash +€76,487
up €76,487 (+49.5%), from €154,457 to €230,944
mainly Other debts (+€206,447) and Net result for the year (+€138,154)
- Current investments -€50,000
down €50,000 (-100.0%), from €50,000 to €0
- Financial fixed assets -€24,398
down €24,398 (-100.0%), from €24,398 to €0
- Tangible fixed assets -€11,627
down €11,627 (-34.1%), from €34,134 to €22,507
of which Furniture and vehicles: -€11,394
- Other debts +€206,447
up €206,447 (+1523.3%), from €13,553 to €220,000
- Reserves -€166,846
down €166,846 (-92.5%), from €180,398 to €13,552
- Trade debts +€90,488
up €90,488 (+635.1%), from €14,247 to €104,735
- Tax, wage and social debts +€19,499
up €19,499 (+36.7%), from €53,148 to €72,647
of which Taxes: +€20,054
- Debts after one year -€10,225
down €10,225 (-66.4%), from €15,396 to €5,171
- Gross operating margin +€41,000
up €41,000 (+26.7%), from €153,786 to €194,785
- Taxes +€11,988
up €11,988 (+37.0%), from €32,438 to €44,426
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 | €290,464 | €428,830 | +€138,366 | +47.6% |
| Fixed assets | 21/28 | €58,532 | €22,507 | -€36,025 | -61.5% |
| Tangible fixed assets | 22/27 | €34,134 | €22,507 | -€11,627 | -34.1% |
| Plant, machinery and equipment | 23 | €2,050 | €1,817 | -€232 | -11.3% |
| Furniture and vehicles | 24 | €32,084 | €20,690 | -€11,394 | -35.5% |
| Financial fixed assets | 28 | €24,398 | €0 | -€24,398 | -100.0% |
| Current assets | 29/58 | €231,932 | €406,323 | +€174,391 | +75.2% |
| Amounts receivable within one year | 40/41 | €26,529 | €174,414 | +€147,885 | +557.5% |
| Trade receivables | 40 | €26,135 | €124,171 | +€98,036 | +375.1% |
| Other amounts receivable | 41 | €394 | €50,243 | +€49,849 | +12656.9% |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €154,457 | €230,944 | +€76,487 | +49.5% |
| Deferred charges and accrued income | 490/1 | €946 | €964 | +€18 | +1.9% |
| Total equity and liabilities | 10/49 | €290,464 | €428,830 | +€138,366 | +47.6% |
| Equity | 10/15 | €182,898 | €16,052 | -€166,846 | -91.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €180,398 | €13,552 | -€166,846 | -92.5% |
| Distributable reserves | 133 | €180,398 | €13,552 | -€166,846 | -92.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €107,565 | €412,778 | +€305,212 | +283.7% |
| Amounts payable after more than one year | 17 | €15,396 | €5,171 | -€10,225 | -66.4% |
| Financial debts | 170/4 | €15,396 | €5,171 | -€10,225 | -66.4% |
| Amounts payable within one year | 42/48 | €91,021 | €407,607 | +€316,586 | +347.8% |
| Financial debts | 43 | €10,073 | €10,225 | +€152 | +1.5% |
| Other loans | 439 | €10,073 | €10,225 | +€152 | +1.5% |
| Trade debts | 44 | €14,247 | €104,735 | +€90,488 | +635.1% |
| Suppliers | 440/4 | €14,247 | €104,735 | +€90,488 | +635.1% |
| Taxes, remuneration and social security | 45 | €53,148 | €72,647 | +€19,499 | +36.7% |
| Taxes | 450/3 | €49,693 | €69,747 | +€20,054 | +40.4% |
| Remuneration and social security | 454/9 | €3,455 | €2,900 | -€555 | -16.1% |
| Other amounts payable | 47/48 | €13,553 | €220,000 | +€206,447 | +1523.3% |
| Accrued charges and deferred income | 492/3 | €1,149 | €0 | -€1,149 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,580 | €12,670 | +€90 | +0.7% |
| Other operating charges | 640/8 | €351 | €759 | +€408 | +116.0% |
| Gross operating margin | 9900 | €153,786 | €194,785 | +€41,000 | +26.7% |
| Operating profit (loss) | 9901 | €140,855 | €181,357 | +€40,502 | +28.8% |
| Financial income | 75/76B | €2,406 | €1,622 | -€784 | -32.6% |
| Recurring financial income | 75 | €2,406 | €1,622 | -€784 | -32.6% |
| Financial charges | 65/66B | €1,586 | €399 | -€1,187 | -74.8% |
| Recurring financial charges | 65 | €1,586 | €399 | -€1,187 | -74.8% |
| Profit (loss) for the period before taxes | 9903 | €141,675 | €182,580 | +€40,905 | +28.9% |
| Income taxes | 67/77 | €32,438 | €44,426 | +€11,988 | +37.0% |
| Profit (loss) for the period | 9904 | €109,237 | €138,154 | +€28,917 | +26.5% |
| Profit (loss) for the period to be appropriated | 9905 | €109,237 | €138,154 | +€28,917 | +26.5% |
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.