OLIVES: what changed
Two fiscal 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.
OLIVES
Largest movements
- Cash +€25,144
up €25,144 (+24.6%), from €102,345 to €127,489
mainly Stocks and contracts (+€17,625) and Depreciation (+€13,901)
- Stocks and contracts -€17,625
down €17,625 (-24.5%), from €71,867 to €54,242
- Tangible fixed assets -€10,284
down €10,284 (-9.3%), from €110,993 to €100,709
of which Land and buildings: -€13,373
- Profit (loss) carried forward -€23,046
down €23,046 (-35.0%), from -€65,809 to -€88,856
- Trade debts +€10,071
up €10,071 (+22.3%), from €45,080 to €55,150
- Other debts +€5,720
up €5,720 (+2.3%), from €250,942 to €256,662
- Tax, wage and social debts +€4,476
up €4,476 (+13.6%), from €32,840 to €37,316
of which Remuneration and social security: +€3,993
- Gross operating margin -€19,020
down €19,020 (-16.4%), from €116,011 to €96,992
- Financial charges +€5,616
up €5,616 (+97.9%), from €5,734 to €11,350
- Financial income -€4,647
down €4,647 (-73.8%), from €6,296 to €1,648
- Staff costs -€4,556
down €4,556 (-5.5%), from €83,248 to €78,692
- Other operating charges -€2,438
down €2,438 (-12.2%), from €20,041 to €17,603
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 | €293,196 | €290,838 | -€2,358 | -0.8% |
| Fixed assets | 21/28 | €110,993 | €100,709 | -€10,284 | -9.3% |
| Tangible fixed assets | 22/27 | €110,993 | €100,709 | -€10,284 | -9.3% |
| Land and buildings | 22 | €110,993 | €97,619 | -€13,373 | -12.0% |
| Plant, machinery and equipment | 23 | - | €2,174 | +€2,174 | |
| Furniture and vehicles | 24 | - | €916 | +€916 | |
| Current assets | 29/58 | €182,203 | €190,129 | +€7,926 | +4.3% |
| Stocks and contracts in progress | 3 | €71,867 | €54,242 | -€17,625 | -24.5% |
| Stocks | 30/36 | €71,867 | €54,242 | -€17,625 | -24.5% |
| Amounts receivable within one year | 40/41 | €5,005 | €3,872 | -€1,133 | -22.6% |
| Trade receivables | 40 | €5,005 | €3,872 | -€1,133 | -22.6% |
| Cash at bank and in hand | 54/58 | €102,345 | €127,489 | +€25,144 | +24.6% |
| Deferred charges and accrued income | 490/1 | €2,985 | €4,525 | +€1,540 | +51.6% |
| Total equity and liabilities | 10/49 | €293,196 | €290,838 | -€2,358 | -0.8% |
| Equity | 10/15 | -€37,916 | -€60,962 | -€23,046 | -60.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €15,493 | €15,493 | = | 0.0% |
| Distributable reserves | 133 | €15,493 | €15,493 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,809 | -€88,856 | -€23,046 | -35.0% |
| Amounts payable | 17/49 | €331,112 | €351,800 | +€20,688 | +6.2% |
| Amounts payable within one year | 42/48 | €328,862 | €349,128 | +€20,267 | +6.2% |
| Trade debts | 44 | €45,080 | €55,150 | +€10,071 | +22.3% |
| Suppliers | 440/4 | €45,080 | €55,150 | +€10,071 | +22.3% |
| Taxes, remuneration and social security | 45 | €32,840 | €37,316 | +€4,476 | +13.6% |
| Taxes | 450/3 | €14,890 | €15,373 | +€482 | +3.2% |
| Remuneration and social security | 454/9 | €17,950 | €21,943 | +€3,993 | +22.2% |
| Other amounts payable | 47/48 | €250,942 | €256,662 | +€5,720 | +2.3% |
| Accrued charges and deferred income | 492/3 | €2,251 | €2,672 | +€421 | +18.7% |
| Remuneration, social security and pensions | 62 | €83,248 | €78,692 | -€4,556 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,243 | €13,901 | +€658 | +5.0% |
| Other operating charges | 640/8 | €20,041 | €17,603 | -€2,438 | -12.2% |
| Gross operating margin | 9900 | €116,011 | €96,992 | -€19,020 | -16.4% |
| Operating profit (loss) | 9901 | -€521 | -€13,204 | -€12,683 | -2432.4% |
| Financial income | 75/76B | €6,296 | €1,648 | -€4,647 | -73.8% |
| Recurring financial income | 75 | €6,296 | €1,648 | -€4,647 | -73.8% |
| Financial charges | 65/66B | €5,734 | €11,350 | +€5,616 | +97.9% |
| Recurring financial charges | 65 | €5,734 | €11,350 | +€5,616 | +97.9% |
| Profit (loss) for the period before taxes | 9903 | €40 | -€22,905 | -€22,946 | |
| Income taxes | 67/77 | €161 | €141 | -€20 | -12.4% |
| Profit (loss) for the period | 9904 | -€121 | -€23,046 | -€22,926 | -19012.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€121 | -€23,046 | -€22,926 | -19012.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.