Olivia Borlée: 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.
Olivia Borlée
Largest movements
- Receivables within one year +€17,974
up €17,974 (+51.2%), from €35,101 to €53,074
of which Trade receivables: +€15,293
- Cash -€15,032
down €15,032 (-46.4%), from €32,399 to €17,367
mainly Receivables within one year (-€17,974) and Tax, wage and social debts (-€6,802)
- Intangible fixed assets -€1,000
down €1,000 (-10.2%), from €9,850 to €8,850
- Trade debts +€9,599
up €9,599 (+155.9%), from €6,155 to €15,755
- Tax, wage and social debts -€6,802
down €6,802 (-66.2%), from €10,268 to €3,466
- Profit (loss) carried forward -€6,429
down €6,429 (-5.8%), from -€111,179 to -€117,608
- Other debts +€5,870
up €5,870 (+6.6%), from €88,587 to €94,458
- Gross operating margin -€14,941
down €14,941, from €10,305 to -€4,636
- Other operating charges -€2,606
down €2,606 (-86.9%), from €2,999 to €393
- Depreciation +€850
up €850 (+565.5%), from €150 to €1,000
- Financial charges -€290
down €290 (-42.1%), from €690 to €400
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 | €77,350 | €79,493 | +€2,143 | +2.8% |
| Fixed assets | 21/28 | €9,850 | €8,850 | -€1,000 | -10.2% |
| Intangible fixed assets | 21 | €9,850 | €8,850 | -€1,000 | -10.2% |
| Current assets | 29/58 | €67,500 | €70,643 | +€3,143 | +4.7% |
| Amounts receivable within one year | 40/41 | €35,101 | €53,074 | +€17,974 | +51.2% |
| Trade receivables | 40 | €34,389 | €49,683 | +€15,293 | +44.5% |
| Other amounts receivable | 41 | €712 | €3,392 | +€2,680 | +376.7% |
| Cash at bank and in hand | 54/58 | €32,399 | €17,367 | -€15,032 | -46.4% |
| Deferred charges and accrued income | 490/1 | €0 | €202 | +€202 | |
| Total equity and liabilities | 10/49 | €77,350 | €79,493 | +€2,143 | +2.8% |
| Equity | 10/15 | -€27,853 | -€34,282 | -€6,429 | -23.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €77,126 | €77,126 | = | 0.0% |
| Distributable reserves | 133 | €77,126 | €77,126 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€111,179 | -€117,608 | -€6,429 | -5.8% |
| Amounts payable | 17/49 | €105,203 | €113,774 | +€8,571 | +8.1% |
| Amounts payable within one year | 42/48 | €105,010 | €113,774 | +€8,764 | +8.3% |
| Financial debts | 43 | - | €96 | +€96 | |
| Credit institutions | 430/8 | - | €96 | +€96 | |
| Trade debts | 44 | €6,155 | €15,755 | +€9,599 | +155.9% |
| Suppliers | 440/4 | €6,155 | €15,755 | +€9,599 | +155.9% |
| Taxes, remuneration and social security | 45 | €10,268 | €3,466 | -€6,802 | -66.2% |
| Taxes | 450/3 | €10,268 | €3,466 | -€6,802 | -66.2% |
| Other amounts payable | 47/48 | €88,587 | €94,458 | +€5,870 | +6.6% |
| Accrued charges and deferred income | 492/3 | €193 | €0 | -€193 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €150 | €1,000 | +€850 | +565.5% |
| Other operating charges | 640/8 | €2,999 | €393 | -€2,606 | -86.9% |
| Gross operating margin | 9900 | €10,305 | -€4,636 | -€14,941 | |
| Operating profit (loss) | 9901 | €7,155 | -€6,029 | -€13,184 | |
| Financial charges | 65/66B | €690 | €400 | -€290 | -42.1% |
| Recurring financial charges | 65 | €690 | €400 | -€290 | -42.1% |
| Profit (loss) for the period before taxes | 9903 | €6,465 | -€6,429 | -€12,894 | |
| Profit (loss) for the period | 9904 | €6,465 | -€6,429 | -€12,894 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,465 | -€6,429 | -€12,894 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.