Olivia Garden: 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
Olivia Garden
NACE 46.450, Wholesale of perfume and cosmetics
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€3.0m
2024 · €2.4m+€580,452
Equity
€8.8m
2024 · €7.4m+€1.3m
Cash
€1.8m
2024 · €1.7m+€97,295
Balance sheet total
€14.6m
2024 · €13.7m+€924,591
Largest movements
Assets
- Receivables within one year +€1.4m
up €1.4m (+60.3%), from €2.4m to €3.8m
of which Trade receivables: +€893,148
- Stocks and contracts -€934,917
down €934,917 (-15.6%), from €6.0m to €5.1m
- Current investments +€457,282
new in 2025: €457,282
Equity and liabilities
- Profit (loss) carried forward +€842,692
up €842,692 (+18.1%), from €4.7m to €5.5m
- Reserves +€505,200
up €505,200 (+20.1%), from €2.5m to €3.0m
of which Distributable reserves: +€442,050
- Trade debts -€314,801
down €314,801 (-20.8%), from €1.5m to €1.2m
- Debts after one year -€204,646
down €204,646 (-7.6%), from €2.7m to €2.5m
of which Financial debts: -€212,059
- Other debts +€160,036
up €160,036 (+18.1%), from €884,425 to €1.0m
Income statement
- Services and other goods +€704,574
up €704,574 (+17.4%), from €4.0m to €4.7m
- Goods and materials -€627,296
down €627,296 (-6.6%), from €9.5m to €8.9m
of which Purchases: -€1.8m
- Turnover +€577,448
up €577,448 (+2.9%), from €19.7m to €20.3m
- Taxes -€394,125
down €394,125 (-71.7%), from €550,012 to €155,887
- Staff costs +€347,433
up €347,433 (+12.0%), from €2.9m to €3.2m
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
€2.4m
Turnover
+€577,448
Other operating income
+€198,102
Goods and materials
+€627,296
Services and other goods
-€704,574
Staff costs
-€347,433
Depreciation
-€32,633
Write-downs
-€31,058
Provisions
+€26,062
Other operating charges
-€26,519
Financial income
+€58,102
Financial charges
-€158,464
Taxes
+€394,125
Result 2025
€3.0m
raises the resultlowers the result
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
+€2.7m
Investment
-€772,739
Financing
-€1.9m
Cash 2024
€1.7m
From operations (derived)
+€2.7m
Net result for the year
+€3.0m
Depreciation
+€468,733
Stocks and contracts
+€934,917
Receivables within one year
-€1.4m
Deferred charges and accrued income
-€31,343
Provisions
-€15,877
Trade debts
-€314,801
Tax, wage and social debts
-€39,236
Advances received
-€17,796
Other debts
+€160,036
Accrued charges and deferred income
+€15,246
Investment (derived)
-€772,739
Investment in fixed assets (net)
-€315,457
Current investments
-€457,282
Financing
-€1.9m
Debts after one year
-€204,646
Current portion of long-term debt
+€22,375
Short-term financial debts
-€15,862
Contributions, distributions and other
-€1.7m
Cash 2025
€1.8m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,677,654 | €14,602,245 | +€924,591 | +6.8% |
| Fixed assets | 21/28 | €3,488,484 | €3,335,208 | -€153,276 | -4.4% |
| Intangible fixed assets | 21 | €133,318 | €47,121 | -€86,197 | -64.7% |
| Tangible fixed assets | 22/27 | €3,330,005 | €3,261,958 | -€68,048 | -2.0% |
| Land and buildings | 22 | €3,059,144 | €3,132,683 | +€73,539 | +2.4% |
| Plant, machinery and equipment | 23 | €168,609 | €108,742 | -€59,868 | -35.5% |
| Furniture and vehicles | 24 | €31,768 | €20,533 | -€11,235 | -35.4% |
| Assets under construction and advance payments | 27 | €70,484 | €0 | -€70,484 | -100% |
| Financial fixed assets | 28 | €25,161 | €26,129 | +€968 | +3.8% |
| Other financial fixed assets | 284/8 | €25,161 | €26,129 | +€968 | +3.8% |
| Shares | 284 | - | €549 | +€549 | |
| Amounts receivable and cash guarantees | 285/8 | €25,161 | €25,580 | +€419 | +1.7% |
| Current assets | 29/58 | €10,189,170 | €11,267,037 | +€1.1m | +10.6% |
| Stocks and contracts in progress | 3 | €6,004,637 | €5,069,719 | -€934,917 | -15.6% |
| Stocks | 30/36 | €6,004,637 | €5,069,719 | -€934,917 | -15.6% |
| Goods purchased for resale | 34 | €6,004,637 | €5,069,719 | -€934,917 | -15.6% |
| Amounts receivable within one year | 40/41 | €2,365,613 | €3,792,478 | +€1.4m | +60.3% |
| Trade receivables | 40 | €2,304,727 | €3,197,875 | +€893,148 | +38.8% |
| Other amounts receivable | 41 | €60,887 | €594,603 | +€533,716 | +877% |
| Current investments | 50/53 | - | €457,282 | +€457,282 | |
| Other investments | 51/53 | - | €457,282 | +€457,282 | |
| Cash at bank and in hand | 54/58 | €1,730,335 | €1,827,631 | +€97,295 | +5.6% |
| Deferred charges and accrued income | 490/1 | €88,584 | €119,927 | +€31,343 | +35.4% |
| Total equity and liabilities | 10/49 | €13,677,654 | €14,602,245 | +€924,591 | +6.8% |
| Equity | 10/15 | €7,445,638 | €8,780,788 | +€1.3m | +17.9% |
| Contributions | 10/11 | €131,250 | €131,250 | = | 0.0% |
| Capital | 10 | €131,250 | €131,250 | = | 0.0% |
| Issued capital | 100 | €131,250 | €131,250 | = | 0.0% |
| Reserves | 13 | €2,511,162 | €3,016,362 | +€505,200 | +20.1% |
| Non-distributable reserves | 130/1 | €13,125 | €13,125 | = | 0.0% |
| Legal reserve | 130 | €13,125 | €13,125 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,368,250 | €1,431,400 | +€63,150 | +4.6% |
| Distributable reserves | 133 | €1,129,787 | €1,571,837 | +€442,050 | +39.1% |
| Profit (loss) carried forward | 14 | €4,664,706 | €5,507,399 | +€842,692 | +18.1% |
| Investment grants | 15 | €138,520 | €125,778 | -€12,742 | -9.2% |
| Provisions and deferred taxes | 16 | €36,257 | €20,380 | -€15,877 | -43.8% |
| Provisions for liabilities and charges | 160/5 | €36,257 | €20,380 | -€15,877 | -43.8% |
| Other liabilities and charges | 164/5 | €36,257 | €20,380 | -€15,877 | -43.8% |
| Amounts payable | 17/49 | €6,195,759 | €5,801,077 | -€394,682 | -6.4% |
| Amounts payable after more than one year | 17 | €2,687,544 | €2,482,898 | -€204,646 | -7.6% |
| Financial debts | 170/4 | €2,683,634 | €2,471,574 | -€212,059 | -7.9% |
| Credit institutions | 173 | €2,683,634 | €2,471,574 | -€212,059 | -7.9% |
| Other amounts payable | 178/9 | €3,910 | €11,324 | +€7,414 | +190% |
| Amounts payable within one year | 42/48 | €3,460,752 | €3,255,470 | -€205,283 | -5.9% |
| Current portion of amounts payable after more than one year | 42 | €330,571 | €352,947 | +€22,375 | +6.8% |
| Financial debts | 43 | €145,862 | €130,000 | -€15,862 | -10.9% |
| Credit institutions | 430/8 | €145,862 | €130,000 | -€15,862 | -10.9% |
| Trade debts | 44 | €1,511,550 | €1,196,749 | -€314,801 | -20.8% |
| Suppliers | 440/4 | €1,511,550 | €1,196,749 | -€314,801 | -20.8% |
| Advances received on contracts in progress | 46 | €26,815 | €9,020 | -€17,796 | -66.4% |
| Taxes, remuneration and social security | 45 | €561,529 | €522,293 | -€39,236 | -7.0% |
| Taxes | 450/3 | €163,873 | €101,578 | -€62,295 | -38.0% |
| Remuneration and social security | 454/9 | €397,657 | €420,715 | +€23,058 | +5.8% |
| Other amounts payable | 47/48 | €884,425 | €1,044,461 | +€160,036 | +18.1% |
| Accrued charges and deferred income | 492/3 | €47,463 | €62,709 | +€15,246 | +32.1% |
| Operating income | 70/76A | €20,055,640 | €20,831,189 | +€775,550 | +3.9% |
| Turnover | 70 | €19,733,048 | €20,310,496 | +€577,448 | +2.9% |
| Other operating income | 74 | €322,592 | €520,694 | +€198,102 | +61.4% |
| Operating charges | 60/66A | €16,995,186 | €17,484,046 | +€488,860 | +2.9% |
| Goods for resale, raw materials and consumables | 60 | €9,549,223 | €8,921,927 | -€627,296 | -6.6% |
| Purchases | 600/8 | €9,793,087 | €8,033,105 | -€1.8m | -18.0% |
| Change in stocks: decrease (increase) | 609 | -€243,863 | €888,822 | +€1.1m | |
| Services and other goods | 61 | €4,041,456 | €4,746,030 | +€704,574 | +17.4% |
| Remuneration, social security and pensions | 62 | €2,899,543 | €3,246,976 | +€347,433 | +12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €436,100 | €468,733 | +€32,633 | +7.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €16,756 | €47,814 | +€31,058 | +185% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €10,184 | -€15,877 | -€26,062 | |
| Other operating charges | 640/8 | €41,925 | €68,444 | +€26,519 | +63.3% |
| Operating profit (loss) | 9901 | €3,060,453 | €3,347,144 | +€286,690 | +9.4% |
| Financial income | 75/76B | €125,199 | €183,301 | +€58,102 | +46.4% |
| Recurring financial income | 75 | €125,199 | €183,301 | +€58,102 | +46.4% |
| Income from current assets | 751 | - | €15,464 | +€15,464 | |
| Other financial income | 752/9 | €125,199 | €167,838 | +€42,638 | +34.1% |
| Financial charges | 65/66B | €201,098 | €359,562 | +€158,464 | +78.8% |
| Recurring financial charges | 65 | €201,098 | €359,562 | +€158,464 | +78.8% |
| Debt charges | 650 | €83,702 | €73,412 | -€10,290 | -12.3% |
| Other financial charges | 652/9 | €117,395 | €286,150 | +€168,755 | +144% |
| Profit (loss) for the period before taxes | 9903 | €2,984,555 | €3,170,883 | +€186,328 | +6.2% |
| Income taxes | 67/77 | €550,012 | €155,887 | -€394,125 | -71.7% |
| Taxes | 670/3 | €550,012 | €372,111 | -€177,901 | -32.3% |
| Tax adjustments and reversals of tax provisions | 77 | - | €216,224 | +€216,224 | |
| Profit (loss) for the period | 9904 | €2,434,543 | €3,014,995 | +€580,452 | +23.8% |
| Transfer from tax-exempt reserves | 789 | €395,740 | €442,050 | +€46,310 | +11.7% |
| Transfer to tax-exempt reserves | 689 | €421,000 | €505,200 | +€84,200 | +20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,409,283 | €2,951,845 | +€542,562 | +22.5% |
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 20 October 2026 via checked.be.