OLIVIER: 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.
OLIVIER
Largest movements
- Cash +€4,010
up €4,010 (+352.0%), from €1,139 to €5,150
mainly Debts after one year (+€8,000) and Receivables within one year (+€3,991)
- Receivables within one year -€3,991
down €3,991 (-84.4%), from €4,728 to €737
of which Trade receivables: -€4,055
- Stocks and contracts -€2,777
down €2,777 (-24.8%), from €11,199 to €8,422
- Debts after one year +€8,000
up €8,000 (+32.0%), from €25,000 to €33,000
- Other debts -€5,963
down €5,963 (-95.7%), from €6,228 to €265
- Trade debts -€2,700
down €2,700 (-25.0%), from €10,804 to €8,103
- Reserves -€1,860
no longer reported in 2025 (was €1,860)
- Profit (loss) carried forward -€330
down €330 (-0.7%), from -€47,306 to -€47,635
- Other operating charges +€1,309
up €1,309 (+133.6%), from €980 to €2,289
- Gross operating margin +€1,118
up €1,118 (+461.3%), from €242 to €1,360
- Financial charges +€82
up €82 (+7.0%), from €1,179 to €1,261
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 | €17,067 | €14,309 | -€2,758 | -16.2% |
| Current assets | 29/58 | €17,067 | €14,309 | -€2,758 | -16.2% |
| Stocks and contracts in progress | 3 | €11,199 | €8,422 | -€2,777 | -24.8% |
| Stocks | 30/36 | €11,199 | €8,422 | -€2,777 | -24.8% |
| Amounts receivable within one year | 40/41 | €4,728 | €737 | -€3,991 | -84.4% |
| Trade receivables | 40 | €4,055 | - | -€4,055 | |
| Other amounts receivable | 41 | €673 | €737 | +€64 | +9.6% |
| Cash at bank and in hand | 54/58 | €1,139 | €5,150 | +€4,010 | +352.0% |
| Total equity and liabilities | 10/49 | €17,067 | €14,309 | -€2,758 | -16.2% |
| Equity | 10/15 | -€26,846 | -€29,035 | -€2,190 | -8.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | - | -€1,860 | |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | -€47,306 | -€47,635 | -€330 | -0.7% |
| Amounts payable | 17/49 | €43,913 | €43,344 | -€569 | -1.3% |
| Amounts payable after more than one year | 17 | €25,000 | €33,000 | +€8,000 | +32.0% |
| Financial debts | 170/4 | €25,000 | €33,000 | +€8,000 | +32.0% |
| Amounts payable within one year | 42/48 | €18,913 | €10,344 | -€8,569 | -45.3% |
| Financial debts | 43 | €317 | €297 | -€20 | -6.2% |
| Credit institutions | 430/8 | €317 | €297 | -€20 | -6.2% |
| Trade debts | 44 | €10,804 | €8,103 | -€2,700 | -25.0% |
| Suppliers | 440/4 | €10,804 | €8,103 | -€2,700 | -25.0% |
| Taxes, remuneration and social security | 45 | €1,564 | €1,678 | +€114 | +7.3% |
| Taxes | 450/3 | €1,564 | €1,678 | +€114 | +7.3% |
| Other amounts payable | 47/48 | €6,228 | €265 | -€5,963 | -95.7% |
| Other operating charges | 640/8 | €980 | €2,289 | +€1,309 | +133.6% |
| Gross operating margin | 9900 | €242 | €1,360 | +€1,118 | +461.3% |
| Operating profit (loss) | 9901 | -€738 | -€929 | -€191 | -25.9% |
| Financial charges | 65/66B | €1,179 | €1,261 | +€82 | +7.0% |
| Recurring financial charges | 65 | €1,179 | €1,261 | +€82 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,916 | -€2,190 | -€274 | -14.3% |
| Profit (loss) for the period | 9904 | -€1,916 | -€2,190 | -€274 | -14.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,916 | -€2,190 | -€274 | -14.3% |
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 7 October 2026 via checked.be.