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
- Tangible fixed assets -€8,736
down €8,736 (-2.6%), from €331,315 to €322,579
of which Land and buildings: -€6,423
- Cash +€6,070
up €6,070 (+285.7%), from €2,125 to €8,195
mainly Depreciation (+€8,736) and Current portion of long-term debt (+€2,898)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€1,491
up €1,491 (+10.0%), from €14,935 to €16,426
- Taxes +€877
up €877 (+403.3%), from €217 to €1,095
- Financial charges -€762
down €762 (-18.2%), from €4,182 to €3,421
- Depreciation +€218
up €218 (+2.6%), from €8,518 to €8,736
- Other operating charges +€181
up €181 (+12.8%), from €1,420 to €1,601
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 | €404,400 | €403,205 | -€1,195 | -0.3% |
| Fixed assets | 21/28 | €365,992 | €357,257 | -€8,736 | -2.4% |
| Tangible fixed assets | 22/27 | €331,315 | €322,579 | -€8,736 | -2.6% |
| Land and buildings | 22 | €320,650 | €314,227 | -€6,423 | -2.0% |
| Plant, machinery and equipment | 23 | €9,854 | €7,685 | -€2,169 | -22.0% |
| Furniture and vehicles | 24 | €811 | €667 | -€144 | -17.8% |
| Financial fixed assets | 28 | €34,678 | €34,678 | = | 0.0% |
| Current assets | 29/58 | €38,407 | €45,948 | +€7,541 | +19.6% |
| Amounts receivable within one year | 40/41 | €36,283 | €37,754 | +€1,471 | +4.1% |
| Other amounts receivable | 41 | €36,283 | €37,754 | +€1,471 | +4.1% |
| Cash at bank and in hand | 54/58 | €2,125 | €8,195 | +€6,070 | +285.7% |
| Total equity and liabilities | 10/49 | €404,400 | €403,205 | -€1,195 | -0.3% |
| Equity | 10/15 | €346,827 | €348,401 | +€1,574 | +0.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Revaluation surpluses | 12 | €248,376 | €248,376 | = | 0.0% |
| Reserves | 13 | €36,951 | €38,525 | +€1,574 | +4.3% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €30,801 | €32,375 | +€1,574 | +5.1% |
| Amounts payable | 17/49 | €57,573 | €54,804 | -€2,769 | -4.8% |
| Amounts payable after more than one year | 17 | €42,275 | €38,339 | -€3,936 | -9.3% |
| Financial debts | 170/4 | €42,275 | €38,339 | -€3,936 | -9.3% |
| Amounts payable within one year | 42/48 | €15,297 | €16,465 | +€1,168 | +7.6% |
| Current portion of amounts payable after more than one year | 42 | €12,170 | €15,068 | +€2,898 | +23.8% |
| Financial debts | 43 | €2,618 | - | -€2,618 | |
| Credit institutions | 430/8 | €2,618 | - | -€2,618 | |
| Trade debts | 44 | €292 | €302 | +€10 | +3.6% |
| Suppliers | 440/4 | €292 | €302 | +€10 | +3.6% |
| Taxes, remuneration and social security | 45 | €217 | €1,095 | +€877 | +403.3% |
| Taxes | 450/3 | €217 | €1,095 | +€877 | +403.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,518 | €8,736 | +€218 | +2.6% |
| Other operating charges | 640/8 | €1,420 | €1,601 | +€181 | +12.8% |
| Gross operating margin | 9900 | €14,935 | €16,426 | +€1,491 | +10.0% |
| Operating profit (loss) | 9901 | €4,997 | €6,089 | +€1,092 | +21.9% |
| Financial charges | 65/66B | €4,182 | €3,421 | -€762 | -18.2% |
| Recurring financial charges | 65 | €4,182 | €3,421 | -€762 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €815 | €2,669 | +€1,854 | +227.5% |
| Income taxes | 67/77 | €217 | €1,095 | +€877 | +403.3% |
| Profit (loss) for the period | 9904 | €597 | €1,574 | +€976 | +163.4% |
| Profit (loss) for the period to be appropriated | 9905 | €597 | €1,574 | +€976 | +163.4% |
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 5 October 2026 via checked.be.