Olivier Berg: 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.
Olivier Berg
Largest movements
- Cash -€26,623
down €26,623 (-18.1%), from €147,261 to €120,638
mainly Contributions, distributions and other (-€70,637) and Tax, wage and social debts (-€11,457)
- Receivables within one year +€3,062
new in 2025: €3,062
of which Trade receivables: +€2,600
- Tax, wage and social debts -€11,457
down €11,457 (-36.8%), from €31,160 to €19,704
- Other debts -€11,281
down €11,281 (-13.8%), from €81,973 to €70,692
- Trade debts -€3,245
down €3,245 (-97.4%), from €3,332 to €87
- Gross operating margin -€14,228
down €14,228 (-13.1%), from €108,605 to €94,377
- Taxes -€5,020
down €5,020 (-21.3%), from €23,558 to €18,538
- Financial charges +€1,841
up €1,841 (+98.0%), from €1,878 to €3,719
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €157,391 | €131,409 | -€25,983 | -16.5% |
| Fixed assets | 21/28 | €8,704 | €7,596 | -€1,108 | -12.7% |
| Tangible fixed assets | 22/27 | €8,204 | €7,096 | -€1,108 | -13.5% |
| Furniture and vehicles | 24 | €3,518 | €2,650 | -€868 | -24.7% |
| Other tangible fixed assets | 26 | €4,686 | €4,446 | -€240 | -5.1% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €148,687 | €123,813 | -€24,874 | -16.7% |
| Amounts receivable within one year | 40/41 | - | €3,062 | +€3,062 | |
| Trade receivables | 40 | - | €2,600 | +€2,600 | |
| Other amounts receivable | 41 | - | €462 | +€462 | |
| Cash at bank and in hand | 54/58 | €147,261 | €120,638 | -€26,623 | -18.1% |
| Deferred charges and accrued income | 490/1 | €1,426 | €113 | -€1,313 | -92.1% |
| Total equity and liabilities | 10/49 | €157,391 | €131,409 | -€25,983 | -16.5% |
| Equity | 10/15 | €40,926 | €40,926 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,466 | €20,466 | = | 0.0% |
| Amounts payable | 17/49 | €116,466 | €90,483 | -€25,983 | -22.3% |
| Amounts payable within one year | 42/48 | €116,466 | €90,483 | -€25,983 | -22.3% |
| Trade debts | 44 | €3,332 | €87 | -€3,245 | -97.4% |
| Suppliers | 440/4 | €3,332 | €87 | -€3,245 | -97.4% |
| Taxes, remuneration and social security | 45 | €31,160 | €19,704 | -€11,457 | -36.8% |
| Taxes | 450/3 | €31,160 | €19,704 | -€11,457 | -36.8% |
| Other amounts payable | 47/48 | €81,973 | €70,692 | -€11,281 | -13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €809 | €1,108 | +€300 | +37.1% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €108,605 | €94,377 | -€14,228 | -13.1% |
| Operating profit (loss) | 9901 | €107,409 | €92,869 | -€14,540 | -13.5% |
| Financial income | 75/76B | €0 | €25 | +€25 | +125,300% |
| Recurring financial income | 75 | €0 | €25 | +€25 | +125,300% |
| Financial charges | 65/66B | €1,878 | €3,719 | +€1,841 | +98.0% |
| Recurring financial charges | 65 | €1,878 | €3,719 | +€1,841 | +98.0% |
| Profit (loss) for the period before taxes | 9903 | €105,531 | €89,175 | -€16,356 | -15.5% |
| Income taxes | 67/77 | €23,558 | €18,538 | -€5,020 | -21.3% |
| Profit (loss) for the period | 9904 | €81,973 | €70,637 | -€11,336 | -13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €81,973 | €70,637 | -€11,336 | -13.8% |
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 29 October 2026 via checked.be.