Olivier Bricks: 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 Bricks
Largest movements
- Receivables within one year +€2.0m
up €2.0m (+208.4%), from €941,416 to €2.9m
of which Other amounts receivable: +€2.0m
- Cash -€1.3m
down €1.3m (-95.4%), from €1.3m to €62,020
mainly Receivables within one year (-€2.0m) and Stocks and contracts (-€525,192)
- Stocks and contracts +€525,192
up €525,192 (+29.4%), from €1.8m to €2.3m
- Intangible fixed assets +€204,475
up €204,475 (+225.7%), from €90,600 to €295,075
- Tangible fixed assets -€178,728
down €178,728 (-15.7%), from €1.1m to €961,407
of which Plant, machinery and equipment: -€146,579
- Short-term financial debts +€1.5m
new in 2025: €1.5m
- Reserves +€291,744
up €291,744 (+12.9%), from €2.3m to €2.5m
of which Distributable reserves: +€291,744
- Tax, wage and social debts -€186,082
down €186,082 (-39.9%), from €465,857 to €279,774
of which Taxes: -€237,229
- Trade debts -€175,785
down €175,785 (-12.6%), from €1.4m to €1.2m
- Other debts -€90,000
down €90,000 (-100.0%), from €90,000 to €0
- Turnover -€7.8m
no longer reported in 2025 (was €7.8m)
- Goods and materials -€3.8m
no longer reported in 2025 (was €3.8m)
of which Purchases: -€3.4m
- Gross operating margin +€2.5m
new in 2025: €2.5m
- Services and other goods -€1.6m
no longer reported in 2025 (was €1.6m)
- Staff costs +€229,866
up €229,866 (+16.5%), from €1.4m to €1.6m
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 | €5,312,108 | €6,549,205 | +€1.2m | +23.3% |
| Fixed assets | 21/28 | €1,230,735 | €1,256,482 | +€25,747 | +2.1% |
| Intangible fixed assets | 21 | €90,600 | €295,075 | +€204,475 | +225.7% |
| Tangible fixed assets | 22/27 | €1,140,135 | €961,407 | -€178,728 | -15.7% |
| Land and buildings | 22 | €249,708 | €219,348 | -€30,360 | -12.2% |
| Plant, machinery and equipment | 23 | €659,710 | €513,131 | -€146,579 | -22.2% |
| Furniture and vehicles | 24 | €217,399 | €227,025 | +€9,626 | +4.4% |
| Other tangible fixed assets | 26 | €13,318 | €1,903 | -€11,416 | -85.7% |
| Current assets | 29/58 | €4,081,373 | €5,292,724 | +€1.2m | +29.7% |
| Stocks and contracts in progress | 3 | €1,784,612 | €2,309,804 | +€525,192 | +29.4% |
| Stocks | 30/36 | €1,784,612 | €2,309,804 | +€525,192 | +29.4% |
| Raw materials and consumables | 30/31 | €720,603 | - | -€720,603 | |
| Finished goods | 33 | €1,064,010 | - | -€1.1m | |
| Amounts receivable within one year | 40/41 | €941,416 | €2,903,036 | +€2.0m | +208.4% |
| Trade receivables | 40 | €653,373 | €633,544 | -€19,829 | -3.0% |
| Other amounts receivable | 41 | €288,043 | €2,269,491 | +€2.0m | +687.9% |
| Cash at bank and in hand | 54/58 | €1,338,998 | €62,020 | -€1.3m | -95.4% |
| Deferred charges and accrued income | 490/1 | €16,347 | €17,864 | +€1,517 | +9.3% |
| Total equity and liabilities | 10/49 | €5,312,108 | €6,549,205 | +€1.2m | +23.3% |
| Equity | 10/15 | €3,257,577 | €3,549,321 | +€291,744 | +9.0% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €2,257,577 | €2,549,321 | +€291,744 | +12.9% |
| Non-distributable reserves | 130/1 | €100,000 | €100,000 | = | 0.0% |
| Legal reserve | 130 | €100,000 | €100,000 | = | 0.0% |
| Distributable reserves | 133 | €2,157,577 | €2,449,321 | +€291,744 | +13.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €2,054,531 | €2,999,884 | +€945,353 | +46.0% |
| Amounts payable within one year | 42/48 | €2,034,251 | €2,999,884 | +€965,633 | +47.5% |
| Current portion of amounts payable after more than one year | 42 | €82,500 | €0 | -€82,500 | -100.0% |
| Financial debts | 43 | - | €1,500,000 | +€1.5m | |
| Credit institutions | 430/8 | - | €1,500,000 | +€1.5m | |
| Trade debts | 44 | €1,395,894 | €1,220,110 | -€175,785 | -12.6% |
| Suppliers | 440/4 | €1,395,894 | €1,220,110 | -€175,785 | -12.6% |
| Taxes, remuneration and social security | 45 | €465,857 | €279,774 | -€186,082 | -39.9% |
| Taxes | 450/3 | €315,046 | €77,817 | -€237,229 | -75.3% |
| Remuneration and social security | 454/9 | €150,811 | €201,957 | +€51,146 | +33.9% |
| Other amounts payable | 47/48 | €90,000 | €0 | -€90,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €20,279 | €0 | -€20,279 | -100.0% |
| Operating income | 70/76A | €7,782,836 | - | -€7.8m | |
| Turnover | 70 | €7,758,154 | - | -€7.8m | |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€17,657 | - | +€17,657 | |
| Other operating income | 74 | €42,339 | - | -€42,339 | |
| Non-recurring operating income | 76A | - | €726 | +€726 | |
| Operating charges | 60/66A | €7,224,502 | - | -€7.2m | |
| Goods for resale, raw materials and consumables | 60 | €3,830,156 | - | -€3.8m | |
| Purchases | 600/8 | €3,441,839 | - | -€3.4m | |
| Change in stocks: decrease (increase) | 609 | €388,316 | - | -€388,316 | |
| Services and other goods | 61 | €1,616,255 | - | -€1.6m | |
| Remuneration, social security and pensions | 62 | €1,393,714 | €1,623,581 | +€229,866 | +16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €339,191 | €353,561 | +€14,370 | +4.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,805 | €0 | -€13,805 | -100.0% |
| Other operating charges | 640/8 | €29,749 | €10,159 | -€19,590 | -65.8% |
| Non-recurring operating charges | 66A | €1,632 | €0 | -€1,632 | -100.0% |
| Gross operating margin | 9900 | - | €2,495,574 | +€2.5m | |
| Operating profit (loss) | 9901 | €558,335 | €508,273 | -€50,062 | -9.0% |
| Financial income | 75/76B | €4,657 | €7,588 | +€2,930 | +62.9% |
| Recurring financial income | 75 | €4,657 | €7,588 | +€2,930 | +62.9% |
| Other financial income | 752/9 | €4,657 | - | -€4,657 | |
| Financial charges | 65/66B | €76,671 | €110,200 | +€33,529 | +43.7% |
| Recurring financial charges | 65 | €76,671 | €110,200 | +€33,529 | +43.7% |
| Debt charges | 650 | €15,766 | - | -€15,766 | |
| Other financial charges | 652/9 | €60,905 | - | -€60,905 | |
| Profit (loss) for the period before taxes | 9903 | €486,321 | €405,661 | -€80,660 | -16.6% |
| Income taxes | 67/77 | €65,330 | €113,917 | +€48,587 | +74.4% |
| Taxes | 670/3 | €65,330 | - | -€65,330 | |
| Profit (loss) for the period | 9904 | €420,991 | €291,744 | -€129,247 | -30.7% |
| Profit (loss) for the period to be appropriated | 9905 | €420,991 | €291,744 | -€129,247 | -30.7% |
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.