OLIVIER CONSTRUCT: 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.
What changed
OLIVIER CONSTRUCT
NACE 43.120, Site preparation
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€222,699
2023 · €276,013-€53,314
Equity
€4.9m
2023 · €4.8m+€172,699
Cash
€192,023
2023 · €367,343-€175,320
Balance sheet total
€10.0m
2023 · €10.2m-€186,427
Largest movements
Assets
- Receivables within one year -€430,146
down €430,146 (-13.6%), from €3.2m to €2.7m
of which Trade receivables: -€834,131
- Stocks and contracts +€243,764
up €243,764 (+15.5%), from €1.6m to €1.8m
of which Contracts in progress: +€207,548
- Tangible fixed assets +€239,711
up €239,711 (+6.4%), from €3.8m to €4.0m
of which Leasing and similar rights: +€218,326
- Cash -€175,320
down €175,320 (-47.7%), from €367,343 to €192,023
mainly Investment in fixed assets (net) (-€814,275) and Short-term financial debts (-€318,762)
Equity and liabilities
- Short-term financial debts -€318,762
down €318,762 (-50.6%), from €630,136 to €311,374
- Advances received -€181,120
down €181,120 (-57.3%), from €315,945 to €134,825
- Reserves +€172,699
up €172,699 (+4.0%), from €4.3m to €4.4m
of which Distributable reserves: +€173,199
Income statement
- Turnover -€949,422
down €949,422 (-4.7%), from €20.4m to €19.5m
- Goods and materials -€655,801
down €655,801 (-4.7%), from €13.8m to €13.2m
of which Purchases: -€601,980
From the 2023 result to the 2024 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 2023
€276,013
Turnover
-€949,422
Other operating income
+€4,176
Goods and materials
+€655,801
Services and other goods
+€26,263
Staff costs
-€168,091
Depreciation
+€13,560
Write-downs
+€6,313
Provisions
+€13,254
Other operating charges
-€13,399
Other operating items
+€374,304
Financial income
-€8,329
Financial charges
-€4,033
Taxes
-€71
Deferred taxes and other
-€3,638
Result 2024
€222,699
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€910,259
Investment
-€765,103
Financing
-€320,475
Cash 2023
€367,343
From operations (derived)
+€910,259
Net result for the year
+€222,699
Depreciation
+€585,714
Stocks and contracts
-€243,764
Receivables within one year
+€430,146
Deferred charges and accrued income
+€4,114
Provisions
+€17,197
Trade debts
+€77,304
Tax, wage and social debts
+€1,313
Advances received
-€181,120
Other debts
+€6,317
Accrued charges and deferred income
-€9,661
Investment (derived)
-€765,103
Investment in fixed assets (net)
-€814,275
Current investments
+€49,171
Financing
-€320,475
Debts after one year
-€36,574
Current portion of long-term debt
+€84,861
Short-term financial debts
-€318,762
Contributions, distributions and other
-€50,000
Cash 2024
€192,023
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,181,458 | €9,995,031 | -€186,427 | -1.8% |
| Fixed assets | 21/28 | €4,595,942 | €4,824,502 | +€228,560 | +5.0% |
| Intangible fixed assets | 21 | €36,828 | €25,543 | -€11,285 | -30.6% |
| Tangible fixed assets | 22/27 | €3,774,616 | €4,014,327 | +€239,711 | +6.4% |
| Plant, machinery and equipment | 23 | €603,651 | €636,978 | +€33,327 | +5.5% |
| Furniture and vehicles | 24 | €198,225 | €186,283 | -€11,942 | -6.0% |
| Leasing and similar rights | 25 | €2,972,740 | €3,191,066 | +€218,326 | +7.3% |
| Financial fixed assets | 28 | €784,497 | €784,632 | +€135 | 0.0% |
| Affiliated companies | 280/1 | €618,742 | €618,742 | = | 0.0% |
| Participating interests | 280 | €618,742 | €618,742 | = | 0.0% |
| Other financial fixed assets | 284/8 | €165,755 | €165,890 | +€135 | +0.1% |
| Amounts receivable and cash guarantees | 285/8 | €165,755 | €165,890 | +€135 | +0.1% |
| Current assets | 29/58 | €5,585,516 | €5,170,529 | -€414,987 | -7.4% |
| Stocks and contracts in progress | 3 | €1,570,097 | €1,813,861 | +€243,764 | +15.5% |
| Stocks | 30/36 | €673,622 | €709,838 | +€36,216 | +5.4% |
| Raw materials and consumables | 30/31 | €475,972 | €507,905 | +€31,933 | +6.7% |
| Property held for sale | 35 | €197,650 | €201,933 | +€4,283 | +2.2% |
| Contracts in progress | 37 | €896,475 | €1,104,023 | +€207,548 | +23.2% |
| Amounts receivable within one year | 40/41 | €3,174,227 | €2,744,081 | -€430,146 | -13.6% |
| Trade receivables | 40 | €2,851,889 | €2,017,758 | -€834,131 | -29.2% |
| Other amounts receivable | 41 | €322,338 | €726,323 | +€403,985 | +125.3% |
| Current investments | 50/53 | €385,000 | €335,829 | -€49,171 | -12.8% |
| Own shares | 50 | €135,000 | €135,000 | = | 0.0% |
| Other investments | 51/53 | €250,000 | €200,829 | -€49,171 | -19.7% |
| Cash at bank and in hand | 54/58 | €367,343 | €192,023 | -€175,320 | -47.7% |
| Deferred charges and accrued income | 490/1 | €88,850 | €84,736 | -€4,114 | -4.6% |
| Total equity and liabilities | 10/49 | €10,181,458 | €9,995,031 | -€186,427 | -1.8% |
| Equity | 10/15 | €4,768,642 | €4,941,341 | +€172,699 | +3.6% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €4,268,642 | €4,441,341 | +€172,699 | +4.0% |
| Non-distributable reserves | 130/1 | €185,000 | €185,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Own shares acquired | 1312 | €135,000 | €135,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €271,184 | €270,684 | -€500 | -0.2% |
| Distributable reserves | 133 | €3,812,458 | €3,985,657 | +€173,199 | +4.5% |
| Provisions and deferred taxes | 16 | €202,748 | €219,944 | +€17,197 | +8.5% |
| Provisions for liabilities and charges | 160/5 | €202,490 | €219,944 | +€17,454 | +8.6% |
| Other liabilities and charges | 164/5 | €202,490 | €219,944 | +€17,454 | +8.6% |
| Deferred taxes | 168 | €257 | €0 | -€257 | -100.0% |
| Amounts payable | 17/49 | €5,210,068 | €4,833,746 | -€376,322 | -7.2% |
| Amounts payable after more than one year | 17 | €1,198,210 | €1,161,636 | -€36,574 | -3.1% |
| Financial debts | 170/4 | €1,198,210 | €1,161,636 | -€36,574 | -3.1% |
| Leasing and similar obligations | 172 | €1,144,702 | €1,107,326 | -€37,376 | -3.3% |
| Credit institutions | 173 | €53,508 | €54,310 | +€802 | +1.5% |
| Amounts payable within one year | 42/48 | €4,002,100 | €3,672,013 | -€330,087 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €418,643 | €503,504 | +€84,861 | +20.3% |
| Financial debts | 43 | €630,136 | €311,374 | -€318,762 | -50.6% |
| Credit institutions | 430/8 | €630,136 | €311,374 | -€318,762 | -50.6% |
| Trade debts | 44 | €2,256,051 | €2,333,355 | +€77,304 | +3.4% |
| Suppliers | 440/4 | €2,256,051 | €2,333,355 | +€77,304 | +3.4% |
| Advances received on contracts in progress | 46 | €315,945 | €134,825 | -€181,120 | -57.3% |
| Taxes, remuneration and social security | 45 | €136,359 | €137,672 | +€1,313 | +1.0% |
| Taxes | 450/3 | €18,350 | €16,413 | -€1,937 | -10.6% |
| Remuneration and social security | 454/9 | €118,009 | €121,259 | +€3,250 | +2.8% |
| Other amounts payable | 47/48 | €244,966 | €251,283 | +€6,317 | +2.6% |
| Accrued charges and deferred income | 492/3 | €9,758 | €97 | -€9,661 | -99.0% |
| Operating income | 70/76A | €20,514,523 | €19,943,581 | -€570,942 | -2.8% |
| Turnover | 70 | €20,410,103 | €19,460,681 | -€949,422 | -4.7% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€162,474 | €211,831 | +€374,304 | |
| Other operating income | 74 | €266,894 | €271,069 | +€4,176 | +1.6% |
| Operating charges | 60/66A | €20,235,478 | €19,701,778 | -€533,700 | -2.6% |
| Goods for resale, raw materials and consumables | 60 | €13,813,964 | €13,158,163 | -€655,801 | -4.7% |
| Purchases | 600/8 | €13,792,076 | €13,190,096 | -€601,980 | -4.4% |
| Change in stocks: decrease (increase) | 609 | €21,888 | -€31,933 | -€53,822 | |
| Services and other goods | 61 | €1,998,372 | €1,972,109 | -€26,263 | -1.3% |
| Remuneration, social security and pensions | 62 | €3,709,525 | €3,877,616 | +€168,091 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €599,274 | €585,714 | -€13,560 | -2.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,820 | €1,507 | -€6,313 | -80.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €30,708 | €17,454 | -€13,254 | -43.2% |
| Other operating charges | 640/8 | €75,817 | €89,216 | +€13,399 | +17.7% |
| Operating profit (loss) | 9901 | €279,045 | €241,802 | -€37,242 | -13.3% |
| Financial income | 75/76B | €79,293 | €70,963 | -€8,329 | -10.5% |
| Recurring financial income | 75 | €79,293 | €70,963 | -€8,329 | -10.5% |
| Income from financial fixed assets | 750 | €0 | - | = | |
| Income from current assets | 751 | €8,193 | €27,134 | +€18,942 | +231.2% |
| Other financial income | 752/9 | €71,100 | €43,829 | -€27,271 | -38.4% |
| Financial charges | 65/66B | €82,841 | €86,875 | +€4,033 | +4.9% |
| Recurring financial charges | 65 | €82,841 | €86,875 | +€4,033 | +4.9% |
| Debt charges | 650 | €29,459 | €58,022 | +€28,562 | +97.0% |
| Other financial charges | 652/9 | €53,382 | €28,853 | -€24,529 | -45.9% |
| Profit (loss) for the period before taxes | 9903 | €275,496 | €225,891 | -€49,605 | -18.0% |
| Transfer from deferred taxes | 780 | €3,895 | €257 | -€3,638 | -93.4% |
| Income taxes | 67/77 | €3,379 | €3,450 | +€71 | +2.1% |
| Taxes | 670/3 | €3,379 | €3,450 | +€71 | +2.1% |
| Profit (loss) for the period | 9904 | €276,013 | €222,699 | -€53,314 | -19.3% |
| Transfer from tax-exempt reserves | 789 | €7,565 | €500 | -€7,065 | -93.4% |
| Profit (loss) for the period to be appropriated | 9905 | €283,578 | €223,199 | -€60,379 | -21.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.