Olivier Deleu: what changed
What changed
Olivier Deleu
NACE 82.990, Other business support services
filed annual accounts (NBB)
Net result for the year
€67,755
2024 · €46,618+€21,138
Equity
€140,235
2024 · €72,479+€67,755
Cash
€106,467
2024 · €61,770+€44,697
Balance sheet total
€713,187
2024 · €693,052+€20,135
Largest movements
Assets
- Cash +€44,697
up €44,697 (+72.4%), from €61,770 to €106,467
mainly Net result for the year (+€67,755) and Depreciation (+€38,566)
- Tangible fixed assets -€25,430
down €25,430 (-4.1%), from €613,676 to €588,246
of which Land and buildings: -€26,359
Equity and liabilities
- Reserves +€67,755
up €67,755 (+114%), from €59,636 to €127,391
- Debts after one year -€39,996
down €39,996 (-7.7%), from €520,030 to €480,034
- Other debts -€24,774
down €24,774 (-92.9%), from €26,663 to €1,889
- Tax, wage and social debts +€12,379
up €12,379 (+58.6%), from €21,108 to €33,487
of which Remuneration and social security: +€16,049
Income statement
- Gross operating margin +€97,827
up €97,827 (+71.5%), from €136,852 to €234,679
- Staff costs +€67,700
new in 2025: €67,700
- Taxes +€10,450
up €10,450 (+55.6%), from €18,801 to €29,251
- Depreciation -€2,873
down €2,873 (-6.9%), from €41,439 to €38,566
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€46,618
Gross operating margin
+€97,827
Staff costs
-€67,700
Depreciation
+€2,873
Other operating charges
+€138
Financial income
-€72
Financial charges
-€1,478
Taxes
-€10,450
Result 2025
€67,755
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€95,003
Investment
-€13,136
Financing
-€37,170
Cash 2024
€61,770
From operations (derived)
+€95,003
Net result for the year
+€67,755
Depreciation
+€38,566
Receivables within one year
-€635
Deferred charges and accrued income
-€233
Trade debts
+€3,092
Tax, wage and social debts
+€12,379
Other debts
-€24,774
Accrued charges and deferred income
-€1,147
Investment (derived)
-€13,136
Investment in fixed assets (net)
-€13,136
Financing
-€37,170
Debts after one year
-€39,996
Current portion of long-term debt
+€1,755
Short-term financial debts
+€1,071
Cash 2025
€106,467
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €693,052 | €713,187 | +€20,135 | +2.9% |
| Fixed assets | 21/28 | €613,676 | €588,246 | -€25,430 | -4.1% |
| Tangible fixed assets | 22/27 | €613,676 | €588,246 | -€25,430 | -4.1% |
| Land and buildings | 22 | €608,717 | €582,358 | -€26,359 | -4.3% |
| Plant, machinery and equipment | 23 | €4,161 | €4,400 | +€239 | +5.7% |
| Furniture and vehicles | 24 | €798 | €1,489 | +€690 | +86.4% |
| Current assets | 29/58 | €79,376 | €124,941 | +€45,565 | +57.4% |
| Amounts receivable within one year | 40/41 | €16,254 | €16,889 | +€635 | +3.9% |
| Trade receivables | 40 | €0 | €16,208 | +€16,208 | |
| Other amounts receivable | 41 | €16,254 | €681 | -€15,573 | -95.8% |
| Cash at bank and in hand | 54/58 | €61,770 | €106,467 | +€44,697 | +72.4% |
| Deferred charges and accrued income | 490/1 | €1,352 | €1,585 | +€233 | +17.2% |
| Total equity and liabilities | 10/49 | €693,052 | €713,187 | +€20,135 | +2.9% |
| Equity | 10/15 | €72,479 | €140,235 | +€67,755 | +93.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €59,636 | €127,391 | +€67,755 | +114% |
| Distributable reserves | 133 | €59,636 | €127,391 | +€67,755 | +114% |
| Profit (loss) carried forward | 14 | €443 | €443 | = | 0.0% |
| Amounts payable | 17/49 | €620,573 | €572,952 | -€47,621 | -7.7% |
| Amounts payable after more than one year | 17 | €520,030 | €480,034 | -€39,996 | -7.7% |
| Financial debts | 170/4 | €520,030 | €480,034 | -€39,996 | -7.7% |
| Amounts payable within one year | 42/48 | €98,614 | €92,137 | -€6,477 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | €38,241 | €39,996 | +€1,755 | +4.6% |
| Financial debts | 43 | €10,187 | €11,258 | +€1,071 | +10.5% |
| Credit institutions | 430/8 | €187 | €1,258 | +€1,071 | +572% |
| Other loans | 439 | €10,000 | €10,000 | = | 0.0% |
| Trade debts | 44 | €2,415 | €5,506 | +€3,092 | +128% |
| Suppliers | 440/4 | €2,415 | €5,506 | +€3,092 | +128% |
| Taxes, remuneration and social security | 45 | €21,108 | €33,487 | +€12,379 | +58.6% |
| Taxes | 450/3 | €21,108 | €17,439 | -€3,670 | -17.4% |
| Remuneration and social security | 454/9 | - | €16,049 | +€16,049 | |
| Other amounts payable | 47/48 | €26,663 | €1,889 | -€24,774 | -92.9% |
| Accrued charges and deferred income | 492/3 | €1,928 | €781 | -€1,147 | -59.5% |
| Non-recurring operating income | 76A | - | €10,164 | +€10,164 | |
| Remuneration, social security and pensions | 62 | - | €67,700 | +€67,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,439 | €38,566 | -€2,873 | -6.9% |
| Other operating charges | 640/8 | €4,528 | €4,390 | -€138 | -3.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €136,852 | €234,679 | +€97,827 | +71.5% |
| Operating profit (loss) | 9901 | €90,885 | €124,023 | +€33,137 | +36.5% |
| Financial income | 75/76B | €72 | €0 | -€72 | -100% |
| Recurring financial income | 75 | €72 | €0 | -€72 | -100% |
| Financial charges | 65/66B | €25,538 | €27,016 | +€1,478 | +5.8% |
| Recurring financial charges | 65 | €25,538 | €27,016 | +€1,478 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | €65,419 | €97,006 | +€31,587 | +48.3% |
| Income taxes | 67/77 | €18,801 | €29,251 | +€10,450 | +55.6% |
| Profit (loss) for the period | 9904 | €46,618 | €67,755 | +€21,138 | +45.3% |
| Profit (loss) for the period to be appropriated | 9905 | €46,618 | €67,755 | +€21,138 | +45.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.