Olivier Durieu: 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 Durieu
Largest movements
- Tangible fixed assets -€2,154
down €2,154 (-22.9%), from €9,416 to €7,261
of which Plant, machinery and equipment: -€4,191
- Cash -€1,978
down €1,978 (-80.4%), from €2,461 to €483
mainly Debts after one year (-€8,989) and Investment in fixed assets (net) (-€5,258)
- Receivables within one year -€1,300
down €1,300 (-100%), from €1,300 to €0
- Debts after one year -€8,989
down €8,989 (-9.3%), from €96,938 to €87,949
- Profit (loss) carried forward +€3,942
up €3,942 (+3.8%), from -€104,173 to -€100,231
- Tax, wage and social debts -€348
down €348 (-61.7%), from €563 to €216
- Other operating charges -€4,059
down €4,059 (-89.0%), from €4,560 to €501
- Gross operating margin -€1,078
down €1,078 (-7.6%), from €14,133 to €13,055
- Depreciation +€1,030
up €1,030 (+16.1%), from €6,382 to €7,412
- Financial charges -€234
down €234 (-16.3%), from €1,434 to €1,200
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 | €13,177 | €7,744 | -€5,432 | -41.2% |
| Fixed assets | 21/28 | €9,416 | €7,261 | -€2,154 | -22.9% |
| Tangible fixed assets | 22/27 | €9,416 | €7,261 | -€2,154 | -22.9% |
| Plant, machinery and equipment | 23 | €7,692 | €3,501 | -€4,191 | -54.5% |
| Furniture and vehicles | 24 | €1,723 | €3,760 | +€2,037 | +118% |
| Current assets | 29/58 | €3,761 | €483 | -€3,278 | -87.2% |
| Amounts receivable within one year | 40/41 | €1,300 | €0 | -€1,300 | -100% |
| Trade receivables | 40 | €1,300 | €0 | -€1,300 | -100% |
| Cash at bank and in hand | 54/58 | €2,461 | €483 | -€1,978 | -80.4% |
| Total equity and liabilities | 10/49 | €13,177 | €7,744 | -€5,432 | -41.2% |
| Equity | 10/15 | -€85,573 | -€81,631 | +€3,942 | +4.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€104,173 | -€100,231 | +€3,942 | +3.8% |
| Amounts payable | 17/49 | €98,750 | €89,375 | -€9,375 | -9.5% |
| Amounts payable after more than one year | 17 | €96,938 | €87,949 | -€8,989 | -9.3% |
| Other amounts payable | 178/9 | €96,938 | €87,949 | -€8,989 | -9.3% |
| Amounts payable within one year | 42/48 | €1,812 | €1,426 | -€386 | -21.3% |
| Trade debts | 44 | €1,249 | €1,211 | -€38 | -3.0% |
| Suppliers | 440/4 | €1,249 | €1,211 | -€38 | -3.0% |
| Taxes, remuneration and social security | 45 | €563 | €216 | -€348 | -61.7% |
| Taxes | 450/3 | €563 | €216 | -€348 | -61.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,382 | €7,412 | +€1,030 | +16.1% |
| Other operating charges | 640/8 | €4,560 | €501 | -€4,059 | -89.0% |
| Gross operating margin | 9900 | €14,133 | €13,055 | -€1,078 | -7.6% |
| Operating profit (loss) | 9901 | €3,191 | €5,142 | +€1,951 | +61.1% |
| Financial charges | 65/66B | €1,434 | €1,200 | -€234 | -16.3% |
| Recurring financial charges | 65 | €1,434 | €1,200 | -€234 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €1,757 | €3,942 | +€2,185 | +124% |
| Profit (loss) for the period | 9904 | €1,757 | €3,942 | +€2,185 | +124% |
| Profit (loss) for the period to be appropriated | 9905 | €1,757 | €3,942 | +€2,185 | +124% |
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 31 October 2026 via checked.be.