Olivier Management: 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.
What changed
Olivier Management
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€113,001
2024 · €186,795-€73,794
Equity
€1.5m
2024 · €1.4m+€43,001
Cash
€125,288
2024 · €120,442+€4,847
Balance sheet total
€1.6m
2024 · €1.6m+€38,673
Largest movements
Assets
- Current investments +€50,000
up €50,000 (+16.7%), from €300,000 to €350,000
- Tangible fixed assets -€23,269
down €23,269 (-22.0%), from €105,551 to €82,282
Equity and liabilities
- Profit (loss) carried forward +€43,001
up €43,001 (+3.8%), from €1.1m to €1.2m
Income statement
- Turnover -€31,020
down €31,020 (-9.8%), from €315,701 to €284,681
- Other operating income -€27,638
down €27,638 (-51.8%), from €53,326 to €25,688
- Financial income -€6,628
down €6,628 (-5.3%), from €124,620 to €117,992
- Depreciation +€6,405
up €6,405 (+35.5%), from €18,020 to €24,425
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.
Result 2024
€186,795
Turnover
-€31,020
Other operating income
-€27,638
Services and other goods
+€353
Staff costs
-€2,366
Depreciation
-€6,405
Other operating charges
+€639
Financial income
-€6,628
Financial charges
-€470
Taxes
-€258
Result 2025
€113,001
raises the resultlowers the result
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.
From operations
+€126,003
Investment
-€51,156
Financing
-€70,000
Cash 2024
€120,442
From operations (derived)
+€126,003
Net result for the year
+€113,001
Depreciation
+€24,425
Receivables within one year
-€10,732
Deferred charges and accrued income
+€3,637
Trade debts
-€6,071
Tax, wage and social debts
+€847
Other debts
+€896
Investment (derived)
-€51,156
Investment in fixed assets (net)
-€1,156
Current investments
-€50,000
Financing
-€70,000
Contributions, distributions and other
-€70,000
Cash 2025
€125,288
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,556,022 | €1,594,695 | +€38,673 | +2.5% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €1,101,258 | €1,077,989 | -€23,269 | -2.1% |
| Tangible fixed assets | 22/27 | €105,551 | €82,282 | -€23,269 | -22.0% |
| Furniture and vehicles | 24 | €105,551 | €82,282 | -€23,269 | -22.0% |
| Financial fixed assets | 28 | €995,707 | €995,707 | = | 0.0% |
| Affiliated companies | 280/1 | €995,707 | €995,707 | = | 0.0% |
| Participating interests | 280 | €995,707 | €995,707 | = | 0.0% |
| Current assets | 29/58 | €454,764 | €516,706 | +€61,942 | +13.6% |
| Amounts receivable within one year | 40/41 | €26,673 | €37,405 | +€10,732 | +40.2% |
| Trade receivables | 40 | €26,673 | €27,460 | +€787 | +3.0% |
| Other amounts receivable | 41 | - | €9,945 | +€9,945 | |
| Current investments | 50/53 | €300,000 | €350,000 | +€50,000 | +16.7% |
| Other investments | 51/53 | €300,000 | €350,000 | +€50,000 | +16.7% |
| Cash at bank and in hand | 54/58 | €120,442 | €125,288 | +€4,847 | +4.0% |
| Deferred charges and accrued income | 490/1 | €7,649 | €4,012 | -€3,637 | -47.5% |
| Total equity and liabilities | 10/49 | €1,556,022 | €1,594,695 | +€38,673 | +2.5% |
| Equity | 10/15 | €1,443,272 | €1,486,273 | +€43,001 | +3.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €254,540 | €254,540 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,400 | €17,400 | = | 0.0% |
| Legal reserve | 130 | €17,400 | €17,400 | = | 0.0% |
| Distributable reserves | 133 | €237,140 | €237,140 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,127,232 | €1,170,233 | +€43,001 | +3.8% |
| Amounts payable | 17/49 | €112,750 | €108,422 | -€4,328 | -3.8% |
| Amounts payable within one year | 42/48 | €112,750 | €108,422 | -€4,328 | -3.8% |
| Trade debts | 44 | €9,362 | €3,290 | -€6,071 | -64.9% |
| Suppliers | 440/4 | €9,362 | €3,290 | -€6,071 | -64.9% |
| Taxes, remuneration and social security | 45 | €34,284 | €35,131 | +€847 | +2.5% |
| Taxes | 450/3 | €18,276 | €17,948 | -€328 | -1.8% |
| Remuneration and social security | 454/9 | €16,008 | €17,183 | +€1,175 | +7.3% |
| Other amounts payable | 47/48 | €69,104 | €70,000 | +€896 | +1.3% |
| Operating income | 70/76A | €369,027 | €310,368 | -€58,659 | -15.9% |
| Turnover | 70 | €315,701 | €284,681 | -€31,020 | -9.8% |
| Other operating income | 74 | €53,326 | €25,688 | -€27,638 | -51.8% |
| Operating charges | 60/66A | €293,132 | €300,911 | +€7,779 | +2.7% |
| Services and other goods | 61 | €91,047 | €90,694 | -€353 | -0.4% |
| Remuneration, social security and pensions | 62 | €182,590 | €184,956 | +€2,366 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,020 | €24,425 | +€6,405 | +35.5% |
| Other operating charges | 640/8 | €1,475 | €836 | -€639 | -43.3% |
| Operating profit (loss) | 9901 | €75,895 | €9,457 | -€66,438 | -87.5% |
| Financial income | 75/76B | €124,620 | €117,992 | -€6,628 | -5.3% |
| Recurring financial income | 75 | €124,620 | €117,992 | -€6,628 | -5.3% |
| Income from financial fixed assets | 750 | €120,460 | €108,126 | -€12,334 | -10.2% |
| Income from current assets | 751 | €4,160 | €9,866 | +€5,706 | +137% |
| Financial charges | 65/66B | €702 | €1,172 | +€470 | +66.9% |
| Recurring financial charges | 65 | €702 | €1,172 | +€470 | +66.9% |
| Debt charges | 650 | €702 | €1,172 | +€470 | +66.9% |
| Other financial charges | 652/9 | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | €199,813 | €126,278 | -€73,536 | -36.8% |
| Income taxes | 67/77 | €13,018 | €13,277 | +€258 | +2.0% |
| Taxes | 670/3 | €13,114 | €22,958 | +€9,844 | +75.1% |
| Tax adjustments and reversals of tax provisions | 77 | €95 | €9,681 | +€9,586 | +10,048% |
| Profit (loss) for the period | 9904 | €186,795 | €113,001 | -€73,794 | -39.5% |
| Profit (loss) for the period to be appropriated | 9905 | €186,795 | €113,001 | -€73,794 | -39.5% |
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.