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.
OLIVIER MANAGEMENT
Largest movements
- Receivables within one year -€45,968
down €45,968 (-26.1%), from €175,870 to €129,902
of which Trade receivables: -€31,977
- Reserves -€52,167
down €52,167 (-37.8%), from €137,961 to €85,794
of which Distributable reserves: -€52,167
- Trade debts -€14,672
down €14,672 (-99.1%), from €14,801 to €129
- Tax, wage and social debts +€12,775
up €12,775 (+62.2%), from €20,537 to €33,312
- Other debts +€6,700
up €6,700 (+11,754%), from €57 to €6,757
- Gross operating margin +€7,611
up €7,611 (+231%), from €3,300 to €10,911
- Taxes +€1,165
up €1,165 (+91.5%), from €1,273 to €2,437
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.
Derived cash bridge
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €179,556 | €133,281 | -€46,275 | -25.8% |
| Current assets | 29/58 | €179,556 | €133,281 | -€46,275 | -25.8% |
| Amounts receivable within one year | 40/41 | €175,870 | €129,902 | -€45,968 | -26.1% |
| Trade receivables | 40 | €43,968 | €11,991 | -€31,977 | -72.7% |
| Other amounts receivable | 41 | €131,902 | €117,911 | -€13,991 | -10.6% |
| Cash at bank and in hand | 54/58 | €3,686 | €3,379 | -€307 | -8.3% |
| Total equity and liabilities | 10/49 | €179,556 | €133,281 | -€46,275 | -25.8% |
| Equity | 10/15 | €144,161 | €91,994 | -€52,167 | -36.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €137,961 | €85,794 | -€52,167 | -37.8% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €135,961 | €83,794 | -€52,167 | -38.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €35,395 | €41,287 | +€5,893 | +16.6% |
| Amounts payable within one year | 42/48 | €35,395 | €41,287 | +€5,893 | +16.6% |
| Trade debts | 44 | €14,801 | €129 | -€14,672 | -99.1% |
| Suppliers | 440/4 | €14,801 | €129 | -€14,672 | -99.1% |
| Advances received on contracts in progress | 46 | - | €1,090 | +€1,090 | |
| Taxes, remuneration and social security | 45 | €20,537 | €33,312 | +€12,775 | +62.2% |
| Taxes | 450/3 | €20,537 | €33,312 | +€12,775 | +62.2% |
| Other amounts payable | 47/48 | €57 | €6,757 | +€6,700 | +11,754% |
| Other operating charges | 640/8 | €499 | €513 | +€14 | +2.8% |
| Gross operating margin | 9900 | €3,300 | €10,911 | +€7,611 | +231% |
| Operating profit (loss) | 9901 | €2,801 | €10,398 | +€7,597 | +271% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €98 | €128 | +€30 | +30.6% |
| Recurring financial charges | 65 | €98 | €128 | +€30 | +30.6% |
| Profit (loss) for the period before taxes | 9903 | €2,703 | €10,270 | +€7,567 | +280% |
| Income taxes | 67/77 | €1,273 | €2,437 | +€1,165 | +91.5% |
| Profit (loss) for the period | 9904 | €1,430 | €7,833 | +€6,403 | +448% |
| Profit (loss) for the period to be appropriated | 9905 | €1,430 | €7,833 | +€6,403 | +448% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.