Olivier Marlein: 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 Marlein
Largest movements
- Receivables within one year -€18,228
down €18,228 (-51.3%), from €35,536 to €17,308
of which Other amounts receivable: -€18,362
- Cash +€6,386
up €6,386 (+28.3%), from €22,580 to €28,966
mainly Net result for the year (+€25,431) and Receivables within one year (+€18,228)
- Tangible fixed assets -€5,500
down €5,500 (-85.9%), from €6,404 to €904
- Reserves -€14,569
down €14,569 (-25.8%), from €56,552 to €41,984
- Trade debts -€2,006
down €2,006 (-84.9%), from €2,363 to €357
- Other debts -€1,666
down €1,666 (-100%), from €1,666 to €0
- Tax, wage and social debts +€774
up €774 (+72.7%), from €1,064 to €1,837
- Gross operating margin -€8,682
down €8,682 (-18.3%), from €47,354 to €38,672
- Taxes -€1,873
down €1,873 (-21.7%), from €8,624 to €6,751
- Financial income -€790
down €790 (-97.2%), from €813 to €22
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 | €64,645 | €47,178 | -€17,467 | -27.0% |
| Fixed assets | 21/28 | €6,404 | €904 | -€5,500 | -85.9% |
| Tangible fixed assets | 22/27 | €6,404 | €904 | -€5,500 | -85.9% |
| Furniture and vehicles | 24 | €6,404 | €904 | -€5,500 | -85.9% |
| Current assets | 29/58 | €58,241 | €46,274 | -€11,967 | -20.5% |
| Amounts receivable within one year | 40/41 | €35,536 | €17,308 | -€18,228 | -51.3% |
| Trade receivables | 40 | €9,826 | €9,960 | +€134 | +1.4% |
| Other amounts receivable | 41 | €25,710 | €7,348 | -€18,362 | -71.4% |
| Cash at bank and in hand | 54/58 | €22,580 | €28,966 | +€6,386 | +28.3% |
| Deferred charges and accrued income | 490/1 | €125 | €0 | -€125 | -100% |
| Total equity and liabilities | 10/49 | €64,645 | €47,178 | -€17,467 | -27.0% |
| Equity | 10/15 | €59,552 | €44,984 | -€14,569 | -24.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €56,552 | €41,984 | -€14,569 | -25.8% |
| Distributable reserves | 133 | €56,552 | €41,984 | -€14,569 | -25.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €5,093 | €2,195 | -€2,898 | -56.9% |
| Amounts payable within one year | 42/48 | €5,093 | €2,195 | -€2,898 | -56.9% |
| Trade debts | 44 | €2,363 | €357 | -€2,006 | -84.9% |
| Suppliers | 440/4 | €2,363 | €357 | -€2,006 | -84.9% |
| Taxes, remuneration and social security | 45 | €1,064 | €1,837 | +€774 | +72.7% |
| Taxes | 450/3 | €1,064 | €1,837 | +€774 | +72.7% |
| Other amounts payable | 47/48 | €1,666 | €0 | -€1,666 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,500 | €5,500 | = | 0.0% |
| Other operating charges | 640/8 | €795 | €889 | +€94 | +11.8% |
| Gross operating margin | 9900 | €47,354 | €38,672 | -€8,682 | -18.3% |
| Operating profit (loss) | 9901 | €41,060 | €32,284 | -€8,776 | -21.4% |
| Financial income | 75/76B | €813 | €22 | -€790 | -97.2% |
| Recurring financial income | 75 | €813 | €22 | -€790 | -97.2% |
| Financial charges | 65/66B | €120 | €124 | +€4 | +3.3% |
| Recurring financial charges | 65 | €120 | €124 | +€4 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €41,752 | €32,182 | -€9,570 | -22.9% |
| Income taxes | 67/77 | €8,624 | €6,751 | -€1,873 | -21.7% |
| Profit (loss) for the period | 9904 | €33,129 | €25,431 | -€7,698 | -23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €33,129 | €25,431 | -€7,698 | -23.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.