OLIVIER Patrick: what changed
Two fiscal 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 Patrick
Largest movements
- Cash -€56,140
down €56,140 (-61.3%), from €91,553 to €35,413
mainly Tax, wage and social debts (-€51,256) and Investment in fixed assets (net) (-€11,549)
- Tangible fixed assets +€8,932
up €8,932 (+82.8%), from €10,785 to €19,717
of which Furniture and vehicles: +€9,330
- Receivables within one year -€7,646
down €7,646 (-23.1%), from €33,107 to €25,461
of which Trade receivables: -€8,267
- Tax, wage and social debts -€51,256
down €51,256 (-98.8%), from €51,866 to €610
- Profit (loss) carried forward -€4,279
down €4,279 (-12.9%), from €33,301 to €29,022
- Turnover -€16,182
down €16,182 (-23.1%), from €69,974 to €53,792
- Purchases and services -€9,954
down €9,954 (-19.5%), from €51,119 to €41,165
- Gross operating margin -€6,228
down €6,228 (-33.0%), from €18,855 to €12,627
- Other operating charges +€5,503
up €5,503 (+311.7%), from €1,765 to €7,268
- Taxes -€4,681
down €4,681 (-41.2%), from €11,354 to €6,674
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.
Cash bridge derived
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 | €135,694 | €80,883 | -€54,811 | -40.4% |
| Fixed assets | 21/28 | €10,785 | €19,717 | +€8,932 | +82.8% |
| Tangible fixed assets | 22/27 | €10,785 | €19,717 | +€8,932 | +82.8% |
| Plant, machinery and equipment | 23 | €3,841 | €3,443 | -€398 | -10.4% |
| Furniture and vehicles | 24 | €6,944 | €16,274 | +€9,330 | +134.4% |
| Current assets | 29/58 | €124,909 | €61,166 | -€63,742 | -51.0% |
| Amounts receivable within one year | 40/41 | €33,107 | €25,461 | -€7,646 | -23.1% |
| Trade receivables | 40 | €31,000 | €22,733 | -€8,267 | -26.7% |
| Other amounts receivable | 41 | €2,107 | €2,728 | +€621 | +29.5% |
| Cash at bank and in hand | 54/58 | €91,553 | €35,413 | -€56,140 | -61.3% |
| Deferred charges and accrued income | 490/1 | €249 | €292 | +€44 | +17.5% |
| Total equity and liabilities | 10/49 | €135,694 | €80,883 | -€54,811 | -40.4% |
| Equity | 10/15 | €83,422 | €79,143 | -€4,279 | -5.1% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Outside capital | 11 | €14,260 | - | -€14,260 | |
| Share premium | 1100/10 | €14,260 | - | -€14,260 | |
| Reserves | 13 | €35,861 | €35,861 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,861 | €10,861 | = | 0.0% |
| Distributable reserves | 133 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,301 | €29,022 | -€4,279 | -12.9% |
| Amounts payable | 17/49 | €52,272 | €1,740 | -€50,531 | -96.7% |
| Amounts payable within one year | 42/48 | €52,272 | €1,740 | -€50,531 | -96.7% |
| Trade debts | 44 | €406 | €1,130 | +€724 | +178.4% |
| Suppliers | 440/4 | €406 | €1,130 | +€724 | +178.4% |
| Taxes, remuneration and social security | 45 | €51,866 | €610 | -€51,256 | -98.8% |
| Taxes | 450/3 | €51,866 | €610 | -€51,256 | -98.8% |
| Turnover | 70 | €69,974 | €53,792 | -€16,182 | -23.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €51,119 | €41,165 | -€9,954 | -19.5% |
| Remuneration, social security and pensions | 62 | €74 | €329 | +€254 | +341.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,695 | €2,617 | +€922 | +54.4% |
| Other operating charges | 640/8 | €1,765 | €7,268 | +€5,503 | +311.7% |
| Gross operating margin | 9900 | €18,855 | €12,627 | -€6,228 | -33.0% |
| Operating profit (loss) | 9901 | €15,321 | €2,413 | -€12,907 | -84.2% |
| Financial income | 75/76B | €376 | €133 | -€243 | -64.7% |
| Recurring financial income | 75 | €376 | €133 | -€243 | -64.7% |
| Financial charges | 65/66B | €183 | €152 | -€32 | -17.3% |
| Recurring financial charges | 65 | €183 | €152 | -€32 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €15,513 | €2,394 | -€13,119 | -84.6% |
| Income taxes | 67/77 | €11,354 | €6,674 | -€4,681 | -41.2% |
| Profit (loss) for the period | 9904 | €4,159 | -€4,279 | -€8,438 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,159 | -€4,279 | -€8,438 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.