OLIVIER RALET BDM: what changed
What changed
OLIVIER RALET BDM
filed annual accounts (NBB)
Net result for the year
-€1.5m
2024 · €8,008-€1.5m
Equity
€1.1m
2024 · €2.6m-€1.5m
Cash
€1,951
2024 · €2,733-€782
Balance sheet total
€1.1m
2024 · €2.7m-€1.5m
Largest movements
Assets
- Financial fixed assets -€1.5m
down €1.5m (-58.8%), from €2.6m to €1.1m
Equity and liabilities
- Profit (loss) carried forward -€1.5m
down €1.5m (-58.3%), from €2.6m to €1.1m
Income statement
- Financial charges +€1.5m
up €1.5m (+1,540,306%), from €99 to €1.5m
of which Non-recurring financial charges: +€1.5m
- Gross operating margin -€8,993
down €8,993, from €4,174 to -€4,819
- Financial income -€5,971
no longer reported in 2025 (was €5,971)
- Taxes -€232
down €232, from €8 to -€224
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€8,008
Gross operating margin
-€8,993
Depreciation
-€0
Other operating charges
-€34
Financial income
-€5,971
Financial charges
-€1.5m
Taxes
+€232
Result 2025
-€1.5m
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€1.5m
Investment
+€1.5m
Financing
€0
Cash 2024
€2,733
From operations (derived)
-€1.5m
Net result for the year
-€1.5m
Depreciation
+€1,070
Receivables within one year
+€5,558
Smaller working-capital items
-€654
Investment (derived)
+€1.5m
Investment in fixed assets (net)
+€1.5m
Cash 2025
€1,951
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,666,428 | €1,131,801 | -€1.5m | -57.6% |
| Fixed assets | 21/28 | €2,632,751 | €1,104,463 | -€1.5m | -58.0% |
| Tangible fixed assets | 22/27 | €36,751 | €35,680 | -€1,070 | -2.9% |
| Furniture and vehicles | 24 | €14,751 | €13,680 | -€1,070 | -7.3% |
| Other tangible fixed assets | 26 | €22,000 | €22,000 | = | 0.0% |
| Financial fixed assets | 28 | €2,596,000 | €1,068,783 | -€1.5m | -58.8% |
| Current assets | 29/58 | €33,678 | €27,339 | -€6,339 | -18.8% |
| Amounts receivable within one year | 40/41 | €30,945 | €25,387 | -€5,558 | -18.0% |
| Trade receivables | 40 | €6,000 | - | -€6,000 | |
| Other amounts receivable | 41 | €24,945 | €25,387 | +€443 | +1.8% |
| Cash at bank and in hand | 54/58 | €2,733 | €1,951 | -€782 | -28.6% |
| Total equity and liabilities | 10/49 | €2,666,428 | €1,131,801 | -€1.5m | -57.6% |
| Equity | 10/15 | €2,644,097 | €1,110,125 | -€1.5m | -58.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,629,837 | €1,095,865 | -€1.5m | -58.3% |
| Amounts payable | 17/49 | €22,331 | €21,677 | -€654 | -2.9% |
| Amounts payable within one year | 42/48 | €22,331 | €21,677 | -€654 | -2.9% |
| Trade debts | 44 | - | €1,401 | +€1,401 | |
| Suppliers | 440/4 | - | €1,401 | +€1,401 | |
| Taxes, remuneration and social security | 45 | €1,515 | - | -€1,515 | |
| Taxes | 450/3 | €1,515 | - | -€1,515 | |
| Other amounts payable | 47/48 | €20,816 | €20,276 | -€540 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,070 | €1,070 | +€0 | 0.0% |
| Other operating charges | 640/8 | €960 | €994 | +€34 | +3.6% |
| Gross operating margin | 9900 | €4,174 | -€4,819 | -€8,993 | |
| Operating profit (loss) | 9901 | €2,144 | -€6,884 | -€9,028 | |
| Financial income | 75/76B | €5,971 | - | -€5,971 | |
| Recurring financial income | 75 | €5,971 | - | -€5,971 | |
| Financial charges | 65/66B | €99 | €1,527,313 | +€1.5m | +1,540,306% |
| Recurring financial charges | 65 | €99 | €96 | -€4 | -3.7% |
| Non-recurring financial charges | 66B | - | €1,527,217 | +€1.5m | |
| Profit (loss) for the period before taxes | 9903 | €8,015 | -€1,534,197 | -€1.5m | |
| Income taxes | 67/77 | €8 | -€224 | -€232 | |
| Profit (loss) for the period | 9904 | €8,008 | -€1,533,973 | -€1.5m | |
| Profit (loss) for the period to be appropriated | 9905 | €8,008 | -€1,533,973 | -€1.5m |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.