Olivier Rausch: 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 Rausch
Largest movements
- Cash +€77,322
up €77,322 (+212%), from €36,398 to €113,720
mainly Net result for the year (+€60,273) and Tax, wage and social debts (+€19,693)
- Tangible fixed assets +€1,311
up €1,311 (+13.5%), from €9,742 to €11,053
of which Furniture and vehicles: +€2,019
- Reserves +€55,000
up €55,000 (+316%), from €17,400 to €72,400
- Tax, wage and social debts +€19,693
up €19,693 (+140%), from €14,108 to €33,802
of which Taxes: +€18,348
- Profit (loss) carried forward +€5,273
up €5,273 (+6,105%), from €86 to €5,359
- Gross operating margin +€59,663
up €59,663 (+231%), from €25,796 to €85,459
- Taxes +€15,569
up €15,569 (+209%), from €7,464 to €23,033
- Depreciation +€1,081
up €1,081 (+191%), from €565 to €1,646
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 | €47,502 | €127,022 | +€79,520 | +167% |
| Fixed assets | 21/28 | €9,742 | €11,053 | +€1,311 | +13.5% |
| Tangible fixed assets | 22/27 | €9,742 | €11,053 | +€1,311 | +13.5% |
| Plant, machinery and equipment | 23 | €6,868 | €6,160 | -€708 | -10.3% |
| Furniture and vehicles | 24 | €2,874 | €4,893 | +€2,019 | +70.3% |
| Current assets | 29/58 | €37,760 | €115,969 | +€78,209 | +207% |
| Amounts receivable within one year | 40/41 | €941 | €1,743 | +€802 | +85.2% |
| Trade receivables | 40 | - | €115 | +€115 | |
| Other amounts receivable | 41 | €941 | €1,628 | +€687 | +73.0% |
| Cash at bank and in hand | 54/58 | €36,398 | €113,720 | +€77,322 | +212% |
| Deferred charges and accrued income | 490/1 | €421 | €507 | +€85 | +20.2% |
| Total equity and liabilities | 10/49 | €47,502 | €127,022 | +€79,520 | +167% |
| Equity | 10/15 | €32,486 | €92,759 | +€60,273 | +186% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €17,400 | €72,400 | +€55,000 | +316% |
| Distributable reserves | 133 | €17,400 | €72,400 | +€55,000 | +316% |
| Profit (loss) carried forward | 14 | €86 | €5,359 | +€5,273 | +6,105% |
| Amounts payable | 17/49 | €15,016 | €34,263 | +€19,247 | +128% |
| Amounts payable within one year | 42/48 | €15,016 | €34,263 | +€19,247 | +128% |
| Trade debts | 44 | €907 | €461 | -€446 | -49.2% |
| Suppliers | 440/4 | €907 | €461 | -€446 | -49.2% |
| Taxes, remuneration and social security | 45 | €14,108 | €33,802 | +€19,693 | +140% |
| Taxes | 450/3 | €14,108 | €32,457 | +€18,348 | +130% |
| Remuneration and social security | 454/9 | - | €1,345 | +€1,345 | |
| Remuneration, social security and pensions | 62 | €228 | €250 | +€22 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €565 | €1,646 | +€1,081 | +191% |
| Other operating charges | 640/8 | €53 | €140 | +€87 | +164% |
| Gross operating margin | 9900 | €25,796 | €85,459 | +€59,663 | +231% |
| Operating profit (loss) | 9901 | €24,950 | €83,423 | +€58,473 | +234% |
| Financial income | 75/76B | €9 | €0 | -€9 | -100% |
| Recurring financial income | 75 | €9 | €0 | -€9 | -100% |
| Financial charges | 65/66B | €9 | €118 | +€109 | +1,284% |
| Recurring financial charges | 65 | €9 | €118 | +€109 | +1,284% |
| Profit (loss) for the period before taxes | 9903 | €24,950 | €83,305 | +€58,355 | +234% |
| Income taxes | 67/77 | €7,464 | €23,033 | +€15,569 | +209% |
| Profit (loss) for the period | 9904 | €17,486 | €60,273 | +€42,786 | +245% |
| Profit (loss) for the period to be appropriated | 9905 | €17,486 | €60,273 | +€42,786 | +245% |
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 18 October 2026 via checked.be.