Olivier REMELS: 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 REMELS
Largest movements
- Cash +€724
up €724 (+634.2%), from €114 to €838
mainly Other debts (+€6,950) and Receivables within one year (+€495)
- Receivables within one year -€495
down €495 (-73.6%), from €672 to €178
- Tangible fixed assets -€454
down €454 (-38.6%), from €1,175 to €721
- Profit (loss) carried forward -€7,175
down €7,175 (-12.7%), from -€56,459 to -€63,633
- Other debts +€6,950
up €6,950 (+13.8%), from €50,360 to €57,310
- Gross operating margin -€1,205
down €1,205 (-22.0%), from -€5,473 to -€6,678
- Depreciation +€267
up €267 (+143.3%), from €187 to €454
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 | €1,962 | €1,737 | -€225 | -11.5% |
| Fixed assets | 21/28 | €1,175 | €721 | -€454 | -38.6% |
| Tangible fixed assets | 22/27 | €1,175 | €721 | -€454 | -38.6% |
| Furniture and vehicles | 24 | €1,175 | €721 | -€454 | -38.6% |
| Current assets | 29/58 | €786 | €1,015 | +€229 | +29.1% |
| Amounts receivable within one year | 40/41 | €672 | €178 | -€495 | -73.6% |
| Other amounts receivable | 41 | €672 | €178 | -€495 | -73.6% |
| Cash at bank and in hand | 54/58 | €114 | €838 | +€724 | +634.2% |
| Total equity and liabilities | 10/49 | €1,962 | €1,737 | -€225 | -11.5% |
| Equity | 10/15 | -€48,399 | -€55,573 | -€7,175 | -14.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €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% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,459 | -€63,633 | -€7,175 | -12.7% |
| Amounts payable | 17/49 | €50,360 | €57,310 | +€6,950 | +13.8% |
| Amounts payable within one year | 42/48 | €50,360 | €57,310 | +€6,950 | +13.8% |
| Other amounts payable | 47/48 | €50,360 | €57,310 | +€6,950 | +13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €187 | €454 | +€267 | +143.3% |
| Gross operating margin | 9900 | -€5,473 | -€6,678 | -€1,205 | -22.0% |
| Operating profit (loss) | 9901 | -€5,660 | -€7,132 | -€1,472 | -26.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €40 | €43 | +€3 | +7.8% |
| Recurring financial charges | 65 | €40 | €43 | +€3 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,699 | -€7,175 | -€1,475 | -25.9% |
| Profit (loss) for the period | 9904 | -€5,699 | -€7,175 | -€1,475 | -25.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,699 | -€7,175 | -€1,475 | -25.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.