OLIVINO: 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.
OLIVINO
Largest movements
- Tangible fixed assets +€244,143
up €244,143 (+93.2%), from €261,911 to €506,054
of which Land and buildings: +€236,935
- Cash -€85,430
down €85,430 (-77.7%), from €109,996 to €24,566
mainly Investment in fixed assets (net) (-€262,962) and Trade debts (-€16,670)
- Debts after one year +€137,126
up €137,126 (+41.6%), from €330,000 to €467,126
- Reserves +€21,344
up €21,344 (+27.2%), from €78,452 to €99,796
- Trade debts -€16,670
down €16,670 (-38.6%), from €43,194 to €26,524
- Current portion of long-term debt +€7,819
new in 2025: €7,819
- Depreciation -€6,142
down €6,142 (-23.8%), from €25,768 to €19,626
- Financial charges +€4,042
up €4,042 (+5,980%), from €68 to €4,109
- Gross operating margin +€3,858
up €3,858 (+9.1%), from €42,199 to €46,057
- Taxes -€1,420
down €1,420 (-100%), from €1,420 to €0
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 | €506,406 | €654,493 | +€148,087 | +29.2% |
| Fixed assets | 21/28 | €263,792 | €507,129 | +€243,337 | +92.2% |
| Intangible fixed assets | 21 | €1,262 | €455 | -€806 | -63.9% |
| Tangible fixed assets | 22/27 | €261,911 | €506,054 | +€244,143 | +93.2% |
| Land and buildings | 22 | €233,277 | €470,212 | +€236,935 | +102% |
| Plant, machinery and equipment | 23 | €18,907 | €25,117 | +€6,210 | +32.8% |
| Furniture and vehicles | 24 | €9,726 | €10,724 | +€998 | +10.3% |
| Financial fixed assets | 28 | €620 | €620 | = | 0.0% |
| Current assets | 29/58 | €242,614 | €147,364 | -€95,250 | -39.3% |
| Stocks and contracts in progress | 3 | €105,125 | €99,872 | -€5,253 | -5.0% |
| Stocks | 30/36 | €105,125 | €99,872 | -€5,253 | -5.0% |
| Amounts receivable within one year | 40/41 | €26,435 | €21,735 | -€4,700 | -17.8% |
| Trade receivables | 40 | €19,935 | €15,235 | -€4,700 | -23.6% |
| Other amounts receivable | 41 | €6,500 | €6,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €109,996 | €24,566 | -€85,430 | -77.7% |
| Deferred charges and accrued income | 490/1 | €1,058 | €1,191 | +€133 | +12.6% |
| Total equity and liabilities | 10/49 | €506,406 | €654,493 | +€148,087 | +29.2% |
| Equity | 10/15 | €97,052 | €118,396 | +€21,344 | +22.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €78,452 | €99,796 | +€21,344 | +27.2% |
| Distributable reserves | 133 | €78,452 | €99,796 | +€21,344 | +27.2% |
| Amounts payable | 17/49 | €409,354 | €536,098 | +€126,743 | +31.0% |
| Amounts payable after more than one year | 17 | €330,000 | €467,126 | +€137,126 | +41.6% |
| Financial debts | 170/4 | €330,000 | €467,126 | +€137,126 | +41.6% |
| Amounts payable within one year | 42/48 | €79,354 | €68,333 | -€11,021 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | - | €7,819 | +€7,819 | |
| Trade debts | 44 | €43,194 | €26,524 | -€16,670 | -38.6% |
| Suppliers | 440/4 | €43,194 | €26,524 | -€16,670 | -38.6% |
| Taxes, remuneration and social security | 45 | €8,991 | €8,705 | -€285 | -3.2% |
| Taxes | 450/3 | €8,991 | €8,705 | -€285 | -3.2% |
| Other amounts payable | 47/48 | €27,170 | €25,285 | -€1,885 | -6.9% |
| Accrued charges and deferred income | 492/3 | - | €639 | +€639 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,768 | €19,626 | -€6,142 | -23.8% |
| Other operating charges | 640/8 | €580 | €1,032 | +€452 | +77.9% |
| Gross operating margin | 9900 | €42,199 | €46,057 | +€3,858 | +9.1% |
| Operating profit (loss) | 9901 | €15,850 | €25,399 | +€9,549 | +60.2% |
| Financial income | 75/76B | €1 | €54 | +€53 | +6,465% |
| Recurring financial income | 75 | €1 | €54 | +€53 | +6,465% |
| Financial charges | 65/66B | €68 | €4,109 | +€4,042 | +5,980% |
| Recurring financial charges | 65 | €68 | €4,109 | +€4,042 | +5,980% |
| Profit (loss) for the period before taxes | 9903 | €15,784 | €21,344 | +€5,560 | +35.2% |
| Income taxes | 67/77 | €1,420 | €0 | -€1,420 | -100% |
| Profit (loss) for the period | 9904 | €14,364 | €21,344 | +€6,980 | +48.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,364 | €21,344 | +€6,980 | +48.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.