Olka: 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.
Olka
Largest movements
- Stocks and contracts -€527,626
down €527,626 (-79.6%), from €662,760 to €135,134
- Cash +€175,112
up €175,112 (+7,141%), from €2,452 to €177,564
mainly Stocks and contracts (+€527,626) and Current portion of long-term debt (+€175,898)
- Deferred charges and accrued income +€9,904
up €9,904 (+733%), from €1,351 to €11,255
- Debts after one year -€316,128
down €316,128 (-59.4%), from €532,171 to €216,043
of which Financial debts: -€161,128
- Other debts -€196,958
down €196,958 (-85.6%), from €230,216 to €33,259
- Current portion of long-term debt +€175,898
up €175,898 (+3,431%), from €5,126 to €181,025
- Trade debts -€25,114
down €25,114 (-71.1%), from €35,297 to €10,184
- Profit (loss) carried forward +€24,885
up €24,885 (+17.0%), from -€146,073 to -€121,188
- Gross operating margin +€102,491
up €102,491, from -€45,846 to €56,644
- Financial charges +€7,486
up €7,486 (+1,859%), from €403 to €7,889
- Staff costs +€5,405
up €5,405 (+38.5%), from €14,040 to €19,445
- Other operating charges -€1,280
down €1,280 (-23.5%), from €5,437 to €4,157
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 | €668,835 | €331,000 | -€337,836 | -50.5% |
| Fixed assets | 21/28 | €2,111 | €1,542 | -€569 | -27.0% |
| Tangible fixed assets | 22/27 | €2,111 | €1,542 | -€569 | -27.0% |
| Plant, machinery and equipment | 23 | €1,448 | €1,044 | -€404 | -27.9% |
| Furniture and vehicles | 24 | €664 | €498 | -€165 | -24.9% |
| Current assets | 29/58 | €666,724 | €329,458 | -€337,267 | -50.6% |
| Stocks and contracts in progress | 3 | €662,760 | €135,134 | -€527,626 | -79.6% |
| Stocks | 30/36 | €662,760 | €135,134 | -€527,626 | -79.6% |
| Amounts receivable within one year | 40/41 | €161 | €5,505 | +€5,343 | +3,317% |
| Trade receivables | 40 | - | €361 | +€361 | |
| Other amounts receivable | 41 | €161 | €5,143 | +€4,982 | +3,093% |
| Cash at bank and in hand | 54/58 | €2,452 | €177,564 | +€175,112 | +7,141% |
| Deferred charges and accrued income | 490/1 | €1,351 | €11,255 | +€9,904 | +733% |
| Total equity and liabilities | 10/49 | €668,835 | €331,000 | -€337,836 | -50.5% |
| Equity | 10/15 | -€136,073 | -€111,188 | +€24,885 | +18.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€146,073 | -€121,188 | +€24,885 | +17.0% |
| Amounts payable | 17/49 | €804,908 | €442,188 | -€362,720 | -45.1% |
| Amounts payable after more than one year | 17 | €532,171 | €216,043 | -€316,128 | -59.4% |
| Financial debts | 170/4 | €177,171 | €16,043 | -€161,128 | -90.9% |
| Other amounts payable | 178/9 | €355,000 | €200,000 | -€155,000 | -43.7% |
| Amounts payable within one year | 42/48 | €272,737 | €226,144 | -€46,593 | -17.1% |
| Current portion of amounts payable after more than one year | 42 | €5,126 | €181,025 | +€175,898 | +3,431% |
| Trade debts | 44 | €35,297 | €10,184 | -€25,114 | -71.1% |
| Suppliers | 440/4 | €35,297 | €10,184 | -€25,114 | -71.1% |
| Taxes, remuneration and social security | 45 | €2,097 | €1,677 | -€420 | -20.0% |
| Taxes | 450/3 | €265 | €70 | -€194 | -73.4% |
| Remuneration and social security | 454/9 | €1,832 | €1,607 | -€225 | -12.3% |
| Other amounts payable | 47/48 | €230,216 | €33,259 | -€196,958 | -85.6% |
| Remuneration, social security and pensions | 62 | €14,040 | €19,445 | +€5,405 | +38.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €566 | €569 | +€3 | +0.6% |
| Other operating charges | 640/8 | €5,437 | €4,157 | -€1,280 | -23.5% |
| Gross operating margin | 9900 | -€45,846 | €56,644 | +€102,491 | |
| Operating profit (loss) | 9901 | -€65,890 | €32,473 | +€98,363 | |
| Financial income | 75/76B | €4 | €300 | +€296 | +7,795% |
| Recurring financial income | 75 | €4 | €300 | +€296 | +7,795% |
| Financial charges | 65/66B | €403 | €7,889 | +€7,486 | +1,859% |
| Recurring financial charges | 65 | €403 | €7,889 | +€7,486 | +1,859% |
| Profit (loss) for the period before taxes | 9903 | -€66,289 | €24,885 | +€91,173 | |
| Profit (loss) for the period | 9904 | -€66,289 | €24,885 | +€91,173 | |
| Profit (loss) for the period to be appropriated | 9905 | -€66,289 | €24,885 | +€91,173 |
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 24 October 2026 via checked.be.