OLLERO: what changed
OLLERO
Largest movements
- Receivables within one year -€21,884
down €21,884 (-44.3%), from €49,377 to €27,493
of which Other amounts receivable: -€19,109
- Current investments -€16,737
down €16,737 (-17.6%), from €95,235 to €78,498
- Cash +€10,479
up €10,479 (+48.7%), from €21,505 to €31,985
mainly Receivables within one year (+€21,884) and Current investments (+€16,737)
- Tangible fixed assets +€2,791
new in 2025: €2,791
- Reserves -€28,788
down €28,788 (-29.1%), from €99,091 to €70,303
- Other debts +€15,079
up €15,079 (+163%), from €9,250 to €24,328
- Debts after one year -€11,559
down €11,559 (-26.4%), from €43,758 to €32,198
- Tax, wage and social debts -€2,233
down €2,233 (-25.2%), from €8,858 to €6,624
- Taxes -€41,915
no longer reported in 2025 (was €41,915)
- Gross operating margin -€30,312
down €30,312, from €1,002 to -€29,311
- Financial income +€1,479
up €1,479 (+54.0%), from €2,738 to €4,217
- Depreciation +€826
new in 2025: €826
- Financial charges +€616
up €616 (+35.6%), from €1,732 to €2,349
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €222,749 | €196,079 | -€26,670 | -12.0% |
| Fixed assets | 21/28 | €54,900 | €57,691 | +€2,791 | +5.1% |
| Tangible fixed assets | 22/27 | - | €2,791 | +€2,791 | |
| Furniture and vehicles | 24 | - | €2,791 | +€2,791 | |
| Financial fixed assets | 28 | €54,900 | €54,900 | = | 0.0% |
| Current assets | 29/58 | €167,849 | €138,388 | -€29,461 | -17.6% |
| Amounts receivable within one year | 40/41 | €49,377 | €27,493 | -€21,884 | -44.3% |
| Trade receivables | 40 | €20,268 | €17,493 | -€2,775 | -13.7% |
| Other amounts receivable | 41 | €29,109 | €10,000 | -€19,109 | -65.6% |
| Current investments | 50/53 | €95,235 | €78,498 | -€16,737 | -17.6% |
| Cash at bank and in hand | 54/58 | €21,505 | €31,985 | +€10,479 | +48.7% |
| Deferred charges and accrued income | 490/1 | €1,732 | €413 | -€1,319 | -76.2% |
| Total equity and liabilities | 10/49 | €222,749 | €196,079 | -€26,670 | -12.0% |
| Equity | 10/15 | €144,091 | €115,303 | -€28,788 | -20.0% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €99,091 | €70,303 | -€28,788 | -29.1% |
| Distributable reserves | 133 | €99,091 | €70,303 | -€28,788 | -29.1% |
| Amounts payable | 17/49 | €78,658 | €80,776 | +€2,118 | +2.7% |
| Amounts payable after more than one year | 17 | €43,758 | €32,198 | -€11,559 | -26.4% |
| Financial debts | 170/4 | €43,758 | €32,198 | -€11,559 | -26.4% |
| Amounts payable within one year | 42/48 | €34,901 | €48,578 | +€13,677 | +39.2% |
| Current portion of amounts payable after more than one year | 42 | €11,095 | €11,559 | +€464 | +4.2% |
| Trade debts | 44 | €5,698 | €6,066 | +€368 | +6.4% |
| Suppliers | 440/4 | €5,698 | €6,066 | +€368 | +6.4% |
| Taxes, remuneration and social security | 45 | €8,858 | €6,624 | -€2,233 | -25.2% |
| Taxes | 450/3 | €8,858 | €6,624 | -€2,233 | -25.2% |
| Other amounts payable | 47/48 | €9,250 | €24,328 | +€15,079 | +163% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €826 | +€826 | |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €1,002 | -€29,311 | -€30,312 | |
| Operating profit (loss) | 9901 | €496 | -€30,656 | -€31,152 | |
| Financial income | 75/76B | €2,738 | €4,217 | +€1,479 | +54.0% |
| Recurring financial income | 75 | €2,738 | €4,217 | +€1,479 | +54.0% |
| Financial charges | 65/66B | €1,732 | €2,349 | +€616 | +35.6% |
| Recurring financial charges | 65 | €1,732 | €2,349 | +€616 | +35.6% |
| Profit (loss) for the period before taxes | 9903 | €1,502 | -€28,788 | -€30,290 | |
| Transfer from deferred taxes | 780 | €43,595 | - | -€43,595 | |
| Income taxes | 67/77 | €41,915 | - | -€41,915 | |
| Profit (loss) for the period | 9904 | €3,182 | -€28,788 | -€31,969 | |
| Transfer from tax-exempt reserves | 789 | €130,784 | - | -€130,784 | |
| Profit (loss) for the period to be appropriated | 9905 | €133,966 | -€28,788 | -€162,754 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.