OLM Development: 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.
OLM Development
Largest movements
- Tangible fixed assets -€71,800
down €71,800 (-3.4%), from €2.1m to €2.0m
of which Land and buildings: -€69,767
- Cash +€31,325
up €31,325 (+27.7%), from €113,125 to €144,450
mainly Depreciation (+€71,800) and Net result for the year (+€39,935)
- Short-term financial debts -€91,375
down €91,375 (-4.9%), from €1.9m to €1.8m
- Profit (loss) carried forward +€39,935
up €39,935 (+14.0%), from -€284,342 to -€244,407
- Gross operating margin +€6,517
up €6,517 (+4.5%), from €145,032 to €151,549
- Depreciation -€2,345
down €2,345 (-3.2%), from €74,145 to €71,800
- Financial charges -€1,920
down €1,920 (-4.6%), from €41,593 to €39,673
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 | €2,260,061 | €2,212,160 | -€47,901 | -2.1% |
| Fixed assets | 21/28 | €2,103,994 | €2,032,194 | -€71,800 | -3.4% |
| Tangible fixed assets | 22/27 | €2,103,994 | €2,032,194 | -€71,800 | -3.4% |
| Land and buildings | 22 | €2,100,946 | €2,031,179 | -€69,767 | -3.3% |
| Plant, machinery and equipment | 23 | €817 | €717 | -€101 | -12.3% |
| Furniture and vehicles | 24 | €2,231 | €298 | -€1,933 | -86.6% |
| Current assets | 29/58 | €156,067 | €179,967 | +€23,899 | +15.3% |
| Amounts receivable within one year | 40/41 | €31,000 | €31,000 | = | 0.0% |
| Trade receivables | 40 | €31,000 | €31,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €113,125 | €144,450 | +€31,325 | +27.7% |
| Deferred charges and accrued income | 490/1 | €11,942 | €4,517 | -€7,425 | -62.2% |
| Total equity and liabilities | 10/49 | €2,260,061 | €2,212,160 | -€47,901 | -2.1% |
| Equity | 10/15 | -€234,342 | -€194,407 | +€39,935 | +17.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Capital | 10 | €50,000 | €50,000 | = | 0.0% |
| Issued capital | 100 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€284,342 | -€244,407 | +€39,935 | +14.0% |
| Amounts payable | 17/49 | €2,494,403 | €2,406,568 | -€87,835 | -3.5% |
| Amounts payable after more than one year | 17 | €28,000 | €28,000 | = | 0.0% |
| Other amounts payable | 178/9 | €28,000 | €28,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,434,057 | €2,342,274 | -€91,783 | -3.8% |
| Financial debts | 43 | €1,883,497 | €1,792,123 | -€91,375 | -4.9% |
| Credit institutions | 430/8 | €1,883,497 | €1,792,123 | -€91,375 | -4.9% |
| Trade debts | 44 | €559 | €151 | -€408 | -72.9% |
| Suppliers | 440/4 | €559 | €151 | -€408 | -72.9% |
| Other amounts payable | 47/48 | €550,000 | €550,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €32,346 | €36,294 | +€3,947 | +12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,145 | €71,800 | -€2,345 | -3.2% |
| Other operating charges | 640/8 | €127 | €141 | +€14 | +11.3% |
| Gross operating margin | 9900 | €145,032 | €151,549 | +€6,517 | +4.5% |
| Operating profit (loss) | 9901 | €70,760 | €79,608 | +€8,848 | +12.5% |
| Financial charges | 65/66B | €41,593 | €39,673 | -€1,920 | -4.6% |
| Recurring financial charges | 65 | €41,593 | €39,673 | -€1,920 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €29,167 | €39,935 | +€10,768 | +36.9% |
| Profit (loss) for the period | 9904 | €29,167 | €39,935 | +€10,768 | +36.9% |
| Profit (loss) for the period to be appropriated | 9905 | €29,167 | €39,935 | +€10,768 | +36.9% |
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 10 October 2026 via checked.be.