OLMA: what changed
Two fiscal 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.
OLMA
Largest movements
- Cash +€180,662
up €180,662 (+157.9%), from €114,390 to €295,052
mainly Net result for the year (+€205,516) and Depreciation (+€28,916)
- Receivables within one year +€27,944
up €27,944 (+43.8%), from €63,740 to €91,685
of which Trade receivables: +€30,598
- Tangible fixed assets -€14,647
down €14,647 (-4.1%), from €359,287 to €344,640
of which Furniture and vehicles: -€14,426
- Receivables after one year +€13,565
up €13,565 (+32.7%), from €41,435 to €55,000
- Financial fixed assets -€9,300
no longer reported in 2025 (was €9,300)
- Reserves +€205,516
up €205,516 (+68.4%), from €300,623 to €506,139
- Tax, wage and social debts +€21,326
up €21,326 (+105.0%), from €20,308 to €41,634
- Debts after one year -€17,794
down €17,794 (-8.6%), from €207,672 to €189,878
- Other debts -€8,934
down €8,934 (-27.0%), from €33,134 to €24,200
- Financial income +€140,537
up €140,537 (+10030.7%), from €1,401 to €141,938
- Gross operating margin +€19,998
up €19,998 (+16.2%), from €123,320 to €143,318
- Taxes +€15,023
up €15,023 (+49.5%), from €30,332 to €45,355
- Depreciation +€11,912
up €11,912 (+70.1%), from €17,004 to €28,916
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 | €588,614 | €787,246 | +€198,632 | +33.7% |
| Fixed assets | 21/28 | €368,587 | €344,640 | -€23,947 | -6.5% |
| Tangible fixed assets | 22/27 | €359,287 | €344,640 | -€14,647 | -4.1% |
| Land and buildings | 22 | €298,296 | €298,392 | +€96 | 0.0% |
| Furniture and vehicles | 24 | €56,861 | €42,435 | -€14,426 | -25.4% |
| Other tangible fixed assets | 26 | €4,131 | €3,813 | -€318 | -7.7% |
| Financial fixed assets | 28 | €9,300 | - | -€9,300 | |
| Current assets | 29/58 | €220,027 | €442,606 | +€222,579 | +101.2% |
| Amounts receivable after more than one year | 29 | €41,435 | €55,000 | +€13,565 | +32.7% |
| Other amounts receivable | 291 | €41,435 | €55,000 | +€13,565 | +32.7% |
| Amounts receivable within one year | 40/41 | €63,740 | €91,685 | +€27,944 | +43.8% |
| Trade receivables | 40 | €54,450 | €85,048 | +€30,598 | +56.2% |
| Other amounts receivable | 41 | €9,290 | €6,636 | -€2,654 | -28.6% |
| Cash at bank and in hand | 54/58 | €114,390 | €295,052 | +€180,662 | +157.9% |
| Deferred charges and accrued income | 490/1 | €461 | €869 | +€408 | +88.6% |
| Total equity and liabilities | 10/49 | €588,614 | €787,246 | +€198,632 | +33.7% |
| Equity | 10/15 | €300,623 | €506,139 | +€205,516 | +68.4% |
| Reserves | 13 | €300,623 | €506,139 | +€205,516 | +68.4% |
| Distributable reserves | 133 | €300,623 | €506,139 | +€205,516 | +68.4% |
| Amounts payable | 17/49 | €287,991 | €281,107 | -€6,884 | -2.4% |
| Amounts payable after more than one year | 17 | €207,672 | €189,878 | -€17,794 | -8.6% |
| Financial debts | 170/4 | €207,672 | €189,878 | -€17,794 | -8.6% |
| Amounts payable within one year | 42/48 | €79,318 | €91,229 | +€11,912 | +15.0% |
| Current portion of amounts payable after more than one year | 42 | €24,751 | €17,794 | -€6,957 | -28.1% |
| Trade debts | 44 | €1,124 | €7,601 | +€6,477 | +576.2% |
| Suppliers | 440/4 | €1,124 | €7,601 | +€6,477 | +576.2% |
| Taxes, remuneration and social security | 45 | €20,308 | €41,634 | +€21,326 | +105.0% |
| Taxes | 450/3 | €20,308 | €41,634 | +€21,326 | +105.0% |
| Other amounts payable | 47/48 | €33,134 | €24,200 | -€8,934 | -27.0% |
| Accrued charges and deferred income | 492/3 | €1,001 | - | -€1,001 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,004 | €28,916 | +€11,912 | +70.1% |
| Other operating charges | 640/8 | €874 | €916 | +€42 | +4.8% |
| Non-recurring operating charges | 66A | €169 | €676 | +€507 | +299.7% |
| Gross operating margin | 9900 | €123,320 | €143,318 | +€19,998 | +16.2% |
| Operating profit (loss) | 9901 | €105,273 | €112,810 | +€7,537 | +7.2% |
| Financial income | 75/76B | €1,401 | €141,938 | +€140,537 | +10030.7% |
| Recurring financial income | 75 | €1,401 | €141,938 | +€140,537 | +10030.7% |
| Financial charges | 65/66B | €4,663 | €3,877 | -€786 | -16.9% |
| Recurring financial charges | 65 | €4,663 | €3,877 | -€786 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | €102,011 | €250,871 | +€148,860 | +145.9% |
| Income taxes | 67/77 | €30,332 | €45,355 | +€15,023 | +49.5% |
| Profit (loss) for the period | 9904 | €71,679 | €205,516 | +€133,837 | +186.7% |
| Profit (loss) for the period to be appropriated | 9905 | €71,679 | €205,516 | +€133,837 | +186.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.