OLMARET: 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.
OLMARET
Largest movements
- Receivables within one year +€21,447
up €21,447 (+43.5%), from €49,337 to €70,784
of which Trade receivables: +€21,430
- Tangible fixed assets +€13,863
up €13,863 (+69.2%), from €20,028 to €33,891
of which Other tangible fixed assets: +€12,824
- Other debts +€93,967
up €93,967 (+241%), from €39,010 to €132,977
- Profit (loss) carried forward -€27,500
down €27,500 (-20.4%), from -€134,793 to -€162,293
- Trade debts -€18,129
down €18,129 (-16.9%), from €107,382 to €89,253
- Tax, wage and social debts -€12,579
down €12,579 (-23.5%), from €53,528 to €40,949
of which Remuneration and social security: -€10,987
- Staff costs -€30,392
down €30,392 (-14.6%), from €208,237 to €177,845
- Gross operating margin +€17,495
up €17,495 (+12.0%), from €146,400 to €163,895
- Financial charges +€2,654
up €2,654 (+246%), from €1,078 to €3,732
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €80,127 | €115,886 | +€35,759 | +44.6% |
| Fixed assets | 21/28 | €20,028 | €33,891 | +€13,863 | +69.2% |
| Tangible fixed assets | 22/27 | €20,028 | €33,891 | +€13,863 | +69.2% |
| Plant, machinery and equipment | 23 | €18,167 | €19,207 | +€1,039 | +5.7% |
| Other tangible fixed assets | 26 | €1,860 | €14,684 | +€12,824 | +689% |
| Current assets | 29/58 | €60,099 | €81,995 | +€21,896 | +36.4% |
| Stocks and contracts in progress | 3 | €10,762 | €11,211 | +€449 | +4.2% |
| Stocks | 30/36 | €10,762 | €11,211 | +€449 | +4.2% |
| Amounts receivable within one year | 40/41 | €49,337 | €70,784 | +€21,447 | +43.5% |
| Trade receivables | 40 | €49,297 | €70,727 | +€21,430 | +43.5% |
| Other amounts receivable | 41 | €40 | €57 | +€17 | +42.4% |
| Total equity and liabilities | 10/49 | €80,127 | €115,886 | +€35,759 | +44.6% |
| Equity | 10/15 | -€119,793 | -€147,293 | -€27,500 | -23.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€134,793 | -€162,293 | -€27,500 | -20.4% |
| Amounts payable | 17/49 | €199,920 | €263,179 | +€63,259 | +31.6% |
| Amounts payable within one year | 42/48 | €199,920 | €263,179 | +€63,259 | +31.6% |
| Trade debts | 44 | €107,382 | €89,253 | -€18,129 | -16.9% |
| Suppliers | 440/4 | €107,382 | €89,253 | -€18,129 | -16.9% |
| Taxes, remuneration and social security | 45 | €53,528 | €40,949 | -€12,579 | -23.5% |
| Taxes | 450/3 | €14,673 | €13,081 | -€1,592 | -10.8% |
| Remuneration and social security | 454/9 | €38,855 | €27,868 | -€10,987 | -28.3% |
| Other amounts payable | 47/48 | €39,010 | €132,977 | +€93,967 | +241% |
| Remuneration, social security and pensions | 62 | €208,237 | €177,845 | -€30,392 | -14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,804 | €9,398 | +€1,594 | +20.4% |
| Other operating charges | 640/8 | €216 | €227 | +€11 | +5.2% |
| Gross operating margin | 9900 | €146,400 | €163,895 | +€17,495 | +12.0% |
| Operating profit (loss) | 9901 | -€69,856 | -€23,575 | +€46,282 | +66.3% |
| Financial income | 75/76B | €675 | €0 | -€675 | -100.0% |
| Recurring financial income | 75 | €675 | €0 | -€675 | -100.0% |
| Financial charges | 65/66B | €1,078 | €3,732 | +€2,654 | +246% |
| Recurring financial charges | 65 | €1,078 | €3,732 | +€2,654 | +246% |
| Profit (loss) for the period before taxes | 9903 | -€70,259 | -€27,307 | +€42,952 | +61.1% |
| Income taxes | 67/77 | €160 | €193 | +€33 | +20.6% |
| Profit (loss) for the period | 9904 | -€70,419 | -€27,500 | +€42,919 | +60.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€70,419 | -€27,500 | +€42,919 | +60.9% |
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 19 October 2026 via checked.be.