OLMEPHAR: 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.
OLMEPHAR
Largest movements
- Cash -€55,802
down €55,802 (-58.4%), from €95,495 to €39,693
mainly Contributions, distributions and other (-€100,000) and Debts after one year (-€36,989)
- Receivables within one year +€25,193
up €25,193 (+188%), from €13,423 to €38,616
of which Other amounts receivable: +€35,386
- Debts after one year -€36,989
down €36,989 (-22.5%), from €164,562 to €127,573
- Tax, wage and social debts +€11,065
up €11,065 (+199%), from €5,560 to €16,625
- Reserves -€10,272
down €10,272 (-3.6%), from €287,795 to €277,523
- Financial income +€48,633
up €48,633 (+469%), from €10,367 to €59,000
- Gross operating margin -€17,986
down €17,986 (-26.3%), from €68,298 to €50,312
- Taxes -€10,226
down €10,226 (-48.4%), from €21,135 to €10,909
- Financial charges +€2,601
up €2,601 (+44.7%), from €5,822 to €8,423
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 | €693,324 | €659,047 | -€34,277 | -4.9% |
| Fixed assets | 21/28 | €578,953 | €578,953 | = | 0.0% |
| Financial fixed assets | 28 | €578,953 | €578,953 | = | 0.0% |
| Current assets | 29/58 | €114,371 | €80,094 | -€34,277 | -30.0% |
| Amounts receivable within one year | 40/41 | €13,423 | €38,616 | +€25,193 | +188% |
| Trade receivables | 40 | €12,513 | €2,320 | -€10,193 | -81.5% |
| Other amounts receivable | 41 | €910 | €36,296 | +€35,386 | +3,888% |
| Cash at bank and in hand | 54/58 | €95,495 | €39,693 | -€55,802 | -58.4% |
| Deferred charges and accrued income | 490/1 | €5,453 | €1,785 | -€3,668 | -67.3% |
| Total equity and liabilities | 10/49 | €693,324 | €659,047 | -€34,277 | -4.9% |
| Equity | 10/15 | €306,345 | €296,073 | -€10,272 | -3.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €287,795 | €277,523 | -€10,272 | -3.6% |
| Distributable reserves | 133 | €287,795 | €277,523 | -€10,272 | -3.6% |
| Amounts payable | 17/49 | €386,979 | €362,974 | -€24,005 | -6.2% |
| Amounts payable after more than one year | 17 | €164,562 | €127,573 | -€36,989 | -22.5% |
| Financial debts | 170/4 | €164,562 | €127,573 | -€36,989 | -22.5% |
| Amounts payable within one year | 42/48 | €221,170 | €231,609 | +€10,438 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €38,496 | €36,989 | -€1,507 | -3.9% |
| Financial debts | 43 | €4,082 | - | -€4,082 | |
| Credit institutions | 430/8 | €4,082 | - | -€4,082 | |
| Trade debts | 44 | €30 | - | -€30 | |
| Suppliers | 440/4 | €30 | - | -€30 | |
| Taxes, remuneration and social security | 45 | €5,560 | €16,625 | +€11,065 | +199% |
| Taxes | 450/3 | €5,560 | €16,625 | +€11,065 | +199% |
| Other amounts payable | 47/48 | €173,003 | €177,995 | +€4,992 | +2.9% |
| Accrued charges and deferred income | 492/3 | €1,247 | €3,792 | +€2,545 | +204% |
| Other operating charges | 640/8 | €590 | €252 | -€339 | -57.4% |
| Gross operating margin | 9900 | €68,298 | €50,312 | -€17,986 | -26.3% |
| Operating profit (loss) | 9901 | €67,708 | €50,060 | -€17,647 | -26.1% |
| Financial income | 75/76B | €10,367 | €59,000 | +€48,633 | +469% |
| Recurring financial income | 75 | €10,367 | €59,000 | +€48,633 | +469% |
| Financial charges | 65/66B | €5,822 | €8,423 | +€2,601 | +44.7% |
| Recurring financial charges | 65 | €5,822 | €8,423 | +€2,601 | +44.7% |
| Profit (loss) for the period before taxes | 9903 | €72,253 | €100,637 | +€28,384 | +39.3% |
| Income taxes | 67/77 | €21,135 | €10,909 | -€10,226 | -48.4% |
| Profit (loss) for the period | 9904 | €51,118 | €89,728 | +€38,610 | +75.5% |
| Profit (loss) for the period to be appropriated | 9905 | €51,118 | €89,728 | +€38,610 | +75.5% |
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.