OLO: 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.
OLO
Largest movements
- Stocks and contracts -€158,704
down €158,704 (-32.6%), from €487,251 to €328,547
- Receivables within one year -€32,118
down €32,118 (-56.3%), from €57,094 to €24,976
of which Trade receivables: -€35,409
- Tangible fixed assets -€13,356
down €13,356 (-41.5%), from €32,194 to €18,837
of which Furniture and vehicles: -€7,677
- Cash -€12,250
down €12,250 (-16.2%), from €75,436 to €63,186
mainly Other debts (-€179,658) and Tax, wage and social debts (-€30,373)
- Other debts -€179,658
down €179,658 (-36.6%), from €491,243 to €311,586
- Tax, wage and social debts -€30,373
down €30,373 (-55.5%), from €54,713 to €24,340
of which Taxes: -€21,687
- Trade debts +€10,829
up €10,829 (+34.5%), from €31,380 to €42,209
- Profit (loss) carried forward -€10,057
down €10,057 (-20.8%), from €48,466 to €38,409
- Advances received -€7,490
down €7,490 (-93.7%), from €7,990 to €500
- Staff costs -€60,273
down €60,273 (-35.2%), from €171,447 to €111,174
- Other operating charges -€32,157
down €32,157 (-45.4%), from €70,868 to €38,712
- Taxes -€13,544
down €13,544 (-100%), from €13,544 to €0
- Gross operating margin +€13,032
up €13,032 (+9.1%), from €142,752 to €155,783
- Depreciation -€3,554
down €3,554 (-21.2%), from €16,801 to €13,247
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 | €652,393 | €435,905 | -€216,488 | -33.2% |
| Fixed assets | 21/28 | €32,194 | €18,837 | -€13,356 | -41.5% |
| Tangible fixed assets | 22/27 | €32,194 | €18,837 | -€13,356 | -41.5% |
| Plant, machinery and equipment | 23 | €3,651 | €2,572 | -€1,078 | -29.5% |
| Furniture and vehicles | 24 | €10,101 | €2,424 | -€7,677 | -76.0% |
| Other tangible fixed assets | 26 | €18,442 | €13,841 | -€4,601 | -24.9% |
| Current assets | 29/58 | €620,199 | €417,067 | -€203,132 | -32.8% |
| Stocks and contracts in progress | 3 | €487,251 | €328,547 | -€158,704 | -32.6% |
| Stocks | 30/36 | €487,251 | €328,547 | -€158,704 | -32.6% |
| Amounts receivable within one year | 40/41 | €57,094 | €24,976 | -€32,118 | -56.3% |
| Trade receivables | 40 | €55,019 | €19,610 | -€35,409 | -64.4% |
| Other amounts receivable | 41 | €2,075 | €5,366 | +€3,291 | +159% |
| Cash at bank and in hand | 54/58 | €75,436 | €63,186 | -€12,250 | -16.2% |
| Deferred charges and accrued income | 490/1 | €419 | €359 | -€61 | -14.5% |
| Total equity and liabilities | 10/49 | €652,393 | €435,905 | -€216,488 | -33.2% |
| Equity | 10/15 | €67,066 | €57,009 | -€10,057 | -15.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,466 | €38,409 | -€10,057 | -20.8% |
| Amounts payable | 17/49 | €585,326 | €378,895 | -€206,431 | -35.3% |
| Amounts payable within one year | 42/48 | €585,326 | €378,635 | -€206,692 | -35.3% |
| Trade debts | 44 | €31,380 | €42,209 | +€10,829 | +34.5% |
| Suppliers | 440/4 | €31,380 | €42,209 | +€10,829 | +34.5% |
| Advances received on contracts in progress | 46 | €7,990 | €500 | -€7,490 | -93.7% |
| Taxes, remuneration and social security | 45 | €54,713 | €24,340 | -€30,373 | -55.5% |
| Taxes | 450/3 | €30,432 | €8,745 | -€21,687 | -71.3% |
| Remuneration and social security | 454/9 | €24,282 | €15,595 | -€8,687 | -35.8% |
| Other amounts payable | 47/48 | €491,243 | €311,586 | -€179,658 | -36.6% |
| Accrued charges and deferred income | 492/3 | - | €260 | +€260 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €171,447 | €111,174 | -€60,273 | -35.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,801 | €13,247 | -€3,554 | -21.2% |
| Other operating charges | 640/8 | €70,868 | €38,712 | -€32,157 | -45.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €142,752 | €155,783 | +€13,032 | +9.1% |
| Operating profit (loss) | 9901 | -€116,365 | -€7,349 | +€109,016 | +93.7% |
| Financial income | 75/76B | €0 | €27 | +€27 | |
| Recurring financial income | 75 | €0 | €27 | +€27 | |
| Financial charges | 65/66B | €1,071 | €2,735 | +€1,664 | +155% |
| Recurring financial charges | 65 | €1,071 | €2,735 | +€1,664 | +155% |
| Profit (loss) for the period before taxes | 9903 | -€117,436 | -€10,057 | +€107,379 | +91.4% |
| Income taxes | 67/77 | €13,544 | €0 | -€13,544 | -100% |
| Profit (loss) for the period | 9904 | -€130,980 | -€10,057 | +€120,923 | +92.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€130,980 | -€10,057 | +€120,923 | +92.3% |
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 14 October 2026 via checked.be.