Oloroso: 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.
Oloroso
Largest movements
- Cash -€1.7m
down €1.7m (-56.8%), from €2.9m to €1.3m
mainly Receivables within one year (-€744,119) and Short-term financial debts (-€639,895)
- Receivables within one year +€744,119
up €744,119 (+48.8%), from €1.5m to €2.3m
of which Trade receivables: +€747,256
- Short-term financial debts -€639,895
down €639,895 (-38.2%), from €1.7m to €1.0m
- Trade debts -€469,052
down €469,052 (-33.2%), from €1.4m to €944,333
- Reserves +€369,333
up €369,333 (+28.0%), from €1.3m to €1.7m
of which Tax-exempt reserves: +€210,500
- Tax, wage and social debts -€231,477
down €231,477 (-52.0%), from €444,929 to €213,453
of which Taxes: -€229,644
- Other debts +€208,466
up €208,466 (+124%), from €168,178 to €376,644
- Write-downs -€518,143
down €518,143, from €245,962 to -€272,181
- Gross operating margin -€448,381
down €448,381 (-28.4%), from €1.6m to €1.1m
- Taxes -€51,925
down €51,925 (-29.2%), from €177,730 to €125,804
- Financial charges -€32,891
down €32,891 (-24.6%), from €133,969 to €101,079
- Depreciation +€29,750
up €29,750 (+17.7%), from €167,934 to €197,683
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 | €7,000,629 | €6,029,266 | -€971,363 | -13.9% |
| Fixed assets | 21/28 | €2,546,382 | €2,488,004 | -€58,378 | -2.3% |
| Tangible fixed assets | 22/27 | €2,523,572 | €2,465,194 | -€58,378 | -2.3% |
| Land and buildings | 22 | €2,374,104 | €2,276,433 | -€97,671 | -4.1% |
| Plant, machinery and equipment | 23 | €4,923 | €8,532 | +€3,609 | +73.3% |
| Furniture and vehicles | 24 | €94,918 | €131,383 | +€36,464 | +38.4% |
| Other tangible fixed assets | 26 | €49,627 | €48,846 | -€781 | -1.6% |
| Financial fixed assets | 28 | €22,810 | €22,810 | = | 0.0% |
| Current assets | 29/58 | €4,454,247 | €3,541,261 | -€912,986 | -20.5% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €1,523,607 | €2,267,726 | +€744,119 | +48.8% |
| Trade receivables | 40 | €1,519,430 | €2,266,686 | +€747,256 | +49.2% |
| Other amounts receivable | 41 | €4,177 | €1,040 | -€3,137 | -75.1% |
| Cash at bank and in hand | 54/58 | €2,930,640 | €1,266,285 | -€1.7m | -56.8% |
| Deferred charges and accrued income | 490/1 | - | €7,250 | +€7,250 | |
| Total equity and liabilities | 10/49 | €7,000,629 | €6,029,266 | -€971,363 | -13.9% |
| Equity | 10/15 | €1,385,945 | €1,755,278 | +€369,333 | +26.6% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €1,320,945 | €1,690,278 | +€369,333 | +28.0% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €210,500 | +€210,500 | |
| Distributable reserves | 133 | €1,314,445 | €1,473,278 | +€158,833 | +12.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €5,614,684 | €4,273,988 | -€1.3m | -23.9% |
| Amounts payable after more than one year | 17 | €1,478,777 | €1,381,304 | -€97,474 | -6.6% |
| Financial debts | 170/4 | €1,478,777 | €1,381,304 | -€97,474 | -6.6% |
| Amounts payable within one year | 42/48 | €4,135,907 | €2,892,684 | -€1.2m | -30.1% |
| Current portion of amounts payable after more than one year | 42 | €227,733 | €216,468 | -€11,264 | -4.9% |
| Financial debts | 43 | €1,677,181 | €1,037,286 | -€639,895 | -38.2% |
| Credit institutions | 430/8 | €1,677,181 | €1,037,286 | -€639,895 | -38.2% |
| Trade debts | 44 | €1,413,386 | €944,333 | -€469,052 | -33.2% |
| Suppliers | 440/4 | €1,413,386 | €944,333 | -€469,052 | -33.2% |
| Advances received on contracts in progress | 46 | €204,500 | €104,500 | -€100,000 | -48.9% |
| Taxes, remuneration and social security | 45 | €444,929 | €213,453 | -€231,477 | -52.0% |
| Taxes | 450/3 | €394,195 | €164,551 | -€229,644 | -58.3% |
| Remuneration and social security | 454/9 | €50,734 | €48,902 | -€1,832 | -3.6% |
| Other amounts payable | 47/48 | €168,178 | €376,644 | +€208,466 | +124% |
| Remuneration, social security and pensions | 62 | €410,777 | €402,699 | -€8,078 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €167,934 | €197,683 | +€29,750 | +17.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €245,962 | -€272,181 | -€518,143 | |
| Other operating charges | 640/8 | €16,777 | €17,232 | +€455 | +2.7% |
| Gross operating margin | 9900 | €1,580,827 | €1,132,446 | -€448,381 | -28.4% |
| Operating profit (loss) | 9901 | €739,377 | €787,013 | +€47,636 | +6.4% |
| Financial income | 75/76B | €3,675 | €9,202 | +€5,527 | +150% |
| Recurring financial income | 75 | €3,675 | €9,202 | +€5,527 | +150% |
| Financial charges | 65/66B | €133,969 | €101,079 | -€32,891 | -24.6% |
| Recurring financial charges | 65 | €133,969 | €101,079 | -€32,891 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | €609,082 | €695,136 | +€86,054 | +14.1% |
| Income taxes | 67/77 | €177,730 | €125,804 | -€51,925 | -29.2% |
| Profit (loss) for the period | 9904 | €431,353 | €569,332 | +€137,979 | +32.0% |
| Transfer to tax-exempt reserves | 689 | - | €210,500 | +€210,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €431,353 | €358,832 | -€72,521 | -16.8% |
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 23 October 2026 via checked.be.