OLPEX: 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.
OLPEX
Largest movements
- Receivables within one year -€12,744
down €12,744 (-22.2%), from €57,335 to €44,590
of which Trade receivables: -€13,934
- Cash -€4,311
down €4,311 (-36.5%), from €11,797 to €7,486
mainly Advances received (-€6,397) and Investment in fixed assets (net) (-€6,000)
- Tangible fixed assets +€2,544
up €2,544 (+100%), from €2,542 to €5,086
- Deferred charges and accrued income -€1,333
down €1,333 (-82.8%), from €1,610 to €277
- Advances received -€6,397
no longer reported in 2025 (was €6,397)
- Other debts -€5,000
down €5,000 (-50.4%), from €9,920 to €4,920
- Trade debts -€3,368
down €3,368 (-17.1%), from €19,716 to €16,348
- Tax, wage and social debts -€2,109
down €2,109 (-70.6%), from €2,989 to €880
- Profit (loss) carried forward +€1,030
up €1,030 (+3.1%), from €33,236 to €34,266
- Gross operating margin -€11,425
down €11,425 (-60.3%), from €18,944 to €7,519
- Depreciation +€2,202
up €2,202 (+176%), from €1,254 to €3,457
- Other operating charges -€733
down €733 (-63.4%), from €1,157 to €424
- Financial income -€653
down €653 (-97.7%), from €669 to €16
- Taxes -€429
down €429 (-16.3%), from €2,631 to €2,202
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 | €73,284 | €57,439 | -€15,844 | -21.6% |
| Fixed assets | 21/28 | €2,542 | €5,086 | +€2,544 | +100% |
| Tangible fixed assets | 22/27 | €2,542 | €5,086 | +€2,544 | +100% |
| Furniture and vehicles | 24 | €2,542 | €5,086 | +€2,544 | +100% |
| Current assets | 29/58 | €70,742 | €52,354 | -€18,388 | -26.0% |
| Amounts receivable within one year | 40/41 | €57,335 | €44,590 | -€12,744 | -22.2% |
| Trade receivables | 40 | €44,853 | €30,919 | -€13,934 | -31.1% |
| Other amounts receivable | 41 | €12,482 | €13,671 | +€1,190 | +9.5% |
| Cash at bank and in hand | 54/58 | €11,797 | €7,486 | -€4,311 | -36.5% |
| Deferred charges and accrued income | 490/1 | €1,610 | €277 | -€1,333 | -82.8% |
| Total equity and liabilities | 10/49 | €73,284 | €57,439 | -€15,844 | -21.6% |
| Equity | 10/15 | €34,236 | €35,266 | +€1,030 | +3.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,236 | €34,266 | +€1,030 | +3.1% |
| Amounts payable | 17/49 | €39,047 | €22,173 | -€16,874 | -43.2% |
| Amounts payable within one year | 42/48 | €39,023 | €22,148 | -€16,874 | -43.2% |
| Trade debts | 44 | €19,716 | €16,348 | -€3,368 | -17.1% |
| Suppliers | 440/4 | €19,716 | €16,348 | -€3,368 | -17.1% |
| Advances received on contracts in progress | 46 | €6,397 | - | -€6,397 | |
| Taxes, remuneration and social security | 45 | €2,989 | €880 | -€2,109 | -70.6% |
| Taxes | 450/3 | €2,989 | €880 | -€2,109 | -70.6% |
| Other amounts payable | 47/48 | €9,920 | €4,920 | -€5,000 | -50.4% |
| Accrued charges and deferred income | 492/3 | €25 | €25 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,254 | €3,457 | +€2,202 | +176% |
| Other operating charges | 640/8 | €1,157 | €424 | -€733 | -63.4% |
| Non-recurring operating charges | 66A | €18,843 | - | -€18,843 | |
| Gross operating margin | 9900 | €18,944 | €7,519 | -€11,425 | -60.3% |
| Operating profit (loss) | 9901 | -€2,311 | €3,639 | +€5,950 | |
| Financial income | 75/76B | €669 | €16 | -€653 | -97.7% |
| Recurring financial income | 75 | €669 | €16 | -€653 | -97.7% |
| Financial charges | 65/66B | €388 | €422 | +€35 | +8.9% |
| Recurring financial charges | 65 | €388 | €422 | +€35 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | -€2,030 | €3,232 | +€5,262 | |
| Income taxes | 67/77 | €2,631 | €2,202 | -€429 | -16.3% |
| Profit (loss) for the period | 9904 | -€4,660 | €1,030 | +€5,690 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,660 | €1,030 | +€5,690 |
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.