Olsa: what changed
Olsa
Largest movements
- Tangible fixed assets -€13,665
down €13,665 (-13.8%), from €98,837 to €85,172
of which Furniture and vehicles: -€12,808
- Receivables within one year +€9,498
up €9,498 (+351%), from €2,708 to €12,206
of which Other amounts receivable: +€5,699
- Cash +€1,196
up €1,196 (+239%), from €500 to €1,696
mainly Depreciation (+€13,665) and Tax, wage and social debts (+€2,894)
- Debts after one year -€6,299
down €6,299 (-43.5%), from €14,483 to €8,184
- Tax, wage and social debts +€2,894
up €2,894 (+2,664%), from €109 to €3,003
- Profit (loss) carried forward -€1,142
down €1,142 (-6,127%), from -€19 to -€1,161
- Trade debts +€1,112
up €1,112 (+39.2%), from €2,839 to €3,951
- Depreciation +€1,238
up €1,238 (+10.0%), from €12,427 to €13,665
- Other operating charges -€383
down €383 (-35.6%), from €1,078 to €694
- Gross operating margin -€257
down €257 (-1.8%), from €14,476 to €14,220
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €102,831 | €99,608 | -€3,223 | -3.1% |
| Fixed assets | 21/28 | €98,907 | €85,242 | -€13,665 | -13.8% |
| Tangible fixed assets | 22/27 | €98,837 | €85,172 | -€13,665 | -13.8% |
| Plant, machinery and equipment | 23 | €35,991 | €35,134 | -€857 | -2.4% |
| Furniture and vehicles | 24 | €62,846 | €50,038 | -€12,808 | -20.4% |
| Financial fixed assets | 28 | €70 | €70 | = | 0.0% |
| Current assets | 29/58 | €3,923 | €14,365 | +€10,442 | +266% |
| Amounts receivable within one year | 40/41 | €2,708 | €12,206 | +€9,498 | +351% |
| Trade receivables | 40 | €952 | €4,751 | +€3,800 | +399% |
| Other amounts receivable | 41 | €1,756 | €7,455 | +€5,699 | +325% |
| Cash at bank and in hand | 54/58 | €500 | €1,696 | +€1,196 | +239% |
| Deferred charges and accrued income | 490/1 | €716 | €464 | -€252 | -35.2% |
| Total equity and liabilities | 10/49 | €102,831 | €99,608 | -€3,223 | -3.1% |
| Equity | 10/15 | €79,271 | €78,128 | -€1,142 | -1.4% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €44,289 | €44,289 | = | 0.0% |
| Distributable reserves | 133 | €44,289 | €44,289 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19 | -€1,161 | -€1,142 | -6,127% |
| Amounts payable | 17/49 | €23,560 | €21,479 | -€2,081 | -8.8% |
| Amounts payable after more than one year | 17 | €14,483 | €8,184 | -€6,299 | -43.5% |
| Financial debts | 170/4 | €14,483 | €8,184 | -€6,299 | -43.5% |
| Amounts payable within one year | 42/48 | €9,077 | €13,295 | +€4,219 | +46.5% |
| Current portion of amounts payable after more than one year | 42 | €6,087 | €6,299 | +€213 | +3.5% |
| Trade debts | 44 | €2,839 | €3,951 | +€1,112 | +39.2% |
| Suppliers | 440/4 | €2,839 | €3,951 | +€1,112 | +39.2% |
| Taxes, remuneration and social security | 45 | €109 | €3,003 | +€2,894 | +2,664% |
| Taxes | 450/3 | €109 | €3,003 | +€2,894 | +2,664% |
| Other amounts payable | 47/48 | €42 | €42 | = | 0.0% |
| Non-recurring operating income | 76A | €25,064 | - | -€25,064 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,427 | €13,665 | +€1,238 | +10.0% |
| Other operating charges | 640/8 | €1,078 | €694 | -€383 | -35.6% |
| Gross operating margin | 9900 | €14,476 | €14,220 | -€257 | -1.8% |
| Operating profit (loss) | 9901 | €972 | -€139 | -€1,111 | |
| Financial income | 75/76B | €3 | €1 | -€3 | -82.8% |
| Recurring financial income | 75 | €3 | €1 | -€3 | -82.8% |
| Financial charges | 65/66B | €847 | €862 | +€15 | +1.8% |
| Recurring financial charges | 65 | €847 | €862 | +€15 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €128 | -€1,001 | -€1,129 | |
| Income taxes | 67/77 | €146 | €141 | -€5 | -3.6% |
| Profit (loss) for the period | 9904 | -€19 | -€1,142 | -€1,124 | -6,027% |
| Profit (loss) for the period to be appropriated | 9905 | -€19 | -€1,142 | -€1,124 | -6,027% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.