OLSANO: 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.
OLSANO
Largest movements
- Current investments +€69,957
up €69,957 (+15.0%), from €467,081 to €537,038
- Cash +€42,580
up €42,580 (+44.7%), from €95,315 to €137,895
mainly Other debts (+€133,208) and Net result for the year (+€70,681)
- Receivables within one year -€36,794
down €36,794 (-96.8%), from €38,005 to €1,211
of which Trade receivables: -€36,289
- Receivables after one year -€29,938
no longer reported in 2025 (was €29,938)
- Tangible fixed assets -€12,193
down €12,193 (-12.0%), from €101,531 to €89,338
of which Land and buildings: -€10,444
- Other debts +€133,208
up €133,208 (+618.6%), from €21,533 to €154,741
- Reserves -€93,955
down €93,955 (-25.5%), from €368,021 to €274,066
of which Distributable reserves: -€93,955
- Tax, wage and social debts +€8,854
up €8,854 (+74.9%), from €11,826 to €20,680
- Trade debts -€8,256
down €8,256 (-74.4%), from €11,098 to €2,842
- Gross operating margin -€8,905
down €8,905 (-6.5%), from €136,180 to €127,275
- Taxes -€2,972
down €2,972 (-8.1%), from €36,826 to €33,854
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.
Cash bridge derived
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 | €731,870 | €766,168 | +€34,298 | +4.7% |
| Fixed assets | 21/28 | €101,531 | €90,024 | -€11,507 | -11.3% |
| Tangible fixed assets | 22/27 | €101,531 | €89,338 | -€12,193 | -12.0% |
| Land and buildings | 22 | €93,038 | €82,594 | -€10,444 | -11.2% |
| Furniture and vehicles | 24 | €8,493 | €6,744 | -€1,749 | -20.6% |
| Financial fixed assets | 28 | - | €686 | +€686 | |
| Current assets | 29/58 | €630,339 | €676,145 | +€45,805 | +7.3% |
| Amounts receivable after more than one year | 29 | €29,938 | - | -€29,938 | |
| Other amounts receivable | 291 | €29,938 | - | -€29,938 | |
| Amounts receivable within one year | 40/41 | €38,005 | €1,211 | -€36,794 | -96.8% |
| Trade receivables | 40 | €37,500 | €1,211 | -€36,289 | -96.8% |
| Other amounts receivable | 41 | €505 | - | -€505 | |
| Current investments | 50/53 | €467,081 | €537,038 | +€69,957 | +15.0% |
| Cash at bank and in hand | 54/58 | €95,315 | €137,895 | +€42,580 | +44.7% |
| Total equity and liabilities | 10/49 | €731,870 | €766,168 | +€34,298 | +4.7% |
| Equity | 10/15 | €635,022 | €541,068 | -€93,955 | -14.8% |
| Contributions | 10/11 | €177,583 | €177,583 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Contributions outside capital | 11 | €116,083 | €116,083 | = | 0.0% |
| Share premium | 1100/10 | €116,083 | €116,083 | = | 0.0% |
| Revaluation surpluses | 12 | €89,419 | €89,419 | = | 0.0% |
| Reserves | 13 | €368,021 | €274,066 | -€93,955 | -25.5% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €361,871 | €267,916 | -€93,955 | -26.0% |
| Amounts payable | 17/49 | €96,848 | €225,101 | +€128,253 | +132.4% |
| Amounts payable after more than one year | 17 | €27,392 | €20,748 | -€6,644 | -24.3% |
| Other amounts payable | 178/9 | €27,392 | €20,748 | -€6,644 | -24.3% |
| Amounts payable within one year | 42/48 | €69,456 | €203,263 | +€133,806 | +192.6% |
| Current portion of amounts payable after more than one year | 42 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €11,098 | €2,842 | -€8,256 | -74.4% |
| Suppliers | 440/4 | €11,098 | €2,842 | -€8,256 | -74.4% |
| Taxes, remuneration and social security | 45 | €11,826 | €20,680 | +€8,854 | +74.9% |
| Taxes | 450/3 | €11,826 | €20,680 | +€8,854 | +74.9% |
| Other amounts payable | 47/48 | €21,533 | €154,741 | +€133,208 | +618.6% |
| Accrued charges and deferred income | 492/3 | - | €1,090 | +€1,090 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,787 | €12,193 | -€594 | -4.6% |
| Other operating charges | 640/8 | €13,648 | €14,171 | +€523 | +3.8% |
| Gross operating margin | 9900 | €136,180 | €127,275 | -€8,905 | -6.5% |
| Operating profit (loss) | 9901 | €109,746 | €100,911 | -€8,835 | -8.1% |
| Financial income | 75/76B | €4,952 | €6,198 | +€1,245 | +25.1% |
| Recurring financial income | 75 | €4,952 | €6,198 | +€1,245 | +25.1% |
| Financial charges | 65/66B | €1,924 | €2,574 | +€650 | +33.8% |
| Recurring financial charges | 65 | €1,924 | €2,574 | +€650 | +33.8% |
| Profit (loss) for the period before taxes | 9903 | €112,774 | €104,535 | -€8,240 | -7.3% |
| Income taxes | 67/77 | €36,826 | €33,854 | -€2,972 | -8.1% |
| Profit (loss) for the period | 9904 | €75,948 | €70,681 | -€5,268 | -6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €75,948 | €70,681 | -€5,268 | -6.9% |
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 10 October 2026 via checked.be.