OLSODA: 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.
OLSODA
Largest movements
- Tangible fixed assets +€18,075
up €18,075 (+32.0%), from €56,571 to €74,646
of which Leasing and similar rights: +€44,651
- Cash -€13,252
down €13,252 (-15.6%), from €84,866 to €71,614
mainly Investment in fixed assets (net) (-€50,767) and Contributions, distributions and other (-€39,000)
- Receivables within one year -€4,731
down €4,731 (-44.0%), from €10,749 to €6,018
- Profit (loss) carried forward -€39,000
down €39,000 (-99.1%), from €39,349 to €349
- Reserves +€33,371
up €33,371 (+1,794%), from €1,860 to €35,231
- Other debts -€20,294
down €20,294 (-33.8%), from €60,126 to €39,832
- Debts after one year +€13,039
up €13,039 (+303%), from €4,309 to €17,348
- Current portion of long-term debt +€6,260
up €6,260 (+36.9%), from €16,974 to €23,234
- Depreciation +€6,936
up €6,936 (+26.7%), from €25,976 to €32,912
- Gross operating margin +€5,031
up €5,031 (+6.6%), from €76,656 to €81,687
- Taxes +€4,465
up €4,465 (+34.2%), from €13,065 to €17,530
- Financial income +€3,313
new in 2025: €3,313
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 | €154,011 | €154,304 | +€293 | +0.2% |
| Formation expenses | 20 | €768 | €548 | -€220 | -28.6% |
| Fixed assets | 21/28 | €56,571 | €74,646 | +€18,075 | +32.0% |
| Tangible fixed assets | 22/27 | €56,571 | €74,646 | +€18,075 | +32.0% |
| Plant, machinery and equipment | 23 | €6,761 | €5,107 | -€1,654 | -24.5% |
| Furniture and vehicles | 24 | €49,810 | €24,888 | -€24,922 | -50.0% |
| Leasing and similar rights | 25 | - | €44,651 | +€44,651 | |
| Current assets | 29/58 | €96,672 | €79,110 | -€17,562 | -18.2% |
| Amounts receivable within one year | 40/41 | €10,749 | €6,018 | -€4,731 | -44.0% |
| Trade receivables | 40 | €10,749 | €6,018 | -€4,731 | -44.0% |
| Cash at bank and in hand | 54/58 | €84,866 | €71,614 | -€13,252 | -15.6% |
| Deferred charges and accrued income | 490/1 | €1,057 | €1,478 | +€421 | +39.8% |
| Total equity and liabilities | 10/49 | €154,011 | €154,304 | +€293 | +0.2% |
| Equity | 10/15 | €59,809 | €54,180 | -€5,629 | -9.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €35,231 | +€33,371 | +1,794% |
| Distributable reserves | 133 | €1,860 | €35,231 | +€33,371 | +1,794% |
| Profit (loss) carried forward | 14 | €39,349 | €349 | -€39,000 | -99.1% |
| Amounts payable | 17/49 | €94,202 | €100,124 | +€5,922 | +6.3% |
| Amounts payable after more than one year | 17 | €4,309 | €17,348 | +€13,039 | +303% |
| Financial debts | 170/4 | €4,309 | €17,348 | +€13,039 | +303% |
| Amounts payable within one year | 42/48 | €89,893 | €82,776 | -€7,117 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €16,974 | €23,234 | +€6,260 | +36.9% |
| Trade debts | 44 | €1,508 | €2,314 | +€806 | +53.4% |
| Suppliers | 440/4 | €1,508 | €2,314 | +€806 | +53.4% |
| Taxes, remuneration and social security | 45 | €11,285 | €17,396 | +€6,111 | +54.2% |
| Taxes | 450/3 | €11,285 | €17,396 | +€6,111 | +54.2% |
| Other amounts payable | 47/48 | €60,126 | €39,832 | -€20,294 | -33.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,976 | €32,912 | +€6,936 | +26.7% |
| Other operating charges | 640/8 | €650 | €643 | -€7 | -1.1% |
| Gross operating margin | 9900 | €76,656 | €81,687 | +€5,031 | +6.6% |
| Operating profit (loss) | 9901 | €50,030 | €48,132 | -€1,898 | -3.8% |
| Financial income | 75/76B | - | €3,313 | +€3,313 | |
| Recurring financial income | 75 | - | €3,313 | +€3,313 | |
| Financial charges | 65/66B | €876 | €544 | -€332 | -37.9% |
| Recurring financial charges | 65 | €876 | €544 | -€332 | -37.9% |
| Profit (loss) for the period before taxes | 9903 | €49,154 | €50,901 | +€1,747 | +3.6% |
| Income taxes | 67/77 | €13,065 | €17,530 | +€4,465 | +34.2% |
| Profit (loss) for the period | 9904 | €36,089 | €33,371 | -€2,718 | -7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €36,089 | €33,371 | -€2,718 | -7.5% |
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 13 October 2026 via checked.be.