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OLSSON: what changed

Two fiscal 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.

What changed

OLSSON

BE 0881.586.478
NACE 56.220, Contract catering and other food service activities
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€94,804
2023 · -€75,271-€19,533
Equity
€822,654
2023 · €917,458-€94,804
Cash
€200,097
2023 · €122,776+€77,321
Balance sheet total
€830,956
2023 · €925,787-€94,831

Largest movements

2023 to 2024
Assets
  • Financial fixed assets -€300,000

    down €300,000 (-43.7%), from €685,947 to €385,947

  • Receivables after one year +€200,000

    new in 2024: €200,000

  • Cash +€77,321

    up €77,321 (+63.0%), from €122,776 to €200,097

    mainly Investment in fixed assets (net) (+€335,413) and Receivables within one year (+€54,156)

  • Receivables within one year -€54,156

    down €54,156 (-95.1%), from €56,930 to €2,774

  • Tangible fixed assets -€39,780

    down €39,780 (-66.2%), from €60,135 to €20,355

    of which Furniture and vehicles: -€48,484

Equity and liabilities
  • Reserves -€94,804

    down €94,804 (-13.1%), from €725,158 to €630,354

    of which Distributable reserves: -€53,546

Income statement
  • Other operating charges +€16,817

    up €16,817 (+1563.0%), from €1,076 to €17,892

  • Gross operating margin -€3,567

    down €3,567 (-5.3%), from -€66,928 to -€70,495

  • Depreciation -€1,800

    down €1,800 (-29.2%), from €6,167 to €4,366

  • Financial charges +€1,073

    up €1,073 (+345.6%), from €310 to €1,384

From the 2023 result to the 2024 result

effect on the 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.

Result 2023 -€75,271
Gross operating margin -€3,567
Depreciation +€1,800
Other operating charges -€16,817
Financial income -€140
Financial charges -€1,073
Taxes +€263
Result 2024 -€94,804

Cash bridge derived

cash 2023 to 2024

Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.

From operations -€258,092
Investment +€335,413
Financing €0
Cash 2023 €122,776
Net result for the year -€94,804
Depreciation +€4,366
Receivables after one year -€200,000
Receivables within one year +€54,156
Deferred charges and accrued income -€21,783
Trade debts +€5,236
Tax, wage and social debts -€5,264
Investment in fixed assets (net) +€335,413
Cash 2024 €200,097
Every line side by side 41 lines
Line Code 2023 2024 Change %
Total assets 20/58 €925,787 €830,956 -€94,831 -10.2%
Fixed assets 21/28 €746,082 €406,302 -€339,780 -45.5%
Tangible fixed assets 22/27 €60,135 €20,355 -€39,780 -66.2%
Furniture and vehicles 24 €49,624 €1,140 -€48,484 -97.7%
Other tangible fixed assets 26 €10,510 €19,215 +€8,704 +82.8%
Financial fixed assets 28 €685,947 €385,947 -€300,000 -43.7%
Current assets 29/58 €179,705 €424,653 +€244,948 +136.3%
Amounts receivable after more than one year 29 - €200,000 +€200,000
Other amounts receivable 291 - €200,000 +€200,000
Amounts receivable within one year 40/41 €56,930 €2,774 -€54,156 -95.1%
Other amounts receivable 41 €56,930 €2,774 -€54,156 -95.1%
Cash at bank and in hand 54/58 €122,776 €200,097 +€77,321 +63.0%
Deferred charges and accrued income 490/1 - €21,783 +€21,783
Total equity and liabilities 10/49 €925,787 €830,956 -€94,831 -10.2%
Equity 10/15 €917,458 €822,654 -€94,804 -10.3%
Contributions 10/11 €192,300 €192,300 = 0.0%
Reserves 13 €725,158 €630,354 -€94,804 -13.1%
Non-distributable reserves 130/1 €19,230 €19,230 = 0.0%
Reserves not available under the articles 1311 €19,230 €19,230 = 0.0%
Tax-exempt reserves 132 €87,758 €46,500 -€41,258 -47.0%
Distributable reserves 133 €618,170 €564,624 -€53,546 -8.7%
Amounts payable 17/49 €8,329 €8,301 -€28 -0.3%
Amounts payable within one year 42/48 €8,329 €8,301 -€28 -0.3%
Trade debts 44 €1,602 €6,838 +€5,236 +326.8%
Suppliers 440/4 €1,602 €6,838 +€5,236 +326.8%
Taxes, remuneration and social security 45 €6,727 €1,463 -€5,264 -78.3%
Taxes 450/3 €1,603 €1,463 -€140 -8.7%
Remuneration and social security 454/9 €5,124 - -€5,124
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €6,167 €4,366 -€1,800 -29.2%
Other operating charges 640/8 €1,076 €17,892 +€16,817 +1563.0%
Gross operating margin 9900 -€66,928 -€70,495 -€3,567 -5.3%
Operating profit (loss) 9901 -€74,171 -€92,754 -€18,583 -25.1%
Financial income 75/76B €665 €525 -€140 -21.0%
Recurring financial income 75 €665 €525 -€140 -21.0%
Financial charges 65/66B €310 €1,384 +€1,073 +345.6%
Recurring financial charges 65 €310 €1,384 +€1,073 +345.6%
Profit (loss) for the period before taxes 9903 -€73,816 -€93,612 -€19,796 -26.8%
Income taxes 67/77 €1,455 €1,192 -€263 -18.1%
Profit (loss) for the period 9904 -€75,271 -€94,804 -€19,533 -26.0%
Transfer from tax-exempt reserves 789 - €41,258 +€41,258
Profit (loss) for the period to be appropriated 9905 -€75,271 -€53,546 +€21,725 +28.9%

Source: filed annual accounts (NBB), fiscal years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.