OLSTE: 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.
What changed
OLSTE
NACE 68.321, Property management for co-owned buildings (syndics)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€7.6m
2024 · €3.1m+€4.4m
Equity
€42.8m
2024 · €37.2m+€5.6m
Cash
€136,454
2024 · €5,713+€130,742
Balance sheet total
€61.4m
2024 · €53.3m+€8.1m
Largest movements
Assets
- Stocks and contracts +€4.1m
up €4.1m (+10.9%), from €37.5m to €41.5m
- Financial fixed assets +€2.3m
up €2.3m (+19.6%), from €11.7m to €14.0m
of which Affiliated companies: +€2.3m
- Receivables within one year +€1.0m
up €1.0m (+116%), from €893,836 to €1.9m
of which Trade receivables: +€1.4m
Equity and liabilities
- Reserves +€5.6m
up €5.6m (+15.5%), from €35.9m to €41.5m
of which Distributable reserves: +€5.6m
- Other debts +€1.6m
up €1.6m (+20.4%), from €7.9m to €9.5m
- Trade debts +€634,947
up €634,947 (+285%), from €222,502 to €857,449
Income statement
- Turnover +€3.0m
up €3.0m (+28.0%), from €10.7m to €13.7m
- Financial income +€2.1m
up €2.1m (+132%), from €1.6m to €3.7m
- Goods and materials -€1.1m
down €1.1m (-18.1%), from €6.2m to €5.1m
of which Change in stocks: decrease (increase): -€9.5m
- Taxes +€899,026
up €899,026 (+133%), from €677,886 to €1.6m
- Services and other goods +€862,773
up €862,773 (+71.3%), from €1.2m to €2.1m
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.
Result 2024
€3.1m
Turnover
+€3.0m
Other operating income
-€118,150
Goods and materials
+€1.1m
Services and other goods
-€862,773
Staff costs
-€95,447
Depreciation
+€1,869
Other operating charges
+€8,509
Other operating items
-€3,961
Financial income
+€2.1m
Financial charges
+€227,966
Taxes
-€899,026
Result 2025
€7.6m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€4.7m
Investment
-€2.5m
Financing
-€2.1m
Cash 2024
€5,713
From operations (derived)
+€4.7m
Net result for the year
+€7.6m
Depreciation
+€189,292
Receivables after one year
-€548,940
Stocks and contracts
-€4.1m
Receivables within one year
-€1.0m
Deferred charges and accrued income
-€21,059
Trade debts
+€634,947
Tax, wage and social debts
+€379,897
Smaller working-capital items
-€3,376
Other debts
+€1.6m
Investment (derived)
-€2.5m
Investment in fixed assets (net)
-€2.5m
Financing
-€2.1m
Debts after one year
-€94,548
Current portion of long-term debt
+€2,276
Contributions, distributions and other
-€2.0m
Cash 2025
€136,454
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €53,294,540 | €61,390,879 | +€8.1m | +15.2% |
| Formation expenses | 20 | €352 | €1 | -€351 | -99.7% |
| Fixed assets | 21/28 | €14,858,202 | €17,149,949 | +€2.3m | +15.4% |
| Intangible fixed assets | 21 | €18,899 | €4,933 | -€13,966 | -73.9% |
| Tangible fixed assets | 22/27 | €3,172,569 | €3,189,543 | +€16,974 | +0.5% |
| Land and buildings | 22 | €3,011,271 | €2,899,994 | -€111,277 | -3.7% |
| Furniture and vehicles | 24 | €161,298 | €289,549 | +€128,251 | +79.5% |
| Financial fixed assets | 28 | €11,666,735 | €13,955,474 | +€2.3m | +19.6% |
| Affiliated companies | 280/1 | €11,661,949 | €13,950,923 | +€2.3m | +19.6% |
| Participating interests | 280 | €2,442,917 | €2,535,917 | +€93,000 | +3.8% |
| Amounts receivable | 281 | €9,219,032 | €11,415,006 | +€2.2m | +23.8% |
| Other financial fixed assets | 284/8 | €4,786 | €4,550 | -€235 | -4.9% |
| Amounts receivable and cash guarantees | 285/8 | €4,786 | €4,550 | -€235 | -4.9% |
| Current assets | 29/58 | €38,435,986 | €44,240,929 | +€5.8m | +15.1% |
| Amounts receivable after more than one year | 29 | - | €548,940 | +€548,940 | |
| Trade receivables | 290 | - | €548,940 | +€548,940 | |
| Stocks and contracts in progress | 3 | €37,460,628 | €41,527,375 | +€4.1m | +10.9% |
| Stocks | 30/36 | €37,460,628 | €41,527,375 | +€4.1m | +10.9% |
| Property held for sale | 35 | €37,460,628 | €41,527,375 | +€4.1m | +10.9% |
| Amounts receivable within one year | 40/41 | €893,836 | €1,931,292 | +€1.0m | +116% |
| Trade receivables | 40 | €448,919 | €1,878,716 | +€1.4m | +318% |
| Other amounts receivable | 41 | €444,918 | €52,575 | -€392,342 | -88.2% |
| Cash at bank and in hand | 54/58 | €5,713 | €136,454 | +€130,742 | +2,289% |
| Deferred charges and accrued income | 490/1 | €75,809 | €96,867 | +€21,059 | +27.8% |
| Total equity and liabilities | 10/49 | €53,294,540 | €61,390,879 | +€8.1m | +15.2% |
| Equity | 10/15 | €37,203,016 | €42,762,920 | +€5.6m | +14.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Revaluation surpluses | 12 | €1,209,275 | €1,209,275 | = | 0.0% |
| Reserves | 13 | €35,932,241 | €41,492,145 | +€5.6m | +15.5% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €35,926,091 | €41,485,995 | +€5.6m | +15.5% |
| Amounts payable | 17/49 | €16,091,524 | €18,627,959 | +€2.5m | +15.8% |
| Amounts payable after more than one year | 17 | €7,720,636 | €7,626,088 | -€94,548 | -1.2% |
| Financial debts | 170/4 | €7,720,636 | €7,626,088 | -€94,548 | -1.2% |
| Credit institutions | 173 | €7,639,136 | €7,545,088 | -€94,048 | -1.2% |
| Other loans | 174 | €81,500 | €81,000 | -€500 | -0.6% |
| Amounts payable within one year | 42/48 | €8,346,769 | €10,970,440 | +€2.6m | +31.4% |
| Current portion of amounts payable after more than one year | 42 | €111,772 | €114,048 | +€2,276 | +2.0% |
| Trade debts | 44 | €222,502 | €857,449 | +€634,947 | +285% |
| Suppliers | 440/4 | €222,502 | €857,449 | +€634,947 | +285% |
| Advances received on contracts in progress | 46 | €27,685 | €16,996 | -€10,689 | -38.6% |
| Taxes, remuneration and social security | 45 | €57,641 | €437,538 | +€379,897 | +659% |
| Taxes | 450/3 | €4,299 | €399,786 | +€395,487 | +9,199% |
| Remuneration and social security | 454/9 | €53,341 | €37,752 | -€15,590 | -29.2% |
| Other amounts payable | 47/48 | €7,927,170 | €9,544,409 | +€1.6m | +20.4% |
| Accrued charges and deferred income | 492/3 | €24,119 | €31,431 | +€7,312 | +30.3% |
| Operating income | 70/76A | €10,868,645 | €13,730,681 | +€2.9m | +26.3% |
| Turnover | 70 | €10,666,741 | €13,653,695 | +€3.0m | +28.0% |
| Other operating income | 74 | €195,136 | €76,986 | -€118,150 | -60.5% |
| Non-recurring operating income | 76A | €6,768 | - | -€6,768 | |
| Operating charges | 60/66A | €8,011,170 | €7,833,871 | -€177,299 | -2.2% |
| Goods for resale, raw materials and consumables | 60 | €6,192,051 | €5,069,717 | -€1.1m | -18.1% |
| Purchases | 600/8 | €803,403 | €9,136,464 | +€8.3m | +1,037% |
| Change in stocks: decrease (increase) | 609 | €5,388,648 | -€4,066,747 | -€9.5m | |
| Services and other goods | 61 | €1,209,517 | €2,072,290 | +€862,773 | +71.3% |
| Remuneration, social security and pensions | 62 | €292,982 | €388,429 | +€95,447 | +32.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €191,161 | €189,292 | -€1,869 | -1.0% |
| Other operating charges | 640/8 | €122,652 | €114,144 | -€8,509 | -6.9% |
| Non-recurring operating charges | 66A | €2,807 | - | -€2,807 | |
| Operating profit (loss) | 9901 | €2,857,475 | €5,896,810 | +€3.0m | +106% |
| Financial income | 75/76B | €1,574,420 | €3,653,874 | +€2.1m | +132% |
| Recurring financial income | 75 | €1,574,420 | €3,653,874 | +€2.1m | +132% |
| Income from financial fixed assets | 750 | €1,092,757 | €2,994,000 | +€1.9m | +174% |
| Income from current assets | 751 | €481,663 | €658,610 | +€176,947 | +36.7% |
| Other financial income | 752/9 | - | €1,264 | +€1,264 | |
| Financial charges | 65/66B | €641,833 | €413,867 | -€227,966 | -35.5% |
| Recurring financial charges | 65 | €641,833 | €351,867 | -€289,966 | -45.2% |
| Debt charges | 650 | €622,061 | €276,367 | -€345,694 | -55.6% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€20,000 | €20,500 | +€40,500 | |
| Other financial charges | 652/9 | €39,773 | €55,000 | +€15,228 | +38.3% |
| Non-recurring financial charges | 66B | - | €62,000 | +€62,000 | |
| Profit (loss) for the period before taxes | 9903 | €3,790,061 | €9,136,816 | +€5.3m | +141% |
| Income taxes | 67/77 | €677,886 | €1,576,913 | +€899,026 | +133% |
| Taxes | 670/3 | €677,886 | €1,576,913 | +€899,026 | +133% |
| Profit (loss) for the period | 9904 | €3,112,175 | €7,559,904 | +€4.4m | +143% |
| Profit (loss) for the period to be appropriated | 9905 | €3,112,175 | €7,559,904 | +€4.4m | +143% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.