OLV: 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.
OLV
Largest movements
- Cash +€18,314
up €18,314 (+115.2%), from €15,895 to €34,209
mainly Net result for the year (+€36,986) and Depreciation (+€23,317)
- Receivables within one year +€8,382
up €8,382 (+46.5%), from €18,034 to €26,416
of which Trade receivables: +€8,892
- Tangible fixed assets -€6,220
down €6,220 (-6.7%), from €92,185 to €85,965
of which Plant, machinery and equipment: -€6,921
- Stocks and contracts +€3,478
up €3,478 (+35.6%), from €9,781 to €13,259
- Intangible fixed assets -€3,469
down €3,469 (-11.1%), from €31,242 to €27,773
- Profit (loss) carried forward +€36,986
up €36,986 (+82.5%), from -€44,856 to -€7,869
- Trade debts -€23,269
down €23,269 (-47.3%), from €49,187 to €25,918
- Tax, wage and social debts +€7,516
up €7,516 (+12.4%), from €60,418 to €67,933
of which Remuneration and social security: +€3,935
- Gross operating margin +€163,548
up €163,548 (+31.5%), from €519,923 to €683,471
- Staff costs +€76,657
up €76,657 (+14.2%), from €539,426 to €616,083
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 | €168,587 | €189,072 | +€20,484 | +12.2% |
| Fixed assets | 21/28 | €123,627 | €113,938 | -€9,690 | -7.8% |
| Intangible fixed assets | 21 | €31,242 | €27,773 | -€3,469 | -11.1% |
| Tangible fixed assets | 22/27 | €92,185 | €85,965 | -€6,220 | -6.7% |
| Plant, machinery and equipment | 23 | €63,548 | €56,627 | -€6,921 | -10.9% |
| Furniture and vehicles | 24 | - | €1,816 | +€1,816 | |
| Other tangible fixed assets | 26 | €28,637 | €27,523 | -€1,115 | -3.9% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €44,960 | €75,134 | +€30,174 | +67.1% |
| Stocks and contracts in progress | 3 | €9,781 | €13,259 | +€3,478 | +35.6% |
| Stocks | 30/36 | €9,781 | €13,259 | +€3,478 | +35.6% |
| Amounts receivable within one year | 40/41 | €18,034 | €26,416 | +€8,382 | +46.5% |
| Trade receivables | 40 | €13,465 | €22,357 | +€8,892 | +66.0% |
| Other amounts receivable | 41 | €4,569 | €4,059 | -€510 | -11.2% |
| Cash at bank and in hand | 54/58 | €15,895 | €34,209 | +€18,314 | +115.2% |
| Deferred charges and accrued income | 490/1 | €1,250 | €1,250 | = | 0.0% |
| Total equity and liabilities | 10/49 | €168,587 | €189,072 | +€20,484 | +12.2% |
| Equity | 10/15 | -€41,856 | -€4,869 | +€36,986 | +88.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,856 | -€7,869 | +€36,986 | +82.5% |
| Amounts payable | 17/49 | €210,443 | €193,941 | -€16,502 | -7.8% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Other amounts payable | 178/9 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €109,605 | €93,851 | -€15,754 | -14.4% |
| Trade debts | 44 | €49,187 | €25,918 | -€23,269 | -47.3% |
| Suppliers | 440/4 | €49,187 | €25,918 | -€23,269 | -47.3% |
| Taxes, remuneration and social security | 45 | €60,418 | €67,933 | +€7,516 | +12.4% |
| Taxes | 450/3 | €4,843 | €8,424 | +€3,580 | +73.9% |
| Remuneration and social security | 454/9 | €55,575 | €59,510 | +€3,935 | +7.1% |
| Accrued charges and deferred income | 492/3 | €838 | €89 | -€748 | -89.3% |
| Remuneration, social security and pensions | 62 | €539,426 | €616,083 | +€76,657 | +14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,571 | €23,317 | +€4,746 | +25.6% |
| Other operating charges | 640/8 | €2,504 | €1,024 | -€1,480 | -59.1% |
| Gross operating margin | 9900 | €519,923 | €683,471 | +€163,548 | +31.5% |
| Operating profit (loss) | 9901 | -€40,578 | €43,047 | +€83,624 | |
| Financial income | 75/76B | €0 | €30 | +€30 | +11900.0% |
| Recurring financial income | 75 | €0 | €30 | +€30 | +11900.0% |
| Financial charges | 65/66B | €4,151 | €5,771 | +€1,620 | +39.0% |
| Recurring financial charges | 65 | €4,151 | €5,771 | +€1,620 | +39.0% |
| Profit (loss) for the period before taxes | 9903 | -€44,729 | €37,305 | +€82,034 | |
| Income taxes | 67/77 | €127 | €319 | +€193 | +152.1% |
| Profit (loss) for the period | 9904 | -€44,856 | €36,986 | +€81,842 | |
| Profit (loss) for the period to be appropriated | 9905 | -€44,856 | €36,986 | +€81,842 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.