OLV RESEARCH UNIT: 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.
OLV RESEARCH UNIT
Largest movements
- Current investments -€80,000
down €80,000 (-47.1%), from €170,000 to €90,000
- Tangible fixed assets -€9,673
down €9,673 (-4.0%), from €241,636 to €231,963
of which Land and buildings: -€13,906
- Cash +€7,439
up €7,439 (+395%), from €1,881 to €9,320
mainly Current investments (+€80,000) and Depreciation (+€20,511)
- Profit (loss) carried forward -€80,666
down €80,666 (-19.0%), from €423,840 to €343,174
- Gross operating margin +€8,423
up €8,423 (+12.9%), from -€65,525 to -€57,102
- Other operating charges -€8,139
down €8,139 (-73.6%), from €11,052 to €2,913
- Financial charges -€1,463
down €1,463 (-91.2%), from €1,603 to €141
- Depreciation +€705
up €705 (+3.6%), from €19,806 to €20,511
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €447,073 | €363,305 | -€83,768 | -18.7% |
| Fixed assets | 21/28 | €263,910 | €250,316 | -€13,594 | -5.2% |
| Intangible fixed assets | 21 | €22,224 | €18,303 | -€3,921 | -17.6% |
| Tangible fixed assets | 22/27 | €241,636 | €231,963 | -€9,673 | -4.0% |
| Land and buildings | 22 | €240,491 | €226,585 | -€13,906 | -5.8% |
| Plant, machinery and equipment | 23 | - | €2,277 | +€2,277 | |
| Furniture and vehicles | 24 | €1,145 | €3,101 | +€1,956 | +171% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €183,163 | €112,989 | -€70,174 | -38.3% |
| Amounts receivable within one year | 40/41 | €11,282 | €13,668 | +€2,387 | +21.2% |
| Trade receivables | 40 | €5,692 | €5,620 | -€72 | -1.3% |
| Other amounts receivable | 41 | €5,589 | €8,048 | +€2,459 | +44.0% |
| Current investments | 50/53 | €170,000 | €90,000 | -€80,000 | -47.1% |
| Cash at bank and in hand | 54/58 | €1,881 | €9,320 | +€7,439 | +395% |
| Total equity and liabilities | 10/49 | €447,073 | €363,305 | -€83,768 | -18.7% |
| Equity | 10/15 | €423,840 | €343,174 | -€80,666 | -19.0% |
| Profit (loss) carried forward | 14 | €423,840 | €343,174 | -€80,666 | -19.0% |
| Amounts payable | 17/49 | €23,232 | €20,130 | -€3,102 | -13.4% |
| Amounts payable within one year | 42/48 | €23,232 | €20,130 | -€3,102 | -13.4% |
| Trade debts | 44 | €23,232 | €20,130 | -€3,102 | -13.4% |
| Suppliers | 440/4 | €23,232 | €20,130 | -€3,102 | -13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,806 | €20,511 | +€705 | +3.6% |
| Other operating charges | 640/8 | €11,052 | €2,913 | -€8,139 | -73.6% |
| Gross operating margin | 9900 | -€65,525 | -€57,102 | +€8,423 | +12.9% |
| Operating profit (loss) | 9901 | -€96,383 | -€80,525 | +€15,857 | +16.5% |
| Financial charges | 65/66B | €1,603 | €141 | -€1,463 | -91.2% |
| Recurring financial charges | 65 | €1,603 | €141 | -€1,463 | -91.2% |
| Profit (loss) for the period before taxes | 9903 | -€97,986 | -€80,666 | +€17,320 | +17.7% |
| Profit (loss) for the period | 9904 | -€97,986 | -€80,666 | +€17,320 | +17.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€97,986 | -€80,666 | +€17,320 | +17.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.