OLVICO: 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.
OLVICO
Largest movements
- Current investments +€87,372
up €87,372 (+218.3%), from €40,028 to €127,400
- Tangible fixed assets -€61,166
down €61,166 (-13.2%), from €462,835 to €401,669
of which Land and buildings: -€74,307
- Receivables within one year +€42,150
up €42,150 (+126.6%), from €33,304 to €75,454
of which Trade receivables: +€41,424
- Cash +€9,856
up €9,856 (+64.3%), from €15,328 to €25,184
mainly Net result for the year (+€74,785) and Other debts (+€67,568)
- Other debts +€67,568
up €67,568 (+2497.4%), from €2,706 to €70,274
- Reserves +€30,401
up €30,401 (+15.8%), from €192,928 to €223,329
of which Tax-exempt reserves: +€36,600
- Debts after one year -€27,959
down €27,959 (-9.6%), from €289,765 to €261,806
- Provisions +€9,150
new in 2025: €9,150
- Gross operating margin +€40,062
up €40,062 (+36.4%), from €110,149 to €150,211
- Depreciation -€2,740
down €2,740 (-7.0%), from €39,048 to €36,308
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 | €556,110 | €634,265 | +€78,155 | +14.1% |
| Fixed assets | 21/28 | €462,835 | €401,669 | -€61,166 | -13.2% |
| Tangible fixed assets | 22/27 | €462,835 | €401,669 | -€61,166 | -13.2% |
| Land and buildings | 22 | €448,007 | €373,700 | -€74,307 | -16.6% |
| Plant, machinery and equipment | 23 | €1,080 | €710 | -€370 | -34.3% |
| Furniture and vehicles | 24 | €13,749 | €27,260 | +€13,511 | +98.3% |
| Current assets | 29/58 | €93,275 | €232,596 | +€139,321 | +149.4% |
| Amounts receivable within one year | 40/41 | €33,304 | €75,454 | +€42,150 | +126.6% |
| Trade receivables | 40 | €33,304 | €74,728 | +€41,424 | +124.4% |
| Other amounts receivable | 41 | - | €726 | +€726 | |
| Current investments | 50/53 | €40,028 | €127,400 | +€87,372 | +218.3% |
| Cash at bank and in hand | 54/58 | €15,328 | €25,184 | +€9,856 | +64.3% |
| Deferred charges and accrued income | 490/1 | €4,615 | €4,558 | -€57 | -1.2% |
| Total equity and liabilities | 10/49 | €556,110 | €634,265 | +€78,155 | +14.1% |
| Equity | 10/15 | €199,297 | €229,698 | +€30,401 | +15.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €192,928 | €223,329 | +€30,401 | +15.8% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,215 | €55,815 | +€36,600 | +190.5% |
| Distributable reserves | 133 | €171,858 | €165,659 | -€6,199 | -3.6% |
| Profit (loss) carried forward | 14 | €169 | €169 | = | 0.0% |
| Provisions and deferred taxes | 16 | - | €9,150 | +€9,150 | |
| Deferred taxes | 168 | - | €9,150 | +€9,150 | |
| Amounts payable | 17/49 | €356,814 | €395,417 | +€38,604 | +10.8% |
| Amounts payable after more than one year | 17 | €289,765 | €261,806 | -€27,959 | -9.6% |
| Financial debts | 170/4 | €289,765 | €261,806 | -€27,959 | -9.6% |
| Amounts payable within one year | 42/48 | €66,899 | €132,831 | +€65,931 | +98.6% |
| Current portion of amounts payable after more than one year | 42 | €36,610 | €39,451 | +€2,841 | +7.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €6,573 | €747 | -€5,826 | -88.6% |
| Suppliers | 440/4 | €6,573 | €747 | -€5,826 | -88.6% |
| Taxes, remuneration and social security | 45 | €21,011 | €22,359 | +€1,348 | +6.4% |
| Taxes | 450/3 | €14,961 | €16,309 | +€1,348 | +9.0% |
| Remuneration and social security | 454/9 | €6,050 | €6,050 | = | 0.0% |
| Other amounts payable | 47/48 | €2,706 | €70,274 | +€67,568 | +2497.4% |
| Accrued charges and deferred income | 492/3 | €149 | €780 | +€632 | +424.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,048 | €36,308 | -€2,740 | -7.0% |
| Other operating charges | 640/8 | €5,523 | €6,175 | +€652 | +11.8% |
| Gross operating margin | 9900 | €110,149 | €150,211 | +€40,062 | +36.4% |
| Operating profit (loss) | 9901 | €65,578 | €107,728 | +€42,150 | +64.3% |
| Financial income | 75/76B | €1,417 | €747 | -€671 | -47.3% |
| Recurring financial income | 75 | €1,417 | €747 | -€671 | -47.3% |
| Financial charges | 65/66B | €5,879 | €7,042 | +€1,163 | +19.8% |
| Recurring financial charges | 65 | €5,879 | €7,042 | +€1,163 | +19.8% |
| Profit (loss) for the period before taxes | 9903 | €61,116 | €101,433 | +€40,317 | +66.0% |
| Transfer to deferred taxes | 680 | - | €9,150 | +€9,150 | |
| Income taxes | 67/77 | €18,574 | €17,498 | -€1,076 | -5.8% |
| Profit (loss) for the period | 9904 | €42,542 | €74,785 | +€32,243 | +75.8% |
| Transfer to tax-exempt reserves | 689 | - | €36,600 | +€36,600 | |
| Profit (loss) for the period to be appropriated | 9905 | €42,542 | €38,185 | -€4,357 | -10.2% |
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 4 October 2026 via checked.be.