Olvin: 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.
Olvin
Largest movements
- Cash -€87,100
down €87,100 (-81.7%), from €106,560 to €19,460
mainly Contributions, distributions and other (-€100,000) and Tax, wage and social debts (-€27,485)
- Receivables within one year -€12,069
down €12,069 (-13.9%), from €86,705 to €74,636
of which Trade receivables: -€8,200
- Tangible fixed assets +€3,420
up €3,420 (+7.8%), from €43,970 to €47,390
of which Furniture and vehicles: +€4,913
- Profit (loss) carried forward -€83,933
down €83,933 (-81.6%), from €102,896 to €18,963
- Tax, wage and social debts -€27,485
down €27,485 (-75.4%), from €36,455 to €8,970
of which Taxes: -€25,363
- Other debts +€21,529
up €21,529 (+27.4%), from €78,471 to €100,000
- Trade debts -€4,257
down €4,257 (-41.9%), from €10,162 to €5,905
- Gross operating margin -€124,944
down €124,944 (-76.8%), from €162,701 to €37,757
- Taxes -€22,662
down €22,662 (-80.2%), from €28,261 to €5,599
- Financial charges +€2,609
up €2,609 (+122%), from €2,141 to €4,750
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €239,533 | €143,838 | -€95,694 | -40.0% |
| Fixed assets | 21/28 | €43,970 | €47,390 | +€3,420 | +7.8% |
| Tangible fixed assets | 22/27 | €43,970 | €47,390 | +€3,420 | +7.8% |
| Plant, machinery and equipment | 23 | €565 | €1,813 | +€1,247 | +221% |
| Furniture and vehicles | 24 | €14,218 | €19,132 | +€4,913 | +34.6% |
| Other tangible fixed assets | 26 | €29,186 | €26,446 | -€2,740 | -9.4% |
| Current assets | 29/58 | €195,563 | €96,448 | -€99,115 | -50.7% |
| Amounts receivable within one year | 40/41 | €86,705 | €74,636 | -€12,069 | -13.9% |
| Trade receivables | 40 | €72,343 | €64,143 | -€8,200 | -11.3% |
| Other amounts receivable | 41 | €14,363 | €10,493 | -€3,869 | -26.9% |
| Cash at bank and in hand | 54/58 | €106,560 | €19,460 | -€87,100 | -81.7% |
| Deferred charges and accrued income | 490/1 | €2,298 | €2,352 | +€54 | +2.4% |
| Total equity and liabilities | 10/49 | €239,533 | €143,838 | -€95,694 | -40.0% |
| Equity | 10/15 | €112,896 | €28,963 | -€83,933 | -74.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,896 | €18,963 | -€83,933 | -81.6% |
| Amounts payable | 17/49 | €126,637 | €114,875 | -€11,762 | -9.3% |
| Amounts payable within one year | 42/48 | €125,087 | €114,875 | -€10,212 | -8.2% |
| Trade debts | 44 | €10,162 | €5,905 | -€4,257 | -41.9% |
| Suppliers | 440/4 | €10,162 | €5,905 | -€4,257 | -41.9% |
| Taxes, remuneration and social security | 45 | €36,455 | €8,970 | -€27,485 | -75.4% |
| Taxes | 450/3 | €33,895 | €8,532 | -€25,363 | -74.8% |
| Remuneration and social security | 454/9 | €2,560 | €438 | -€2,122 | -82.9% |
| Other amounts payable | 47/48 | €78,471 | €100,000 | +€21,529 | +27.4% |
| Accrued charges and deferred income | 492/3 | €1,550 | - | -€1,550 | |
| Remuneration, social security and pensions | 62 | -€219 | - | +€219 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,728 | €10,587 | +€859 | +8.8% |
| Other operating charges | 640/8 | €829 | €1,241 | +€412 | +49.7% |
| Gross operating margin | 9900 | €162,701 | €37,757 | -€124,944 | -76.8% |
| Operating profit (loss) | 9901 | €152,363 | €25,929 | -€126,433 | -83.0% |
| Financial income | 75/76B | €1,463 | €487 | -€976 | -66.7% |
| Recurring financial income | 75 | €1,463 | €487 | -€976 | -66.7% |
| Financial charges | 65/66B | €2,141 | €4,750 | +€2,609 | +122% |
| Recurring financial charges | 65 | €2,141 | €4,750 | +€2,609 | +122% |
| Profit (loss) for the period before taxes | 9903 | €151,685 | €21,666 | -€130,019 | -85.7% |
| Income taxes | 67/77 | €28,261 | €5,599 | -€22,662 | -80.2% |
| Profit (loss) for the period | 9904 | €123,424 | €16,067 | -€107,357 | -87.0% |
| Profit (loss) for the period to be appropriated | 9905 | €123,424 | €16,067 | -€107,357 | -87.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.