OLVORM: 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.
OLVORM
Largest movements
- Receivables within one year -€2,032
down €2,032 (-35.9%), from €5,654 to €3,622
of which Trade receivables: -€2,631
- Cash -€327
down €327 (-97.2%), from €336 to €9
mainly Debts after one year (-€8,000) and Tax, wage and social debts (-€1,030)
- Debts after one year -€8,000
down €8,000 (-20.5%), from €39,000 to €31,000
- Trade debts +€3,483
new in 2025: €3,483
- Other debts +€3,157
new in 2025: €3,157
- Tax, wage and social debts -€1,030
no longer reported in 2025 (was €1,030)
- Gross operating margin +€1,205
up €1,205, from -€571 to €635
- Other operating charges +€14
up €14 (+2.8%), from €505 to €520
- Financial charges +€14
up €14 (+19.2%), from €74 to €89
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 | €5,990 | €3,631 | -€2,359 | -39.4% |
| Current assets | 29/58 | €5,990 | €3,631 | -€2,359 | -39.4% |
| Amounts receivable within one year | 40/41 | €5,654 | €3,622 | -€2,032 | -35.9% |
| Trade receivables | 40 | €5,644 | €3,013 | -€2,631 | -46.6% |
| Other amounts receivable | 41 | €10 | €608 | +€599 | +6115.4% |
| Cash at bank and in hand | 54/58 | €336 | €9 | -€327 | -97.2% |
| Total equity and liabilities | 10/49 | €5,990 | €3,631 | -€2,359 | -39.4% |
| Equity | 10/15 | -€34,041 | -€34,014 | +€26 | +0.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €6,199 | €6,199 | = | 0.0% |
| Distributable reserves | 133 | €6,199 | €6,199 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,239 | -€60,213 | +€26 | 0.0% |
| Amounts payable | 17/49 | €40,030 | €37,645 | -€2,385 | -6.0% |
| Amounts payable after more than one year | 17 | €39,000 | €31,000 | -€8,000 | -20.5% |
| Other amounts payable | 178/9 | €39,000 | €31,000 | -€8,000 | -20.5% |
| Amounts payable within one year | 42/48 | €1,030 | €6,645 | +€5,615 | +545.0% |
| Financial debts | 43 | - | €5 | +€5 | |
| Credit institutions | 430/8 | - | €5 | +€5 | |
| Trade debts | 44 | - | €3,483 | +€3,483 | |
| Suppliers | 440/4 | - | €3,483 | +€3,483 | |
| Taxes, remuneration and social security | 45 | €1,030 | - | -€1,030 | |
| Taxes | 450/3 | €1,030 | - | -€1,030 | |
| Other amounts payable | 47/48 | - | €3,157 | +€3,157 | |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€571 | €635 | +€1,205 | |
| Operating profit (loss) | 9901 | -€1,076 | €115 | +€1,191 | |
| Financial charges | 65/66B | €74 | €89 | +€14 | +19.2% |
| Recurring financial charges | 65 | €74 | €89 | +€14 | +19.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,150 | €26 | +€1,177 | |
| Profit (loss) for the period | 9904 | -€1,150 | €26 | +€1,177 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,150 | €26 | +€1,177 |
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 5 October 2026 via checked.be.