OLYMPIA: 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.
What changed
OLYMPIA
NACE 10.510, Manufacture of food products
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€26.2m
2024 · -€8.8m-€17.4m
Equity
-€36.3m
2024 · -€10.1m-€26.2m
Cash
€1.5m
2024 · €2.0m-€572,770
Balance sheet total
€26.1m
2024 · €47.2m-€21.1m
Largest movements
Assets
- Receivables within one year -€10.7m
down €10.7m (-74.1%), from €14.4m to €3.7m
of which Trade receivables: -€10.1m
- Stocks and contracts -€6.5m
down €6.5m (-63.3%), from €10.3m to €3.8m
- Tangible fixed assets -€3.3m
down €3.3m (-16.0%), from €20.3m to €17.1m
of which Plant, machinery and equipment: -€1.9m
- Cash -€572,770
down €572,770 (-28.2%), from €2.0m to €1.5m
mainly Net result for the year (-€26.2m) and Trade debts (-€9.0m)
Equity and liabilities
- Profit (loss) carried forward -€26.1m
down €26.1m (-84.6%), from -€30.9m to -€57.0m
- Trade debts -€9.0m
down €9.0m (-78.1%), from €11.5m to €2.5m
- Other debts +€8.5m
up €8.5m (+179.7%), from €4.8m to €13.3m
- Provisions +€7.3m
up €7.3m (+2899.6%), from €251,554 to €7.5m
of which Provisions for liabilities and charges: +€7.3m
- Tax, wage and social debts -€1.2m
down €1.2m (-57.6%), from €2.1m to €882,873
of which Remuneration and social security: -€980,397
Income statement
- Turnover -€40.8m
down €40.8m (-39.5%), from €103.1m to €62.3m
- Goods and materials -€26.3m
down €26.3m (-35.6%), from €73.8m to €47.6m
of which Purchases: -€28.2m
- Services and other goods -€10.2m
down €10.2m (-47.1%), from €21.7m to €11.5m
- Provisions +€7.3m
new in 2025: €7.3m
- Staff costs +€1.7m
up €1.7m (+15.2%), from €11.0m to €12.6m
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.
Result 2024
-€8.8m
Turnover
-€40.8m
Other operating income
-€180,532
Goods and materials
+€26.3m
Services and other goods
+€10.2m
Staff costs
-€1.7m
Depreciation
+€904,478
Write-downs
-€1.5m
Provisions
-€7.3m
Other operating charges
-€472,920
Other operating items
-€2.3m
Financial income
-€10,023
Financial charges
-€639,032
Taxes
+€21,802
Deferred taxes and other
-€4,555
Result 2025
-€26.2m
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.
From operations
-€844,660
Investment
+€927,199
Financing
-€655,309
Cash 2024
€2.0m
From operations (derived)
-€844,660
Net result for the year
-€26.2m
Depreciation
+€2.4m
Stocks and contracts
+€6.5m
Receivables within one year
+€10.7m
Deferred charges and accrued income
+€37,269
Provisions
+€7.3m
Trade debts
-€9.0m
Tax, wage and social debts
-€1.2m
Other debts
+€8.5m
Accrued charges and deferred income
+€116,443
Investment (derived)
+€927,199
Investment in fixed assets (net)
+€927,199
Financing
-€655,309
Debts after one year
-€531,116
Current portion of long-term debt
-€124,194
Cash 2025
€1.5m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €47,181,880 | €26,071,061 | -€21.1m | -44.7% |
| Fixed assets | 21/28 | €20,414,839 | €17,071,811 | -€3.3m | -16.4% |
| Intangible fixed assets | 21 | €83,735 | - | -€83,735 | |
| Tangible fixed assets | 22/27 | €20,316,411 | €17,063,782 | -€3.3m | -16.0% |
| Land and buildings | 22 | €9,285,355 | €8,882,374 | -€402,981 | -4.3% |
| Plant, machinery and equipment | 23 | €7,758,132 | €5,888,495 | -€1.9m | -24.1% |
| Furniture and vehicles | 24 | €242,119 | €145,627 | -€96,491 | -39.9% |
| Leasing and similar rights | 25 | €1,937,239 | €1,393,844 | -€543,396 | -28.1% |
| Assets under construction and advance payments | 27 | €1,093,565 | €753,442 | -€340,123 | -31.1% |
| Financial fixed assets | 28 | €14,694 | €8,029 | -€6,665 | -45.4% |
| Other financial fixed assets | 284/8 | €14,694 | €8,029 | -€6,665 | -45.4% |
| Shares | 284 | €3,090 | €2,500 | -€590 | -19.1% |
| Amounts receivable and cash guarantees | 285/8 | €11,604 | €5,529 | -€6,075 | -52.4% |
| Current assets | 29/58 | €26,767,041 | €8,999,250 | -€17.8m | -66.4% |
| Stocks and contracts in progress | 3 | €10,267,168 | €3,771,672 | -€6.5m | -63.3% |
| Stocks | 30/36 | €10,267,168 | €3,771,672 | -€6.5m | -63.3% |
| Raw materials and consumables | 30/31 | €5,369,055 | €1,285,471 | -€4.1m | -76.1% |
| Finished goods | 33 | €4,821,979 | €2,265,670 | -€2.6m | -53.0% |
| Goods purchased for resale | 34 | €76,134 | €220,531 | +€144,397 | +189.7% |
| Amounts receivable within one year | 40/41 | €14,393,859 | €3,731,603 | -€10.7m | -74.1% |
| Trade receivables | 40 | €13,574,464 | €3,513,475 | -€10.1m | -74.1% |
| Other amounts receivable | 41 | €819,395 | €218,127 | -€601,267 | -73.4% |
| Cash at bank and in hand | 54/58 | €2,033,881 | €1,461,112 | -€572,770 | -28.2% |
| Deferred charges and accrued income | 490/1 | €72,133 | €34,863 | -€37,269 | -51.7% |
| Total equity and liabilities | 10/49 | €47,181,880 | €26,071,061 | -€21.1m | -44.7% |
| Equity | 10/15 | -€10,053,616 | -€36,254,031 | -€26.2m | -260.6% |
| Contributions | 10/11 | €16,788,681 | €16,788,681 | = | 0.0% |
| Capital | 10 | €16,766,620 | €16,766,620 | = | 0.0% |
| Issued capital | 100 | €16,766,620 | €16,766,620 | = | 0.0% |
| Contributions outside capital | 11 | €22,061 | €22,061 | = | 0.0% |
| Share premium | 1100/10 | €22,061 | €22,061 | = | 0.0% |
| Revaluation surpluses | 12 | €2,138,074 | €2,138,074 | = | 0.0% |
| Reserves | 13 | €1,891,725 | €1,802,811 | -€88,914 | -4.7% |
| Non-distributable reserves | 130/1 | €355,659 | €355,659 | = | 0.0% |
| Legal reserve | 130 | €355,340 | €355,340 | = | 0.0% |
| Other | 1319 | €320 | €320 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,502,528 | €1,413,614 | -€88,914 | -5.9% |
| Distributable reserves | 133 | €33,538 | €33,538 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,872,096 | -€56,983,597 | -€26.1m | -84.6% |
| Provisions and deferred taxes | 16 | €251,554 | €7,545,584 | +€7.3m | +2899.6% |
| Provisions for liabilities and charges | 160/5 | - | €7,319,113 | +€7.3m | |
| Other liabilities and charges | 164/5 | - | €7,319,113 | +€7.3m | |
| Deferred taxes | 168 | €251,554 | €226,471 | -€25,083 | -10.0% |
| Amounts payable | 17/49 | €56,983,943 | €54,779,508 | -€2.2m | -3.9% |
| Amounts payable after more than one year | 17 | €37,565,179 | €37,034,064 | -€531,116 | -1.4% |
| Financial debts | 170/4 | €37,565,179 | €37,034,064 | -€531,116 | -1.4% |
| Leasing and similar obligations | 172 | €765,179 | €234,064 | -€531,116 | -69.4% |
| Other loans | 174 | €36,800,000 | €36,800,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €19,027,773 | €17,238,011 | -€1.8m | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €654,533 | €530,339 | -€124,194 | -19.0% |
| Trade debts | 44 | €11,536,755 | €2,521,341 | -€9.0m | -78.1% |
| Suppliers | 440/4 | €11,536,755 | €2,521,341 | -€9.0m | -78.1% |
| Taxes, remuneration and social security | 45 | €2,080,597 | €882,873 | -€1.2m | -57.6% |
| Taxes | 450/3 | €279,342 | €62,014 | -€217,328 | -77.8% |
| Remuneration and social security | 454/9 | €1,801,256 | €820,859 | -€980,397 | -54.4% |
| Other amounts payable | 47/48 | €4,755,887 | €13,303,457 | +€8.5m | +179.7% |
| Accrued charges and deferred income | 492/3 | €390,991 | €507,434 | +€116,443 | +29.8% |
| Operating income | 70/76A | €103,325,398 | €60,926,197 | -€42.4m | -41.0% |
| Turnover | 70 | €103,121,628 | €62,349,314 | -€40.8m | -39.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€877,744 | -€2,411,912 | -€1.5m | -174.8% |
| Other operating income | 74 | €1,057,961 | €877,429 | -€180,532 | -17.1% |
| Non-recurring operating income | 76A | €23,553 | €111,366 | +€87,813 | +372.8% |
| Operating charges | 60/66A | €110,343,575 | €84,753,676 | -€25.6m | -23.2% |
| Goods for resale, raw materials and consumables | 60 | €73,826,366 | €47,575,143 | -€26.3m | -35.6% |
| Purchases | 600/8 | €73,038,535 | €44,881,115 | -€28.2m | -38.6% |
| Change in stocks: decrease (increase) | 609 | €787,831 | €2,694,028 | +€1.9m | +242.0% |
| Services and other goods | 61 | €21,671,911 | €11,458,516 | -€10.2m | -47.1% |
| Remuneration, social security and pensions | 62 | €10,969,013 | €12,640,464 | +€1.7m | +15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,320,306 | €2,415,829 | -€904,478 | -27.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€42,096 | €1,458,844 | +€1.5m | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €7,319,113 | +€7.3m | |
| Other operating charges | 640/8 | €399,282 | €872,202 | +€472,920 | +118.4% |
| Non-recurring operating charges | 66A | €198,792 | €1,013,564 | +€814,771 | +409.9% |
| Operating profit (loss) | 9901 | -€7,018,177 | -€23,827,479 | -€16.8m | -239.5% |
| Financial income | 75/76B | €20,441 | €10,418 | -€10,023 | -49.0% |
| Recurring financial income | 75 | €20,441 | €10,418 | -€10,023 | -49.0% |
| Other financial income | 752/9 | €20,441 | €10,418 | -€10,023 | -49.0% |
| Financial charges | 65/66B | €1,780,079 | €2,419,111 | +€639,032 | +35.9% |
| Recurring financial charges | 65 | €1,780,079 | €2,418,521 | +€638,442 | +35.9% |
| Debt charges | 650 | €1,669,365 | €2,293,831 | +€624,465 | +37.4% |
| Other financial charges | 652/9 | €110,713 | €124,690 | +€13,977 | +12.6% |
| Non-recurring financial charges | 66B | - | €590 | +€590 | |
| Profit (loss) for the period before taxes | 9903 | -€8,777,815 | -€26,236,173 | -€17.5m | -198.9% |
| Transfer from deferred taxes | 780 | €29,638 | €25,083 | -€4,555 | -15.4% |
| Income taxes | 67/77 | €11,127 | -€10,675 | -€21,802 | |
| Taxes | 670/3 | €11,127 | €4,735 | -€6,392 | -57.4% |
| Tax adjustments and reversals of tax provisions | 77 | - | €15,410 | +€15,410 | |
| Profit (loss) for the period | 9904 | -€8,759,303 | -€26,200,415 | -€17.4m | -199.1% |
| Transfer from tax-exempt reserves | 789 | €88,914 | €88,914 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,670,389 | -€26,111,501 | -€17.4m | -201.2% |
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 11 October 2026 via checked.be.