RIKA OLBRECHTS: 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.
RIKA OLBRECHTS
Largest movements
- Tangible fixed assets +€12,570
up €12,570 (+7.4%), from €169,800 to €182,370
of which Land and buildings: +€7,589
- Cash +€12,205
up €12,205 (+29.5%), from €41,377 to €53,582
mainly Net result for the year (+€64,631) and Tax, wage and social debts (+€23,634)
- Reserves +€60,000
up €60,000 (+186%), from €32,312 to €92,312
of which Distributable reserves: +€60,000
- Other debts -€47,958
down €47,958 (-62.8%), from €76,363 to €28,405
- Tax, wage and social debts +€23,634
up €23,634 (+684%), from €3,455 to €27,089
of which Taxes: +€23,634
- Debts after one year -€10,388
down €10,388 (-15.8%), from €65,743 to €55,355
- Trade debts -€4,178
down €4,178 (-68.6%), from €6,090 to €1,913
- Gross operating margin +€56,623
up €56,623 (+97.6%), from €58,030 to €114,654
- Taxes +€16,232
up €16,232 (+106%), from €15,330 to €31,563
- Financial charges +€3,483
up €3,483 (+111%), from €3,146 to €6,629
- Depreciation +€3,400
up €3,400 (+50.1%), from €6,791 to €10,191
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 | €212,735 | €236,456 | +€23,721 | +11.2% |
| Fixed assets | 21/28 | €169,800 | €182,370 | +€12,570 | +7.4% |
| Tangible fixed assets | 22/27 | €169,800 | €182,370 | +€12,570 | +7.4% |
| Land and buildings | 22 | €166,243 | €173,833 | +€7,589 | +4.6% |
| Plant, machinery and equipment | 23 | €593 | €188 | -€404 | -68.2% |
| Furniture and vehicles | 24 | €2,964 | €8,349 | +€5,384 | +182% |
| Current assets | 29/58 | €42,934 | €54,086 | +€11,152 | +26.0% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €41,377 | €53,582 | +€12,205 | +29.5% |
| Deferred charges and accrued income | 490/1 | €1,557 | €504 | -€1,053 | -67.7% |
| Total equity and liabilities | 10/49 | €212,735 | €236,456 | +€23,721 | +11.2% |
| Equity | 10/15 | €50,912 | €112,557 | +€61,644 | +121% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €32,312 | €92,312 | +€60,000 | +186% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €32,312 | €92,312 | +€60,000 | +186% |
| Profit (loss) carried forward | 14 | €0 | €1,644 | +€1,644 | |
| Amounts payable | 17/49 | €161,822 | €123,899 | -€37,923 | -23.4% |
| Amounts payable after more than one year | 17 | €65,743 | €55,355 | -€10,388 | -15.8% |
| Financial debts | 170/4 | €65,743 | €55,355 | -€10,388 | -15.8% |
| Amounts payable within one year | 42/48 | €96,079 | €68,544 | -€27,535 | -28.7% |
| Current portion of amounts payable after more than one year | 42 | €10,171 | €11,137 | +€966 | +9.5% |
| Trade debts | 44 | €6,090 | €1,913 | -€4,178 | -68.6% |
| Suppliers | 440/4 | €6,090 | €1,913 | -€4,178 | -68.6% |
| Taxes, remuneration and social security | 45 | €3,455 | €27,089 | +€23,634 | +684% |
| Taxes | 450/3 | €3,455 | €27,089 | +€23,634 | +684% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €76,363 | €28,405 | -€47,958 | -62.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,791 | €10,191 | +€3,400 | +50.1% |
| Other operating charges | 640/8 | €1,477 | €1,640 | +€163 | +11.0% |
| Gross operating margin | 9900 | €58,030 | €114,654 | +€56,623 | +97.6% |
| Operating profit (loss) | 9901 | €49,762 | €102,822 | +€53,060 | +107% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €3,146 | €6,629 | +€3,483 | +111% |
| Recurring financial charges | 65 | €3,146 | €6,629 | +€3,483 | +111% |
| Profit (loss) for the period before taxes | 9903 | €46,616 | €96,193 | +€49,577 | +106% |
| Income taxes | 67/77 | €15,330 | €31,563 | +€16,232 | +106% |
| Profit (loss) for the period | 9904 | €31,285 | €64,631 | +€33,345 | +107% |
| Profit (loss) for the period to be appropriated | 9905 | €31,285 | €64,631 | +€33,345 | +107% |
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 1 November 2026 via checked.be.