S & OLIVEIRA: 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.
S & OLIVEIRA
Largest movements
- Receivables within one year -€16,643
down €16,643 (-43.3%), from €38,433 to €21,790
of which Trade receivables: -€12,444
- Cash +€10,876
up €10,876 (+85.5%), from €12,725 to €23,601
mainly Receivables within one year (+€16,643) and Depreciation (+€4,646)
- Tangible fixed assets -€3,218
down €3,218 (-57.2%), from €5,623 to €2,405
of which Leasing and similar rights: -€3,430
- Trade debts -€9,888
down €9,888 (-59.1%), from €16,728 to €6,840
- Tax, wage and social debts +€2,398
up €2,398 (+31.9%), from €7,514 to €9,913
of which Remuneration and social security: +€3,050
- Current portion of long-term debt -€2,110
down €2,110 (-74.2%), from €2,845 to €735
- Profit (loss) carried forward +€1,049
up €1,049 (+3.7%), from €28,560 to €29,609
- Debts after one year -€735
no longer reported in 2025 (was €735)
- Gross operating margin -€13,476
down €13,476 (-59.9%), from €22,480 to €9,004
- Taxes -€2,820
down €2,820 (-61.5%), from €4,588 to €1,767
- Depreciation -€952
down €952 (-17.0%), from €5,597 to €4,646
- Other operating charges +€280
up €280 (+26.2%), from €1,069 to €1,348
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 | €58,383 | €49,097 | -€9,286 | -15.9% |
| Fixed assets | 21/28 | €6,279 | €3,061 | -€3,218 | -51.2% |
| Tangible fixed assets | 22/27 | €5,623 | €2,405 | -€3,218 | -57.2% |
| Plant, machinery and equipment | 23 | €1,234 | €1,446 | +€213 | +17.2% |
| Leasing and similar rights | 25 | €4,389 | €959 | -€3,430 | -78.2% |
| Financial fixed assets | 28 | €656 | €656 | = | 0.0% |
| Current assets | 29/58 | €52,104 | €46,036 | -€6,068 | -11.6% |
| Amounts receivable within one year | 40/41 | €38,433 | €21,790 | -€16,643 | -43.3% |
| Trade receivables | 40 | €26,364 | €13,919 | -€12,444 | -47.2% |
| Other amounts receivable | 41 | €12,070 | €7,871 | -€4,199 | -34.8% |
| Cash at bank and in hand | 54/58 | €12,725 | €23,601 | +€10,876 | +85.5% |
| Deferred charges and accrued income | 490/1 | €946 | €644 | -€302 | -31.9% |
| Total equity and liabilities | 10/49 | €58,383 | €49,097 | -€9,286 | -15.9% |
| Equity | 10/15 | €30,560 | €31,609 | +€1,049 | +3.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,560 | €29,609 | +€1,049 | +3.7% |
| Amounts payable | 17/49 | €27,823 | €17,487 | -€10,335 | -37.1% |
| Amounts payable after more than one year | 17 | €735 | - | -€735 | |
| Financial debts | 170/4 | €735 | - | -€735 | |
| Amounts payable within one year | 42/48 | €27,088 | €17,487 | -€9,600 | -35.4% |
| Current portion of amounts payable after more than one year | 42 | €2,845 | €735 | -€2,110 | -74.2% |
| Trade debts | 44 | €16,728 | €6,840 | -€9,888 | -59.1% |
| Suppliers | 440/4 | €16,728 | €6,840 | -€9,888 | -59.1% |
| Taxes, remuneration and social security | 45 | €7,514 | €9,913 | +€2,398 | +31.9% |
| Taxes | 450/3 | €7,514 | €6,863 | -€652 | -8.7% |
| Remuneration and social security | 454/9 | - | €3,050 | +€3,050 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,597 | €4,646 | -€952 | -17.0% |
| Other operating charges | 640/8 | €1,069 | €1,348 | +€280 | +26.2% |
| Gross operating margin | 9900 | €22,480 | €9,004 | -€13,476 | -59.9% |
| Operating profit (loss) | 9901 | €15,814 | €3,010 | -€12,804 | -81.0% |
| Financial income | 75/76B | €167 | €290 | +€123 | +73.8% |
| Recurring financial income | 75 | €167 | €290 | +€123 | +73.8% |
| Financial charges | 65/66B | €623 | €484 | -€139 | -22.3% |
| Recurring financial charges | 65 | €623 | €484 | -€139 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | €15,358 | €2,816 | -€12,542 | -81.7% |
| Income taxes | 67/77 | €4,588 | €1,767 | -€2,820 | -61.5% |
| Profit (loss) for the period | 9904 | €10,770 | €1,049 | -€9,722 | -90.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,770 | €1,049 | -€9,722 | -90.3% |
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 16 October 2026 via checked.be.