THE OLIVE TREE: 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
THE OLIVE TREE
NACE 56.210, Event catering
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€200,037
2024 · €232,980-€32,942
Equity
€172,105
2024 · €172,067+€37
Cash
€62,996
2024 · €67,657-€4,660
Balance sheet total
€291,806
2024 · €320,452-€28,646
Largest movements
Assets
- Receivables within one year -€34,330
down €34,330 (-20.0%), from €171,650 to €137,320
- Stocks and contracts +€5,856
up €5,856 (+20.1%), from €29,175 to €35,030
- Deferred charges and accrued income +€4,956
up €4,956 (+2,227%), from €223 to €5,178
- Cash -€4,660
down €4,660 (-6.9%), from €67,657 to €62,996
mainly Contributions, distributions and other (-€200,000) and Trade debts (-€20,537)
Equity and liabilities
- Trade debts -€20,537
down €20,537 (-26.3%), from €78,070 to €57,532
- Current portion of long-term debt -€3,205
no longer reported in 2025 (was €3,205)
Income statement
- Gross operating margin -€23,409
down €23,409 (-5.4%), from €434,872 to €411,463
- Financial income -€10,279
down €10,279 (-92.1%), from €11,162 to €882
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
€232,980
Gross operating margin
-€23,409
Staff costs
+€3,983
Depreciation
-€1,149
Other operating charges
-€2,099
Financial income
-€10,279
Financial charges
-€217
Taxes
+€227
Result 2025
€200,037
raises the resultlowers the result
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.
From operations
+€212,326
Investment
-€10,862
Financing
-€206,124
Cash 2024
€67,657
From operations (derived)
+€212,326
Net result for the year
+€200,037
Depreciation
+€11,328
Stocks and contracts
-€5,856
Receivables within one year
+€34,330
Deferred charges and accrued income
-€4,956
Trade debts
-€20,537
Tax, wage and social debts
+€670
Accrued charges and deferred income
-€2,692
Investment (derived)
-€10,862
Investment in fixed assets (net)
-€10,862
Financing
-€206,124
Current portion of long-term debt
-€3,205
Short-term financial debts
-€2,919
Contributions, distributions and other
-€200,000
Cash 2025
€62,996
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €320,452 | €291,806 | -€28,646 | -8.9% |
| Fixed assets | 21/28 | €51,748 | €51,282 | -€466 | -0.9% |
| Tangible fixed assets | 22/27 | €44,679 | €44,213 | -€466 | -1.0% |
| Plant, machinery and equipment | 23 | €39,643 | €40,377 | +€734 | +1.9% |
| Furniture and vehicles | 24 | €5,036 | €3,836 | -€1,200 | -23.8% |
| Financial fixed assets | 28 | €7,069 | €7,069 | = | 0.0% |
| Current assets | 29/58 | €268,704 | €240,524 | -€28,179 | -10.5% |
| Stocks and contracts in progress | 3 | €29,175 | €35,030 | +€5,856 | +20.1% |
| Stocks | 30/36 | €29,175 | €35,030 | +€5,856 | +20.1% |
| Amounts receivable within one year | 40/41 | €171,650 | €137,320 | -€34,330 | -20.0% |
| Other amounts receivable | 41 | €171,650 | €137,320 | -€34,330 | -20.0% |
| Cash at bank and in hand | 54/58 | €67,657 | €62,996 | -€4,660 | -6.9% |
| Deferred charges and accrued income | 490/1 | €223 | €5,178 | +€4,956 | +2,227% |
| Total equity and liabilities | 10/49 | €320,452 | €291,806 | -€28,646 | -8.9% |
| Equity | 10/15 | €172,067 | €172,105 | +€37 | 0.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €165,867 | €165,905 | +€37 | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €26,743 | €26,743 | = | 0.0% |
| Distributable reserves | 133 | €137,264 | €139,162 | +€1,897 | +1.4% |
| Amounts payable | 17/49 | €148,384 | €119,702 | -€28,683 | -19.3% |
| Amounts payable within one year | 42/48 | €139,480 | €113,489 | -€25,991 | -18.6% |
| Current portion of amounts payable after more than one year | 42 | €3,205 | - | -€3,205 | |
| Financial debts | 43 | €5,812 | €2,892 | -€2,919 | -50.2% |
| Credit institutions | 430/8 | €5,812 | €2,892 | -€2,919 | -50.2% |
| Trade debts | 44 | €78,070 | €57,532 | -€20,537 | -26.3% |
| Suppliers | 440/4 | €78,070 | €57,532 | -€20,537 | -26.3% |
| Taxes, remuneration and social security | 45 | €52,394 | €53,064 | +€670 | +1.3% |
| Taxes | 450/3 | €26,377 | €24,012 | -€2,365 | -9.0% |
| Remuneration and social security | 454/9 | €26,017 | €29,053 | +€3,035 | +11.7% |
| Accrued charges and deferred income | 492/3 | €8,904 | €6,212 | -€2,692 | -30.2% |
| Remuneration, social security and pensions | 62 | €178,409 | €174,426 | -€3,983 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,180 | €11,328 | +€1,149 | +11.3% |
| Other operating charges | 640/8 | €1,295 | €3,393 | +€2,099 | +162% |
| Gross operating margin | 9900 | €434,872 | €411,463 | -€23,409 | -5.4% |
| Operating profit (loss) | 9901 | €244,989 | €222,316 | -€22,673 | -9.3% |
| Financial income | 75/76B | €11,162 | €882 | -€10,279 | -92.1% |
| Recurring financial income | 75 | €11,162 | €882 | -€10,279 | -92.1% |
| Financial charges | 65/66B | €16,442 | €16,659 | +€217 | +1.3% |
| Recurring financial charges | 65 | €16,442 | €16,659 | +€217 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €239,708 | €206,538 | -€33,170 | -13.8% |
| Income taxes | 67/77 | €6,728 | €6,501 | -€227 | -3.4% |
| Profit (loss) for the period | 9904 | €232,980 | €200,037 | -€32,942 | -14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €232,980 | €200,037 | -€32,942 | -14.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.