OLM: what changed
OLM
Largest movements
- Tangible fixed assets +€191,366
up €191,366 (+109%), from €176,031 to €367,397
of which Land and buildings: +€172,412
- Cash -€51,577
down €51,577 (-57.5%), from €89,753 to €38,176
mainly Investment in fixed assets (net) (-€241,194) and Contributions, distributions and other (-€132,622)
- Current investments +€14,105
up €14,105 (+2.7%), from €521,077 to €535,183
- Receivables within one year +€9,980
up €9,980 (+55.2%), from €18,078 to €28,057
of which Other amounts receivable: +€13,765
- Debts after one year +€208,926
up €208,926, from €0 to €208,926
- Reserves -€63,790
down €63,790 (-8.4%), from €755,509 to €691,719
of which Distributable reserves: -€63,790
- Financial income -€44,488
down €44,488 (-73.2%), from €60,782 to €16,294
- Gross operating margin +€20,315
up €20,315 (+11.8%), from €172,849 to €193,164
- Taxes -€9,299
down €9,299 (-22.0%), from €42,337 to €33,039
- Depreciation -€4,609
down €4,609 (-8.5%), from €54,437 to €49,828
- Financial charges +€3,733
up €3,733 (+203%), from €1,835 to €5,568
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €813,353 | €972,580 | +€159,226 | +19.6% |
| Fixed assets | 21/28 | €176,048 | €367,414 | +€191,366 | +109% |
| Tangible fixed assets | 22/27 | €176,031 | €367,397 | +€191,366 | +109% |
| Land and buildings | 22 | €143,999 | €316,411 | +€172,412 | +120% |
| Furniture and vehicles | 24 | €32,032 | €50,986 | +€18,954 | +59.2% |
| Financial fixed assets | 28 | €17 | €17 | = | 0.0% |
| Current assets | 29/58 | €637,305 | €605,166 | -€32,140 | -5.0% |
| Amounts receivable within one year | 40/41 | €18,078 | €28,057 | +€9,980 | +55.2% |
| Trade receivables | 40 | €15,863 | €12,078 | -€3,785 | -23.9% |
| Other amounts receivable | 41 | €2,215 | €15,980 | +€13,765 | +621% |
| Current investments | 50/53 | €521,077 | €535,183 | +€14,105 | +2.7% |
| Cash at bank and in hand | 54/58 | €89,753 | €38,176 | -€51,577 | -57.5% |
| Deferred charges and accrued income | 490/1 | €8,397 | €3,750 | -€4,648 | -55.3% |
| Total equity and liabilities | 10/49 | €813,353 | €972,580 | +€159,226 | +19.6% |
| Equity | 10/15 | €767,909 | €710,719 | -€57,190 | -7.4% |
| Contributions | 10/11 | €12,400 | €19,000 | +€6,600 | +53.2% |
| Reserves | 13 | €755,509 | €691,719 | -€63,790 | -8.4% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €61 | €61 | = | 0.0% |
| Distributable reserves | 133 | €753,549 | €689,758 | -€63,790 | -8.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €45,444 | €261,861 | +€216,417 | +476% |
| Amounts payable after more than one year | 17 | €0 | €208,926 | +€208,926 | |
| Financial debts | 170/4 | €0 | €208,926 | +€208,926 | |
| Amounts payable within one year | 42/48 | €45,350 | €52,631 | +€7,282 | +16.1% |
| Current portion of amounts payable after more than one year | 42 | €12,962 | €11,074 | -€1,888 | -14.6% |
| Trade debts | 44 | €6,479 | €7,996 | +€1,518 | +23.4% |
| Suppliers | 440/4 | €6,479 | €7,996 | +€1,518 | +23.4% |
| Taxes, remuneration and social security | 45 | €15,145 | €24,309 | +€9,164 | +60.5% |
| Taxes | 450/3 | €9,449 | €16,984 | +€7,535 | +79.7% |
| Remuneration and social security | 454/9 | €5,696 | €7,326 | +€1,629 | +28.6% |
| Other amounts payable | 47/48 | €10,764 | €9,251 | -€1,512 | -14.0% |
| Accrued charges and deferred income | 492/3 | €94 | €303 | +€209 | +222% |
| Remuneration, social security and pensions | 62 | €38,192 | €41,144 | +€2,952 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,437 | €49,828 | -€4,609 | -8.5% |
| Other operating charges | 640/8 | €4,182 | €4,447 | +€265 | +6.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €172,849 | €193,164 | +€20,315 | +11.8% |
| Operating profit (loss) | 9901 | €76,039 | €97,745 | +€21,706 | +28.5% |
| Financial income | 75/76B | €60,782 | €16,294 | -€44,488 | -73.2% |
| Recurring financial income | 75 | €60,782 | €16,294 | -€44,488 | -73.2% |
| Financial charges | 65/66B | €1,835 | €5,568 | +€3,733 | +203% |
| Recurring financial charges | 65 | €1,835 | €5,568 | +€3,733 | +203% |
| Profit (loss) for the period before taxes | 9903 | €134,985 | €108,470 | -€26,515 | -19.6% |
| Income taxes | 67/77 | €42,337 | €33,039 | -€9,299 | -22.0% |
| Profit (loss) for the period | 9904 | €92,648 | €75,431 | -€17,217 | -18.6% |
| Profit (loss) for the period to be appropriated | 9905 | €92,648 | €75,431 | -€17,217 | -18.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.