O.V.R.: 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
O.V.R.
NACE 47.770, Retail sale of watches and jewellery
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€55,709
2024 · €653,852-€709,561
Equity
€4.4m
2024 · €4.4m-€55,709
Cash
€856,045
2024 · €779,511+€76,534
Balance sheet total
€8.1m
2024 · €8.5m-€488,226
Largest movements
Assets
- Tangible fixed assets -€914,291
down €914,291 (-31.3%), from €2.9m to €2.0m
of which Land and buildings: -€959,527
- Stocks and contracts +€426,096
up €426,096 (+10.7%), from €4.0m to €4.4m
- Intangible fixed assets -€118,387
down €118,387 (-20.1%), from €588,032 to €469,645
Equity and liabilities
- Short-term financial debts -€300,000
no longer reported in 2025 (was €300,000)
- Debts after one year -€197,493
down €197,493 (-8.4%), from €2.4m to €2.2m
Income statement
- Turnover -€7.0m
no longer reported in 2025 (was €7.0m)
- Goods and materials -€4.6m
no longer reported in 2025 (was €4.6m)
of which Purchases: -€4.8m
- Gross operating margin +€1.4m
new in 2025: €1.4m
- Services and other goods -€926,510
no longer reported in 2025 (was €926,510)
- Taxes -€227,107
down €227,107 (-98.3%), from €230,946 to €3,839
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
€653,852
Turnover
-€7.0m
Other operating income
-€26,719
Goods and materials
+€4.6m
Services and other goods
+€926,510
Staff costs
-€56,705
Depreciation
+€37,931
Write-downs
+€1,692
Other operating charges
-€5,882
Other operating items
+€617,798
Financial income
+€2,272
Financial charges
+€7,878
Taxes
+€227,107
Result 2025
-€55,709
raises the resultlowers the resultnot broken down further in the accounts
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
-€144,060
Investment
+€718,804
Financing
-€498,210
Cash 2024
€779,511
From operations (derived)
-€144,060
Net result for the year
-€55,709
Depreciation
+€313,874
Receivables after one year
+€0
Stocks and contracts
-€426,096
Receivables within one year
-€31,350
Deferred charges and accrued income
-€10,473
Trade debts
+€73,569
Tax, wage and social debts
-€11,851
Other debts
+€3,974
Investment (derived)
+€718,804
Investment in fixed assets (net)
+€718,804
Financing
-€498,210
Debts after one year
-€197,493
Current portion of long-term debt
-€717
Short-term financial debts
-€300,000
Contributions, distributions and other
-€0
Cash 2025
€856,045
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,541,724 | €8,053,498 | -€488,226 | -5.7% |
| Fixed assets | 21/28 | €3,505,571 | €2,472,893 | -€1.0m | -29.5% |
| Intangible fixed assets | 21 | €588,032 | €469,645 | -€118,387 | -20.1% |
| Tangible fixed assets | 22/27 | €2,917,539 | €2,003,248 | -€914,291 | -31.3% |
| Land and buildings | 22 | €2,835,359 | €1,875,832 | -€959,527 | -33.8% |
| Plant, machinery and equipment | 23 | €5,811 | €13,797 | +€7,986 | +137% |
| Furniture and vehicles | 24 | €76,368 | €53,619 | -€22,749 | -29.8% |
| Assets under construction and advance payments | 27 | - | €60,000 | +€60,000 | |
| Current assets | 29/58 | €5,036,153 | €5,580,605 | +€544,452 | +10.8% |
| Amounts receivable after more than one year | 29 | €73,454 | €73,454 | -€0 | 0.0% |
| Trade receivables | 290 | €73,454 | €73,454 | -€0 | 0.0% |
| Stocks and contracts in progress | 3 | €3,974,639 | €4,400,735 | +€426,096 | +10.7% |
| Stocks | 30/36 | €3,974,639 | €4,400,735 | +€426,096 | +10.7% |
| Goods purchased for resale | 34 | €3,974,639 | - | -€4.0m | |
| Amounts receivable within one year | 40/41 | €199,610 | €230,960 | +€31,350 | +15.7% |
| Trade receivables | 40 | €142,868 | €30,167 | -€112,701 | -78.9% |
| Other amounts receivable | 41 | €56,742 | €200,793 | +€144,051 | +254% |
| Cash at bank and in hand | 54/58 | €779,511 | €856,045 | +€76,534 | +9.8% |
| Deferred charges and accrued income | 490/1 | €8,939 | €19,411 | +€10,473 | +117% |
| Total equity and liabilities | 10/49 | €8,541,724 | €8,053,498 | -€488,226 | -5.7% |
| Equity | 10/15 | €4,439,760 | €4,384,051 | -€55,709 | -1.3% |
| Contributions | 10/11 | €95,297 | €95,297 | -€0 | 0.0% |
| Reserves | 13 | €4,344,463 | €4,288,754 | -€55,709 | -1.3% |
| Distributable reserves | 133 | €4,344,463 | €4,288,754 | -€55,709 | -1.3% |
| Amounts payable | 17/49 | €4,101,964 | €3,669,447 | -€432,517 | -10.5% |
| Amounts payable after more than one year | 17 | €2,351,167 | €2,153,674 | -€197,493 | -8.4% |
| Financial debts | 170/4 | €2,351,167 | €2,153,674 | -€197,493 | -8.4% |
| Credit institutions | 173 | €2,351,167 | - | -€2.4m | |
| Amounts payable within one year | 42/48 | €1,750,797 | €1,515,773 | -€235,024 | -13.4% |
| Current portion of amounts payable after more than one year | 42 | €198,210 | €197,493 | -€717 | -0.4% |
| Financial debts | 43 | €300,000 | - | -€300,000 | |
| Credit institutions | 430/8 | €300,000 | - | -€300,000 | |
| Trade debts | 44 | €707,055 | €780,624 | +€73,569 | +10.4% |
| Suppliers | 440/4 | €707,055 | €780,624 | +€73,569 | +10.4% |
| Taxes, remuneration and social security | 45 | €57,399 | €45,548 | -€11,851 | -20.6% |
| Taxes | 450/3 | €34,515 | €18,946 | -€15,569 | -45.1% |
| Remuneration and social security | 454/9 | €22,883 | €26,602 | +€3,719 | +16.3% |
| Other amounts payable | 47/48 | €488,134 | €492,108 | +€3,974 | +0.8% |
| Operating income | 70/76A | €7,070,893 | - | -€7.1m | |
| Turnover | 70 | €7,044,174 | - | -€7.0m | |
| Other operating income | 74 | €26,719 | - | -€26,719 | |
| Operating charges | 60/66A | €6,092,473 | - | -€6.1m | |
| Goods for resale, raw materials and consumables | 60 | €4,602,731 | - | -€4.6m | |
| Purchases | 600/8 | €4,808,168 | - | -€4.8m | |
| Change in stocks: decrease (increase) | 609 | -€205,437 | - | +€205,437 | |
| Services and other goods | 61 | €926,510 | - | -€926,510 | |
| Remuneration, social security and pensions | 62 | €177,782 | €234,487 | +€56,705 | +31.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €351,805 | €313,874 | -€37,931 | -10.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €19,057 | €17,365 | -€1,692 | -8.9% |
| Other operating charges | 640/8 | €14,588 | €20,470 | +€5,882 | +40.3% |
| Non-recurring operating charges | 66A | - | €815,652 | +€815,652 | |
| Gross operating margin | 9900 | - | €1,433,450 | +€1.4m | |
| Operating profit (loss) | 9901 | €978,420 | €31,602 | -€946,818 | -96.8% |
| Financial income | 75/76B | €1,323 | €3,595 | +€2,272 | +172% |
| Recurring financial income | 75 | €1,323 | €3,595 | +€2,272 | +172% |
| Income from current assets | 751 | €249 | - | -€249 | |
| Other financial income | 752/9 | €1,074 | - | -€1,074 | |
| Financial charges | 65/66B | €94,945 | €87,067 | -€7,878 | -8.3% |
| Recurring financial charges | 65 | €94,945 | €87,067 | -€7,878 | -8.3% |
| Debt charges | 650 | €74,501 | - | -€74,501 | |
| Other financial charges | 652/9 | €20,444 | - | -€20,444 | |
| Profit (loss) for the period before taxes | 9903 | €884,798 | -€51,870 | -€936,668 | |
| Income taxes | 67/77 | €230,946 | €3,839 | -€227,107 | -98.3% |
| Taxes | 670/3 | €230,946 | - | -€230,946 | |
| Profit (loss) for the period | 9904 | €653,852 | -€55,709 | -€709,561 | |
| Profit (loss) for the period to be appropriated | 9905 | €653,852 | -€55,709 | -€709,561 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.