O.VG: 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.
O.VG
Largest movements
- Tangible fixed assets +€216,608
up €216,608 (+5742.2%), from €3,772 to €220,380
of which Land and buildings: +€217,800
- Receivables within one year -€37,701
no longer reported in 2025 (was €37,701)
- Cash -€6,724
down €6,724 (-11.2%), from €59,855 to €53,130
mainly Investment in fixed assets (net) (-€217,800) and Net result for the year (-€15,302)
- Debts after one year +€181,919
new in 2025: €181,919
- Reserves -€15,302
down €15,302 (-20.3%), from €75,251 to €59,949
- Current portion of long-term debt +€7,443
new in 2025: €7,443
- Gross operating margin -€76,700
down €76,700 (-79.3%), from €96,739 to €20,039
- Other operating charges +€28,067
up €28,067 (+6211.1%), from €452 to €28,519
- Taxes -€19,363
down €19,363 (-99.3%), from €19,495 to €132
- Financial charges +€4,816
up €4,816 (+705.6%), from €683 to €5,498
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.
Cash bridge derived
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 | €101,328 | €274,176 | +€172,848 | +170.6% |
| Fixed assets | 21/28 | €3,772 | €220,380 | +€216,608 | +5742.2% |
| Tangible fixed assets | 22/27 | €3,772 | €220,380 | +€216,608 | +5742.2% |
| Land and buildings | 22 | - | €217,800 | +€217,800 | |
| Plant, machinery and equipment | 23 | €3,772 | €2,580 | -€1,192 | -31.6% |
| Current assets | 29/58 | €97,555 | €53,795 | -€43,760 | -44.9% |
| Amounts receivable within one year | 40/41 | €37,701 | - | -€37,701 | |
| Trade receivables | 40 | €37,701 | - | -€37,701 | |
| Cash at bank and in hand | 54/58 | €59,855 | €53,130 | -€6,724 | -11.2% |
| Deferred charges and accrued income | 490/1 | - | €665 | +€665 | |
| Total equity and liabilities | 10/49 | €101,328 | €274,176 | +€172,848 | +170.6% |
| Equity | 10/15 | €80,251 | €64,949 | -€15,302 | -19.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €75,251 | €59,949 | -€15,302 | -20.3% |
| Distributable reserves | 133 | €75,251 | €59,949 | -€15,302 | -20.3% |
| Amounts payable | 17/49 | €21,076 | €209,226 | +€188,150 | +892.7% |
| Amounts payable after more than one year | 17 | - | €181,919 | +€181,919 | |
| Financial debts | 170/4 | - | €181,919 | +€181,919 | |
| Amounts payable within one year | 42/48 | €21,076 | €27,307 | +€6,231 | +29.6% |
| Current portion of amounts payable after more than one year | 42 | - | €7,443 | +€7,443 | |
| Trade debts | 44 | €150 | €116 | -€34 | -22.6% |
| Suppliers | 440/4 | €150 | €116 | -€34 | -22.6% |
| Taxes, remuneration and social security | 45 | €19,495 | €19,627 | +€132 | +0.7% |
| Taxes | 450/3 | €19,495 | €19,627 | +€132 | +0.7% |
| Other amounts payable | 47/48 | €1,432 | €121 | -€1,311 | -91.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €859 | €1,192 | +€333 | +38.8% |
| Other operating charges | 640/8 | €452 | €28,519 | +€28,067 | +6211.1% |
| Gross operating margin | 9900 | €96,739 | €20,039 | -€76,700 | -79.3% |
| Operating profit (loss) | 9901 | €95,428 | -€9,672 | -€105,100 | |
| Financial charges | 65/66B | €683 | €5,498 | +€4,816 | +705.6% |
| Recurring financial charges | 65 | €683 | €5,498 | +€4,816 | +705.6% |
| Profit (loss) for the period before taxes | 9903 | €94,746 | -€15,170 | -€109,916 | |
| Income taxes | 67/77 | €19,495 | €132 | -€19,363 | -99.3% |
| Profit (loss) for the period | 9904 | €75,251 | -€15,302 | -€90,553 | |
| Profit (loss) for the period to be appropriated | 9905 | €75,251 | -€15,302 | -€90,553 |
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 11 October 2026 via checked.be.