OGAVO: what changed
Two fiscal 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.
OGAVO
Largest movements
- Tangible fixed assets -€9,464
no longer reported in 2025 (was €9,464)
- Profit (loss) carried forward -€8,483
down €8,483 (-3.3%), from -€253,714 to -€262,196
- Other debts -€2,500
down €2,500 (-1.0%), from €241,928 to €239,428
- Short-term financial debts +€1,434
up €1,434 (+120.4%), from €1,191 to €2,625
- Depreciation -€860
down €860 (-8.3%), from €10,324 to €9,464
- Gross operating margin +€553
up €553 (+55.8%), from €990 to €1,543
- Financial charges -€355
down €355 (-38.7%), from €917 to €562
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,542 | - | -€9,542 | |
| Fixed assets | 21/28 | €9,464 | - | -€9,464 | |
| Tangible fixed assets | 22/27 | €9,464 | - | -€9,464 | |
| Land and buildings | 22 | €9,464 | - | -€9,464 | |
| Current assets | 29/58 | €79 | - | -€79 | |
| Deferred charges and accrued income | 490/1 | €79 | - | -€79 | |
| Total equity and liabilities | 10/49 | €9,542 | - | -€9,542 | |
| Equity | 10/15 | -€235,114 | -€243,596 | -€8,483 | -3.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€253,714 | -€262,196 | -€8,483 | -3.3% |
| Amounts payable | 17/49 | €244,656 | €243,596 | -€1,060 | -0.4% |
| Amounts payable within one year | 42/48 | €244,656 | €243,596 | -€1,060 | -0.4% |
| Financial debts | 43 | €1,191 | €2,625 | +€1,434 | +120.4% |
| Credit institutions | 430/8 | €1,191 | €2,625 | +€1,434 | +120.4% |
| Trade debts | 44 | €1,537 | €1,543 | +€6 | +0.4% |
| Suppliers | 440/4 | €1,537 | €1,543 | +€6 | +0.4% |
| Other amounts payable | 47/48 | €241,928 | €239,428 | -€2,500 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,324 | €9,464 | -€860 | -8.3% |
| Other operating charges | 640/8 | €0 | - | -€0 | |
| Gross operating margin | 9900 | €990 | €1,543 | +€553 | +55.8% |
| Operating profit (loss) | 9901 | -€9,334 | -€7,920 | +€1,413 | +15.1% |
| Financial charges | 65/66B | €917 | €562 | -€355 | -38.7% |
| Recurring financial charges | 65 | €917 | €562 | -€355 | -38.7% |
| Profit (loss) for the period before taxes | 9903 | -€10,251 | -€8,483 | +€1,768 | +17.2% |
| Profit (loss) for the period | 9904 | -€10,251 | -€8,483 | +€1,768 | +17.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,251 | -€8,483 | +€1,768 | +17.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.