OK-HV: 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.
OK-HV
Largest movements
- Current investments +€526,367
new in 2025: €526,367
- Cash -€257,949
down €257,949 (-97.2%), from €265,408 to €7,459
mainly Current investments (-€526,367) and Other debts (-€490,859)
- Tangible fixed assets -€189,334
down €189,334 (-56.3%), from €336,003 to €146,668
- Receivables within one year +€45,380
up €45,380 (+62,224%), from €73 to €45,453
of which Trade receivables: +€45,453
- Reserves +€518,590
up €518,590 (+384%), from €135,126 to €653,716
of which Distributable reserves: +€518,590
- Other debts -€490,859
down €490,859 (-96.5%), from €508,432 to €17,573
- Profit (loss) carried forward +€62,441
up €62,441, from -€62,441 to €0
- Tax, wage and social debts +€21,244
new in 2025: €21,244
- Trade debts +€12,176
up €12,176 (+210%), from €5,791 to €17,967
- Gross operating margin +€1.0m
up €1.0m, from -€14,604 to €1.0m
- Taxes +€296,419
new in 2025: €296,419
- Depreciation -€13,029
down €13,029 (-79.3%), from €16,425 to €3,396
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €605,509 | €729,099 | +€123,591 | +20.4% |
| Fixed assets | 21/28 | €336,003 | €146,668 | -€189,334 | -56.3% |
| Tangible fixed assets | 22/27 | €336,003 | €146,668 | -€189,334 | -56.3% |
| Land and buildings | 22 | €336,003 | €146,668 | -€189,334 | -56.3% |
| Current assets | 29/58 | €269,506 | €582,431 | +€312,925 | +116% |
| Amounts receivable within one year | 40/41 | €73 | €45,453 | +€45,380 | +62,224% |
| Trade receivables | 40 | - | €45,453 | +€45,453 | |
| Other amounts receivable | 41 | €73 | €0 | -€73 | -100% |
| Current investments | 50/53 | - | €526,367 | +€526,367 | |
| Cash at bank and in hand | 54/58 | €265,408 | €7,459 | -€257,949 | -97.2% |
| Deferred charges and accrued income | 490/1 | €4,025 | €3,152 | -€874 | -21.7% |
| Total equity and liabilities | 10/49 | €605,509 | €729,099 | +€123,591 | +20.4% |
| Equity | 10/15 | €91,285 | €672,316 | +€581,030 | +636% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €135,126 | €653,716 | +€518,590 | +384% |
| Tax-exempt reserves | 132 | €3,376 | €3,376 | = | 0.0% |
| Distributable reserves | 133 | €131,750 | €650,340 | +€518,590 | +394% |
| Profit (loss) carried forward | 14 | -€62,441 | €0 | +€62,441 | |
| Amounts payable | 17/49 | €514,223 | €56,783 | -€457,440 | -89.0% |
| Amounts payable within one year | 42/48 | €514,223 | €56,783 | -€457,440 | -89.0% |
| Trade debts | 44 | €5,791 | €17,967 | +€12,176 | +210% |
| Suppliers | 440/4 | €5,791 | €17,967 | +€12,176 | +210% |
| Taxes, remuneration and social security | 45 | - | €21,244 | +€21,244 | |
| Taxes | 450/3 | - | €21,244 | +€21,244 | |
| Other amounts payable | 47/48 | €508,432 | €17,573 | -€490,859 | -96.5% |
| Non-recurring operating income | 76A | - | €1,029,062 | +€1.0m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,425 | €3,396 | -€13,029 | -79.3% |
| Other operating charges | 640/8 | €10,455 | €10,514 | +€59 | +0.6% |
| Gross operating margin | 9900 | -€14,604 | €1,021,062 | +€1.0m | |
| Operating profit (loss) | 9901 | -€41,484 | €1,007,152 | +€1.0m | |
| Financial income | 75/76B | €243 | €584 | +€341 | +140% |
| Recurring financial income | 75 | €243 | €584 | +€341 | +140% |
| Financial charges | 65/66B | €45 | €397 | +€352 | +782% |
| Recurring financial charges | 65 | €45 | €397 | +€352 | +782% |
| Profit (loss) for the period before taxes | 9903 | -€41,286 | €1,007,339 | +€1.0m | |
| Income taxes | 67/77 | - | €296,419 | +€296,419 | |
| Profit (loss) for the period | 9904 | -€41,286 | €710,920 | +€752,206 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,286 | €710,920 | +€752,206 |
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 26 October 2026 via checked.be.