OSTOVAN: 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.
OSTOVAN
Largest movements
- Tangible fixed assets -€25,695
down €25,695 (-30.3%), from €84,874 to €59,179
of which Plant, machinery and equipment: -€19,440
- Cash +€8,347
up €8,347 (+1278.1%), from €653 to €9,000
mainly Net result for the year (+€29,944) and Depreciation (+€29,796)
- Receivables within one year -€7,281
down €7,281 (-7.0%), from €104,577 to €97,296
of which Other amounts receivable: -€10,752
- Reserves -€16,588
down €16,588 (-12.8%), from €129,782 to €113,194
of which Distributable reserves: -€16,588
- Other debts -€6,618
down €6,618 (-12.5%), from €53,150 to €46,532
- Tax, wage and social debts -€2,086
down €2,086 (-18.7%), from €11,133 to €9,047
of which Taxes: -€6,361
- Staff costs +€16,404
up €16,404 (+54.5%), from €30,080 to €46,484
- Gross operating margin -€13,109
down €13,109 (-8.9%), from €146,771 to €133,662
- Other operating charges -€4,715
down €4,715 (-41.3%), from €11,413 to €6,697
- Taxes -€3,931
down €3,931 (-24.3%), from €16,201 to €12,270
- Depreciation -€2,414
down €2,414 (-7.5%), from €32,210 to €29,796
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 | €207,648 | €184,809 | -€22,839 | -11.0% |
| Fixed assets | 21/28 | €84,874 | €59,179 | -€25,695 | -30.3% |
| Tangible fixed assets | 22/27 | €84,874 | €59,179 | -€25,695 | -30.3% |
| Plant, machinery and equipment | 23 | €61,523 | €42,083 | -€19,440 | -31.6% |
| Furniture and vehicles | 24 | €23,352 | €17,097 | -€6,255 | -26.8% |
| Current assets | 29/58 | €122,773 | €125,630 | +€2,856 | +2.3% |
| Amounts receivable within one year | 40/41 | €104,577 | €97,296 | -€7,281 | -7.0% |
| Trade receivables | 40 | - | €3,471 | +€3,471 | |
| Other amounts receivable | 41 | €104,577 | €93,825 | -€10,752 | -10.3% |
| Cash at bank and in hand | 54/58 | €653 | €9,000 | +€8,347 | +1278.1% |
| Deferred charges and accrued income | 490/1 | €17,543 | €19,333 | +€1,790 | +10.2% |
| Total equity and liabilities | 10/49 | €207,648 | €184,809 | -€22,839 | -11.0% |
| Equity | 10/15 | €129,882 | €113,294 | -€16,588 | -12.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €129,782 | €113,194 | -€16,588 | -12.8% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €111,032 | €94,444 | -€16,588 | -14.9% |
| Amounts payable | 17/49 | €77,766 | €71,515 | -€6,251 | -8.0% |
| Amounts payable within one year | 42/48 | €75,166 | €67,474 | -€7,692 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €6,042 | €5,741 | -€302 | -5.0% |
| Trade debts | 44 | €4,840 | €6,155 | +€1,314 | +27.2% |
| Suppliers | 440/4 | €4,840 | €6,155 | +€1,314 | +27.2% |
| Taxes, remuneration and social security | 45 | €11,133 | €9,047 | -€2,086 | -18.7% |
| Taxes | 450/3 | €6,361 | - | -€6,361 | |
| Remuneration and social security | 454/9 | €4,773 | €9,047 | +€4,274 | +89.6% |
| Other amounts payable | 47/48 | €53,150 | €46,532 | -€6,618 | -12.5% |
| Accrued charges and deferred income | 492/3 | €2,600 | €4,041 | +€1,441 | +55.4% |
| Remuneration, social security and pensions | 62 | €30,080 | €46,484 | +€16,404 | +54.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,210 | €29,796 | -€2,414 | -7.5% |
| Other operating charges | 640/8 | €11,413 | €6,697 | -€4,715 | -41.3% |
| Non-recurring operating charges | 66A | - | €4,224 | +€4,224 | |
| Gross operating margin | 9900 | €146,771 | €133,662 | -€13,109 | -8.9% |
| Operating profit (loss) | 9901 | €73,068 | €46,460 | -€26,608 | -36.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €4,444 | €4,247 | -€197 | -4.4% |
| Recurring financial charges | 65 | €4,444 | €4,247 | -€197 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €68,624 | €42,214 | -€26,411 | -38.5% |
| Income taxes | 67/77 | €16,201 | €12,270 | -€3,931 | -24.3% |
| Profit (loss) for the period | 9904 | €52,424 | €29,944 | -€22,480 | -42.9% |
| Profit (loss) for the period to be appropriated | 9905 | €52,424 | €29,944 | -€22,480 | -42.9% |
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 4 October 2026 via checked.be.