OSVAN: 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.
OSVAN
Largest movements
- Receivables within one year +€754,913
up €754,913 (+86.9%), from €868,729 to €1.6m
of which Other amounts receivable: +€436,815
- Stocks and contracts -€427,832
down €427,832 (-34.4%), from €1.2m to €814,388
- Cash -€77,547
down €77,547 (-73.4%), from €105,710 to €28,164
mainly Receivables within one year (-€754,913) and Tax, wage and social debts (-€28,425)
- Reserves +€161,527
up €161,527 (+7.6%), from €2.1m to €2.3m
of which Distributable reserves: +€161,527
- Trade debts +€127,245
up €127,245 (+703%), from €18,090 to €145,335
- Tax, wage and social debts -€28,425
down €28,425 (-58.2%), from €48,811 to €20,385
of which Remuneration and social security: -€28,326
- Accrued charges and deferred income -€28,191
down €28,191 (-75.6%), from €37,306 to €9,115
- Gross operating margin -€361,151
down €361,151 (-38.7%), from €932,538 to €571,387
- Taxes -€75,355
down €75,355 (-54.1%), from €139,313 to €63,958
- Staff costs -€39,701
down €39,701 (-10.6%), from €375,895 to €336,194
- Financial income +€28,124
up €28,124 (+848%), from €3,316 to €31,440
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 | €2,261,937 | €2,497,092 | +€235,155 | +10.4% |
| Fixed assets | 21/28 | €23,046 | €25,514 | +€2,467 | +10.7% |
| Intangible fixed assets | 21 | €16,948 | €12,276 | -€4,672 | -27.6% |
| Tangible fixed assets | 22/27 | €6,048 | €13,088 | +€7,039 | +116% |
| Furniture and vehicles | 24 | €6,048 | €13,088 | +€7,039 | +116% |
| Financial fixed assets | 28 | €50 | €150 | +€100 | +200% |
| Current assets | 29/58 | €2,238,891 | €2,471,579 | +€232,688 | +10.4% |
| Stocks and contracts in progress | 3 | €1,242,220 | €814,388 | -€427,832 | -34.4% |
| Stocks | 30/36 | €1,242,220 | €814,388 | -€427,832 | -34.4% |
| Amounts receivable within one year | 40/41 | €868,729 | €1,623,642 | +€754,913 | +86.9% |
| Trade receivables | 40 | €207,403 | €525,501 | +€318,097 | +153% |
| Other amounts receivable | 41 | €661,325 | €1,098,141 | +€436,815 | +66.1% |
| Cash at bank and in hand | 54/58 | €105,710 | €28,164 | -€77,547 | -73.4% |
| Deferred charges and accrued income | 490/1 | €22,232 | €5,386 | -€16,846 | -75.8% |
| Total equity and liabilities | 10/49 | €2,261,937 | €2,497,092 | +€235,155 | +10.4% |
| Equity | 10/15 | €2,128,730 | €2,290,257 | +€161,527 | +7.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,122,530 | €2,284,057 | +€161,527 | +7.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €2,120,670 | €2,282,197 | +€161,527 | +7.6% |
| Amounts payable | 17/49 | €133,207 | €206,836 | +€73,629 | +55.3% |
| Amounts payable within one year | 42/48 | €95,901 | €197,721 | +€101,820 | +106% |
| Current portion of amounts payable after more than one year | 42 | €29,000 | €32,000 | +€3,000 | +10.3% |
| Trade debts | 44 | €18,090 | €145,335 | +€127,245 | +703% |
| Suppliers | 440/4 | €18,090 | €145,335 | +€127,245 | +703% |
| Taxes, remuneration and social security | 45 | €48,811 | €20,385 | -€28,425 | -58.2% |
| Taxes | 450/3 | €11,213 | €11,114 | -€99 | -0.9% |
| Remuneration and social security | 454/9 | €37,598 | €9,272 | -€28,326 | -75.3% |
| Accrued charges and deferred income | 492/3 | €37,306 | €9,115 | -€28,191 | -75.6% |
| Non-recurring operating income | 76A | €11,807 | €0 | -€11,807 | -100% |
| Remuneration, social security and pensions | 62 | €375,895 | €336,194 | -€39,701 | -10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,234 | €7,942 | -€1,292 | -14.0% |
| Other operating charges | 640/8 | €18,823 | €23,519 | +€4,696 | +24.9% |
| Non-recurring operating charges | 66A | - | €40 | +€40 | |
| Gross operating margin | 9900 | €932,538 | €571,387 | -€361,151 | -38.7% |
| Operating profit (loss) | 9901 | €528,586 | €203,692 | -€324,894 | -61.5% |
| Financial income | 75/76B | €3,316 | €31,440 | +€28,124 | +848% |
| Recurring financial income | 75 | €3,316 | €31,440 | +€28,124 | +848% |
| Financial charges | 65/66B | €9,901 | €9,648 | -€253 | -2.6% |
| Recurring financial charges | 65 | €9,901 | €9,648 | -€253 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €522,001 | €225,484 | -€296,517 | -56.8% |
| Income taxes | 67/77 | €139,313 | €63,958 | -€75,355 | -54.1% |
| Profit (loss) for the period | 9904 | €382,688 | €161,527 | -€221,161 | -57.8% |
| Profit (loss) for the period to be appropriated | 9905 | €382,688 | €161,527 | -€221,161 | -57.8% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.