OV2HE: 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.
OV2HE
Largest movements
- Cash +€50,910
up €50,910 (+32.1%), from €158,741 to €209,651
mainly Net result for the year (+€46,831) and Stocks and contracts (+€22,453)
- Stocks and contracts -€22,453
down €22,453 (-34.9%), from €64,375 to €41,922
- Receivables within one year +€6,962
up €6,962 (+58.0%), from €11,994 to €18,956
of which Other amounts receivable: +€6,972
- Profit (loss) carried forward +€46,831
up €46,831 (+36.5%), from €128,432 to €175,264
- Debts after one year -€7,233
down €7,233 (-45.0%), from €16,087 to €8,854
- Tax, wage and social debts -€4,364
down €4,364 (-11.8%), from €36,984 to €32,620
of which Taxes: -€8,118
- Staff costs -€7,208
down €7,208 (-20.2%), from €35,610 to €28,402
- Financial charges +€3,920
up €3,920 (+110.4%), from €3,550 to €7,470
of which Non-recurring financial charges: +€4,175
- Gross operating margin -€1,007
down €1,007 (-1.0%), from €96,048 to €95,041
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 | €239,986 | €276,696 | +€36,710 | +15.3% |
| Fixed assets | 21/28 | €3,258 | €3,996 | +€738 | +22.7% |
| Tangible fixed assets | 22/27 | €1,128 | €1,866 | +€738 | +65.5% |
| Plant, machinery and equipment | 23 | €1,128 | €1,866 | +€738 | +65.5% |
| Financial fixed assets | 28 | €2,130 | €2,130 | = | 0.0% |
| Current assets | 29/58 | €236,729 | €272,700 | +€35,972 | +15.2% |
| Stocks and contracts in progress | 3 | €64,375 | €41,922 | -€22,453 | -34.9% |
| Stocks | 30/36 | €64,375 | €41,922 | -€22,453 | -34.9% |
| Amounts receivable within one year | 40/41 | €11,994 | €18,956 | +€6,962 | +58.0% |
| Trade receivables | 40 | €10 | - | -€10 | |
| Other amounts receivable | 41 | €11,984 | €18,956 | +€6,972 | +58.2% |
| Cash at bank and in hand | 54/58 | €158,741 | €209,651 | +€50,910 | +32.1% |
| Deferred charges and accrued income | 490/1 | €1,619 | €2,172 | +€553 | +34.2% |
| Total equity and liabilities | 10/49 | €239,986 | €276,696 | +€36,710 | +15.3% |
| Equity | 10/15 | €148,432 | €195,264 | +€46,831 | +31.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €128,432 | €175,264 | +€46,831 | +36.5% |
| Amounts payable | 17/49 | €91,554 | €81,433 | -€10,121 | -11.1% |
| Amounts payable after more than one year | 17 | €16,087 | €8,854 | -€7,233 | -45.0% |
| Financial debts | 170/4 | €16,087 | €8,854 | -€7,233 | -45.0% |
| Amounts payable within one year | 42/48 | €75,467 | €72,579 | -€2,888 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €6,937 | €7,233 | +€296 | +4.3% |
| Trade debts | 44 | €31,545 | €32,725 | +€1,180 | +3.7% |
| Suppliers | 440/4 | €31,545 | €32,725 | +€1,180 | +3.7% |
| Taxes, remuneration and social security | 45 | €36,984 | €32,620 | -€4,364 | -11.8% |
| Taxes | 450/3 | €34,955 | €26,837 | -€8,118 | -23.2% |
| Remuneration and social security | 454/9 | €2,030 | €5,784 | +€3,754 | +184.9% |
| Remuneration, social security and pensions | 62 | €35,610 | €28,402 | -€7,208 | -20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29 | €485 | +€456 | +1600.5% |
| Other operating charges | 640/8 | - | €70 | +€70 | |
| Gross operating margin | 9900 | €96,048 | €95,041 | -€1,007 | -1.0% |
| Operating profit (loss) | 9901 | €60,410 | €66,084 | +€5,674 | +9.4% |
| Financial income | 75/76B | €399 | €887 | +€488 | +122.5% |
| Recurring financial income | 75 | €399 | €887 | +€488 | +122.5% |
| Financial charges | 65/66B | €3,550 | €7,470 | +€3,920 | +110.4% |
| Recurring financial charges | 65 | €3,550 | €3,295 | -€255 | -7.2% |
| Non-recurring financial charges | 66B | - | €4,175 | +€4,175 | |
| Profit (loss) for the period before taxes | 9903 | €57,259 | €59,502 | +€2,242 | +3.9% |
| Income taxes | 67/77 | €12,143 | €12,670 | +€528 | +4.3% |
| Profit (loss) for the period | 9904 | €45,117 | €46,831 | +€1,715 | +3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €45,117 | €46,831 | +€1,715 | +3.8% |
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 7 October 2026 via checked.be.