OVACO: 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.
OVACO
Largest movements
- Cash +€39,295
up €39,295 (+84.3%), from €46,607 to €85,902
mainly Net result for the year (+€44,945) and Tax, wage and social debts (+€6,628)
- Current investments +€15,000
up €15,000 (+250%), from €6,000 to €21,000
- Tangible fixed assets +€7,804
up €7,804 (+74.8%), from €10,435 to €18,239
of which Furniture and vehicles: +€5,386
- Receivables within one year -€4,582
down €4,582 (-20.4%), from €22,499 to €17,917
of which Other amounts receivable: -€3,750
- Reserves +€45,000
up €45,000 (+68.7%), from €65,500 to €110,500
- Tax, wage and social debts +€6,628
up €6,628 (+88.1%), from €7,527 to €14,155
- Other debts +€6,389
up €6,389 (+102%), from €6,254 to €12,643
- Gross operating margin +€38,966
up €38,966 (+198%), from €19,697 to €58,662
- Taxes +€7,157
up €7,157 (+186%), from €3,848 to €11,004
- Depreciation +€879
up €879 (+138%), from €639 to €1,518
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 | €85,541 | €143,058 | +€57,517 | +67.2% |
| Fixed assets | 21/28 | €10,435 | €18,239 | +€7,804 | +74.8% |
| Tangible fixed assets | 22/27 | €10,435 | €18,239 | +€7,804 | +74.8% |
| Plant, machinery and equipment | 23 | - | €2,130 | +€2,130 | |
| Furniture and vehicles | 24 | - | €5,386 | +€5,386 | |
| Other tangible fixed assets | 26 | €10,435 | €10,723 | +€288 | +2.8% |
| Current assets | 29/58 | €75,106 | €124,819 | +€49,713 | +66.2% |
| Amounts receivable within one year | 40/41 | €22,499 | €17,917 | -€4,582 | -20.4% |
| Trade receivables | 40 | €18,749 | €17,917 | -€832 | -4.4% |
| Other amounts receivable | 41 | €3,750 | - | -€3,750 | |
| Current investments | 50/53 | €6,000 | €21,000 | +€15,000 | +250% |
| Cash at bank and in hand | 54/58 | €46,607 | €85,902 | +€39,295 | +84.3% |
| Total equity and liabilities | 10/49 | €85,541 | €143,058 | +€57,517 | +67.2% |
| Equity | 10/15 | €70,564 | €115,510 | +€44,945 | +63.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €65,500 | €110,500 | +€45,000 | +68.7% |
| Distributable reserves | 133 | €65,500 | €110,500 | +€45,000 | +68.7% |
| Profit (loss) carried forward | 14 | €64 | €10 | -€55 | -85.3% |
| Amounts payable | 17/49 | €14,977 | €27,548 | +€12,572 | +83.9% |
| Amounts payable within one year | 42/48 | €14,227 | €26,798 | +€12,572 | +88.4% |
| Trade debts | 44 | €446 | - | -€446 | |
| Suppliers | 440/4 | €446 | - | -€446 | |
| Taxes, remuneration and social security | 45 | €7,527 | €14,155 | +€6,628 | +88.1% |
| Taxes | 450/3 | €7,527 | €14,155 | +€6,628 | +88.1% |
| Other amounts payable | 47/48 | €6,254 | €12,643 | +€6,389 | +102% |
| Accrued charges and deferred income | 492/3 | €750 | €750 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €639 | €1,518 | +€879 | +138% |
| Other operating charges | 640/8 | €1,392 | €1,015 | -€377 | -27.1% |
| Gross operating margin | 9900 | €19,697 | €58,662 | +€38,966 | +198% |
| Operating profit (loss) | 9901 | €17,666 | €56,130 | +€38,464 | +218% |
| Financial income | 75/76B | €307 | €247 | -€60 | -19.5% |
| Recurring financial income | 75 | €307 | €247 | -€60 | -19.5% |
| Financial charges | 65/66B | €739 | €427 | -€312 | -42.2% |
| Recurring financial charges | 65 | €739 | €427 | -€312 | -42.2% |
| Profit (loss) for the period before taxes | 9903 | €17,234 | €55,949 | +€38,716 | +225% |
| Income taxes | 67/77 | €3,848 | €11,004 | +€7,157 | +186% |
| Profit (loss) for the period | 9904 | €13,386 | €44,945 | +€31,559 | +236% |
| Profit (loss) for the period to be appropriated | 9905 | €13,386 | €44,945 | +€31,559 | +236% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.