OVACO: 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.
OVACO
Largest movements
- Tangible fixed assets +€29,503
up €29,503 (+131.6%), from €22,420 to €51,923
of which Furniture and vehicles: +€22,036
- Receivables within one year +€12,773
up €12,773 (+98.4%), from €12,980 to €25,753
of which Trade receivables: +€11,491
- Deferred charges and accrued income +€6,000
new in 2025: €6,000
- Cash -€1,427
down €1,427 (-25.5%), from €5,592 to €4,165
mainly Investment in fixed assets (net) (-€45,673) and Receivables within one year (-€12,773)
- Debts after one year +€27,747
up €27,747 (+227.4%), from €12,202 to €39,950
- Current portion of long-term debt +€10,790
up €10,790 (+113.5%), from €9,502 to €20,292
- Accrued charges and deferred income +€5,920
new in 2025: €5,920
- Tax, wage and social debts +€2,253
up €2,253 (+66.2%), from €3,402 to €5,655
- Trade debts +€1,748
up €1,748 (+59.0%), from €2,964 to €4,712
- Gross operating margin +€11,416
up €11,416 (+123.1%), from €9,272 to €20,688
- Depreciation +€5,665
up €5,665 (+53.9%), from €10,505 to €16,170
- Taxes +€2,246
up €2,246 (+854.4%), from €263 to €2,509
- Financial charges +€1,552
up €1,552 (+199.4%), from €779 to €2,331
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 | €40,992 | €87,840 | +€46,848 | +114.3% |
| Fixed assets | 21/28 | €22,420 | €51,923 | +€29,503 | +131.6% |
| Tangible fixed assets | 22/27 | €22,420 | €51,923 | +€29,503 | +131.6% |
| Furniture and vehicles | 24 | €22,420 | €44,456 | +€22,036 | +98.3% |
| Other tangible fixed assets | 26 | - | €7,467 | +€7,467 | |
| Current assets | 29/58 | €18,572 | €35,918 | +€17,345 | +93.4% |
| Amounts receivable within one year | 40/41 | €12,980 | €25,753 | +€12,773 | +98.4% |
| Trade receivables | 40 | €6,558 | €18,049 | +€11,491 | +175.2% |
| Other amounts receivable | 41 | €6,422 | €7,703 | +€1,282 | +20.0% |
| Cash at bank and in hand | 54/58 | €5,592 | €4,165 | -€1,427 | -25.5% |
| Deferred charges and accrued income | 490/1 | - | €6,000 | +€6,000 | |
| Total equity and liabilities | 10/49 | €40,992 | €87,840 | +€46,848 | +114.3% |
| Equity | 10/15 | €12,922 | €11,311 | -€1,611 | -12.5% |
| Contributions | 10/11 | €30 | €30 | = | 0.0% |
| Reserves | 13 | €12,892 | €11,281 | -€1,611 | -12.5% |
| Distributable reserves | 133 | €12,892 | €11,281 | -€1,611 | -12.5% |
| Amounts payable | 17/49 | €28,070 | €76,529 | +€48,459 | +172.6% |
| Amounts payable after more than one year | 17 | €12,202 | €39,950 | +€27,747 | +227.4% |
| Financial debts | 170/4 | €12,202 | €39,950 | +€27,747 | +227.4% |
| Amounts payable within one year | 42/48 | €15,868 | €30,659 | +€14,791 | +93.2% |
| Current portion of amounts payable after more than one year | 42 | €9,502 | €20,292 | +€10,790 | +113.5% |
| Trade debts | 44 | €2,964 | €4,712 | +€1,748 | +59.0% |
| Suppliers | 440/4 | €2,964 | €4,712 | +€1,748 | +59.0% |
| Taxes, remuneration and social security | 45 | €3,402 | €5,655 | +€2,253 | +66.2% |
| Taxes | 450/3 | €3,402 | €5,655 | +€2,253 | +66.2% |
| Accrued charges and deferred income | 492/3 | - | €5,920 | +€5,920 | |
| Non-recurring operating income | 76A | - | €721 | +€721 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,505 | €16,170 | +€5,665 | +53.9% |
| Other operating charges | 640/8 | €1,152 | €1,288 | +€137 | +11.9% |
| Gross operating margin | 9900 | €9,272 | €20,688 | +€11,416 | +123.1% |
| Operating profit (loss) | 9901 | -€2,385 | €3,229 | +€5,614 | |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €779 | €2,331 | +€1,552 | +199.4% |
| Recurring financial charges | 65 | €779 | €2,331 | +€1,552 | +199.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,164 | €899 | +€4,062 | |
| Income taxes | 67/77 | €263 | €2,509 | +€2,246 | +854.4% |
| Profit (loss) for the period | 9904 | -€3,427 | -€1,611 | +€1,816 | +53.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,427 | -€1,611 | +€1,816 | +53.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.