Ovadis: 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.
Ovadis
Largest movements
- Cash +€40,266
up €40,266 (+88.4%), from €45,551 to €85,817
mainly Net result for the year (+€93,825) and Depreciation (+€10,341)
- Receivables within one year +€14,393
up €14,393 (+25.0%), from €57,595 to €71,989
of which Trade receivables: +€9,724
- Tangible fixed assets -€8,029
down €8,029 (-50.4%), from €15,916 to €7,887
- Deferred charges and accrued income -€1,762
no longer reported in 2025 (was €1,762)
- Profit (loss) carried forward +€93,825
up €93,825 (+275%), from €34,077 to €127,902
- Other debts -€43,192
no longer reported in 2025 (was €43,192)
- Current portion of long-term debt -€4,950
down €4,950 (-58.0%), from €8,526 to €3,577
- Tax, wage and social debts +€4,359
up €4,359 (+44.7%), from €9,747 to €14,105
- Debts after one year -€3,577
no longer reported in 2025 (was €3,577)
- Gross operating margin -€41,673
down €41,673 (-19.8%), from €210,253 to €168,581
- Financial charges +€31,538
up €31,538 (+11,081%), from €285 to €31,822
- Taxes -€18,367
down €18,367 (-36.4%), from €50,499 to €32,132
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 | €120,833 | €165,702 | +€44,869 | +37.1% |
| Fixed assets | 21/28 | €15,916 | €7,887 | -€8,029 | -50.4% |
| Tangible fixed assets | 22/27 | €15,916 | €7,887 | -€8,029 | -50.4% |
| Furniture and vehicles | 24 | €15,916 | €7,887 | -€8,029 | -50.4% |
| Current assets | 29/58 | €104,918 | €157,815 | +€52,898 | +50.4% |
| Amounts receivable within one year | 40/41 | €57,595 | €71,989 | +€14,393 | +25.0% |
| Trade receivables | 40 | €53,095 | €62,819 | +€9,724 | +18.3% |
| Other amounts receivable | 41 | €4,501 | €9,170 | +€4,669 | +104% |
| Current investments | 50/53 | €9 | €9 | +€0 | +0.4% |
| Cash at bank and in hand | 54/58 | €45,551 | €85,817 | +€40,266 | +88.4% |
| Deferred charges and accrued income | 490/1 | €1,762 | - | -€1,762 | |
| Total equity and liabilities | 10/49 | €120,833 | €165,702 | +€44,869 | +37.1% |
| Equity | 10/15 | €52,677 | €146,502 | +€93,825 | +178% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,077 | €127,902 | +€93,825 | +275% |
| Amounts payable | 17/49 | €68,156 | €19,200 | -€48,956 | -71.8% |
| Amounts payable after more than one year | 17 | €3,577 | - | -€3,577 | |
| Financial debts | 170/4 | €3,577 | - | -€3,577 | |
| Amounts payable within one year | 42/48 | €64,579 | €19,200 | -€45,379 | -70.3% |
| Current portion of amounts payable after more than one year | 42 | €8,526 | €3,577 | -€4,950 | -58.0% |
| Trade debts | 44 | €3,114 | €1,518 | -€1,596 | -51.3% |
| Suppliers | 440/4 | €3,114 | €1,518 | -€1,596 | -51.3% |
| Taxes, remuneration and social security | 45 | €9,747 | €14,105 | +€4,359 | +44.7% |
| Taxes | 450/3 | €9,747 | €14,105 | +€4,359 | +44.7% |
| Other amounts payable | 47/48 | €43,192 | - | -€43,192 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,871 | €10,341 | +€471 | +4.8% |
| Other operating charges | 640/8 | €591 | €544 | -€47 | -8.0% |
| Gross operating margin | 9900 | €210,253 | €168,581 | -€41,673 | -19.8% |
| Operating profit (loss) | 9901 | €199,792 | €157,695 | -€42,096 | -21.1% |
| Financial income | 75/76B | - | €84 | +€84 | |
| Recurring financial income | 75 | - | €84 | +€84 | |
| Financial charges | 65/66B | €285 | €31,822 | +€31,538 | +11,081% |
| Recurring financial charges | 65 | €285 | €31,822 | +€31,538 | +11,081% |
| Profit (loss) for the period before taxes | 9903 | €199,507 | €125,957 | -€73,550 | -36.9% |
| Income taxes | 67/77 | €50,499 | €32,132 | -€18,367 | -36.4% |
| Profit (loss) for the period | 9904 | €149,008 | €93,825 | -€55,183 | -37.0% |
| Profit (loss) for the period to be appropriated | 9905 | €149,008 | €93,825 | -€55,183 | -37.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.