OVAL CAPITAL: 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.
OVAL CAPITAL
Largest movements
- Receivables within one year +€78,501
up €78,501 (+126%), from €62,437 to €140,938
of which Trade receivables: +€80,730
- Reserves +€537,462
up €537,462 (+288%), from €186,932 to €724,394
- Debts after one year -€324,301
down €324,301 (-12.0%), from €2.7m to €2.4m
- Other debts -€276,284
down €276,284 (-60.5%), from €457,000 to €180,716
- Trade debts +€126,199
up €126,199 (+955%), from €13,216 to €139,415
- Financial income +€350,000
new in 2025: €350,000
- Gross operating margin +€48,936
up €48,936 (+20.2%), from €242,039 to €290,975
- Taxes +€14,424
up €14,424 (+34.8%), from €41,397 to €55,821
- Financial charges -€8,357
down €8,357 (-14.9%), from €55,953 to €47,596
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 | €3,798,738 | €3,877,545 | +€78,807 | +2.1% |
| Fixed assets | 21/28 | €3,735,000 | €3,735,000 | = | 0.0% |
| Financial fixed assets | 28 | €3,735,000 | €3,735,000 | = | 0.0% |
| Current assets | 29/58 | €63,738 | €142,545 | +€78,807 | +124% |
| Amounts receivable within one year | 40/41 | €62,437 | €140,938 | +€78,501 | +126% |
| Trade receivables | 40 | €53,400 | €134,130 | +€80,730 | +151% |
| Other amounts receivable | 41 | €9,037 | €6,808 | -€2,229 | -24.7% |
| Cash at bank and in hand | 54/58 | €1,301 | €1,607 | +€306 | +23.5% |
| Total equity and liabilities | 10/49 | €3,798,738 | €3,877,545 | +€78,807 | +2.1% |
| Equity | 10/15 | €286,932 | €824,394 | +€537,462 | +187% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €186,932 | €724,394 | +€537,462 | +288% |
| Distributable reserves | 133 | €186,932 | €724,394 | +€537,462 | +288% |
| Amounts payable | 17/49 | €3,511,806 | €3,053,151 | -€458,655 | -13.1% |
| Amounts payable after more than one year | 17 | €2,698,782 | €2,374,480 | -€324,301 | -12.0% |
| Financial debts | 170/4 | €2,698,782 | €2,374,480 | -€324,301 | -12.0% |
| Amounts payable within one year | 42/48 | €807,012 | €672,253 | -€134,759 | -16.7% |
| Current portion of amounts payable after more than one year | 42 | €320,109 | €324,301 | +€4,192 | +1.3% |
| Trade debts | 44 | €13,216 | €139,415 | +€126,199 | +955% |
| Suppliers | 440/4 | €13,216 | €139,415 | +€126,199 | +955% |
| Taxes, remuneration and social security | 45 | €16,686 | €27,821 | +€11,134 | +66.7% |
| Taxes | 450/3 | €16,686 | €27,821 | +€11,134 | +66.7% |
| Other amounts payable | 47/48 | €457,000 | €180,716 | -€276,284 | -60.5% |
| Accrued charges and deferred income | 492/3 | €6,013 | €6,418 | +€405 | +6.7% |
| Other operating charges | 640/8 | €1,310 | €96 | -€1,214 | -92.7% |
| Gross operating margin | 9900 | €242,039 | €290,975 | +€48,936 | +20.2% |
| Operating profit (loss) | 9901 | €240,728 | €290,879 | +€50,150 | +20.8% |
| Financial income | 75/76B | - | €350,000 | +€350,000 | |
| Recurring financial income | 75 | - | €350,000 | +€350,000 | |
| Financial charges | 65/66B | €55,953 | €47,596 | -€8,357 | -14.9% |
| Recurring financial charges | 65 | €55,953 | €47,596 | -€8,357 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €184,775 | €593,283 | +€408,508 | +221% |
| Income taxes | 67/77 | €41,397 | €55,821 | +€14,424 | +34.8% |
| Profit (loss) for the period | 9904 | €143,379 | €537,462 | +€394,084 | +275% |
| Profit (loss) for the period to be appropriated | 9905 | €143,379 | €537,462 | +€394,084 | +275% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.