OVANAS: 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.
OVANAS
Largest movements
- Current investments +€147,165
up €147,165 (+21.6%), from €681,120 to €828,285
- Reserves +€172,976
up €172,976 (+27.2%), from €636,570 to €809,546
of which Distributable reserves: +€172,976
- Financial income -€162,921
down €162,921 (-37.9%), from €429,495 to €266,574
- Financial charges +€72,463
up €72,463 (+11808.3%), from €614 to €73,076
- Taxes -€21,246
down €21,246 (-55.1%), from €38,543 to €17,298
- Gross operating margin +€1,434
up €1,434 (+40.8%), from -€3,516 to -€2,082
- Other operating charges -€248
down €248 (-17.8%), from €1,391 to €1,143
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 | €4,072,743 | €4,264,485 | +€191,742 | +4.7% |
| Fixed assets | 21/28 | €3,134,163 | €3,134,163 | = | 0.0% |
| Financial fixed assets | 28 | €3,134,163 | €3,134,163 | = | 0.0% |
| Current assets | 29/58 | €938,580 | €1,130,322 | +€191,742 | +20.4% |
| Amounts receivable within one year | 40/41 | €1,166 | €2,181 | +€1,015 | +87.1% |
| Other amounts receivable | 41 | €1,166 | €2,181 | +€1,015 | +87.1% |
| Current investments | 50/53 | €681,120 | €828,285 | +€147,165 | +21.6% |
| Cash at bank and in hand | 54/58 | €255,009 | €290,776 | +€35,767 | +14.0% |
| Deferred charges and accrued income | 490/1 | €1,286 | €9,080 | +€7,795 | +606.4% |
| Total equity and liabilities | 10/49 | €4,072,743 | €4,264,485 | +€191,742 | +4.7% |
| Equity | 10/15 | €4,034,483 | €4,207,459 | +€172,976 | +4.3% |
| Contributions | 10/11 | €266,576 | €266,576 | = | 0.0% |
| Capital | 10 | €266,576 | €266,576 | = | 0.0% |
| Issued capital | 100 | €266,576 | €266,576 | = | 0.0% |
| Reserves | 13 | €636,570 | €809,546 | +€172,976 | +27.2% |
| Non-distributable reserves | 130/1 | €26,658 | €26,658 | = | 0.0% |
| Legal reserve | 130 | €26,658 | €26,658 | = | 0.0% |
| Distributable reserves | 133 | €609,912 | €782,888 | +€172,976 | +28.4% |
| Profit (loss) carried forward | 14 | €3,131,337 | €3,131,337 | = | 0.0% |
| Amounts payable | 17/49 | €38,260 | €57,026 | +€18,766 | +49.0% |
| Amounts payable within one year | 42/48 | €38,260 | €55,558 | +€17,298 | +45.2% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €38,260 | €55,558 | +€17,298 | +45.2% |
| Taxes | 450/3 | €38,260 | €55,558 | +€17,298 | +45.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €1,468 | +€1,468 | |
| Other operating charges | 640/8 | €1,391 | €1,143 | -€248 | -17.8% |
| Gross operating margin | 9900 | -€3,516 | -€2,082 | +€1,434 | +40.8% |
| Operating profit (loss) | 9901 | -€4,906 | -€3,224 | +€1,682 | +34.3% |
| Financial income | 75/76B | €429,495 | €266,574 | -€162,921 | -37.9% |
| Recurring financial income | 75 | €429,495 | €266,574 | -€162,921 | -37.9% |
| Financial charges | 65/66B | €614 | €73,076 | +€72,463 | +11808.3% |
| Recurring financial charges | 65 | €614 | €73,076 | +€72,463 | +11808.3% |
| Profit (loss) for the period before taxes | 9903 | €423,975 | €190,274 | -€233,702 | -55.1% |
| Income taxes | 67/77 | €38,543 | €17,298 | -€21,246 | -55.1% |
| Profit (loss) for the period | 9904 | €385,432 | €172,976 | -€212,456 | -55.1% |
| Profit (loss) for the period to be appropriated | 9905 | €385,432 | €172,976 | -€212,456 | -55.1% |
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 4 October 2026 via checked.be.