OVANCO: 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.
OVANCO
Largest movements
- Cash +€37,625
up €37,625 (+63.4%), from €59,372 to €96,998
mainly Depreciation (+€38,745) and Trade debts (+€18,158)
- Tangible fixed assets -€28,666
down €28,666 (-10.3%), from €279,651 to €250,986
of which Land and buildings: -€17,462
- Receivables within one year -€7,165
down €7,165 (-4.4%), from €164,477 to €157,312
of which Trade receivables: -€34,210
- Debts after one year -€32,705
down €32,705 (-18.9%), from €172,909 to €140,205
- Trade debts +€18,158
up €18,158 (+41722.5%), from €44 to €18,201
- Reserves +€17,161
up €17,161 (+7.4%), from €230,776 to €247,937
of which Distributable reserves: +€23,843
- Gross operating margin +€13,715
up €13,715 (+18.4%), from €74,520 to €88,235
- Other operating charges +€11,524
up €11,524 (+114.1%), from €10,099 to €21,622
- Depreciation +€3,166
up €3,166 (+8.9%), from €35,579 to €38,745
- Financial charges -€1,705
down €1,705 (-24.1%), from €7,086 to €5,380
- Staff costs -€1,600
down €1,600 (-100.0%), from €1,600 to €0
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 | €508,755 | €506,639 | -€2,117 | -0.4% |
| Fixed assets | 21/28 | €283,837 | €251,261 | -€32,577 | -11.5% |
| Tangible fixed assets | 22/27 | €279,651 | €250,986 | -€28,666 | -10.3% |
| Land and buildings | 22 | €229,909 | €212,447 | -€17,462 | -7.6% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Leasing and similar rights | 25 | €43,313 | €32,945 | -€10,368 | -23.9% |
| Other tangible fixed assets | 26 | €6,429 | €5,593 | -€836 | -13.0% |
| Financial fixed assets | 28 | €4,186 | €275 | -€3,911 | -93.4% |
| Current assets | 29/58 | €224,918 | €255,378 | +€30,460 | +13.5% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €164,477 | €157,312 | -€7,165 | -4.4% |
| Trade receivables | 40 | €51,088 | €16,878 | -€34,210 | -67.0% |
| Other amounts receivable | 41 | €113,389 | €140,434 | +€27,045 | +23.9% |
| Cash at bank and in hand | 54/58 | €59,372 | €96,998 | +€37,625 | +63.4% |
| Deferred charges and accrued income | 490/1 | €1,068 | €1,068 | +€0 | 0.0% |
| Total equity and liabilities | 10/49 | €508,755 | €506,639 | -€2,117 | -0.4% |
| Equity | 10/15 | €261,776 | €278,937 | +€17,161 | +6.6% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €230,776 | €247,937 | +€17,161 | +7.4% |
| Tax-exempt reserves | 132 | €53,462 | €46,779 | -€6,683 | -12.5% |
| Distributable reserves | 133 | €177,315 | €201,158 | +€23,843 | +13.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €13,701 | €11,989 | -€1,713 | -12.5% |
| Deferred taxes | 168 | €13,701 | €11,989 | -€1,713 | -12.5% |
| Amounts payable | 17/49 | €233,278 | €215,713 | -€17,565 | -7.5% |
| Amounts payable after more than one year | 17 | €172,909 | €140,205 | -€32,705 | -18.9% |
| Financial debts | 170/4 | €172,909 | €140,205 | -€32,705 | -18.9% |
| Amounts payable within one year | 42/48 | €60,368 | €75,508 | +€15,140 | +25.1% |
| Current portion of amounts payable after more than one year | 42 | €31,868 | €32,705 | +€836 | +2.6% |
| Financial debts | 43 | €3,323 | €3,300 | -€23 | -0.7% |
| Credit institutions | 430/8 | €3,323 | €3,300 | -€23 | -0.7% |
| Trade debts | 44 | €44 | €18,201 | +€18,158 | +41722.5% |
| Suppliers | 440/4 | €44 | €18,201 | +€18,158 | +41722.5% |
| Taxes, remuneration and social security | 45 | €14,334 | €9,303 | -€5,031 | -35.1% |
| Taxes | 450/3 | €14,334 | €9,303 | -€5,031 | -35.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €10,800 | €12,000 | +€1,200 | +11.1% |
| Remuneration, social security and pensions | 62 | €1,600 | €0 | -€1,600 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,579 | €38,745 | +€3,166 | +8.9% |
| Other operating charges | 640/8 | €10,099 | €21,622 | +€11,524 | +114.1% |
| Gross operating margin | 9900 | €74,520 | €88,235 | +€13,715 | +18.4% |
| Operating profit (loss) | 9901 | €27,242 | €27,868 | +€626 | +2.3% |
| Financial income | 75/76B | €5,389 | €6,229 | +€839 | +15.6% |
| Recurring financial income | 75 | €5,389 | €6,229 | +€839 | +15.6% |
| Financial charges | 65/66B | €7,086 | €5,380 | -€1,705 | -24.1% |
| Recurring financial charges | 65 | €7,086 | €5,380 | -€1,705 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | €25,546 | €28,717 | +€3,171 | +12.4% |
| Transfer from deferred taxes | 780 | €1,713 | €1,713 | = | 0.0% |
| Income taxes | 67/77 | €13,026 | €13,269 | +€242 | +1.9% |
| Profit (loss) for the period | 9904 | €14,232 | €17,161 | +€2,929 | +20.6% |
| Transfer from tax-exempt reserves | 789 | €6,683 | €6,683 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,915 | €23,843 | +€2,929 | +14.0% |
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 4 October 2026 via checked.be.