OVAPEDIA: 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.
OVAPEDIA
Largest movements
- Cash -€60,210
down €60,210 (-52.2%), from €115,316 to €55,107
mainly Contributions, distributions and other (-€63,158) and Current investments (-€50,000)
- Current investments +€50,000
up €50,000 (+14.3%), from €350,000 to €400,000
- Reserves -€15,440
down €15,440 (-3.7%), from €414,287 to €398,846
of which Distributable reserves: -€15,440
- Tax, wage and social debts +€8,186
up €8,186 (+179.2%), from €4,567 to €12,754
- Gross operating margin -€33,929
down €33,929 (-33.1%), from €102,503 to €68,574
- Taxes -€9,441
down €9,441 (-33.2%), from €28,470 to €19,028
- Financial charges -€3,920
down €3,920 (-93.9%), from €4,172 to €253
- Other operating charges -€2,048
down €2,048 (-77.9%), from €2,630 to €582
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 | €467,595 | €460,347 | -€7,248 | -1.5% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €1,278 | €3,862 | +€2,584 | +202.1% |
| Tangible fixed assets | 22/27 | €1,278 | €3,862 | +€2,584 | +202.1% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €1,278 | €3,862 | +€2,584 | +202.1% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €466,317 | €456,485 | -€9,831 | -2.1% |
| Amounts receivable within one year | 40/41 | €914 | €1,379 | +€465 | +50.9% |
| Other amounts receivable | 41 | €914 | €1,379 | +€465 | +50.9% |
| Current investments | 50/53 | €350,000 | €400,000 | +€50,000 | +14.3% |
| Cash at bank and in hand | 54/58 | €115,316 | €55,107 | -€60,210 | -52.2% |
| Deferred charges and accrued income | 490/1 | €87 | - | -€87 | |
| Total equity and liabilities | 10/49 | €467,595 | €460,347 | -€7,248 | -1.5% |
| Equity | 10/15 | €459,493 | €444,053 | -€15,440 | -3.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €414,287 | €398,846 | -€15,440 | -3.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €412,427 | €396,986 | -€15,440 | -3.7% |
| Profit (loss) carried forward | 14 | €32,806 | €32,806 | = | 0.0% |
| Amounts payable | 17/49 | €8,102 | €16,294 | +€8,192 | +101.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €8,102 | €16,294 | +€8,192 | +101.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €3,535 | €3,541 | +€6 | +0.2% |
| Suppliers | 440/4 | €3,535 | €3,541 | +€6 | +0.2% |
| Taxes, remuneration and social security | 45 | €4,567 | €12,754 | +€8,186 | +179.2% |
| Taxes | 450/3 | €4,567 | €12,754 | +€8,186 | +179.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €856 | €1,045 | +€189 | +22.1% |
| Other operating charges | 640/8 | €2,630 | €582 | -€2,048 | -77.9% |
| Gross operating margin | 9900 | €102,503 | €68,574 | -€33,929 | -33.1% |
| Operating profit (loss) | 9901 | €99,017 | €66,946 | -€32,070 | -32.4% |
| Financial income | 75/76B | - | €53 | +€53 | |
| Recurring financial income | 75 | - | €53 | +€53 | |
| Financial charges | 65/66B | €4,172 | €253 | -€3,920 | -93.9% |
| Recurring financial charges | 65 | €4,172 | €253 | -€3,920 | -93.9% |
| Profit (loss) for the period before taxes | 9903 | €94,844 | €66,746 | -€28,098 | -29.6% |
| Income taxes | 67/77 | €28,470 | €19,028 | -€9,441 | -33.2% |
| Profit (loss) for the period | 9904 | €66,375 | €47,718 | -€18,657 | -28.1% |
| Profit (loss) for the period to be appropriated | 9905 | €66,375 | €47,718 | -€18,657 | -28.1% |
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.