Ovation SAF: 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.
Ovation SAF
Largest movements
- Cash +€78,145
up €78,145 (+61.8%), from €126,507 to €204,652
mainly Net result for the year (+€82,021) and Other debts (+€12,000)
- Tangible fixed assets -€9,022
down €9,022 (-60.0%), from €15,038 to €6,016
- Receivables within one year +€7,903
up €7,903 (+12.1%), from €65,254 to €73,157
of which Other amounts receivable: +€4,467
- Profit (loss) carried forward +€67,021
up €67,021 (+46.6%), from €143,857 to €210,878
- Other debts +€12,000
up €12,000, from €0 to €12,000
- Debts after one year -€7,065
down €7,065 (-70.3%), from €10,048 to €2,983
- Tax, wage and social debts +€4,551
up €4,551 (+10.6%), from €43,002 to €47,553
of which Taxes: +€4,551
- Gross operating margin +€11,806
up €11,806 (+11.4%), from €103,861 to €115,667
- Taxes +€2,583
up €2,583 (+12.4%), from €20,873 to €23,455
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 | €206,798 | €283,825 | +€77,026 | +37.2% |
| Fixed assets | 21/28 | €15,038 | €6,016 | -€9,022 | -60.0% |
| Tangible fixed assets | 22/27 | €15,038 | €6,016 | -€9,022 | -60.0% |
| Furniture and vehicles | 24 | €15,038 | €6,016 | -€9,022 | -60.0% |
| Current assets | 29/58 | €191,760 | €277,809 | +€86,048 | +44.9% |
| Amounts receivable within one year | 40/41 | €65,254 | €73,157 | +€7,903 | +12.1% |
| Trade receivables | 40 | €60,200 | €63,636 | +€3,436 | +5.7% |
| Other amounts receivable | 41 | €5,054 | €9,521 | +€4,467 | +88.4% |
| Cash at bank and in hand | 54/58 | €126,507 | €204,652 | +€78,145 | +61.8% |
| Total equity and liabilities | 10/49 | €206,798 | €283,825 | +€77,026 | +37.2% |
| Equity | 10/15 | €145,857 | €212,878 | +€67,021 | +46.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €143,857 | €210,878 | +€67,021 | +46.6% |
| Amounts payable | 17/49 | €60,942 | €70,947 | +€10,005 | +16.4% |
| Amounts payable after more than one year | 17 | €10,048 | €2,983 | -€7,065 | -70.3% |
| Financial debts | 170/4 | €10,048 | €2,983 | -€7,065 | -70.3% |
| Amounts payable within one year | 42/48 | €50,894 | €67,964 | +€17,070 | +33.5% |
| Current portion of amounts payable after more than one year | 42 | €6,935 | €7,065 | +€130 | +1.9% |
| Trade debts | 44 | €957 | €1,346 | +€389 | +40.7% |
| Suppliers | 440/4 | €957 | €1,346 | +€389 | +40.7% |
| Taxes, remuneration and social security | 45 | €43,002 | €47,553 | +€4,551 | +10.6% |
| Taxes | 450/3 | €43,002 | €47,553 | +€4,551 | +10.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €12,000 | +€12,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,352 | €9,022 | +€670 | +8.0% |
| Other operating charges | 640/8 | €916 | €1,129 | +€213 | +23.3% |
| Gross operating margin | 9900 | €103,861 | €115,667 | +€11,806 | +11.4% |
| Operating profit (loss) | 9901 | €94,593 | €105,516 | +€10,923 | +11.5% |
| Financial income | 75/76B | €0 | €299 | +€299 | |
| Recurring financial income | 75 | €0 | €299 | +€299 | |
| Financial charges | 65/66B | €467 | €338 | -€129 | -27.6% |
| Recurring financial charges | 65 | €467 | €338 | -€129 | -27.6% |
| Profit (loss) for the period before taxes | 9903 | €94,126 | €105,477 | +€11,351 | +12.1% |
| Income taxes | 67/77 | €20,873 | €23,455 | +€2,583 | +12.4% |
| Profit (loss) for the period | 9904 | €73,253 | €82,021 | +€8,768 | +12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €73,253 | €82,021 | +€8,768 | +12.0% |
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 3 October 2026 via checked.be.