OVDB: 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.
OVDB
Largest movements
- Cash +€532,629
up €532,629 (+109.4%), from €486,702 to €1.0m
mainly Net result for the year (+€507,126) and Tax, wage and social debts (+€35,882)
- Reserves +€494,119
up €494,119 (+172.8%), from €285,948 to €780,067
of which Distributable reserves: +€494,119
- Tax, wage and social debts +€35,882
up €35,882 (+116.0%), from €30,929 to €66,811
- Financial income +€300,005
up €300,005 (+150.0%), from €200,000 to €500,005
- Taxes +€27,918
up €27,918 (+73.3%), from €38,070 to €65,988
- Gross operating margin +€10,418
up €10,418 (+12.0%), from €86,733 to €97,151
- Financial charges -€2,540
down €2,540 (-10.7%), from €23,828 to €21,289
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 | €1,011,358 | €1,544,063 | +€532,705 | +52.7% |
| Fixed assets | 21/28 | €501,368 | €500,591 | -€777 | -0.2% |
| Tangible fixed assets | 22/27 | €1,368 | €591 | -€777 | -56.8% |
| Furniture and vehicles | 24 | €1,368 | €591 | -€777 | -56.8% |
| Financial fixed assets | 28 | €500,000 | €500,000 | = | 0.0% |
| Current assets | 29/58 | €509,991 | €1,043,473 | +€533,482 | +104.6% |
| Amounts receivable within one year | 40/41 | €22,606 | €23,415 | +€809 | +3.6% |
| Trade receivables | 40 | €22,606 | €23,415 | +€809 | +3.6% |
| Cash at bank and in hand | 54/58 | €486,702 | €1,019,331 | +€532,629 | +109.4% |
| Deferred charges and accrued income | 490/1 | €683 | €726 | +€43 | +6.3% |
| Total equity and liabilities | 10/49 | €1,011,358 | €1,544,063 | +€532,705 | +52.7% |
| Equity | 10/15 | €651,048 | €1,145,167 | +€494,119 | +75.9% |
| Contributions | 10/11 | €287,100 | €287,100 | = | 0.0% |
| Reserves | 13 | €285,948 | €780,067 | +€494,119 | +172.8% |
| Non-distributable reserves | 130/1 | €6,485 | €6,485 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,485 | €6,485 | = | 0.0% |
| Distributable reserves | 133 | €279,463 | €773,582 | +€494,119 | +176.8% |
| Profit (loss) carried forward | 14 | €78,001 | €78,001 | = | 0.0% |
| Amounts payable | 17/49 | €360,310 | €398,896 | +€38,586 | +10.7% |
| Amounts payable within one year | 42/48 | €360,310 | €398,896 | +€38,586 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €921 | €290 | -€632 | -68.6% |
| Suppliers | 440/4 | €921 | €290 | -€632 | -68.6% |
| Taxes, remuneration and social security | 45 | €30,929 | €66,811 | +€35,882 | +116.0% |
| Taxes | 450/3 | €30,929 | €66,811 | +€35,882 | +116.0% |
| Other amounts payable | 47/48 | €328,460 | €331,795 | +€3,335 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €777 | €777 | = | 0.0% |
| Other operating charges | 640/8 | €1,966 | €1,978 | +€12 | +0.6% |
| Gross operating margin | 9900 | €86,733 | €97,151 | +€10,418 | +12.0% |
| Operating profit (loss) | 9901 | €83,991 | €94,397 | +€10,406 | +12.4% |
| Financial income | 75/76B | €200,000 | €500,005 | +€300,005 | +150.0% |
| Recurring financial income | 75 | €200,000 | €500,005 | +€300,005 | +150.0% |
| Financial charges | 65/66B | €23,828 | €21,289 | -€2,540 | -10.7% |
| Recurring financial charges | 65 | €23,828 | €21,289 | -€2,540 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €260,162 | €573,113 | +€312,951 | +120.3% |
| Income taxes | 67/77 | €38,070 | €65,988 | +€27,918 | +73.3% |
| Profit (loss) for the period | 9904 | €222,092 | €507,126 | +€285,033 | +128.3% |
| Profit (loss) for the period to be appropriated | 9905 | €222,092 | €507,126 | +€285,033 | +128.3% |
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 30 September 2026 via checked.be.