OVDW: 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.
OVDW
Largest movements
- Current investments +€90,000
new in 2025: €90,000
- Cash -€28,756
down €28,756 (-42.2%), from €68,188 to €39,432
mainly Current investments (-€90,000) and Contributions, distributions and other (-€5,000)
- Receivables within one year +€3,086
up €3,086 (+29.8%), from €10,345 to €13,430
of which Trade receivables: +€3,086
- Reserves +€61,860
up €61,860 (+85.6%), from €72,294 to €134,153
- Tax, wage and social debts +€4,477
up €4,477 (+89.2%), from €5,021 to €9,499
- Other debts -€1,531
down €1,531 (-100.0%), from €1,531 to €0
- Gross operating margin +€29,383
up €29,383 (+52.2%), from €56,309 to €85,692
- Taxes +€6,003
up €6,003 (+52.5%), from €11,440 to €17,443
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 | €79,951 | €144,633 | +€64,682 | +80.9% |
| Fixed assets | 21/28 | €1,418 | €651 | -€767 | -54.1% |
| Tangible fixed assets | 22/27 | €1,418 | €651 | -€767 | -54.1% |
| Plant, machinery and equipment | 23 | €1,418 | €651 | -€767 | -54.1% |
| Current assets | 29/58 | €78,533 | €143,983 | +€65,449 | +83.3% |
| Amounts receivable within one year | 40/41 | €10,345 | €13,430 | +€3,086 | +29.8% |
| Trade receivables | 40 | €10,285 | €13,371 | +€3,086 | +30.0% |
| Other amounts receivable | 41 | €60 | €60 | = | 0.0% |
| Current investments | 50/53 | - | €90,000 | +€90,000 | |
| Cash at bank and in hand | 54/58 | €68,188 | €39,432 | -€28,756 | -42.2% |
| Deferred charges and accrued income | 490/1 | - | €1,120 | +€1,120 | |
| Total equity and liabilities | 10/49 | €79,951 | €144,633 | +€64,682 | +80.9% |
| Equity | 10/15 | €72,580 | €134,403 | +€61,824 | +85.2% |
| Contributions | 10/11 | €250 | €250 | = | 0.0% |
| Reserves | 13 | €72,294 | €134,153 | +€61,860 | +85.6% |
| Distributable reserves | 133 | €72,294 | €134,153 | +€61,860 | +85.6% |
| Profit (loss) carried forward | 14 | €36 | €0 | -€36 | -100.0% |
| Amounts payable | 17/49 | €7,371 | €10,230 | +€2,859 | +38.8% |
| Amounts payable within one year | 42/48 | €7,371 | €10,230 | +€2,859 | +38.8% |
| Trade debts | 44 | €818 | €731 | -€87 | -10.7% |
| Suppliers | 440/4 | €818 | €731 | -€87 | -10.7% |
| Taxes, remuneration and social security | 45 | €5,021 | €9,499 | +€4,477 | +89.2% |
| Taxes | 450/3 | €5,021 | €9,499 | +€4,477 | +89.2% |
| Other amounts payable | 47/48 | €1,531 | €0 | -€1,531 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €577 | €767 | +€190 | +33.0% |
| Other operating charges | 640/8 | €268 | €271 | +€3 | +1.2% |
| Non-recurring operating charges | 66A | €303 | €0 | -€303 | -100.0% |
| Gross operating margin | 9900 | €56,309 | €85,692 | +€29,383 | +52.2% |
| Operating profit (loss) | 9901 | €55,162 | €84,654 | +€29,492 | +53.5% |
| Financial income | 75/76B | €417 | €687 | +€270 | +64.8% |
| Recurring financial income | 75 | €417 | €687 | +€270 | +64.8% |
| Financial charges | 65/66B | €1,257 | €1,075 | -€183 | -14.5% |
| Recurring financial charges | 65 | €1,257 | €1,075 | -€183 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €54,321 | €84,267 | +€29,945 | +55.1% |
| Income taxes | 67/77 | €11,440 | €17,443 | +€6,003 | +52.5% |
| Profit (loss) for the period | 9904 | €42,881 | €66,824 | +€23,942 | +55.8% |
| Profit (loss) for the period to be appropriated | 9905 | €42,881 | €66,824 | +€23,942 | +55.8% |
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.