OVE: 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.
OVE
Largest movements
- Intangible fixed assets -€45,000
down €45,000 (-27.3%), from €165,000 to €120,000
- Tangible fixed assets -€13,171
down €13,171 (-13.8%), from €95,170 to €81,998
- Cash +€11,843
up €11,843 (+17.8%), from €66,473 to €78,316
mainly Depreciation (+€64,370) and Advances received (+€8,025)
- Current investments +€9,672
up €9,672 (+363.6%), from €2,660 to €12,332
- Receivables within one year +€4,764
up €4,764 (+88.9%), from €5,360 to €10,124
of which Other amounts receivable: +€3,732
- Reserves +€34,000
up €34,000 (+53.2%), from €63,859 to €97,859
of which Distributable reserves: +€34,000
- Debts after one year -€30,603
down €30,603 (-42.5%), from €71,944 to €41,342
- Profit (loss) carried forward -€27,887
down €27,887 (-98.1%), from €28,419 to €532
- Other debts -€12,888
down €12,888 (-22.3%), from €57,668 to €44,780
- Advances received +€8,025
up €8,025 (+62.4%), from €12,853 to €20,878
- Depreciation +€17,919
up €17,919 (+38.6%), from €46,451 to €64,370
- Gross operating margin -€8,022
down €8,022 (-7.2%), from €111,371 to €103,349
- Taxes -€6,802
down €6,802 (-58.3%), from €11,670 to €4,868
- Staff costs +€1,575
up €1,575 (+7.0%), from €22,374 to €23,949
- Financial charges +€1,233
up €1,233 (+54.4%), from €2,268 to €3,501
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 | €335,097 | €305,236 | -€29,861 | -8.9% |
| Fixed assets | 21/28 | €260,604 | €202,432 | -€58,171 | -22.3% |
| Intangible fixed assets | 21 | €165,000 | €120,000 | -€45,000 | -27.3% |
| Tangible fixed assets | 22/27 | €95,170 | €81,998 | -€13,171 | -13.8% |
| Furniture and vehicles | 24 | €95,170 | €81,998 | -€13,171 | -13.8% |
| Financial fixed assets | 28 | €434 | €434 | = | 0.0% |
| Current assets | 29/58 | €74,493 | €102,803 | +€28,310 | +38.0% |
| Amounts receivable within one year | 40/41 | €5,360 | €10,124 | +€4,764 | +88.9% |
| Trade receivables | 40 | €5,360 | €6,392 | +€1,032 | +19.3% |
| Other amounts receivable | 41 | - | €3,732 | +€3,732 | |
| Current investments | 50/53 | €2,660 | €12,332 | +€9,672 | +363.6% |
| Cash at bank and in hand | 54/58 | €66,473 | €78,316 | +€11,843 | +17.8% |
| Deferred charges and accrued income | 490/1 | - | €2,032 | +€2,032 | |
| Total equity and liabilities | 10/49 | €335,097 | €305,236 | -€29,861 | -8.9% |
| Equity | 10/15 | €129,279 | €135,391 | +€6,113 | +4.7% |
| Contributions | 10/11 | €37,000 | €37,000 | = | 0.0% |
| Reserves | 13 | €63,859 | €97,859 | +€34,000 | +53.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €62,000 | €96,000 | +€34,000 | +54.8% |
| Profit (loss) carried forward | 14 | €28,419 | €532 | -€27,887 | -98.1% |
| Amounts payable | 17/49 | €205,818 | €169,844 | -€35,974 | -17.5% |
| Amounts payable after more than one year | 17 | €71,944 | €41,342 | -€30,603 | -42.5% |
| Financial debts | 170/4 | €71,944 | €41,342 | -€30,603 | -42.5% |
| Amounts payable within one year | 42/48 | €133,874 | €128,503 | -€5,371 | -4.0% |
| Current portion of amounts payable after more than one year | 42 | €33,778 | €30,290 | -€3,488 | -10.3% |
| Trade debts | 44 | €14,576 | €18,372 | +€3,796 | +26.0% |
| Suppliers | 440/4 | €14,576 | €18,372 | +€3,796 | +26.0% |
| Advances received on contracts in progress | 46 | €12,853 | €20,878 | +€8,025 | +62.4% |
| Taxes, remuneration and social security | 45 | €14,999 | €14,183 | -€816 | -5.4% |
| Taxes | 450/3 | €9,977 | €8,956 | -€1,021 | -10.2% |
| Remuneration and social security | 454/9 | €5,022 | €5,227 | +€205 | +4.1% |
| Other amounts payable | 47/48 | €57,668 | €44,780 | -€12,888 | -22.3% |
| Remuneration, social security and pensions | 62 | €22,374 | €23,949 | +€1,575 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,451 | €64,370 | +€17,919 | +38.6% |
| Other operating charges | 640/8 | €671 | €548 | -€123 | -18.3% |
| Gross operating margin | 9900 | €111,371 | €103,349 | -€8,022 | -7.2% |
| Operating profit (loss) | 9901 | €41,875 | €14,482 | -€27,394 | -65.4% |
| Financial income | 75/76B | €266 | - | -€266 | |
| Recurring financial income | 75 | €266 | - | -€266 | |
| Financial charges | 65/66B | €2,268 | €3,501 | +€1,233 | +54.4% |
| Recurring financial charges | 65 | €2,268 | €3,501 | +€1,233 | +54.4% |
| Profit (loss) for the period before taxes | 9903 | €39,873 | €10,981 | -€28,893 | -72.5% |
| Income taxes | 67/77 | €11,670 | €4,868 | -€6,802 | -58.3% |
| Profit (loss) for the period | 9904 | €28,204 | €6,113 | -€22,091 | -78.3% |
| Profit (loss) for the period to be appropriated | 9905 | €28,204 | €6,113 | -€22,091 | -78.3% |
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 3 October 2026 via checked.be.