OVECO: what changed
Two financial 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.
OVECO
Largest movements
- Receivables within one year -€114,617
down €114,617 (-38.4%), from €298,629 to €184,011
of which Trade receivables: -€118,659
- Cash +€48,765
up €48,765 (+556%), from €8,767 to €57,532
mainly Receivables within one year (+€114,617) and Stocks and contracts (+€22,995)
- Stocks and contracts -€22,995
down €22,995 (-37.7%), from €60,995 to €38,000
of which Contracts in progress: -€20,895
- Tangible fixed assets -€11,983
down €11,983 (-31.3%), from €38,263 to €26,281
of which Furniture and vehicles: -€16,111
- Trade debts -€100,641
down €100,641 (-83.5%), from €120,471 to €19,830
- Tax, wage and social debts -€21,081
down €21,081 (-74.7%), from €28,225 to €7,144
- Reserves +€15,000
up €15,000 (+14.2%), from €106,000 to €121,000
- Other debts +€5,257
up €5,257 (+3.6%), from €146,861 to €152,117
- Gross operating margin -€19,536
down €19,536 (-36.5%), from €53,552 to €34,016
- Depreciation -€8,251
down €8,251 (-38.7%), from €21,327 to €13,075
- Taxes -€2,839
down €2,839 (-32.3%), from €8,797 to €5,958
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €407,954 | €306,540 | -€101,413 | -24.9% |
| Fixed assets | 21/28 | €39,026 | €26,281 | -€12,745 | -32.7% |
| Intangible fixed assets | 21 | €763 | €0 | -€763 | -100% |
| Tangible fixed assets | 22/27 | €38,263 | €26,281 | -€11,983 | -31.3% |
| Plant, machinery and equipment | 23 | €21,693 | €14,282 | -€7,411 | -34.2% |
| Furniture and vehicles | 24 | €16,570 | €459 | -€16,111 | -97.2% |
| Other tangible fixed assets | 26 | - | €11,540 | +€11,540 | |
| Current assets | 29/58 | €368,928 | €280,260 | -€88,668 | -24.0% |
| Stocks and contracts in progress | 3 | €60,995 | €38,000 | -€22,995 | -37.7% |
| Stocks | 30/36 | €40,100 | €38,000 | -€2,100 | -5.2% |
| Contracts in progress | 37 | €20,895 | - | -€20,895 | |
| Amounts receivable within one year | 40/41 | €298,629 | €184,011 | -€114,617 | -38.4% |
| Trade receivables | 40 | €297,629 | €178,969 | -€118,659 | -39.9% |
| Other amounts receivable | 41 | €1,000 | €5,042 | +€4,042 | +404% |
| Cash at bank and in hand | 54/58 | €8,767 | €57,532 | +€48,765 | +556% |
| Deferred charges and accrued income | 490/1 | €537 | €717 | +€179 | +33.4% |
| Total equity and liabilities | 10/49 | €407,954 | €306,540 | -€101,413 | -24.9% |
| Equity | 10/15 | €112,397 | €127,450 | +€15,052 | +13.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €106,000 | €121,000 | +€15,000 | +14.2% |
| Distributable reserves | 133 | €106,000 | €121,000 | +€15,000 | +14.2% |
| Profit (loss) carried forward | 14 | €3,897 | €3,950 | +€52 | +1.3% |
| Amounts payable | 17/49 | €295,557 | €179,091 | -€116,466 | -39.4% |
| Amounts payable within one year | 42/48 | €295,557 | €179,091 | -€116,466 | -39.4% |
| Trade debts | 44 | €120,471 | €19,830 | -€100,641 | -83.5% |
| Suppliers | 440/4 | €120,471 | €19,830 | -€100,641 | -83.5% |
| Taxes, remuneration and social security | 45 | €28,225 | €7,144 | -€21,081 | -74.7% |
| Taxes | 450/3 | €28,225 | €7,144 | -€21,081 | -74.7% |
| Other amounts payable | 47/48 | €146,861 | €152,117 | +€5,257 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,327 | €13,075 | -€8,251 | -38.7% |
| Other operating charges | 640/8 | €763 | €447 | -€316 | -41.4% |
| Gross operating margin | 9900 | €53,552 | €34,016 | -€19,536 | -36.5% |
| Operating profit (loss) | 9901 | €31,462 | €20,494 | -€10,969 | -34.9% |
| Financial income | 75/76B | €1,041 | €1,373 | +€332 | +31.9% |
| Recurring financial income | 75 | €1,041 | €1,373 | +€332 | +31.9% |
| Financial charges | 65/66B | €329 | €857 | +€528 | +161% |
| Recurring financial charges | 65 | €329 | €857 | +€528 | +161% |
| Profit (loss) for the period before taxes | 9903 | €32,175 | €21,010 | -€11,165 | -34.7% |
| Income taxes | 67/77 | €8,797 | €5,958 | -€2,839 | -32.3% |
| Profit (loss) for the period | 9904 | €23,378 | €15,052 | -€8,326 | -35.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,378 | €15,052 | -€8,326 | -35.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.