OVELEC RENOVATION: what changed
OVELEC RENOVATION
Largest movements
- Cash +€105,355
up €105,355 (+43.9%), from €239,914 to €345,269
mainly Net result for the year (+€84,195) and Trade debts (+€21,293)
- Tangible fixed assets -€17,357
down €17,357 (-32.2%), from €53,939 to €36,582
of which Furniture and vehicles: -€14,810
- Profit (loss) carried forward +€84,195
up €84,195 (+92.3%), from €91,265 to €175,460
- Trade debts +€21,293
up €21,293 (+1,835%), from €1,160 to €22,453
- Debts after one year -€9,744
down €9,744 (-36.7%), from €26,555 to €16,811
- Tax, wage and social debts -€5,720
down €5,720 (-37.4%), from €15,276 to €9,556
of which Taxes: -€6,749
- Staff costs +€30,092
up €30,092 (+109%), from €27,709 to €57,801
- Gross operating margin +€27,359
up €27,359 (+16.8%), from €162,566 to €189,925
- Taxes -€7,962
down €7,962 (-26.0%), from €30,653 to €22,691
- Financial charges +€6,615
up €6,615 (+688%), from €961 to €7,576
- Depreciation +€4,225
up €4,225 (+32.2%), from €13,132 to €17,357
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €315,694 | €404,147 | +€88,453 | +28.0% |
| Fixed assets | 21/28 | €53,939 | €36,582 | -€17,357 | -32.2% |
| Tangible fixed assets | 22/27 | €53,939 | €36,582 | -€17,357 | -32.2% |
| Plant, machinery and equipment | 23 | €7,061 | €4,514 | -€2,547 | -36.1% |
| Furniture and vehicles | 24 | €46,878 | €32,068 | -€14,810 | -31.6% |
| Current assets | 29/58 | €261,755 | €367,565 | +€105,810 | +40.4% |
| Stocks and contracts in progress | 3 | €3,580 | €3,850 | +€270 | +7.5% |
| Stocks | 30/36 | €3,580 | €3,850 | +€270 | +7.5% |
| Amounts receivable within one year | 40/41 | €18,220 | €15,323 | -€2,897 | -15.9% |
| Trade receivables | 40 | €6,914 | €4,040 | -€2,874 | -41.6% |
| Other amounts receivable | 41 | €11,305 | €11,283 | -€23 | -0.2% |
| Cash at bank and in hand | 54/58 | €239,914 | €345,269 | +€105,355 | +43.9% |
| Deferred charges and accrued income | 490/1 | €42 | €3,123 | +€3,082 | +7,392% |
| Total equity and liabilities | 10/49 | €315,694 | €404,147 | +€88,453 | +28.0% |
| Equity | 10/15 | €93,265 | €177,460 | +€84,195 | +90.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €91,265 | €175,460 | +€84,195 | +92.3% |
| Amounts payable | 17/49 | €222,429 | €226,687 | +€4,258 | +1.9% |
| Amounts payable after more than one year | 17 | €26,555 | €16,811 | -€9,744 | -36.7% |
| Financial debts | 170/4 | €26,555 | €16,811 | -€9,744 | -36.7% |
| Amounts payable within one year | 42/48 | €195,454 | €209,456 | +€14,002 | +7.2% |
| Current portion of amounts payable after more than one year | 42 | €10,891 | €9,744 | -€1,147 | -10.5% |
| Trade debts | 44 | €1,160 | €22,453 | +€21,293 | +1,835% |
| Suppliers | 440/4 | €1,160 | €22,453 | +€21,293 | +1,835% |
| Taxes, remuneration and social security | 45 | €15,276 | €9,556 | -€5,720 | -37.4% |
| Taxes | 450/3 | €8,730 | €1,981 | -€6,749 | -77.3% |
| Remuneration and social security | 454/9 | €6,546 | €7,575 | +€1,029 | +15.7% |
| Other amounts payable | 47/48 | €168,126 | €167,703 | -€423 | -0.3% |
| Accrued charges and deferred income | 492/3 | €420 | €420 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €27,709 | €57,801 | +€30,092 | +109% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,132 | €17,357 | +€4,225 | +32.2% |
| Other operating charges | 640/8 | €200 | €525 | +€325 | +163% |
| Gross operating margin | 9900 | €162,566 | €189,925 | +€27,359 | +16.8% |
| Operating profit (loss) | 9901 | €121,525 | €114,242 | -€7,283 | -6.0% |
| Financial income | 75/76B | €186 | €220 | +€34 | +18.4% |
| Recurring financial income | 75 | €186 | €220 | +€34 | +18.4% |
| Financial charges | 65/66B | €961 | €7,576 | +€6,615 | +688% |
| Recurring financial charges | 65 | €961 | €7,576 | +€6,615 | +688% |
| Profit (loss) for the period before taxes | 9903 | €120,750 | €106,886 | -€13,864 | -11.5% |
| Income taxes | 67/77 | €30,653 | €22,691 | -€7,962 | -26.0% |
| Profit (loss) for the period | 9904 | €90,097 | €84,195 | -€5,902 | -6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €90,097 | €84,195 | -€5,902 | -6.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.