OVG PROJECTS: 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.
OVG PROJECTS
Largest movements
- Receivables within one year +€75,865
up €75,865 (+766.2%), from €9,902 to €85,767
of which Trade receivables: +€73,278
- Cash +€38,411
up €38,411 (+73.3%), from €52,393 to €90,804
mainly Net result for the year (+€98,867) and Other debts (+€50,066)
- Reserves +€98,867
up €98,867 (+74.9%), from €132,007 to €230,874
- Other debts +€50,066
up €50,066 (+4121.7%), from €1,215 to €51,280
- Debts after one year -€18,284
down €18,284 (-45.8%), from €39,920 to €21,636
- Short-term financial debts -€15,080
down €15,080 (-100.0%), from €15,080 to €0
- Financial income -€28,266
down €28,266 (-99.8%), from €28,315 to €49
- Gross operating margin -€3,556
down €3,556 (-2.5%), from €144,883 to €141,327
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 | €213,901 | €326,878 | +€112,976 | +52.8% |
| Fixed assets | 21/28 | €150,084 | €149,085 | -€999 | -0.7% |
| Tangible fixed assets | 22/27 | €3,284 | €2,285 | -€999 | -30.4% |
| Plant, machinery and equipment | 23 | - | €828 | +€828 | |
| Furniture and vehicles | 24 | €3,284 | €1,457 | -€1,827 | -55.6% |
| Financial fixed assets | 28 | €146,800 | €146,800 | = | 0.0% |
| Current assets | 29/58 | €63,818 | €177,793 | +€113,975 | +178.6% |
| Amounts receivable within one year | 40/41 | €9,902 | €85,767 | +€75,865 | +766.2% |
| Trade receivables | 40 | €0 | €73,278 | +€73,278 | |
| Other amounts receivable | 41 | €9,902 | €12,489 | +€2,587 | +26.1% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €52,393 | €90,804 | +€38,411 | +73.3% |
| Deferred charges and accrued income | 490/1 | €1,523 | €1,222 | -€301 | -19.7% |
| Total equity and liabilities | 10/49 | €213,901 | €326,878 | +€112,976 | +52.8% |
| Equity | 10/15 | €134,507 | €233,374 | +€98,867 | +73.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €132,007 | €230,874 | +€98,867 | +74.9% |
| Distributable reserves | 133 | €132,007 | €230,874 | +€98,867 | +74.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €79,395 | €93,504 | +€14,109 | +17.8% |
| Amounts payable after more than one year | 17 | €39,920 | €21,636 | -€18,284 | -45.8% |
| Financial debts | 170/4 | €39,920 | €21,636 | -€18,284 | -45.8% |
| Amounts payable within one year | 42/48 | €39,088 | €71,868 | +€32,781 | +83.9% |
| Current portion of amounts payable after more than one year | 42 | €18,047 | €18,284 | +€237 | +1.3% |
| Financial debts | 43 | €15,080 | €0 | -€15,080 | -100.0% |
| Other loans | 439 | €15,080 | €0 | -€15,080 | -100.0% |
| Trade debts | 44 | €493 | €879 | +€386 | +78.2% |
| Suppliers | 440/4 | €493 | €879 | +€386 | +78.2% |
| Taxes, remuneration and social security | 45 | €4,253 | €1,425 | -€2,828 | -66.5% |
| Taxes | 450/3 | €2,828 | €0 | -€2,828 | -100.0% |
| Remuneration and social security | 454/9 | €1,425 | €1,425 | = | 0.0% |
| Other amounts payable | 47/48 | €1,215 | €51,280 | +€50,066 | +4121.7% |
| Accrued charges and deferred income | 492/3 | €387 | €0 | -€387 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,161 | €1,898 | -€263 | -12.2% |
| Other operating charges | 640/8 | €720 | €801 | +€81 | +11.3% |
| Gross operating margin | 9900 | €144,883 | €141,327 | -€3,556 | -2.5% |
| Operating profit (loss) | 9901 | €142,003 | €138,629 | -€3,374 | -2.4% |
| Financial income | 75/76B | €28,315 | €49 | -€28,266 | -99.8% |
| Recurring financial income | 75 | €28,315 | €49 | -€28,266 | -99.8% |
| Financial charges | 65/66B | €4,432 | €4,957 | +€525 | +11.8% |
| Recurring financial charges | 65 | €4,432 | €4,957 | +€525 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | €165,886 | €133,720 | -€32,165 | -19.4% |
| Income taxes | 67/77 | €35,572 | €34,853 | -€719 | -2.0% |
| Profit (loss) for the period | 9904 | €130,313 | €98,867 | -€31,446 | -24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €130,313 | €98,867 | -€31,446 | -24.1% |
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.