OVICO: 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.
OVICO
Largest movements
- Tangible fixed assets +€365,752
up €365,752 (+45.1%), from €811,217 to €1.2m
of which Land and buildings: +€366,582
- Cash -€47,174
down €47,174 (-50.2%), from €93,999 to €46,825
mainly Investment in fixed assets (net) (-€446,216) and Contributions, distributions and other (-€200,000)
- Receivables within one year -€20,286
down €20,286 (-53.1%), from €38,172 to €17,886
of which Trade receivables: -€20,286
- Debts after one year +€323,679
up €323,679 (+150.9%), from €214,431 to €538,111
- Reserves -€144,400
down €144,400 (-26.1%), from €553,360 to €408,960
- Other debts +€118,813
up €118,813 (+144.6%), from €82,162 to €200,974
- Trade debts -€27,214
down €27,214 (-82.6%), from €32,930 to €5,716
- Current portion of long-term debt +€22,733
up €22,733 (+96.0%), from €23,679 to €46,413
- Depreciation +€48,278
up €48,278 (+150.0%), from €32,185 to €80,463
- Gross operating margin +€26,896
up €26,896 (+18.0%), from €149,631 to €176,527
- Financial charges +€12,240
up €12,240 (+225.6%), from €5,426 to €17,665
- Taxes -€6,972
down €6,972 (-30.7%), from €22,711 to €15,739
- Other operating charges +€2,770
up €2,770 (+63.4%), from €4,372 to €7,142
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 | €948,379 | €1,246,732 | +€298,353 | +31.5% |
| Fixed assets | 21/28 | €814,967 | €1,180,719 | +€365,752 | +44.9% |
| Tangible fixed assets | 22/27 | €811,217 | €1,176,969 | +€365,752 | +45.1% |
| Land and buildings | 22 | €805,878 | €1,172,460 | +€366,582 | +45.5% |
| Furniture and vehicles | 24 | €1,688 | €859 | -€829 | -49.1% |
| Other tangible fixed assets | 26 | €3,650 | €3,650 | = | 0.0% |
| Financial fixed assets | 28 | €3,750 | €3,750 | = | 0.0% |
| Current assets | 29/58 | €133,413 | €66,013 | -€67,400 | -50.5% |
| Amounts receivable within one year | 40/41 | €38,172 | €17,886 | -€20,286 | -53.1% |
| Trade receivables | 40 | €36,786 | €16,500 | -€20,286 | -55.1% |
| Other amounts receivable | 41 | €1,386 | €1,386 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €93,999 | €46,825 | -€47,174 | -50.2% |
| Deferred charges and accrued income | 490/1 | €1,242 | €1,302 | +€60 | +4.9% |
| Total equity and liabilities | 10/49 | €948,379 | €1,246,732 | +€298,353 | +31.5% |
| Equity | 10/15 | €577,594 | €433,280 | -€144,315 | -25.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €553,360 | €408,960 | -€144,400 | -26.1% |
| Distributable reserves | 133 | €553,360 | €408,960 | -€144,400 | -26.1% |
| Profit (loss) carried forward | 14 | €5,634 | €5,720 | +€85 | +1.5% |
| Amounts payable | 17/49 | €370,785 | €813,452 | +€442,667 | +119.4% |
| Amounts payable after more than one year | 17 | €214,431 | €538,111 | +€323,679 | +150.9% |
| Financial debts | 170/4 | €214,431 | €538,111 | +€323,679 | +150.9% |
| Amounts payable within one year | 42/48 | €156,354 | €272,582 | +€116,228 | +74.3% |
| Current portion of amounts payable after more than one year | 42 | €23,679 | €46,413 | +€22,733 | +96.0% |
| Trade debts | 44 | €32,930 | €5,716 | -€27,214 | -82.6% |
| Suppliers | 440/4 | €32,930 | €5,716 | -€27,214 | -82.6% |
| Taxes, remuneration and social security | 45 | €17,583 | €19,479 | +€1,896 | +10.8% |
| Taxes | 450/3 | €15,442 | €17,322 | +€1,879 | +12.2% |
| Remuneration and social security | 454/9 | €2,141 | €2,157 | +€16 | +0.8% |
| Other amounts payable | 47/48 | €82,162 | €200,974 | +€118,813 | +144.6% |
| Accrued charges and deferred income | 492/3 | - | €2,759 | +€2,759 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,185 | €80,463 | +€48,278 | +150.0% |
| Other operating charges | 640/8 | €4,372 | €7,142 | +€2,770 | +63.4% |
| Gross operating margin | 9900 | €149,631 | €176,527 | +€26,896 | +18.0% |
| Operating profit (loss) | 9901 | €113,074 | €88,922 | -€24,152 | -21.4% |
| Financial income | 75/76B | €381 | €168 | -€213 | -56.0% |
| Recurring financial income | 75 | €381 | €168 | -€213 | -56.0% |
| Financial charges | 65/66B | €5,426 | €17,665 | +€12,240 | +225.6% |
| Recurring financial charges | 65 | €5,426 | €17,665 | +€12,240 | +225.6% |
| Profit (loss) for the period before taxes | 9903 | €108,029 | €71,424 | -€36,605 | -33.9% |
| Income taxes | 67/77 | €22,711 | €15,739 | -€6,972 | -30.7% |
| Profit (loss) for the period | 9904 | €85,318 | €55,685 | -€29,633 | -34.7% |
| Profit (loss) for the period to be appropriated | 9905 | €85,318 | €55,685 | -€29,633 | -34.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.