OVIK: 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.
OVIK
Largest movements
- Cash +€296,579
up €296,579 (+554.4%), from €53,491 to €350,070
mainly Deferred charges and accrued income (+€206,390) and Net result for the year (+€113,163)
- Deferred charges and accrued income -€206,390
down €206,390 (-98.5%), from €209,440 to €3,050
- Tangible fixed assets +€23,481
up €23,481 (+18.8%), from €124,783 to €148,264
of which Furniture and vehicles: +€39,409
- Receivables within one year -€6,212
down €6,212 (-7.4%), from €84,188 to €77,976
- Profit (loss) carried forward +€113,163
up €113,163 (+173.6%), from €65,168 to €178,331
- Accrued charges and deferred income -€83,056
down €83,056 (-86.9%), from €95,556 to €12,500
- Trade debts +€58,227
up €58,227 (+77.7%), from €74,945 to €133,172
- Debts after one year +€25,774
new in 2024: €25,774
- Other debts -€13,288
down €13,288 (-34.4%), from €38,621 to €25,332
- Gross operating margin +€199,051
up €199,051 (+17.5%), from €1.1m to €1.3m
- Other operating charges +€66,669
up €66,669 (+196.1%), from €34,000 to €100,668
- Taxes +€45,312
up €45,312 (+238.5%), from €19,000 to €64,312
- Staff costs +€27,167
up €27,167 (+2.8%), from €977,353 to €1.0m
- Financial charges +€19,326
up €19,326 (+203.0%), from €9,519 to €28,845
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.
Cash bridge derived
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 | €508,457 | €610,915 | +€102,458 | +20.2% |
| Fixed assets | 21/28 | €161,338 | €179,819 | +€18,481 | +11.5% |
| Intangible fixed assets | 21 | €36,305 | €31,305 | -€5,000 | -13.8% |
| Tangible fixed assets | 22/27 | €124,783 | €148,264 | +€23,481 | +18.8% |
| Plant, machinery and equipment | 23 | €10,681 | €10,774 | +€93 | +0.9% |
| Furniture and vehicles | 24 | €4,546 | €43,955 | +€39,409 | +866.8% |
| Other tangible fixed assets | 26 | €109,556 | €93,535 | -€16,021 | -14.6% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €347,119 | €431,096 | +€83,977 | +24.2% |
| Amounts receivable within one year | 40/41 | €84,188 | €77,976 | -€6,212 | -7.4% |
| Trade receivables | 40 | €84,188 | €77,976 | -€6,212 | -7.4% |
| Cash at bank and in hand | 54/58 | €53,491 | €350,070 | +€296,579 | +554.4% |
| Deferred charges and accrued income | 490/1 | €209,440 | €3,050 | -€206,390 | -98.5% |
| Total equity and liabilities | 10/49 | €508,457 | €610,915 | +€102,458 | +20.2% |
| Equity | 10/15 | €75,168 | €188,331 | +€113,163 | +150.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,168 | €178,331 | +€113,163 | +173.6% |
| Amounts payable | 17/49 | €433,289 | €422,584 | -€10,705 | -2.5% |
| Amounts payable after more than one year | 17 | - | €25,774 | +€25,774 | |
| Financial debts | 170/4 | - | €25,774 | +€25,774 | |
| Amounts payable within one year | 42/48 | €337,733 | €384,311 | +€46,577 | +13.8% |
| Current portion of amounts payable after more than one year | 42 | - | €5,915 | +€5,915 | |
| Financial debts | 43 | €25,809 | €25,809 | = | 0.0% |
| Credit institutions | 430/8 | €25,809 | €25,809 | = | 0.0% |
| Trade debts | 44 | €74,945 | €133,172 | +€58,227 | +77.7% |
| Suppliers | 440/4 | €74,945 | €133,172 | +€58,227 | +77.7% |
| Advances received on contracts in progress | 46 | €250 | €988 | +€738 | +295.2% |
| Taxes, remuneration and social security | 45 | €198,108 | €193,093 | -€5,015 | -2.5% |
| Taxes | 450/3 | €26,325 | €80,974 | +€54,649 | +207.6% |
| Remuneration and social security | 454/9 | €171,783 | €112,119 | -€59,663 | -34.7% |
| Other amounts payable | 47/48 | €38,621 | €25,332 | -€13,288 | -34.4% |
| Accrued charges and deferred income | 492/3 | €95,556 | €12,500 | -€83,056 | -86.9% |
| Remuneration, social security and pensions | 62 | €977,353 | €1,004,520 | +€27,167 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,194 | €27,221 | -€973 | -3.5% |
| Other operating charges | 640/8 | €34,000 | €100,668 | +€66,669 | +196.1% |
| Gross operating margin | 9900 | €1,139,567 | €1,338,618 | +€199,051 | +17.5% |
| Operating profit (loss) | 9901 | €100,021 | €206,208 | +€106,187 | +106.2% |
| Financial income | 75/76B | €128 | €112 | -€16 | -12.8% |
| Recurring financial income | 75 | €128 | €112 | -€16 | -12.8% |
| Financial charges | 65/66B | €9,519 | €28,845 | +€19,326 | +203.0% |
| Recurring financial charges | 65 | €9,519 | €28,845 | +€19,326 | +203.0% |
| Profit (loss) for the period before taxes | 9903 | €90,630 | €177,474 | +€86,845 | +95.8% |
| Income taxes | 67/77 | €19,000 | €64,312 | +€45,312 | +238.5% |
| Profit (loss) for the period | 9904 | €71,630 | €113,163 | +€41,533 | +58.0% |
| Profit (loss) for the period to be appropriated | 9905 | €71,630 | €113,163 | +€41,533 | +58.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.