OVILEC: 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.
OVILEC
Largest movements
- Cash +€201,457
up €201,457 (+450.2%), from €44,746 to €246,203
mainly Current investments (+€150,000) and Receivables within one year (+€71,735)
- Current investments -€150,000
down €150,000 (-27.3%), from €550,000 to €400,000
- Receivables within one year -€71,735
down €71,735 (-93.5%), from €76,702 to €4,967
of which Other amounts receivable: -€71,800
- Reserves -€27,583
down €27,583 (-3.9%), from €699,445 to €671,862
of which Non-distributable reserves: -€19,742
- Gross operating margin +€12,666
up €12,666 (+17.4%), from €72,602 to €85,269
- Financial income +€8,232
up €8,232 (+73.8%), from €11,159 to €19,391
- Taxes +€6,077
up €6,077 (+25.2%), from €24,085 to €30,162
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 | €1,087,902 | €1,074,115 | -€13,786 | -1.3% |
| Fixed assets | 21/28 | €415,327 | €420,472 | +€5,144 | +1.2% |
| Tangible fixed assets | 22/27 | €415,327 | €420,472 | +€5,144 | +1.2% |
| Land and buildings | 22 | €364,772 | €374,957 | +€10,186 | +2.8% |
| Furniture and vehicles | 24 | €50,556 | €45,514 | -€5,041 | -10.0% |
| Current assets | 29/58 | €672,574 | €653,644 | -€18,930 | -2.8% |
| Amounts receivable within one year | 40/41 | €76,702 | €4,967 | -€71,735 | -93.5% |
| Trade receivables | 40 | - | €65 | +€65 | |
| Other amounts receivable | 41 | €76,702 | €4,902 | -€71,800 | -93.6% |
| Current investments | 50/53 | €550,000 | €400,000 | -€150,000 | -27.3% |
| Cash at bank and in hand | 54/58 | €44,746 | €246,203 | +€201,457 | +450.2% |
| Deferred charges and accrued income | 490/1 | €1,126 | €2,474 | +€1,348 | +119.7% |
| Total equity and liabilities | 10/49 | €1,087,902 | €1,074,115 | -€13,786 | -1.3% |
| Equity | 10/15 | €840,682 | €813,098 | -€27,583 | -3.3% |
| Contributions | 10/11 | €124,500 | €124,500 | = | 0.0% |
| Capital | 10 | €124,500 | €124,500 | = | 0.0% |
| Issued capital | 100 | €124,500 | €124,500 | = | 0.0% |
| Reserves | 13 | €699,445 | €671,862 | -€27,583 | -3.9% |
| Non-distributable reserves | 130/1 | €190,732 | €170,990 | -€19,742 | -10.4% |
| Legal reserve | 130 | €12,450 | €12,450 | = | 0.0% |
| Other | 1319 | €178,282 | €158,540 | -€19,742 | -11.1% |
| Tax-exempt reserves | 132 | €508,714 | €500,872 | -€7,841 | -1.5% |
| Profit (loss) carried forward | 14 | €16,736 | €16,736 | = | 0.0% |
| Provisions and deferred taxes | 16 | €162,955 | €160,341 | -€2,614 | -1.6% |
| Deferred taxes | 168 | €162,955 | €160,341 | -€2,614 | -1.6% |
| Amounts payable | 17/49 | €84,265 | €100,676 | +€16,411 | +19.5% |
| Amounts payable within one year | 42/48 | €84,073 | €100,455 | +€16,382 | +19.5% |
| Trade debts | 44 | €3,722 | €4,804 | +€1,082 | +29.1% |
| Suppliers | 440/4 | €3,722 | €4,804 | +€1,082 | +29.1% |
| Taxes, remuneration and social security | 45 | €3,275 | €12,624 | +€9,349 | +285.5% |
| Taxes | 450/3 | €3,275 | €12,624 | +€9,349 | +285.5% |
| Other amounts payable | 47/48 | €77,076 | €83,027 | +€5,950 | +7.7% |
| Accrued charges and deferred income | 492/3 | €192 | €221 | +€29 | +15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,837 | €11,856 | +€19 | +0.2% |
| Other operating charges | 640/8 | €9,620 | €10,035 | +€414 | +4.3% |
| Gross operating margin | 9900 | €72,602 | €85,269 | +€12,666 | +17.4% |
| Operating profit (loss) | 9901 | €51,145 | €63,378 | +€12,233 | +23.9% |
| Financial income | 75/76B | €11,159 | €19,391 | +€8,232 | +73.8% |
| Recurring financial income | 75 | €11,159 | €19,391 | +€8,232 | +73.8% |
| Financial charges | 65/66B | €281 | €345 | +€64 | +22.8% |
| Recurring financial charges | 65 | €281 | €345 | +€64 | +22.8% |
| Profit (loss) for the period before taxes | 9903 | €62,023 | €82,423 | +€20,401 | +32.9% |
| Transfer from deferred taxes | 780 | €2,614 | €2,614 | = | 0.0% |
| Income taxes | 67/77 | €24,085 | €30,162 | +€6,077 | +25.2% |
| Profit (loss) for the period | 9904 | €40,552 | €54,875 | +€14,323 | +35.3% |
| Transfer from tax-exempt reserves | 789 | €7,841 | €7,841 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,393 | €62,716 | +€14,323 | +29.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.