OVINOX: 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.
OVINOX
Largest movements
- Receivables within one year +€28,236
up €28,236 (+116%), from €24,279 to €52,515
of which Trade receivables: +€29,193
- Cash -€16,372
down €16,372 (-41.8%), from €39,136 to €22,764
mainly Receivables within one year (-€28,236) and Debts after one year (-€5,199)
- Tangible fixed assets -€8,132
down €8,132 (-23.2%), from €35,006 to €26,874
of which Leasing and similar rights: -€6,992
- Tax, wage and social debts +€5,466
up €5,466 (+250%), from €2,189 to €7,656
of which Taxes: +€5,466
- Debts after one year -€5,199
down €5,199 (-38.6%), from €13,473 to €8,274
- Reserves +€3,620
up €3,620 (+7.1%), from €50,709 to €54,330
of which Distributable reserves: +€5,585
- Trade debts +€1,839
up €1,839 (+15.7%), from €11,732 to €13,571
- Current portion of long-term debt -€1,132
down €1,132 (-17.9%), from €6,331 to €5,199
- Gross operating margin -€11,135
down €11,135 (-36.1%), from €30,842 to €19,706
- Taxes -€2,077
down €2,077 (-47.2%), from €4,402 to €2,325
- Financial charges -€693
down €693 (-30.9%), from €2,242 to €1,549
- Depreciation +€488
up €488 (+4.5%), from €10,884 to €11,372
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.
Derived cash bridge
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 | €100,605 | €103,973 | +€3,368 | +3.3% |
| Fixed assets | 21/28 | €35,006 | €26,874 | -€8,132 | -23.2% |
| Tangible fixed assets | 22/27 | €35,006 | €26,874 | -€8,132 | -23.2% |
| Plant, machinery and equipment | 23 | €8,252 | €7,606 | -€646 | -7.8% |
| Furniture and vehicles | 24 | €1,114 | €800 | -€314 | -28.2% |
| Leasing and similar rights | 25 | €24,558 | €17,566 | -€6,992 | -28.5% |
| Other tangible fixed assets | 26 | €1,082 | €902 | -€180 | -16.6% |
| Current assets | 29/58 | €65,599 | €77,099 | +€11,500 | +17.5% |
| Stocks and contracts in progress | 3 | €1,000 | €1,000 | = | 0.0% |
| Stocks | 30/36 | €1,000 | €1,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €24,279 | €52,515 | +€28,236 | +116% |
| Trade receivables | 40 | €22,549 | €51,742 | +€29,193 | +129% |
| Other amounts receivable | 41 | €1,730 | €773 | -€957 | -55.3% |
| Cash at bank and in hand | 54/58 | €39,136 | €22,764 | -€16,372 | -41.8% |
| Deferred charges and accrued income | 490/1 | €1,185 | €820 | -€365 | -30.8% |
| Total equity and liabilities | 10/49 | €100,605 | €103,973 | +€3,368 | +3.3% |
| Equity | 10/15 | €56,909 | €60,530 | +€3,620 | +6.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €50,709 | €54,330 | +€3,620 | +7.1% |
| Tax-exempt reserves | 132 | €6,900 | €4,936 | -€1,965 | -28.5% |
| Distributable reserves | 133 | €43,809 | €49,394 | +€5,585 | +12.7% |
| Provisions and deferred taxes | 16 | €1,725 | €1,234 | -€491 | -28.5% |
| Deferred taxes | 168 | €1,725 | €1,234 | -€491 | -28.5% |
| Amounts payable | 17/49 | €41,970 | €42,209 | +€239 | +0.6% |
| Amounts payable after more than one year | 17 | €13,473 | €8,274 | -€5,199 | -38.6% |
| Financial debts | 170/4 | €13,473 | €8,274 | -€5,199 | -38.6% |
| Amounts payable within one year | 42/48 | €27,919 | €33,491 | +€5,573 | +20.0% |
| Current portion of amounts payable after more than one year | 42 | €6,331 | €5,199 | -€1,132 | -17.9% |
| Trade debts | 44 | €11,732 | €13,571 | +€1,839 | +15.7% |
| Suppliers | 440/4 | €11,732 | €13,571 | +€1,839 | +15.7% |
| Taxes, remuneration and social security | 45 | €2,189 | €7,656 | +€5,466 | +250% |
| Taxes | 450/3 | - | €5,466 | +€5,466 | |
| Remuneration and social security | 454/9 | €2,189 | €2,189 | = | 0.0% |
| Other amounts payable | 47/48 | €7,666 | €7,066 | -€601 | -7.8% |
| Accrued charges and deferred income | 492/3 | €579 | €444 | -€135 | -23.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,884 | €11,372 | +€488 | +4.5% |
| Other operating charges | 640/8 | €892 | €704 | -€188 | -21.1% |
| Gross operating margin | 9900 | €30,842 | €19,706 | -€11,135 | -36.1% |
| Operating profit (loss) | 9901 | €19,066 | €7,631 | -€11,435 | -60.0% |
| Financial income | 75/76B | - | €205 | +€205 | |
| Recurring financial income | 75 | - | €205 | +€205 | |
| Financial charges | 65/66B | €2,242 | €1,549 | -€693 | -30.9% |
| Recurring financial charges | 65 | €2,242 | €1,549 | -€693 | -30.9% |
| Profit (loss) for the period before taxes | 9903 | €16,824 | €6,287 | -€10,536 | -62.6% |
| Transfer from deferred taxes | 780 | €491 | €491 | = | 0.0% |
| Income taxes | 67/77 | €4,402 | €2,325 | -€2,077 | -47.2% |
| Profit (loss) for the period | 9904 | €12,912 | €4,453 | -€8,459 | -65.5% |
| Transfer from tax-exempt reserves | 789 | €1,965 | €1,965 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,877 | €6,418 | -€8,459 | -56.9% |
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 16 October 2026 via checked.be.