OVK: 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.
OVK
Largest movements
- Tangible fixed assets -€15,775
down €15,775 (-80.9%), from €19,496 to €3,721
of which Furniture and vehicles: -€15,091
- Stocks and contracts +€15,039
up €15,039 (+3.5%), from €435,732 to €450,771
- Cash -€12,373
down €12,373 (-33.4%), from €37,101 to €24,728
mainly Advances received (-€37,796) and Debts after one year (-€28,069)
- Advances received -€37,796
no longer reported in 2025 (was €37,796)
- Accrued charges and deferred income +€34,617
up €34,617 (+928.8%), from €3,727 to €38,344
- Debts after one year -€28,069
down €28,069 (-34.1%), from €82,223 to €54,154
- Short-term financial debts -€15,000
down €15,000 (-10.3%), from €145,300 to €130,300
- Profit (loss) carried forward +€14,098
up €14,098 (+17.2%), from €82,156 to €96,254
- Depreciation -€11,588
down €11,588 (-73.0%), from €15,877 to €4,289
- Gross operating margin -€5,849
down €5,849 (-6.1%), from €95,975 to €90,126
- Staff costs +€3,681
up €3,681 (+7.0%), from €52,609 to €56,290
- Financial charges +€1,525
up €1,525 (+15.6%), from €9,793 to €11,319
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 | €508,353 | €494,287 | -€14,067 | -2.8% |
| Fixed assets | 21/28 | €19,496 | €3,721 | -€15,775 | -80.9% |
| Tangible fixed assets | 22/27 | €19,496 | €3,721 | -€15,775 | -80.9% |
| Land and buildings | 22 | €1,532 | - | -€1,532 | |
| Plant, machinery and equipment | 23 | €2,866 | €3,714 | +€847 | +29.6% |
| Furniture and vehicles | 24 | €15,098 | €7 | -€15,091 | -100.0% |
| Current assets | 29/58 | €488,857 | €490,566 | +€1,709 | +0.3% |
| Stocks and contracts in progress | 3 | €435,732 | €450,771 | +€15,039 | +3.5% |
| Stocks | 30/36 | €435,732 | €450,771 | +€15,039 | +3.5% |
| Amounts receivable within one year | 40/41 | €12,425 | €11,467 | -€957 | -7.7% |
| Trade receivables | 40 | €9,130 | €7,977 | -€1,153 | -12.6% |
| Other amounts receivable | 41 | €3,294 | €3,490 | +€196 | +5.9% |
| Current investments | 50/53 | €3,600 | €3,600 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €37,101 | €24,728 | -€12,373 | -33.4% |
| Total equity and liabilities | 10/49 | €508,353 | €494,287 | -€14,067 | -2.8% |
| Equity | 10/15 | €96,416 | €116,714 | +€20,298 | +21.1% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,156 | €96,254 | +€14,098 | +17.2% |
| Amounts payable | 17/49 | €411,938 | €377,573 | -€34,364 | -8.3% |
| Amounts payable after more than one year | 17 | €82,223 | €54,154 | -€28,069 | -34.1% |
| Financial debts | 170/4 | €82,223 | €54,154 | -€28,069 | -34.1% |
| Amounts payable within one year | 42/48 | €325,988 | €285,075 | -€40,913 | -12.6% |
| Current portion of amounts payable after more than one year | 42 | €33,678 | €28,069 | -€5,610 | -16.7% |
| Financial debts | 43 | €145,300 | €130,300 | -€15,000 | -10.3% |
| Credit institutions | 430/8 | €145,300 | €130,300 | -€15,000 | -10.3% |
| Trade debts | 44 | €9,180 | €13,623 | +€4,443 | +48.4% |
| Suppliers | 440/4 | €9,180 | €13,623 | +€4,443 | +48.4% |
| Advances received on contracts in progress | 46 | €37,796 | - | -€37,796 | |
| Taxes, remuneration and social security | 45 | €17,569 | €29,891 | +€12,322 | +70.1% |
| Taxes | 450/3 | €13,255 | €29,891 | +€16,636 | +125.5% |
| Remuneration and social security | 454/9 | €4,314 | - | -€4,314 | |
| Other amounts payable | 47/48 | €82,464 | €83,192 | +€728 | +0.9% |
| Accrued charges and deferred income | 492/3 | €3,727 | €38,344 | +€34,617 | +928.8% |
| Non-recurring operating income | 76A | - | €12,852 | +€12,852 | |
| Remuneration, social security and pensions | 62 | €52,609 | €56,290 | +€3,681 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,877 | €4,289 | -€11,588 | -73.0% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €95,975 | €90,126 | -€5,849 | -6.1% |
| Operating profit (loss) | 9901 | €27,371 | €29,427 | +€2,055 | +7.5% |
| Financial charges | 65/66B | €9,793 | €11,319 | +€1,525 | +15.6% |
| Recurring financial charges | 65 | €9,793 | €11,319 | +€1,525 | +15.6% |
| Profit (loss) for the period before taxes | 9903 | €17,578 | €18,108 | +€530 | +3.0% |
| Income taxes | 67/77 | €4,206 | €4,010 | -€196 | -4.7% |
| Profit (loss) for the period | 9904 | €13,372 | €14,098 | +€726 | +5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,372 | €14,098 | +€726 | +5.4% |
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 7 October 2026 via checked.be.