OVN ADVISORY: 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.
OVN ADVISORY
Largest movements
- Receivables after one year -€75,000
down €75,000 (-100%), from €75,000 to €0
- Cash -€70,134
down €70,134 (-73.3%), from €95,708 to €25,574
mainly Contributions, distributions and other (-€246,471) and Tax, wage and social debts (-€50,655)
- Current investments +€12,000
up €12,000 (+14.6%), from €82,031 to €94,031
- Receivables within one year +€5,373
up €5,373 (+11.9%), from €45,077 to €50,450
of which Trade receivables: +€5,527
- Reserves -€176,471
down €176,471 (-69.1%), from €255,520 to €79,050
- Other debts +€54,896
up €54,896 (+17,813%), from €308 to €55,204
- Tax, wage and social debts -€50,655
down €50,655 (-76.1%), from €66,551 to €15,896
- Profit (loss) carried forward +€40,525
new in 2025: €40,525
- Trade debts +€5,571
new in 2025: €5,571
- Gross operating margin +€25,375
up €25,375 (+20.2%), from €125,319 to €150,694
- Taxes +€6,252
up €6,252 (+24.4%), from €25,615 to €31,867
- Depreciation +€2,332
up €2,332 (+51.7%), from €4,510 to €6,841
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 | €324,380 | €198,473 | -€125,907 | -38.8% |
| Fixed assets | 21/28 | €24,837 | €25,695 | +€859 | +3.5% |
| Tangible fixed assets | 22/27 | €24,837 | €25,695 | +€859 | +3.5% |
| Plant, machinery and equipment | 23 | - | €7,240 | +€7,240 | |
| Furniture and vehicles | 24 | €24,837 | €18,455 | -€6,382 | -25.7% |
| Current assets | 29/58 | €299,543 | €172,778 | -€126,765 | -42.3% |
| Amounts receivable after more than one year | 29 | €75,000 | €0 | -€75,000 | -100% |
| Other amounts receivable | 291 | €75,000 | €0 | -€75,000 | -100% |
| Amounts receivable within one year | 40/41 | €45,077 | €50,450 | +€5,373 | +11.9% |
| Trade receivables | 40 | €44,924 | €50,450 | +€5,527 | +12.3% |
| Other amounts receivable | 41 | €154 | €0 | -€154 | -100% |
| Current investments | 50/53 | €82,031 | €94,031 | +€12,000 | +14.6% |
| Cash at bank and in hand | 54/58 | €95,708 | €25,574 | -€70,134 | -73.3% |
| Deferred charges and accrued income | 490/1 | €1,727 | €2,724 | +€997 | +57.7% |
| Total equity and liabilities | 10/49 | €324,380 | €198,473 | -€125,907 | -38.8% |
| Equity | 10/15 | €257,520 | €121,575 | -€135,945 | -52.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €255,520 | €79,050 | -€176,471 | -69.1% |
| Distributable reserves | 133 | €255,520 | €79,050 | -€176,471 | -69.1% |
| Profit (loss) carried forward | 14 | - | €40,525 | +€40,525 | |
| Amounts payable | 17/49 | €66,859 | €76,898 | +€10,039 | +15.0% |
| Amounts payable within one year | 42/48 | €66,859 | €76,672 | +€9,812 | +14.7% |
| Trade debts | 44 | - | €5,571 | +€5,571 | |
| Suppliers | 440/4 | - | €5,571 | +€5,571 | |
| Taxes, remuneration and social security | 45 | €66,551 | €15,896 | -€50,655 | -76.1% |
| Taxes | 450/3 | €66,551 | €15,896 | -€50,655 | -76.1% |
| Other amounts payable | 47/48 | €308 | €55,204 | +€54,896 | +17,813% |
| Accrued charges and deferred income | 492/3 | - | €226 | +€226 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,510 | €6,841 | +€2,332 | +51.7% |
| Other operating charges | 640/8 | - | €1,318 | +€1,318 | |
| Gross operating margin | 9900 | €125,319 | €150,694 | +€25,375 | +20.2% |
| Operating profit (loss) | 9901 | €120,810 | €142,535 | +€21,725 | +18.0% |
| Financial income | 75/76B | €2,800 | €2,207 | -€593 | -21.2% |
| Recurring financial income | 75 | €2,800 | €2,207 | -€593 | -21.2% |
| Financial charges | 65/66B | €2,261 | €2,349 | +€88 | +3.9% |
| Recurring financial charges | 65 | €2,261 | €2,349 | +€88 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €121,349 | €142,393 | +€21,044 | +17.3% |
| Income taxes | 67/77 | €25,615 | €31,867 | +€6,252 | +24.4% |
| Profit (loss) for the period | 9904 | €95,734 | €110,525 | +€14,792 | +15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €95,734 | €110,525 | +€14,792 | +15.5% |
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 24 October 2026 via checked.be.