OVO WEST: what changed
What changed
OVO WEST
NACE 46.331, Wholesale trade
filed annual accounts (NBB)
Net result for the year
€858,231
2024 · €685,951+€172,281
Equity
€3.5m
2024 · €2.7m+€858,231
Cash
€577,240
2024 · €1.1m-€482,872
Balance sheet total
€7.7m
2024 · €7.2m+€549,340
Largest movements
Assets
- Current investments +€707,815
up €707,815, from €0 to €707,815
- Cash -€482,872
down €482,872 (-45.5%), from €1.1m to €577,240
mainly Current investments (-€707,815) and Trade debts (-€186,967)
- Receivables within one year +€146,698
up €146,698 (+3.4%), from €4.3m to €4.4m
of which Trade receivables: +€215,948
- Stocks and contracts +€106,138
up €106,138 (+80.0%), from €132,657 to €238,795
- Deferred charges and accrued income +€98,502
up €98,502 (+121%), from €81,312 to €179,814
Equity and liabilities
- Reserves +€858,231
up €858,231 (+33.0%), from €2.6m to €3.5m
of which Tax-exempt reserves: +€589,400
- Trade debts -€186,967
down €186,967 (-5.4%), from €3.5m to €3.3m
- Tax, wage and social debts -€85,397
down €85,397 (-58.6%), from €145,647 to €60,250
of which Taxes: -€104,511
Income statement
- Turnover +€8.5m
up €8.5m (+36.9%), from €23.0m to €31.5m
- Goods and materials +€7.9m
up €7.9m (+41.2%), from €19.2m to €27.1m
of which Purchases: +€8.0m
- Services and other goods +€318,758
up €318,758 (+14.0%), from €2.3m to €2.6m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€685,951
Turnover
+€8.5m
Other operating income
+€4,242
Goods and materials
-€7.9m
Services and other goods
-€318,758
Staff costs
-€62,785
Depreciation
-€3,884
Write-downs
+€69,104
Other operating charges
-€4,476
Financial income
+€3,247
Financial charges
-€18,228
Taxes
-€56,653
Result 2025
€858,231
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€402,752
Investment
-€831,707
Financing
-€53,917
Cash 2024
€1.1m
From operations (derived)
+€402,752
Net result for the year
+€858,231
Depreciation
+€150,833
Stocks and contracts
-€106,138
Receivables within one year
-€146,698
Deferred charges and accrued income
-€98,502
Trade debts
-€186,967
Tax, wage and social debts
-€85,397
Other debts
+€8,942
Accrued charges and deferred income
+€8,447
Investment (derived)
-€831,707
Investment in fixed assets (net)
-€123,892
Current investments
-€707,815
Financing
-€53,917
Debts after one year
-€53,917
Cash 2025
€577,240
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,150,248 | €7,699,587 | +€549,340 | +7.7% |
| Fixed assets | 21/28 | €1,574,992 | €1,548,051 | -€26,941 | -1.7% |
| Intangible fixed assets | 21 | €9,764 | €5,812 | -€3,952 | -40.5% |
| Tangible fixed assets | 22/27 | €1,564,952 | €1,541,964 | -€22,988 | -1.5% |
| Land and buildings | 22 | €1,426,400 | €1,445,138 | +€18,738 | +1.3% |
| Plant, machinery and equipment | 23 | €124,901 | €93,030 | -€31,871 | -25.5% |
| Furniture and vehicles | 24 | €13,651 | €3,796 | -€9,855 | -72.2% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €275 | €275 | = | 0.0% |
| Other financial fixed assets | 284/8 | €275 | €275 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €275 | €275 | = | 0.0% |
| Current assets | 29/58 | €5,575,256 | €6,151,536 | +€576,281 | +10.3% |
| Stocks and contracts in progress | 3 | €132,657 | €238,795 | +€106,138 | +80.0% |
| Stocks | 30/36 | €132,657 | €238,795 | +€106,138 | +80.0% |
| Goods purchased for resale | 34 | €132,657 | €238,795 | +€106,138 | +80.0% |
| Amounts receivable within one year | 40/41 | €4,301,174 | €4,447,872 | +€146,698 | +3.4% |
| Trade receivables | 40 | €4,069,465 | €4,285,413 | +€215,948 | +5.3% |
| Other amounts receivable | 41 | €231,709 | €162,459 | -€69,250 | -29.9% |
| Current investments | 50/53 | €0 | €707,815 | +€707,815 | |
| Other investments | 51/53 | €0 | €707,815 | +€707,815 | |
| Cash at bank and in hand | 54/58 | €1,060,113 | €577,240 | -€482,872 | -45.5% |
| Deferred charges and accrued income | 490/1 | €81,312 | €179,814 | +€98,502 | +121% |
| Total equity and liabilities | 10/49 | €7,150,248 | €7,699,587 | +€549,340 | +7.7% |
| Equity | 10/15 | €2,675,911 | €3,534,142 | +€858,231 | +32.1% |
| Contributions | 10/11 | €76,150 | €76,150 | = | 0.0% |
| Reserves | 13 | €2,599,761 | €3,457,992 | +€858,231 | +33.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €151,550 | €740,950 | +€589,400 | +389% |
| Distributable reserves | 133 | €2,448,211 | €2,717,042 | +€268,831 | +11.0% |
| Provisions and deferred taxes | 16 | €31,423 | €31,423 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €31,423 | €31,423 | = | 0.0% |
| Pensions and similar obligations | 160 | €31,423 | €31,423 | = | 0.0% |
| Amounts payable | 17/49 | €4,442,914 | €4,134,023 | -€308,892 | -7.0% |
| Amounts payable after more than one year | 17 | €601,688 | €547,771 | -€53,917 | -9.0% |
| Financial debts | 170/4 | €601,688 | €547,771 | -€53,917 | -9.0% |
| Credit institutions | 173 | €601,688 | €547,771 | -€53,917 | -9.0% |
| Amounts payable within one year | 42/48 | €3,832,646 | €3,569,224 | -€263,422 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €53,917 | €53,917 | = | 0.0% |
| Trade debts | 44 | €3,480,353 | €3,293,386 | -€186,967 | -5.4% |
| Suppliers | 440/4 | €3,480,353 | €3,293,386 | -€186,967 | -5.4% |
| Taxes, remuneration and social security | 45 | €145,647 | €60,250 | -€85,397 | -58.6% |
| Taxes | 450/3 | €112,197 | €7,686 | -€104,511 | -93.1% |
| Remuneration and social security | 454/9 | €33,450 | €52,564 | +€19,114 | +57.1% |
| Other amounts payable | 47/48 | €152,729 | €161,671 | +€8,942 | +5.9% |
| Accrued charges and deferred income | 492/3 | €8,581 | €17,028 | +€8,447 | +98.4% |
| Operating income | 70/76A | €23,020,678 | €31,498,341 | +€8.5m | +36.8% |
| Turnover | 70 | €22,982,085 | €31,455,507 | +€8.5m | +36.9% |
| Other operating income | 74 | €38,593 | €42,835 | +€4,242 | +11.0% |
| Operating charges | 60/66A | €22,087,030 | €30,320,779 | +€8.2m | +37.3% |
| Goods for resale, raw materials and consumables | 60 | €19,188,626 | €27,101,576 | +€7.9m | +41.2% |
| Purchases | 600/8 | €19,205,790 | €27,207,714 | +€8.0m | +41.7% |
| Change in stocks: decrease (increase) | 609 | -€17,164 | -€106,138 | -€88,973 | -518% |
| Services and other goods | 61 | €2,272,175 | €2,590,933 | +€318,758 | +14.0% |
| Remuneration, social security and pensions | 62 | €441,141 | €503,926 | +€62,785 | +14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146,949 | €150,833 | +€3,884 | +2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €34,552 | -€34,552 | -€69,104 | |
| Other operating charges | 640/8 | €3,588 | €8,064 | +€4,476 | +125% |
| Operating profit (loss) | 9901 | €933,648 | €1,177,563 | +€243,915 | +26.1% |
| Financial income | 75/76B | €5,844 | €9,091 | +€3,247 | +55.6% |
| Recurring financial income | 75 | €5,844 | €9,091 | +€3,247 | +55.6% |
| Income from current assets | 751 | €2,688 | €1,344 | -€1,344 | -50.0% |
| Other financial income | 752/9 | €3,156 | €7,747 | +€4,591 | +145% |
| Financial charges | 65/66B | €19,547 | €37,774 | +€18,228 | +93.3% |
| Recurring financial charges | 65 | €19,547 | €37,774 | +€18,228 | +93.3% |
| Debt charges | 650 | €19,520 | €14,001 | -€5,519 | -28.3% |
| Other financial charges | 652/9 | €26 | €23,774 | +€23,747 | +90,501% |
| Profit (loss) for the period before taxes | 9903 | €919,945 | €1,148,879 | +€228,934 | +24.9% |
| Income taxes | 67/77 | €233,994 | €290,648 | +€56,653 | +24.2% |
| Taxes | 670/3 | €233,994 | €290,648 | +€56,653 | +24.2% |
| Profit (loss) for the period | 9904 | €685,951 | €858,231 | +€172,281 | +25.1% |
| Transfer to tax-exempt reserves | 689 | - | €589,400 | +€589,400 | |
| Profit (loss) for the period to be appropriated | 9905 | €685,951 | €268,831 | -€417,119 | -60.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.