Ovobel: 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.
Ovobel
Largest movements
- Current investments -€1.7m
down €1.7m (-55.0%), from €3.1m to €1.4m
- Cash +€580,080
up €580,080 (+121%), from €477,733 to €1.1m
mainly Current investments (+€1.7m) and Net result for the year (+€110,270)
- Receivables within one year +€197,014
up €197,014 (+153%), from €128,485 to €325,499
of which Trade receivables: +€192,389
- Stocks and contracts +€115,722
up €115,722 (+50.4%), from €229,622 to €345,343
- Trade debts -€790,535
down €790,535 (-36.9%), from €2.1m to €1.3m
- Other debts -€153,895
down €153,895 (-51.9%), from €296,761 to €142,866
- Profit (loss) carried forward +€110,270
up €110,270 (+8.7%), from €1.3m to €1.4m
- Financial charges +€91,448
up €91,448 (+1,234%), from €7,412 to €98,860
- Staff costs +€79,735
up €79,735 (+11.0%), from €724,807 to €804,542
- Taxes -€56,657
down €56,657 (-57.2%), from €99,126 to €42,469
- Financial income -€53,179
down €53,179 (-38.2%), from €139,101 to €85,922
- Gross operating margin -€28,864
down €28,864 (-2.8%), from €1.0m to €1.0m
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 | €4,383,186 | €3,582,808 | -€800,378 | -18.3% |
| Fixed assets | 21/28 | €402,527 | €425,361 | +€22,834 | +5.7% |
| Tangible fixed assets | 22/27 | €400,322 | €423,156 | +€22,834 | +5.7% |
| Land and buildings | 22 | €369,213 | €390,016 | +€20,803 | +5.6% |
| Plant, machinery and equipment | 23 | €13,364 | €13,508 | +€144 | +1.1% |
| Furniture and vehicles | 24 | €14,175 | €19,632 | +€5,458 | +38.5% |
| Leasing and similar rights | 25 | €3,570 | €0 | -€3,570 | -100% |
| Financial fixed assets | 28 | €2,205 | €2,205 | = | 0.0% |
| Current assets | 29/58 | €3,980,658 | €3,157,447 | -€823,212 | -20.7% |
| Stocks and contracts in progress | 3 | €229,622 | €345,343 | +€115,722 | +50.4% |
| Stocks | 30/36 | €229,622 | €345,343 | +€115,722 | +50.4% |
| Amounts receivable within one year | 40/41 | €128,485 | €325,499 | +€197,014 | +153% |
| Trade receivables | 40 | €71,098 | €263,487 | +€192,389 | +271% |
| Other amounts receivable | 41 | €57,387 | €62,012 | +€4,625 | +8.1% |
| Current investments | 50/53 | €3,128,139 | €1,406,973 | -€1.7m | -55.0% |
| Cash at bank and in hand | 54/58 | €477,733 | €1,057,813 | +€580,080 | +121% |
| Deferred charges and accrued income | 490/1 | €16,679 | €21,818 | +€5,139 | +30.8% |
| Total equity and liabilities | 10/49 | €4,383,186 | €3,582,808 | -€800,378 | -18.3% |
| Equity | 10/15 | €1,358,460 | €1,468,730 | +€110,270 | +8.1% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €15,949 | €15,949 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,000 | €7,000 | = | 0.0% |
| Legal reserve | 130 | €7,000 | €7,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,949 | €5,949 | = | 0.0% |
| Distributable reserves | 133 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,272,511 | €1,382,781 | +€110,270 | +8.7% |
| Amounts payable | 17/49 | €3,024,725 | €2,114,078 | -€910,648 | -30.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €2,517,009 | €1,607,329 | -€909,680 | -36.1% |
| Current portion of amounts payable after more than one year | 42 | €7,440 | €0 | -€7,440 | -100% |
| Trade debts | 44 | €2,139,900 | €1,349,365 | -€790,535 | -36.9% |
| Suppliers | 440/4 | €2,139,900 | €1,349,365 | -€790,535 | -36.9% |
| Taxes, remuneration and social security | 45 | €72,908 | €115,097 | +€42,189 | +57.9% |
| Taxes | 450/3 | €6 | €20,947 | +€20,940 | +322,657% |
| Remuneration and social security | 454/9 | €72,902 | €94,150 | +€21,249 | +29.1% |
| Other amounts payable | 47/48 | €296,761 | €142,866 | -€153,895 | -51.9% |
| Accrued charges and deferred income | 492/3 | €507,717 | €506,749 | -€968 | -0.2% |
| Non-recurring operating income | 76A | €17,429 | €0 | -€17,429 | -100% |
| Remuneration, social security and pensions | 62 | €724,807 | €804,542 | +€79,735 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,485 | €40,162 | +€1,677 | +4.4% |
| Other operating charges | 640/8 | €7,448 | €7,794 | +€346 | +4.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,047,039 | €1,018,175 | -€28,864 | -2.8% |
| Operating profit (loss) | 9901 | €276,299 | €165,678 | -€110,622 | -40.0% |
| Financial income | 75/76B | €139,101 | €85,922 | -€53,179 | -38.2% |
| Recurring financial income | 75 | €139,101 | €85,922 | -€53,179 | -38.2% |
| Financial charges | 65/66B | €7,412 | €98,860 | +€91,448 | +1,234% |
| Recurring financial charges | 65 | €7,412 | €98,860 | +€91,448 | +1,234% |
| Profit (loss) for the period before taxes | 9903 | €407,988 | €152,739 | -€255,249 | -62.6% |
| Income taxes | 67/77 | €99,126 | €42,469 | -€56,657 | -57.2% |
| Profit (loss) for the period | 9904 | €308,862 | €110,270 | -€198,592 | -64.3% |
| Profit (loss) for the period to be appropriated | 9905 | €308,862 | €110,270 | -€198,592 | -64.3% |
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 21 October 2026 via checked.be.