OVS NAV: 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.
OVS NAV
Largest movements
- Stocks and contracts +€55,824
up €55,824 (+313.0%), from €17,833 to €73,657
- Cash +€45,424
up €45,424 (+101.8%), from €44,623 to €90,047
mainly Net result for the year (+€70,286) and Tax, wage and social debts (+€23,216)
- Receivables within one year -€7,157
down €7,157 (-55.7%), from €12,857 to €5,700
- Profit (loss) carried forward +€67,787
up €67,787 (+185.6%), from €36,531 to €104,318
- Tax, wage and social debts +€23,216
up €23,216 (+108.2%), from €21,453 to €44,670
- Trade debts +€2,845
up €2,845 (+438.8%), from €648 to €3,493
- Turnover -€124,962
no longer reported in 2025 (was €124,962)
- Purchases and services -€73,007
no longer reported in 2025 (was €73,007)
- Gross operating margin +€42,128
up €42,128 (+81.1%), from €51,955 to €94,083
- Taxes +€10,489
up €10,489 (+80.8%), from €12,977 to €23,466
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 | €75,313 | €169,403 | +€94,091 | +124.9% |
| Current assets | 29/58 | €75,313 | €169,403 | +€94,091 | +124.9% |
| Stocks and contracts in progress | 3 | €17,833 | €73,657 | +€55,824 | +313.0% |
| Stocks | 30/36 | €17,833 | €73,657 | +€55,824 | +313.0% |
| Amounts receivable within one year | 40/41 | €12,857 | €5,700 | -€7,157 | -55.7% |
| Trade receivables | 40 | €12,857 | €5,700 | -€7,157 | -55.7% |
| Cash at bank and in hand | 54/58 | €44,623 | €90,047 | +€45,424 | +101.8% |
| Total equity and liabilities | 10/49 | €75,313 | €169,403 | +€94,091 | +124.9% |
| Equity | 10/15 | €39,531 | €107,318 | +€67,787 | +171.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,531 | €104,318 | +€67,787 | +185.6% |
| Amounts payable | 17/49 | €35,782 | €62,085 | +€26,303 | +73.5% |
| Amounts payable within one year | 42/48 | €35,782 | €62,085 | +€26,303 | +73.5% |
| Trade debts | 44 | €648 | €3,493 | +€2,845 | +438.8% |
| Suppliers | 440/4 | €648 | €3,493 | +€2,845 | +438.8% |
| Taxes, remuneration and social security | 45 | €21,453 | €44,670 | +€23,216 | +108.2% |
| Taxes | 450/3 | €21,453 | €44,670 | +€23,216 | +108.2% |
| Other amounts payable | 47/48 | €13,680 | €13,922 | +€242 | +1.8% |
| Turnover | 70 | €124,962 | - | -€124,962 | |
| Goods, raw materials, services and sundry goods | 60/61 | €73,007 | - | -€73,007 | |
| Remuneration, social security and pensions | 62 | - | €219 | +€219 | |
| Gross operating margin | 9900 | €51,955 | €94,083 | +€42,128 | +81.1% |
| Operating profit (loss) | 9901 | €51,955 | €93,863 | +€41,909 | +80.7% |
| Financial charges | 65/66B | €46 | €111 | +€65 | +139.3% |
| Recurring financial charges | 65 | €46 | €111 | +€65 | +139.3% |
| Profit (loss) for the period before taxes | 9903 | €51,908 | €93,752 | +€41,844 | +80.6% |
| Income taxes | 67/77 | €12,977 | €23,466 | +€10,489 | +80.8% |
| Profit (loss) for the period | 9904 | €38,931 | €70,286 | +€31,355 | +80.5% |
| Profit (loss) for the period to be appropriated | 9905 | €38,931 | €70,286 | +€31,355 | +80.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.