OVS Projects: 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 Projects
Largest movements
- Receivables within one year +€17,561
up €17,561 (+84.3%), from €20,836 to €38,397
of which Trade receivables: +€17,535
- Tangible fixed assets -€12,256
down €12,256 (-53.9%), from €22,748 to €10,492
of which Furniture and vehicles: -€9,876
- Cash -€2,357
down €2,357 (-7.7%), from €30,810 to €28,453
mainly Contributions, distributions and other (-€46,536) and Receivables within one year (-€17,561)
- Tax, wage and social debts +€10,663
up €10,663 (+277%), from €3,854 to €14,517
- Other debts -€6,882
down €6,882 (-13.3%), from €51,692 to €44,810
- Trade debts -€831
down €831 (-29.2%), from €2,841 to €2,010
- Gross operating margin -€8,632
down €8,632 (-10.9%), from €79,376 to €70,744
- Depreciation -€2,669
down €2,669 (-26.4%), from €10,127 to €7,459
- Taxes -€2,372
down €2,372 (-15.4%), from €15,376 to €13,004
- Financial charges +€1,332
up €1,332 (+104%), from €1,276 to €2,608
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 | €76,987 | €79,937 | +€2,950 | +3.8% |
| Fixed assets | 21/28 | €22,748 | €10,492 | -€12,256 | -53.9% |
| Tangible fixed assets | 22/27 | €22,748 | €10,492 | -€12,256 | -53.9% |
| Furniture and vehicles | 24 | €16,828 | €6,952 | -€9,876 | -58.7% |
| Other tangible fixed assets | 26 | €5,920 | €3,540 | -€2,379 | -40.2% |
| Current assets | 29/58 | €54,239 | €69,445 | +€15,206 | +28.0% |
| Amounts receivable within one year | 40/41 | €20,836 | €38,397 | +€17,561 | +84.3% |
| Trade receivables | 40 | €20,836 | €38,371 | +€17,535 | +84.2% |
| Other amounts receivable | 41 | - | €27 | +€27 | |
| Cash at bank and in hand | 54/58 | €30,810 | €28,453 | -€2,357 | -7.7% |
| Deferred charges and accrued income | 490/1 | €2,593 | €2,595 | +€2 | +0.1% |
| Total equity and liabilities | 10/49 | €76,987 | €79,937 | +€2,950 | +3.8% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €58,387 | €61,337 | +€2,950 | +5.1% |
| Amounts payable within one year | 42/48 | €58,387 | €61,337 | +€2,950 | +5.1% |
| Trade debts | 44 | €2,841 | €2,010 | -€831 | -29.2% |
| Suppliers | 440/4 | €2,841 | €2,010 | -€831 | -29.2% |
| Taxes, remuneration and social security | 45 | €3,854 | €14,517 | +€10,663 | +277% |
| Taxes | 450/3 | €3,854 | €14,517 | +€10,663 | +277% |
| Other amounts payable | 47/48 | €51,692 | €44,810 | -€6,882 | -13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,127 | €7,459 | -€2,669 | -26.4% |
| Other operating charges | 640/8 | €968 | €1,137 | +€169 | +17.4% |
| Gross operating margin | 9900 | €79,376 | €70,744 | -€8,632 | -10.9% |
| Operating profit (loss) | 9901 | €68,280 | €62,149 | -€6,132 | -9.0% |
| Financial charges | 65/66B | €1,276 | €2,608 | +€1,332 | +104% |
| Recurring financial charges | 65 | €1,276 | €2,608 | +€1,332 | +104% |
| Profit (loss) for the period before taxes | 9903 | €67,005 | €59,541 | -€7,464 | -11.1% |
| Income taxes | 67/77 | €15,376 | €13,004 | -€2,372 | -15.4% |
| Profit (loss) for the period | 9904 | €51,628 | €46,536 | -€5,092 | -9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €51,628 | €46,536 | -€5,092 | -9.9% |
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 23 October 2026 via checked.be.