TEST OV: what changed
Two fiscal 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.
TEST OV
Largest movements
- Receivables within one year +€130,552
up €130,552 (+293.9%), from €44,421 to €174,973
of which Trade receivables: +€140,365
- Tangible fixed assets -€87,161
down €87,161 (-7.2%), from €1.2m to €1.1m
of which Furniture and vehicles: -€127,503
- Debts after one year -€70,616
down €70,616 (-25.1%), from €281,088 to €210,472
- Trade debts +€54,042
up €54,042 (+56.7%), from €95,298 to €149,341
- Reserves +€34,419
up €34,419 (+4.8%), from €713,770 to €748,189
of which Distributable reserves: +€60,000
- Tax, wage and social debts +€26,249
up €26,249 (+140.4%), from €18,702 to €44,951
of which Taxes: +€21,729
- Investment grants -€17,861
down €17,861 (-15.1%), from €117,978 to €100,117
- Gross operating margin +€31,518
up €31,518 (+17.7%), from €177,713 to €209,231
- Other operating charges -€15,235
down €15,235 (-46.9%), from €32,480 to €17,245
- Depreciation +€8,685
up €8,685 (+6.6%), from €131,503 to €140,188
- Taxes +€6,027
up €6,027 (+43.9%), from €13,741 to €19,768
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 | €1,326,758 | €1,360,390 | +€33,632 | +2.5% |
| Fixed assets | 21/28 | €1,223,890 | €1,136,729 | -€87,161 | -7.1% |
| Tangible fixed assets | 22/27 | €1,210,790 | €1,123,629 | -€87,161 | -7.2% |
| Land and buildings | 22 | €787,810 | €802,636 | +€14,826 | +1.9% |
| Plant, machinery and equipment | 23 | €30,518 | €56,034 | +€25,516 | +83.6% |
| Furniture and vehicles | 24 | €392,462 | €264,959 | -€127,503 | -32.5% |
| Financial fixed assets | 28 | €13,100 | €13,100 | = | 0.0% |
| Current assets | 29/58 | €102,868 | €223,661 | +€120,793 | +117.4% |
| Stocks and contracts in progress | 3 | €5,036 | €3,000 | -€2,036 | -40.4% |
| Stocks | 30/36 | €5,036 | €3,000 | -€2,036 | -40.4% |
| Amounts receivable within one year | 40/41 | €44,421 | €174,973 | +€130,552 | +293.9% |
| Trade receivables | 40 | €34,607 | €174,973 | +€140,365 | +405.6% |
| Other amounts receivable | 41 | €9,814 | - | -€9,814 | |
| Cash at bank and in hand | 54/58 | €53,411 | €44,519 | -€8,891 | -16.6% |
| Deferred charges and accrued income | 490/1 | - | €1,169 | +€1,169 | |
| Total equity and liabilities | 10/49 | €1,326,758 | €1,360,390 | +€33,632 | +2.5% |
| Equity | 10/15 | €859,027 | €878,658 | +€19,631 | +2.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €713,770 | €748,189 | +€34,419 | +4.8% |
| Tax-exempt reserves | 132 | €253,770 | €228,189 | -€25,581 | -10.1% |
| Distributable reserves | 133 | €460,000 | €520,000 | +€60,000 | +13.0% |
| Profit (loss) carried forward | 14 | €8,687 | €11,759 | +€3,072 | +35.4% |
| Investment grants | 15 | €117,978 | €100,117 | -€17,861 | -15.1% |
| Amounts payable | 17/49 | €467,731 | €481,733 | +€14,001 | +3.0% |
| Amounts payable after more than one year | 17 | €281,088 | €210,472 | -€70,616 | -25.1% |
| Financial debts | 170/4 | €281,088 | €210,472 | -€70,616 | -25.1% |
| Amounts payable within one year | 42/48 | €186,643 | €271,261 | +€84,617 | +45.3% |
| Current portion of amounts payable after more than one year | 42 | €65,914 | €72,499 | +€6,586 | +10.0% |
| Trade debts | 44 | €95,298 | €149,341 | +€54,042 | +56.7% |
| Suppliers | 440/4 | €95,298 | €149,341 | +€54,042 | +56.7% |
| Taxes, remuneration and social security | 45 | €18,702 | €44,951 | +€26,249 | +140.4% |
| Taxes | 450/3 | €16,442 | €38,171 | +€21,729 | +132.2% |
| Remuneration and social security | 454/9 | €2,260 | €6,780 | +€4,520 | +200.0% |
| Other amounts payable | 47/48 | €6,729 | €4,469 | -€2,260 | -33.6% |
| Non-recurring operating income | 76A | - | €13,336 | +€13,336 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €131,503 | €140,188 | +€8,685 | +6.6% |
| Other operating charges | 640/8 | €32,480 | €17,245 | -€15,235 | -46.9% |
| Gross operating margin | 9900 | €177,713 | €209,231 | +€31,518 | +17.7% |
| Operating profit (loss) | 9901 | €13,729 | €51,798 | +€38,068 | +277.3% |
| Financial income | 75/76B | €18,266 | €18,157 | -€109 | -0.6% |
| Recurring financial income | 75 | €18,266 | €18,157 | -€109 | -0.6% |
| Financial charges | 65/66B | €11,550 | €12,696 | +€1,146 | +9.9% |
| Recurring financial charges | 65 | €11,550 | €12,696 | +€1,146 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | €20,446 | €57,260 | +€36,814 | +180.1% |
| Income taxes | 67/77 | €13,741 | €19,768 | +€6,027 | +43.9% |
| Profit (loss) for the period | 9904 | €6,705 | €37,492 | +€30,787 | +459.2% |
| Transfer from tax-exempt reserves | 789 | €25,581 | €25,581 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €32,286 | €63,072 | +€30,787 | +95.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.