OKAVANGO: what changed
What changed
OKAVANGO
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€172,798
2024 · €136,808+€35,990
Equity
€589,782
2024 · €595,841-€6,058
Cash
€71,064
2024 · €66,834+€4,230
Balance sheet total
€957,847
2024 · €834,649+€123,198
Largest movements
Assets
- Receivables within one year +€135,897
up €135,897 (+47.2%), from €288,002 to €423,899
of which Other amounts receivable: +€160,323
- Tangible fixed assets -€16,929
down €16,929 (-6.3%), from €269,816 to €252,887
of which Land and buildings: -€11,354
Equity and liabilities
- Other debts +€100,749
up €100,749 (+129%), from €78,107 to €178,856
- Tax, wage and social debts +€52,481
up €52,481 (+147%), from €35,693 to €88,174
- Debts after one year -€20,209
down €20,209 (-20.0%), from €101,035 to €80,826
Income statement
- Gross operating margin +€47,340
up €47,340 (+22.1%), from €214,622 to €261,962
- Taxes +€19,997
up €19,997 (+30.2%), from €66,151 to €86,148
- Financial income +€7,280
up €7,280 (+52.3%), from €13,909 to €21,189
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
€136,808
Gross operating margin
+€47,340
Depreciation
-€364
Other operating charges
-€44
Financial income
+€7,280
Financial charges
+€1,775
Taxes
-€19,997
Result 2025
€172,798
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
+€205,358
Investment
-€2,413
Financing
-€198,715
Cash 2024
€66,834
From operations (derived)
+€205,358
Net result for the year
+€172,798
Depreciation
+€19,342
Receivables within one year
-€135,897
Trade debts
-€4,115
Tax, wage and social debts
+€52,481
Other debts
+€100,749
Investment (derived)
-€2,413
Investment in fixed assets (net)
-€2,413
Financing
-€198,715
Debts after one year
-€20,209
Current portion of long-term debt
+€350
Contributions, distributions and other
-€178,856
Cash 2025
€71,064
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €834,649 | €957,847 | +€123,198 | +14.8% |
| Fixed assets | 21/28 | €269,816 | €252,887 | -€16,929 | -6.3% |
| Tangible fixed assets | 22/27 | €269,816 | €252,887 | -€16,929 | -6.3% |
| Land and buildings | 22 | €215,927 | €204,573 | -€11,354 | -5.3% |
| Furniture and vehicles | 24 | €53,889 | €48,314 | -€5,575 | -10.3% |
| Current assets | 29/58 | €564,834 | €704,961 | +€140,127 | +24.8% |
| Amounts receivable after more than one year | 29 | €110,000 | €110,000 | = | 0.0% |
| Other amounts receivable | 291 | €110,000 | €110,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €288,002 | €423,899 | +€135,897 | +47.2% |
| Trade receivables | 40 | €68,339 | €43,913 | -€24,426 | -35.7% |
| Other amounts receivable | 41 | €219,663 | €379,986 | +€160,323 | +73.0% |
| Current investments | 50/53 | €99,998 | €99,998 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €66,834 | €71,064 | +€4,230 | +6.3% |
| Total equity and liabilities | 10/49 | €834,649 | €957,847 | +€123,198 | +14.8% |
| Equity | 10/15 | €595,841 | €589,782 | -€6,058 | -1.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €583,441 | €577,382 | -€6,058 | -1.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €583,441 | €577,382 | -€6,058 | -1.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €238,809 | €368,065 | +€129,256 | +54.1% |
| Amounts payable after more than one year | 17 | €101,035 | €80,826 | -€20,209 | -20.0% |
| Financial debts | 170/4 | €101,035 | €80,826 | -€20,209 | -20.0% |
| Amounts payable within one year | 42/48 | €137,774 | €287,239 | +€149,465 | +108% |
| Current portion of amounts payable after more than one year | 42 | €19,859 | €20,209 | +€350 | +1.8% |
| Trade debts | 44 | €4,115 | €0 | -€4,115 | -100% |
| Suppliers | 440/4 | €4,115 | €0 | -€4,115 | -100% |
| Taxes, remuneration and social security | 45 | €35,693 | €88,174 | +€52,481 | +147% |
| Taxes | 450/3 | €35,693 | €88,174 | +€52,481 | +147% |
| Other amounts payable | 47/48 | €78,107 | €178,856 | +€100,749 | +129% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,979 | €19,342 | +€364 | +1.9% |
| Other operating charges | 640/8 | €1,443 | €1,487 | +€44 | +3.0% |
| Gross operating margin | 9900 | €214,622 | €261,962 | +€47,340 | +22.1% |
| Operating profit (loss) | 9901 | €194,200 | €241,133 | +€46,932 | +24.2% |
| Financial income | 75/76B | €13,909 | €21,189 | +€7,280 | +52.3% |
| Recurring financial income | 75 | €13,909 | €21,189 | +€7,280 | +52.3% |
| Financial charges | 65/66B | €5,151 | €3,376 | -€1,775 | -34.5% |
| Recurring financial charges | 65 | €5,151 | €3,376 | -€1,775 | -34.5% |
| Profit (loss) for the period before taxes | 9903 | €202,958 | €258,945 | +€55,987 | +27.6% |
| Income taxes | 67/77 | €66,151 | €86,148 | +€19,997 | +30.2% |
| Profit (loss) for the period | 9904 | €136,808 | €172,798 | +€35,990 | +26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €136,808 | €172,798 | +€35,990 | +26.3% |
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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 1 November 2026 via checked.be.