DENNIS OSWELL: 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.
DENNIS OSWELL
Largest movements
- Receivables within one year +€513,964
up €513,964 (+115%), from €445,668 to €959,632
of which Trade receivables: +€402,663
- Current investments -€99,096
down €99,096 (-13.8%), from €716,584 to €617,488
- Tangible fixed assets -€26,443
down €26,443 (-3.6%), from €740,633 to €714,189
of which Land and buildings: -€39,448
- Reserves +€472,000
up €472,000 (+34.7%), from €1.4m to €1.8m
of which Distributable reserves: +€472,000
- Debts after one year -€76,319
down €76,319 (-21.6%), from €353,654 to €277,335
- Gross operating margin +€223,760
up €223,760 (+45.2%), from €495,561 to €719,321
- Taxes +€54,119
up €54,119 (+45.9%), from €117,874 to €171,993
- Depreciation -€11,591
down €11,591 (-19.4%), from €59,727 to €48,136
- Financial charges -€10,581
down €10,581 (-32.1%), from €32,991 to €22,411
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,929,238 | €2,320,424 | +€391,186 | +20.3% |
| Fixed assets | 21/28 | €745,211 | €718,767 | -€26,443 | -3.5% |
| Tangible fixed assets | 22/27 | €740,633 | €714,189 | -€26,443 | -3.6% |
| Land and buildings | 22 | €668,550 | €629,102 | -€39,448 | -5.9% |
| Plant, machinery and equipment | 23 | €2,040 | €1,833 | -€207 | -10.2% |
| Furniture and vehicles | 24 | €70,042 | €83,254 | +€13,213 | +18.9% |
| Financial fixed assets | 28 | €4,578 | €4,578 | = | 0.0% |
| Current assets | 29/58 | €1,184,028 | €1,601,657 | +€417,629 | +35.3% |
| Amounts receivable within one year | 40/41 | €445,668 | €959,632 | +€513,964 | +115% |
| Trade receivables | 40 | €153,651 | €556,314 | +€402,663 | +262% |
| Other amounts receivable | 41 | €292,016 | €403,318 | +€111,301 | +38.1% |
| Current investments | 50/53 | €716,584 | €617,488 | -€99,096 | -13.8% |
| Cash at bank and in hand | 54/58 | €12,540 | €13,725 | +€1,185 | +9.5% |
| Deferred charges and accrued income | 490/1 | €9,236 | €10,812 | +€1,576 | +17.1% |
| Total equity and liabilities | 10/49 | €1,929,238 | €2,320,424 | +€391,186 | +20.3% |
| Equity | 10/15 | €1,369,166 | €1,837,742 | +€468,576 | +34.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,359,460 | €1,831,460 | +€472,000 | +34.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,359,460 | €1,831,460 | +€472,000 | +34.7% |
| Profit (loss) carried forward | 14 | €3,506 | €82 | -€3,424 | -97.7% |
| Amounts payable | 17/49 | €560,072 | €482,682 | -€77,390 | -13.8% |
| Amounts payable after more than one year | 17 | €353,654 | €277,335 | -€76,319 | -21.6% |
| Financial debts | 170/4 | €353,654 | €277,335 | -€76,319 | -21.6% |
| Amounts payable within one year | 42/48 | €206,418 | €205,347 | -€1,071 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €104,290 | €106,727 | +€2,436 | +2.3% |
| Trade debts | 44 | €93,427 | €85,678 | -€7,749 | -8.3% |
| Suppliers | 440/4 | €93,427 | €85,678 | -€7,749 | -8.3% |
| Taxes, remuneration and social security | 45 | €8,700 | €12,942 | +€4,242 | +48.8% |
| Taxes | 450/3 | €8,700 | €12,942 | +€4,242 | +48.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,727 | €48,136 | -€11,591 | -19.4% |
| Other operating charges | 640/8 | €16,560 | €13,302 | -€3,258 | -19.7% |
| Gross operating margin | 9900 | €495,561 | €719,321 | +€223,760 | +45.2% |
| Operating profit (loss) | 9901 | €419,273 | €657,882 | +€238,609 | +56.9% |
| Financial income | 75/76B | €4,234 | €5,097 | +€862 | +20.4% |
| Recurring financial income | 75 | €4,234 | €5,097 | +€862 | +20.4% |
| Financial charges | 65/66B | €32,991 | €22,411 | -€10,581 | -32.1% |
| Recurring financial charges | 65 | €32,991 | €22,411 | -€10,581 | -32.1% |
| Profit (loss) for the period before taxes | 9903 | €390,517 | €640,568 | +€250,052 | +64.0% |
| Income taxes | 67/77 | €117,874 | €171,993 | +€54,119 | +45.9% |
| Profit (loss) for the period | 9904 | €272,643 | €468,576 | +€195,933 | +71.9% |
| Profit (loss) for the period to be appropriated | 9905 | €272,643 | €468,576 | +€195,933 | +71.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.