E.C. OUWERX: 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.
E.C. OUWERX
Largest movements
- Cash +€60,242
up €60,242 (+45.3%), from €132,970 to €193,212
mainly Current investments (+€46,115) and Depreciation (+€15,095)
- Current investments -€46,115
down €46,115 (-23.6%), from €195,190 to €149,075
- Receivables within one year +€22,822
up €22,822 (+40.8%), from €55,881 to €78,703
of which Trade receivables: +€27,441
- Tangible fixed assets -€12,540
down €12,540 (-19.3%), from €65,048 to €52,508
of which Furniture and vehicles: -€14,627
- Other debts +€13,048
up €13,048 (+14.4%), from €90,300 to €103,348
- Reserves +€7,500
up €7,500 (+4.1%), from €181,975 to €189,475
of which Distributable reserves: +€7,500
- Gross operating margin +€9,318
up €9,318 (+62.6%), from €14,878 to €24,196
- Depreciation +€7,600
up €7,600 (+101%), from €7,495 to €15,095
- Financial income +€4,377
up €4,377 (+261%), from €1,674 to €6,051
- Taxes +€3,435
up €3,435 (+201%), from €1,713 to €5,148
- Other operating charges -€2,539
down €2,539 (-67.1%), from €3,782 to €1,243
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 | €458,971 | €483,370 | +€24,398 | +5.3% |
| Fixed assets | 21/28 | €65,048 | €52,508 | -€12,540 | -19.3% |
| Tangible fixed assets | 22/27 | €65,048 | €52,508 | -€12,540 | -19.3% |
| Furniture and vehicles | 24 | €65,048 | €50,420 | -€14,627 | -22.5% |
| Other tangible fixed assets | 26 | - | €2,087 | +€2,087 | |
| Current assets | 29/58 | €393,924 | €430,862 | +€36,938 | +9.4% |
| Amounts receivable within one year | 40/41 | €55,881 | €78,703 | +€22,822 | +40.8% |
| Trade receivables | 40 | €47,096 | €74,537 | +€27,441 | +58.3% |
| Other amounts receivable | 41 | €8,785 | €4,166 | -€4,619 | -52.6% |
| Current investments | 50/53 | €195,190 | €149,075 | -€46,115 | -23.6% |
| Cash at bank and in hand | 54/58 | €132,970 | €193,212 | +€60,242 | +45.3% |
| Deferred charges and accrued income | 490/1 | €9,883 | €9,871 | -€12 | -0.1% |
| Total equity and liabilities | 10/49 | €458,971 | €483,370 | +€24,398 | +5.3% |
| Equity | 10/15 | €200,839 | €208,508 | +€7,669 | +3.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €181,975 | €189,475 | +€7,500 | +4.1% |
| Tax-exempt reserves | 132 | €2,750 | €2,750 | = | 0.0% |
| Distributable reserves | 133 | €179,225 | €186,725 | +€7,500 | +4.2% |
| Profit (loss) carried forward | 14 | €272 | €441 | +€169 | +62.1% |
| Provisions and deferred taxes | 16 | €158,500 | €158,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €158,500 | €158,500 | = | 0.0% |
| Other liabilities and charges | 164/5 | €158,500 | €158,500 | = | 0.0% |
| Amounts payable | 17/49 | €99,632 | €116,362 | +€16,729 | +16.8% |
| Amounts payable within one year | 42/48 | €99,632 | €116,362 | +€16,729 | +16.8% |
| Trade debts | 44 | €190 | €936 | +€746 | +393% |
| Suppliers | 440/4 | €190 | €936 | +€746 | +393% |
| Taxes, remuneration and social security | 45 | €9,143 | €12,078 | +€2,935 | +32.1% |
| Taxes | 450/3 | €7,569 | €10,048 | +€2,479 | +32.8% |
| Remuneration and social security | 454/9 | €1,573 | €2,030 | +€456 | +29.0% |
| Other amounts payable | 47/48 | €90,300 | €103,348 | +€13,048 | +14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,495 | €15,095 | +€7,600 | +101% |
| Other operating charges | 640/8 | €3,782 | €1,243 | -€2,539 | -67.1% |
| Gross operating margin | 9900 | €14,878 | €24,196 | +€9,318 | +62.6% |
| Operating profit (loss) | 9901 | €3,601 | €7,857 | +€4,257 | +118% |
| Financial income | 75/76B | €1,674 | €6,051 | +€4,377 | +261% |
| Recurring financial income | 75 | €1,674 | €6,051 | +€4,377 | +261% |
| Financial charges | 65/66B | €84 | €92 | +€8 | +9.2% |
| Recurring financial charges | 65 | €84 | €92 | +€8 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | €5,191 | €13,817 | +€8,626 | +166% |
| Income taxes | 67/77 | €1,713 | €5,148 | +€3,435 | +201% |
| Profit (loss) for the period | 9904 | €3,478 | €8,669 | +€5,191 | +149% |
| Profit (loss) for the period to be appropriated | 9905 | €3,478 | €8,669 | +€5,191 | +149% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.