OEWY S.A.: 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.
OEWY S.A.
Largest movements
- Receivables within one year +€85,621
up €85,621 (+32.9%), from €259,856 to €345,477
of which Trade receivables: +€94,932
- Cash +€8,642
new in 2025: €8,642
mainly Trade debts (+€81,644) and Tax, wage and social debts (+€69,683)
- Formation expenses -€8,400
down €8,400 (-67.0%), from €12,542 to €4,142
- Deferred charges and accrued income -€5,768
down €5,768 (-42.2%), from €13,682 to €7,913
- Trade debts +€81,644
up €81,644 (+115%), from €71,210 to €152,854
- Tax, wage and social debts +€69,683
up €69,683 (+40.1%), from €173,571 to €243,254
of which Remuneration and social security: +€49,989
- Current portion of long-term debt -€33,953
down €33,953 (-37.7%), from €90,172 to €56,219
- Profit (loss) carried forward -€33,110
down €33,110 (-27.4%), from -€120,892 to -€154,001
- Accrued charges and deferred income +€20,875
up €20,875 (+248%), from €8,432 to €29,307
- Staff costs +€137,203
up €137,203 (+28.1%), from €489,104 to €626,307
- Gross operating margin +€124,506
up €124,506 (+22.0%), from €565,729 to €690,235
- Other operating charges -€76,611
down €76,611 (-68.0%), from €112,637 to €36,027
- Write-downs -€38,387
down €38,387, from €11,917 to -€26,470
- Financial charges +€18,289
up €18,289 (+106%), from €17,333 to €35,622
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €336,719 | €419,400 | +€82,681 | +24.6% |
| Formation expenses | 20 | €12,542 | €4,142 | -€8,400 | -67.0% |
| Fixed assets | 21/28 | €50,638 | €53,224 | +€2,586 | +5.1% |
| Intangible fixed assets | 21 | €34,892 | €38,540 | +€3,648 | +10.5% |
| Tangible fixed assets | 22/27 | €12,421 | €12,684 | +€263 | +2.1% |
| Furniture and vehicles | 24 | €12,421 | €12,684 | +€263 | +2.1% |
| Financial fixed assets | 28 | €3,325 | €2,000 | -€1,325 | -39.8% |
| Current assets | 29/58 | €273,538 | €362,033 | +€88,495 | +32.4% |
| Amounts receivable within one year | 40/41 | €259,856 | €345,477 | +€85,621 | +32.9% |
| Trade receivables | 40 | €241,718 | €336,650 | +€94,932 | +39.3% |
| Other amounts receivable | 41 | €18,138 | €8,827 | -€9,311 | -51.3% |
| Cash at bank and in hand | 54/58 | - | €8,642 | +€8,642 | |
| Deferred charges and accrued income | 490/1 | €13,682 | €7,913 | -€5,768 | -42.2% |
| Total equity and liabilities | 10/49 | €336,719 | €419,400 | +€82,681 | +24.6% |
| Equity | 10/15 | -€30,592 | -€63,701 | -€33,110 | -108% |
| Contributions | 10/11 | €90,300 | €90,300 | = | 0.0% |
| Capital | 10 | €90,300 | €90,300 | = | 0.0% |
| Issued capital | 100 | €90,300 | €90,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€120,892 | -€154,001 | -€33,110 | -27.4% |
| Amounts payable | 17/49 | €367,311 | €483,101 | +€115,790 | +31.5% |
| Amounts payable after more than one year | 17 | €8,494 | €1,220 | -€7,274 | -85.6% |
| Financial debts | 170/4 | €8,494 | €1,220 | -€7,274 | -85.6% |
| Amounts payable within one year | 42/48 | €350,384 | €452,575 | +€102,190 | +29.2% |
| Current portion of amounts payable after more than one year | 42 | €90,172 | €56,219 | -€33,953 | -37.7% |
| Financial debts | 43 | €15,432 | - | -€15,432 | |
| Credit institutions | 430/8 | €15,432 | - | -€15,432 | |
| Trade debts | 44 | €71,210 | €152,854 | +€81,644 | +115% |
| Suppliers | 440/4 | €71,210 | €152,854 | +€81,644 | +115% |
| Taxes, remuneration and social security | 45 | €173,571 | €243,254 | +€69,683 | +40.1% |
| Taxes | 450/3 | €77,381 | €97,075 | +€19,694 | +25.5% |
| Remuneration and social security | 454/9 | €96,190 | €146,179 | +€49,989 | +52.0% |
| Other amounts payable | 47/48 | - | €248 | +€248 | |
| Accrued charges and deferred income | 492/3 | €8,432 | €29,307 | +€20,875 | +248% |
| Non-recurring operating income | 76A | - | €2,892 | +€2,892 | |
| Remuneration, social security and pensions | 62 | €489,104 | €626,307 | +€137,203 | +28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,165 | €45,099 | +€4,934 | +12.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,917 | -€26,470 | -€38,387 | |
| Other operating charges | 640/8 | €112,637 | €36,027 | -€76,611 | -68.0% |
| Non-recurring operating charges | 66A | €3,399 | €4,325 | +€926 | +27.3% |
| Gross operating margin | 9900 | €565,729 | €690,235 | +€124,506 | +22.0% |
| Operating profit (loss) | 9901 | -€91,494 | €4,947 | +€96,441 | |
| Financial income | 75/76B | €44 | €31 | -€12 | -28.1% |
| Recurring financial income | 75 | €44 | €31 | -€12 | -28.1% |
| Financial charges | 65/66B | €17,333 | €35,622 | +€18,289 | +106% |
| Recurring financial charges | 65 | €17,333 | €35,622 | +€18,289 | +106% |
| Profit (loss) for the period before taxes | 9903 | -€108,783 | -€30,644 | +€78,140 | +71.8% |
| Income taxes | 67/77 | €1,118 | €2,466 | +€1,348 | +121% |
| Profit (loss) for the period | 9904 | -€109,901 | -€33,110 | +€76,792 | +69.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€109,901 | -€33,110 | +€76,792 | +69.9% |
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 29 October 2026 via checked.be.