Oftewel: 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.
Oftewel
Largest movements
- Tangible fixed assets -€33,002
down €33,002 (-3.8%), from €875,707 to €842,705
- Cash +€19,522
up €19,522 (+116%), from €16,786 to €36,308
mainly Depreciation (+€33,002) and Net result for the year (+€15,703)
- Debts after one year -€25,933
down €25,933 (-12.6%), from €205,946 to €180,013
- Profit (loss) carried forward +€15,703
up €15,703 (+236%), from €6,645 to €22,347
- Gross operating margin +€7,688
up €7,688 (+13.6%), from €56,333 to €64,021
- Other operating charges +€3,548
up €3,548 (+638%), from €556 to €4,104
- Taxes +€2,263
up €2,263 (+136%), from €1,661 to €3,925
- Financial charges -€841
down €841 (-10.2%), from €8,212 to €7,371
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 | €900,828 | €894,812 | -€6,016 | -0.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €875,707 | €842,705 | -€33,002 | -3.8% |
| Tangible fixed assets | 22/27 | €875,707 | €842,705 | -€33,002 | -3.8% |
| Land and buildings | 22 | €875,707 | €842,705 | -€33,002 | -3.8% |
| Current assets | 29/58 | €25,121 | €52,108 | +€26,987 | +107% |
| Amounts receivable within one year | 40/41 | €7,563 | €14,833 | +€7,271 | +96.1% |
| Trade receivables | 40 | €7,563 | €14,833 | +€7,271 | +96.1% |
| Cash at bank and in hand | 54/58 | €16,786 | €36,308 | +€19,522 | +116% |
| Deferred charges and accrued income | 490/1 | €772 | €966 | +€194 | +25.1% |
| Total equity and liabilities | 10/49 | €900,828 | €894,812 | -€6,016 | -0.7% |
| Equity | 10/15 | €65,145 | €80,847 | +€15,703 | +24.1% |
| Contributions | 10/11 | €58,500 | €58,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,645 | €22,347 | +€15,703 | +236% |
| Amounts payable | 17/49 | €835,683 | €813,965 | -€21,718 | -2.6% |
| Amounts payable after more than one year | 17 | €205,946 | €180,013 | -€25,933 | -12.6% |
| Financial debts | 170/4 | €205,946 | €180,013 | -€25,933 | -12.6% |
| Amounts payable within one year | 42/48 | €629,737 | €633,952 | +€4,214 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €25,101 | €25,933 | +€832 | +3.3% |
| Trade debts | 44 | €679 | €638 | -€41 | -6.1% |
| Suppliers | 440/4 | €679 | €638 | -€41 | -6.1% |
| Taxes, remuneration and social security | 45 | €3,775 | €7,199 | +€3,424 | +90.7% |
| Taxes | 450/3 | €3,775 | €7,199 | +€3,424 | +90.7% |
| Other amounts payable | 47/48 | €600,182 | €600,182 | = | 0.0% |
| Non-recurring operating income | 76A | - | €442 | +€442 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,732 | €33,002 | +€271 | +0.8% |
| Other operating charges | 640/8 | €556 | €4,104 | +€3,548 | +638% |
| Gross operating margin | 9900 | €56,333 | €64,021 | +€7,688 | +13.6% |
| Operating profit (loss) | 9901 | €23,045 | €26,914 | +€3,869 | +16.8% |
| Financial income | 75/76B | €4 | €84 | +€80 | +1,896% |
| Recurring financial income | 75 | €4 | €84 | +€80 | +1,896% |
| Financial charges | 65/66B | €8,212 | €7,371 | -€841 | -10.2% |
| Recurring financial charges | 65 | €8,212 | €7,371 | -€841 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €14,838 | €19,627 | +€4,790 | +32.3% |
| Income taxes | 67/77 | €1,661 | €3,925 | +€2,263 | +136% |
| Profit (loss) for the period | 9904 | €13,177 | €15,703 | +€2,526 | +19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,177 | €15,703 | +€2,526 | +19.2% |
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 13 October 2026 via checked.be.