OFWIGO: 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.
OFWIGO
Largest movements
- Receivables within one year +€7,756
up €7,756 (+94.3%), from €8,228 to €15,984
- Tangible fixed assets +€7,501
up €7,501 (+40.7%), from €18,409 to €25,910
of which Furniture and vehicles: +€11,335
- Deferred charges and accrued income +€1,636
up €1,636 (+258%), from €635 to €2,271
- Cash +€1,624
up €1,624 (+8.0%), from €20,209 to €21,832
mainly Net result for the year (+€18,562) and Tax, wage and social debts (+€10,147)
- Profit (loss) carried forward +€17,729
new in 2025: €17,729
- Other debts -€13,194
down €13,194 (-84.9%), from €15,537 to €2,343
- Tax, wage and social debts +€10,147
up €10,147 (+253%), from €4,012 to €14,159
- Trade debts +€3,835
up €3,835 (+523%), from €734 to €4,569
- Gross operating margin +€7,907
up €7,907 (+31.4%), from €25,186 to €33,093
- Taxes +€5,067
up €5,067 (+618%), from €820 to €5,888
- Depreciation +€4,827
up €4,827 (+393%), from €1,228 to €6,055
- Financial charges +€2,165
up €2,165 (+877%), from €247 to €2,412
- Other operating charges -€735
down €735 (-79.4%), from €925 to €190
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 | €47,481 | €65,997 | +€18,517 | +39.0% |
| Fixed assets | 21/28 | €18,409 | €25,910 | +€7,501 | +40.7% |
| Tangible fixed assets | 22/27 | €18,409 | €25,910 | +€7,501 | +40.7% |
| Plant, machinery and equipment | 23 | €17,757 | €13,923 | -€3,834 | -21.6% |
| Furniture and vehicles | 24 | €652 | €11,987 | +€11,335 | +1,738% |
| Current assets | 29/58 | €29,072 | €40,087 | +€11,016 | +37.9% |
| Amounts receivable within one year | 40/41 | €8,228 | €15,984 | +€7,756 | +94.3% |
| Trade receivables | 40 | €8,228 | €15,984 | +€7,756 | +94.3% |
| Cash at bank and in hand | 54/58 | €20,209 | €21,832 | +€1,624 | +8.0% |
| Deferred charges and accrued income | 490/1 | €635 | €2,271 | +€1,636 | +258% |
| Total equity and liabilities | 10/49 | €47,481 | €65,997 | +€18,517 | +39.0% |
| Equity | 10/15 | €27,198 | €44,927 | +€17,729 | +65.2% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €15,198 | €15,198 | = | 0.0% |
| Distributable reserves | 133 | €15,198 | €15,198 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €17,729 | +€17,729 | |
| Amounts payable | 17/49 | €20,283 | €21,070 | +€788 | +3.9% |
| Amounts payable within one year | 42/48 | €20,283 | €21,070 | +€788 | +3.9% |
| Trade debts | 44 | €734 | €4,569 | +€3,835 | +523% |
| Suppliers | 440/4 | €734 | €4,569 | +€3,835 | +523% |
| Taxes, remuneration and social security | 45 | €4,012 | €14,159 | +€10,147 | +253% |
| Taxes | 450/3 | €4,012 | €14,159 | +€10,147 | +253% |
| Other amounts payable | 47/48 | €15,537 | €2,343 | -€13,194 | -84.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,228 | €6,055 | +€4,827 | +393% |
| Other operating charges | 640/8 | €925 | €190 | -€735 | -79.4% |
| Gross operating margin | 9900 | €25,186 | €33,093 | +€7,907 | +31.4% |
| Operating profit (loss) | 9901 | €23,033 | €26,848 | +€3,815 | +16.6% |
| Financial income | 75/76B | - | €14 | +€14 | |
| Recurring financial income | 75 | - | €14 | +€14 | |
| Financial charges | 65/66B | €247 | €2,412 | +€2,165 | +877% |
| Recurring financial charges | 65 | €247 | €2,412 | +€2,165 | +877% |
| Profit (loss) for the period before taxes | 9903 | €22,786 | €24,450 | +€1,663 | +7.3% |
| Income taxes | 67/77 | €820 | €5,888 | +€5,067 | +618% |
| Profit (loss) for the period | 9904 | €21,966 | €18,562 | -€3,404 | -15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,966 | €18,562 | -€3,404 | -15.5% |
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 16 October 2026 via checked.be.