OGW: what changed
Two fiscal 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.
OGW
Largest movements
- Receivables within one year -€1.9m
down €1.9m (-99.5%), from €1.9m to €9,781
- Profit (loss) carried forward -€2.0m
down €2.0m (-1509.2%), from -€134,279 to -€2.2m
- Provisions +€197,958
up €197,958 (+6.2%), from €3.2m to €3.4m
- Other debts -€110,653
down €110,653 (-59.3%), from €186,613 to €75,960
- Financial charges +€2.0m
up €2.0m (+990.8%), from €202,606 to €2.2m
of which Financial charges: +€2.0m
- Gross operating margin +€16,737
up €16,737 (+55.2%), from -€30,346 to -€13,609
- Other operating charges +€2,088
up €2,088 (+72.4%), from €2,886 to €4,974
- Financial income +€1,731
up €1,731 (+0.8%), from €229,458 to €231,190
of which Non-recurring financial income: +€1,763
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.
Cash bridge derived
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 | €6,457,591 | €4,520,278 | -€1.9m | -30.0% |
| Fixed assets | 21/28 | €4,104,452 | €4,075,297 | -€29,154 | -0.7% |
| Tangible fixed assets | 22/27 | €3,972,952 | €3,943,797 | -€29,154 | -0.7% |
| Land and buildings | 22 | €3,432,952 | €3,403,797 | -€29,154 | -0.8% |
| Other tangible fixed assets | 26 | €540,000 | €540,000 | = | 0.0% |
| Financial fixed assets | 28 | €131,500 | €131,500 | = | 0.0% |
| Current assets | 29/58 | €2,353,140 | €444,980 | -€1.9m | -81.1% |
| Stocks and contracts in progress | 3 | €425,604 | €427,057 | +€1,453 | +0.3% |
| Stocks | 30/36 | €425,604 | €427,057 | +€1,453 | +0.3% |
| Amounts receivable within one year | 40/41 | €1,884,727 | €9,781 | -€1.9m | -99.5% |
| Other amounts receivable | 41 | €1,884,727 | €9,781 | -€1.9m | -99.5% |
| Cash at bank and in hand | 54/58 | €42,808 | €8,143 | -€34,665 | -81.0% |
| Total equity and liabilities | 10/49 | €6,457,591 | €4,520,278 | -€1.9m | -30.0% |
| Equity | 10/15 | €3,052,521 | €1,026,001 | -€2.0m | -66.4% |
| Contributions | 10/11 | €3,130,800 | €3,130,800 | = | 0.0% |
| Reserves | 13 | €56,000 | €56,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €56,000 | €56,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €56,000 | €56,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€134,279 | -€2,160,799 | -€2.0m | -1509.2% |
| Provisions and deferred taxes | 16 | €3,218,443 | €3,416,401 | +€197,958 | +6.2% |
| Provisions for liabilities and charges | 160/5 | €3,218,443 | €3,416,401 | +€197,958 | +6.2% |
| Other liabilities and charges | 164/5 | €3,218,443 | €3,416,401 | +€197,958 | +6.2% |
| Amounts payable | 17/49 | €186,628 | €77,875 | -€108,752 | -58.3% |
| Amounts payable within one year | 42/48 | €186,628 | €77,786 | -€108,841 | -58.3% |
| Trade debts | 44 | €15 | €1,826 | +€1,812 | +12341.3% |
| Suppliers | 440/4 | €15 | €1,826 | +€1,812 | +12341.3% |
| Other amounts payable | 47/48 | €186,613 | €75,960 | -€110,653 | -59.3% |
| Accrued charges and deferred income | 492/3 | - | €89 | +€89 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,154 | €29,154 | +€0 | 0.0% |
| Other operating charges | 640/8 | €2,886 | €4,974 | +€2,088 | +72.4% |
| Gross operating margin | 9900 | -€30,346 | -€13,609 | +€16,737 | +55.2% |
| Operating profit (loss) | 9901 | -€62,386 | -€47,737 | +€14,649 | +23.5% |
| Financial income | 75/76B | €229,458 | €231,190 | +€1,731 | +0.8% |
| Recurring financial income | 75 | €220,853 | €220,822 | -€31 | 0.0% |
| Non-recurring financial income | 76B | €8,605 | €10,368 | +€1,763 | +20.5% |
| Financial charges | 65/66B | €202,606 | €2,209,972 | +€2.0m | +990.8% |
| Recurring financial charges | 65 | €197,739 | €2,203,764 | +€2.0m | +1014.5% |
| Non-recurring financial charges | 66B | €4,866 | €6,208 | +€1,341 | +27.6% |
| Profit (loss) for the period before taxes | 9903 | -€35,533 | -€2,026,519 | -€2.0m | -5603.2% |
| Profit (loss) for the period | 9904 | -€35,533 | -€2,026,519 | -€2.0m | -5603.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,533 | -€2,026,519 | -€2.0m | -5603.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.