OSTWAY: 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.
OSTWAY
Largest movements
- Receivables within one year -€15,701
down €15,701 (-15.5%), from €101,018 to €85,317
of which Trade receivables: -€10,210
- Cash -€13,394
down €13,394 (-36.9%), from €36,334 to €22,939
mainly Net result for the year (-€53,718) and Investment in fixed assets (net) (-€8,425)
- Tangible fixed assets -€5,899
down €5,899 (-20.6%), from €28,625 to €22,726
of which Leasing and similar rights: -€6,624
- Deferred charges and accrued income +€4,887
up €4,887 (+5,131%), from €95 to €4,982
- Profit (loss) carried forward -€53,718
down €53,718 (-83.5%), from €64,331 to €10,612
- Tax, wage and social debts +€19,259
up €19,259 (+46.7%), from €41,198 to €60,457
of which Remuneration and social security: +€11,011
- Trade debts +€17,309
up €17,309 (+57.4%), from €30,159 to €47,468
- Current portion of long-term debt -€4,140
down €4,140 (-45.9%), from €9,027 to €4,887
- Debts after one year -€4,140
no longer reported in 2025 (was €4,140)
- Staff costs +€132,118
up €132,118 (+25.1%), from €527,255 to €659,372
- Gross operating margin +€49,036
up €49,036 (+8.1%), from €606,395 to €655,431
- Other operating charges -€18,840
down €18,840 (-37.2%), from €50,621 to €31,781
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 | €185,917 | €157,310 | -€28,608 | -15.4% |
| Fixed assets | 21/28 | €48,470 | €44,071 | -€4,399 | -9.1% |
| Tangible fixed assets | 22/27 | €28,625 | €22,726 | -€5,899 | -20.6% |
| Plant, machinery and equipment | 23 | €1,814 | €1,148 | -€667 | -36.7% |
| Furniture and vehicles | 24 | €1,295 | €5,769 | +€4,474 | +345% |
| Leasing and similar rights | 25 | €15,732 | €9,108 | -€6,624 | -42.1% |
| Other tangible fixed assets | 26 | €9,784 | €6,702 | -€3,082 | -31.5% |
| Financial fixed assets | 28 | €19,845 | €21,345 | +€1,500 | +7.6% |
| Current assets | 29/58 | €137,447 | €113,239 | -€24,208 | -17.6% |
| Amounts receivable within one year | 40/41 | €101,018 | €85,317 | -€15,701 | -15.5% |
| Trade receivables | 40 | €92,227 | €82,017 | -€10,210 | -11.1% |
| Other amounts receivable | 41 | €8,791 | €3,300 | -€5,491 | -62.5% |
| Cash at bank and in hand | 54/58 | €36,334 | €22,939 | -€13,394 | -36.9% |
| Deferred charges and accrued income | 490/1 | €95 | €4,982 | +€4,887 | +5,131% |
| Total equity and liabilities | 10/49 | €185,917 | €157,310 | -€28,608 | -15.4% |
| Equity | 10/15 | €82,931 | €29,212 | -€53,718 | -64.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,331 | €10,612 | -€53,718 | -83.5% |
| Amounts payable | 17/49 | €102,987 | €128,097 | +€25,111 | +24.4% |
| Amounts payable after more than one year | 17 | €4,140 | - | -€4,140 | |
| Financial debts | 170/4 | €4,140 | - | -€4,140 | |
| Amounts payable within one year | 42/48 | €98,847 | €128,097 | +€29,250 | +29.6% |
| Current portion of amounts payable after more than one year | 42 | €9,027 | €4,887 | -€4,140 | -45.9% |
| Trade debts | 44 | €30,159 | €47,468 | +€17,309 | +57.4% |
| Suppliers | 440/4 | €30,159 | €47,468 | +€17,309 | +57.4% |
| Taxes, remuneration and social security | 45 | €41,198 | €60,457 | +€19,259 | +46.7% |
| Taxes | 450/3 | €12,555 | €20,803 | +€8,248 | +65.7% |
| Remuneration and social security | 454/9 | €28,643 | €39,654 | +€11,011 | +38.4% |
| Other amounts payable | 47/48 | €18,463 | €15,286 | -€3,177 | -17.2% |
| Remuneration, social security and pensions | 62 | €527,255 | €659,372 | +€132,118 | +25.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,903 | €12,824 | +€921 | +7.7% |
| Other operating charges | 640/8 | €50,621 | €31,781 | -€18,840 | -37.2% |
| Gross operating margin | 9900 | €606,395 | €655,431 | +€49,036 | +8.1% |
| Operating profit (loss) | 9901 | €16,616 | -€48,546 | -€65,162 | |
| Financial charges | 65/66B | €1,998 | €1,989 | -€9 | -0.4% |
| Recurring financial charges | 65 | €1,998 | €1,989 | -€9 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €14,618 | -€50,535 | -€65,153 | |
| Income taxes | 67/77 | €9,273 | €3,183 | -€6,090 | -65.7% |
| Profit (loss) for the period | 9904 | €5,345 | -€53,718 | -€59,063 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,345 | -€53,718 | -€59,063 |
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 14 October 2026 via checked.be.