OSWALD 180: 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.
What changed
OSWALD 180
NACE 46.150, Agents in the wholesale of furniture, household goods and hardware
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€5,660
2024 · -€31,435+€25,775
Equity
€698,313
2024 · €707,547-€9,234
Cash
€211,660
2024 · €226,921-€15,260
Balance sheet total
€1.4m
2024 · €1.6m-€175,261
Largest movements
Assets
- Tangible fixed assets -€149,623
down €149,623 (-11.6%), from €1.3m to €1.1m
of which Land and buildings: -€78,657
Equity and liabilities
- Debts after one year -€85,335
down €85,335 (-26.1%), from €326,372 to €241,037
- Other debts -€69,414
down €69,414 (-29.6%), from €234,194 to €164,779
- Current portion of long-term debt +€31,862
up €31,862 (+37.3%), from €85,335 to €117,197
- Trade debts -€26,385
down €26,385 (-88.4%), from €29,859 to €3,473
- Tax, wage and social debts -€22,572
down €22,572 (-80.4%), from €28,069 to €5,497
Income statement
- Gross operating margin +€24,027
up €24,027 (+31.4%), from €76,521 to €100,547
- Depreciation -€9,667
down €9,667 (-10.6%), from €90,985 to €81,318
- Staff costs +€8,667
up €8,667 (+3,160%), from €274 to €8,941
- Financial charges -€3,546
down €3,546 (-20.7%), from €17,094 to €13,548
of which Financial charges: -€3,749
- Financial income -€2,102
down €2,102 (-37.0%), from €5,686 to €3,583
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.
Result 2024
-€31,435
Gross operating margin
+€24,027
Staff costs
-€8,667
Depreciation
+€9,667
Other operating charges
-€701
Other operating items
+€6
Financial income
-€2,102
Financial charges
+€3,546
Result 2025
-€5,660
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€26,519
Investment
+€68,305
Financing
-€57,047
Cash 2024
€226,921
From operations (derived)
-€26,519
Net result for the year
-€5,660
Depreciation
+€81,318
Receivables within one year
+€10,353
Deferred charges and accrued income
+€25
Provisions
-€1,629
Trade debts
-€26,385
Tax, wage and social debts
-€22,572
Other debts
-€69,414
Accrued charges and deferred income
+€7,446
Investment (derived)
+€68,305
Investment in fixed assets (net)
+€68,305
Financing
-€57,047
Debts after one year
-€85,335
Current portion of long-term debt
+€31,862
Contributions, distributions and other
-€3,574
Cash 2025
€211,660
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,553,990 | €1,378,728 | -€175,261 | -11.3% |
| Fixed assets | 21/28 | €1,291,399 | €1,141,776 | -€149,623 | -11.6% |
| Tangible fixed assets | 22/27 | €1,291,324 | €1,141,701 | -€149,623 | -11.6% |
| Land and buildings | 22 | €1,174,891 | €1,096,234 | -€78,657 | -6.7% |
| Plant, machinery and equipment | 23 | €24,524 | €21,873 | -€2,651 | -10.8% |
| Furniture and vehicles | 24 | €91,909 | €23,595 | -€68,314 | -74.3% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €262,590 | €236,952 | -€25,638 | -9.8% |
| Amounts receivable within one year | 40/41 | €34,470 | €24,118 | -€10,353 | -30.0% |
| Trade receivables | 40 | €3,264 | €9,384 | +€6,120 | +187% |
| Other amounts receivable | 41 | €31,206 | €14,734 | -€16,473 | -52.8% |
| Cash at bank and in hand | 54/58 | €226,921 | €211,660 | -€15,260 | -6.7% |
| Deferred charges and accrued income | 490/1 | €1,199 | €1,174 | -€25 | -2.1% |
| Total equity and liabilities | 10/49 | €1,553,990 | €1,378,728 | -€175,261 | -11.3% |
| Equity | 10/15 | €707,547 | €698,313 | -€9,234 | -1.3% |
| Contributions | 10/11 | €9,858 | €9,858 | = | 0.0% |
| Capital | 10 | €9,858 | €9,858 | = | 0.0% |
| Issued capital | 100 | €18,337 | €18,337 | = | 0.0% |
| Uncalled capital | 101 | €8,478 | €8,478 | = | 0.0% |
| Reserves | 13 | €652,006 | €652,006 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,834 | €1,834 | = | 0.0% |
| Legal reserve | 130 | €1,834 | €1,834 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,190 | €16,190 | = | 0.0% |
| Distributable reserves | 133 | €633,982 | €633,982 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,271 | -€44,931 | -€5,660 | -14.4% |
| Investment grants | 15 | €84,954 | €81,380 | -€3,574 | -4.2% |
| Provisions and deferred taxes | 16 | €109,532 | €107,903 | -€1,629 | -1.5% |
| Provisions for liabilities and charges | 160/5 | €65,935 | €65,935 | = | 0.0% |
| Pensions and similar obligations | 160 | €65,935 | €65,935 | = | 0.0% |
| Deferred taxes | 168 | €43,597 | €41,968 | -€1,629 | -3.7% |
| Amounts payable | 17/49 | €736,910 | €572,512 | -€164,398 | -22.3% |
| Amounts payable after more than one year | 17 | €326,372 | €241,037 | -€85,335 | -26.1% |
| Financial debts | 170/4 | €326,372 | €241,037 | -€85,335 | -26.1% |
| Amounts payable within one year | 42/48 | €377,456 | €290,947 | -€86,509 | -22.9% |
| Current portion of amounts payable after more than one year | 42 | €85,335 | €117,197 | +€31,862 | +37.3% |
| Trade debts | 44 | €29,859 | €3,473 | -€26,385 | -88.4% |
| Suppliers | 440/4 | €29,859 | €3,473 | -€26,385 | -88.4% |
| Taxes, remuneration and social security | 45 | €28,069 | €5,497 | -€22,572 | -80.4% |
| Taxes | 450/3 | €28,069 | €5,497 | -€22,572 | -80.4% |
| Other amounts payable | 47/48 | €234,194 | €164,779 | -€69,414 | -29.6% |
| Accrued charges and deferred income | 492/3 | €33,082 | €40,528 | +€7,446 | +22.5% |
| Remuneration, social security and pensions | 62 | €274 | €8,941 | +€8,667 | +3,160% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,985 | €81,318 | -€9,667 | -10.6% |
| Other operating charges | 640/8 | €6,917 | €7,619 | +€701 | +10.1% |
| Non-recurring operating charges | 66A | - | -€6 | -€6 | |
| Gross operating margin | 9900 | €76,521 | €100,547 | +€24,027 | +31.4% |
| Operating profit (loss) | 9901 | -€21,655 | €2,676 | +€24,332 | |
| Financial income | 75/76B | €5,686 | €3,583 | -€2,102 | -37.0% |
| Recurring financial income | 75 | €5,686 | €3,583 | -€2,102 | -37.0% |
| Financial charges | 65/66B | €17,094 | €13,548 | -€3,546 | -20.7% |
| Recurring financial charges | 65 | €17,094 | €13,345 | -€3,749 | -21.9% |
| Non-recurring financial charges | 66B | - | €204 | +€204 | |
| Profit (loss) for the period before taxes | 9903 | -€33,064 | -€7,289 | +€25,775 | +78.0% |
| Transfer from deferred taxes | 780 | €1,629 | €1,629 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€31,435 | -€5,660 | +€25,775 | +82.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,435 | -€5,660 | +€25,775 | +82.0% |
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.