OSWALT: 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.
OSWALT
Largest movements
- Tangible fixed assets -€4,578
down €4,578 (-45.8%), from €9,991 to €5,413
of which Furniture and vehicles: -€3,675
- Cash -€3,677
down €3,677 (-8.2%), from €44,951 to €41,274
mainly Contributions, distributions and other (-€16,152) and Trade debts (-€7,331)
- Receivables within one year -€2,994
down €2,994 (-18.1%), from €16,567 to €13,573
of which Other amounts receivable: -€2,679
- Reserves -€7,890
down €7,890 (-48.8%), from €16,152 to €8,262
- Other debts +€7,400
up €7,400 (+31.6%), from €23,432 to €30,831
- Trade debts -€7,331
down €7,331 (-56.2%), from €13,053 to €5,723
- Debts after one year -€3,744
down €3,744 (-79.4%), from €4,712 to €969
- Gross operating margin +€1,565
up €1,565 (+10.0%), from €15,705 to €17,270
- Taxes +€402
up €402 (+17.3%), from €2,321 to €2,723
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 | €76,481 | €65,688 | -€10,793 | -14.1% |
| Fixed assets | 21/28 | €9,991 | €5,593 | -€4,397 | -44.0% |
| Tangible fixed assets | 22/27 | €9,991 | €5,413 | -€4,578 | -45.8% |
| Plant, machinery and equipment | 23 | €2,016 | €1,113 | -€903 | -44.8% |
| Furniture and vehicles | 24 | €7,974 | €4,299 | -€3,675 | -46.1% |
| Financial fixed assets | 28 | - | €181 | +€181 | |
| Current assets | 29/58 | €66,490 | €60,094 | -€6,396 | -9.6% |
| Stocks and contracts in progress | 3 | €4,524 | €4,614 | +€90 | +2.0% |
| Stocks | 30/36 | €4,524 | €4,614 | +€90 | +2.0% |
| Amounts receivable within one year | 40/41 | €16,567 | €13,573 | -€2,994 | -18.1% |
| Trade receivables | 40 | €13,887 | €13,573 | -€315 | -2.3% |
| Other amounts receivable | 41 | €2,679 | - | -€2,679 | |
| Cash at bank and in hand | 54/58 | €44,951 | €41,274 | -€3,677 | -8.2% |
| Deferred charges and accrued income | 490/1 | €448 | €633 | +€185 | +41.2% |
| Total equity and liabilities | 10/49 | €76,481 | €65,688 | -€10,793 | -14.1% |
| Equity | 10/15 | €19,152 | €11,262 | -€7,890 | -41.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €16,152 | €8,262 | -€7,890 | -48.8% |
| Distributable reserves | 133 | €16,152 | €8,262 | -€7,890 | -48.8% |
| Amounts payable | 17/49 | €57,328 | €54,425 | -€2,903 | -5.1% |
| Amounts payable after more than one year | 17 | €4,712 | €969 | -€3,744 | -79.4% |
| Financial debts | 170/4 | €4,712 | €969 | -€3,744 | -79.4% |
| Amounts payable within one year | 42/48 | €52,616 | €53,136 | +€520 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €3,542 | €3,744 | +€202 | +5.7% |
| Trade debts | 44 | €13,053 | €5,723 | -€7,331 | -56.2% |
| Suppliers | 440/4 | €13,053 | €5,723 | -€7,331 | -56.2% |
| Taxes, remuneration and social security | 45 | €12,589 | €12,838 | +€249 | +2.0% |
| Taxes | 450/3 | €12,589 | €11,073 | -€1,516 | -12.0% |
| Remuneration and social security | 454/9 | - | €1,765 | +€1,765 | |
| Other amounts payable | 47/48 | €23,432 | €30,831 | +€7,400 | +31.6% |
| Accrued charges and deferred income | 492/3 | - | €320 | +€320 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,637 | €4,578 | -€59 | -1.3% |
| Other operating charges | 640/8 | €931 | €811 | -€120 | -12.9% |
| Gross operating margin | 9900 | €15,705 | €17,270 | +€1,565 | +10.0% |
| Operating profit (loss) | 9901 | €10,136 | €11,881 | +€1,744 | +17.2% |
| Financial income | 75/76B | €167 | €4 | -€162 | -97.3% |
| Recurring financial income | 75 | €167 | €4 | -€162 | -97.3% |
| Financial charges | 65/66B | €792 | €900 | +€108 | +13.6% |
| Recurring financial charges | 65 | €792 | €900 | +€108 | +13.6% |
| Profit (loss) for the period before taxes | 9903 | €9,511 | €10,985 | +€1,474 | +15.5% |
| Income taxes | 67/77 | €2,321 | €2,723 | +€402 | +17.3% |
| Profit (loss) for the period | 9904 | €7,190 | €8,262 | +€1,072 | +14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,190 | €8,262 | +€1,072 | +14.9% |
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 3 October 2026 via checked.be.