OSWOOD: 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.
OSWOOD
Largest movements
- Cash +€248,754
up €248,754 (+208%), from €119,709 to €368,463
mainly Net result for the year (+€134,973) and Current investments (+€131,065)
- Current investments -€131,065
down €131,065 (-72.9%), from €179,884 to €48,819
- Receivables within one year -€43,177
down €43,177 (-50.8%), from €84,930 to €41,753
of which Trade receivables: -€38,727
- Tangible fixed assets +€42,144
up €42,144 (+157%), from €26,835 to €68,979
of which Furniture and vehicles: +€47,620
- Reserves +€112,382
up €112,382 (+30.3%), from €371,133 to €483,515
- Tax, wage and social debts +€6,716
up €6,716 (+19.2%), from €35,067 to €41,784
- Financial income +€47,603
up €47,603 (+605%), from €7,873 to €55,476
- Taxes +€16,426
up €16,426 (+35.9%), from €45,703 to €62,129
- Gross operating margin +€12,398
up €12,398 (+8.2%), from €150,995 to €163,393
- Depreciation +€7,423
up €7,423 (+90.5%), from €8,203 to €15,626
- Other operating charges +€3,316
up €3,316 (+218%), from €1,518 to €4,834
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 | €415,895 | €531,346 | +€115,452 | +27.8% |
| Fixed assets | 21/28 | €26,835 | €68,979 | +€42,144 | +157% |
| Tangible fixed assets | 22/27 | €26,835 | €68,979 | +€42,144 | +157% |
| Plant, machinery and equipment | 23 | €21,888 | €16,412 | -€5,476 | -25.0% |
| Furniture and vehicles | 24 | €1,497 | €49,118 | +€47,620 | +3,180% |
| Other tangible fixed assets | 26 | €3,450 | €3,450 | = | 0.0% |
| Current assets | 29/58 | €389,059 | €462,367 | +€73,308 | +18.8% |
| Amounts receivable within one year | 40/41 | €84,930 | €41,753 | -€43,177 | -50.8% |
| Trade receivables | 40 | €79,771 | €41,044 | -€38,727 | -48.5% |
| Other amounts receivable | 41 | €5,159 | €709 | -€4,450 | -86.3% |
| Current investments | 50/53 | €179,884 | €48,819 | -€131,065 | -72.9% |
| Cash at bank and in hand | 54/58 | €119,709 | €368,463 | +€248,754 | +208% |
| Deferred charges and accrued income | 490/1 | €4,536 | €3,332 | -€1,204 | -26.6% |
| Total equity and liabilities | 10/49 | €415,895 | €531,346 | +€115,452 | +27.8% |
| Equity | 10/15 | €371,133 | €483,515 | +€112,382 | +30.3% |
| Reserves | 13 | €371,133 | €483,515 | +€112,382 | +30.3% |
| Distributable reserves | 133 | €371,133 | €483,515 | +€112,382 | +30.3% |
| Amounts payable | 17/49 | €44,761 | €47,831 | +€3,070 | +6.9% |
| Amounts payable within one year | 42/48 | €42,729 | €47,818 | +€5,088 | +11.9% |
| Trade debts | 44 | €7,662 | €5,348 | -€2,314 | -30.2% |
| Suppliers | 440/4 | €7,662 | €5,348 | -€2,314 | -30.2% |
| Taxes, remuneration and social security | 45 | €35,067 | €41,784 | +€6,716 | +19.2% |
| Taxes | 450/3 | €35,067 | €41,784 | +€6,716 | +19.2% |
| Other amounts payable | 47/48 | - | €686 | +€686 | |
| Accrued charges and deferred income | 492/3 | €2,032 | €14 | -€2,019 | -99.3% |
| Non-recurring operating income | 76A | - | €11,583 | +€11,583 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,203 | €15,626 | +€7,423 | +90.5% |
| Other operating charges | 640/8 | €1,518 | €4,834 | +€3,316 | +218% |
| Non-recurring operating charges | 66A | €298 | - | -€298 | |
| Gross operating margin | 9900 | €150,995 | €163,393 | +€12,398 | +8.2% |
| Operating profit (loss) | 9901 | €140,976 | €142,933 | +€1,958 | +1.4% |
| Financial income | 75/76B | €7,873 | €55,476 | +€47,603 | +605% |
| Recurring financial income | 75 | €7,873 | €55,476 | +€47,603 | +605% |
| Financial charges | 65/66B | €541 | €1,307 | +€767 | +142% |
| Recurring financial charges | 65 | €541 | €1,307 | +€767 | +142% |
| Profit (loss) for the period before taxes | 9903 | €148,309 | €197,103 | +€48,794 | +32.9% |
| Income taxes | 67/77 | €45,703 | €62,129 | +€16,426 | +35.9% |
| Profit (loss) for the period | 9904 | €102,605 | €134,973 | +€32,368 | +31.5% |
| Profit (loss) for the period to be appropriated | 9905 | €102,605 | €134,973 | +€32,368 | +31.5% |
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 14 October 2026 via checked.be.