Owenco: 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.
Owenco
Largest movements
- Receivables within one year +€613,496
up €613,496 (+507%), from €121,000 to €734,496
of which Trade receivables: +€565,398
- Current investments +€100,000
up €100,000 (+50.0%), from €200,000 to €300,000
- Cash +€72,214
up €72,214 (+313%), from €23,088 to €95,302
mainly Net result for the year (+€776,391) and Other debts (+€647,710)
- Tangible fixed assets -€13,749
down €13,749 (-25.0%), from €54,926 to €41,177
of which Leasing and similar rights: -€10,965
- Other debts +€647,710
up €647,710 (+269%), from €240,369 to €888,079
- Reserves +€91,391
up €91,391 (+107%), from €85,708 to €177,099
- Tax, wage and social debts +€41,461
up €41,461 (+155%), from €26,817 to €68,278
- Gross operating margin +€667,534
up €667,534 (+177%), from €376,901 to €1.0m
- Taxes +€166,477
up €166,477 (+192%), from €86,684 to €253,161
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 | €401,910 | €1,172,992 | +€771,082 | +192% |
| Fixed assets | 21/28 | €54,926 | €41,177 | -€13,749 | -25.0% |
| Tangible fixed assets | 22/27 | €54,926 | €41,177 | -€13,749 | -25.0% |
| Furniture and vehicles | 24 | €4,491 | €2,815 | -€1,676 | -37.3% |
| Leasing and similar rights | 25 | €42,178 | €31,213 | -€10,965 | -26.0% |
| Other tangible fixed assets | 26 | €8,257 | €7,149 | -€1,108 | -13.4% |
| Current assets | 29/58 | €346,984 | €1,131,815 | +€784,831 | +226% |
| Amounts receivable within one year | 40/41 | €121,000 | €734,496 | +€613,496 | +507% |
| Trade receivables | 40 | €121,000 | €686,398 | +€565,398 | +467% |
| Other amounts receivable | 41 | - | €48,098 | +€48,098 | |
| Current investments | 50/53 | €200,000 | €300,000 | +€100,000 | +50.0% |
| Cash at bank and in hand | 54/58 | €23,088 | €95,302 | +€72,214 | +313% |
| Deferred charges and accrued income | 490/1 | €2,896 | €2,017 | -€879 | -30.4% |
| Total equity and liabilities | 10/49 | €401,910 | €1,172,992 | +€771,082 | +192% |
| Equity | 10/15 | €87,208 | €178,599 | +€91,391 | +105% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €85,708 | €177,099 | +€91,391 | +107% |
| Distributable reserves | 133 | €85,708 | €177,099 | +€91,391 | +107% |
| Amounts payable | 17/49 | €314,702 | €994,393 | +€679,691 | +216% |
| Amounts payable after more than one year | 17 | €32,279 | €21,263 | -€11,017 | -34.1% |
| Financial debts | 170/4 | €32,279 | €21,263 | -€11,017 | -34.1% |
| Amounts payable within one year | 42/48 | €282,423 | €973,130 | +€690,708 | +245% |
| Current portion of amounts payable after more than one year | 42 | €10,625 | €11,017 | +€391 | +3.7% |
| Trade debts | 44 | €4,611 | €5,756 | +€1,145 | +24.8% |
| Suppliers | 440/4 | €4,611 | €5,756 | +€1,145 | +24.8% |
| Taxes, remuneration and social security | 45 | €26,817 | €68,278 | +€41,461 | +155% |
| Taxes | 450/3 | €26,817 | €68,278 | +€41,461 | +155% |
| Other amounts payable | 47/48 | €240,369 | €888,079 | +€647,710 | +269% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,860 | €13,749 | +€889 | +6.9% |
| Other operating charges | 640/8 | €2,771 | €2,483 | -€288 | -10.4% |
| Non-recurring operating charges | 66A | €1,059 | - | -€1,059 | |
| Gross operating margin | 9900 | €376,901 | €1,044,435 | +€667,534 | +177% |
| Operating profit (loss) | 9901 | €360,211 | €1,028,202 | +€667,992 | +185% |
| Financial income | 75/76B | €5,270 | €3,785 | -€1,485 | -28.2% |
| Recurring financial income | 75 | €5,270 | €3,785 | -€1,485 | -28.2% |
| Financial charges | 65/66B | €2,509 | €2,435 | -€74 | -2.9% |
| Recurring financial charges | 65 | €2,509 | €2,435 | -€74 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €362,972 | €1,029,552 | +€666,580 | +184% |
| Income taxes | 67/77 | €86,684 | €253,161 | +€166,477 | +192% |
| Profit (loss) for the period | 9904 | €276,288 | €776,391 | +€500,103 | +181% |
| Profit (loss) for the period to be appropriated | 9905 | €276,288 | €776,391 | +€500,103 | +181% |
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.