Owl Construct: 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.
Owl Construct
Largest movements
- Receivables within one year +€125,305
up €125,305 (+275.4%), from €45,502 to €170,808
of which Other amounts receivable: +€133,176
- Cash -€9,358
down €9,358 (-50.3%), from €18,618 to €9,259
mainly Receivables within one year (-€125,305) and Contributions, distributions and other (-€90,000)
- Tangible fixed assets -€2,568
down €2,568 (-60.3%), from €4,258 to €1,689
- Other debts +€80,000
up €80,000 (+800.0%), from €10,000 to €90,000
- Tax, wage and social debts +€18,000
up €18,000 (+50.0%), from €36,000 to €54,000
- Trade debts +€12,987
up €12,987 (+75.0%), from €17,312 to €30,298
- Profit (loss) carried forward +€2,392
up €2,392 (+3633.0%), from €66 to €2,458
- Gross operating margin -€13,843
down €13,843 (-9.6%), from €143,994 to €130,152
- Taxes -€3,000
down €3,000 (-8.3%), from €36,000 to €33,000
- Other operating charges +€1,800
up €1,800 (+180.1%), from €999 to €2,800
- Financial income +€1,512
up €1,512 (+657382.6%), from €0 to €1,512
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 | €68,377 | €181,756 | +€113,379 | +165.8% |
| Fixed assets | 21/28 | €4,258 | €1,689 | -€2,568 | -60.3% |
| Tangible fixed assets | 22/27 | €4,258 | €1,689 | -€2,568 | -60.3% |
| Plant, machinery and equipment | 23 | €4,258 | €1,689 | -€2,568 | -60.3% |
| Current assets | 29/58 | €64,120 | €180,067 | +€115,947 | +180.8% |
| Amounts receivable within one year | 40/41 | €45,502 | €170,808 | +€125,305 | +275.4% |
| Trade receivables | 40 | €31,548 | €23,677 | -€7,871 | -24.9% |
| Other amounts receivable | 41 | €13,954 | €147,131 | +€133,176 | +954.4% |
| Cash at bank and in hand | 54/58 | €18,618 | €9,259 | -€9,358 | -50.3% |
| Total equity and liabilities | 10/49 | €68,377 | €181,756 | +€113,379 | +165.8% |
| Equity | 10/15 | €5,066 | €7,458 | +€2,392 | +47.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66 | €2,458 | +€2,392 | +3633.0% |
| Amounts payable | 17/49 | €63,312 | €174,298 | +€110,987 | +175.3% |
| Amounts payable within one year | 42/48 | €63,312 | €174,298 | +€110,987 | +175.3% |
| Trade debts | 44 | €17,312 | €30,298 | +€12,987 | +75.0% |
| Suppliers | 440/4 | €17,312 | €30,298 | +€12,987 | +75.0% |
| Taxes, remuneration and social security | 45 | €36,000 | €54,000 | +€18,000 | +50.0% |
| Taxes | 450/3 | €36,000 | €54,000 | +€18,000 | +50.0% |
| Other amounts payable | 47/48 | €10,000 | €90,000 | +€80,000 | +800.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,565 | €2,568 | -€997 | -28.0% |
| Other operating charges | 640/8 | €999 | €2,800 | +€1,800 | +180.1% |
| Gross operating margin | 9900 | €143,994 | €130,152 | -€13,843 | -9.6% |
| Operating profit (loss) | 9901 | €139,430 | €124,784 | -€14,646 | -10.5% |
| Financial income | 75/76B | €0 | €1,512 | +€1,512 | +657382.6% |
| Recurring financial income | 75 | €0 | €1,512 | +€1,512 | +657382.6% |
| Financial charges | 65/66B | €277 | €904 | +€627 | +226.6% |
| Recurring financial charges | 65 | €277 | €904 | +€627 | +226.6% |
| Profit (loss) for the period before taxes | 9903 | €139,153 | €125,392 | -€13,761 | -9.9% |
| Income taxes | 67/77 | €36,000 | €33,000 | -€3,000 | -8.3% |
| Profit (loss) for the period | 9904 | €103,153 | €92,392 | -€10,761 | -10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €103,153 | €92,392 | -€10,761 | -10.4% |
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 10 October 2026 via checked.be.