OWL DELIVERY: 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 DELIVERY
Largest movements
- Cash +€20,166
up €20,166 (+55.5%), from €36,310 to €56,477
mainly Net result for the year (+€22,021) and Tax, wage and social debts (+€6,013)
- Receivables within one year +€14,801
up €14,801 (+181%), from €8,164 to €22,965
- Financial fixed assets +€1,900
new in 2025: €1,900
- Tangible fixed assets -€1,881
down €1,881 (-22.6%), from €8,307 to €6,426
of which Furniture and vehicles: -€1,405
- Deferred charges and accrued income +€1,653
new in 2025: €1,653
- Profit (loss) carried forward +€24,805
up €24,805 (+256%), from €9,693 to €34,498
- Tax, wage and social debts +€6,013
up €6,013 (+58.9%), from €10,203 to €16,215
- Other debts +€5,638
up €5,638 (+20.3%), from €27,707 to €33,345
- Gross operating margin +€16,317
up €16,317 (+99.1%), from €16,473 to €32,789
- Taxes +€2,519
up €2,519 (+62.7%), from €4,014 to €6,532
- Depreciation +€782
up €782 (+71.1%), from €1,100 to €1,881
- Other operating charges +€566
up €566 (+47.7%), from €1,185 to €1,750
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 | €52,781 | €89,420 | +€36,639 | +69.4% |
| Fixed assets | 21/28 | €8,307 | €8,326 | +€19 | +0.2% |
| Tangible fixed assets | 22/27 | €8,307 | €6,426 | -€1,881 | -22.6% |
| Land and buildings | 22 | €2,280 | €1,804 | -€476 | -20.9% |
| Furniture and vehicles | 24 | €6,027 | €4,622 | -€1,405 | -23.3% |
| Financial fixed assets | 28 | - | €1,900 | +€1,900 | |
| Current assets | 29/58 | €44,474 | €81,094 | +€36,620 | +82.3% |
| Amounts receivable within one year | 40/41 | €8,164 | €22,965 | +€14,801 | +181% |
| Trade receivables | 40 | €8,164 | €22,965 | +€14,801 | +181% |
| Cash at bank and in hand | 54/58 | €36,310 | €56,477 | +€20,166 | +55.5% |
| Deferred charges and accrued income | 490/1 | - | €1,653 | +€1,653 | |
| Total equity and liabilities | 10/49 | €52,781 | €89,420 | +€36,639 | +69.4% |
| Equity | 10/15 | €12,693 | €37,498 | +€24,805 | +195% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,693 | €34,498 | +€24,805 | +256% |
| Amounts payable | 17/49 | €40,088 | €51,922 | +€11,834 | +29.5% |
| Amounts payable within one year | 42/48 | €40,088 | €51,922 | +€11,834 | +29.5% |
| Trade debts | 44 | €2,178 | €2,361 | +€183 | +8.4% |
| Suppliers | 440/4 | €2,178 | €2,361 | +€183 | +8.4% |
| Taxes, remuneration and social security | 45 | €10,203 | €16,215 | +€6,013 | +58.9% |
| Taxes | 450/3 | €10,203 | €16,215 | +€6,013 | +58.9% |
| Other amounts payable | 47/48 | €27,707 | €33,345 | +€5,638 | +20.3% |
| Remuneration, social security and pensions | 62 | €438 | €390 | -€48 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,100 | €1,881 | +€782 | +71.1% |
| Other operating charges | 640/8 | €1,185 | €1,750 | +€566 | +47.7% |
| Gross operating margin | 9900 | €16,473 | €32,789 | +€16,317 | +99.1% |
| Operating profit (loss) | 9901 | €13,751 | €28,768 | +€15,017 | +109% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €44 | €214 | +€170 | +388% |
| Recurring financial charges | 65 | €44 | €214 | +€170 | +388% |
| Profit (loss) for the period before taxes | 9903 | €13,707 | €28,553 | +€14,847 | +108% |
| Income taxes | 67/77 | €4,014 | €6,532 | +€2,519 | +62.7% |
| Profit (loss) for the period | 9904 | €9,693 | €22,021 | +€12,328 | +127% |
| Profit (loss) for the period to be appropriated | 9905 | €9,693 | €22,021 | +€12,328 | +127% |
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 15 October 2026 via checked.be.