OWLTHINK: 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.
OWLTHINK
Largest movements
- Receivables within one year +€141,206
up €141,206 (+194.4%), from €72,623 to €213,829
of which Trade receivables: +€134,061
- Receivables after one year +€15,000
new in 2025: €15,000
- Tangible fixed assets -€8,847
down €8,847 (-51.5%), from €17,163 to €8,316
of which Plant, machinery and equipment: -€5,082
- Trade debts +€108,396
up €108,396 (+77.6%), from €139,754 to €248,149
- Reserves +€25,000
new in 2025: €25,000
- Contributions +€12,400
up €12,400 (+200.0%), from €6,200 to €18,600
- Other debts +€10,653
up €10,653 (+3496.8%), from €305 to €10,958
- Tax, wage and social debts -€7,887
down €7,887 (-58.7%), from €13,437 to €5,550
- Gross operating margin +€92,817
up €92,817 (+477.9%), from €19,420 to €112,237
- Taxes +€18,454
up €18,454 (+6194.5%), from €298 to €18,752
- Depreciation +€3,647
up €3,647 (+74.0%), from €4,927 to €8,575
- Financial charges -€2,540
down €2,540 (-44.1%), from €5,764 to €3,224
of which Financial charges: -€2,261
- Other operating charges -€1,198
down €1,198 (-47.4%), from €2,528 to €1,331
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 | €186,017 | €332,394 | +€146,377 | +78.7% |
| Fixed assets | 21/28 | €20,463 | €11,616 | -€8,847 | -43.2% |
| Tangible fixed assets | 22/27 | €17,163 | €8,316 | -€8,847 | -51.5% |
| Plant, machinery and equipment | 23 | €10,000 | €4,918 | -€5,082 | -50.8% |
| Furniture and vehicles | 24 | €7,163 | €3,398 | -€3,765 | -52.6% |
| Financial fixed assets | 28 | €3,300 | €3,300 | = | 0.0% |
| Current assets | 29/58 | €165,554 | €320,779 | +€155,224 | +93.8% |
| Amounts receivable after more than one year | 29 | - | €15,000 | +€15,000 | |
| Other amounts receivable | 291 | - | €15,000 | +€15,000 | |
| Amounts receivable within one year | 40/41 | €72,623 | €213,829 | +€141,206 | +194.4% |
| Trade receivables | 40 | €72,370 | €206,431 | +€134,061 | +185.2% |
| Other amounts receivable | 41 | €252 | €7,398 | +€7,145 | +2830.3% |
| Cash at bank and in hand | 54/58 | €91,725 | €90,735 | -€990 | -1.1% |
| Deferred charges and accrued income | 490/1 | €1,206 | €1,215 | +€9 | +0.7% |
| Total equity and liabilities | 10/49 | €186,017 | €332,394 | +€146,377 | +78.7% |
| Equity | 10/15 | €9,860 | €49,474 | +€39,614 | +401.8% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200.0% |
| Reserves | 13 | - | €25,000 | +€25,000 | |
| Distributable reserves | 133 | - | €25,000 | +€25,000 | |
| Profit (loss) carried forward | 14 | €3,660 | €5,874 | +€2,214 | +60.5% |
| Amounts payable | 17/49 | €176,157 | €282,921 | +€106,764 | +60.6% |
| Amounts payable after more than one year | 17 | €15,107 | €10,500 | -€4,607 | -30.5% |
| Financial debts | 170/4 | €4,607 | - | -€4,607 | |
| Other amounts payable | 178/9 | €10,500 | €10,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €158,495 | €269,388 | +€110,892 | +70.0% |
| Current portion of amounts payable after more than one year | 42 | €5,000 | €4,730 | -€270 | -5.4% |
| Trade debts | 44 | €139,754 | €248,149 | +€108,396 | +77.6% |
| Suppliers | 440/4 | €139,754 | €248,149 | +€108,396 | +77.6% |
| Taxes, remuneration and social security | 45 | €13,437 | €5,550 | -€7,887 | -58.7% |
| Taxes | 450/3 | €13,437 | €5,550 | -€7,887 | -58.7% |
| Other amounts payable | 47/48 | €305 | €10,958 | +€10,653 | +3496.8% |
| Accrued charges and deferred income | 492/3 | €2,555 | €3,033 | +€478 | +18.7% |
| Non-recurring operating income | 76A | €0 | €0 | +€0 | +542.9% |
| Remuneration, social security and pensions | 62 | €121 | - | -€121 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,927 | €8,575 | +€3,647 | +74.0% |
| Other operating charges | 640/8 | €2,528 | €1,331 | -€1,198 | -47.4% |
| Non-recurring operating charges | 66A | €2,213 | €189 | -€2,024 | -91.4% |
| Gross operating margin | 9900 | €19,420 | €112,237 | +€92,817 | +477.9% |
| Operating profit (loss) | 9901 | €9,630 | €102,143 | +€92,513 | +960.7% |
| Financial income | 75/76B | €31 | €5 | -€26 | -83.6% |
| Recurring financial income | 75 | €31 | €5 | -€26 | -83.6% |
| Financial charges | 65/66B | €5,764 | €3,224 | -€2,540 | -44.1% |
| Recurring financial charges | 65 | €5,212 | €2,951 | -€2,261 | -43.4% |
| Non-recurring financial charges | 66B | €552 | €274 | -€279 | -50.5% |
| Profit (loss) for the period before taxes | 9903 | €3,896 | €98,924 | +€95,027 | +2438.8% |
| Income taxes | 67/77 | €298 | €18,752 | +€18,454 | +6194.5% |
| Profit (loss) for the period | 9904 | €3,599 | €80,172 | +€76,573 | +2127.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,599 | €80,172 | +€76,573 | +2127.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.