OCURAD: 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.
OCURAD
Largest movements
- Cash +€266,129
up €266,129 (+108.9%), from €244,486 to €510,615
mainly Net result for the year (+€581,579) and Depreciation (+€136,729)
- Intangible fixed assets -€118,400
down €118,400 (-16.7%), from €710,400 to €592,000
- Receivables within one year -€113,592
down €113,592 (-76.5%), from €148,511 to €34,919
- Deferred charges and accrued income -€40,110
down €40,110 (-12.7%), from €316,036 to €275,926
- Tangible fixed assets -€18,329
down €18,329 (-30.8%), from €59,460 to €41,131
of which Furniture and vehicles: -€17,302
- Reserves -€750,372
down €750,372 (-99.8%), from €752,232 to €1,860
of which Distributable reserves: -€750,372
- Profit (loss) carried forward +€581,579
new in 2025: €581,579
- Other debts +€104,241
up €104,241 (+18.1%), from €577,276 to €681,517
- Tax, wage and social debts +€75,590
up €75,590 (+178.4%), from €42,366 to €117,956
- Accrued charges and deferred income -€20,010
down €20,010 (-67.6%), from €29,603 to €9,593
- Gross operating margin -€58,085
down €58,085 (-5.9%), from €982,867 to €924,782
- Financial charges -€20,829
down €20,829 (-64.0%), from €32,536 to €11,707
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 | €1,479,138 | €1,454,836 | -€24,302 | -1.6% |
| Fixed assets | 21/28 | €770,105 | €633,376 | -€136,729 | -17.8% |
| Intangible fixed assets | 21 | €710,400 | €592,000 | -€118,400 | -16.7% |
| Tangible fixed assets | 22/27 | €59,460 | €41,131 | -€18,329 | -30.8% |
| Land and buildings | 22 | €2,659 | €1,994 | -€665 | -25.0% |
| Plant, machinery and equipment | 23 | €1,081 | €719 | -€362 | -33.5% |
| Furniture and vehicles | 24 | €55,720 | €38,418 | -€17,302 | -31.1% |
| Financial fixed assets | 28 | €245 | €245 | = | 0.0% |
| Current assets | 29/58 | €709,033 | €821,460 | +€112,427 | +15.9% |
| Amounts receivable within one year | 40/41 | €148,511 | €34,919 | -€113,592 | -76.5% |
| Other amounts receivable | 41 | €148,511 | €34,919 | -€113,592 | -76.5% |
| Cash at bank and in hand | 54/58 | €244,486 | €510,615 | +€266,129 | +108.9% |
| Deferred charges and accrued income | 490/1 | €316,036 | €275,926 | -€40,110 | -12.7% |
| Total equity and liabilities | 10/49 | €1,479,138 | €1,454,836 | -€24,302 | -1.6% |
| Equity | 10/15 | €770,832 | €602,039 | -€168,793 | -21.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €752,232 | €1,860 | -€750,372 | -99.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €750,372 | - | -€750,372 | |
| Profit (loss) carried forward | 14 | - | €581,579 | +€581,579 | |
| Amounts payable | 17/49 | €708,306 | €852,797 | +€144,491 | +20.4% |
| Amounts payable after more than one year | 17 | €40,896 | €25,014 | -€15,882 | -38.8% |
| Financial debts | 170/4 | €40,896 | €25,014 | -€15,882 | -38.8% |
| Amounts payable within one year | 42/48 | €637,807 | €818,190 | +€180,383 | +28.3% |
| Current portion of amounts payable after more than one year | 42 | €15,276 | €15,882 | +€607 | +4.0% |
| Trade debts | 44 | €2,889 | €2,835 | -€54 | -1.9% |
| Suppliers | 440/4 | €2,889 | €2,835 | -€54 | -1.9% |
| Taxes, remuneration and social security | 45 | €42,366 | €117,956 | +€75,590 | +178.4% |
| Taxes | 450/3 | €42,366 | €117,956 | +€75,590 | +178.4% |
| Other amounts payable | 47/48 | €577,276 | €681,517 | +€104,241 | +18.1% |
| Accrued charges and deferred income | 492/3 | €29,603 | €9,593 | -€20,010 | -67.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137,341 | €136,729 | -€613 | -0.4% |
| Other operating charges | 640/8 | €3,676 | €3,379 | -€297 | -8.1% |
| Gross operating margin | 9900 | €982,867 | €924,782 | -€58,085 | -5.9% |
| Operating profit (loss) | 9901 | €841,849 | €784,674 | -€57,176 | -6.8% |
| Financial charges | 65/66B | €32,536 | €11,707 | -€20,829 | -64.0% |
| Recurring financial charges | 65 | €32,536 | €11,707 | -€20,829 | -64.0% |
| Profit (loss) for the period before taxes | 9903 | €809,313 | €772,967 | -€36,347 | -4.5% |
| Income taxes | 67/77 | €200,466 | €191,388 | -€9,078 | -4.5% |
| Profit (loss) for the period | 9904 | €608,847 | €581,579 | -€27,268 | -4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €608,847 | €581,579 | -€27,268 | -4.5% |
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 12 October 2026 via checked.be.