OFAMCO: 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.
OFAMCO
Largest movements
- Tangible fixed assets -€8,218
down €8,218 (-25.1%), from €32,762 to €24,544
- Receivables within one year +€6,998
up €6,998 (+123.9%), from €5,647 to €12,645
of which Trade receivables: +€7,031
- Cash +€5,658
up €5,658 (+47.9%), from €11,814 to €17,472
mainly Net result for the year (+€25,288) and Depreciation (+€8,218)
- Deferred charges and accrued income +€1,185
up €1,185 (+97.5%), from €1,215 to €2,400
- Profit (loss) carried forward +€13,093
up €13,093 (+41.5%), from €31,548 to €44,641
- Debts after one year -€10,417
down €10,417 (-48.5%), from €21,494 to €11,076
- Tax, wage and social debts +€6,321
up €6,321 (+97.2%), from €6,505 to €12,826
of which Taxes: +€4,315
- Trade debts -€3,180
down €3,180 (-49.8%), from €6,391 to €3,211
- Gross operating margin +€32,733
up €32,733 (+208.4%), from €15,709 to €48,442
- Taxes +€7,355
up €7,355 (+165.4%), from €4,448 to €11,802
- Financial charges -€840
down €840 (-24.5%), from €3,422 to €2,582
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 | €101,438 | €107,061 | +€5,623 | +5.5% |
| Fixed assets | 21/28 | €82,762 | €74,544 | -€8,218 | -9.9% |
| Tangible fixed assets | 22/27 | €32,762 | €24,544 | -€8,218 | -25.1% |
| Other tangible fixed assets | 26 | €32,762 | €24,544 | -€8,218 | -25.1% |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €18,676 | €32,517 | +€13,841 | +74.1% |
| Amounts receivable within one year | 40/41 | €5,647 | €12,645 | +€6,998 | +123.9% |
| Trade receivables | 40 | - | €7,031 | +€7,031 | |
| Other amounts receivable | 41 | €5,647 | €5,614 | -€33 | -0.6% |
| Cash at bank and in hand | 54/58 | €11,814 | €17,472 | +€5,658 | +47.9% |
| Deferred charges and accrued income | 490/1 | €1,215 | €2,400 | +€1,185 | +97.5% |
| Total equity and liabilities | 10/49 | €101,438 | €107,061 | +€5,623 | +5.5% |
| Equity | 10/15 | €36,548 | €49,641 | +€13,093 | +35.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,548 | €44,641 | +€13,093 | +41.5% |
| Amounts payable | 17/49 | €64,891 | €57,420 | -€7,471 | -11.5% |
| Amounts payable after more than one year | 17 | €21,494 | €11,076 | -€10,417 | -48.5% |
| Financial debts | 170/4 | €21,494 | €11,076 | -€10,417 | -48.5% |
| Amounts payable within one year | 42/48 | €43,397 | €46,344 | +€2,947 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €9,798 | €10,417 | +€620 | +6.3% |
| Financial debts | 43 | €7,500 | €7,500 | = | 0.0% |
| Credit institutions | 430/8 | €7,500 | €7,500 | = | 0.0% |
| Trade debts | 44 | €6,391 | €3,211 | -€3,180 | -49.8% |
| Suppliers | 440/4 | €6,391 | €3,211 | -€3,180 | -49.8% |
| Taxes, remuneration and social security | 45 | €6,505 | €12,826 | +€6,321 | +97.2% |
| Taxes | 450/3 | €6,505 | €10,820 | +€4,315 | +66.3% |
| Remuneration and social security | 454/9 | - | €2,006 | +€2,006 | |
| Other amounts payable | 47/48 | €13,203 | €12,389 | -€814 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,942 | €8,218 | +€276 | +3.5% |
| Other operating charges | 640/8 | €911 | €551 | -€359 | -39.5% |
| Gross operating margin | 9900 | €15,709 | €48,442 | +€32,733 | +208.4% |
| Operating profit (loss) | 9901 | €6,857 | €39,673 | +€32,816 | +478.6% |
| Financial income | 75/76B | €45 | - | -€45 | |
| Recurring financial income | 75 | €45 | - | -€45 | |
| Financial charges | 65/66B | €3,422 | €2,582 | -€840 | -24.5% |
| Recurring financial charges | 65 | €3,422 | €2,582 | -€840 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €3,480 | €37,091 | +€33,611 | +965.9% |
| Income taxes | 67/77 | €4,448 | €11,802 | +€7,355 | +165.4% |
| Profit (loss) for the period | 9904 | -€968 | €25,288 | +€26,256 | |
| Profit (loss) for the period to be appropriated | 9905 | -€968 | €25,288 | +€26,256 |
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 11 October 2026 via checked.be.