OFEK: 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.
OFEK
Largest movements
- Cash -€48,150
down €48,150 (-54.6%), from €88,145 to €39,995
mainly Other debts (-€34,525) and Investment in fixed assets (net) (-€17,520)
- Tangible fixed assets +€13,197
up €13,197 (+1219.0%), from €1,083 to €14,280
of which Other tangible fixed assets: +€8,755
- Other debts -€34,525
down €34,525 (-44.0%), from €78,481 to €43,955
- Gross operating margin -€9,417
down €9,417 (-33.0%), from €28,522 to €19,105
- Depreciation +€3,639
up €3,639 (+531.8%), from €684 to €4,323
- Taxes -€2,653
down €2,653 (-41.7%), from €6,356 to €3,704
- Other operating charges +€387
new in 2025: €387
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 | €102,825 | €69,010 | -€33,815 | -32.9% |
| Fixed assets | 21/28 | €1,083 | €14,280 | +€13,197 | +1219.0% |
| Tangible fixed assets | 22/27 | €1,083 | €14,280 | +€13,197 | +1219.0% |
| Furniture and vehicles | 24 | €1,083 | €5,524 | +€4,442 | +410.3% |
| Other tangible fixed assets | 26 | - | €8,755 | +€8,755 | |
| Current assets | 29/58 | €101,743 | €54,731 | -€47,012 | -46.2% |
| Amounts receivable within one year | 40/41 | €12,952 | €13,909 | +€957 | +7.4% |
| Trade receivables | 40 | €12,952 | €13,613 | +€660 | +5.1% |
| Other amounts receivable | 41 | - | €296 | +€296 | |
| Cash at bank and in hand | 54/58 | €88,145 | €39,995 | -€48,150 | -54.6% |
| Deferred charges and accrued income | 490/1 | €645 | €826 | +€181 | +28.1% |
| Total equity and liabilities | 10/49 | €102,825 | €69,010 | -€33,815 | -32.9% |
| Equity | 10/15 | €6,000 | €6,000 | = | 0.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €96,825 | €63,010 | -€33,815 | -34.9% |
| Amounts payable within one year | 42/48 | €96,821 | €63,010 | -€33,811 | -34.9% |
| Financial debts | 43 | €12 | €14 | +€2 | +21.0% |
| Credit institutions | 430/8 | €12 | €14 | +€2 | +21.0% |
| Trade debts | 44 | €5,514 | €5,207 | -€307 | -5.6% |
| Suppliers | 440/4 | €5,514 | €5,207 | -€307 | -5.6% |
| Taxes, remuneration and social security | 45 | €12,815 | €13,834 | +€1,019 | +7.9% |
| Taxes | 450/3 | €12,815 | €13,834 | +€1,019 | +7.9% |
| Other amounts payable | 47/48 | €78,481 | €43,955 | -€34,525 | -44.0% |
| Accrued charges and deferred income | 492/3 | €4 | - | -€4 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €684 | €4,323 | +€3,639 | +531.8% |
| Other operating charges | 640/8 | - | €387 | +€387 | |
| Gross operating margin | 9900 | €28,522 | €19,105 | -€9,417 | -33.0% |
| Operating profit (loss) | 9901 | €27,838 | €14,395 | -€13,443 | -48.3% |
| Financial income | 75/76B | €3 | €3 | -€0 | -2.6% |
| Recurring financial income | 75 | €3 | €3 | -€0 | -2.6% |
| Financial charges | 65/66B | €1,787 | €1,872 | +€86 | +4.8% |
| Recurring financial charges | 65 | €1,787 | €1,872 | +€86 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €26,055 | €12,526 | -€13,529 | -51.9% |
| Income taxes | 67/77 | €6,356 | €3,704 | -€2,653 | -41.7% |
| Profit (loss) for the period | 9904 | €19,698 | €8,822 | -€10,876 | -55.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,698 | €8,822 | -€10,876 | -55.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.