OFINRA: 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.
OFINRA
Largest movements
- Cash +€33,850
up €33,850 (+73.5%), from €46,069 to €79,918
mainly Net result for the year (+€34,222) and Receivables within one year (+€28,127)
- Receivables within one year -€28,127
down €28,127 (-5.4%), from €524,858 to €496,731
of which Trade receivables: -€306,877
- Tangible fixed assets -€14,401
down €14,401 (-19.0%), from €75,798 to €61,397
of which Furniture and vehicles: -€11,428
- Trade debts -€104,901
down €104,901 (-100%), from €104,901 to €0
- Profit (loss) carried forward +€34,222
up €34,222 (+8.3%), from €410,791 to €445,013
- Other debts +€26,897
up €26,897 (+30.9%), from €87,096 to €113,993
- Tax, wage and social debts +€25,048
up €25,048 (+104%), from €24,183 to €49,232
- Advances received +€9,582
new in 2025: €9,582
- Gross operating margin +€87,322
up €87,322 (+2,674%), from €3,265 to €90,587
- Taxes +€41,237
up €41,237 (+23,546%), from €175 to €41,412
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 | €647,430 | €638,279 | -€9,151 | -1.4% |
| Fixed assets | 21/28 | €75,798 | €61,397 | -€14,401 | -19.0% |
| Tangible fixed assets | 22/27 | €75,798 | €61,397 | -€14,401 | -19.0% |
| Plant, machinery and equipment | 23 | €750 | €251 | -€499 | -66.5% |
| Furniture and vehicles | 24 | €40,310 | €28,883 | -€11,428 | -28.3% |
| Other tangible fixed assets | 26 | €34,738 | €32,263 | -€2,474 | -7.1% |
| Current assets | 29/58 | €571,632 | €576,882 | +€5,250 | +0.9% |
| Amounts receivable within one year | 40/41 | €524,858 | €496,731 | -€28,127 | -5.4% |
| Trade receivables | 40 | €310,601 | €3,723 | -€306,877 | -98.8% |
| Other amounts receivable | 41 | €214,257 | €493,007 | +€278,750 | +130% |
| Cash at bank and in hand | 54/58 | €46,069 | €79,918 | +€33,850 | +73.5% |
| Deferred charges and accrued income | 490/1 | €705 | €233 | -€473 | -67.0% |
| Total equity and liabilities | 10/49 | €647,430 | €638,279 | -€9,151 | -1.4% |
| Equity | 10/15 | €431,251 | €465,473 | +€34,222 | +7.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €410,791 | €445,013 | +€34,222 | +8.3% |
| Amounts payable | 17/49 | €216,179 | €172,806 | -€43,373 | -20.1% |
| Amounts payable within one year | 42/48 | €216,179 | €172,806 | -€43,373 | -20.1% |
| Trade debts | 44 | €104,901 | €0 | -€104,901 | -100% |
| Suppliers | 440/4 | €104,901 | €0 | -€104,901 | -100% |
| Advances received on contracts in progress | 46 | - | €9,582 | +€9,582 | |
| Taxes, remuneration and social security | 45 | €24,183 | €49,232 | +€25,048 | +104% |
| Taxes | 450/3 | €24,183 | €49,232 | +€25,048 | +104% |
| Other amounts payable | 47/48 | €87,096 | €113,993 | +€26,897 | +30.9% |
| Non-recurring operating income | 76A | €4,896 | €0 | -€4,896 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,485 | €14,401 | -€84 | -0.6% |
| Other operating charges | 640/8 | €140 | €232 | +€92 | +66.0% |
| Gross operating margin | 9900 | €3,265 | €90,587 | +€87,322 | +2,674% |
| Operating profit (loss) | 9901 | -€11,360 | €75,953 | +€87,313 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €327 | €319 | -€8 | -2.4% |
| Recurring financial charges | 65 | €327 | €319 | -€8 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | -€11,687 | €75,634 | +€87,321 | |
| Income taxes | 67/77 | €175 | €41,412 | +€41,237 | +23,546% |
| Profit (loss) for the period | 9904 | -€11,862 | €34,222 | +€46,084 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,862 | €34,222 | +€46,084 |
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 19 October 2026 via checked.be.