OFIP: 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.
OFIP
Largest movements
- Tangible fixed assets +€458,120
up €458,120 (+11.7%), from €3.9m to €4.4m
of which Other tangible fixed assets: +€560,237
- Receivables after one year +€161,295
up €161,295 (+34.2%), from €471,792 to €633,087
- Debts after one year +€546,972
new in 2025: €546,972
- Depreciation +€15,619
up €15,619 (+15.1%), from €103,280 to €118,899
- Taxes -€4,742
down €4,742 (-26.5%), from €17,894 to €13,152
- Other operating charges +€2,945
up €2,945 (+25.1%), from €11,737 to €14,682
- Financial charges +€1,955
up €1,955 (+747%), from €262 to €2,216
- Gross operating margin -€1,867
down €1,867 (-1.1%), from €177,091 to €175,224
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 | €4,381,671 | €5,000,751 | +€619,080 | +14.1% |
| Formation expenses | 20 | €1,600 | €437 | -€1,163 | -72.7% |
| Fixed assets | 21/28 | €3,899,357 | €4,357,477 | +€458,120 | +11.7% |
| Tangible fixed assets | 22/27 | €3,899,357 | €4,357,477 | +€458,120 | +11.7% |
| Land and buildings | 22 | €3,899,357 | €3,797,240 | -€102,116 | -2.6% |
| Other tangible fixed assets | 26 | - | €560,237 | +€560,237 | |
| Current assets | 29/58 | €480,715 | €642,838 | +€162,123 | +33.7% |
| Amounts receivable after more than one year | 29 | €471,792 | €633,087 | +€161,295 | +34.2% |
| Trade receivables | 290 | €471,792 | €633,087 | +€161,295 | +34.2% |
| Amounts receivable within one year | 40/41 | €8,902 | €9,442 | +€541 | +6.1% |
| Other amounts receivable | 41 | €8,902 | €9,442 | +€541 | +6.1% |
| Cash at bank and in hand | 54/58 | €21 | €308 | +€288 | +1,381% |
| Total equity and liabilities | 10/49 | €4,381,671 | €5,000,751 | +€619,080 | +14.1% |
| Equity | 10/15 | €4,359,443 | €4,385,718 | +€26,274 | +0.6% |
| Contributions | 10/11 | €4,269,494 | €4,269,494 | = | 0.0% |
| Reserves | 13 | €89,949 | €116,224 | +€26,274 | +29.2% |
| Distributable reserves | 133 | €89,949 | €116,224 | +€26,274 | +29.2% |
| Amounts payable | 17/49 | €22,228 | €615,034 | +€592,805 | +2,667% |
| Amounts payable after more than one year | 17 | - | €546,972 | +€546,972 | |
| Financial debts | 170/4 | - | €546,972 | +€546,972 | |
| Amounts payable within one year | 42/48 | €22,228 | €68,061 | +€45,833 | +206% |
| Current portion of amounts payable after more than one year | 42 | - | €36,982 | +€36,982 | |
| Trade debts | 44 | €1,054 | €33 | -€1,021 | -96.9% |
| Suppliers | 440/4 | €1,054 | €33 | -€1,021 | -96.9% |
| Taxes, remuneration and social security | 45 | €21,174 | €31,046 | +€9,872 | +46.6% |
| Taxes | 450/3 | €21,174 | €31,046 | +€9,872 | +46.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,280 | €118,899 | +€15,619 | +15.1% |
| Other operating charges | 640/8 | €11,737 | €14,682 | +€2,945 | +25.1% |
| Gross operating margin | 9900 | €177,091 | €175,224 | -€1,867 | -1.1% |
| Operating profit (loss) | 9901 | €62,074 | €41,643 | -€20,431 | -32.9% |
| Financial charges | 65/66B | €262 | €2,216 | +€1,955 | +747% |
| Recurring financial charges | 65 | €262 | €2,216 | +€1,955 | +747% |
| Profit (loss) for the period before taxes | 9903 | €61,812 | €39,427 | -€22,386 | -36.2% |
| Income taxes | 67/77 | €17,894 | €13,152 | -€4,742 | -26.5% |
| Profit (loss) for the period | 9904 | €43,918 | €26,274 | -€17,644 | -40.2% |
| Profit (loss) for the period to be appropriated | 9905 | €43,918 | €26,274 | -€17,644 | -40.2% |
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 15 October 2026 via checked.be.