OFIX: 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.
OFIX
Largest movements
- Stocks and contracts +€251,222
new in 2024: €251,222
- Tangible fixed assets -€211,952
down €211,952 (-18.0%), from €1.2m to €964,850
of which Land and buildings: -€276,077
- Receivables within one year -€36,452
down €36,452 (-28.7%), from €126,974 to €90,522
of which Trade receivables: -€58,664
- Other debts +€213,677
up €213,677 (+141.0%), from €151,501 to €365,178
- Trade debts -€197,083
down €197,083 (-72.8%), from €270,609 to €73,526
- Debts after one year -€51,772
down €51,772 (-10.8%), from €481,439 to €429,667
of which Financial debts: -€111,772
- Current portion of long-term debt +€41,608
up €41,608 (+64.4%), from €64,653 to €106,260
- Tax, wage and social debts -€28,283
down €28,283 (-62.4%), from €45,317 to €17,034
of which Taxes: -€32,528
- Gross operating margin +€26,330
up €26,330 (+19.4%), from €135,942 to €162,272
- Staff costs +€21,896
up €21,896 (+62.1%), from €35,261 to €57,157
- Other operating charges +€12,616
up €12,616 (+7209.0%), from €175 to €12,791
- Depreciation +€9,822
up €9,822 (+25.1%), from €39,115 to €48,937
- Taxes -€7,409
down €7,409 (-51.4%), from €14,419 to €7,010
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,314,998 | €1,320,989 | +€5,991 | +0.5% |
| Fixed assets | 21/28 | €1,176,802 | €964,850 | -€211,952 | -18.0% |
| Tangible fixed assets | 22/27 | €1,176,802 | €964,850 | -€211,952 | -18.0% |
| Land and buildings | 22 | €1,154,513 | €878,436 | -€276,077 | -23.9% |
| Plant, machinery and equipment | 23 | - | €21,085 | +€21,085 | |
| Furniture and vehicles | 24 | €22,289 | €33,237 | +€10,947 | +49.1% |
| Other tangible fixed assets | 26 | - | €32,092 | +€32,092 | |
| Current assets | 29/58 | €138,196 | €356,139 | +€217,942 | +157.7% |
| Stocks and contracts in progress | 3 | - | €251,222 | +€251,222 | |
| Stocks | 30/36 | - | €251,222 | +€251,222 | |
| Amounts receivable within one year | 40/41 | €126,974 | €90,522 | -€36,452 | -28.7% |
| Trade receivables | 40 | €126,974 | €68,310 | -€58,664 | -46.2% |
| Other amounts receivable | 41 | - | €22,212 | +€22,212 | |
| Cash at bank and in hand | 54/58 | €11,223 | €14,395 | +€3,172 | +28.3% |
| Total equity and liabilities | 10/49 | €1,314,998 | €1,320,989 | +€5,991 | +0.5% |
| Equity | 10/15 | €301,480 | €329,324 | +€27,844 | +9.2% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €3,777 | €3,777 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,777 | €3,777 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €3,777 | +€3,777 | |
| Other | 1319 | €3,777 | - | -€3,777 | |
| Profit (loss) carried forward | 14 | €97,703 | €125,547 | +€27,844 | +28.5% |
| Amounts payable | 17/49 | €1,013,518 | €991,665 | -€21,853 | -2.2% |
| Amounts payable after more than one year | 17 | €481,439 | €429,667 | -€51,772 | -10.8% |
| Financial debts | 170/4 | €481,439 | €369,667 | -€111,772 | -23.2% |
| Other amounts payable | 178/9 | - | €60,000 | +€60,000 | |
| Amounts payable within one year | 42/48 | €532,079 | €561,998 | +€29,919 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €64,653 | €106,260 | +€41,608 | +64.4% |
| Trade debts | 44 | €270,609 | €73,526 | -€197,083 | -72.8% |
| Suppliers | 440/4 | €270,609 | €73,526 | -€197,083 | -72.8% |
| Taxes, remuneration and social security | 45 | €45,317 | €17,034 | -€28,283 | -62.4% |
| Taxes | 450/3 | €37,133 | €4,605 | -€32,528 | -87.6% |
| Remuneration and social security | 454/9 | €8,184 | €12,429 | +€4,245 | +51.9% |
| Other amounts payable | 47/48 | €151,501 | €365,178 | +€213,677 | +141.0% |
| Non-recurring operating income | 76A | - | €11,210 | +€11,210 | |
| Remuneration, social security and pensions | 62 | €35,261 | €57,157 | +€21,896 | +62.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,115 | €48,937 | +€9,822 | +25.1% |
| Other operating charges | 640/8 | €175 | €12,791 | +€12,616 | +7209.0% |
| Gross operating margin | 9900 | €135,942 | €162,272 | +€26,330 | +19.4% |
| Operating profit (loss) | 9901 | €61,391 | €43,387 | -€18,004 | -29.3% |
| Financial income | 75/76B | - | €93 | +€93 | |
| Recurring financial income | 75 | - | €93 | +€93 | |
| Financial charges | 65/66B | €8,011 | €8,626 | +€615 | +7.7% |
| Recurring financial charges | 65 | €8,011 | €8,626 | +€615 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | €53,380 | €34,854 | -€18,526 | -34.7% |
| Income taxes | 67/77 | €14,419 | €7,010 | -€7,409 | -51.4% |
| Profit (loss) for the period | 9904 | €38,961 | €27,844 | -€11,117 | -28.5% |
| Profit (loss) for the period to be appropriated | 9905 | €38,961 | €27,844 | -€11,117 | -28.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.