OFTALMED: 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.
OFTALMED
Largest movements
- Cash +€48,924
up €48,924 (+70.6%), from €69,310 to €118,234
- Tangible fixed assets +€18,374
up €18,374 (+13.3%), from €138,492 to €156,866
of which Leasing and similar rights: +€38,519
- Receivables within one year -€4,573
down €4,573 (-30.1%), from €15,172 to €10,599
of which Trade receivables: -€3,035
- Deferred charges and accrued income -€3,979
down €3,979 (-17.1%), from €23,335 to €19,356
- Accrued charges and deferred income +€41,743
up €41,743 (+51.4%), from €81,145 to €122,887
- Debts after one year +€20,884
up €20,884 (+31.6%), from €66,189 to €87,073
- Current portion of long-term debt -€3,270
down €3,270 (-7.6%), from €42,899 to €39,629
- Gross operating margin +€46,478
up €46,478 (+17.8%), from €260,948 to €307,426
- Staff costs +€42,746
up €42,746 (+21.6%), from €197,921 to €240,666
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €246,309 | €305,055 | +€58,746 | +23.9% |
| Fixed assets | 21/28 | €138,492 | €156,866 | +€18,374 | +13.3% |
| Tangible fixed assets | 22/27 | €138,492 | €156,866 | +€18,374 | +13.3% |
| Plant, machinery and equipment | 23 | €35,619 | €16,171 | -€19,449 | -54.6% |
| Furniture and vehicles | 24 | €1,882 | €1,185 | -€696 | -37.0% |
| Leasing and similar rights | 25 | €100,991 | €139,510 | +€38,519 | +38.1% |
| Current assets | 29/58 | €107,817 | €148,190 | +€40,373 | +37.4% |
| Amounts receivable within one year | 40/41 | €15,172 | €10,599 | -€4,573 | -30.1% |
| Trade receivables | 40 | €10,070 | €7,035 | -€3,035 | -30.1% |
| Other amounts receivable | 41 | €5,102 | €3,564 | -€1,538 | -30.1% |
| Cash at bank and in hand | 54/58 | €69,310 | €118,234 | +€48,924 | +70.6% |
| Deferred charges and accrued income | 490/1 | €23,335 | €19,356 | -€3,979 | -17.1% |
| Total equity and liabilities | 10/49 | €246,309 | €305,055 | +€58,746 | +23.9% |
| Equity | 10/15 | €15,000 | €15,000 | = | 0.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable | 17/49 | €231,309 | €290,055 | +€58,746 | +25.4% |
| Amounts payable after more than one year | 17 | €66,189 | €87,073 | +€20,884 | +31.6% |
| Financial debts | 170/4 | €66,189 | €87,073 | +€20,884 | +31.6% |
| Amounts payable within one year | 42/48 | €83,976 | €80,095 | -€3,880 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €42,899 | €39,629 | -€3,270 | -7.6% |
| Trade debts | 44 | €22,518 | €23,134 | +€615 | +2.7% |
| Suppliers | 440/4 | €22,518 | €23,134 | +€615 | +2.7% |
| Taxes, remuneration and social security | 45 | €16,047 | €15,804 | -€242 | -1.5% |
| Taxes | 450/3 | €1,921 | €1,998 | +€76 | +4.0% |
| Remuneration and social security | 454/9 | €14,125 | €13,807 | -€319 | -2.3% |
| Other amounts payable | 47/48 | €2,512 | €1,528 | -€984 | -39.2% |
| Accrued charges and deferred income | 492/3 | €81,145 | €122,887 | +€41,743 | +51.4% |
| Remuneration, social security and pensions | 62 | €197,921 | €240,666 | +€42,746 | +21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,918 | €52,159 | -€759 | -1.4% |
| Other operating charges | 640/8 | €6,189 | €8,628 | +€2,439 | +39.4% |
| Gross operating margin | 9900 | €260,948 | €307,426 | +€46,478 | +17.8% |
| Operating profit (loss) | 9901 | €3,920 | €5,973 | +€2,053 | +52.4% |
| Financial income | 75/76B | - | €133 | +€133 | |
| Recurring financial income | 75 | - | €133 | +€133 | |
| Financial charges | 65/66B | €3,920 | €6,106 | +€2,186 | +55.8% |
| Recurring financial charges | 65 | €3,920 | €6,106 | +€2,186 | +55.8% |
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 25 October 2026 via checked.be.