OGEFARM: 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.
OGEFARM
Largest movements
- Tangible fixed assets -€51,926
down €51,926 (-4.5%), from €1.2m to €1.1m
of which Land and buildings: -€38,690
- Cash -€37,767
down €37,767 (-23.9%), from €158,314 to €120,547
mainly Debts after one year (-€43,993) and Other debts (-€29,498)
- Debts after one year -€43,993
down €43,993 (-7.2%), from €613,165 to €569,172
of which Financial debts: -€43,993
- Other debts -€29,498
down €29,498 (-67.5%), from €43,727 to €14,229
- Gross operating margin -€21,604
down €21,604 (-20.8%), from €103,742 to €82,137
- Other operating charges +€8,486
up €8,486 (+62.8%), from €13,503 to €21,989
- Taxes -€2,867
no longer reported in 2025 (was €2,867)
- Depreciation -€1,686
down €1,686 (-2.9%), from €57,704 to €56,018
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 | €1,336,993 | €1,257,174 | -€79,819 | -6.0% |
| Fixed assets | 21/28 | €1,154,379 | €1,102,452 | -€51,926 | -4.5% |
| Tangible fixed assets | 22/27 | €1,151,900 | €1,099,973 | -€51,926 | -4.5% |
| Land and buildings | 22 | €1,115,352 | €1,076,662 | -€38,690 | -3.5% |
| Plant, machinery and equipment | 23 | €36,548 | €23,311 | -€13,236 | -36.2% |
| Financial fixed assets | 28 | €2,479 | €2,479 | = | 0.0% |
| Current assets | 29/58 | €182,614 | €154,721 | -€27,893 | -15.3% |
| Amounts receivable within one year | 40/41 | €17,372 | €15,461 | -€1,911 | -11.0% |
| Trade receivables | 40 | €14,910 | €8,760 | -€6,150 | -41.2% |
| Other amounts receivable | 41 | €2,462 | €6,701 | +€4,239 | +172% |
| Cash at bank and in hand | 54/58 | €158,314 | €120,547 | -€37,767 | -23.9% |
| Deferred charges and accrued income | 490/1 | €6,928 | €18,713 | +€11,785 | +170% |
| Total equity and liabilities | 10/49 | €1,336,993 | €1,257,174 | -€79,819 | -6.0% |
| Equity | 10/15 | €595,694 | €594,369 | -€1,325 | -0.2% |
| Contributions | 10/11 | €297,157 | €297,157 | = | 0.0% |
| Capital | 10 | €297,157 | €297,157 | = | 0.0% |
| Issued capital | 100 | €297,157 | €297,157 | = | 0.0% |
| Reserves | 13 | €324,654 | €321,898 | -€2,756 | -0.8% |
| Non-distributable reserves | 130/1 | €23,916 | €23,916 | = | 0.0% |
| Legal reserve | 130 | €23,916 | €23,916 | = | 0.0% |
| Tax-exempt reserves | 132 | €84,099 | €81,343 | -€2,756 | -3.3% |
| Distributable reserves | 133 | €216,639 | €216,639 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,117 | -€24,686 | +€1,431 | +5.5% |
| Provisions and deferred taxes | 16 | €28,033 | €27,114 | -€919 | -3.3% |
| Deferred taxes | 168 | €28,033 | €27,114 | -€919 | -3.3% |
| Amounts payable | 17/49 | €713,266 | €635,690 | -€77,576 | -10.9% |
| Amounts payable after more than one year | 17 | €613,165 | €569,172 | -€43,993 | -7.2% |
| Financial debts | 170/4 | €611,211 | €567,217 | -€43,993 | -7.2% |
| Other amounts payable | 178/9 | €1,954 | €1,954 | = | 0.0% |
| Amounts payable within one year | 42/48 | €95,763 | €63,892 | -€31,871 | -33.3% |
| Current portion of amounts payable after more than one year | 42 | €48,732 | €43,993 | -€4,738 | -9.7% |
| Trade debts | 44 | €819 | €3,185 | +€2,366 | +289% |
| Suppliers | 440/4 | €819 | €3,185 | +€2,366 | +289% |
| Taxes, remuneration and social security | 45 | €2,485 | €2,485 | = | 0.0% |
| Taxes | 450/3 | €2,485 | €2,485 | = | 0.0% |
| Other amounts payable | 47/48 | €43,727 | €14,229 | -€29,498 | -67.5% |
| Accrued charges and deferred income | 492/3 | €4,338 | €2,626 | -€1,712 | -39.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,704 | €56,018 | -€1,686 | -2.9% |
| Other operating charges | 640/8 | €13,503 | €21,989 | +€8,486 | +62.8% |
| Gross operating margin | 9900 | €103,742 | €82,137 | -€21,604 | -20.8% |
| Operating profit (loss) | 9901 | €32,534 | €4,130 | -€28,404 | -87.3% |
| Financial income | 75/76B | €1,458 | €2,347 | +€889 | +61.0% |
| Recurring financial income | 75 | €1,458 | €1,933 | +€475 | +32.5% |
| Non-recurring financial income | 76B | - | €414 | +€414 | |
| Financial charges | 65/66B | €9,661 | €8,720 | -€940 | -9.7% |
| Recurring financial charges | 65 | €9,661 | €8,720 | -€940 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €24,332 | -€2,243 | -€26,575 | |
| Transfer from deferred taxes | 780 | €919 | €919 | = | 0.0% |
| Income taxes | 67/77 | €2,867 | - | -€2,867 | |
| Profit (loss) for the period | 9904 | €22,383 | -€1,325 | -€23,708 | |
| Transfer from tax-exempt reserves | 789 | €2,756 | €2,756 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,139 | €1,431 | -€23,708 | -94.3% |
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.