Ogepar: 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.
What changed
Ogepar
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€4.6m
2024 · €3.7m+€823,846
Equity
€273.4m
2024 · €268.8m+€4.6m
Cash
€128,341
2024 · €3.5m-€3.3m
Balance sheet total
€273.4m
2024 · €268.9m+€4.5m
Largest movements
Assets
- Financial fixed assets +€9.0m
up €9.0m (+3.7%), from €242.2m to €251.2m
- Receivables after one year -€5.6m
down €5.6m (-99.6%), from €5.6m to €22,325
- Current investments +€5.5m
up €5.5m (+33.3%), from €16.5m to €22.0m
- Cash -€3.3m
down €3.3m (-96.3%), from €3.5m to €128,341
mainly Investment in fixed assets (net) (-€9.0m) and Current investments (-€5.5m)
Equity and liabilities
- Profit (loss) carried forward +€4.3m
up €4.3m (+18.5%), from €23.4m to €27.8m
Income statement
No income-statement line moved by more than 1% of the activity.
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.
Result 2024
€3.7m
Other operating charges
-€9,167
Other operating items
-€13,044
Financial income
+€860,740
Financial charges
-€551
Taxes
-€14,133
Result 2025
€4.6m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€11.2m
Investment
-€14.5m
Financing
€0
Cash 2024
€3.5m
From operations (derived)
+€11.2m
Net result for the year
+€4.6m
Receivables after one year
+€5.6m
Receivables within one year
+€1.0m
Deferred charges and accrued income
+€23,628
Smaller working-capital items
-€18,119
Investment (derived)
-€14.5m
Investment in fixed assets (net)
-€9.0m
Current investments
-€5.5m
Cash 2025
€128,341
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €268,892,138 | €273,433,619 | +€4.5m | +1.7% |
| Fixed assets | 21/28 | €242,244,605 | €251,244,605 | +€9.0m | +3.7% |
| Financial fixed assets | 28 | €242,244,605 | €251,244,605 | +€9.0m | +3.7% |
| Affiliated companies | 280/1 | €242,244,605 | €251,244,605 | +€9.0m | +3.7% |
| Participating interests | 280 | €242,244,605 | €251,244,605 | +€9.0m | +3.7% |
| Current assets | 29/58 | €26,647,533 | €22,189,013 | -€4.5m | -16.7% |
| Amounts receivable after more than one year | 29 | €5,602,325 | €22,325 | -€5.6m | -99.6% |
| Other amounts receivable | 291 | €5,602,325 | €22,325 | -€5.6m | -99.6% |
| Amounts receivable within one year | 40/41 | €1,016,042 | - | -€1.0m | |
| Other amounts receivable | 41 | €1,016,042 | - | -€1.0m | |
| Current investments | 50/53 | €16,474,691 | €21,968,722 | +€5.5m | +33.3% |
| Other investments | 51/53 | €16,474,691 | €21,968,722 | +€5.5m | +33.3% |
| Cash at bank and in hand | 54/58 | €3,461,222 | €128,341 | -€3.3m | -96.3% |
| Deferred charges and accrued income | 490/1 | €93,253 | €69,625 | -€23,628 | -25.3% |
| Total equity and liabilities | 10/49 | €268,892,138 | €273,433,619 | +€4.5m | +1.7% |
| Equity | 10/15 | €268,847,240 | €273,406,839 | +€4.6m | +1.7% |
| Contributions | 10/11 | €100,000,000 | €100,000,000 | = | 0.0% |
| Capital | 10 | €100,000,000 | €100,000,000 | = | 0.0% |
| Issued capital | 100 | €100,000,000 | €100,000,000 | = | 0.0% |
| Revaluation surpluses | 12 | €144,133,633 | €144,133,633 | = | 0.0% |
| Reserves | 13 | €1,265,367 | €1,493,347 | +€227,980 | +18.0% |
| Non-distributable reserves | 130/1 | €1,265,367 | €1,493,347 | +€227,980 | +18.0% |
| Legal reserve | 130 | €1,265,367 | €1,493,347 | +€227,980 | +18.0% |
| Profit (loss) carried forward | 14 | €23,448,240 | €27,779,859 | +€4.3m | +18.5% |
| Amounts payable | 17/49 | €44,899 | €26,779 | -€18,119 | -40.4% |
| Amounts payable within one year | 42/48 | €44,235 | €25,773 | -€18,462 | -41.7% |
| Trade debts | 44 | €44,235 | €25,773 | -€18,462 | -41.7% |
| Suppliers | 440/4 | €44,235 | €25,773 | -€18,462 | -41.7% |
| Accrued charges and deferred income | 492/3 | €663 | €1,006 | +€343 | +51.7% |
| Operating charges | 60/66A | €71,164 | €93,375 | +€22,211 | +31.2% |
| Services and other goods | 61 | €44,387 | €57,431 | +€13,044 | +29.4% |
| Other operating charges | 640/8 | €26,777 | €35,943 | +€9,167 | +34.2% |
| Operating profit (loss) | 9901 | -€71,164 | -€93,375 | -€22,211 | -31.2% |
| Financial income | 75/76B | €4,005,346 | €4,866,087 | +€860,740 | +21.5% |
| Recurring financial income | 75 | €4,005,346 | €4,866,087 | +€860,740 | +21.5% |
| Income from financial fixed assets | 750 | €3,239,246 | €4,293,243 | +€1.1m | +32.5% |
| Income from current assets | 751 | €710,263 | €572,843 | -€137,419 | -19.3% |
| Other financial income | 752/9 | €55,838 | - | -€55,838 | |
| Financial charges | 65/66B | €1,225 | €1,776 | +€551 | +45.0% |
| Recurring financial charges | 65 | €1,225 | €1,776 | +€551 | +45.0% |
| Other financial charges | 652/9 | €1,225 | €1,776 | +€551 | +45.0% |
| Profit (loss) for the period before taxes | 9903 | €3,932,957 | €4,770,936 | +€837,978 | +21.3% |
| Income taxes | 67/77 | €197,204 | €211,336 | +€14,133 | +7.2% |
| Taxes | 670/3 | €197,204 | €211,336 | +€14,133 | +7.2% |
| Profit (loss) for the period | 9904 | €3,735,754 | €4,559,599 | +€823,846 | +22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,735,754 | €4,559,599 | +€823,846 | +22.1% |
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.