OGF Assurances: 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.
OGF Assurances
Largest movements
- Tangible fixed assets +€108,145
up €108,145 (+131.3%), from €82,352 to €190,497
of which Plant, machinery and equipment: +€110,621
- Receivables within one year -€43,832
down €43,832 (-85.2%), from €51,475 to €7,644
- Cash -€33,625
down €33,625 (-98.9%), from €34,009 to €384
mainly Investment in fixed assets (net) (-€121,374) and Other debts (-€80,000)
- Other debts -€80,000
no longer reported in 2024 (was €80,000)
- Trade debts +€65,737
up €65,737 (+1639.1%), from €4,011 to €69,748
- Reserves +€36,793
up €36,793 (+22.3%), from €165,348 to €202,140
- Tax, wage and social debts +€12,490
up €12,490 (+27.1%), from €46,120 to €58,610
of which Taxes: +€14,990
- Debts after one year -€10,279
down €10,279 (-3.0%), from €343,285 to €333,006
- Gross operating margin -€73,894
down €73,894 (-58.4%), from €126,584 to €52,690
- Financial income +€31,838
new in 2024: €31,838
of which Financial income: +€31,838
- Taxes -€14,115
down €14,115 (-46.5%), from €30,363 to €16,248
- Depreciation +€10,003
up €10,003 (+310.0%), from €3,227 to €13,229
- Other operating charges +€5,324
up €5,324 (+207.7%), from €2,563 to €7,887
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 | €719,077 | €749,736 | +€30,659 | +4.3% |
| Fixed assets | 21/28 | €633,552 | €741,697 | +€108,145 | +17.1% |
| Tangible fixed assets | 22/27 | €82,352 | €190,497 | +€108,145 | +131.3% |
| Land and buildings | 22 | €80,246 | €77,770 | -€2,477 | -3.1% |
| Plant, machinery and equipment | 23 | €2,106 | €112,727 | +€110,621 | +5253.4% |
| Financial fixed assets | 28 | €551,200 | €551,200 | = | 0.0% |
| Current assets | 29/58 | €85,525 | €8,039 | -€77,486 | -90.6% |
| Amounts receivable within one year | 40/41 | €51,475 | €7,644 | -€43,832 | -85.2% |
| Other amounts receivable | 41 | €51,475 | €7,644 | -€43,832 | -85.2% |
| Cash at bank and in hand | 54/58 | €34,009 | €384 | -€33,625 | -98.9% |
| Deferred charges and accrued income | 490/1 | €41 | €11 | -€29 | -72.8% |
| Total equity and liabilities | 10/49 | €719,077 | €749,736 | +€30,659 | +4.3% |
| Equity | 10/15 | €183,948 | €220,740 | +€36,793 | +20.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €165,348 | €202,140 | +€36,793 | +22.3% |
| Distributable reserves | 133 | €165,348 | €202,140 | +€36,793 | +22.3% |
| Amounts payable | 17/49 | €535,130 | €528,996 | -€6,134 | -1.1% |
| Amounts payable after more than one year | 17 | €343,285 | €333,006 | -€10,279 | -3.0% |
| Financial debts | 170/4 | €343,285 | €333,006 | -€10,279 | -3.0% |
| Amounts payable within one year | 42/48 | €191,845 | €195,990 | +€4,145 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €61,714 | €67,632 | +€5,918 | +9.6% |
| Trade debts | 44 | €4,011 | €69,748 | +€65,737 | +1639.1% |
| Suppliers | 440/4 | €4,011 | €69,748 | +€65,737 | +1639.1% |
| Taxes, remuneration and social security | 45 | €46,120 | €58,610 | +€12,490 | +27.1% |
| Taxes | 450/3 | €43,620 | €58,610 | +€14,990 | +34.4% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | €80,000 | - | -€80,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,227 | €13,229 | +€10,003 | +310.0% |
| Other operating charges | 640/8 | €2,563 | €7,887 | +€5,324 | +207.7% |
| Gross operating margin | 9900 | €126,584 | €52,690 | -€73,894 | -58.4% |
| Operating profit (loss) | 9901 | €120,794 | €31,574 | -€89,220 | -73.9% |
| Financial income | 75/76B | - | €31,838 | +€31,838 | |
| Recurring financial income | 75 | - | €31,838 | +€31,838 | |
| Non-recurring financial income | 76B | - | €31,838 | +€31,838 | |
| Financial charges | 65/66B | €7,886 | €10,371 | +€2,486 | +31.5% |
| Recurring financial charges | 65 | €7,779 | €10,371 | +€2,593 | +33.3% |
| Non-recurring financial charges | 66B | €107 | - | -€107 | |
| Profit (loss) for the period before taxes | 9903 | €112,908 | €53,040 | -€59,868 | -53.0% |
| Income taxes | 67/77 | €30,363 | €16,248 | -€14,115 | -46.5% |
| Profit (loss) for the period | 9904 | €82,546 | €36,793 | -€45,753 | -55.4% |
| Profit (loss) for the period to be appropriated | 9905 | €82,546 | €36,793 | -€45,753 | -55.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.