OKINAWA: 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.
OKINAWA
Largest movements
- Tangible fixed assets +€62,957
up €62,957 (+5.7%), from €1.1m to €1.2m
of which Plant, machinery and equipment: +€73,145
- Receivables within one year +€31,821
up €31,821 (+162%), from €19,588 to €51,408
of which Trade receivables: +€44,513
- Debts after one year +€120,083
up €120,083 (+24.8%), from €484,622 to €604,706
- Trade debts -€116,473
down €116,473 (-76.6%), from €152,113 to €35,640
- Reserves +€36,000
up €36,000 (+85.7%), from €42,000 to €78,000
- Current portion of long-term debt +€23,584
up €23,584 (+23.1%), from €102,001 to €125,585
- Other debts +€21,275
up €21,275 (+63.2%), from €33,652 to €54,927
- Gross operating margin +€94,493
up €94,493 (+26.6%), from €355,819 to €450,312
- Depreciation +€41,135
up €41,135 (+52.0%), from €79,076 to €120,211
- Staff costs +€36,891
up €36,891 (+24.0%), from €153,916 to €190,807
- Taxes +€7,319
up €7,319 (+60.9%), from €12,011 to €19,331
- Financial charges +€6,778
up €6,778 (+14.4%), from €47,121 to €53,900
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 | €1,199,976 | €1,291,769 | +€91,793 | +7.6% |
| Fixed assets | 21/28 | €1,113,966 | €1,176,923 | +€62,957 | +5.7% |
| Tangible fixed assets | 22/27 | €1,113,713 | €1,176,670 | +€62,957 | +5.7% |
| Land and buildings | 22 | €799,878 | €847,429 | +€47,551 | +5.9% |
| Plant, machinery and equipment | 23 | €159,661 | €232,806 | +€73,145 | +45.8% |
| Furniture and vehicles | 24 | €11,925 | €14,429 | +€2,503 | +21.0% |
| Leasing and similar rights | 25 | €100,787 | €77,053 | -€23,734 | -23.5% |
| Other tangible fixed assets | 26 | €41,462 | €4,953 | -€36,509 | -88.1% |
| Financial fixed assets | 28 | €253 | €253 | = | 0.0% |
| Current assets | 29/58 | €86,010 | €114,846 | +€28,836 | +33.5% |
| Stocks and contracts in progress | 3 | €5,424 | €5,074 | -€350 | -6.5% |
| Stocks | 30/36 | €5,424 | €5,074 | -€350 | -6.5% |
| Amounts receivable within one year | 40/41 | €19,588 | €51,408 | +€31,821 | +162% |
| Trade receivables | 40 | €1,455 | €45,968 | +€44,513 | +3,060% |
| Other amounts receivable | 41 | €18,133 | €5,441 | -€12,692 | -70.0% |
| Cash at bank and in hand | 54/58 | €60,998 | €58,363 | -€2,635 | -4.3% |
| Total equity and liabilities | 10/49 | €1,199,976 | €1,291,769 | +€91,793 | +7.6% |
| Equity | 10/15 | €102,169 | €137,069 | +€34,900 | +34.2% |
| Contributions | 10/11 | €48,000 | €48,000 | = | 0.0% |
| Reserves | 13 | €42,000 | €78,000 | +€36,000 | +85.7% |
| Distributable reserves | 133 | €42,000 | €78,000 | +€36,000 | +85.7% |
| Profit (loss) carried forward | 14 | €12,169 | €11,069 | -€1,100 | -9.0% |
| Provisions and deferred taxes | 16 | €288,241 | €289,336 | +€1,096 | +0.4% |
| Provisions for liabilities and charges | 160/5 | €288,241 | €289,336 | +€1,096 | +0.4% |
| Environmental obligations | 163 | €288,241 | €289,336 | +€1,096 | +0.4% |
| Amounts payable | 17/49 | €809,567 | €865,363 | +€55,796 | +6.9% |
| Amounts payable after more than one year | 17 | €484,622 | €604,706 | +€120,083 | +24.8% |
| Financial debts | 170/4 | €484,622 | €604,706 | +€120,083 | +24.8% |
| Amounts payable within one year | 42/48 | €324,945 | €256,795 | -€68,150 | -21.0% |
| Current portion of amounts payable after more than one year | 42 | €102,001 | €125,585 | +€23,584 | +23.1% |
| Trade debts | 44 | €152,113 | €35,640 | -€116,473 | -76.6% |
| Suppliers | 440/4 | €152,113 | €35,640 | -€116,473 | -76.6% |
| Taxes, remuneration and social security | 45 | €37,178 | €40,643 | +€3,466 | +9.3% |
| Taxes | 450/3 | €11,406 | €9,266 | -€2,140 | -18.8% |
| Remuneration and social security | 454/9 | €25,771 | €31,377 | +€5,606 | +21.8% |
| Other amounts payable | 47/48 | €33,652 | €54,927 | +€21,275 | +63.2% |
| Accrued charges and deferred income | 492/3 | - | €3,863 | +€3,863 | |
| Non-recurring operating income | 76A | - | €241 | +€241 | |
| Remuneration, social security and pensions | 62 | €153,916 | €190,807 | +€36,891 | +24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,076 | €120,211 | +€41,135 | +52.0% |
| Other operating charges | 640/8 | €9,917 | €9,413 | -€504 | -5.1% |
| Non-recurring operating charges | 66A | €729 | €317 | -€411 | -56.5% |
| Gross operating margin | 9900 | €355,819 | €450,312 | +€94,493 | +26.6% |
| Operating profit (loss) | 9901 | €112,181 | €129,563 | +€17,383 | +15.5% |
| Financial income | 75/76B | €216 | €167 | -€49 | -22.7% |
| Recurring financial income | 75 | €216 | €167 | -€49 | -22.7% |
| Financial charges | 65/66B | €47,121 | €53,900 | +€6,778 | +14.4% |
| Recurring financial charges | 65 | €47,121 | €53,900 | +€6,778 | +14.4% |
| Profit (loss) for the period before taxes | 9903 | €65,276 | €75,831 | +€10,555 | +16.2% |
| Income taxes | 67/77 | €12,011 | €19,331 | +€7,319 | +60.9% |
| Profit (loss) for the period | 9904 | €53,265 | €56,500 | +€3,236 | +6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €53,265 | €56,500 | +€3,236 | +6.1% |
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 18 October 2026 via checked.be.