Onghena Raphael: what changed
Two fiscal 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.
Onghena Raphael
Largest movements
- Tangible fixed assets +€5,280
up €5,280 (+3.5%), from €150,315 to €155,595
of which Plant, machinery and equipment: +€12,807
- Cash +€4,593
up €4,593 (+136.2%), from €3,373 to €7,966
mainly Other debts (+€39,614) and Depreciation (+€28,720)
- Deferred charges and accrued income +€2,892
up €2,892 (+22.1%), from €13,070 to €15,962
- Receivables within one year -€2,133
no longer reported in 2025 (was €2,133)
of which Other amounts receivable: -€1,190
- Stocks and contracts +€2,000
up €2,000 (+19.0%), from €10,500 to €12,500
- Other debts +€39,614
up €39,614 (+76.1%), from €52,050 to €91,664
- Profit (loss) carried forward -€27,820
down €27,820 (-86.1%), from -€32,297 to -€60,116
- Depreciation +€6,035
up €6,035 (+26.6%), from €22,685 to €28,720
- Gross operating margin +€3,198
up €3,198, from -€1,707 to €1,491
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.
Cash bridge derived
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 | €179,391 | €192,023 | +€12,632 | +7.0% |
| Fixed assets | 21/28 | €150,315 | €155,595 | +€5,280 | +3.5% |
| Tangible fixed assets | 22/27 | €150,315 | €155,595 | +€5,280 | +3.5% |
| Plant, machinery and equipment | 23 | €80,713 | €93,520 | +€12,807 | +15.9% |
| Furniture and vehicles | 24 | €5,246 | €2,851 | -€2,395 | -45.7% |
| Other tangible fixed assets | 26 | €64,356 | €59,224 | -€5,132 | -8.0% |
| Current assets | 29/58 | €29,076 | €36,428 | +€7,352 | +25.3% |
| Stocks and contracts in progress | 3 | €10,500 | €12,500 | +€2,000 | +19.0% |
| Stocks | 30/36 | €10,500 | €12,500 | +€2,000 | +19.0% |
| Amounts receivable within one year | 40/41 | €2,133 | - | -€2,133 | |
| Trade receivables | 40 | €943 | - | -€943 | |
| Other amounts receivable | 41 | €1,190 | - | -€1,190 | |
| Cash at bank and in hand | 54/58 | €3,373 | €7,966 | +€4,593 | +136.2% |
| Deferred charges and accrued income | 490/1 | €13,070 | €15,962 | +€2,892 | +22.1% |
| Total equity and liabilities | 10/49 | €179,391 | €192,023 | +€12,632 | +7.0% |
| Equity | 10/15 | €40,703 | €12,884 | -€27,820 | -68.3% |
| Contributions | 10/11 | €73,000 | €73,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,297 | -€60,116 | -€27,820 | -86.1% |
| Amounts payable | 17/49 | €138,688 | €179,139 | +€40,452 | +29.2% |
| Amounts payable after more than one year | 17 | €86,500 | €86,500 | = | 0.0% |
| Other amounts payable | 178/9 | €86,500 | €86,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €52,188 | €92,339 | +€40,152 | +76.9% |
| Trade debts | 44 | €138 | €97 | -€41 | -29.6% |
| Suppliers | 440/4 | €138 | €97 | -€41 | -29.6% |
| Taxes, remuneration and social security | 45 | - | €578 | +€578 | |
| Taxes | 450/3 | - | €578 | +€578 | |
| Other amounts payable | 47/48 | €52,050 | €91,664 | +€39,614 | +76.1% |
| Accrued charges and deferred income | 492/3 | - | €300 | +€300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,685 | €28,720 | +€6,035 | +26.6% |
| Other operating charges | 640/8 | €537 | €548 | +€12 | +2.1% |
| Gross operating margin | 9900 | -€1,707 | €1,491 | +€3,198 | |
| Operating profit (loss) | 9901 | -€24,929 | -€27,777 | -€2,848 | -11.4% |
| Financial income | 75/76B | €0 | €1 | +€0 | +2.0% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +2.0% |
| Financial charges | 65/66B | €35 | €43 | +€8 | +21.5% |
| Recurring financial charges | 65 | €35 | €43 | +€8 | +21.5% |
| Profit (loss) for the period before taxes | 9903 | -€24,964 | -€27,820 | -€2,856 | -11.4% |
| Profit (loss) for the period | 9904 | -€24,964 | -€27,820 | -€2,856 | -11.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,964 | -€27,820 | -€2,856 | -11.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.