OPHTACARD: 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.
OPHTACARD
Largest movements
- Current investments +€43,200
up €43,200 (+81.4%), from €53,078 to €96,278
- Cash +€33,300
up €33,300 (+11.5%), from €289,153 to €322,453
mainly Net result for the year (+€184,556) and Depreciation (+€45,414)
- Tangible fixed assets -€30,083
down €30,083 (-15.8%), from €190,944 to €160,861
of which Land and buildings: -€19,225
- Deferred charges and accrued income +€21,761
up €21,761 (+14.3%), from €152,351 to €174,112
- Receivables within one year +€18,560
new in 2025: €18,560
- Reserves +€113,127
up €113,127 (+18.7%), from €604,000 to €717,127
- Tax, wage and social debts -€31,222
down €31,222 (-62.1%), from €50,260 to €19,037
of which Taxes: -€24,843
- Gross operating margin -€125,314
down €125,314 (-24.5%), from €510,803 to €385,489
- Taxes -€37,424
down €37,424 (-35.9%), from €104,370 to €66,947
- Staff costs +€7,467
up €7,467 (+9.6%), from €77,981 to €85,448
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 | €693,965 | €772,799 | +€78,834 | +11.4% |
| Fixed assets | 21/28 | €199,383 | €161,396 | -€37,987 | -19.1% |
| Intangible fixed assets | 21 | €680 | €535 | -€145 | -21.3% |
| Tangible fixed assets | 22/27 | €190,944 | €160,861 | -€30,083 | -15.8% |
| Land and buildings | 22 | €96,283 | €77,058 | -€19,225 | -20.0% |
| Furniture and vehicles | 24 | €53,597 | €48,968 | -€4,628 | -8.6% |
| Other tangible fixed assets | 26 | €41,064 | €34,835 | -€6,229 | -15.2% |
| Financial fixed assets | 28 | €7,759 | - | -€7,759 | |
| Current assets | 29/58 | €494,582 | €611,402 | +€116,821 | +23.6% |
| Amounts receivable within one year | 40/41 | - | €18,560 | +€18,560 | |
| Other amounts receivable | 41 | - | €18,560 | +€18,560 | |
| Current investments | 50/53 | €53,078 | €96,278 | +€43,200 | +81.4% |
| Cash at bank and in hand | 54/58 | €289,153 | €322,453 | +€33,300 | +11.5% |
| Deferred charges and accrued income | 490/1 | €152,351 | €174,112 | +€21,761 | +14.3% |
| Total equity and liabilities | 10/49 | €693,965 | €772,799 | +€78,834 | +11.4% |
| Equity | 10/15 | €630,473 | €742,443 | +€111,970 | +17.8% |
| Contributions | 10/11 | €18,010 | €18,010 | = | 0.0% |
| Contributions outside capital | 11 | €18,010 | €18,010 | = | 0.0% |
| Other | 1109/19 | €18,010 | €18,010 | = | 0.0% |
| Reserves | 13 | €604,000 | €717,127 | +€113,127 | +18.7% |
| Distributable reserves | 133 | €604,000 | €717,127 | +€113,127 | +18.7% |
| Profit (loss) carried forward | 14 | €360 | €360 | = | 0.0% |
| Investment grants | 15 | €8,103 | €6,945 | -€1,158 | -14.3% |
| Amounts payable | 17/49 | €63,492 | €30,356 | -€33,136 | -52.2% |
| Amounts payable within one year | 42/48 | €63,492 | €29,716 | -€33,776 | -53.2% |
| Current portion of amounts payable after more than one year | 42 | €2,798 | - | -€2,798 | |
| Financial debts | 43 | €338 | €814 | +€475 | +140% |
| Credit institutions | 430/8 | €338 | €814 | +€475 | +140% |
| Trade debts | 44 | €6,528 | €5,049 | -€1,478 | -22.6% |
| Suppliers | 440/4 | €6,528 | €5,049 | -€1,478 | -22.6% |
| Taxes, remuneration and social security | 45 | €50,260 | €19,037 | -€31,222 | -62.1% |
| Taxes | 450/3 | €39,130 | €14,288 | -€24,843 | -63.5% |
| Remuneration and social security | 454/9 | €11,129 | €4,749 | -€6,380 | -57.3% |
| Other amounts payable | 47/48 | €3,568 | €4,816 | +€1,247 | +35.0% |
| Accrued charges and deferred income | 492/3 | - | €640 | +€640 | |
| Remuneration, social security and pensions | 62 | €77,981 | €85,448 | +€7,467 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,169 | €45,414 | +€1,246 | +2.8% |
| Other operating charges | 640/8 | €3,255 | €4,490 | +€1,235 | +37.9% |
| Gross operating margin | 9900 | €510,803 | €385,489 | -€125,314 | -24.5% |
| Operating profit (loss) | 9901 | €385,398 | €250,136 | -€135,262 | -35.1% |
| Financial income | 75/76B | €2,623 | €3,454 | +€832 | +31.7% |
| Recurring financial income | 75 | €2,623 | €3,454 | +€832 | +31.7% |
| Financial charges | 65/66B | €1,960 | €2,089 | +€129 | +6.6% |
| Recurring financial charges | 65 | €1,960 | €2,089 | +€129 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | €386,061 | €251,502 | -€134,559 | -34.9% |
| Income taxes | 67/77 | €104,370 | €66,947 | -€37,424 | -35.9% |
| Profit (loss) for the period | 9904 | €281,691 | €184,556 | -€97,135 | -34.5% |
| Profit (loss) for the period to be appropriated | 9905 | €281,691 | €184,556 | -€97,135 | -34.5% |
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 24 October 2026 via checked.be.