OPHTACHIR: 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.
OPHTACHIR
Largest movements
- Cash -€37,543
down €37,543 (-50.7%), from €74,016 to €36,473
mainly Contributions, distributions and other (-€51,000) and Deferred charges and accrued income (-€30,512)
- Deferred charges and accrued income +€30,512
up €30,512 (+160%), from €19,062 to €49,573
- Current investments -€19,537
down €19,537 (-3.5%), from €553,944 to €534,408
- Other debts -€30,180
down €30,180 (-48.3%), from €62,496 to €32,316
- Reserves +€11,166
up €11,166 (+3.8%), from €295,553 to €306,719
- Gross operating margin -€13,634
down €13,634 (-10.5%), from €129,955 to €116,321
- Taxes +€5,624
up €5,624 (+13.8%), from €40,766 to €46,389
- Other operating charges -€2,907
down €2,907 (-62.4%), from €4,660 to €1,753
- Depreciation +€2,347
up €2,347 (+22.3%), from €10,531 to €12,878
- Financial charges +€1,676
up €1,676 (+167%), from €1,003 to €2,679
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 | €704,693 | €683,045 | -€21,648 | -3.1% |
| Fixed assets | 21/28 | €57,324 | €61,407 | +€4,083 | +7.1% |
| Tangible fixed assets | 22/27 | €22,392 | €26,476 | +€4,083 | +18.2% |
| Plant, machinery and equipment | 23 | €13,144 | €20,762 | +€7,619 | +58.0% |
| Furniture and vehicles | 24 | €9,249 | €5,714 | -€3,535 | -38.2% |
| Financial fixed assets | 28 | €34,931 | €34,931 | = | 0.0% |
| Current assets | 29/58 | €647,369 | €621,638 | -€25,731 | -4.0% |
| Amounts receivable within one year | 40/41 | €347 | €1,184 | +€837 | +241% |
| Trade receivables | 40 | - | €1,184 | +€1,184 | |
| Other amounts receivable | 41 | €347 | €0 | -€347 | -100% |
| Current investments | 50/53 | €553,944 | €534,408 | -€19,537 | -3.5% |
| Cash at bank and in hand | 54/58 | €74,016 | €36,473 | -€37,543 | -50.7% |
| Deferred charges and accrued income | 490/1 | €19,062 | €49,573 | +€30,512 | +160% |
| Total equity and liabilities | 10/49 | €704,693 | €683,045 | -€21,648 | -3.1% |
| Equity | 10/15 | €611,253 | €622,419 | +€11,166 | +1.8% |
| Contributions | 10/11 | €315,700 | €315,700 | = | 0.0% |
| Reserves | 13 | €295,553 | €306,719 | +€11,166 | +3.8% |
| Distributable reserves | 133 | €295,553 | €306,719 | +€11,166 | +3.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €93,440 | €60,626 | -€32,814 | -35.1% |
| Amounts payable within one year | 42/48 | €93,440 | €60,172 | -€33,267 | -35.6% |
| Financial debts | 43 | €7,940 | €9,672 | +€1,732 | +21.8% |
| Credit institutions | 430/8 | €7,940 | €9,672 | +€1,732 | +21.8% |
| Trade debts | 44 | €766 | €0 | -€766 | -100% |
| Suppliers | 440/4 | €766 | €0 | -€766 | -100% |
| Taxes, remuneration and social security | 45 | €22,237 | €18,183 | -€4,054 | -18.2% |
| Taxes | 450/3 | €22,237 | €18,183 | -€4,054 | -18.2% |
| Other amounts payable | 47/48 | €62,496 | €32,316 | -€30,180 | -48.3% |
| Accrued charges and deferred income | 492/3 | - | €454 | +€454 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,531 | €12,878 | +€2,347 | +22.3% |
| Other operating charges | 640/8 | €4,660 | €1,753 | -€2,907 | -62.4% |
| Gross operating margin | 9900 | €129,955 | €116,321 | -€13,634 | -10.5% |
| Operating profit (loss) | 9901 | €114,764 | €101,690 | -€13,074 | -11.4% |
| Financial income | 75/76B | €9,758 | €9,544 | -€214 | -2.2% |
| Recurring financial income | 75 | €9,758 | €9,544 | -€214 | -2.2% |
| Financial charges | 65/66B | €1,003 | €2,679 | +€1,676 | +167% |
| Recurring financial charges | 65 | €1,003 | €2,679 | +€1,676 | +167% |
| Profit (loss) for the period before taxes | 9903 | €123,519 | €108,555 | -€14,964 | -12.1% |
| Income taxes | 67/77 | €40,766 | €46,389 | +€5,624 | +13.8% |
| Profit (loss) for the period | 9904 | €82,753 | €62,166 | -€20,587 | -24.9% |
| Profit (loss) for the period to be appropriated | 9905 | €82,753 | €62,166 | -€20,587 | -24.9% |
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 27 October 2026 via checked.be.