OPHTAPHIL: 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.
OPHTAPHIL
Largest movements
- Current investments +€314,045
up €314,045 (+10,492%), from €2,993 to €317,038
- Cash -€286,830
down €286,830 (-64.3%), from €446,061 to €159,232
mainly Current investments (-€314,045) and Other debts (-€71,415)
- Receivables within one year +€17,733
new in 2025: €17,733
- Tangible fixed assets +€16,997
up €16,997 (+28.1%), from €60,454 to €77,450
of which Furniture and vehicles: +€11,742
- Reserves +€126,094
up €126,094 (+27.6%), from €456,723 to €582,817
- Other debts -€71,415
down €71,415 (-46.3%), from €154,307 to €82,892
- Gross operating margin -€31,628
down €31,628 (-14.0%), from €225,603 to €193,975
- Depreciation +€20,502
up €20,502 (+416%), from €4,931 to €25,433
- Taxes -€12,819
down €12,819 (-18.6%), from €68,879 to €56,059
- Financial income +€9,499
up €9,499 (+85.2%), from €11,144 to €20,643
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 | €738,333 | €798,139 | +€59,806 | +8.1% |
| Fixed assets | 21/28 | €60,454 | €77,450 | +€16,997 | +28.1% |
| Tangible fixed assets | 22/27 | €60,454 | €77,450 | +€16,997 | +28.1% |
| Land and buildings | 22 | - | €2,305 | +€2,305 | |
| Plant, machinery and equipment | 23 | €45,657 | €50,328 | +€4,671 | +10.2% |
| Furniture and vehicles | 24 | - | €11,742 | +€11,742 | |
| Other tangible fixed assets | 26 | €14,796 | €13,075 | -€1,721 | -11.6% |
| Current assets | 29/58 | €677,879 | €720,688 | +€42,809 | +6.3% |
| Amounts receivable after more than one year | 29 | €220,000 | €220,000 | = | 0.0% |
| Trade receivables | 290 | €220,000 | - | -€220,000 | |
| Other amounts receivable | 291 | - | €220,000 | +€220,000 | |
| Amounts receivable within one year | 40/41 | - | €17,733 | +€17,733 | |
| Other amounts receivable | 41 | - | €17,733 | +€17,733 | |
| Current investments | 50/53 | €2,993 | €317,038 | +€314,045 | +10,492% |
| Cash at bank and in hand | 54/58 | €446,061 | €159,232 | -€286,830 | -64.3% |
| Deferred charges and accrued income | 490/1 | €8,825 | €6,685 | -€2,139 | -24.2% |
| Total equity and liabilities | 10/49 | €738,333 | €798,139 | +€59,806 | +8.1% |
| Equity | 10/15 | €549,723 | €675,817 | +€126,094 | +22.9% |
| Contributions | 10/11 | €93,000 | €93,000 | = | 0.0% |
| Reserves | 13 | €456,723 | €582,817 | +€126,094 | +27.6% |
| Distributable reserves | 133 | €456,723 | €582,817 | +€126,094 | +27.6% |
| Amounts payable | 17/49 | €188,609 | €122,321 | -€66,288 | -35.1% |
| Amounts payable within one year | 42/48 | €184,348 | €116,000 | -€68,349 | -37.1% |
| Trade debts | 44 | €1,497 | €1,620 | +€123 | +8.2% |
| Suppliers | 440/4 | €1,497 | €1,620 | +€123 | +8.2% |
| Taxes, remuneration and social security | 45 | €28,545 | €31,488 | +€2,943 | +10.3% |
| Taxes | 450/3 | €28,545 | €31,488 | +€2,943 | +10.3% |
| Other amounts payable | 47/48 | €154,307 | €82,892 | -€71,415 | -46.3% |
| Accrued charges and deferred income | 492/3 | €4,261 | €6,322 | +€2,061 | +48.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,931 | €25,433 | +€20,502 | +416% |
| Gross operating margin | 9900 | €225,603 | €193,975 | -€31,628 | -14.0% |
| Operating profit (loss) | 9901 | €220,672 | €168,542 | -€52,130 | -23.6% |
| Financial income | 75/76B | €11,144 | €20,643 | +€9,499 | +85.2% |
| Recurring financial income | 75 | €11,144 | €20,643 | +€9,499 | +85.2% |
| Financial charges | 65/66B | €6,245 | €7,032 | +€787 | +12.6% |
| Recurring financial charges | 65 | €6,245 | €7,032 | +€787 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | €225,572 | €182,153 | -€43,418 | -19.2% |
| Income taxes | 67/77 | €68,879 | €56,059 | -€12,819 | -18.6% |
| Profit (loss) for the period | 9904 | €156,693 | €126,094 | -€30,599 | -19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €156,693 | €126,094 | -€30,599 | -19.5% |
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 19 October 2026 via checked.be.