OZHANIFIOGLU: 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.
OZHANIFIOGLU
Largest movements
- Tangible fixed assets +€92,851
up €92,851 (+1.4%), from €6.8m to €6.9m
of which Land and buildings: +€89,906
- Debts after one year +€4.4m
up €4.4m (+196%), from €2.3m to €6.7m
of which Other amounts payable: +€2.6m
- Short-term financial debts -€2.4m
no longer reported in 2025 (was €2.4m)
- Other debts -€2.2m
no longer reported in 2025 (was €2.2m)
- Current portion of long-term debt +€146,914
up €146,914 (+68.2%), from €215,384 to €362,298
- Depreciation +€105,043
up €105,043 (+40.3%), from €260,739 to €365,782
- Financial charges +€104,845
up €104,845 (+94.6%), from €110,789 to €215,634
- Gross operating margin +€83,706
up €83,706 (+13.6%), from €616,954 to €700,660
- Other operating charges -€68,149
down €68,149 (-41.4%), from €164,708 to €96,559
- Taxes -€15,572
down €15,572 (-68.1%), from €22,857 to €7,284
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 | €7,879,897 | €7,899,273 | +€19,376 | +0.2% |
| Fixed assets | 21/28 | €6,816,866 | €6,909,717 | +€92,851 | +1.4% |
| Tangible fixed assets | 22/27 | €6,816,866 | €6,909,717 | +€92,851 | +1.4% |
| Land and buildings | 22 | €6,814,605 | €6,904,511 | +€89,906 | +1.3% |
| Furniture and vehicles | 24 | €2,261 | €5,206 | +€2,945 | +130% |
| Current assets | 29/58 | €1,063,031 | €989,556 | -€73,475 | -6.9% |
| Amounts receivable within one year | 40/41 | €560,610 | €485,019 | -€75,592 | -13.5% |
| Trade receivables | 40 | €253,525 | €465,958 | +€212,433 | +83.8% |
| Other amounts receivable | 41 | €307,086 | €19,060 | -€288,025 | -93.8% |
| Cash at bank and in hand | 54/58 | €493,121 | €494,419 | +€1,297 | +0.3% |
| Deferred charges and accrued income | 490/1 | €9,299 | €10,118 | +€819 | +8.8% |
| Total equity and liabilities | 10/49 | €7,879,897 | €7,899,273 | +€19,376 | +0.2% |
| Equity | 10/15 | €711,335 | €726,945 | +€15,610 | +2.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €492,735 | €508,345 | +€15,610 | +3.2% |
| Distributable reserves | 133 | €492,735 | €508,345 | +€15,610 | +3.2% |
| Amounts payable | 17/49 | €7,168,562 | €7,172,329 | +€3,766 | +0.1% |
| Amounts payable after more than one year | 17 | €2,262,357 | €6,691,278 | +€4.4m | +196% |
| Financial debts | 170/4 | €2,118,559 | €3,957,000 | +€1.8m | +86.8% |
| Other amounts payable | 178/9 | €143,798 | €2,734,278 | +€2.6m | +1,801% |
| Amounts payable within one year | 42/48 | €4,906,205 | €462,432 | -€4.4m | -90.6% |
| Current portion of amounts payable after more than one year | 42 | €215,384 | €362,298 | +€146,914 | +68.2% |
| Financial debts | 43 | €2,404,000 | - | -€2.4m | |
| Credit institutions | 430/8 | €2,404,000 | - | -€2.4m | |
| Trade debts | 44 | €112,718 | €90,940 | -€21,778 | -19.3% |
| Suppliers | 440/4 | €112,718 | €90,940 | -€21,778 | -19.3% |
| Taxes, remuneration and social security | 45 | €4,857 | €9,194 | +€4,338 | +89.3% |
| Taxes | 450/3 | €4,857 | €9,194 | +€4,338 | +89.3% |
| Other amounts payable | 47/48 | €2,169,248 | - | -€2.2m | |
| Accrued charges and deferred income | 492/3 | - | €18,619 | +€18,619 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €260,739 | €365,782 | +€105,043 | +40.3% |
| Other operating charges | 640/8 | €164,708 | €96,559 | -€68,149 | -41.4% |
| Gross operating margin | 9900 | €616,954 | €700,660 | +€83,706 | +13.6% |
| Operating profit (loss) | 9901 | €191,506 | €238,319 | +€46,812 | +24.4% |
| Financial income | 75/76B | €0 | €210 | +€210 | +2,098,500% |
| Recurring financial income | 75 | €0 | €210 | +€210 | +2,098,500% |
| Financial charges | 65/66B | €110,789 | €215,634 | +€104,845 | +94.6% |
| Recurring financial charges | 65 | €110,789 | €215,634 | +€104,845 | +94.6% |
| Profit (loss) for the period before taxes | 9903 | €80,717 | €22,894 | -€57,823 | -71.6% |
| Income taxes | 67/77 | €22,857 | €7,284 | -€15,572 | -68.1% |
| Profit (loss) for the period | 9904 | €57,860 | €15,610 | -€42,251 | -73.0% |
| Profit (loss) for the period to be appropriated | 9905 | €57,860 | €15,610 | -€42,251 | -73.0% |
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 14 October 2026 via checked.be.