VALUE OPHTA: 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.
VALUE OPHTA
Largest movements
- Cash +€63,697
up €63,697 (+113.2%), from €56,291 to €119,987
mainly Net result for the year (+€219,925) and Other debts (+€54,930)
- Deferred charges and accrued income +€26,049
up €26,049 (+1641.0%), from €1,587 to €27,637
- Receivables within one year -€14,819
down €14,819 (-18.9%), from €78,346 to €63,527
of which Trade receivables: -€18,346
- Tangible fixed assets -€3,843
down €3,843 (-3.8%), from €100,818 to €96,975
of which Plant, machinery and equipment: -€4,000
- Other debts +€54,930
up €54,930 (+44.2%), from €124,329 to €179,259
- Tax, wage and social debts +€42,517
up €42,517 (+71.1%), from €59,823 to €102,340
of which Taxes: +€45,867
- Profit (loss) carried forward -€10,075
down €10,075 (-63.5%), from €15,864 to €5,789
- Current portion of long-term debt -€8,177
no longer reported in 2025 (was €8,177)
- Trade debts -€8,111
down €8,111 (-95.8%), from €8,464 to €352
- Gross operating margin +€59,060
up €59,060 (+22.8%), from €259,086 to €318,145
- Taxes +€11,367
up €11,367 (+20.1%), from €56,473 to €67,840
- Depreciation +€9,275
up €9,275 (+48.8%), from €19,022 to €28,296
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 | €237,116 | €308,201 | +€71,084 | +30.0% |
| Fixed assets | 21/28 | €100,893 | €97,050 | -€3,843 | -3.8% |
| Tangible fixed assets | 22/27 | €100,818 | €96,975 | -€3,843 | -3.8% |
| Land and buildings | 22 | €23,746 | €22,133 | -€1,613 | -6.8% |
| Plant, machinery and equipment | 23 | €16,000 | €12,000 | -€4,000 | -25.0% |
| Furniture and vehicles | 24 | €61,071 | €59,395 | -€1,676 | -2.7% |
| Other tangible fixed assets | 26 | - | €3,447 | +€3,447 | |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €136,224 | €211,151 | +€74,927 | +55.0% |
| Amounts receivable within one year | 40/41 | €78,346 | €63,527 | -€14,819 | -18.9% |
| Trade receivables | 40 | €18,346 | - | -€18,346 | |
| Other amounts receivable | 41 | €60,000 | €63,527 | +€3,527 | +5.9% |
| Cash at bank and in hand | 54/58 | €56,291 | €119,987 | +€63,697 | +113.2% |
| Deferred charges and accrued income | 490/1 | €1,587 | €27,637 | +€26,049 | +1641.0% |
| Total equity and liabilities | 10/49 | €237,116 | €308,201 | +€71,084 | +30.0% |
| Equity | 10/15 | €36,324 | €26,249 | -€10,075 | -27.7% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,864 | €5,789 | -€10,075 | -63.5% |
| Amounts payable | 17/49 | €200,793 | €281,952 | +€81,159 | +40.4% |
| Amounts payable within one year | 42/48 | €200,793 | €281,952 | +€81,159 | +40.4% |
| Current portion of amounts payable after more than one year | 42 | €8,177 | - | -€8,177 | |
| Trade debts | 44 | €8,464 | €352 | -€8,111 | -95.8% |
| Suppliers | 440/4 | €8,464 | €352 | -€8,111 | -95.8% |
| Taxes, remuneration and social security | 45 | €59,823 | €102,340 | +€42,517 | +71.1% |
| Taxes | 450/3 | €56,473 | €102,340 | +€45,867 | +81.2% |
| Remuneration and social security | 454/9 | €3,350 | - | -€3,350 | |
| Other amounts payable | 47/48 | €124,329 | €179,259 | +€54,930 | +44.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,022 | €28,296 | +€9,275 | +48.8% |
| Other operating charges | 640/8 | €1,305 | €1,980 | +€675 | +51.7% |
| Gross operating margin | 9900 | €259,086 | €318,145 | +€59,060 | +22.8% |
| Operating profit (loss) | 9901 | €238,759 | €287,869 | +€49,110 | +20.6% |
| Financial income | 75/76B | €40 | €42 | +€1 | +2.5% |
| Recurring financial income | 75 | €40 | €42 | +€1 | +2.5% |
| Financial charges | 65/66B | €360 | €144 | -€215 | -59.8% |
| Recurring financial charges | 65 | €360 | €144 | -€215 | -59.8% |
| Profit (loss) for the period before taxes | 9903 | €238,440 | €287,766 | +€49,326 | +20.7% |
| Income taxes | 67/77 | €56,473 | €67,840 | +€11,367 | +20.1% |
| Profit (loss) for the period | 9904 | €181,966 | €219,925 | +€37,959 | +20.9% |
| Profit (loss) for the period to be appropriated | 9905 | €181,966 | €219,925 | +€37,959 | +20.9% |
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 4 October 2026 via checked.be.