Ofina: 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.
Ofina
Largest movements
- Tangible fixed assets +€652,719
new in 2025: €652,719
of which Land and buildings: +€541,981
- Cash +€109,801
up €109,801 (+3,045%), from €3,606 to €113,407
mainly Debts after one year (+€717,664) and Contributions, distributions and other (+€130,000)
- Receivables within one year +€65,253
new in 2025: €65,253
of which Other amounts receivable: +€60,413
- Intangible fixed assets +€45,000
new in 2025: €45,000
- Debts after one year +€717,664
up €717,664 (+14,353%), from €5,000 to €722,664
of which Financial debts: +€613,283
- Contributions +€130,000
up €130,000 (+8,667%), from €1,500 to €131,500
- Current portion of long-term debt +€16,717
new in 2025: €16,717
- Profit (loss) carried forward -€12,478
new in 2025: -€12,478
- Trade debts +€10,900
up €10,900 (+142%), from €7,663 to €18,563
- Gross operating margin +€84,606
up €84,606 (+986%), from €8,581 to €93,187
- Depreciation +€81,966
new in 2025: €81,966
- Financial charges +€19,365
up €19,365 (+800,198%), from €2 to €19,367
- Taxes -€1,390
down €1,390 (-81.0%), from €1,716 to €326
- Other operating charges +€1,297
new in 2025: €1,297
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 | €23,951 | €898,387 | +€874,436 | +3,651% |
| Fixed assets | 21/28 | - | €699,623 | +€699,623 | |
| Intangible fixed assets | 21 | - | €45,000 | +€45,000 | |
| Tangible fixed assets | 22/27 | - | €652,719 | +€652,719 | |
| Land and buildings | 22 | - | €541,981 | +€541,981 | |
| Plant, machinery and equipment | 23 | - | €4,620 | +€4,620 | |
| Furniture and vehicles | 24 | - | €81,709 | +€81,709 | |
| Other tangible fixed assets | 26 | - | €24,410 | +€24,410 | |
| Financial fixed assets | 28 | - | €1,904 | +€1,904 | |
| Current assets | 29/58 | €23,951 | €198,764 | +€174,813 | +730% |
| Amounts receivable within one year | 40/41 | - | €65,253 | +€65,253 | |
| Trade receivables | 40 | - | €4,840 | +€4,840 | |
| Other amounts receivable | 41 | - | €60,413 | +€60,413 | |
| Cash at bank and in hand | 54/58 | €3,606 | €113,407 | +€109,801 | +3,045% |
| Deferred charges and accrued income | 490/1 | €20,345 | €20,103 | -€242 | -1.2% |
| Total equity and liabilities | 10/49 | €23,951 | €898,387 | +€874,436 | +3,651% |
| Equity | 10/15 | €8,363 | €125,885 | +€117,522 | +1,405% |
| Contributions | 10/11 | €1,500 | €131,500 | +€130,000 | +8,667% |
| Reserves | 13 | €6,863 | €6,863 | = | 0.0% |
| Distributable reserves | 133 | €6,863 | €6,863 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€12,478 | -€12,478 | |
| Amounts payable | 17/49 | €15,588 | €772,502 | +€756,914 | +4,856% |
| Amounts payable after more than one year | 17 | €5,000 | €722,664 | +€717,664 | +14,353% |
| Financial debts | 170/4 | - | €613,283 | +€613,283 | |
| Other amounts payable | 178/9 | €5,000 | €109,382 | +€104,382 | +2,088% |
| Amounts payable within one year | 42/48 | €9,379 | €41,732 | +€32,353 | +345% |
| Current portion of amounts payable after more than one year | 42 | - | €16,717 | +€16,717 | |
| Trade debts | 44 | €7,663 | €18,563 | +€10,900 | +142% |
| Suppliers | 440/4 | €7,663 | €18,563 | +€10,900 | +142% |
| Taxes, remuneration and social security | 45 | €1,716 | €6,452 | +€4,736 | +276% |
| Taxes | 450/3 | €1,716 | €6,452 | +€4,736 | +276% |
| Accrued charges and deferred income | 492/3 | €1,209 | €8,106 | +€6,897 | +570% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €81,966 | +€81,966 | |
| Other operating charges | 640/8 | - | €1,297 | +€1,297 | |
| Non-recurring operating charges | 66A | - | €3,005 | +€3,005 | |
| Gross operating margin | 9900 | €8,581 | €93,187 | +€84,606 | +986% |
| Operating profit (loss) | 9901 | €8,581 | €6,919 | -€1,662 | -19.4% |
| Financial income | 75/76B | - | €296 | +€296 | |
| Recurring financial income | 75 | - | €296 | +€296 | |
| Financial charges | 65/66B | €2 | €19,367 | +€19,365 | +800,198% |
| Recurring financial charges | 65 | €2 | €19,367 | +€19,365 | +800,198% |
| Profit (loss) for the period before taxes | 9903 | €8,579 | -€12,152 | -€20,731 | |
| Income taxes | 67/77 | €1,716 | €326 | -€1,390 | -81.0% |
| Profit (loss) for the period | 9904 | €6,863 | -€12,478 | -€19,341 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,863 | -€12,478 | -€19,341 |
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 18 October 2026 via checked.be.