Acer Opalus: 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.
What changed
Acer Opalus
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€299,046
2024 · -€354,659+€55,613
Equity
€1.6m
2024 · €1.9m-€299,046
Cash
€244,628
2024 · €82,789+€161,840
Balance sheet total
€24.6m
2024 · €25.1m-€440,270
Largest movements
Assets
- Tangible fixed assets -€715,644
down €715,644 (-2.9%), from €24.5m to €23.8m
Equity and liabilities
- Trade debts +€502,178
up €502,178 (+339.5%), from €147,930 to €650,108
- Current portion of long-term debt -€500,000
down €500,000 (-2.4%), from €21.0m to €20.5m
- Other debts -€301,397
down €301,397 (-16.0%), from €1.9m to €1.6m
- Profit (loss) carried forward -€299,046
down €299,046 (-13.8%), from -€2.2m to -€2.5m
Income statement
- Financial charges -€500,963
down €500,963 (-34.6%), from €1.4m to €947,069
- Gross operating margin -€452,079
down €452,079 (-24.9%), from €1.8m to €1.4m
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.
Result 2024
-€354,659
Gross operating margin
-€452,079
Other operating charges
+€3,102
Financial income
+€3,627
Financial charges
+€500,963
Result 2025
-€299,046
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.
From operations
+€611,957
Investment
€0
Financing
-€450,118
Cash 2024
€82,789
From operations (derived)
+€611,957
Net result for the year
-€299,046
Depreciation
+€715,644
Receivables within one year
-€141,040
Deferred charges and accrued income
+€27,506
Trade debts
+€502,178
Advances received
+€94,899
Other debts
-€301,397
Accrued charges and deferred income
+€13,213
Financing
-€450,118
Debts after one year
+€49,882
Current portion of long-term debt
-€500,000
Cash 2025
€244,628
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,078,081 | €24,637,811 | -€440,270 | -1.8% |
| Fixed assets | 21/28 | €24,473,948 | €23,758,304 | -€715,644 | -2.9% |
| Tangible fixed assets | 22/27 | €24,473,948 | €23,758,304 | -€715,644 | -2.9% |
| Land and buildings | 22 | €24,473,948 | €23,758,304 | -€715,644 | -2.9% |
| Current assets | 29/58 | €604,133 | €879,507 | +€275,374 | +45.6% |
| Amounts receivable within one year | 40/41 | €129,757 | €270,796 | +€141,040 | +108.7% |
| Trade receivables | 40 | €111,027 | €223,202 | +€112,175 | +101.0% |
| Other amounts receivable | 41 | €18,729 | €47,595 | +€28,865 | +154.1% |
| Cash at bank and in hand | 54/58 | €82,789 | €244,628 | +€161,840 | +195.5% |
| Deferred charges and accrued income | 490/1 | €391,588 | €364,082 | -€27,506 | -7.0% |
| Total equity and liabilities | 10/49 | €25,078,081 | €24,637,811 | -€440,270 | -1.8% |
| Equity | 10/15 | €1,927,985 | €1,628,939 | -€299,046 | -15.5% |
| Contributions | 10/11 | €4,092,000 | €4,092,000 | = | 0.0% |
| Capital | 10 | €4,092,000 | €4,092,000 | = | 0.0% |
| Issued capital | 100 | €4,092,000 | €4,092,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,170,215 | -€2,469,261 | -€299,046 | -13.8% |
| Amounts payable | 17/49 | €23,150,096 | €23,008,871 | -€141,224 | -0.6% |
| Amounts payable after more than one year | 17 | €81,560 | €131,442 | +€49,882 | +61.2% |
| Other amounts payable | 178/9 | €81,560 | €131,442 | +€49,882 | +61.2% |
| Amounts payable within one year | 42/48 | €23,052,449 | €22,848,129 | -€204,320 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €21,017,000 | €20,517,000 | -€500,000 | -2.4% |
| Trade debts | 44 | €147,930 | €650,108 | +€502,178 | +339.5% |
| Suppliers | 440/4 | €147,930 | €650,108 | +€502,178 | +339.5% |
| Advances received on contracts in progress | 46 | - | €94,899 | +€94,899 | |
| Other amounts payable | 47/48 | €1,887,519 | €1,586,123 | -€301,397 | -16.0% |
| Accrued charges and deferred income | 492/3 | €16,087 | €29,300 | +€13,213 | +82.1% |
| Non-recurring operating income | 76A | €373,508 | - | -€373,508 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €715,644 | €715,644 | = | 0.0% |
| Other operating charges | 640/8 | €3,247 | €144 | -€3,102 | -95.6% |
| Gross operating margin | 9900 | €1,812,264 | €1,360,185 | -€452,079 | -24.9% |
| Operating profit (loss) | 9901 | €1,093,373 | €644,396 | -€448,976 | -41.1% |
| Financial income | 75/76B | €0 | €3,627 | +€3,627 | +36270900.0% |
| Recurring financial income | 75 | €0 | €3,627 | +€3,627 | +36270900.0% |
| Financial charges | 65/66B | €1,448,032 | €947,069 | -€500,963 | -34.6% |
| Recurring financial charges | 65 | €1,448,032 | €947,069 | -€500,963 | -34.6% |
| Profit (loss) for the period before taxes | 9903 | -€354,659 | -€299,046 | +€55,613 | +15.7% |
| Profit (loss) for the period | 9904 | -€354,659 | -€299,046 | +€55,613 | +15.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€354,659 | -€299,046 | +€55,613 | +15.7% |
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.