FIRST OPPORTUNITY: 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.
FIRST OPPORTUNITY
Largest movements
- Receivables within one year -€12,554
down €12,554 (-77.3%), from €16,238 to €3,684
of which Other amounts receivable: -€8,126
- Tangible fixed assets -€10,491
down €10,491 (-30.1%), from €34,821 to €24,330
of which Furniture and vehicles: -€10,135
- Profit (loss) carried forward -€27,287
down €27,287 (-18.8%), from -€145,288 to -€172,574
- Tax, wage and social debts +€4,139
up €4,139 (+69.6%), from €5,944 to €10,083
of which Remuneration and social security: +€2,981
- Gross operating margin +€22,511
up €22,511, from -€5,117 to €17,394
- Staff costs +€1,639
up €1,639 (+5.2%), from €31,389 to €33,028
- Other operating charges -€821
down €821 (-47.0%), from €1,748 to €926
- Depreciation +€326
up €326 (+3.2%), from €10,165 to €10,491
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 | €51,447 | €28,027 | -€23,420 | -45.5% |
| Fixed assets | 21/28 | €34,821 | €24,330 | -€10,491 | -30.1% |
| Tangible fixed assets | 22/27 | €34,821 | €24,330 | -€10,491 | -30.1% |
| Plant, machinery and equipment | 23 | €1,038 | €682 | -€356 | -34.3% |
| Furniture and vehicles | 24 | €33,783 | €23,648 | -€10,135 | -30.0% |
| Current assets | 29/58 | €16,626 | €3,697 | -€12,929 | -77.8% |
| Amounts receivable within one year | 40/41 | €16,238 | €3,684 | -€12,554 | -77.3% |
| Trade receivables | 40 | €7,139 | €2,710 | -€4,428 | -62.0% |
| Other amounts receivable | 41 | €9,099 | €974 | -€8,126 | -89.3% |
| Cash at bank and in hand | 54/58 | €388 | €13 | -€375 | -96.6% |
| Total equity and liabilities | 10/49 | €51,447 | €28,027 | -€23,420 | -45.5% |
| Equity | 10/15 | -€131,228 | -€158,514 | -€27,287 | -20.8% |
| Contributions | 10/11 | €12,200 | €12,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€145,288 | -€172,574 | -€27,287 | -18.8% |
| Amounts payable | 17/49 | €182,675 | €186,541 | +€3,867 | +2.1% |
| Amounts payable within one year | 42/48 | €182,675 | €186,541 | +€3,867 | +2.1% |
| Trade debts | 44 | €298 | €227 | -€71 | -23.9% |
| Suppliers | 440/4 | €298 | €227 | -€71 | -23.9% |
| Taxes, remuneration and social security | 45 | €5,944 | €10,083 | +€4,139 | +69.6% |
| Taxes | 450/3 | €113 | €1,271 | +€1,158 | +1,022% |
| Remuneration and social security | 454/9 | €5,831 | €8,812 | +€2,981 | +51.1% |
| Other amounts payable | 47/48 | €176,433 | €176,232 | -€201 | -0.1% |
| Remuneration, social security and pensions | 62 | €31,389 | €33,028 | +€1,639 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,165 | €10,491 | +€326 | +3.2% |
| Other operating charges | 640/8 | €1,748 | €926 | -€821 | -47.0% |
| Gross operating margin | 9900 | -€5,117 | €17,394 | +€22,511 | |
| Operating profit (loss) | 9901 | -€48,418 | -€27,051 | +€21,367 | +44.1% |
| Financial charges | 65/66B | €60 | €59 | -€1 | -1.5% |
| Recurring financial charges | 65 | €60 | €59 | -€1 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | -€48,478 | -€27,110 | +€21,368 | +44.1% |
| Income taxes | 67/77 | €74 | €176 | +€102 | +138% |
| Profit (loss) for the period | 9904 | -€48,552 | -€27,287 | +€21,266 | +43.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,552 | -€27,287 | +€21,266 | +43.8% |
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 15 October 2026 via checked.be.