LE OPA: 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.
LE OPA
Largest movements
- Cash -€19,190
down €19,190 (-67.0%), from €28,636 to €9,446
mainly Net result for the year (-€34,522) and Other debts (-€21,914)
- Receivables within one year -€8,531
down €8,531 (-22.0%), from €38,835 to €30,304
of which Other amounts receivable: -€14,953
- Stocks and contracts +€3,827
up €3,827 (+32.3%), from €11,846 to €15,673
- Deferred charges and accrued income -€2,434
down €2,434 (-19.3%), from €12,632 to €10,198
- Tangible fixed assets +€2,148
up €2,148 (+8.6%), from €24,964 to €27,113
of which Furniture and vehicles: +€4,223
- Profit (loss) carried forward -€34,522
down €34,522, from €5,586 to -€28,936
- Other debts -€21,914
down €21,914 (-98.5%), from €22,248 to €334
- Tax, wage and social debts +€21,374
up €21,374 (+216.5%), from €9,874 to €31,247
of which Remuneration and social security: +€17,793
- Accrued charges and deferred income +€7,598
up €7,598 (+352.4%), from €2,156 to €9,754
- Debts after one year +€2,631
up €2,631 (+103.0%), from €2,554 to €5,186
- Staff costs +€68,217
up €68,217 (+109.7%), from €62,183 to €130,400
- Gross operating margin +€22,375
up €22,375 (+25.8%), from €86,739 to €109,114
- Depreciation +€3,220
up €3,220 (+69.5%), from €4,631 to €7,852
- Financial charges -€1,196
down €1,196 (-25.4%), from €4,711 to €3,514
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €116,913 | €92,735 | -€24,179 | -20.7% |
| Fixed assets | 21/28 | €24,964 | €27,113 | +€2,148 | +8.6% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €24,964 | €27,113 | +€2,148 | +8.6% |
| Land and buildings | 22 | €10,941 | €8,102 | -€2,839 | -25.9% |
| Plant, machinery and equipment | 23 | €3,682 | €4,446 | +€764 | +20.7% |
| Furniture and vehicles | 24 | €10,341 | €14,565 | +€4,223 | +40.8% |
| Current assets | 29/58 | €91,949 | €65,622 | -€26,327 | -28.6% |
| Stocks and contracts in progress | 3 | €11,846 | €15,673 | +€3,827 | +32.3% |
| Stocks | 30/36 | €11,846 | €15,673 | +€3,827 | +32.3% |
| Amounts receivable within one year | 40/41 | €38,835 | €30,304 | -€8,531 | -22.0% |
| Trade receivables | 40 | - | €6,422 | +€6,422 | |
| Other amounts receivable | 41 | €38,835 | €23,882 | -€14,953 | -38.5% |
| Cash at bank and in hand | 54/58 | €28,636 | €9,446 | -€19,190 | -67.0% |
| Deferred charges and accrued income | 490/1 | €12,632 | €10,198 | -€2,434 | -19.3% |
| Total equity and liabilities | 10/49 | €116,913 | €92,735 | -€24,179 | -20.7% |
| Equity | 10/15 | €24,186 | -€10,336 | -€34,522 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,586 | -€28,936 | -€34,522 | |
| Amounts payable | 17/49 | €92,727 | €103,070 | +€10,343 | +11.2% |
| Amounts payable after more than one year | 17 | €2,554 | €5,186 | +€2,631 | +103.0% |
| Financial debts | 170/4 | €2,554 | €5,186 | +€2,631 | +103.0% |
| Amounts payable within one year | 42/48 | €88,016 | €88,131 | +€114 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €2,446 | €5,065 | +€2,619 | +107.1% |
| Trade debts | 44 | €53,449 | €51,484 | -€1,965 | -3.7% |
| Suppliers | 440/4 | €53,449 | €51,484 | -€1,965 | -3.7% |
| Taxes, remuneration and social security | 45 | €9,874 | €31,247 | +€21,374 | +216.5% |
| Taxes | 450/3 | €3,855 | €7,435 | +€3,581 | +92.9% |
| Remuneration and social security | 454/9 | €6,019 | €23,812 | +€17,793 | +295.6% |
| Other amounts payable | 47/48 | €22,248 | €334 | -€21,914 | -98.5% |
| Accrued charges and deferred income | 492/3 | €2,156 | €9,754 | +€7,598 | +352.4% |
| Remuneration, social security and pensions | 62 | €62,183 | €130,400 | +€68,217 | +109.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,631 | €7,852 | +€3,220 | +69.5% |
| Other operating charges | 640/8 | €1,993 | €1,872 | -€120 | -6.0% |
| Gross operating margin | 9900 | €86,739 | €109,114 | +€22,375 | +25.8% |
| Operating profit (loss) | 9901 | €17,932 | -€31,010 | -€48,942 | |
| Financial income | 75/76B | €495 | €3 | -€492 | -99.5% |
| Recurring financial income | 75 | €495 | €3 | -€492 | -99.5% |
| Financial charges | 65/66B | €4,711 | €3,514 | -€1,196 | -25.4% |
| Recurring financial charges | 65 | €4,711 | €3,514 | -€1,196 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €13,716 | -€34,522 | -€48,238 | |
| Income taxes | 67/77 | €512 | - | -€512 | |
| Profit (loss) for the period | 9904 | €13,204 | -€34,522 | -€47,726 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,204 | -€34,522 | -€47,726 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.