M-C OPALE: 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.
M-C OPALE
Largest movements
- Receivables within one year -€54,941
down €54,941 (-73.5%), from €74,710 to €19,769
- Tangible fixed assets -€21,228
down €21,228 (-2.2%), from €957,194 to €935,966
of which Land and buildings: -€20,846
- Profit (loss) carried forward -€80,246
down €80,246 (-63.2%), from -€126,964 to -€207,210
- Depreciation +€17,918
up €17,918 (+29.9%), from €59,873 to €77,791
- Gross operating margin +€7,924
up €7,924, from -€4,795 to €3,129
- Other operating charges -€1,268
down €1,268 (-20.0%), from €6,347 to €5,078
- Financial charges +€592
up €592 (+314%), from €189 to €781
- Financial income +€240
up €240 (+658%), from €36 to €276
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 | €1,308,425 | €1,240,188 | -€68,238 | -5.2% |
| Fixed assets | 21/28 | €957,194 | €935,966 | -€21,228 | -2.2% |
| Tangible fixed assets | 22/27 | €957,194 | €935,966 | -€21,228 | -2.2% |
| Land and buildings | 22 | €956,202 | €935,356 | -€20,846 | -2.2% |
| Plant, machinery and equipment | 23 | €797 | €611 | -€187 | -23.4% |
| Furniture and vehicles | 24 | €195 | €0 | -€195 | -100% |
| Current assets | 29/58 | €351,231 | €304,221 | -€47,010 | -13.4% |
| Amounts receivable within one year | 40/41 | €74,710 | €19,769 | -€54,941 | -73.5% |
| Other amounts receivable | 41 | €74,710 | €19,769 | -€54,941 | -73.5% |
| Cash at bank and in hand | 54/58 | €276,020 | €283,842 | +€7,822 | +2.8% |
| Deferred charges and accrued income | 490/1 | €501 | €611 | +€110 | +21.9% |
| Total equity and liabilities | 10/49 | €1,308,425 | €1,240,188 | -€68,238 | -5.2% |
| Equity | 10/15 | €801,636 | €721,390 | -€80,246 | -10.0% |
| Contributions | 10/11 | €928,600 | €928,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€126,964 | -€207,210 | -€80,246 | -63.2% |
| Amounts payable | 17/49 | €506,789 | €518,797 | +€12,008 | +2.4% |
| Amounts payable within one year | 42/48 | €506,569 | €518,577 | +€12,008 | +2.4% |
| Trade debts | 44 | €7,447 | €5,031 | -€2,416 | -32.4% |
| Suppliers | 440/4 | €7,447 | €5,031 | -€2,416 | -32.4% |
| Advances received on contracts in progress | 46 | €8,107 | €18,812 | +€10,705 | +132% |
| Taxes, remuneration and social security | 45 | €812 | €3,198 | +€2,386 | +294% |
| Taxes | 450/3 | €812 | €3,198 | +€2,386 | +294% |
| Other amounts payable | 47/48 | €490,203 | €491,536 | +€1,333 | +0.3% |
| Accrued charges and deferred income | 492/3 | €220 | €220 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,873 | €77,791 | +€17,918 | +29.9% |
| Other operating charges | 640/8 | €6,347 | €5,078 | -€1,268 | -20.0% |
| Gross operating margin | 9900 | -€4,795 | €3,129 | +€7,924 | |
| Operating profit (loss) | 9901 | -€71,015 | -€79,741 | -€8,726 | -12.3% |
| Financial income | 75/76B | €36 | €276 | +€240 | +658% |
| Recurring financial income | 75 | €36 | €276 | +€240 | +658% |
| Financial charges | 65/66B | €189 | €781 | +€592 | +314% |
| Recurring financial charges | 65 | €189 | €781 | +€592 | +314% |
| Profit (loss) for the period before taxes | 9903 | -€71,167 | -€80,246 | -€9,078 | -12.8% |
| Profit (loss) for the period | 9904 | -€71,167 | -€80,246 | -€9,078 | -12.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€71,167 | -€80,246 | -€9,078 | -12.8% |
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 25 October 2026 via checked.be.