O.P.S.-TECHNICS: 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.
O.P.S.-TECHNICS
Largest movements
- Receivables within one year -€137,468
down €137,468 (-29.7%), from €463,409 to €325,940
of which Trade receivables: -€155,224
- Tangible fixed assets +€50,186
up €50,186 (+119%), from €42,337 to €92,523
of which Other tangible fixed assets: +€28,825
- Cash -€34,305
down €34,305 (-47.8%), from €71,833 to €37,528
mainly Investment in fixed assets (net) (-€67,548) and Short-term financial debts (-€64,326)
- Stocks and contracts +€25,436
up €25,436 (+166%), from €15,326 to €40,762
- Deferred charges and accrued income -€13,205
down €13,205 (-65.1%), from €20,298 to €7,093
- Short-term financial debts -€64,326
down €64,326 (-27.3%), from €235,750 to €171,424
of which Credit institutions: -€55,897
- Trade debts -€49,344
down €49,344 (-34.3%), from €143,890 to €94,547
- Debts after one year +€11,887
up €11,887 (+2,148%), from €554 to €12,441
of which Financial debts: +€12,441
- Tax, wage and social debts -€10,423
down €10,423 (-21.1%), from €49,400 to €38,976
of which Taxes: -€15,137
- Gross operating margin -€84,413
down €84,413 (-19.5%), from €433,063 to €348,650
- Taxes -€25,535
down €25,535 (-77.1%), from €33,121 to €7,586
- Depreciation +€6,573
up €6,573 (+82.3%), from €7,989 to €14,562
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 | €708,650 | €602,094 | -€106,556 | -15.0% |
| Fixed assets | 21/28 | €42,784 | €95,770 | +€52,986 | +124% |
| Tangible fixed assets | 22/27 | €42,337 | €92,523 | +€50,186 | +119% |
| Plant, machinery and equipment | 23 | €7,639 | €11,380 | +€3,741 | +49.0% |
| Furniture and vehicles | 24 | €11,956 | €14,060 | +€2,104 | +17.6% |
| Leasing and similar rights | 25 | - | €15,516 | +€15,516 | |
| Other tangible fixed assets | 26 | €22,742 | €51,567 | +€28,825 | +127% |
| Financial fixed assets | 28 | €447 | €3,247 | +€2,800 | +626% |
| Current assets | 29/58 | €665,865 | €506,323 | -€159,542 | -24.0% |
| Amounts receivable after more than one year | 29 | €95,000 | €95,000 | = | 0.0% |
| Other amounts receivable | 291 | €95,000 | €95,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €15,326 | €40,762 | +€25,436 | +166% |
| Stocks | 30/36 | €15,326 | €40,762 | +€25,436 | +166% |
| Amounts receivable within one year | 40/41 | €463,409 | €325,940 | -€137,468 | -29.7% |
| Trade receivables | 40 | €394,165 | €238,941 | -€155,224 | -39.4% |
| Other amounts receivable | 41 | €69,244 | €86,999 | +€17,755 | +25.6% |
| Cash at bank and in hand | 54/58 | €71,833 | €37,528 | -€34,305 | -47.8% |
| Deferred charges and accrued income | 490/1 | €20,298 | €7,093 | -€13,205 | -65.1% |
| Total equity and liabilities | 10/49 | €708,650 | €602,094 | -€106,556 | -15.0% |
| Equity | 10/15 | €279,056 | €281,384 | +€2,327 | +0.8% |
| Contributions | 10/11 | €31,155 | €31,155 | = | 0.0% |
| Reserves | 13 | €141,014 | €141,014 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €141,014 | €141,014 | = | 0.0% |
| Profit (loss) carried forward | 14 | €106,887 | €109,214 | +€2,327 | +2.2% |
| Amounts payable | 17/49 | €429,593 | €320,710 | -€108,883 | -25.3% |
| Amounts payable after more than one year | 17 | €554 | €12,441 | +€11,887 | +2,148% |
| Financial debts | 170/4 | - | €12,441 | +€12,441 | |
| Other amounts payable | 178/9 | €554 | €0 | -€554 | -100% |
| Amounts payable within one year | 42/48 | €429,040 | €308,269 | -€120,771 | -28.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | €3,322 | +€3,322 | |
| Financial debts | 43 | €235,750 | €171,424 | -€64,326 | -27.3% |
| Credit institutions | 430/8 | €223,359 | €167,462 | -€55,897 | -25.0% |
| Other loans | 439 | €12,391 | €3,962 | -€8,429 | -68.0% |
| Trade debts | 44 | €143,890 | €94,547 | -€49,344 | -34.3% |
| Suppliers | 440/4 | €143,890 | €94,547 | -€49,344 | -34.3% |
| Taxes, remuneration and social security | 45 | €49,400 | €38,976 | -€10,423 | -21.1% |
| Taxes | 450/3 | €30,150 | €15,012 | -€15,137 | -50.2% |
| Remuneration and social security | 454/9 | €19,250 | €23,964 | +€4,714 | +24.5% |
| Non-recurring operating income | 76A | €107 | €2,944 | +€2,836 | +2,645% |
| Remuneration, social security and pensions | 62 | €283,076 | €285,245 | +€2,170 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,989 | €14,562 | +€6,573 | +82.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,095 | €0 | -€2,095 | -100% |
| Other operating charges | 640/8 | €2,374 | €2,105 | -€269 | -11.3% |
| Non-recurring operating charges | 66A | €9,795 | €0 | -€9,795 | -100% |
| Gross operating margin | 9900 | €433,063 | €348,650 | -€84,413 | -19.5% |
| Operating profit (loss) | 9901 | €127,734 | €46,737 | -€80,997 | -63.4% |
| Financial income | 75/76B | €6,829 | €3,438 | -€3,391 | -49.7% |
| Recurring financial income | 75 | €6,829 | €3,438 | -€3,391 | -49.7% |
| Financial charges | 65/66B | €38,338 | €40,262 | +€1,923 | +5.0% |
| Recurring financial charges | 65 | €38,338 | €40,262 | +€1,923 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | €96,226 | €9,914 | -€86,312 | -89.7% |
| Income taxes | 67/77 | €33,121 | €7,586 | -€25,535 | -77.1% |
| Profit (loss) for the period | 9904 | €63,104 | €2,327 | -€60,777 | -96.3% |
| Profit (loss) for the period to be appropriated | 9905 | €63,104 | €2,327 | -€60,777 | -96.3% |
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 17 October 2026 via checked.be.