OP DE BEECK GEERT: what changed
What changed
OP DE BEECK GEERT
NACE 38.330, Waste collection, recovery and disposal activities
filed annual accounts (NBB)
Net result for the year
€75,600
2024 · €54,644+€20,956
Equity
€605,886
2024 · €568,036+€37,850
Cash
€53,510
2024 · €103,810-€50,300
Balance sheet total
€3.0m
2024 · €1.6m+€1.4m
Largest movements
Assets
- Intangible fixed assets +€708,833
new in 2025: €708,833
- Stocks and contracts +€448,758
up €448,758 (+240%), from €186,991 to €635,748
- Tangible fixed assets +€213,857
up €213,857 (+64.6%), from €330,805 to €544,662
of which Furniture and vehicles: +€133,180
- Receivables within one year +€102,185
up €102,185 (+10.4%), from €982,440 to €1.1m
of which Trade receivables: +€85,040
- Cash -€50,300
down €50,300 (-48.5%), from €103,810 to €53,510
mainly Investment in fixed assets (net) (-€1.1m) and Stocks and contracts (-€448,758)
Equity and liabilities
- Debts after one year +€906,374
up €906,374 (+421%), from €215,359 to €1.1m
- Trade debts +€402,442
up €402,442 (+63.5%), from €633,543 to €1.0m
- Reserves +€37,850
up €37,850 (+6.8%), from €555,636 to €593,486
- Other debts +€34,140
up €34,140 (+137%), from €25,000 to €59,140
Income statement
- Staff costs -€25,567
down €25,567 (-7.4%), from €345,636 to €320,069
- Gross operating margin +€12,247
up €12,247 (+2.1%), from €590,532 to €602,779
- Taxes +€8,712
up €8,712 (+41.7%), from €20,870 to €29,581
- Depreciation +€7,986
up €7,986 (+5.6%), from €143,784 to €151,770
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€54,644
Gross operating margin
+€12,247
Staff costs
+€25,567
Depreciation
-€7,986
Write-downs
+€534
Other operating charges
-€1,260
Financial income
-€405
Financial charges
+€970
Taxes
-€8,712
Result 2025
€75,600
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€128,648
Investment
-€1.1m
Financing
+€895,511
Cash 2024
€103,810
From operations (derived)
+€128,648
Net result for the year
+€75,600
Depreciation
+€151,770
Stocks and contracts
-€448,758
Receivables within one year
-€102,185
Deferred charges and accrued income
+€4,898
Trade debts
+€402,442
Tax, wage and social debts
+€10,706
Other debts
+€34,140
Accrued charges and deferred income
+€35
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€1.1m
Financing
+€895,511
Debts after one year
+€906,374
Current portion of long-term debt
+€26,886
Contributions, distributions and other
-€37,750
Cash 2025
€53,510
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,612,053 | €3,030,486 | +€1.4m | +88.0% |
| Fixed assets | 21/28 | €330,805 | €1,253,495 | +€922,690 | +279% |
| Intangible fixed assets | 21 | - | €708,833 | +€708,833 | |
| Tangible fixed assets | 22/27 | €330,805 | €544,662 | +€213,857 | +64.6% |
| Plant, machinery and equipment | 23 | €328,396 | €410,718 | +€82,322 | +25.1% |
| Furniture and vehicles | 24 | €763 | €133,944 | +€133,180 | +17,449% |
| Other tangible fixed assets | 26 | €1,646 | €0 | -€1,646 | -100% |
| Current assets | 29/58 | €1,281,248 | €1,776,992 | +€495,744 | +38.7% |
| Stocks and contracts in progress | 3 | €186,991 | €635,748 | +€448,758 | +240% |
| Stocks | 30/36 | €186,991 | €635,748 | +€448,758 | +240% |
| Amounts receivable within one year | 40/41 | €982,440 | €1,084,625 | +€102,185 | +10.4% |
| Trade receivables | 40 | €929,551 | €1,014,590 | +€85,040 | +9.1% |
| Other amounts receivable | 41 | €52,889 | €70,035 | +€17,146 | +32.4% |
| Cash at bank and in hand | 54/58 | €103,810 | €53,510 | -€50,300 | -48.5% |
| Deferred charges and accrued income | 490/1 | €8,007 | €3,109 | -€4,898 | -61.2% |
| Total equity and liabilities | 10/49 | €1,612,053 | €3,030,486 | +€1.4m | +88.0% |
| Equity | 10/15 | €568,036 | €605,886 | +€37,850 | +6.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €555,636 | €593,486 | +€37,850 | +6.8% |
| Distributable reserves | 133 | €555,636 | €593,486 | +€37,850 | +6.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,044,017 | €2,424,601 | +€1.4m | +132% |
| Amounts payable after more than one year | 17 | €215,359 | €1,121,733 | +€906,374 | +421% |
| Financial debts | 170/4 | €215,359 | €1,121,733 | +€906,374 | +421% |
| Amounts payable within one year | 42/48 | €828,658 | €1,302,832 | +€474,174 | +57.2% |
| Current portion of amounts payable after more than one year | 42 | €120,650 | €147,536 | +€26,886 | +22.3% |
| Trade debts | 44 | €633,543 | €1,035,985 | +€402,442 | +63.5% |
| Suppliers | 440/4 | €633,543 | €1,035,985 | +€402,442 | +63.5% |
| Taxes, remuneration and social security | 45 | €49,465 | €60,171 | +€10,706 | +21.6% |
| Taxes | 450/3 | €12,088 | €23,301 | +€11,213 | +92.8% |
| Remuneration and social security | 454/9 | €37,377 | €36,870 | -€507 | -1.4% |
| Other amounts payable | 47/48 | €25,000 | €59,140 | +€34,140 | +137% |
| Accrued charges and deferred income | 492/3 | €0 | €35 | +€35 | |
| Non-recurring operating income | 76A | €1,859 | €50,245 | +€48,386 | +2,603% |
| Remuneration, social security and pensions | 62 | €345,636 | €320,069 | -€25,567 | -7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €143,784 | €151,770 | +€7,986 | +5.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€534 | -€534 | |
| Other operating charges | 640/8 | €6,620 | €7,881 | +€1,260 | +19.0% |
| Gross operating margin | 9900 | €590,532 | €602,779 | +€12,247 | +2.1% |
| Operating profit (loss) | 9901 | €94,492 | €123,595 | +€29,102 | +30.8% |
| Financial income | 75/76B | €1,425 | €1,020 | -€405 | -28.4% |
| Recurring financial income | 75 | €1,425 | €1,020 | -€405 | -28.4% |
| Financial charges | 65/66B | €20,403 | €19,433 | -€970 | -4.8% |
| Recurring financial charges | 65 | €20,403 | €19,433 | -€970 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €75,514 | €105,181 | +€29,667 | +39.3% |
| Income taxes | 67/77 | €20,870 | €29,581 | +€8,712 | +41.7% |
| Profit (loss) for the period | 9904 | €54,644 | €75,600 | +€20,956 | +38.3% |
| Profit (loss) for the period to be appropriated | 9905 | €54,644 | €75,600 | +€20,956 | +38.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.