OP DE LOGEN: 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.
OP DE LOGEN
Largest movements
- Tangible fixed assets -€40,878
down €40,878 (-11.6%), from €351,271 to €310,393
of which Furniture and vehicles: -€22,492
- Receivables within one year +€34,084
up €34,084 (+265%), from €12,865 to €46,950
of which Trade receivables: +€33,576
- Stocks and contracts +€21,299
up €21,299 (+16.8%), from €126,910 to €148,209
- Cash -€10,686
down €10,686 (-22.3%), from €48,005 to €37,319
mainly Receivables within one year (-€34,084) and Debts after one year (-€32,439)
- Debts after one year -€32,439
down €32,439 (-38.0%), from €85,282 to €52,844
- Advances received +€29,644
up €29,644 (+1,975%), from €1,501 to €31,145
- Trade debts +€17,997
up €17,997 (+61.4%), from €29,319 to €47,316
- Short-term financial debts -€10,000
down €10,000 (-100%), from €10,000 to €0
of which Other loans: -€10,000
- Gross operating margin -€14,767
down €14,767 (-13.6%), from €108,855 to €94,088
- Other operating charges -€4,058
down €4,058 (-47.6%), from €8,520 to €4,462
- Taxes -€2,457
down €2,457 (-72.2%), from €3,404 to €947
- Staff costs +€1,890
up €1,890 (+4.7%), from €40,394 to €42,284
- Financial charges -€1,525
down €1,525 (-23.5%), from €6,482 to €4,957
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 | €539,052 | €546,002 | +€6,950 | +1.3% |
| Fixed assets | 21/28 | €351,271 | €310,393 | -€40,878 | -11.6% |
| Tangible fixed assets | 22/27 | €351,271 | €310,393 | -€40,878 | -11.6% |
| Land and buildings | 22 | €272,433 | €256,374 | -€16,059 | -5.9% |
| Plant, machinery and equipment | 23 | €12,772 | €10,446 | -€2,326 | -18.2% |
| Furniture and vehicles | 24 | €66,066 | €43,574 | -€22,492 | -34.0% |
| Current assets | 29/58 | €187,780 | €235,609 | +€47,828 | +25.5% |
| Stocks and contracts in progress | 3 | €126,910 | €148,209 | +€21,299 | +16.8% |
| Stocks | 30/36 | €126,910 | €148,209 | +€21,299 | +16.8% |
| Amounts receivable within one year | 40/41 | €12,865 | €46,950 | +€34,084 | +265% |
| Trade receivables | 40 | €2,601 | €36,178 | +€33,576 | +1,291% |
| Other amounts receivable | 41 | €10,264 | €10,772 | +€508 | +4.9% |
| Cash at bank and in hand | 54/58 | €48,005 | €37,319 | -€10,686 | -22.3% |
| Deferred charges and accrued income | 490/1 | - | €3,131 | +€3,131 | |
| Total equity and liabilities | 10/49 | €539,052 | €546,002 | +€6,950 | +1.3% |
| Equity | 10/15 | €184,445 | €185,049 | +€604 | +0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €165,845 | €166,449 | +€604 | +0.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Other | 1319 | - | €1,860 | +€1,860 | |
| Tax-exempt reserves | 132 | €19,487 | €19,487 | = | 0.0% |
| Distributable reserves | 133 | €144,498 | €145,102 | +€604 | +0.4% |
| Provisions and deferred taxes | 16 | €56,352 | €56,352 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €56,352 | €56,352 | = | 0.0% |
| Pensions and similar obligations | 160 | €56,352 | €56,352 | = | 0.0% |
| Amounts payable | 17/49 | €298,254 | €304,601 | +€6,346 | +2.1% |
| Amounts payable after more than one year | 17 | €85,282 | €52,844 | -€32,439 | -38.0% |
| Financial debts | 170/4 | €85,282 | €52,844 | -€32,439 | -38.0% |
| Amounts payable within one year | 42/48 | €212,972 | €251,757 | +€38,785 | +18.2% |
| Current portion of amounts payable after more than one year | 42 | €34,044 | €32,439 | -€1,605 | -4.7% |
| Financial debts | 43 | €10,000 | €0 | -€10,000 | -100% |
| Credit institutions | 430/8 | - | €0 | = | |
| Other loans | 439 | €10,000 | - | -€10,000 | |
| Trade debts | 44 | €29,319 | €47,316 | +€17,997 | +61.4% |
| Suppliers | 440/4 | €29,319 | €47,316 | +€17,997 | +61.4% |
| Advances received on contracts in progress | 46 | €1,501 | €31,145 | +€29,644 | +1,975% |
| Taxes, remuneration and social security | 45 | €11,036 | €9,395 | -€1,641 | -14.9% |
| Taxes | 450/3 | €6,153 | €947 | -€5,206 | -84.6% |
| Remuneration and social security | 454/9 | €4,883 | €8,448 | +€3,565 | +73.0% |
| Other amounts payable | 47/48 | €127,073 | €131,463 | +€4,390 | +3.5% |
| Remuneration, social security and pensions | 62 | €40,394 | €42,284 | +€1,890 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,006 | €40,878 | -€127 | -0.3% |
| Other operating charges | 640/8 | €8,520 | €4,462 | -€4,058 | -47.6% |
| Gross operating margin | 9900 | €108,855 | €94,088 | -€14,767 | -13.6% |
| Operating profit (loss) | 9901 | €18,935 | €6,464 | -€12,471 | -65.9% |
| Financial income | 75/76B | €523 | €43 | -€480 | -91.7% |
| Recurring financial income | 75 | €523 | €43 | -€480 | -91.7% |
| Financial charges | 65/66B | €6,482 | €4,957 | -€1,525 | -23.5% |
| Recurring financial charges | 65 | €6,482 | €4,957 | -€1,525 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €12,977 | €1,551 | -€11,426 | -88.1% |
| Income taxes | 67/77 | €3,404 | €947 | -€2,457 | -72.2% |
| Profit (loss) for the period | 9904 | €9,573 | €604 | -€8,969 | -93.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,573 | €604 | -€8,969 | -93.7% |
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.