Op Maat: 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.
Op Maat
Largest movements
- Intangible fixed assets +€1.1m
up €1.1m (+273.4%), from €416,914 to €1.6m
- Tangible fixed assets +€246,579
up €246,579 (+23.7%), from €1.0m to €1.3m
of which Land and buildings: +€145,204
- Cash -€111,355
down €111,355 (-49.4%), from €225,430 to €114,075
mainly Investment in fixed assets (net) (-€1.7m) and Deferred charges and accrued income (-€84,266)
- Deferred charges and accrued income +€84,266
up €84,266 (+142.1%), from €59,315 to €143,581
- Receivables within one year +€82,247
up €82,247 (+19.1%), from €429,830 to €512,077
of which Other amounts receivable: +€79,971
- Debts after one year +€1.2m
up €1.2m (+82.9%), from €1.5m to €2.7m
- Trade debts +€112,348
up €112,348 (+345.2%), from €32,547 to €144,895
- Tax, wage and social debts +€88,443
up €88,443 (+116.5%), from €75,885 to €164,328
of which Remuneration and social security: +€54,056
- Provisions -€43,935
no longer reported in 2025 (was €43,935)
- Reserves +€38,195
up €38,195 (+7.8%), from €491,805 to €530,000
of which Distributable reserves: +€170,000
- Gross operating margin +€468,528
up €468,528 (+67.6%), from €692,657 to €1.2m
- Staff costs +€366,014
up €366,014 (+92.7%), from €394,961 to €760,975
- Depreciation +€203,996
up €203,996 (+211.3%), from €96,546 to €300,542
- Financial charges +€16,207
up €16,207 (+47.8%), from €33,905 to €50,112
- Taxes +€14,620
up €14,620 (+28.6%), from €51,187 to €65,807
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.
Cash bridge derived
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 | €2,169,872 | €3,611,401 | +€1.4m | +66.4% |
| Fixed assets | 21/28 | €1,455,297 | €2,841,668 | +€1.4m | +95.3% |
| Intangible fixed assets | 21 | €416,914 | €1,556,706 | +€1.1m | +273.4% |
| Tangible fixed assets | 22/27 | €1,038,383 | €1,284,962 | +€246,579 | +23.7% |
| Land and buildings | 22 | €397,275 | €542,479 | +€145,204 | +36.5% |
| Plant, machinery and equipment | 23 | €545,653 | €509,768 | -€35,885 | -6.6% |
| Furniture and vehicles | 24 | €95,455 | €232,715 | +€137,260 | +143.8% |
| Current assets | 29/58 | €714,575 | €769,733 | +€55,158 | +7.7% |
| Amounts receivable within one year | 40/41 | €429,830 | €512,077 | +€82,247 | +19.1% |
| Trade receivables | 40 | €29,194 | €31,470 | +€2,276 | +7.8% |
| Other amounts receivable | 41 | €400,636 | €480,607 | +€79,971 | +20.0% |
| Cash at bank and in hand | 54/58 | €225,430 | €114,075 | -€111,355 | -49.4% |
| Deferred charges and accrued income | 490/1 | €59,315 | €143,581 | +€84,266 | +142.1% |
| Total equity and liabilities | 10/49 | €2,169,872 | €3,611,401 | +€1.4m | +66.4% |
| Equity | 10/15 | €519,790 | €562,383 | +€42,593 | +8.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €491,805 | €530,000 | +€38,195 | +7.8% |
| Tax-exempt reserves | 132 | €131,805 | - | -€131,805 | |
| Distributable reserves | 133 | €360,000 | €530,000 | +€170,000 | +47.2% |
| Profit (loss) carried forward | 14 | €7,985 | €12,383 | +€4,398 | +55.1% |
| Provisions and deferred taxes | 16 | €43,935 | - | -€43,935 | |
| Deferred taxes | 168 | €43,935 | - | -€43,935 | |
| Amounts payable | 17/49 | €1,606,147 | €3,049,018 | +€1.4m | +89.8% |
| Amounts payable after more than one year | 17 | €1,497,715 | €2,739,795 | +€1.2m | +82.9% |
| Financial debts | 170/4 | €1,497,715 | €2,739,795 | +€1.2m | +82.9% |
| Amounts payable within one year | 42/48 | €108,432 | €309,223 | +€200,791 | +185.2% |
| Trade debts | 44 | €32,547 | €144,895 | +€112,348 | +345.2% |
| Suppliers | 440/4 | €32,547 | €144,895 | +€112,348 | +345.2% |
| Taxes, remuneration and social security | 45 | €75,885 | €164,328 | +€88,443 | +116.5% |
| Taxes | 450/3 | €14,157 | €48,544 | +€34,387 | +242.9% |
| Remuneration and social security | 454/9 | €61,728 | €115,784 | +€54,056 | +87.6% |
| Non-recurring operating income | 76A | - | €11,925 | +€11,925 | |
| Remuneration, social security and pensions | 62 | €394,961 | €760,975 | +€366,014 | +92.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,546 | €300,542 | +€203,996 | +211.3% |
| Other operating charges | 640/8 | €2,867 | €2,997 | +€130 | +4.5% |
| Gross operating margin | 9900 | €692,657 | €1,161,185 | +€468,528 | +67.6% |
| Operating profit (loss) | 9901 | €198,283 | €96,671 | -€101,612 | -51.2% |
| Financial income | 75/76B | €16,972 | €17,906 | +€934 | +5.5% |
| Recurring financial income | 75 | €16,972 | €17,906 | +€934 | +5.5% |
| Financial charges | 65/66B | €33,905 | €50,112 | +€16,207 | +47.8% |
| Recurring financial charges | 65 | €33,905 | €50,112 | +€16,207 | +47.8% |
| Profit (loss) for the period before taxes | 9903 | €181,350 | €64,465 | -€116,885 | -64.5% |
| Transfer from deferred taxes | 780 | - | €43,935 | +€43,935 | |
| Income taxes | 67/77 | €51,187 | €65,807 | +€14,620 | +28.6% |
| Profit (loss) for the period | 9904 | €130,163 | €42,593 | -€87,570 | -67.3% |
| Transfer from tax-exempt reserves | 789 | - | €131,805 | +€131,805 | |
| Profit (loss) for the period to be appropriated | 9905 | €130,163 | €174,398 | +€44,235 | +34.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.