Op-Pad: 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-Pad
Largest movements
- Cash +€14,568
up €14,568 (+43.9%), from €33,157 to €47,725
mainly Net result for the year (+€10,889) and Depreciation (+€6,295)
- Tangible fixed assets -€5,558
down €5,558 (-57.1%), from €9,729 to €4,172
of which Furniture and vehicles: -€5,378
- Reserves +€10,889
up €10,889 (+58.3%), from €18,665 to €29,554
- Tax, wage and social debts +€3,472
up €3,472 (+37.6%), from €9,244 to €12,716
- Current portion of long-term debt -€2,708
down €2,708 (-66.4%), from €4,078 to €1,370
- Debts after one year -€1,370
no longer reported in 2025 (was €1,370)
- Other debts -€911
down €911 (-14.8%), from €6,153 to €5,242
- Gross operating margin +€5,128
up €5,128 (+24.2%), from €21,208 to €26,336
- Taxes +€2,218
up €2,218 (+42.2%), from €5,249 to €7,467
- Other operating charges +€740
up €740 (+93.1%), from €795 to €1,535
- Depreciation +€512
up €512 (+8.9%), from €5,783 to €6,295
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 | €44,126 | €53,758 | +€9,632 | +21.8% |
| Fixed assets | 21/28 | €9,729 | €4,172 | -€5,558 | -57.1% |
| Tangible fixed assets | 22/27 | €9,729 | €4,172 | -€5,558 | -57.1% |
| Plant, machinery and equipment | 23 | €1,162 | €982 | -€179 | -15.4% |
| Furniture and vehicles | 24 | €8,568 | €3,189 | -€5,378 | -62.8% |
| Current assets | 29/58 | €34,397 | €49,586 | +€15,189 | +44.2% |
| Amounts receivable within one year | 40/41 | €1,240 | €1,680 | +€440 | +35.5% |
| Trade receivables | 40 | €1,240 | €1,680 | +€440 | +35.5% |
| Cash at bank and in hand | 54/58 | €33,157 | €47,725 | +€14,568 | +43.9% |
| Deferred charges and accrued income | 490/1 | - | €182 | +€182 | |
| Total equity and liabilities | 10/49 | €44,126 | €53,758 | +€9,632 | +21.8% |
| Equity | 10/15 | €21,665 | €32,554 | +€10,889 | +50.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €18,665 | €29,554 | +€10,889 | +58.3% |
| Distributable reserves | 133 | €18,665 | €29,554 | +€10,889 | +58.3% |
| Amounts payable | 17/49 | €22,461 | €21,204 | -€1,257 | -5.6% |
| Amounts payable after more than one year | 17 | €1,370 | - | -€1,370 | |
| Financial debts | 170/4 | €1,370 | - | -€1,370 | |
| Amounts payable within one year | 42/48 | €21,091 | €21,204 | +€113 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €4,078 | €1,370 | -€2,708 | -66.4% |
| Trade debts | 44 | €1,617 | €1,877 | +€260 | +16.1% |
| Suppliers | 440/4 | €1,617 | €1,877 | +€260 | +16.1% |
| Taxes, remuneration and social security | 45 | €9,244 | €12,716 | +€3,472 | +37.6% |
| Taxes | 450/3 | €9,244 | €12,716 | +€3,472 | +37.6% |
| Other amounts payable | 47/48 | €6,153 | €5,242 | -€911 | -14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,783 | €6,295 | +€512 | +8.9% |
| Other operating charges | 640/8 | €795 | €1,535 | +€740 | +93.1% |
| Gross operating margin | 9900 | €21,208 | €26,336 | +€5,128 | +24.2% |
| Operating profit (loss) | 9901 | €14,629 | €18,505 | +€3,876 | +26.5% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €143 | €150 | +€7 | +5.2% |
| Recurring financial charges | 65 | €143 | €150 | +€7 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | €14,487 | €18,355 | +€3,868 | +26.7% |
| Income taxes | 67/77 | €5,249 | €7,467 | +€2,218 | +42.2% |
| Profit (loss) for the period | 9904 | €9,238 | €10,889 | +€1,650 | +17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,238 | €10,889 | +€1,650 | +17.9% |
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 28 October 2026 via checked.be.