OPA Management: 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.
OPA Management
Largest movements
- Tangible fixed assets -€34,970
down €34,970 (-96.5%), from €36,226 to €1,256
- Financial fixed assets -€28,840
down €28,840 (-100.0%), from €28,840 to €0
- Receivables within one year +€19,269
up €19,269 (+43.0%), from €44,773 to €64,042
of which Other amounts receivable: +€23,334
- Cash +€17,115
up €17,115 (+329.6%), from €5,192 to €22,308
mainly Investment in fixed assets (net) (+€62,474) and Trade debts (+€2,540)
- Profit (loss) carried forward -€18,083
new in 2025: -€18,083
- Tax, wage and social debts -€11,706
down €11,706 (-53.1%), from €22,060 to €10,354
- Trade debts +€2,540
up €2,540, from €0 to €2,540
- Gross operating margin -€48,697
down €48,697, from €39,206 to -€9,491
- Depreciation -€10,225
down €10,225 (-88.4%), from €11,561 to €1,336
- Taxes -€7,417
down €7,417 (-99.2%), from €7,473 to €56
- Financial income +€1,111
up €1,111 (+935.2%), from €119 to €1,230
- Financial charges +€875
up €875 (+340.7%), from €257 to €1,132
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 | €115,276 | €88,044 | -€27,232 | -23.6% |
| Fixed assets | 21/28 | €65,066 | €1,256 | -€63,810 | -98.1% |
| Tangible fixed assets | 22/27 | €36,226 | €1,256 | -€34,970 | -96.5% |
| Furniture and vehicles | 24 | €36,226 | €1,256 | -€34,970 | -96.5% |
| Financial fixed assets | 28 | €28,840 | €0 | -€28,840 | -100.0% |
| Current assets | 29/58 | €50,210 | €86,788 | +€36,578 | +72.8% |
| Amounts receivable within one year | 40/41 | €44,773 | €64,042 | +€19,269 | +43.0% |
| Trade receivables | 40 | €41,668 | €37,603 | -€4,065 | -9.8% |
| Other amounts receivable | 41 | €3,105 | €26,439 | +€23,334 | +751.4% |
| Cash at bank and in hand | 54/58 | €5,192 | €22,308 | +€17,115 | +329.6% |
| Deferred charges and accrued income | 490/1 | €244 | €438 | +€194 | +79.4% |
| Total equity and liabilities | 10/49 | €115,276 | €88,044 | -€27,232 | -23.6% |
| Equity | 10/15 | €93,216 | €75,133 | -€18,083 | -19.4% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €93,215 | €93,215 | = | 0.0% |
| Distributable reserves | 133 | €93,215 | €93,215 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€18,083 | -€18,083 | |
| Amounts payable | 17/49 | €22,060 | €12,911 | -€9,149 | -41.5% |
| Amounts payable within one year | 42/48 | €22,060 | €12,894 | -€9,166 | -41.5% |
| Trade debts | 44 | €0 | €2,540 | +€2,540 | |
| Suppliers | 440/4 | €0 | €2,540 | +€2,540 | |
| Taxes, remuneration and social security | 45 | €22,060 | €10,354 | -€11,706 | -53.1% |
| Taxes | 450/3 | €22,060 | €10,354 | -€11,706 | -53.1% |
| Accrued charges and deferred income | 492/3 | - | €17 | +€17 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,561 | €1,336 | -€10,225 | -88.4% |
| Other operating charges | 640/8 | €149 | €799 | +€650 | +436.3% |
| Non-recurring operating charges | 66A | - | €6,498 | +€6,498 | |
| Gross operating margin | 9900 | €39,206 | -€9,491 | -€48,697 | |
| Operating profit (loss) | 9901 | €27,496 | -€18,125 | -€45,621 | |
| Financial income | 75/76B | €119 | €1,230 | +€1,111 | +935.2% |
| Recurring financial income | 75 | €119 | €1,230 | +€1,111 | +935.2% |
| Financial charges | 65/66B | €257 | €1,132 | +€875 | +340.7% |
| Recurring financial charges | 65 | €257 | €1,132 | +€875 | +340.7% |
| Profit (loss) for the period before taxes | 9903 | €27,358 | -€18,027 | -€45,384 | |
| Income taxes | 67/77 | €7,473 | €56 | -€7,417 | -99.2% |
| Profit (loss) for the period | 9904 | €19,884 | -€18,083 | -€37,967 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,884 | -€18,083 | -€37,967 |
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.