OPAGON: 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.
OPAGON
Largest movements
- Tangible fixed assets -€9,210
down €9,210 (-40.1%), from €22,945 to €13,735
of which Furniture and vehicles: -€7,694
- Receivables within one year -€7,662
down €7,662 (-40.6%), from €18,893 to €11,231
of which Trade receivables: -€7,359
- Cash +€2,705
up €2,705 (+69.2%), from €3,912 to €6,617
mainly Trade debts (+€10,628) and Depreciation (+€9,209)
- Profit (loss) carried forward -€20,329
down €20,329 (-408%), from -€4,985 to -€25,314
- Trade debts +€10,628
up €10,628 (+152%), from €7,009 to €17,637
- Debts after one year -€4,970
down €4,970 (-85.6%), from €5,803 to €833
- Other debts +€2,156
up €2,156 (+183%), from €1,179 to €3,335
- Tax, wage and social debts -€1,722
down €1,722 (-77.4%), from €2,223 to €501
- Gross operating margin -€15,000
down €15,000, from €4,655 to -€10,345
- Other operating charges +€278
up €278 (+138%), from €201 to €479
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 | €58,068 | €43,920 | -€14,148 | -24.4% |
| Fixed assets | 21/28 | €22,945 | €13,735 | -€9,210 | -40.1% |
| Tangible fixed assets | 22/27 | €22,945 | €13,735 | -€9,210 | -40.1% |
| Plant, machinery and equipment | 23 | €4,821 | €3,305 | -€1,516 | -31.4% |
| Furniture and vehicles | 24 | €18,124 | €10,430 | -€7,694 | -42.5% |
| Current assets | 29/58 | €35,123 | €30,184 | -€4,939 | -14.1% |
| Stocks and contracts in progress | 3 | €12,038 | €12,038 | -€0 | 0.0% |
| Stocks | 30/36 | €12,038 | €12,038 | -€0 | 0.0% |
| Amounts receivable within one year | 40/41 | €18,893 | €11,231 | -€7,662 | -40.6% |
| Trade receivables | 40 | €18,111 | €10,752 | -€7,359 | -40.6% |
| Other amounts receivable | 41 | €782 | €479 | -€303 | -38.7% |
| Cash at bank and in hand | 54/58 | €3,912 | €6,617 | +€2,705 | +69.2% |
| Deferred charges and accrued income | 490/1 | €280 | €298 | +€18 | +6.5% |
| Total equity and liabilities | 10/49 | €58,068 | €43,920 | -€14,148 | -24.4% |
| Equity | 10/15 | €36,894 | €16,566 | -€20,328 | -55.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €23,279 | €23,279 | +€0 | 0.0% |
| Distributable reserves | 133 | €23,279 | €23,279 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€4,985 | -€25,314 | -€20,329 | -408% |
| Amounts payable | 17/49 | €21,174 | €27,354 | +€6,180 | +29.2% |
| Amounts payable after more than one year | 17 | €5,803 | €833 | -€4,970 | -85.6% |
| Financial debts | 170/4 | €5,803 | €833 | -€4,970 | -85.6% |
| Amounts payable within one year | 42/48 | €15,333 | €26,443 | +€11,110 | +72.5% |
| Current portion of amounts payable after more than one year | 42 | €4,922 | €4,970 | +€48 | +1.0% |
| Trade debts | 44 | €7,009 | €17,637 | +€10,628 | +152% |
| Suppliers | 440/4 | €7,009 | €17,637 | +€10,628 | +152% |
| Taxes, remuneration and social security | 45 | €2,223 | €501 | -€1,722 | -77.4% |
| Taxes | 450/3 | €2,223 | €501 | -€1,722 | -77.4% |
| Other amounts payable | 47/48 | €1,179 | €3,335 | +€2,156 | +183% |
| Accrued charges and deferred income | 492/3 | €38 | €78 | +€40 | +105% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,209 | €9,209 | +€0 | 0.0% |
| Other operating charges | 640/8 | €201 | €479 | +€278 | +138% |
| Gross operating margin | 9900 | €4,655 | -€10,345 | -€15,000 | |
| Operating profit (loss) | 9901 | -€4,755 | -€20,034 | -€15,279 | -321% |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €240 | €295 | +€55 | +22.9% |
| Recurring financial charges | 65 | €240 | €295 | +€55 | +22.9% |
| Profit (loss) for the period before taxes | 9903 | -€4,985 | -€20,329 | -€15,344 | -308% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€4,985 | -€20,329 | -€15,344 | -308% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,985 | -€20,329 | -€15,344 | -308% |
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 23 October 2026 via checked.be.