OPAL: 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.
OPAL
Largest movements
- Receivables within one year +€15,541
up €15,541 (+53.6%), from €29,000 to €44,542
of which Trade receivables: +€16,046
- Cash -€12,430
down €12,430 (-18.4%), from €67,629 to €55,198
mainly Other debts (-€73,977) and Receivables within one year (-€15,541)
- Profit (loss) carried forward +€75,003
up €75,003 (+23.5%), from -€318,877 to -€243,874
- Other debts -€73,977
down €73,977 (-18.6%), from €397,398 to €323,422
- Tax, wage and social debts +€1,230
up €1,230 (+150.8%), from €816 to €2,046
- Gross operating margin +€1,883
up €1,883 (+2.5%), from €75,023 to €76,906
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 | €102,641 | €104,970 | +€2,329 | +2.3% |
| Fixed assets | 21/28 | €1,952 | €1,051 | -€902 | -46.2% |
| Tangible fixed assets | 22/27 | €1,803 | €902 | -€902 | -50.0% |
| Furniture and vehicles | 24 | €1,803 | €902 | -€902 | -50.0% |
| Financial fixed assets | 28 | €149 | €149 | = | 0.0% |
| Current assets | 29/58 | €100,689 | €103,920 | +€3,231 | +3.2% |
| Stocks and contracts in progress | 3 | €4,060 | €4,180 | +€120 | +3.0% |
| Stocks | 30/36 | €4,060 | €4,180 | +€120 | +3.0% |
| Amounts receivable within one year | 40/41 | €29,000 | €44,542 | +€15,541 | +53.6% |
| Trade receivables | 40 | €28,496 | €44,542 | +€16,046 | +56.3% |
| Other amounts receivable | 41 | €505 | - | -€505 | |
| Cash at bank and in hand | 54/58 | €67,629 | €55,198 | -€12,430 | -18.4% |
| Total equity and liabilities | 10/49 | €102,641 | €104,970 | +€2,329 | +2.3% |
| Equity | 10/15 | -€298,426 | -€223,423 | +€75,003 | +25.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€318,877 | -€243,874 | +€75,003 | +23.5% |
| Amounts payable | 17/49 | €401,067 | €328,394 | -€72,674 | -18.1% |
| Amounts payable within one year | 42/48 | €400,742 | €328,394 | -€72,349 | -18.1% |
| Trade debts | 44 | €2,529 | €2,926 | +€398 | +15.7% |
| Suppliers | 440/4 | €2,529 | €2,926 | +€398 | +15.7% |
| Taxes, remuneration and social security | 45 | €816 | €2,046 | +€1,230 | +150.8% |
| Taxes | 450/3 | €816 | €2,046 | +€1,230 | +150.8% |
| Other amounts payable | 47/48 | €397,398 | €323,422 | -€73,977 | -18.6% |
| Accrued charges and deferred income | 492/3 | €325 | - | -€325 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €902 | €902 | = | 0.0% |
| Other operating charges | 640/8 | €266 | €461 | +€195 | +73.3% |
| Gross operating margin | 9900 | €75,023 | €76,906 | +€1,883 | +2.5% |
| Operating profit (loss) | 9901 | €73,855 | €75,544 | +€1,688 | +2.3% |
| Financial charges | 65/66B | €39 | €40 | +€1 | +3.5% |
| Recurring financial charges | 65 | €39 | €40 | +€1 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €73,816 | €75,503 | +€1,687 | +2.3% |
| Income taxes | 67/77 | €511 | €500 | -€11 | -2.1% |
| Profit (loss) for the period | 9904 | €73,305 | €75,003 | +€1,698 | +2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €73,305 | €75,003 | +€1,698 | +2.3% |
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 11 October 2026 via checked.be.