OPALIMMO: 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.
OPALIMMO
Largest movements
- Current investments +€10,675
up €10,675 (+4.9%), from €216,367 to €227,042
- Reserves +€7,862
up €7,862 (+12.9%), from €60,942 to €68,805
of which Distributable reserves: +€7,862
- Gross operating margin +€9,378
up €9,378 (+61.7%), from €15,202 to €24,580
- Taxes +€2,845
up €2,845 (+234.1%), from €1,215 to €4,060
- Depreciation +€2,129
up €2,129 (+41.1%), from €5,186 to €7,315
- Financial income -€366
down €366 (-26.7%), from €1,369 to €1,004
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €287,953 | €298,815 | +€10,862 | +3.8% |
| Fixed assets | 21/28 | €68,564 | €66,210 | -€2,354 | -3.4% |
| Tangible fixed assets | 22/27 | €67,709 | €65,355 | -€2,354 | -3.5% |
| Land and buildings | 22 | €67,709 | €65,355 | -€2,354 | -3.5% |
| Financial fixed assets | 28 | €855 | €855 | = | 0.0% |
| Current assets | 29/58 | €219,389 | €232,605 | +€13,216 | +6.0% |
| Current investments | 50/53 | €216,367 | €227,042 | +€10,675 | +4.9% |
| Cash at bank and in hand | 54/58 | €3,022 | €5,563 | +€2,541 | +84.1% |
| Total equity and liabilities | 10/49 | €287,953 | €298,815 | +€10,862 | +3.8% |
| Equity | 10/15 | €91,929 | €99,791 | +€7,862 | +8.6% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €60,942 | €68,805 | +€7,862 | +12.9% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €57,843 | €65,706 | +€7,862 | +13.6% |
| Amounts payable | 17/49 | €196,024 | €199,024 | +€3,000 | +1.5% |
| Amounts payable after more than one year | 17 | €195,220 | €195,220 | = | 0.0% |
| Other amounts payable | 178/9 | €195,220 | €195,220 | = | 0.0% |
| Amounts payable within one year | 42/48 | €804 | €3,804 | +€3,000 | +373.0% |
| Trade debts | 44 | - | €157 | +€157 | |
| Suppliers | 440/4 | - | €157 | +€157 | |
| Taxes, remuneration and social security | 45 | €804 | €3,646 | +€2,842 | +353.5% |
| Taxes | 450/3 | €804 | €3,646 | +€2,842 | +353.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,186 | €7,315 | +€2,129 | +41.1% |
| Other operating charges | 640/8 | €5,834 | €6,036 | +€202 | +3.5% |
| Gross operating margin | 9900 | €15,202 | €24,580 | +€9,378 | +61.7% |
| Operating profit (loss) | 9901 | €4,182 | €11,229 | +€7,047 | +168.5% |
| Financial income | 75/76B | €1,369 | €1,004 | -€366 | -26.7% |
| Recurring financial income | 75 | €1,369 | €1,004 | -€366 | -26.7% |
| Financial charges | 65/66B | €302 | €311 | +€9 | +3.0% |
| Recurring financial charges | 65 | €302 | €311 | +€9 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €5,249 | €11,922 | +€6,673 | +127.1% |
| Income taxes | 67/77 | €1,215 | €4,060 | +€2,845 | +234.1% |
| Profit (loss) for the period | 9904 | €4,035 | €7,862 | +€3,828 | +94.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,035 | €7,862 | +€3,828 | +94.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.