OPARTHEM: 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.
OPARTHEM
Largest movements
- Receivables within one year +€98,742
up €98,742 (+85.5%), from €115,547 to €214,289
of which Trade receivables: +€97,701
- Tax, wage and social debts +€34,219
up €34,219 (+44.0%), from €77,712 to €111,931
- Reserves +€33,900
up €33,900 (+27.2%), from €124,775 to €158,675
of which Tax-exempt reserves: +€33,900
- Trade debts +€18,553
up €18,553 (+62.6%), from €29,617 to €48,170
- Other debts +€12,000
up €12,000 (+19.0%), from €63,128 to €75,128
- Gross operating margin +€21,013
up €21,013 (+62.2%), from €33,801 to €54,814
- Taxes +€8,112
up €8,112 (+69.8%), from €11,618 to €19,730
- Depreciation -€2,537
no longer reported in 2025 (was €2,537)
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 | €310,140 | €408,883 | +€98,742 | +31.8% |
| Current assets | 29/58 | €310,140 | €408,883 | +€98,742 | +31.8% |
| Amounts receivable within one year | 40/41 | €115,547 | €214,289 | +€98,742 | +85.5% |
| Trade receivables | 40 | €108,704 | €206,405 | +€97,701 | +89.9% |
| Other amounts receivable | 41 | €6,842 | €7,884 | +€1,042 | +15.2% |
| Cash at bank and in hand | 54/58 | €193,507 | €193,507 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €1,087 | €1,087 | = | 0.0% |
| Total equity and liabilities | 10/49 | €310,140 | €408,883 | +€98,742 | +31.8% |
| Equity | 10/15 | €139,683 | €173,654 | +€33,970 | +24.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €124,775 | €158,675 | +€33,900 | +27.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €122,915 | €156,815 | +€33,900 | +27.6% |
| Profit (loss) carried forward | 14 | €2,508 | €2,579 | +€70 | +2.8% |
| Amounts payable | 17/49 | €170,457 | €235,229 | +€64,772 | +38.0% |
| Amounts payable within one year | 42/48 | €170,457 | €235,229 | +€64,772 | +38.0% |
| Trade debts | 44 | €29,617 | €48,170 | +€18,553 | +62.6% |
| Suppliers | 440/4 | €29,617 | €48,170 | +€18,553 | +62.6% |
| Taxes, remuneration and social security | 45 | €77,712 | €111,931 | +€34,219 | +44.0% |
| Taxes | 450/3 | €77,712 | €111,931 | +€34,219 | +44.0% |
| Other amounts payable | 47/48 | €63,128 | €75,128 | +€12,000 | +19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,537 | - | -€2,537 | |
| Other operating charges | 640/8 | €572 | €585 | +€13 | +2.2% |
| Gross operating margin | 9900 | €33,801 | €54,814 | +€21,013 | +62.2% |
| Operating profit (loss) | 9901 | €30,692 | €54,229 | +€23,537 | +76.7% |
| Financial charges | 65/66B | - | €529 | +€529 | |
| Recurring financial charges | 65 | - | €529 | +€529 | |
| Non-recurring financial charges | 66B | - | €529 | +€529 | |
| Profit (loss) for the period before taxes | 9903 | €30,692 | €53,700 | +€23,008 | +75.0% |
| Income taxes | 67/77 | €11,618 | €19,730 | +€8,112 | +69.8% |
| Profit (loss) for the period | 9904 | €19,074 | €33,970 | +€14,896 | +78.1% |
| Transfer to tax-exempt reserves | 689 | €19,000 | €33,900 | +€14,900 | +78.4% |
| Profit (loss) for the period to be appropriated | 9905 | €74 | €70 | -€4 | -5.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.