OPCA: 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.
OPCA
Largest movements
- Receivables within one year -€34,192
down €34,192 (-49.4%), from €69,192 to €35,000
- Tangible fixed assets -€24,351
down €24,351 (-4.1%), from €596,615 to €572,265
of which Land and buildings: -€24,071
- Cash +€20,163
up €20,163 (+710.4%), from €2,838 to €23,002
mainly Receivables within one year (+€34,192) and Net result for the year (+€32,345)
- Other debts -€49,508
down €49,508 (-26.5%), from €187,110 to €137,602
- Reserves +€32,345
up €32,345 (+1739.0%), from €1,860 to €34,205
of which Distributable reserves: +€32,345
- Debts after one year -€13,670
down €13,670 (-11.5%), from €118,503 to €104,833
- Tax, wage and social debts -€8,144
down €8,144 (-54.6%), from €14,910 to €6,766
- Gross operating margin -€2,620
down €2,620 (-3.1%), from €85,562 to €82,942
- Taxes +€2,213
up €2,213 (+16.4%), from €13,506 to €15,718
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 | €670,322 | €631,898 | -€38,424 | -5.7% |
| Fixed assets | 21/28 | €596,615 | €572,265 | -€24,351 | -4.1% |
| Tangible fixed assets | 22/27 | €596,615 | €572,265 | -€24,351 | -4.1% |
| Land and buildings | 22 | €592,622 | €568,552 | -€24,071 | -4.1% |
| Furniture and vehicles | 24 | €3,993 | €3,713 | -€280 | -7.0% |
| Current assets | 29/58 | €73,707 | €59,634 | -€14,073 | -19.1% |
| Amounts receivable within one year | 40/41 | €69,192 | €35,000 | -€34,192 | -49.4% |
| Trade receivables | 40 | €69,192 | €35,000 | -€34,192 | -49.4% |
| Cash at bank and in hand | 54/58 | €2,838 | €23,002 | +€20,163 | +710.4% |
| Deferred charges and accrued income | 490/1 | €1,677 | €1,632 | -€44 | -2.7% |
| Total equity and liabilities | 10/49 | €670,322 | €631,898 | -€38,424 | -5.7% |
| Equity | 10/15 | €335,551 | €367,896 | +€32,345 | +9.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €34,205 | +€32,345 | +1739.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €32,345 | +€32,345 | |
| Profit (loss) carried forward | 14 | €315,091 | €315,091 | = | 0.0% |
| Amounts payable | 17/49 | €334,771 | €264,002 | -€70,769 | -21.1% |
| Amounts payable after more than one year | 17 | €118,503 | €104,833 | -€13,670 | -11.5% |
| Financial debts | 170/4 | €118,503 | €104,833 | -€13,670 | -11.5% |
| Amounts payable within one year | 42/48 | €215,160 | €158,038 | -€57,122 | -26.5% |
| Current portion of amounts payable after more than one year | 42 | €13,140 | €13,670 | +€530 | +4.0% |
| Taxes, remuneration and social security | 45 | €14,910 | €6,766 | -€8,144 | -54.6% |
| Taxes | 450/3 | €14,910 | €6,766 | -€8,144 | -54.6% |
| Other amounts payable | 47/48 | €187,110 | €137,602 | -€49,508 | -26.5% |
| Accrued charges and deferred income | 492/3 | €1,108 | €1,131 | +€23 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,023 | €26,544 | -€478 | -1.8% |
| Other operating charges | 640/8 | €3,123 | €3,219 | +€97 | +3.1% |
| Gross operating margin | 9900 | €85,562 | €82,942 | -€2,620 | -3.1% |
| Operating profit (loss) | 9901 | €55,417 | €53,179 | -€2,238 | -4.0% |
| Financial charges | 65/66B | €5,625 | €5,116 | -€509 | -9.1% |
| Recurring financial charges | 65 | €5,625 | €5,116 | -€509 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €49,792 | €48,063 | -€1,729 | -3.5% |
| Income taxes | 67/77 | €13,506 | €15,718 | +€2,213 | +16.4% |
| Profit (loss) for the period | 9904 | €36,286 | €32,345 | -€3,942 | -10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €36,286 | €32,345 | -€3,942 | -10.9% |
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 4 October 2026 via checked.be.