OPCAM: 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.
OPCAM
Largest movements
- Cash +€37,427
up €37,427 (+167.2%), from €22,378 to €59,805
mainly Net result for the year (+€38,184) and Other debts (+€28,559)
- Tangible fixed assets -€21,003
down €21,003 (-11.9%), from €175,941 to €154,938
- Receivables within one year -€12,572
down €12,572 (-37.6%), from €33,459 to €20,888
of which Trade receivables: -€18,911
- Other debts +€28,559
up €28,559 (+698.9%), from €4,086 to €32,645
- Tax, wage and social debts +€22,553
up €22,553 (+814.4%), from €2,769 to €25,323
of which Taxes: +€16,217
- Reserves -€22,000
down €22,000 (-15.3%), from €144,260 to €122,260
of which Distributable reserves: -€22,000
- Debts after one year -€16,074
down €16,074 (-74.0%), from €21,722 to €5,647
- Current portion of long-term debt -€6,316
down €6,316 (-28.4%), from €22,233 to €15,917
- Gross operating margin +€65,936
up €65,936 (+295.3%), from €22,332 to €88,268
- Taxes +€21,118
up €21,118 (+804.6%), from €2,624 to €23,742
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 | €231,778 | €235,630 | +€3,852 | +1.7% |
| Fixed assets | 21/28 | €175,941 | €154,938 | -€21,003 | -11.9% |
| Tangible fixed assets | 22/27 | €175,941 | €154,938 | -€21,003 | -11.9% |
| Land and buildings | 22 | €61,661 | €56,600 | -€5,061 | -8.2% |
| Plant, machinery and equipment | 23 | €1,419 | €637 | -€781 | -55.1% |
| Furniture and vehicles | 24 | €7,714 | €4,934 | -€2,780 | -36.0% |
| Leasing and similar rights | 25 | €14,565 | €9,179 | -€5,386 | -37.0% |
| Other tangible fixed assets | 26 | €90,583 | €83,587 | -€6,995 | -7.7% |
| Current assets | 29/58 | €55,837 | €80,693 | +€24,855 | +44.5% |
| Amounts receivable within one year | 40/41 | €33,459 | €20,888 | -€12,572 | -37.6% |
| Trade receivables | 40 | €20,957 | €2,046 | -€18,911 | -90.2% |
| Other amounts receivable | 41 | €12,502 | €18,841 | +€6,339 | +50.7% |
| Cash at bank and in hand | 54/58 | €22,378 | €59,805 | +€37,427 | +167.2% |
| Total equity and liabilities | 10/49 | €231,778 | €235,630 | +€3,852 | +1.7% |
| Equity | 10/15 | €170,899 | €149,083 | -€21,816 | -12.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €144,260 | €122,260 | -€22,000 | -15.3% |
| 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 | €142,400 | €120,400 | -€22,000 | -15.4% |
| Profit (loss) carried forward | 14 | €8,039 | €8,223 | +€184 | +2.3% |
| Amounts payable | 17/49 | €60,879 | €86,547 | +€25,668 | +42.2% |
| Amounts payable after more than one year | 17 | €21,722 | €5,647 | -€16,074 | -74.0% |
| Financial debts | 170/4 | €21,722 | €5,647 | -€16,074 | -74.0% |
| Amounts payable within one year | 42/48 | €39,158 | €80,900 | +€41,742 | +106.6% |
| Current portion of amounts payable after more than one year | 42 | €22,233 | €15,917 | -€6,316 | -28.4% |
| Trade debts | 44 | €10,069 | €7,016 | -€3,054 | -30.3% |
| Suppliers | 440/4 | €10,069 | €7,016 | -€3,054 | -30.3% |
| Taxes, remuneration and social security | 45 | €2,769 | €25,323 | +€22,553 | +814.4% |
| Taxes | 450/3 | €2,769 | €18,987 | +€16,217 | +585.6% |
| Remuneration and social security | 454/9 | - | €6,336 | +€6,336 | |
| Other amounts payable | 47/48 | €4,086 | €32,645 | +€28,559 | +698.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,616 | €22,140 | +€523 | +2.4% |
| Other operating charges | 640/8 | €2,997 | €2,592 | -€404 | -13.5% |
| Gross operating margin | 9900 | €22,332 | €88,268 | +€65,936 | +295.3% |
| Operating profit (loss) | 9901 | -€2,281 | €63,536 | +€65,817 | |
| Financial income | 75/76B | €136 | €54 | -€82 | -60.0% |
| Recurring financial income | 75 | €136 | €54 | -€82 | -60.0% |
| Financial charges | 65/66B | €2,456 | €1,664 | -€792 | -32.2% |
| Recurring financial charges | 65 | €2,456 | €1,664 | -€792 | -32.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,601 | €61,926 | +€66,528 | |
| Income taxes | 67/77 | €2,624 | €23,742 | +€21,118 | +804.6% |
| Profit (loss) for the period | 9904 | -€7,226 | €38,184 | +€45,410 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,226 | €38,184 | +€45,410 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.