OPCON: 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.
OPCON
Largest movements
- Tangible fixed assets -€13,086
down €13,086 (-4.3%), from €302,351 to €289,265
of which Land and buildings: -€11,696
- Other debts +€60,175
up €60,175 (+60.5%), from €99,438 to €159,612
- Profit (loss) carried forward -€42,867
down €42,867 (-32.3%), from -€132,821 to -€175,688
- Debts after one year -€28,435
down €28,435 (-23.4%), from €121,711 to €93,276
- Trade debts -€4,304
down €4,304 (-67.6%), from €6,368 to €2,064
- Gross operating margin +€18,179
up €18,179 (+47.8%), from -€38,000 to -€19,821
- Financial charges +€1,131
up €1,131 (+18.8%), from €6,030 to €7,161
- Staff costs -€969
down €969 (-39.5%), from €2,451 to €1,482
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 | €309,770 | €294,879 | -€14,891 | -4.8% |
| Fixed assets | 21/28 | €302,351 | €289,265 | -€13,086 | -4.3% |
| Tangible fixed assets | 22/27 | €302,351 | €289,265 | -€13,086 | -4.3% |
| Land and buildings | 22 | €299,339 | €287,643 | -€11,696 | -3.9% |
| Furniture and vehicles | 24 | €3,012 | €1,622 | -€1,390 | -46.2% |
| Current assets | 29/58 | €7,419 | €5,614 | -€1,805 | -24.3% |
| Amounts receivable within one year | 40/41 | €2,760 | €4,028 | +€1,267 | +45.9% |
| Other amounts receivable | 41 | €2,760 | €4,028 | +€1,267 | +45.9% |
| Cash at bank and in hand | 54/58 | €4,614 | €1,583 | -€3,031 | -65.7% |
| Deferred charges and accrued income | 490/1 | €45 | €3 | -€42 | -92.6% |
| Total equity and liabilities | 10/49 | €309,770 | €294,879 | -€14,891 | -4.8% |
| Equity | 10/15 | €54,398 | €11,532 | -€42,867 | -78.8% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €180,919 | €180,919 | = | 0.0% |
| 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 | €179,059 | €179,059 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€132,821 | -€175,688 | -€42,867 | -32.3% |
| Amounts payable | 17/49 | €255,372 | €283,347 | +€27,975 | +11.0% |
| Amounts payable after more than one year | 17 | €121,711 | €93,276 | -€28,435 | -23.4% |
| Financial debts | 170/4 | €121,711 | €93,276 | -€28,435 | -23.4% |
| Amounts payable within one year | 42/48 | €133,661 | €190,071 | +€56,410 | +42.2% |
| Current portion of amounts payable after more than one year | 42 | €27,856 | €28,395 | +€540 | +1.9% |
| Trade debts | 44 | €6,368 | €2,064 | -€4,304 | -67.6% |
| Suppliers | 440/4 | €6,368 | €2,064 | -€4,304 | -67.6% |
| Other amounts payable | 47/48 | €99,438 | €159,612 | +€60,175 | +60.5% |
| Remuneration, social security and pensions | 62 | €2,451 | €1,482 | -€969 | -39.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,946 | €13,086 | +€140 | +1.1% |
| Other operating charges | 640/8 | €1,413 | €1,316 | -€97 | -6.9% |
| Gross operating margin | 9900 | -€38,000 | -€19,821 | +€18,179 | +47.8% |
| Operating profit (loss) | 9901 | -€54,810 | -€35,705 | +€19,105 | +34.9% |
| Financial charges | 65/66B | €6,030 | €7,161 | +€1,131 | +18.8% |
| Recurring financial charges | 65 | €6,030 | €7,161 | +€1,131 | +18.8% |
| Profit (loss) for the period before taxes | 9903 | -€60,840 | -€42,867 | +€17,974 | +29.5% |
| Income taxes | 67/77 | €161 | - | -€161 | |
| Profit (loss) for the period | 9904 | -€61,001 | -€42,867 | +€18,134 | +29.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€61,001 | -€42,867 | +€18,134 | +29.7% |
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 26 October 2026 via checked.be.