OPDECAM: 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.
OPDECAM
Largest movements
- Receivables within one year -€65,731
down €65,731 (-53.0%), from €124,000 to €58,269
of which Other amounts receivable: -€58,393
- Cash +€37,893
up €37,893 (+154.1%), from €24,597 to €62,490
mainly Receivables within one year (+€65,731) and Trade debts (+€15,181)
- Profit (loss) carried forward -€37,137
down €37,137 (-26.0%), from €142,778 to €105,641
- Trade debts +€15,181
up €15,181 (+52.9%), from €28,718 to €43,899
- Tax, wage and social debts -€7,904
no longer reported in 2025 (was €7,904)
- Gross operating margin -€47,962
down €47,962, from €13,797 to -€34,165
- Depreciation -€15,524
down €15,524 (-98.4%), from €15,776 to €252
- Financial income -€7,230
down €7,230 (-99.9%), from €7,234 to €4
- Taxes -€1,631
no longer reported in 2025 (was €1,631)
- Financial charges +€934
up €934 (+87.7%), from €1,065 to €1,999
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 | €463,352 | €436,837 | -€26,515 | -5.7% |
| Fixed assets | 21/28 | €276,139 | €275,891 | -€247 | -0.1% |
| Tangible fixed assets | 22/27 | €275,829 | €275,582 | -€247 | -0.1% |
| Land and buildings | 22 | €271,348 | €271,348 | = | 0.0% |
| Plant, machinery and equipment | 23 | €4,481 | €4,234 | -€247 | -5.5% |
| Financial fixed assets | 28 | €310 | €310 | = | 0.0% |
| Current assets | 29/58 | €187,213 | €160,946 | -€26,268 | -14.0% |
| Stocks and contracts in progress | 3 | €38,616 | €40,187 | +€1,570 | +4.1% |
| Stocks | 30/36 | €38,616 | €40,187 | +€1,570 | +4.1% |
| Amounts receivable within one year | 40/41 | €124,000 | €58,269 | -€65,731 | -53.0% |
| Trade receivables | 40 | €29,174 | €21,836 | -€7,338 | -25.2% |
| Other amounts receivable | 41 | €94,826 | €36,433 | -€58,393 | -61.6% |
| Cash at bank and in hand | 54/58 | €24,597 | €62,490 | +€37,893 | +154.1% |
| Total equity and liabilities | 10/49 | €463,352 | €436,837 | -€26,515 | -5.7% |
| Equity | 10/15 | €223,478 | €186,341 | -€37,137 | -16.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €74,500 | €74,500 | = | 0.0% |
| Distributable reserves | 133 | €74,500 | €74,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €142,778 | €105,641 | -€37,137 | -26.0% |
| Amounts payable | 17/49 | €239,874 | €250,495 | +€10,622 | +4.4% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Financial debts | 170/4 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €139,874 | €150,495 | +€10,622 | +7.6% |
| Trade debts | 44 | €28,718 | €43,899 | +€15,181 | +52.9% |
| Suppliers | 440/4 | €28,718 | €43,899 | +€15,181 | +52.9% |
| Taxes, remuneration and social security | 45 | €7,904 | - | -€7,904 | |
| Taxes | 450/3 | €7,904 | - | -€7,904 | |
| Other amounts payable | 47/48 | €103,251 | €106,596 | +€3,345 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,776 | €252 | -€15,524 | -98.4% |
| Other operating charges | 640/8 | €528 | €726 | +€198 | +37.5% |
| Gross operating margin | 9900 | €13,797 | -€34,165 | -€47,962 | |
| Operating profit (loss) | 9901 | -€2,507 | -€35,142 | -€32,636 | -1301.9% |
| Financial income | 75/76B | €7,234 | €4 | -€7,230 | -99.9% |
| Recurring financial income | 75 | €7,234 | €4 | -€7,230 | -99.9% |
| Financial charges | 65/66B | €1,065 | €1,999 | +€934 | +87.7% |
| Recurring financial charges | 65 | €1,065 | €1,999 | +€934 | +87.7% |
| Profit (loss) for the period before taxes | 9903 | €3,662 | -€37,137 | -€40,799 | |
| Income taxes | 67/77 | €1,631 | - | -€1,631 | |
| Profit (loss) for the period | 9904 | €2,031 | -€37,137 | -€39,168 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,031 | -€37,137 | -€39,168 |
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 8 October 2026 via checked.be.