OPDEL: 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.
What changed
OPDEL
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
fiscal year 2025 against 2026filed annual accounts (NBB)
Net result for the year
€581,568
2025 · €525,906+€55,662
Equity
€2.8m
2025 · €2.7m+€101,568
Cash
€968,789
2025 · €613,254+€355,535
Balance sheet total
€4.2m
2025 · €4.0m+€203,072
Largest movements
Assets
- Current investments +€590,084
new in 2026: €590,084
- Receivables after one year -€573,666
down €573,666 (-25.8%), from €2.2m to €1.6m
- Cash +€355,535
up €355,535 (+58.0%), from €613,254 to €968,789
mainly Net result for the year (+€581,568) and Receivables after one year (+€573,666)
- Stocks and contracts -€62,785
down €62,785 (-10.5%), from €599,770 to €536,986
- Tangible fixed assets -€59,428
down €59,428 (-14.6%), from €407,682 to €348,253
Equity and liabilities
- Reserves +€101,568
up €101,568 (+4.2%), from €2.4m to €2.5m
of which Distributable reserves: +€718,155
- Trade debts +€68,178
up €68,178 (+9.8%), from €699,119 to €767,297
Income statement
- Gross operating margin +€159,536
up €159,536 (+8.9%), from €1.8m to €2.0m
- Staff costs +€49,233
up €49,233 (+4.2%), from €1.2m to €1.2m
- Taxes +€22,077
up €22,077 (+170.6%), from €12,942 to €35,019
From the 2025 result to the 2026 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.
Result 2025
€525,906
Gross operating margin
+€159,536
Staff costs
-€49,233
Depreciation
-€16,226
Other operating charges
-€2,966
Financial income
+€772
Financial charges
-€14,146
Taxes
-€22,077
Result 2026
€581,568
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€1.4m
Investment
-€604,419
Financing
-€480,000
Cash 2025
€613,254
From operations (derived)
+€1.4m
Net result for the year
+€581,568
Depreciation
+€75,261
Receivables after one year
+€573,666
Stocks and contracts
+€62,785
Receivables within one year
+€49,054
Deferred charges and accrued income
-€3,884
Trade debts
+€68,178
Tax, wage and social debts
+€32,598
Other debts
-€1,272
Accrued charges and deferred income
+€2,000
Investment (derived)
-€604,419
Investment in fixed assets (net)
-€14,335
Current investments
-€590,084
Financing
-€480,000
Contributions, distributions and other
-€480,000
Cash 2026
€968,789
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,036,991 | €4,240,062 | +€203,072 | +5.0% |
| Fixed assets | 21/28 | €411,553 | €350,627 | -€60,926 | -14.8% |
| Intangible fixed assets | 21 | €2,475 | €977 | -€1,497 | -60.5% |
| Tangible fixed assets | 22/27 | €407,682 | €348,253 | -€59,428 | -14.6% |
| Plant, machinery and equipment | 23 | €192,171 | €168,097 | -€24,073 | -12.5% |
| Furniture and vehicles | 24 | €50,159 | €40,058 | -€10,101 | -20.1% |
| Other tangible fixed assets | 26 | €165,352 | €140,098 | -€25,254 | -15.3% |
| Financial fixed assets | 28 | €1,396 | €1,396 | = | 0.0% |
| Current assets | 29/58 | €3,625,438 | €3,889,436 | +€263,998 | +7.3% |
| Amounts receivable after more than one year | 29 | €2,221,080 | €1,647,414 | -€573,666 | -25.8% |
| Other amounts receivable | 291 | €2,221,080 | €1,647,414 | -€573,666 | -25.8% |
| Stocks and contracts in progress | 3 | €599,770 | €536,986 | -€62,785 | -10.5% |
| Stocks | 30/36 | €599,770 | €536,986 | -€62,785 | -10.5% |
| Amounts receivable within one year | 40/41 | €191,290 | €142,236 | -€49,054 | -25.6% |
| Trade receivables | 40 | €123,816 | €109,742 | -€14,075 | -11.4% |
| Other amounts receivable | 41 | €67,473 | €32,494 | -€34,979 | -51.8% |
| Current investments | 50/53 | - | €590,084 | +€590,084 | |
| Cash at bank and in hand | 54/58 | €613,254 | €968,789 | +€355,535 | +58.0% |
| Deferred charges and accrued income | 490/1 | €44 | €3,927 | +€3,884 | +8905.7% |
| Total equity and liabilities | 10/49 | €4,036,991 | €4,240,062 | +€203,072 | +5.0% |
| Equity | 10/15 | €2,657,858 | €2,759,426 | +€101,568 | +3.8% |
| Contributions | 10/11 | €240,000 | €240,000 | = | 0.0% |
| Reserves | 13 | €2,417,858 | €2,519,426 | +€101,568 | +4.2% |
| Non-distributable reserves | 130/1 | €2,304,857 | €1,688,270 | -€616,587 | -26.8% |
| Reserves not available under the articles | 1311 | €13,977 | €13,977 | = | 0.0% |
| Financial assistance | 1313 | €2,290,880 | €1,674,293 | -€616,587 | -26.9% |
| Distributable reserves | 133 | €113,001 | €831,155 | +€718,155 | +635.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,379,133 | €1,480,637 | +€101,504 | +7.4% |
| Amounts payable within one year | 42/48 | €1,377,529 | €1,477,033 | +€99,504 | +7.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €699,119 | €767,297 | +€68,178 | +9.8% |
| Suppliers | 440/4 | €699,119 | €767,297 | +€68,178 | +9.8% |
| Taxes, remuneration and social security | 45 | €194,810 | €227,408 | +€32,598 | +16.7% |
| Taxes | 450/3 | €19,027 | €21,057 | +€2,030 | +10.7% |
| Remuneration and social security | 454/9 | €175,783 | €206,352 | +€30,568 | +17.4% |
| Other amounts payable | 47/48 | €483,600 | €482,328 | -€1,272 | -0.3% |
| Accrued charges and deferred income | 492/3 | €1,604 | €3,604 | +€2,000 | +124.7% |
| Non-recurring operating income | 76A | - | €3,049 | +€3,049 | |
| Remuneration, social security and pensions | 62 | €1,165,235 | €1,214,468 | +€49,233 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,035 | €75,261 | +€16,226 | +27.5% |
| Other operating charges | 640/8 | €13,042 | €16,008 | +€2,966 | +22.7% |
| Gross operating margin | 9900 | €1,794,767 | €1,954,303 | +€159,536 | +8.9% |
| Operating profit (loss) | 9901 | €557,454 | €648,566 | +€91,112 | +16.3% |
| Financial income | 75/76B | €0 | €772 | +€772 | |
| Recurring financial income | 75 | €0 | €772 | +€772 | |
| Financial charges | 65/66B | €18,606 | €32,752 | +€14,146 | +76.0% |
| Recurring financial charges | 65 | €18,606 | €32,752 | +€14,146 | +76.0% |
| Profit (loss) for the period before taxes | 9903 | €538,848 | €616,587 | +€77,739 | +14.4% |
| Income taxes | 67/77 | €12,942 | €35,019 | +€22,077 | +170.6% |
| Profit (loss) for the period | 9904 | €525,906 | €581,568 | +€55,662 | +10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €525,906 | €581,568 | +€55,662 | +10.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.