OPDORP FINANCE: 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.
What changed
OPDORP FINANCE
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2.5m
2024 · €7.6m-€5.1m
Equity
€93.7m
2024 · €91.5m+€2.2m
Cash
€268,156
2024 · €438,634-€170,478
Balance sheet total
€98.1m
2024 · €94.3m+€3.7m
Largest movements
Assets
- Financial fixed assets +€2.6m
up €2.6m (+5.4%), from €47.1m to €49.7m
of which Other financial fixed assets: +€1.5m
- Current investments +€1.3m
up €1.3m (+3.1%), from €42.9m to €44.2m
Equity and liabilities
- Profit (loss) carried forward +€2.2m
up €2.2m (+26.2%), from €8.3m to €10.4m
- Short-term financial debts +€1.3m
up €1.3m (+50.1%), from €2.5m to €3.8m
of which Credit institutions: +€1.5m
Income statement
- Financial income -€4.0m
down €4.0m (-40.6%), from €9.9m to €5.9m
of which Financial income: -€4.9m
- Financial charges +€913,188
up €913,188 (+58.1%), from €1.6m to €2.5m
of which Financial charges: +€1.1m
- Taxes +€93,780
up €93,780 (+277%), from €33,894 to €127,674
- Services and other goods +€37,577
up €37,577 (+4.3%), from €880,205 to €917,782
- Other operating charges +€21,278
up €21,278 (+18.8%), from €113,099 to €134,377
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.
Result 2024
€7.6m
Turnover
+€3,496
Other operating income
+€13,767
Services and other goods
-€37,577
Staff costs
-€10,019
Depreciation
-€848
Other operating charges
-€21,278
Other operating items
-€290
Financial income
-€4.0m
Financial charges
-€913,188
Taxes
-€93,780
Result 2025
€2.5m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€2.8m
Investment
-€3.9m
Financing
+€952,102
Cash 2024
€438,634
From operations (derived)
+€2.8m
Net result for the year
+€2.5m
Depreciation
+€26,880
Receivables after one year
+€19,951
Receivables within one year
-€49,673
Smaller working-capital items
+€3,068
Trade debts
+€101,343
Other debts
+€205,700
Investment (derived)
-€3.9m
Investment in fixed assets (net)
-€2.6m
Current investments
-€1.3m
Financing
+€952,102
Short-term financial debts
+€1.3m
Contributions, distributions and other
-€315,700
Cash 2025
€268,156
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €94,322,349 | €98,060,067 | +€3.7m | +4.0% |
| Fixed assets | 21/28 | €47,325,787 | €49,859,120 | +€2.5m | +5.4% |
| Tangible fixed assets | 22/27 | €183,469 | €156,589 | -€26,880 | -14.7% |
| Furniture and vehicles | 24 | €183,469 | €156,589 | -€26,880 | -14.7% |
| Financial fixed assets | 28 | €47,142,318 | €49,702,530 | +€2.6m | +5.4% |
| Affiliated companies | 280/1 | €28,569,249 | €29,607,886 | +€1.0m | +3.6% |
| Participating interests | 280 | €28,569,249 | €29,607,886 | +€1.0m | +3.6% |
| Companies linked by participating interests | 282/3 | €401,437 | €401,437 | = | 0.0% |
| Participating interests | 282 | €401,437 | €401,437 | = | 0.0% |
| Other financial fixed assets | 284/8 | €18,171,632 | €19,693,207 | +€1.5m | +8.4% |
| Shares | 284 | €18,171,632 | €19,693,207 | +€1.5m | +8.4% |
| Current assets | 29/58 | €46,996,563 | €48,200,947 | +€1.2m | +2.6% |
| Amounts receivable after more than one year | 29 | €2,429,916 | €2,409,966 | -€19,951 | -0.8% |
| Other amounts receivable | 291 | €2,429,916 | €2,409,966 | -€19,951 | -0.8% |
| Amounts receivable within one year | 40/41 | €1,255,254 | €1,304,927 | +€49,673 | +4.0% |
| Trade receivables | 40 | €176,585 | €126,270 | -€50,315 | -28.5% |
| Other amounts receivable | 41 | €1,078,669 | €1,178,657 | +€99,988 | +9.3% |
| Current investments | 50/53 | €42,870,190 | €44,217,726 | +€1.3m | +3.1% |
| Other investments | 51/53 | €42,870,190 | €44,217,726 | +€1.3m | +3.1% |
| Cash at bank and in hand | 54/58 | €438,634 | €268,156 | -€170,478 | -38.9% |
| Deferred charges and accrued income | 490/1 | €2,569 | €173 | -€2,395 | -93.3% |
| Total equity and liabilities | 10/49 | €94,322,349 | €98,060,067 | +€3.7m | +4.0% |
| Equity | 10/15 | €91,549,324 | €93,711,523 | +€2.2m | +2.4% |
| Contributions | 10/11 | €82,589,349 | €82,589,349 | = | 0.0% |
| Reserves | 13 | €692,835 | €692,835 | = | 0.0% |
| Distributable reserves | 133 | €692,835 | €692,835 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,267,140 | €10,429,340 | +€2.2m | +26.2% |
| Amounts payable | 17/49 | €2,773,026 | €4,348,544 | +€1.6m | +56.8% |
| Amounts payable within one year | 42/48 | €2,771,730 | €4,347,543 | +€1.6m | +56.9% |
| Financial debts | 43 | €2,532,198 | €3,800,000 | +€1.3m | +50.1% |
| Credit institutions | 430/8 | €2,300,000 | €3,800,000 | +€1.5m | +65.2% |
| Other loans | 439 | €232,198 | €0 | -€232,198 | -100% |
| Trade debts | 44 | €117,142 | €218,485 | +€101,343 | +86.5% |
| Suppliers | 440/4 | €117,142 | €218,485 | +€101,343 | +86.5% |
| Taxes, remuneration and social security | 45 | €12,390 | €13,358 | +€968 | +7.8% |
| Taxes | 450/3 | €545 | €1,090 | +€545 | +100% |
| Remuneration and social security | 454/9 | €11,845 | €12,269 | +€423 | +3.6% |
| Other amounts payable | 47/48 | €110,000 | €315,700 | +€205,700 | +187% |
| Accrued charges and deferred income | 492/3 | €1,296 | €1,001 | -€295 | -22.8% |
| Operating income | 70/76A | €355,978 | €372,950 | +€16,973 | +4.8% |
| Turnover | 70 | €346,408 | €349,904 | +€3,496 | +1.0% |
| Other operating income | 74 | €4,569 | €18,336 | +€13,767 | +301% |
| Non-recurring operating income | 76A | €5,000 | €4,710 | -€290 | -5.8% |
| Operating charges | 60/66A | €1,108,698 | €1,178,421 | +€69,723 | +6.3% |
| Services and other goods | 61 | €880,205 | €917,782 | +€37,577 | +4.3% |
| Remuneration, social security and pensions | 62 | €89,363 | €99,382 | +€10,019 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,031 | €26,880 | +€848 | +3.3% |
| Other operating charges | 640/8 | €113,099 | €134,377 | +€21,278 | +18.8% |
| Operating profit (loss) | 9901 | -€752,721 | -€805,471 | -€52,750 | -7.0% |
| Financial income | 75/76B | €9,919,305 | €5,894,892 | -€4.0m | -40.6% |
| Recurring financial income | 75 | €9,218,771 | €4,289,887 | -€4.9m | -53.5% |
| Income from financial fixed assets | 750 | €1,135,811 | €1,215,617 | +€79,806 | +7.0% |
| Income from current assets | 751 | €987,311 | €2,235,282 | +€1.2m | +126% |
| Other financial income | 752/9 | €7,095,649 | €838,988 | -€6.3m | -88.2% |
| Non-recurring financial income | 76B | €700,534 | €1,605,005 | +€904,471 | +129% |
| Financial charges | 65/66B | €1,570,659 | €2,483,847 | +€913,188 | +58.1% |
| Recurring financial charges | 65 | €570,659 | €1,680,406 | +€1.1m | +194% |
| Debt charges | 650 | €166,734 | €100,303 | -€66,431 | -39.8% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €287,766 | €154,583 | -€133,183 | -46.3% |
| Other financial charges | 652/9 | €116,158 | €1,425,519 | +€1.3m | +1,127% |
| Non-recurring financial charges | 66B | €1,000,000 | €803,442 | -€196,558 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €7,595,925 | €2,605,574 | -€5.0m | -65.7% |
| Income taxes | 67/77 | €33,894 | €127,674 | +€93,780 | +277% |
| Taxes | 670/3 | €33,894 | €127,674 | +€93,780 | +277% |
| Profit (loss) for the period | 9904 | €7,562,031 | €2,477,899 | -€5.1m | -67.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,562,031 | €2,477,899 | -€5.1m | -67.2% |
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 24 October 2026 via checked.be.