OPED (I): 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.
OPED (I)
Largest movements
- Financial fixed assets +€1.7m
up €1.7m (+98.6%), from €1.7m to €3.4m
- Receivables after one year -€1.7m
down €1.7m (-22.8%), from €7.3m to €5.7m
- Receivables within one year +€204,250
up €204,250 (+17.6%), from €1.2m to €1.4m
of which Other amounts receivable: +€204,250
- Debts after one year +€150,000
up €150,000 (+2.4%), from €6.4m to €6.5m
of which Financial debts: +€150,000
- Financial income -€623,657
down €623,657 (-92.5%), from €674,029 to €50,372
- Other operating charges -€1,854
down €1,854 (-96.7%), from €1,918 to €64
- Gross operating margin +€443
up €443 (+13.6%), from -€3,270 to -€2,827
- Financial charges -€371
down €371 (-45.2%), from €821 to €450
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,595,917 | €10,778,339 | +€182,422 | +1.7% |
| Fixed assets | 21/28 | €1,718,848 | €3,377,211 | +€1.7m | +96.5% |
| Tangible fixed assets | 22/27 | €23,830 | €10,063 | -€13,767 | -57.8% |
| Land and buildings | 22 | €23,830 | €10,063 | -€13,767 | -57.8% |
| Financial fixed assets | 28 | €1,695,018 | €3,367,148 | +€1.7m | +98.6% |
| Current assets | 29/58 | €8,877,069 | €7,401,127 | -€1.5m | -16.6% |
| Amounts receivable after more than one year | 29 | €7,335,386 | €5,663,256 | -€1.7m | -22.8% |
| Other amounts receivable | 291 | €7,335,386 | €5,663,256 | -€1.7m | -22.8% |
| Amounts receivable within one year | 40/41 | €1,160,805 | €1,365,055 | +€204,250 | +17.6% |
| Trade receivables | 40 | €470 | €470 | = | 0.0% |
| Other amounts receivable | 41 | €1,160,335 | €1,364,585 | +€204,250 | +17.6% |
| Cash at bank and in hand | 54/58 | €105,045 | €96,983 | -€8,062 | -7.7% |
| Deferred charges and accrued income | 490/1 | €275,833 | €275,833 | = | 0.0% |
| Total equity and liabilities | 10/49 | €10,595,917 | €10,778,339 | +€182,422 | +1.7% |
| Equity | 10/15 | €3,831,855 | €3,865,119 | +€33,264 | +0.9% |
| Contributions | 10/11 | €18,658 | €18,658 | = | 0.0% |
| Reserves | 13 | €1,866 | €1,866 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,866 | €1,866 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,866 | €1,866 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,811,331 | €3,844,595 | +€33,264 | +0.9% |
| Amounts payable | 17/49 | €6,764,062 | €6,913,220 | +€149,158 | +2.2% |
| Amounts payable after more than one year | 17 | €6,355,148 | €6,505,148 | +€150,000 | +2.4% |
| Financial debts | 170/4 | €6,355,148 | €6,505,148 | +€150,000 | +2.4% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €407,954 | €408,072 | +€118 | 0.0% |
| Trade debts | 44 | €101,159 | €101,277 | +€118 | +0.1% |
| Suppliers | 440/4 | €101,159 | €101,277 | +€118 | +0.1% |
| Other amounts payable | 47/48 | €306,795 | €306,795 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €960 | €0 | -€960 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,767 | €13,767 | = | 0.0% |
| Other operating charges | 640/8 | €1,918 | €64 | -€1,854 | -96.7% |
| Gross operating margin | 9900 | -€3,270 | -€2,827 | +€443 | +13.6% |
| Operating profit (loss) | 9901 | -€18,954 | -€16,657 | +€2,297 | +12.1% |
| Financial income | 75/76B | €674,029 | €50,372 | -€623,657 | -92.5% |
| Recurring financial income | 75 | €674,029 | €50,372 | -€623,657 | -92.5% |
| Financial charges | 65/66B | €821 | €450 | -€371 | -45.2% |
| Recurring financial charges | 65 | €821 | €450 | -€371 | -45.2% |
| Profit (loss) for the period before taxes | 9903 | €654,253 | €33,264 | -€620,989 | -94.9% |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | €654,253 | €33,264 | -€620,989 | -94.9% |
| Profit (loss) for the period to be appropriated | 9905 | €654,253 | €33,264 | -€620,989 | -94.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.