OPENINGWAYS: what changed
OPENINGWAYS
Largest movements
- Cash +€12,714
up €12,714 (+50.1%), from €25,374 to €38,088
mainly Other debts (+€11,340) and Receivables within one year (+€3,349)
- Receivables within one year -€3,349
down €3,349 (-19.5%), from €17,175 to €13,825
of which Trade receivables: -€2,249
- Tangible fixed assets -€564
down €564 (-42.2%), from €1,338 to €774
of which Plant, machinery and equipment: -€371
- Other debts +€11,340
up €11,340 (+33.3%), from €34,031 to €45,372
- Advances received -€6,390
no longer reported in 2025 (was €6,390)
- Profit (loss) carried forward +€2,800
up €2,800 (+46.2%), from -€6,062 to -€3,261
- Tax, wage and social debts +€1,367
up €1,367 (+264%), from €518 to €1,884
- Taxes -€2,672
down €2,672, from €1,400 to -€1,272
- Gross operating margin -€2,629
down €2,629 (-46.2%), from €5,687 to €3,058
- Financial charges -€653
down €653 (-53.3%), from €1,224 to €571
- Other operating charges -€136
down €136 (-25.4%), from €536 to €400
- Depreciation -€113
down €113 (-16.6%), from €677 to €564
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €44,997 | €53,815 | +€8,818 | +19.6% |
| Fixed assets | 21/28 | €1,338 | €774 | -€564 | -42.2% |
| Tangible fixed assets | 22/27 | €1,338 | €774 | -€564 | -42.2% |
| Plant, machinery and equipment | 23 | €371 | - | -€371 | |
| Furniture and vehicles | 24 | €967 | €774 | -€193 | -20.0% |
| Current assets | 29/58 | €43,659 | €53,041 | +€9,382 | +21.5% |
| Amounts receivable within one year | 40/41 | €17,175 | €13,825 | -€3,349 | -19.5% |
| Trade receivables | 40 | €14,825 | €12,575 | -€2,249 | -15.2% |
| Other amounts receivable | 41 | €2,350 | €1,250 | -€1,100 | -46.8% |
| Cash at bank and in hand | 54/58 | €25,374 | €38,088 | +€12,714 | +50.1% |
| Deferred charges and accrued income | 490/1 | €1,111 | €1,128 | +€18 | +1.6% |
| Total equity and liabilities | 10/49 | €44,997 | €53,815 | +€8,818 | +19.6% |
| Equity | 10/15 | €1,998 | €4,799 | +€2,800 | +140% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,062 | -€3,261 | +€2,800 | +46.2% |
| Amounts payable | 17/49 | €42,999 | €49,016 | +€6,017 | +14.0% |
| Amounts payable within one year | 42/48 | €42,986 | €49,016 | +€6,030 | +14.0% |
| Trade debts | 44 | €2,047 | €1,760 | -€287 | -14.0% |
| Suppliers | 440/4 | €2,047 | €1,760 | -€287 | -14.0% |
| Advances received on contracts in progress | 46 | €6,390 | - | -€6,390 | |
| Taxes, remuneration and social security | 45 | €518 | €1,884 | +€1,367 | +264% |
| Taxes | 450/3 | €518 | €1,884 | +€1,367 | +264% |
| Other amounts payable | 47/48 | €34,031 | €45,372 | +€11,340 | +33.3% |
| Accrued charges and deferred income | 492/3 | €13 | - | -€13 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €677 | €564 | -€113 | -16.6% |
| Other operating charges | 640/8 | €536 | €400 | -€136 | -25.4% |
| Operating charges capitalised as restructuring costs | 649 | €0 | - | = | |
| Gross operating margin | 9900 | €5,687 | €3,058 | -€2,629 | -46.2% |
| Operating profit (loss) | 9901 | €4,475 | €2,094 | -€2,381 | -53.2% |
| Financial income | 75/76B | €6 | €6 | +€0 | +1.6% |
| Recurring financial income | 75 | €6 | €6 | +€0 | +1.6% |
| Financial charges | 65/66B | €1,224 | €571 | -€653 | -53.3% |
| Recurring financial charges | 65 | €1,224 | €571 | -€653 | -53.3% |
| Profit (loss) for the period before taxes | 9903 | €3,256 | €1,528 | -€1,728 | -53.1% |
| Income taxes | 67/77 | €1,400 | -€1,272 | -€2,672 | |
| Profit (loss) for the period | 9904 | €1,856 | €2,800 | +€944 | +50.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,856 | €2,800 | +€944 | +50.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.