OpenS: 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.
OpenS
Largest movements
- Current investments +€2.0m
up €2.0m (+264.2%), from €768,008 to €2.8m
- Receivables within one year -€487,286
down €487,286 (-22.7%), from €2.1m to €1.7m
of which Trade receivables: -€564,336
- Cash -€181,177
down €181,177 (-34.9%), from €519,040 to €337,863
mainly Current investments (-€2.0m) and Tax, wage and social debts (-€377,904)
- Intangible fixed assets -€74,175
down €74,175 (-15.2%), from €487,000 to €412,825
- Deferred charges and accrued income +€59,463
up €59,463 (+40.9%), from €145,490 to €204,953
- Profit (loss) carried forward +€1.6m
up €1.6m (+66.4%), from €2.4m to €3.9m
- Tax, wage and social debts -€377,904
down €377,904 (-44.7%), from €845,214 to €467,310
of which Taxes: -€381,239
- Trade debts +€179,509
up €179,509 (+20.7%), from €866,152 to €1.0m
- Gross operating margin -€404,040
down €404,040 (-7.7%), from €5.2m to €4.8m
- Purchases and services -€255,674
down €255,674 (-6.5%), from €3.9m to €3.7m
- Turnover +€166,845
up €166,845 (+2.4%), from €6.9m to €7.1m
- Depreciation +€92,195
up €92,195 (+1820.0%), from €5,066 to €97,260
- Taxes -€89,235
down €89,235 (-12.4%), from €722,310 to €633,075
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 | €4,121,343 | €5,469,691 | +€1.3m | +32.7% |
| Fixed assets | 21/28 | €519,007 | €446,748 | -€72,259 | -13.9% |
| Intangible fixed assets | 21 | €487,000 | €412,825 | -€74,175 | -15.2% |
| Tangible fixed assets | 22/27 | €9,953 | €11,870 | +€1,916 | +19.3% |
| Furniture and vehicles | 24 | €9,953 | €11,870 | +€1,916 | +19.3% |
| Financial fixed assets | 28 | €22,053 | €22,053 | = | 0.0% |
| Current assets | 29/58 | €3,602,336 | €5,022,943 | +€1.4m | +39.4% |
| Stocks and contracts in progress | 3 | €27,169 | €28,031 | +€862 | +3.2% |
| Stocks | 30/36 | €27,169 | €28,031 | +€862 | +3.2% |
| Amounts receivable within one year | 40/41 | €2,142,628 | €1,655,342 | -€487,286 | -22.7% |
| Trade receivables | 40 | €2,134,215 | €1,569,879 | -€564,336 | -26.4% |
| Other amounts receivable | 41 | €8,413 | €85,463 | +€77,050 | +915.9% |
| Current investments | 50/53 | €768,008 | €2,796,753 | +€2.0m | +264.2% |
| Cash at bank and in hand | 54/58 | €519,040 | €337,863 | -€181,177 | -34.9% |
| Deferred charges and accrued income | 490/1 | €145,490 | €204,953 | +€59,463 | +40.9% |
| Total equity and liabilities | 10/49 | €4,121,343 | €5,469,691 | +€1.3m | +32.7% |
| Equity | 10/15 | €2,390,213 | €3,953,845 | +€1.6m | +65.4% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €3,100 | €3,100 | = | 0.0% |
| Distributable reserves | 133 | €3,100 | €3,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,356,113 | €3,919,745 | +€1.6m | +66.4% |
| Provisions and deferred taxes | 16 | €0 | €0 | = | |
| Provisions for liabilities and charges | 160/5 | €0 | €0 | = | |
| Other liabilities and charges | 164/5 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,731,129 | €1,515,845 | -€215,284 | -12.4% |
| Amounts payable after more than one year | 17 | €0 | €0 | = | |
| Financial debts | 170/4 | €0 | €0 | = | |
| Amounts payable within one year | 42/48 | €1,727,129 | €1,515,845 | -€211,284 | -12.2% |
| Current portion of amounts payable after more than one year | 42 | €15,763 | €2,874 | -€12,889 | -81.8% |
| Financial debts | 43 | €0 | €0 | = | |
| Credit institutions | 430/8 | €0 | €0 | = | |
| Trade debts | 44 | €866,152 | €1,045,661 | +€179,509 | +20.7% |
| Suppliers | 440/4 | €866,152 | €1,045,661 | +€179,509 | +20.7% |
| Taxes, remuneration and social security | 45 | €845,214 | €467,310 | -€377,904 | -44.7% |
| Taxes | 450/3 | €561,917 | €180,678 | -€381,239 | -67.8% |
| Remuneration and social security | 454/9 | €283,297 | €286,632 | +€3,335 | +1.2% |
| Accrued charges and deferred income | 492/3 | €4,000 | €0 | -€4,000 | -100.0% |
| Turnover | 70 | €6,924,776 | €7,091,621 | +€166,845 | +2.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,906,469 | €3,650,795 | -€255,674 | -6.5% |
| Remuneration, social security and pensions | 62 | €2,607,056 | €2,551,789 | -€55,267 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,066 | €97,260 | +€92,195 | +1820.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €0 | = | |
| Gross operating margin | 9900 | €5,240,827 | €4,836,788 | -€404,040 | -7.7% |
| Operating profit (loss) | 9901 | €2,628,706 | €2,187,739 | -€440,967 | -16.8% |
| Financial income | 75/76B | €13,523 | €35,311 | +€21,787 | +161.1% |
| Recurring financial income | 75 | €13,523 | €35,311 | +€21,787 | +161.1% |
| Financial charges | 65/66B | €29,543 | €26,342 | -€3,201 | -10.8% |
| Recurring financial charges | 65 | €29,543 | €26,342 | -€3,201 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €2,612,686 | €2,196,707 | -€415,979 | -15.9% |
| Income taxes | 67/77 | €722,310 | €633,075 | -€89,235 | -12.4% |
| Profit (loss) for the period | 9904 | €1,890,376 | €1,563,632 | -€326,744 | -17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,890,376 | €1,563,632 | -€326,744 | -17.3% |
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 9 October 2026 via checked.be.