Oper Credits: 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.
Oper Credits
Largest movements
- Intangible fixed assets -€454,960
down €454,960 (-42.1%), from €1.1m to €625,402
- Financial fixed assets +€454,414
up €454,414 (+18.3%), from €2.5m to €2.9m
- Cash -€217,148
down €217,148 (-34.6%), from €627,276 to €410,128
mainly Net result for the year (-€2.9m) and Investment in fixed assets (net) (-€454,000)
- Deferred charges and accrued income +€116,637
up €116,637 (+453%), from €25,764 to €142,400
- Receivables within one year -€69,382
down €69,382 (-17.4%), from €398,642 to €329,260
of which Trade receivables: -€194,087
- Profit (loss) carried forward -€2.8m
down €2.8m (-100%), from -€2.8m to -€5.5m
- Other debts +€1.7m
up €1.7m (+5,735,686%), from €30 to €1.7m
- Accrued charges and deferred income +€684,901
up €684,901 (+361%), from €189,806 to €874,707
- Trade debts +€141,586
up €141,586 (+57.9%), from €244,492 to €386,078
- Gross operating margin +€237,130
up €237,130 (+11.2%), from -€2.1m to -€1.9m
- Staff costs +€168,531
up €168,531 (+69.1%), from €243,743 to €412,274
- Financial income -€123,077
down €123,077 (-89.0%), from €138,303 to €15,226
of which Non-recurring financial income: -€97,800
- Depreciation -€45,518
down €45,518 (-9.0%), from €503,110 to €457,592
- Provisions +€27,346
new in 2025: €27,346
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,796,090 | €4,631,344 | -€164,745 | -3.4% |
| Fixed assets | 21/28 | €3,569,604 | €3,566,012 | -€3,592 | -0.1% |
| Intangible fixed assets | 21 | €1,080,362 | €625,402 | -€454,960 | -42.1% |
| Tangible fixed assets | 22/27 | €8,215 | €5,169 | -€3,046 | -37.1% |
| Furniture and vehicles | 24 | €8,215 | €5,169 | -€3,046 | -37.1% |
| Financial fixed assets | 28 | €2,481,027 | €2,935,441 | +€454,414 | +18.3% |
| Current assets | 29/58 | €1,226,486 | €1,065,333 | -€161,153 | -13.1% |
| Amounts receivable after more than one year | 29 | €174,804 | €183,544 | +€8,740 | +5.0% |
| Other amounts receivable | 291 | €174,804 | €183,544 | +€8,740 | +5.0% |
| Amounts receivable within one year | 40/41 | €398,642 | €329,260 | -€69,382 | -17.4% |
| Trade receivables | 40 | €381,434 | €187,347 | -€194,087 | -50.9% |
| Other amounts receivable | 41 | €17,208 | €141,913 | +€124,705 | +725% |
| Cash at bank and in hand | 54/58 | €627,276 | €410,128 | -€217,148 | -34.6% |
| Deferred charges and accrued income | 490/1 | €25,764 | €142,400 | +€116,637 | +453% |
| Total equity and liabilities | 10/49 | €4,796,090 | €4,631,344 | -€164,745 | -3.4% |
| Equity | 10/15 | €4,342,899 | €1,584,714 | -€2.8m | -63.5% |
| Contributions | 10/11 | €7,099,654 | €7,099,654 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,756,755 | -€5,514,940 | -€2.8m | -100% |
| Provisions and deferred taxes | 16 | - | €27,346 | +€27,346 | |
| Provisions for liabilities and charges | 160/5 | - | €27,346 | +€27,346 | |
| Environmental obligations | 163 | - | €27,346 | +€27,346 | |
| Amounts payable | 17/49 | €453,190 | €3,019,285 | +€2.6m | +566% |
| Amounts payable within one year | 42/48 | €263,384 | €2,144,578 | +€1.9m | +714% |
| Trade debts | 44 | €244,492 | €386,078 | +€141,586 | +57.9% |
| Suppliers | 440/4 | €244,492 | €386,078 | +€141,586 | +57.9% |
| Taxes, remuneration and social security | 45 | €18,862 | €43,500 | +€24,638 | +131% |
| Taxes | 450/3 | €0 | €104 | +€104 | |
| Remuneration and social security | 454/9 | €18,862 | €43,396 | +€24,534 | +130% |
| Other amounts payable | 47/48 | €30 | €1,715,000 | +€1.7m | +5,735,686% |
| Accrued charges and deferred income | 492/3 | €189,806 | €874,707 | +€684,901 | +361% |
| Non-recurring operating income | 76A | €400 | €2,386 | +€1,986 | +496% |
| Remuneration, social security and pensions | 62 | €243,743 | €412,274 | +€168,531 | +69.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €503,110 | €457,592 | -€45,518 | -9.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €27,346 | +€27,346 | |
| Other operating charges | 640/8 | €5,265 | €5,258 | -€7 | -0.1% |
| Non-recurring operating charges | 66A | €193 | €86,021 | +€85,828 | +44,519% |
| Gross operating margin | 9900 | -€2,116,105 | -€1,878,975 | +€237,130 | +11.2% |
| Operating profit (loss) | 9901 | -€2,868,416 | -€2,867,466 | +€950 | 0.0% |
| Financial income | 75/76B | €138,303 | €15,226 | -€123,077 | -89.0% |
| Recurring financial income | 75 | €40,503 | €15,226 | -€25,277 | -62.4% |
| Non-recurring financial income | 76B | €97,800 | €0 | -€97,800 | -100% |
| Financial charges | 65/66B | €26,641 | €33,605 | +€6,965 | +26.1% |
| Recurring financial charges | 65 | €26,641 | €33,605 | +€6,965 | +26.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,756,755 | -€2,885,846 | -€129,091 | -4.7% |
| Income taxes | 67/77 | - | €104 | +€104 | |
| Profit (loss) for the period | 9904 | -€2,756,755 | -€2,885,950 | -€129,195 | -4.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,756,755 | -€2,885,950 | -€129,195 | -4.7% |
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 28 October 2026 via checked.be.