OPERANEX: 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.
OPERANEX
Largest movements
- Receivables within one year +€14,198
up €14,198 (+55.2%), from €25,739 to €39,937
of which Other amounts receivable: +€12,294
- Tangible fixed assets -€7,421
down €7,421 (-62.4%), from €11,893 to €4,472
- Cash -€3,839
down €3,839 (-7.3%), from €52,828 to €48,989
mainly Receivables within one year (-€14,198) and Other debts (-€4,629)
- Trade debts +€4,695
up €4,695 (+82.0%), from €5,723 to €10,418
- Other debts -€4,629
down €4,629 (-67.0%), from €6,909 to €2,280
- Reserves +€4,322
up €4,322 (+11.5%), from €37,690 to €42,012
- Tax, wage and social debts -€983
down €983 (-3.5%), from €27,738 to €26,755
- Gross operating margin -€36,154
down €36,154 (-64.4%), from €56,140 to €19,986
- Taxes -€7,946
down €7,946 (-55.8%), from €14,235 to €6,289
- Financial charges +€2,305
up €2,305 (+530%), from €435 to €2,740
- Depreciation -€1,224
down €1,224 (-14.2%), from €8,645 to €7,421
- Financial income +€880
up €880 (+244%), from €361 to €1,241
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 | €90,460 | €93,865 | +€3,405 | +3.8% |
| Fixed assets | 21/28 | €11,893 | €4,472 | -€7,421 | -62.4% |
| Tangible fixed assets | 22/27 | €11,893 | €4,472 | -€7,421 | -62.4% |
| Furniture and vehicles | 24 | €11,893 | €4,472 | -€7,421 | -62.4% |
| Current assets | 29/58 | €78,568 | €89,394 | +€10,826 | +13.8% |
| Amounts receivable within one year | 40/41 | €25,739 | €39,937 | +€14,198 | +55.2% |
| Trade receivables | 40 | €6,833 | €8,737 | +€1,904 | +27.9% |
| Other amounts receivable | 41 | €18,907 | €31,200 | +€12,294 | +65.0% |
| Cash at bank and in hand | 54/58 | €52,828 | €48,989 | -€3,839 | -7.3% |
| Deferred charges and accrued income | 490/1 | €0 | €467 | +€467 | |
| Total equity and liabilities | 10/49 | €90,460 | €93,865 | +€3,405 | +3.8% |
| Equity | 10/15 | €50,090 | €54,412 | +€4,322 | +8.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €37,690 | €42,012 | +€4,322 | +11.5% |
| Distributable reserves | 133 | €37,690 | €42,012 | +€4,322 | +11.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €40,370 | €39,453 | -€917 | -2.3% |
| Amounts payable within one year | 42/48 | €40,370 | €39,453 | -€917 | -2.3% |
| Trade debts | 44 | €5,723 | €10,418 | +€4,695 | +82.0% |
| Suppliers | 440/4 | €5,723 | €10,418 | +€4,695 | +82.0% |
| Taxes, remuneration and social security | 45 | €27,738 | €26,755 | -€983 | -3.5% |
| Taxes | 450/3 | €27,738 | €26,755 | -€983 | -3.5% |
| Other amounts payable | 47/48 | €6,909 | €2,280 | -€4,629 | -67.0% |
| Remuneration, social security and pensions | 62 | -€258 | -€342 | -€85 | -32.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,645 | €7,421 | -€1,224 | -14.2% |
| Other operating charges | 640/8 | - | €798 | +€798 | |
| Gross operating margin | 9900 | €56,140 | €19,986 | -€36,154 | -64.4% |
| Operating profit (loss) | 9901 | €47,753 | €12,109 | -€35,643 | -74.6% |
| Financial income | 75/76B | €361 | €1,241 | +€880 | +244% |
| Recurring financial income | 75 | €361 | €1,241 | +€880 | +244% |
| Financial charges | 65/66B | €435 | €2,740 | +€2,305 | +530% |
| Recurring financial charges | 65 | €435 | €2,740 | +€2,305 | +530% |
| Profit (loss) for the period before taxes | 9903 | €47,679 | €10,610 | -€37,068 | -77.7% |
| Income taxes | 67/77 | €14,235 | €6,289 | -€7,946 | -55.8% |
| Profit (loss) for the period | 9904 | €33,444 | €4,322 | -€29,123 | -87.1% |
| Profit (loss) for the period to be appropriated | 9905 | €33,444 | €4,322 | -€29,123 | -87.1% |
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 15 October 2026 via checked.be.