OPERO: 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.
OPERO
Largest movements
- Receivables within one year +€40,584
up €40,584 (+154%), from €26,291 to €66,875
of which Trade receivables: +€40,925
- Cash -€9,398
down €9,398 (-5.7%), from €166,006 to €156,608
mainly Contributions, distributions and other (-€135,000) and Receivables within one year (-€40,584)
- Trade debts +€27,591
up €27,591 (+1,439%), from €1,918 to €29,508
- Other debts +€6,758
up €6,758 (+3.8%), from €179,829 to €186,587
- Profit (loss) carried forward -€4,414
down €4,414 (-98.9%), from €4,463 to €49
- Gross operating margin -€48,263
down €48,263 (-22.3%), from €216,841 to €168,579
- Taxes -€12,207
down €12,207 (-24.5%), from €49,837 to €37,630
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 | €196,046 | €225,981 | +€29,935 | +15.3% |
| Fixed assets | 21/28 | €2,007 | €1,681 | -€326 | -16.2% |
| Tangible fixed assets | 22/27 | €2,007 | €1,681 | -€326 | -16.2% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Other tangible fixed assets | 26 | €2,007 | €1,681 | -€326 | -16.2% |
| Current assets | 29/58 | €194,040 | €224,301 | +€30,261 | +15.6% |
| Amounts receivable within one year | 40/41 | €26,291 | €66,875 | +€40,584 | +154% |
| Trade receivables | 40 | €25,190 | €66,115 | +€40,925 | +162% |
| Other amounts receivable | 41 | €1,101 | €760 | -€341 | -31.0% |
| Cash at bank and in hand | 54/58 | €166,006 | €156,608 | -€9,398 | -5.7% |
| Deferred charges and accrued income | 490/1 | €1,743 | €818 | -€925 | -53.1% |
| Total equity and liabilities | 10/49 | €196,046 | €225,981 | +€29,935 | +15.3% |
| Equity | 10/15 | €9,463 | €5,049 | -€4,414 | -46.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,463 | €49 | -€4,414 | -98.9% |
| Amounts payable | 17/49 | €186,584 | €220,933 | +€34,349 | +18.4% |
| Amounts payable within one year | 42/48 | €186,584 | €220,933 | +€34,349 | +18.4% |
| Trade debts | 44 | €1,918 | €29,508 | +€27,591 | +1,439% |
| Suppliers | 440/4 | €1,918 | €29,508 | +€27,591 | +1,439% |
| Taxes, remuneration and social security | 45 | €4,837 | €4,837 | = | 0.0% |
| Taxes | 450/3 | €4,837 | €4,837 | = | 0.0% |
| Other amounts payable | 47/48 | €179,829 | €186,587 | +€6,758 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €396 | €326 | -€70 | -17.6% |
| Other operating charges | 640/8 | €712 | €465 | -€247 | -34.6% |
| Gross operating margin | 9900 | €216,841 | €168,579 | -€48,263 | -22.3% |
| Operating profit (loss) | 9901 | €215,734 | €167,787 | -€47,946 | -22.2% |
| Financial income | 75/76B | €421 | €513 | +€92 | +21.9% |
| Recurring financial income | 75 | €421 | €513 | +€92 | +21.9% |
| Financial charges | 65/66B | €84 | €84 | -€0 | -0.3% |
| Recurring financial charges | 65 | €84 | €84 | -€0 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €216,070 | €168,216 | -€47,854 | -22.1% |
| Income taxes | 67/77 | €49,837 | €37,630 | -€12,207 | -24.5% |
| Profit (loss) for the period | 9904 | €166,233 | €130,586 | -€35,647 | -21.4% |
| Profit (loss) for the period to be appropriated | 9905 | €166,233 | €130,586 | -€35,647 | -21.4% |
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.