OPEX NORTH SEA: what changed
What changed
OPEX NORTH SEA
filed annual accounts (NBB)
Net result for the year
-€35,843
31-12-2024 · -€33,146-€2,697
Equity
€3.5m
31-12-2024 · €3.6m-€35,843
Cash
€4,165
31-12-2024 · €13,523-€9,358
Balance sheet total
€4.1m
31-12-2024 · €4.2m-€70,537
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin -€4,464
down €4,464 (-43.0%), from €10,372 to €5,908
- Depreciation -€1,331
down €1,331 (-3.1%), from €43,027 to €41,696
- Financial charges -€627
down €627 (-11.8%), from €5,290 to €4,663
- Other operating charges +€191
up €191 (+3.2%), from €6,075 to €6,267
Change in the result, 31-12-2024 to 31-12-2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 31-12-2024
-€33,146
Gross operating margin
-€4,464
Depreciation
+€1,331
Other operating charges
-€191
Financial charges
+€627
Result 31-12-2025
-€35,843
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€9,358
Investment
€0
Financing
€0
Cash 31-12-2024
€13,523
From operations (derived)
-€9,358
Net result for the year
-€35,843
Depreciation
+€41,696
Deferred charges and accrued income
+€19,483
Provisions
-€10,875
Trade debts
-€218
Other debts
-€23,601
Cash 31-12-2025
€4,165
brings cash intakes cash out
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,196,975 | €4,126,438 | -€70,537 | -1.7% |
| Fixed assets | 21/28 | €4,147,152 | €4,105,456 | -€41,696 | -1.0% |
| Tangible fixed assets | 22/27 | €4,147,152 | €4,105,456 | -€41,696 | -1.0% |
| Land and buildings | 22 | €4,142,685 | €4,103,550 | -€39,135 | -0.9% |
| Furniture and vehicles | 24 | €4,467 | €1,906 | -€2,561 | -57.3% |
| Current assets | 29/58 | €49,823 | €20,982 | -€28,841 | -57.9% |
| Cash at bank and in hand | 54/58 | €13,523 | €4,165 | -€9,358 | -69.2% |
| Deferred charges and accrued income | 490/1 | €36,300 | €16,817 | -€19,483 | -53.7% |
| Total equity and liabilities | 10/49 | €4,196,975 | €4,126,438 | -€70,537 | -1.7% |
| Equity | 10/15 | €3,550,261 | €3,514,417 | -€35,843 | -1.0% |
| Contributions | 10/11 | €4,000,000 | €4,000,000 | = | 0.0% |
| Capital | 10 | €4,000,000 | €4,000,000 | = | 0.0% |
| Issued capital | 100 | €4,000,000 | €4,000,000 | = | 0.0% |
| Reserves | 13 | €464,673 | €443,554 | -€21,119 | -4.5% |
| Non-distributable reserves | 130/1 | €2,872 | €2,872 | = | 0.0% |
| Legal reserve | 130 | €2,872 | €2,872 | = | 0.0% |
| Tax-exempt reserves | 132 | €461,801 | €440,682 | -€21,119 | -4.6% |
| Profit (loss) carried forward | 14 | -€914,412 | -€929,136 | -€14,724 | -1.6% |
| Provisions and deferred taxes | 16 | €237,792 | €226,917 | -€10,875 | -4.6% |
| Deferred taxes | 168 | €237,792 | €226,917 | -€10,875 | -4.6% |
| Amounts payable | 17/49 | €408,923 | €385,104 | -€23,819 | -5.8% |
| Amounts payable within one year | 42/48 | €408,923 | €385,104 | -€23,819 | -5.8% |
| Trade debts | 44 | €1,536 | €1,318 | -€218 | -14.2% |
| Suppliers | 440/4 | €1,536 | €1,318 | -€218 | -14.2% |
| Other amounts payable | 47/48 | €407,387 | €383,787 | -€23,601 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,027 | €41,696 | -€1,331 | -3.1% |
| Other operating charges | 640/8 | €6,075 | €6,267 | +€191 | +3.2% |
| Gross operating margin | 9900 | €10,372 | €5,908 | -€4,464 | -43.0% |
| Operating profit (loss) | 9901 | -€38,731 | -€42,055 | -€3,324 | -8.6% |
| Financial charges | 65/66B | €5,290 | €4,663 | -€627 | -11.8% |
| Recurring financial charges | 65 | €5,290 | €4,663 | -€627 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | -€44,021 | -€46,718 | -€2,697 | -6.1% |
| Transfer from deferred taxes | 780 | €10,875 | €10,875 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€33,146 | -€35,843 | -€2,697 | -8.1% |
| Transfer from tax-exempt reserves | 789 | €21,119 | €21,119 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,027 | -€14,724 | -€2,697 | -22.4% |
Next steps
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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 7 November 2026 via checked.be.