OpFin: 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.
OpFin
Largest movements
- Receivables within one year +€79,426
up €79,426 (+105.3%), from €75,394 to €154,820
of which Trade receivables: +€43,513
- Cash -€42,519
down €42,519 (-14.8%), from €286,338 to €243,818
mainly Receivables within one year (-€79,426) and Contributions, distributions and other (-€50,000)
- Tangible fixed assets -€18,794
down €18,794 (-15.1%), from €124,590 to €105,796
of which Furniture and vehicles: -€11,077
- Profit (loss) carried forward +€29,236
up €29,236 (+11.7%), from €250,537 to €279,772
- Other debts -€18,312
down €18,312 (-26.8%), from €68,312 to €50,000
- Tax, wage and social debts +€8,844
up €8,844 (+88.5%), from €9,997 to €18,841
- Gross operating margin +€19,946
up €19,946 (+19.8%), from €100,804 to €120,750
- Taxes +€5,641
up €5,641 (+32.3%), from €17,459 to €23,100
- Financial income +€4,826
new in 2024: €4,826
- Depreciation +€2,855
up €2,855 (+16.3%), from €17,508 to €20,364
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €505,457 | €523,580 | +€18,122 | +3.6% |
| Fixed assets | 21/28 | €143,726 | €124,932 | -€18,794 | -13.1% |
| Tangible fixed assets | 22/27 | €124,590 | €105,796 | -€18,794 | -15.1% |
| Land and buildings | 22 | €40,040 | €37,180 | -€2,860 | -7.1% |
| Furniture and vehicles | 24 | €50,951 | €39,874 | -€11,077 | -21.7% |
| Other tangible fixed assets | 26 | €33,599 | €28,742 | -€4,857 | -14.5% |
| Financial fixed assets | 28 | €19,136 | €19,136 | = | 0.0% |
| Current assets | 29/58 | €361,731 | €398,648 | +€36,916 | +10.2% |
| Amounts receivable within one year | 40/41 | €75,394 | €154,820 | +€79,426 | +105.3% |
| Trade receivables | 40 | €50,401 | €93,914 | +€43,513 | +86.3% |
| Other amounts receivable | 41 | €24,993 | €60,906 | +€35,913 | +143.7% |
| Current investments | 50/53 | - | €10 | +€10 | |
| Cash at bank and in hand | 54/58 | €286,338 | €243,818 | -€42,519 | -14.8% |
| Total equity and liabilities | 10/49 | €505,457 | €523,580 | +€18,122 | +3.6% |
| Equity | 10/15 | €351,443 | €380,678 | +€29,236 | +8.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €82,356 | €82,356 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €80,501 | €80,501 | = | 0.0% |
| Profit (loss) carried forward | 14 | €250,537 | €279,772 | +€29,236 | +11.7% |
| Provisions and deferred taxes | 16 | €20,584 | €20,584 | = | 0.0% |
| Deferred taxes | 168 | €20,584 | €20,584 | = | 0.0% |
| Amounts payable | 17/49 | €133,431 | €122,318 | -€11,113 | -8.3% |
| Amounts payable after more than one year | 17 | €41,974 | €37,320 | -€4,653 | -11.1% |
| Financial debts | 170/4 | €41,974 | €37,320 | -€4,653 | -11.1% |
| Amounts payable within one year | 42/48 | €91,457 | €84,997 | -€6,460 | -7.1% |
| Current portion of amounts payable after more than one year | 42 | €4,570 | €4,653 | +€83 | +1.8% |
| Trade debts | 44 | €8,578 | €11,503 | +€2,925 | +34.1% |
| Suppliers | 440/4 | €8,578 | €11,503 | +€2,925 | +34.1% |
| Taxes, remuneration and social security | 45 | €9,997 | €18,841 | +€8,844 | +88.5% |
| Taxes | 450/3 | €9,997 | €18,841 | +€8,844 | +88.5% |
| Other amounts payable | 47/48 | €68,312 | €50,000 | -€18,312 | -26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,508 | €20,364 | +€2,855 | +16.3% |
| Other operating charges | 640/8 | €755 | €624 | -€131 | -17.3% |
| Gross operating margin | 9900 | €100,804 | €120,750 | +€19,946 | +19.8% |
| Operating profit (loss) | 9901 | €82,541 | €99,762 | +€17,221 | +20.9% |
| Financial income | 75/76B | - | €4,826 | +€4,826 | |
| Recurring financial income | 75 | - | €4,826 | +€4,826 | |
| Financial charges | 65/66B | €1,532 | €2,253 | +€721 | +47.0% |
| Recurring financial charges | 65 | €1,532 | €2,253 | +€721 | +47.0% |
| Profit (loss) for the period before taxes | 9903 | €81,009 | €102,336 | +€21,327 | +26.3% |
| Income taxes | 67/77 | €17,459 | €23,100 | +€5,641 | +32.3% |
| Profit (loss) for the period | 9904 | €63,550 | €79,236 | +€15,686 | +24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €63,550 | €79,236 | +€15,686 | +24.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.