OPG: 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.
OPG
Largest movements
- Cash +€20,919
up €20,919 (+89.2%), from €23,443 to €44,362
mainly Net result for the year (+€30,811) and Depreciation (+€18,312)
- Intangible fixed assets -€15,000
down €15,000 (-12.5%), from €120,000 to €105,000
- Tangible fixed assets -€2,926
down €2,926 (-29.6%), from €9,893 to €6,967
of which Furniture and vehicles: -€2,676
- Receivables within one year +€2,804
up €2,804 (+19.9%), from €14,116 to €16,920
of which Other amounts receivable: +€2,902
- Reserves +€30,811
up €30,811 (+35.7%), from €86,325 to €117,136
- Other debts -€30,196
down €30,196 (-55.2%), from €54,746 to €24,550
- Tax, wage and social debts +€3,474
up €3,474 (+92.0%), from €3,777 to €7,251
- Trade debts +€2,178
new in 2025: €2,178
- Taxes -€37,462
no longer reported in 2025 (was €37,462)
- Gross operating margin -€14,766
down €14,766 (-22.9%), from €64,497 to €49,731
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.
Cash bridge derived
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 | €169,848 | €176,115 | +€6,267 | +3.7% |
| Fixed assets | 21/28 | €129,893 | €111,967 | -€17,926 | -13.8% |
| Intangible fixed assets | 21 | €120,000 | €105,000 | -€15,000 | -12.5% |
| Tangible fixed assets | 22/27 | €9,893 | €6,967 | -€2,926 | -29.6% |
| Plant, machinery and equipment | 23 | €1,827 | €1,577 | -€250 | -13.7% |
| Furniture and vehicles | 24 | €8,066 | €5,390 | -€2,676 | -33.2% |
| Current assets | 29/58 | €39,955 | €64,148 | +€24,193 | +60.6% |
| Amounts receivable within one year | 40/41 | €14,116 | €16,920 | +€2,804 | +19.9% |
| Trade receivables | 40 | €11,100 | €11,002 | -€98 | -0.9% |
| Other amounts receivable | 41 | €3,016 | €5,918 | +€2,902 | +96.2% |
| Cash at bank and in hand | 54/58 | €23,443 | €44,362 | +€20,919 | +89.2% |
| Deferred charges and accrued income | 490/1 | €2,396 | €2,866 | +€470 | +19.6% |
| Total equity and liabilities | 10/49 | €169,848 | €176,115 | +€6,267 | +3.7% |
| Equity | 10/15 | €111,325 | €142,136 | +€30,811 | +27.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €86,325 | €117,136 | +€30,811 | +35.7% |
| Distributable reserves | 133 | €86,325 | €117,136 | +€30,811 | +35.7% |
| Amounts payable | 17/49 | €58,523 | €33,979 | -€24,544 | -41.9% |
| Amounts payable within one year | 42/48 | €58,523 | €33,979 | -€24,544 | -41.9% |
| Trade debts | 44 | - | €2,178 | +€2,178 | |
| Suppliers | 440/4 | - | €2,178 | +€2,178 | |
| Taxes, remuneration and social security | 45 | €3,777 | €7,251 | +€3,474 | +92.0% |
| Taxes | 450/3 | €3,777 | €7,251 | +€3,474 | +92.0% |
| Other amounts payable | 47/48 | €54,746 | €24,550 | -€30,196 | -55.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,216 | €18,312 | +€96 | +0.5% |
| Other operating charges | 640/8 | - | €321 | +€321 | |
| Gross operating margin | 9900 | €64,497 | €49,731 | -€14,766 | -22.9% |
| Operating profit (loss) | 9901 | €46,281 | €31,098 | -€15,183 | -32.8% |
| Financial charges | 65/66B | €159 | €287 | +€128 | +80.5% |
| Recurring financial charges | 65 | €159 | €287 | +€128 | +80.5% |
| Profit (loss) for the period before taxes | 9903 | €46,122 | €30,811 | -€15,311 | -33.2% |
| Income taxes | 67/77 | €37,462 | - | -€37,462 | |
| Profit (loss) for the period | 9904 | €8,660 | €30,811 | +€22,151 | +255.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,660 | €30,811 | +€22,151 | +255.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.