OPHA: 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.
OPHA
Largest movements
- Cash +€72,180
new in 2025: €72,180
mainly Other debts (+€138,269) and Net result for the year (+€66,023)
- Tangible fixed assets -€57,051
down €57,051 (-13.7%), from €416,716 to €359,665
of which Land and buildings: -€58,178
- Receivables within one year -€13,510
down €13,510 (-7.5%), from €180,757 to €167,248
of which Other amounts receivable: -€7,623
- Deferred charges and accrued income -€7,047
down €7,047 (-43.2%), from €16,302 to €9,255
- Other debts +€138,269
new in 2025: €138,269
- Reserves -€72,247
down €72,247 (-16.2%), from €445,985 to €373,739
of which Distributable reserves: -€72,247
- Debts after one year -€51,966
down €51,966 (-74.8%), from €69,479 to €17,513
- Tax, wage and social debts +€15,414
up €15,414 (+535.2%), from €2,880 to €18,294
of which Taxes: +€16,216
- Short-term financial debts -€14,990
no longer reported in 2025 (was €14,990)
- Gross operating margin +€15,946
up €15,946 (+13.6%), from €117,293 to €133,239
- Taxes +€9,275
up €9,275 (+47.5%), from €19,536 to €28,811
- Depreciation -€6,555
down €6,555 (-16.2%), from €40,474 to €33,919
- Financial charges -€3,120
down €3,120 (-52.1%), from €5,992 to €2,871
- Financial income +€1,782
up €1,782 (+21.3%), from €8,355 to €10,137
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 | €613,776 | €611,667 | -€2,109 | -0.3% |
| Fixed assets | 21/28 | €416,716 | €359,665 | -€57,051 | -13.7% |
| Tangible fixed assets | 22/27 | €416,716 | €359,665 | -€57,051 | -13.7% |
| Land and buildings | 22 | €407,739 | €349,561 | -€58,178 | -14.3% |
| Plant, machinery and equipment | 23 | €3,666 | €5,365 | +€1,699 | +46.3% |
| Furniture and vehicles | 24 | €5,311 | €4,739 | -€572 | -10.8% |
| Current assets | 29/58 | €197,059 | €252,002 | +€54,943 | +27.9% |
| Amounts receivable within one year | 40/41 | €180,757 | €167,248 | -€13,510 | -7.5% |
| Trade receivables | 40 | €28,515 | €22,628 | -€5,887 | -20.6% |
| Other amounts receivable | 41 | €152,243 | €144,620 | -€7,623 | -5.0% |
| Current investments | 50/53 | - | €3,319 | +€3,319 | |
| Cash at bank and in hand | 54/58 | - | €72,180 | +€72,180 | |
| Deferred charges and accrued income | 490/1 | €16,302 | €9,255 | -€7,047 | -43.2% |
| Total equity and liabilities | 10/49 | €613,776 | €611,667 | -€2,109 | -0.3% |
| Equity | 10/15 | €452,182 | €379,936 | -€72,247 | -16.0% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €445,985 | €373,739 | -€72,247 | -16.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €444,126 | €371,879 | -€72,247 | -16.3% |
| Amounts payable | 17/49 | €161,593 | €231,731 | +€70,138 | +43.4% |
| Amounts payable after more than one year | 17 | €69,479 | €17,513 | -€51,966 | -74.8% |
| Financial debts | 170/4 | €69,479 | €17,513 | -€51,966 | -74.8% |
| Amounts payable within one year | 42/48 | €92,114 | €214,218 | +€122,104 | +132.6% |
| Current portion of amounts payable after more than one year | 42 | €63,079 | €51,966 | -€11,113 | -17.6% |
| Financial debts | 43 | €14,990 | - | -€14,990 | |
| Credit institutions | 430/8 | €14,990 | - | -€14,990 | |
| Trade debts | 44 | €11,166 | €5,689 | -€5,477 | -49.1% |
| Suppliers | 440/4 | €11,166 | €5,689 | -€5,477 | -49.1% |
| Taxes, remuneration and social security | 45 | €2,880 | €18,294 | +€15,414 | +535.2% |
| Taxes | 450/3 | - | €16,216 | +€16,216 | |
| Remuneration and social security | 454/9 | €2,880 | €2,078 | -€802 | -27.8% |
| Other amounts payable | 47/48 | - | €138,269 | +€138,269 | |
| Non-recurring operating income | 76A | - | €136,915 | +€136,915 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,474 | €33,919 | -€6,555 | -16.2% |
| Other operating charges | 640/8 | €11,659 | €11,752 | +€94 | +0.8% |
| Gross operating margin | 9900 | €117,293 | €133,239 | +€15,946 | +13.6% |
| Operating profit (loss) | 9901 | €65,160 | €87,568 | +€22,408 | +34.4% |
| Financial income | 75/76B | €8,355 | €10,137 | +€1,782 | +21.3% |
| Recurring financial income | 75 | €8,355 | €10,137 | +€1,782 | +21.3% |
| Financial charges | 65/66B | €5,992 | €2,871 | -€3,120 | -52.1% |
| Recurring financial charges | 65 | €5,992 | €2,871 | -€3,120 | -52.1% |
| Profit (loss) for the period before taxes | 9903 | €67,523 | €94,833 | +€27,310 | +40.4% |
| Income taxes | 67/77 | €19,536 | €28,811 | +€9,275 | +47.5% |
| Profit (loss) for the period | 9904 | €47,988 | €66,023 | +€18,035 | +37.6% |
| Profit (loss) for the period to be appropriated | 9905 | €47,988 | €66,023 | +€18,035 | +37.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.