OPHAUTJE: 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.
OPHAUTJE
Largest movements
- Tangible fixed assets -€15,904
down €15,904 (-8.1%), from €197,142 to €181,238
of which Land and buildings: -€9,230
- Cash -€11,332
down €11,332 (-14.5%), from €78,013 to €66,682
mainly Contributions, distributions and other (-€45,000) and Debts after one year (-€18,528)
- Other debts +€30,545
new in 2025: €30,545
- Profit (loss) carried forward -€22,000
down €22,000 (-85.3%), from €25,787 to €3,787
- Debts after one year -€18,528
down €18,528 (-10.7%), from €173,749 to €155,221
- Reserves -€16,172
down €16,172 (-69.8%), from €23,156 to €6,984
of which Distributable reserves: -€16,172
- Current portion of long-term debt -€4,298
down €4,298 (-18.8%), from €22,825 to €18,528
- Gross operating margin -€6,293
down €6,293 (-9.4%), from €66,689 to €60,395
- Financial charges +€3,267
up €3,267 (+21.0%), from €15,567 to €18,834
- Other operating charges -€1,571
down €1,571 (-27.7%), from €5,674 to €4,103
- Taxes -€1,374
down €1,374 (-27.3%), from €5,037 to €3,663
- Depreciation +€958
up €958 (+3.7%), from €26,078 to €27,036
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 | €283,756 | €257,758 | -€25,999 | -9.2% |
| Fixed assets | 21/28 | €197,192 | €181,288 | -€15,904 | -8.1% |
| Tangible fixed assets | 22/27 | €197,142 | €181,238 | -€15,904 | -8.1% |
| Land and buildings | 22 | €159,701 | €150,471 | -€9,230 | -5.8% |
| Plant, machinery and equipment | 23 | €10,114 | €8,549 | -€1,565 | -15.5% |
| Furniture and vehicles | 24 | €27,327 | €22,218 | -€5,109 | -18.7% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €86,564 | €76,470 | -€10,095 | -11.7% |
| Stocks and contracts in progress | 3 | €6,000 | €6,000 | = | 0.0% |
| Stocks | 30/36 | €6,000 | €6,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €190 | €1,341 | +€1,151 | +607% |
| Trade receivables | 40 | €72 | €0 | -€72 | -100% |
| Other amounts receivable | 41 | €118 | €1,341 | +€1,223 | +1,039% |
| Cash at bank and in hand | 54/58 | €78,013 | €66,682 | -€11,332 | -14.5% |
| Deferred charges and accrued income | 490/1 | €2,361 | €2,447 | +€86 | +3.6% |
| Total equity and liabilities | 10/49 | €283,756 | €257,758 | -€25,999 | -9.2% |
| Equity | 10/15 | €67,543 | €29,371 | -€38,172 | -56.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €23,156 | €6,984 | -€16,172 | -69.8% |
| Non-distributable reserves | 130/1 | €156 | €156 | = | 0.0% |
| Reserves not available under the articles | 1311 | €156 | €156 | = | 0.0% |
| Distributable reserves | 133 | €23,000 | €6,828 | -€16,172 | -70.3% |
| Profit (loss) carried forward | 14 | €25,787 | €3,787 | -€22,000 | -85.3% |
| Amounts payable | 17/49 | €216,213 | €228,386 | +€12,173 | +5.6% |
| Amounts payable after more than one year | 17 | €173,749 | €155,221 | -€18,528 | -10.7% |
| Financial debts | 170/4 | €173,749 | €155,221 | -€18,528 | -10.7% |
| Amounts payable within one year | 42/48 | €40,059 | €69,364 | +€29,304 | +73.2% |
| Current portion of amounts payable after more than one year | 42 | €22,825 | €18,528 | -€4,298 | -18.8% |
| Trade debts | 44 | €5,950 | €7,072 | +€1,122 | +18.9% |
| Suppliers | 440/4 | €5,950 | €7,072 | +€1,122 | +18.9% |
| Taxes, remuneration and social security | 45 | €11,284 | €13,220 | +€1,935 | +17.2% |
| Taxes | 450/3 | €8,584 | €10,520 | +€1,935 | +22.5% |
| Remuneration and social security | 454/9 | €2,700 | €2,700 | = | 0.0% |
| Other amounts payable | 47/48 | - | €30,545 | +€30,545 | |
| Accrued charges and deferred income | 492/3 | €2,405 | €3,801 | +€1,396 | +58.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,078 | €27,036 | +€958 | +3.7% |
| Other operating charges | 640/8 | €5,674 | €4,103 | -€1,571 | -27.7% |
| Gross operating margin | 9900 | €66,689 | €60,395 | -€6,293 | -9.4% |
| Operating profit (loss) | 9901 | €34,937 | €29,257 | -€5,681 | -16.3% |
| Financial income | 75/76B | €53 | €68 | +€15 | +28.5% |
| Recurring financial income | 75 | €53 | €68 | +€15 | +28.5% |
| Financial charges | 65/66B | €15,567 | €18,834 | +€3,267 | +21.0% |
| Recurring financial charges | 65 | €15,567 | €18,834 | +€3,267 | +21.0% |
| Profit (loss) for the period before taxes | 9903 | €19,423 | €10,491 | -€8,932 | -46.0% |
| Income taxes | 67/77 | €5,037 | €3,663 | -€1,374 | -27.3% |
| Profit (loss) for the period | 9904 | €14,387 | €6,828 | -€7,558 | -52.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,387 | €6,828 | -€7,558 | -52.5% |
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 14 October 2026 via checked.be.