OPHELY'Z: 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.
OPHELY'Z
Largest movements
- Stocks and contracts -€42,454
down €42,454 (-63.0%), from €67,356 to €24,902
- Receivables within one year -€15,273
no longer reported in 2025 (was €15,273)
of which Other amounts receivable: -€15,152
- Tangible fixed assets -€4,428
down €4,428 (-15.8%), from €27,958 to €23,530
of which Other tangible fixed assets: -€4,097
- Financial fixed assets +€3,600
new in 2025: €3,600
- Cash +€1,843
up €1,843 (+29.3%), from €6,292 to €8,135
mainly Stocks and contracts (+€42,454) and Other debts (+€33,372)
- Other debts +€33,372
new in 2025: €33,372
- Tax, wage and social debts -€25,535
down €25,535 (-52.4%), from €48,694 to €23,159
- Profit (loss) carried forward -€22,614
down €22,614 (-68.3%), from -€33,107 to -€55,721
- Debts after one year -€18,134
no longer reported in 2025 (was €18,134)
- Trade debts -€12,012
down €12,012 (-23.5%), from €51,114 to €39,101
- Gross operating margin -€14,004
down €14,004, from €5,401 to -€8,603
- Other operating charges -€6,076
down €6,076 (-81.7%), from €7,433 to €1,357
- Staff costs -€3,769
down €3,769 (-80.6%), from €4,674 to €906
- Financial income -€1,242
down €1,242 (-92.9%), from €1,337 to €95
- Financial charges -€985
down €985 (-12.6%), from €7,811 to €6,826
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 | €117,200 | €60,981 | -€56,218 | -48.0% |
| Fixed assets | 21/28 | €27,958 | €27,130 | -€828 | -3.0% |
| Tangible fixed assets | 22/27 | €27,958 | €23,530 | -€4,428 | -15.8% |
| Furniture and vehicles | 24 | €331 | - | -€331 | |
| Other tangible fixed assets | 26 | €27,627 | €23,530 | -€4,097 | -14.8% |
| Financial fixed assets | 28 | - | €3,600 | +€3,600 | |
| Current assets | 29/58 | €89,242 | €33,852 | -€55,390 | -62.1% |
| Stocks and contracts in progress | 3 | €67,356 | €24,902 | -€42,454 | -63.0% |
| Stocks | 30/36 | €67,356 | €24,902 | -€42,454 | -63.0% |
| Amounts receivable within one year | 40/41 | €15,273 | - | -€15,273 | |
| Trade receivables | 40 | €121 | - | -€121 | |
| Other amounts receivable | 41 | €15,152 | - | -€15,152 | |
| Cash at bank and in hand | 54/58 | €6,292 | €8,135 | +€1,843 | +29.3% |
| Deferred charges and accrued income | 490/1 | €322 | €815 | +€493 | +153% |
| Total equity and liabilities | 10/49 | €117,200 | €60,981 | -€56,218 | -48.0% |
| Equity | 10/15 | -€12,207 | -€34,821 | -€22,614 | -185% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,107 | -€55,721 | -€22,614 | -68.3% |
| Amounts payable | 17/49 | €129,407 | €95,802 | -€33,605 | -26.0% |
| Amounts payable after more than one year | 17 | €18,134 | - | -€18,134 | |
| Financial debts | 170/4 | €18,134 | - | -€18,134 | |
| Amounts payable within one year | 42/48 | €111,273 | €95,632 | -€15,641 | -14.1% |
| Current portion of amounts payable after more than one year | 42 | €11,466 | - | -€11,466 | |
| Trade debts | 44 | €51,114 | €39,101 | -€12,012 | -23.5% |
| Suppliers | 440/4 | €51,114 | €39,101 | -€12,012 | -23.5% |
| Taxes, remuneration and social security | 45 | €48,694 | €23,159 | -€25,535 | -52.4% |
| Taxes | 450/3 | €48,694 | €23,159 | -€25,535 | -52.4% |
| Other amounts payable | 47/48 | - | €33,372 | +€33,372 | |
| Accrued charges and deferred income | 492/3 | - | €169 | +€169 | |
| Remuneration, social security and pensions | 62 | €4,674 | €906 | -€3,769 | -80.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,137 | €4,228 | +€91 | +2.2% |
| Other operating charges | 640/8 | €7,433 | €1,357 | -€6,076 | -81.7% |
| Gross operating margin | 9900 | €5,401 | -€8,603 | -€14,004 | |
| Operating profit (loss) | 9901 | -€10,844 | -€15,093 | -€4,250 | -39.2% |
| Financial income | 75/76B | €1,337 | €95 | -€1,242 | -92.9% |
| Recurring financial income | 75 | €1,337 | €95 | -€1,242 | -92.9% |
| Financial charges | 65/66B | €7,811 | €6,826 | -€985 | -12.6% |
| Recurring financial charges | 65 | €7,811 | €6,826 | -€985 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | -€17,318 | -€21,824 | -€4,506 | -26.0% |
| Income taxes | 67/77 | €702 | €790 | +€88 | +12.6% |
| Profit (loss) for the period | 9904 | -€18,020 | -€22,614 | -€4,594 | -25.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,020 | -€22,614 | -€4,594 | -25.5% |
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 13 October 2026 via checked.be.