OPIC & C°: 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.
OPIC & C°
Largest movements
- Cash +€46,921
up €46,921 (+42.2%), from €111,183 to €158,104
mainly Depreciation (+€39,411) and Net result for the year (+€28,317)
- Tangible fixed assets -€39,411
down €39,411 (-26.4%), from €149,039 to €109,628
of which Furniture and vehicles: -€23,200
- Deferred charges and accrued income -€9,318
down €9,318 (-48.9%), from €19,064 to €9,746
- Receivables within one year -€7,137
down €7,137 (-72.8%), from €9,801 to €2,664
- Debts after one year -€47,123
down €47,123 (-35.8%), from €131,545 to €84,422
- Reserves +€28,317
up €28,317 (+12.7%), from €223,301 to €251,619
of which Distributable reserves: +€28,317
- Tax, wage and social debts +€9,277
up €9,277 (+37.7%), from €24,574 to €33,851
of which Taxes: +€6,321
- Gross operating margin +€27,789
up €27,789 (+33.1%), from €83,936 to €111,725
- Taxes +€8,598
up €8,598 (+89.1%), from €9,649 to €18,247
- Depreciation +€7,607
up €7,607 (+23.9%), from €31,804 to €39,411
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 | €395,043 | €387,676 | -€7,367 | -1.9% |
| Fixed assets | 21/28 | €149,039 | €109,628 | -€39,411 | -26.4% |
| Tangible fixed assets | 22/27 | €149,039 | €109,628 | -€39,411 | -26.4% |
| Land and buildings | 22 | €48,632 | €32,422 | -€16,211 | -33.3% |
| Furniture and vehicles | 24 | €100,407 | €77,207 | -€23,200 | -23.1% |
| Current assets | 29/58 | €246,004 | €278,048 | +€32,044 | +13.0% |
| Amounts receivable within one year | 40/41 | €9,801 | €2,664 | -€7,137 | -72.8% |
| Trade receivables | 40 | €9,801 | €2,664 | -€7,137 | -72.8% |
| Current investments | 50/53 | €105,956 | €107,533 | +€1,577 | +1.5% |
| Cash at bank and in hand | 54/58 | €111,183 | €158,104 | +€46,921 | +42.2% |
| Deferred charges and accrued income | 490/1 | €19,064 | €9,746 | -€9,318 | -48.9% |
| Total equity and liabilities | 10/49 | €395,043 | €387,676 | -€7,367 | -1.9% |
| Equity | 10/15 | €229,499 | €257,816 | +€28,317 | +12.3% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €223,301 | €251,619 | +€28,317 | +12.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €223,301 | €251,619 | +€28,317 | +12.7% |
| Amounts payable | 17/49 | €165,544 | €129,860 | -€35,685 | -21.6% |
| Amounts payable after more than one year | 17 | €131,545 | €84,422 | -€47,123 | -35.8% |
| Financial debts | 170/4 | €131,545 | €84,422 | -€47,123 | -35.8% |
| Amounts payable within one year | 42/48 | €33,999 | €45,438 | +€11,439 | +33.6% |
| Trade debts | 44 | €9,425 | €11,587 | +€2,162 | +22.9% |
| Suppliers | 440/4 | €9,425 | €11,587 | +€2,162 | +22.9% |
| Taxes, remuneration and social security | 45 | €24,574 | €33,851 | +€9,277 | +37.7% |
| Taxes | 450/3 | €21,574 | €27,896 | +€6,321 | +29.3% |
| Remuneration and social security | 454/9 | €3,000 | €5,955 | +€2,955 | +98.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,804 | €39,411 | +€7,607 | +23.9% |
| Other operating charges | 640/8 | €3,830 | €3,458 | -€373 | -9.7% |
| Non-recurring operating charges | 66A | €2,346 | €0 | -€2,346 | -100% |
| Gross operating margin | 9900 | €83,936 | €111,725 | +€27,789 | +33.1% |
| Operating profit (loss) | 9901 | €45,956 | €68,856 | +€22,901 | +49.8% |
| Financial income | 75/76B | €585 | €0 | -€585 | -100% |
| Recurring financial income | 75 | €585 | €0 | -€585 | -100% |
| Financial charges | 65/66B | €21,636 | €22,292 | +€657 | +3.0% |
| Recurring financial charges | 65 | €21,636 | €22,292 | +€657 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €24,905 | €46,564 | +€21,659 | +87.0% |
| Income taxes | 67/77 | €9,649 | €18,247 | +€8,598 | +89.1% |
| Profit (loss) for the period | 9904 | €15,256 | €28,317 | +€13,062 | +85.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,256 | €28,317 | +€13,062 | +85.6% |
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 16 October 2026 via checked.be.