OPIFEX: 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.
OPIFEX
Largest movements
- Cash +€72,872
up €72,872 (+82.9%), from €87,921 to €160,793
mainly Provisions (+€39,643) and Net result for the year (+€38,734)
- Receivables within one year +€44,137
up €44,137 (+46.0%), from €95,863 to €139,999
of which Trade receivables: +€51,742
- Tangible fixed assets -€6,357
down €6,357 (-44.6%), from €14,261 to €7,904
of which Furniture and vehicles: -€5,524
- Provisions +€39,643
new in 2025: €39,643
- Reserves +€38,734
new in 2025: €38,734
- Trade debts +€26,999
up €26,999 (+318%), from €8,490 to €35,489
- Tax, wage and social debts +€17,227
up €17,227 (+99.2%), from €17,363 to €34,590
of which Taxes: +€14,232
- Current portion of long-term debt -€6,915
down €6,915 (-42.4%), from €16,313 to €9,398
- Gross operating margin +€83,111
up €83,111 (+86.1%), from €96,474 to €179,586
- Provisions +€39,643
new in 2025: €39,643
- Taxes +€17,822
up €17,822 (+307%), from €5,807 to €23,629
- Other operating charges -€6,654
down €6,654 (-91.0%), from €7,309 to €656
- Depreciation -€3,519
down €3,519 (-35.6%), from €9,875 to €6,357
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 | €205,137 | €319,764 | +€114,627 | +55.9% |
| Fixed assets | 21/28 | €14,987 | €8,630 | -€6,357 | -42.4% |
| Tangible fixed assets | 22/27 | €14,261 | €7,904 | -€6,357 | -44.6% |
| Plant, machinery and equipment | 23 | €2,498 | €1,665 | -€833 | -33.3% |
| Furniture and vehicles | 24 | €11,763 | €6,239 | -€5,524 | -47.0% |
| Financial fixed assets | 28 | €726 | €726 | = | 0.0% |
| Current assets | 29/58 | €190,150 | €311,133 | +€120,983 | +63.6% |
| Amounts receivable after more than one year | 29 | €6,366 | €8,845 | +€2,479 | +38.9% |
| Other amounts receivable | 291 | €6,366 | €8,845 | +€2,479 | +38.9% |
| Amounts receivable within one year | 40/41 | €95,863 | €139,999 | +€44,137 | +46.0% |
| Trade receivables | 40 | €77,523 | €129,265 | +€51,742 | +66.7% |
| Other amounts receivable | 41 | €18,339 | €10,734 | -€7,606 | -41.5% |
| Cash at bank and in hand | 54/58 | €87,921 | €160,793 | +€72,872 | +82.9% |
| Deferred charges and accrued income | 490/1 | - | €1,496 | +€1,496 | |
| Total equity and liabilities | 10/49 | €205,137 | €319,764 | +€114,627 | +55.9% |
| Equity | 10/15 | €92,645 | €131,379 | +€38,734 | +41.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | - | €38,734 | +€38,734 | |
| Distributable reserves | 133 | - | €38,734 | +€38,734 | |
| Profit (loss) carried forward | 14 | €30,645 | €30,645 | = | 0.0% |
| Provisions and deferred taxes | 16 | - | €39,643 | +€39,643 | |
| Provisions for liabilities and charges | 160/5 | - | €39,643 | +€39,643 | |
| Other liabilities and charges | 164/5 | - | €39,643 | +€39,643 | |
| Amounts payable | 17/49 | €112,492 | €148,742 | +€36,250 | +32.2% |
| Amounts payable within one year | 42/48 | €111,206 | €148,517 | +€37,311 | +33.6% |
| Current portion of amounts payable after more than one year | 42 | €16,313 | €9,398 | -€6,915 | -42.4% |
| Trade debts | 44 | €8,490 | €35,489 | +€26,999 | +318% |
| Suppliers | 440/4 | €8,490 | €35,489 | +€26,999 | +318% |
| Advances received on contracts in progress | 46 | €40,806 | €40,806 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €17,363 | €34,590 | +€17,227 | +99.2% |
| Taxes | 450/3 | €9,850 | €24,082 | +€14,232 | +144% |
| Remuneration and social security | 454/9 | €7,513 | €10,509 | +€2,995 | +39.9% |
| Other amounts payable | 47/48 | €28,234 | €28,234 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,286 | €225 | -€1,061 | -82.5% |
| Remuneration, social security and pensions | 62 | €72,717 | €70,091 | -€2,626 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,875 | €6,357 | -€3,519 | -35.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €39,643 | +€39,643 | |
| Other operating charges | 640/8 | €7,309 | €656 | -€6,654 | -91.0% |
| Gross operating margin | 9900 | €96,474 | €179,586 | +€83,111 | +86.1% |
| Operating profit (loss) | 9901 | €6,573 | €62,839 | +€56,266 | +856% |
| Financial income | 75/76B | €270 | €341 | +€71 | +26.4% |
| Recurring financial income | 75 | €270 | €341 | +€71 | +26.4% |
| Financial charges | 65/66B | €969 | €817 | -€151 | -15.6% |
| Recurring financial charges | 65 | €969 | €817 | -€151 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €5,874 | €62,363 | +€56,489 | +962% |
| Income taxes | 67/77 | €5,807 | €23,629 | +€17,822 | +307% |
| Profit (loss) for the period | 9904 | €67 | €38,734 | +€38,667 | +58,129% |
| Profit (loss) for the period to be appropriated | 9905 | €67 | €38,734 | +€38,667 | +58,129% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.