Opinus: what changed
Two fiscal 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.
Opinus
Largest movements
- Cash +€9,226
up €9,226 (+6.0%), from €152,775 to €162,000
mainly Net result for the year (+€22,472) and Receivables within one year (+€5,096)
- Receivables within one year -€5,096
down €5,096 (-51.3%), from €9,924 to €4,828
of which Trade receivables: -€3,049
- Reserves +€22,472
up €22,472 (+27.5%), from €81,729 to €104,201
- Other debts -€20,904
down €20,904 (-26.3%), from €79,476 to €58,572
- Gross operating margin +€10,290
up €10,290 (+47.9%), from €21,486 to €31,776
- Taxes +€3,571
up €3,571 (+90.3%), from €3,953 to €7,524
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 | €164,734 | €167,657 | +€2,923 | +1.8% |
| Fixed assets | 21/28 | €2,035 | €829 | -€1,206 | -59.3% |
| Tangible fixed assets | 22/27 | €2,035 | €829 | -€1,206 | -59.3% |
| Furniture and vehicles | 24 | €2,035 | €829 | -€1,206 | -59.3% |
| Current assets | 29/58 | €162,699 | €166,828 | +€4,130 | +2.5% |
| Amounts receivable within one year | 40/41 | €9,924 | €4,828 | -€5,096 | -51.3% |
| Trade receivables | 40 | €7,877 | €4,828 | -€3,049 | -38.7% |
| Other amounts receivable | 41 | €2,047 | €0 | -€2,047 | -100.0% |
| Cash at bank and in hand | 54/58 | €152,775 | €162,000 | +€9,226 | +6.0% |
| Total equity and liabilities | 10/49 | €164,734 | €167,657 | +€2,923 | +1.8% |
| Equity | 10/15 | €83,729 | €106,201 | +€22,472 | +26.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €81,729 | €104,201 | +€22,472 | +27.5% |
| Distributable reserves | 133 | €81,729 | €104,201 | +€22,472 | +27.5% |
| Amounts payable | 17/49 | €81,005 | €61,456 | -€19,549 | -24.1% |
| Amounts payable within one year | 42/48 | €81,005 | €61,456 | -€19,549 | -24.1% |
| Trade debts | 44 | €228 | €0 | -€228 | -100.0% |
| Suppliers | 440/4 | €228 | €0 | -€228 | -100.0% |
| Taxes, remuneration and social security | 45 | €1,301 | €2,884 | +€1,583 | +121.7% |
| Taxes | 450/3 | €1,301 | €2,884 | +€1,583 | +121.7% |
| Other amounts payable | 47/48 | €79,476 | €58,572 | -€20,904 | -26.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,152 | €1,206 | +€54 | +4.7% |
| Other operating charges | 640/8 | €525 | €531 | +€7 | +1.2% |
| Gross operating margin | 9900 | €21,486 | €31,776 | +€10,290 | +47.9% |
| Operating profit (loss) | 9901 | €19,809 | €30,038 | +€10,229 | +51.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €42 | €42 | = | 0.0% |
| Recurring financial charges | 65 | €42 | €42 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €19,767 | €29,996 | +€10,229 | +51.8% |
| Income taxes | 67/77 | €3,953 | €7,524 | +€3,571 | +90.3% |
| Profit (loss) for the period | 9904 | €15,814 | €22,472 | +€6,659 | +42.1% |
| Profit (loss) for the period to be appropriated | 9905 | €15,814 | €22,472 | +€6,659 | +42.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.