OPITULOR: 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.
OPITULOR
Largest movements
- Cash +€28,877
up €28,877 (+15.6%), from €184,864 to €213,741
mainly Net result for the year (+€37,056) and Depreciation (+€25,054)
- Tangible fixed assets -€20,916
down €20,916 (-22.2%), from €94,354 to €73,438
of which Furniture and vehicles: -€11,830
- Receivables within one year -€4,414
down €4,414 (-19.5%), from €22,641 to €18,227
of which Other amounts receivable: -€5,343
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€14,713
up €14,713 (+15.1%), from €97,355 to €112,068
- Financial charges -€9,226
down €9,226 (-21.1%), from €43,749 to €34,524
of which Financial charges: -€43,674
- Taxes +€7,102
up €7,102 (+93.7%), from €7,578 to €14,680
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 | €303,076 | €306,642 | +€3,566 | +1.2% |
| Fixed assets | 21/28 | €94,354 | €73,438 | -€20,916 | -22.2% |
| Tangible fixed assets | 22/27 | €94,354 | €73,438 | -€20,916 | -22.2% |
| Land and buildings | 22 | €41,688 | €33,350 | -€8,338 | -20.0% |
| Furniture and vehicles | 24 | €41,536 | €29,706 | -€11,830 | -28.5% |
| Other tangible fixed assets | 26 | €11,131 | €10,382 | -€749 | -6.7% |
| Current assets | 29/58 | €208,722 | €233,204 | +€24,482 | +11.7% |
| Amounts receivable within one year | 40/41 | €22,641 | €18,227 | -€4,414 | -19.5% |
| Trade receivables | 40 | €13,345 | €14,274 | +€929 | +7.0% |
| Other amounts receivable | 41 | €9,296 | €3,953 | -€5,343 | -57.5% |
| Cash at bank and in hand | 54/58 | €184,864 | €213,741 | +€28,877 | +15.6% |
| Deferred charges and accrued income | 490/1 | €1,216 | €1,235 | +€19 | +1.5% |
| Total equity and liabilities | 10/49 | €303,076 | €306,642 | +€3,566 | +1.2% |
| Equity | 10/15 | €300,438 | €303,494 | +€3,056 | +1.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €288,038 | €291,094 | +€3,056 | +1.1% |
| Tax-exempt reserves | 132 | €22,168 | €22,168 | = | 0.0% |
| Distributable reserves | 133 | €265,871 | €268,926 | +€3,056 | +1.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €2,638 | €3,148 | +€510 | +19.3% |
| Amounts payable within one year | 42/48 | €2,638 | €3,148 | +€510 | +19.3% |
| Current portion of amounts payable after more than one year | 42 | - | €251 | +€251 | |
| Trade debts | 44 | €2,211 | €1,897 | -€314 | -14.2% |
| Suppliers | 440/4 | €2,211 | €1,897 | -€314 | -14.2% |
| Taxes, remuneration and social security | 45 | - | €1,000 | +€1,000 | |
| Taxes | 450/3 | - | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | €427 | €0 | -€427 | -100.0% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,891 | €25,054 | -€837 | -3.2% |
| Other operating charges | 640/8 | €1,869 | €2,036 | +€167 | +8.9% |
| Gross operating margin | 9900 | €97,355 | €112,068 | +€14,713 | +15.1% |
| Operating profit (loss) | 9901 | €69,594 | €84,978 | +€15,384 | +22.1% |
| Financial income | 75/76B | €264 | €1,281 | +€1,018 | +385.9% |
| Recurring financial income | 75 | €264 | €1,281 | +€1,018 | +385.9% |
| Financial charges | 65/66B | €43,749 | €34,524 | -€9,226 | -21.1% |
| Recurring financial charges | 65 | €43,749 | €75 | -€43,674 | -99.8% |
| Non-recurring financial charges | 66B | - | €34,448 | +€34,448 | |
| Profit (loss) for the period before taxes | 9903 | €26,108 | €51,736 | +€25,627 | +98.2% |
| Income taxes | 67/77 | €7,578 | €14,680 | +€7,102 | +93.7% |
| Profit (loss) for the period | 9904 | €18,531 | €37,056 | +€18,525 | +100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,531 | €37,056 | +€18,525 | +100.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.