OPIUS: 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.
OPIUS
Largest movements
- Stocks and contracts +€73,985
up €73,985 (+61.1%), from €121,127 to €195,112
- Cash +€52,720
up €52,720 (+102%), from €51,644 to €104,364
mainly Debts after one year (+€183,326) and Short-term financial debts (+€50,000)
- Receivables within one year +€50,343
up €50,343 (+36.3%), from €138,505 to €188,848
of which Trade receivables: +€43,699
- Intangible fixed assets -€14,664
down €14,664 (-42.3%), from €34,634 to €19,970
- Deferred charges and accrued income +€11,683
new in 2025: €11,683
- Debts after one year +€183,326
up €183,326 (+57.7%), from €317,684 to €501,010
- Profit (loss) carried forward -€83,296
down €83,296 (-41.8%), from -€199,100 to -€282,396
- Short-term financial debts +€50,000
up €50,000 (+100%), from €50,000 to €100,000
- Trade debts +€11,509
up €11,509 (+17.7%), from €65,040 to €76,549
- Tax, wage and social debts +€5,748
up €5,748 (+2,290%), from €251 to €5,999
of which Remuneration and social security: +€5,558
- Staff costs +€25,924
up €25,924 (+226%), from €11,470 to €37,394
- Depreciation +€2,799
up €2,799 (+18.1%), from €15,499 to €18,298
- Gross operating margin +€1,890
up €1,890 (+28.1%), from -€6,722 to -€4,832
- Other operating charges +€1,782
up €1,782 (+69.0%), from €2,581 to €4,363
- Financial charges +€697
up €697 (+4.0%), from €17,494 to €18,191
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 | €351,866 | €524,386 | +€172,520 | +49.0% |
| Fixed assets | 21/28 | €40,590 | €24,379 | -€16,211 | -39.9% |
| Intangible fixed assets | 21 | €34,634 | €19,970 | -€14,664 | -42.3% |
| Tangible fixed assets | 22/27 | €5,956 | €4,408 | -€1,548 | -26.0% |
| Plant, machinery and equipment | 23 | €5,483 | €2,403 | -€3,080 | -56.2% |
| Furniture and vehicles | 24 | €473 | €2,005 | +€1,532 | +324% |
| Financial fixed assets | 28 | - | €1 | +€1 | |
| Current assets | 29/58 | €311,276 | €500,007 | +€188,731 | +60.6% |
| Stocks and contracts in progress | 3 | €121,127 | €195,112 | +€73,985 | +61.1% |
| Stocks | 30/36 | €121,127 | €195,112 | +€73,985 | +61.1% |
| Amounts receivable within one year | 40/41 | €138,505 | €188,848 | +€50,343 | +36.3% |
| Trade receivables | 40 | €123,927 | €167,626 | +€43,699 | +35.3% |
| Other amounts receivable | 41 | €14,578 | €21,222 | +€6,644 | +45.6% |
| Cash at bank and in hand | 54/58 | €51,644 | €104,364 | +€52,720 | +102% |
| Deferred charges and accrued income | 490/1 | - | €11,683 | +€11,683 | |
| Total equity and liabilities | 10/49 | €351,866 | €524,386 | +€172,520 | +49.0% |
| Equity | 10/15 | -€185,658 | -€268,954 | -€83,296 | -44.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €10,942 | €10,942 | = | 0.0% |
| Distributable reserves | 133 | €10,942 | €10,942 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€199,100 | -€282,396 | -€83,296 | -41.8% |
| Amounts payable | 17/49 | €537,524 | €793,340 | +€255,816 | +47.6% |
| Amounts payable after more than one year | 17 | €317,684 | €501,010 | +€183,326 | +57.7% |
| Financial debts | 170/4 | €317,684 | €501,010 | +€183,326 | +57.7% |
| Amounts payable within one year | 42/48 | €215,263 | €286,131 | +€70,868 | +32.9% |
| Current portion of amounts payable after more than one year | 42 | €98,225 | €101,775 | +€3,550 | +3.6% |
| Financial debts | 43 | €50,000 | €100,000 | +€50,000 | +100% |
| Credit institutions | 430/8 | €50,000 | €100,000 | +€50,000 | +100% |
| Trade debts | 44 | €65,040 | €76,549 | +€11,509 | +17.7% |
| Suppliers | 440/4 | €65,040 | €76,549 | +€11,509 | +17.7% |
| Advances received on contracts in progress | 46 | €87 | - | -€87 | |
| Taxes, remuneration and social security | 45 | €251 | €5,999 | +€5,748 | +2,290% |
| Taxes | 450/3 | €251 | €441 | +€190 | +75.7% |
| Remuneration and social security | 454/9 | - | €5,558 | +€5,558 | |
| Other amounts payable | 47/48 | €1,660 | €1,808 | +€148 | +8.9% |
| Accrued charges and deferred income | 492/3 | €4,577 | €6,199 | +€1,622 | +35.4% |
| Remuneration, social security and pensions | 62 | €11,470 | €37,394 | +€25,924 | +226% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,499 | €18,298 | +€2,799 | +18.1% |
| Other operating charges | 640/8 | €2,581 | €4,363 | +€1,782 | +69.0% |
| Gross operating margin | 9900 | -€6,722 | -€4,832 | +€1,890 | +28.1% |
| Operating profit (loss) | 9901 | -€36,272 | -€64,887 | -€28,615 | -78.9% |
| Financial income | 75/76B | €471 | €15 | -€456 | -96.8% |
| Recurring financial income | 75 | €471 | €15 | -€456 | -96.8% |
| Financial charges | 65/66B | €17,494 | €18,191 | +€697 | +4.0% |
| Recurring financial charges | 65 | €17,494 | €18,191 | +€697 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | -€53,295 | -€83,063 | -€29,768 | -55.9% |
| Income taxes | 67/77 | €43 | €233 | +€190 | +442% |
| Profit (loss) for the period | 9904 | -€53,338 | -€83,296 | -€29,958 | -56.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€53,338 | -€83,296 | -€29,958 | -56.2% |
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 25 October 2026 via checked.be.