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OPM81: 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.

What changed

OPM81

BE 0890.230.366
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€188,583
2024 · €186,247+€2,336
Equity
€1.2m
2024 · €1.1m+€55,607
Cash
€3,554
2024 · €2,056+€1,498
Balance sheet total
€1.3m
2024 · €1.3m+€9,461

Largest movements

2024 to 2025
Assets
  • Receivables within one year +€18,537

    up €18,537 (+1312.7%), from €1,412 to €19,949

Equity and liabilities
  • Reserves +€55,607

    up €55,607 (+4.9%), from €1.1m to €1.2m

  • Other debts -€54,946

    down €54,946 (-83.5%), from €65,842 to €10,896

  • Tax, wage and social debts +€16,598

    up €16,598 (+107.6%), from €15,429 to €32,027

Income statement
  • Gross operating margin -€116,632

    down €116,632 (-41.0%), from €284,210 to €167,578

  • Financial income +€86,827

    new in 2025: €86,827

  • Taxes -€27,211

    down €27,211 (-33.8%), from €80,422 to €53,211

  • Financial charges -€6,159

    down €6,159 (-87.5%), from €7,042 to €883

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €186,247
Gross operating margin -€116,632
Depreciation -€1,283
Other operating charges +€54
Financial income +€86,827
Financial charges +€6,159
Taxes +€27,211
Result 2025 €188,583

Cash bridge derived

cash 2024 to 2025

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.

From operations +€143,334
Investment €0
Financing -€141,835
Cash 2024 €2,056
Net result for the year +€188,583
Depreciation +€10,583
Receivables within one year -€18,537
Smaller working-capital items +€6
Trade debts +€1,046
Tax, wage and social debts +€16,598
Other debts -€54,946
Short-term financial debts -€8,859
Contributions, distributions and other -€132,976
Cash 2025 €3,554
Every line side by side 40 lines
Line Code 2024 2025 Change %
Total assets 20/58 €1,251,221 €1,260,682 +€9,461 +0.8%
Fixed assets 21/28 €1,247,536 €1,236,952 -€10,583 -0.8%
Tangible fixed assets 22/27 €47,536 €36,952 -€10,583 -22.3%
Plant, machinery and equipment 23 €8,136 €6,965 -€1,171 -14.4%
Furniture and vehicles 24 €39,400 €29,987 -€9,413 -23.9%
Financial fixed assets 28 €1,200,000 €1,200,000 = 0.0%
Current assets 29/58 €3,685 €23,730 +€20,045 +544.0%
Amounts receivable within one year 40/41 €1,412 €19,949 +€18,537 +1312.7%
Other amounts receivable 41 €1,412 €19,949 +€18,537 +1312.7%
Cash at bank and in hand 54/58 €2,056 €3,554 +€1,498 +72.9%
Deferred charges and accrued income 490/1 €217 €226 +€9 +4.1%
Total equity and liabilities 10/49 €1,251,221 €1,260,682 +€9,461 +0.8%
Equity 10/15 €1,146,060 €1,201,667 +€55,607 +4.9%
Contributions 10/11 €12,400 €12,400 = 0.0%
Reserves 13 €1,133,660 €1,189,267 +€55,607 +4.9%
Distributable reserves 133 €1,133,660 €1,189,267 +€55,607 +4.9%
Profit (loss) carried forward 14 €0 €0 =
Amounts payable 17/49 €105,161 €59,015 -€46,146 -43.9%
Amounts payable within one year 42/48 €103,167 €57,006 -€46,161 -44.7%
Financial debts 43 €20,669 €11,809 -€8,859 -42.9%
Credit institutions 430/8 €20,669 €11,809 -€8,859 -42.9%
Trade debts 44 €1,228 €2,274 +€1,046 +85.2%
Suppliers 440/4 €1,228 €2,274 +€1,046 +85.2%
Taxes, remuneration and social security 45 €15,429 €32,027 +€16,598 +107.6%
Taxes 450/3 €15,429 €32,027 +€16,598 +107.6%
Other amounts payable 47/48 €65,842 €10,896 -€54,946 -83.5%
Accrued charges and deferred income 492/3 €1,994 €2,009 +€15 +0.8%
Non-recurring operating income 76A - €4,000 +€4,000
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €9,300 €10,583 +€1,283 +13.8%
Other operating charges 640/8 €1,200 €1,145 -€54 -4.5%
Gross operating margin 9900 €284,210 €167,578 -€116,632 -41.0%
Operating profit (loss) 9901 €273,711 €155,849 -€117,862 -43.1%
Financial income 75/76B - €86,827 +€86,827
Recurring financial income 75 - €86,827 +€86,827
Financial charges 65/66B €7,042 €883 -€6,159 -87.5%
Recurring financial charges 65 €7,042 €883 -€6,159 -87.5%
Profit (loss) for the period before taxes 9903 €266,669 €241,793 -€24,876 -9.3%
Income taxes 67/77 €80,422 €53,211 -€27,211 -33.8%
Profit (loss) for the period 9904 €186,247 €188,583 +€2,336 +1.3%
Profit (loss) for the period to be appropriated 9905 €186,247 €188,583 +€2,336 +1.3%

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 29 September 2026 via checked.be.