OPNIPHAR: 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.
OPNIPHAR
Largest movements
- Tangible fixed assets -€78,543
down €78,543 (-6.8%), from €1.2m to €1.1m
of which Plant, machinery and equipment: -€44,827
- Receivables within one year -€19,883
down €19,883 (-8.1%), from €246,509 to €226,626
of which Other amounts receivable: -€17,373
- Debts after one year -€86,875
down €86,875 (-11.2%), from €776,198 to €689,322
- Reserves +€43,653
up €43,653 (+9.3%), from €471,838 to €515,491
- Trade debts -€28,976
down €28,976 (-11.9%), from €242,835 to €213,860
- Gross operating margin +€83,695
up €83,695 (+15.4%), from €543,671 to €627,366
- Staff costs +€22,246
up €22,246 (+6.1%), from €362,177 to €384,422
- Taxes +€12,237
up €12,237 (+3823.9%), from €320 to €12,557
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 | €1,971,966 | €1,897,954 | -€74,012 | -3.8% |
| Fixed assets | 21/28 | €1,163,115 | €1,086,382 | -€76,733 | -6.6% |
| Tangible fixed assets | 22/27 | €1,158,115 | €1,079,572 | -€78,543 | -6.8% |
| Land and buildings | 22 | €892,547 | €859,468 | -€33,080 | -3.7% |
| Plant, machinery and equipment | 23 | €258,797 | €213,971 | -€44,827 | -17.3% |
| Furniture and vehicles | 24 | €6,770 | €6,133 | -€637 | -9.4% |
| Financial fixed assets | 28 | €5,000 | €6,810 | +€1,810 | +36.2% |
| Current assets | 29/58 | €808,851 | €811,572 | +€2,721 | +0.3% |
| Stocks and contracts in progress | 3 | €380,233 | €398,128 | +€17,895 | +4.7% |
| Stocks | 30/36 | €380,233 | €398,128 | +€17,895 | +4.7% |
| Amounts receivable within one year | 40/41 | €246,509 | €226,626 | -€19,883 | -8.1% |
| Trade receivables | 40 | €213,251 | €210,742 | -€2,510 | -1.2% |
| Other amounts receivable | 41 | €33,258 | €15,885 | -€17,373 | -52.2% |
| Cash at bank and in hand | 54/58 | €144,856 | €154,326 | +€9,470 | +6.5% |
| Deferred charges and accrued income | 490/1 | €37,254 | €32,492 | -€4,762 | -12.8% |
| Total equity and liabilities | 10/49 | €1,971,966 | €1,897,954 | -€74,012 | -3.8% |
| Equity | 10/15 | €490,388 | €534,041 | +€43,653 | +8.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €471,838 | €515,491 | +€43,653 | +9.3% |
| Distributable reserves | 133 | €471,838 | €515,491 | +€43,653 | +9.3% |
| Amounts payable | 17/49 | €1,481,578 | €1,363,913 | -€117,665 | -7.9% |
| Amounts payable after more than one year | 17 | €776,198 | €689,322 | -€86,875 | -11.2% |
| Financial debts | 170/4 | €776,198 | €689,322 | -€86,875 | -11.2% |
| Amounts payable within one year | 42/48 | €697,021 | €663,547 | -€33,474 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €86,155 | €86,875 | +€720 | +0.8% |
| Trade debts | 44 | €242,835 | €213,860 | -€28,976 | -11.9% |
| Suppliers | 440/4 | €242,835 | €213,860 | -€28,976 | -11.9% |
| Taxes, remuneration and social security | 45 | €52,779 | €50,834 | -€1,946 | -3.7% |
| Taxes | 450/3 | €4,015 | €151 | -€3,864 | -96.2% |
| Remuneration and social security | 454/9 | €48,765 | €50,683 | +€1,918 | +3.9% |
| Other amounts payable | 47/48 | €315,251 | €311,978 | -€3,273 | -1.0% |
| Accrued charges and deferred income | 492/3 | €8,359 | €11,044 | +€2,685 | +32.1% |
| Remuneration, social security and pensions | 62 | €362,177 | €384,422 | +€22,246 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,984 | €88,764 | +€1,780 | +2.0% |
| Other operating charges | 640/8 | €4,405 | €6,304 | +€1,899 | +43.1% |
| Gross operating margin | 9900 | €543,671 | €627,366 | +€83,695 | +15.4% |
| Operating profit (loss) | 9901 | €90,106 | €147,876 | +€57,770 | +64.1% |
| Financial income | 75/76B | €4,610 | €2,870 | -€1,740 | -37.7% |
| Recurring financial income | 75 | €4,610 | €2,870 | -€1,740 | -37.7% |
| Financial charges | 65/66B | €97,709 | €94,536 | -€3,173 | -3.2% |
| Recurring financial charges | 65 | €97,709 | €94,536 | -€3,173 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,993 | €56,210 | +€59,203 | |
| Income taxes | 67/77 | €320 | €12,557 | +€12,237 | +3823.9% |
| Profit (loss) for the period | 9904 | -€3,313 | €43,653 | +€46,966 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,313 | €43,653 | +€46,966 |
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 12 October 2026 via checked.be.