OPO: 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.
OPO
Largest movements
- Receivables within one year -€36,900
down €36,900 (-91.8%), from €40,217 to €3,317
of which Trade receivables: -€32,613
- Stocks and contracts -€6,360
down €6,360 (-45.2%), from €14,070 to €7,710
- Cash +€3,343
up €3,343, from €0 to €3,343
- Tangible fixed assets -€863
down €863 (-9.4%), from €9,143 to €8,279
of which Plant, machinery and equipment: -€922
- Debts after one year -€20,457
down €20,457 (-55.4%), from €36,925 to €16,467
- Short-term financial debts -€9,632
down €9,632 (-100.0%), from €9,632 to €0
- Trade debts -€7,129
down €7,129 (-65.1%), from €10,959 to €3,830
- Other debts -€1,959
down €1,959 (-69.6%), from €2,815 to €856
- Profit (loss) carried forward -€1,604
down €1,604 (-9.2%), from -€17,467 to -€19,072
- Depreciation -€6,835
down €6,835 (-74.1%), from €9,221 to €2,386
- Gross operating margin -€4,920
down €4,920 (-48.2%), from €10,198 to €5,278
- Financial charges +€2,251
up €2,251 (+673.6%), from €334 to €2,585
- Other operating charges +€1,519
up €1,519 (+387.8%), from €392 to €1,911
From the 2023 result to the 2024 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €63,492 | €22,711 | -€40,781 | -64.2% |
| Fixed assets | 21/28 | €9,143 | €8,279 | -€863 | -9.4% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €9,143 | €8,279 | -€863 | -9.4% |
| Plant, machinery and equipment | 23 | €922 | €0 | -€922 | -100.0% |
| Furniture and vehicles | 24 | €5,167 | €5,856 | +€690 | +13.3% |
| Other tangible fixed assets | 26 | €3,054 | €2,423 | -€631 | -20.7% |
| Current assets | 29/58 | €54,349 | €14,431 | -€39,918 | -73.4% |
| Stocks and contracts in progress | 3 | €14,070 | €7,710 | -€6,360 | -45.2% |
| Stocks | 30/36 | €14,070 | €7,710 | -€6,360 | -45.2% |
| Amounts receivable within one year | 40/41 | €40,217 | €3,317 | -€36,900 | -91.8% |
| Trade receivables | 40 | €35,339 | €2,726 | -€32,613 | -92.3% |
| Other amounts receivable | 41 | €4,878 | €591 | -€4,287 | -87.9% |
| Cash at bank and in hand | 54/58 | €0 | €3,343 | +€3,343 | |
| Deferred charges and accrued income | 490/1 | €62 | €62 | = | 0.0% |
| Total equity and liabilities | 10/49 | €63,492 | €22,711 | -€40,781 | -64.2% |
| Equity | 10/15 | €2,993 | €1,388 | -€1,604 | -53.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€17,467 | -€19,072 | -€1,604 | -9.2% |
| Amounts payable | 17/49 | €60,499 | €21,322 | -€39,177 | -64.8% |
| Amounts payable after more than one year | 17 | €36,925 | €16,467 | -€20,457 | -55.4% |
| Other amounts payable | 178/9 | €36,925 | €16,467 | -€20,457 | -55.4% |
| Amounts payable within one year | 42/48 | €23,575 | €4,855 | -€18,720 | -79.4% |
| Financial debts | 43 | €9,632 | €0 | -€9,632 | -100.0% |
| Credit institutions | 430/8 | €9,632 | €0 | -€9,632 | -100.0% |
| Trade debts | 44 | €10,959 | €3,830 | -€7,129 | -65.1% |
| Suppliers | 440/4 | €10,959 | €3,830 | -€7,129 | -65.1% |
| Taxes, remuneration and social security | 45 | €168 | €168 | = | 0.0% |
| Taxes | 450/3 | €168 | €168 | = | 0.0% |
| Other amounts payable | 47/48 | €2,815 | €856 | -€1,959 | -69.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,221 | €2,386 | -€6,835 | -74.1% |
| Other operating charges | 640/8 | €392 | €1,911 | +€1,519 | +387.8% |
| Gross operating margin | 9900 | €10,198 | €5,278 | -€4,920 | -48.2% |
| Operating profit (loss) | 9901 | €586 | €981 | +€395 | +67.4% |
| Financial charges | 65/66B | €334 | €2,585 | +€2,251 | +673.6% |
| Recurring financial charges | 65 | €334 | €2,585 | +€2,251 | +673.6% |
| Profit (loss) for the period before taxes | 9903 | €251 | -€1,604 | -€1,856 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €251 | -€1,604 | -€1,856 | |
| Profit (loss) for the period to be appropriated | 9905 | €251 | -€1,604 | -€1,856 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.