OPORA: 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.
OPORA
Largest movements
- Receivables within one year +€172,156
up €172,156 (+251.8%), from €68,378 to €240,534
of which Other amounts receivable: +€173,003
- Tangible fixed assets +€148,047
up €148,047 (+9.3%), from €1.6m to €1.7m
of which Plant, machinery and equipment: +€150,655
- Cash -€91,187
down €91,187 (-83.5%), from €109,181 to €17,994
mainly Investment in fixed assets (net) (-€243,484) and Receivables within one year (-€172,156)
- Reserves +€251,795
up €251,795 (+40.5%), from €620,988 to €872,783
of which Distributable reserves: +€251,795
- Accrued charges and deferred income -€36,947
no longer reported in 2024 (was €36,947)
- Gross operating margin +€325,344
up €325,344 (+91.1%), from €357,125 to €682,470
- Taxes +€124,930
up €124,930 (+1046.0%), from €11,943 to €136,874
- Depreciation -€107,966
down €107,966 (-52.1%), from €207,065 to €99,099
- Staff costs +€34,084
up €34,084 (+50.0%), from €68,205 to €102,289
- Financial charges +€29,691
up €29,691 (+91.2%), from €32,573 to €62,264
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
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,023,845 | €3,253,882 | +€230,037 | +7.6% |
| Fixed assets | 21/28 | €2,846,285 | €2,990,670 | +€144,385 | +5.1% |
| Tangible fixed assets | 22/27 | €1,590,461 | €1,738,508 | +€148,047 | +9.3% |
| Land and buildings | 22 | €1,280,572 | €1,237,513 | -€43,058 | -3.4% |
| Plant, machinery and equipment | 23 | €260,894 | €411,549 | +€150,655 | +57.7% |
| Furniture and vehicles | 24 | €46,355 | €86,806 | +€40,451 | +87.3% |
| Other tangible fixed assets | 26 | €2,640 | €2,640 | = | 0.0% |
| Financial fixed assets | 28 | €1,255,825 | €1,252,162 | -€3,662 | -0.3% |
| Current assets | 29/58 | €177,559 | €263,212 | +€85,653 | +48.2% |
| Amounts receivable within one year | 40/41 | €68,378 | €240,534 | +€172,156 | +251.8% |
| Trade receivables | 40 | €44,673 | €43,826 | -€847 | -1.9% |
| Other amounts receivable | 41 | €23,705 | €196,708 | +€173,003 | +729.8% |
| Cash at bank and in hand | 54/58 | €109,181 | €17,994 | -€91,187 | -83.5% |
| Deferred charges and accrued income | 490/1 | - | €4,684 | +€4,684 | |
| Total equity and liabilities | 10/49 | €3,023,845 | €3,253,882 | +€230,037 | +7.6% |
| Equity | 10/15 | €1,375,433 | €1,627,228 | +€251,795 | +18.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €620,988 | €872,783 | +€251,795 | +40.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €614,788 | €866,583 | +€251,795 | +41.0% |
| Profit (loss) carried forward | 14 | €692,445 | €692,445 | = | 0.0% |
| Amounts payable | 17/49 | €1,648,412 | €1,626,654 | -€21,758 | -1.3% |
| Amounts payable within one year | 42/48 | €1,611,465 | €1,626,654 | +€15,189 | +0.9% |
| Trade debts | 44 | €53,931 | €49,919 | -€4,012 | -7.4% |
| Suppliers | 440/4 | €53,931 | €49,919 | -€4,012 | -7.4% |
| Taxes, remuneration and social security | 45 | €38,385 | €49,353 | +€10,968 | +28.6% |
| Taxes | 450/3 | €25,211 | €38,376 | +€13,165 | +52.2% |
| Remuneration and social security | 454/9 | €13,174 | €10,976 | -€2,198 | -16.7% |
| Other amounts payable | 47/48 | €1,519,150 | €1,527,383 | +€8,233 | +0.5% |
| Accrued charges and deferred income | 492/3 | €36,947 | - | -€36,947 | |
| Remuneration, social security and pensions | 62 | €68,205 | €102,289 | +€34,084 | +50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €207,065 | €99,099 | -€107,966 | -52.1% |
| Other operating charges | 640/8 | €17,932 | €12,372 | -€5,560 | -31.0% |
| Gross operating margin | 9900 | €357,125 | €682,470 | +€325,344 | +91.1% |
| Operating profit (loss) | 9901 | €63,923 | €468,710 | +€404,786 | +633.2% |
| Financial income | 75/76B | €2,162 | €22,466 | +€20,304 | +939.0% |
| Recurring financial income | 75 | €2,162 | €14,466 | +€12,304 | +569.0% |
| Non-recurring financial income | 76B | - | €8,000 | +€8,000 | |
| Financial charges | 65/66B | €32,573 | €62,264 | +€29,691 | +91.2% |
| Recurring financial charges | 65 | €32,573 | €62,264 | +€29,691 | +91.2% |
| Profit (loss) for the period before taxes | 9903 | €33,513 | €428,912 | +€395,399 | +1179.8% |
| Income taxes | 67/77 | €11,943 | €136,874 | +€124,930 | +1046.0% |
| Profit (loss) for the period | 9904 | €21,569 | €292,039 | +€270,469 | +1254.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,569 | €292,039 | +€270,469 | +1254.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.