OPR: 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.
OPR
Largest movements
- Receivables within one year +€26,630
up €26,630 (+154.7%), from €17,211 to €43,840
of which Trade receivables: +€30,315
- Cash -€6,020
down €6,020 (-57.0%), from €10,565 to €4,545
mainly Receivables within one year (-€26,630) and Investment in fixed assets (net) (-€3,044)
- Current investments -€3,000
down €3,000 (-60.0%), from €5,000 to €2,000
- Financial fixed assets +€2,470
new in 2025: €2,470
- Tangible fixed assets -€1,681
down €1,681 (-24.7%), from €6,795 to €5,114
of which Furniture and vehicles: -€1,442
- Trade debts +€14,542
up €14,542 (+981.3%), from €1,482 to €16,024
- Reserves +€2,514
up €2,514 (+13.1%), from €19,155 to €21,669
- Tax, wage and social debts +€1,922
new in 2025: €1,922
- Other debts -€614
down €614 (-65.8%), from €933 to €319
- Gross operating margin -€1,721
down €1,721 (-18.0%), from €9,556 to €7,835
- Other operating charges -€1,072
down €1,072 (-41.3%), from €2,598 to €1,526
- Depreciation -€349
down €349 (-13.4%), from €2,603 to €2,254
- Taxes -€104
down €104 (-7.0%), from €1,497 to €1,393
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 | €41,146 | €59,511 | +€18,365 | +44.6% |
| Fixed assets | 21/28 | €6,795 | €7,584 | +€789 | +11.6% |
| Tangible fixed assets | 22/27 | €6,795 | €5,114 | -€1,681 | -24.7% |
| Plant, machinery and equipment | 23 | €3,405 | €3,165 | -€239 | -7.0% |
| Furniture and vehicles | 24 | €3,390 | €1,949 | -€1,442 | -42.5% |
| Financial fixed assets | 28 | - | €2,470 | +€2,470 | |
| Current assets | 29/58 | €34,351 | €51,927 | +€17,576 | +51.2% |
| Stocks and contracts in progress | 3 | €97 | - | -€97 | |
| Stocks | 30/36 | €97 | - | -€97 | |
| Amounts receivable within one year | 40/41 | €17,211 | €43,840 | +€26,630 | +154.7% |
| Trade receivables | 40 | €13,526 | €43,840 | +€30,315 | +224.1% |
| Other amounts receivable | 41 | €3,685 | - | -€3,685 | |
| Current investments | 50/53 | €5,000 | €2,000 | -€3,000 | -60.0% |
| Cash at bank and in hand | 54/58 | €10,565 | €4,545 | -€6,020 | -57.0% |
| Deferred charges and accrued income | 490/1 | €1,479 | €1,542 | +€64 | +4.3% |
| Total equity and liabilities | 10/49 | €41,146 | €59,511 | +€18,365 | +44.6% |
| Equity | 10/15 | €38,731 | €41,246 | +€2,514 | +6.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €19,155 | €21,669 | +€2,514 | +13.1% |
| Distributable reserves | 133 | €19,155 | €21,669 | +€2,514 | +13.1% |
| Profit (loss) carried forward | 14 | €976 | €977 | +€0 | 0.0% |
| Amounts payable | 17/49 | €2,415 | €18,265 | +€15,850 | +656.3% |
| Amounts payable within one year | 42/48 | €2,415 | €18,265 | +€15,850 | +656.3% |
| Trade debts | 44 | €1,482 | €16,024 | +€14,542 | +981.3% |
| Suppliers | 440/4 | €1,482 | €16,024 | +€14,542 | +981.3% |
| Taxes, remuneration and social security | 45 | - | €1,922 | +€1,922 | |
| Taxes | 450/3 | - | €1,922 | +€1,922 | |
| Other amounts payable | 47/48 | €933 | €319 | -€614 | -65.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,603 | €2,254 | -€349 | -13.4% |
| Other operating charges | 640/8 | €2,598 | €1,526 | -€1,072 | -41.3% |
| Gross operating margin | 9900 | €9,556 | €7,835 | -€1,721 | -18.0% |
| Operating profit (loss) | 9901 | €4,355 | €4,054 | -€300 | -6.9% |
| Financial income | 75/76B | €34 | €5 | -€29 | -85.5% |
| Recurring financial income | 75 | €34 | €5 | -€29 | -85.5% |
| Financial charges | 65/66B | €126 | €152 | +€26 | +20.2% |
| Recurring financial charges | 65 | €126 | €152 | +€26 | +20.2% |
| Profit (loss) for the period before taxes | 9903 | €4,262 | €3,907 | -€355 | -8.3% |
| Income taxes | 67/77 | €1,497 | €1,393 | -€104 | -7.0% |
| Profit (loss) for the period | 9904 | €2,765 | €2,514 | -€250 | -9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,765 | €2,514 | -€250 | -9.1% |
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 8 October 2026 via checked.be.