OPREEL PROJECTS & MANAGEMENT: 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.
OPREEL PROJECTS & MANAGEMENT
Largest movements
- Receivables within one year -€54,406
down €54,406 (-66.4%), from €81,993 to €27,587
of which Trade receivables: -€68,613
- Tangible fixed assets -€18,913
down €18,913 (-6.9%), from €273,061 to €254,149
of which Furniture and vehicles: -€10,165
- Current investments -€7,970
down €7,970 (-14.8%), from €53,990 to €46,020
- Deferred charges and accrued income +€7,611
up €7,611 (+91.8%), from €8,294 to €15,906
- Stocks and contracts -€6,855
down €6,855 (-50.7%), from €13,525 to €6,670
- Debts after one year -€54,748
down €54,748 (-29.0%), from €189,059 to €134,311
- Other debts -€15,730
down €15,730 (-41.8%), from €37,616 to €21,886
- Trade debts -€11,922
down €11,922 (-67.7%), from €17,622 to €5,700
- Reserves -€11,141
down €11,141 (-6.7%), from €165,065 to €153,924
- Gross operating margin +€3,475
up €3,475 (+8.8%), from €39,652 to €43,128
- Taxes +€1,611
up €1,611 (+39.0%), from €4,132 to €5,743
- Financial charges +€657
up €657 (+9.1%), from €7,212 to €7,869
- Other operating charges -€566
down €566 (-29.3%), from €1,930 to €1,365
- Financial income +€488
up €488 (+31.5%), from €1,550 to €2,039
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.
Derived cash bridge
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 | €452,195 | €365,940 | -€86,255 | -19.1% |
| Fixed assets | 21/28 | €283,111 | €264,149 | -€18,963 | -6.7% |
| Tangible fixed assets | 22/27 | €273,061 | €254,149 | -€18,913 | -6.9% |
| Land and buildings | 22 | €245,025 | €236,205 | -€8,820 | -3.6% |
| Plant, machinery and equipment | 23 | €701 | €774 | +€72 | +10.3% |
| Furniture and vehicles | 24 | €27,335 | €17,170 | -€10,165 | -37.2% |
| Financial fixed assets | 28 | €10,050 | €10,000 | -€50 | -0.5% |
| Current assets | 29/58 | €169,084 | €101,792 | -€67,292 | -39.8% |
| Stocks and contracts in progress | 3 | €13,525 | €6,670 | -€6,855 | -50.7% |
| Stocks | 30/36 | €13,525 | €6,670 | -€6,855 | -50.7% |
| Amounts receivable within one year | 40/41 | €81,993 | €27,587 | -€54,406 | -66.4% |
| Trade receivables | 40 | €80,678 | €12,065 | -€68,613 | -85.0% |
| Other amounts receivable | 41 | €1,315 | €15,522 | +€14,207 | +1,080% |
| Current investments | 50/53 | €53,990 | €46,020 | -€7,970 | -14.8% |
| Cash at bank and in hand | 54/58 | €11,282 | €5,609 | -€5,673 | -50.3% |
| Deferred charges and accrued income | 490/1 | €8,294 | €15,906 | +€7,611 | +91.8% |
| Total equity and liabilities | 10/49 | €452,195 | €365,940 | -€86,255 | -19.1% |
| Equity | 10/15 | €171,265 | €160,124 | -€11,141 | -6.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €165,065 | €153,924 | -€11,141 | -6.7% |
| Distributable reserves | 133 | €165,065 | €153,924 | -€11,141 | -6.7% |
| Amounts payable | 17/49 | €280,930 | €205,817 | -€75,113 | -26.7% |
| Amounts payable after more than one year | 17 | €189,059 | €134,311 | -€54,748 | -29.0% |
| Financial debts | 170/4 | €189,059 | €134,311 | -€54,748 | -29.0% |
| Amounts payable within one year | 42/48 | €84,955 | €61,558 | -€23,397 | -27.5% |
| Current portion of amounts payable after more than one year | 42 | €24,257 | €24,748 | +€491 | +2.0% |
| Financial debts | 43 | - | €1,055 | +€1,055 | |
| Credit institutions | 430/8 | - | €1,055 | +€1,055 | |
| Trade debts | 44 | €17,622 | €5,700 | -€11,922 | -67.7% |
| Suppliers | 440/4 | €17,622 | €5,700 | -€11,922 | -67.7% |
| Taxes, remuneration and social security | 45 | €5,460 | €8,170 | +€2,710 | +49.6% |
| Taxes | 450/3 | €5,460 | €8,170 | +€2,710 | +49.6% |
| Other amounts payable | 47/48 | €37,616 | €21,886 | -€15,730 | -41.8% |
| Accrued charges and deferred income | 492/3 | €6,916 | €9,948 | +€3,032 | +43.8% |
| Non-recurring operating income | 76A | - | €1,300 | +€1,300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,355 | €19,445 | +€90 | +0.5% |
| Other operating charges | 640/8 | €1,930 | €1,365 | -€566 | -29.3% |
| Gross operating margin | 9900 | €39,652 | €43,128 | +€3,475 | +8.8% |
| Operating profit (loss) | 9901 | €18,367 | €22,318 | +€3,951 | +21.5% |
| Financial income | 75/76B | €1,550 | €2,039 | +€488 | +31.5% |
| Recurring financial income | 75 | €1,550 | €2,039 | +€488 | +31.5% |
| Financial charges | 65/66B | €7,212 | €7,869 | +€657 | +9.1% |
| Recurring financial charges | 65 | €7,212 | €7,869 | +€657 | +9.1% |
| Profit (loss) for the period before taxes | 9903 | €12,705 | €16,488 | +€3,783 | +29.8% |
| Income taxes | 67/77 | €4,132 | €5,743 | +€1,611 | +39.0% |
| Profit (loss) for the period | 9904 | €8,573 | €10,745 | +€2,171 | +25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,573 | €10,745 | +€2,171 | +25.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.