OPS-Line: 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.
OPS-Line
Largest movements
- Receivables within one year +€271,481
up €271,481 (+325.2%), from €83,479 to €354,960
of which Trade receivables: +€245,892
- Deferred charges and accrued income -€32,346
down €32,346 (-67.7%), from €47,765 to €15,419
- Cash -€6,262
down €6,262 (-3.2%), from €197,642 to €191,379
mainly Receivables within one year (-€271,481) and Other debts (-€71,803)
- Trade debts +€223,752
up €223,752 (+174.0%), from €128,560 to €352,312
- Reserves +€84,848
up €84,848 (+86.5%), from €98,038 to €182,886
of which Distributable reserves: +€84,848
- Other debts -€71,803
down €71,803 (-66.4%), from €108,075 to €36,271
- Gross operating margin +€89,947
up €89,947 (+123.0%), from €73,148 to €163,094
- Taxes +€35,162
up €35,162 (+318.6%), from €11,038 to €46,200
- Staff costs -€22,240
down €22,240, from €21,607 to -€633
- Depreciation +€5,097
up €5,097 (+181.7%), from €2,805 to €7,902
- Financial charges +€2,277
up €2,277 (+68.6%), from €3,321 to €5,599
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 | €365,825 | €599,736 | +€233,911 | +63.9% |
| Fixed assets | 21/28 | €36,940 | €37,978 | +€1,038 | +2.8% |
| Tangible fixed assets | 22/27 | €36,670 | €37,708 | +€1,038 | +2.8% |
| Plant, machinery and equipment | 23 | €21,606 | €17,012 | -€4,594 | -21.3% |
| Furniture and vehicles | 24 | €15,064 | €20,696 | +€5,632 | +37.4% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €328,886 | €561,758 | +€232,873 | +70.8% |
| Amounts receivable within one year | 40/41 | €83,479 | €354,960 | +€271,481 | +325.2% |
| Trade receivables | 40 | €71,402 | €317,294 | +€245,892 | +344.4% |
| Other amounts receivable | 41 | €12,077 | €37,666 | +€25,588 | +211.9% |
| Cash at bank and in hand | 54/58 | €197,642 | €191,379 | -€6,262 | -3.2% |
| Deferred charges and accrued income | 490/1 | €47,765 | €15,419 | -€32,346 | -67.7% |
| Total equity and liabilities | 10/49 | €365,825 | €599,736 | +€233,911 | +63.9% |
| Equity | 10/15 | €116,638 | €201,486 | +€84,848 | +72.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €98,038 | €182,886 | +€84,848 | +86.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €96,178 | €181,026 | +€84,848 | +88.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €249,187 | €398,250 | +€149,063 | +59.8% |
| Amounts payable within one year | 42/48 | €248,453 | €398,122 | +€149,669 | +60.2% |
| Trade debts | 44 | €128,560 | €352,312 | +€223,752 | +174.0% |
| Suppliers | 440/4 | €128,560 | €352,312 | +€223,752 | +174.0% |
| Taxes, remuneration and social security | 45 | €11,819 | €9,539 | -€2,280 | -19.3% |
| Taxes | 450/3 | €11,819 | €9,539 | -€2,280 | -19.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €108,075 | €36,271 | -€71,803 | -66.4% |
| Accrued charges and deferred income | 492/3 | €734 | €128 | -€606 | -82.6% |
| Non-recurring operating income | 76A | - | €20,000 | +€20,000 | |
| Remuneration, social security and pensions | 62 | €21,607 | -€633 | -€22,240 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,805 | €7,902 | +€5,097 | +181.7% |
| Other operating charges | 640/8 | €8,784 | €9,199 | +€415 | +4.7% |
| Gross operating margin | 9900 | €73,148 | €163,094 | +€89,947 | +123.0% |
| Operating profit (loss) | 9901 | €39,952 | €146,627 | +€106,675 | +267.0% |
| Financial income | 75/76B | €22 | €20 | -€2 | -8.1% |
| Recurring financial income | 75 | €22 | €20 | -€2 | -8.1% |
| Financial charges | 65/66B | €3,321 | €5,599 | +€2,277 | +68.6% |
| Recurring financial charges | 65 | €3,321 | €5,599 | +€2,277 | +68.6% |
| Profit (loss) for the period before taxes | 9903 | €36,652 | €141,048 | +€104,396 | +284.8% |
| Income taxes | 67/77 | €11,038 | €46,200 | +€35,162 | +318.6% |
| Profit (loss) for the period | 9904 | €25,614 | €94,848 | +€69,234 | +270.3% |
| Profit (loss) for the period to be appropriated | 9905 | €25,614 | €94,848 | +€69,234 | +270.3% |
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.