OPTAC: 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.
OPTAC
Largest movements
- Tangible fixed assets -€128,896
down €128,896 (-4.3%), from €3.0m to €2.8m
of which Land and buildings: -€127,409
- Cash -€50,314
down €50,314 (-27.4%), from €183,857 to €133,543
mainly Trade debts (-€191,350) and Short-term financial debts (-€100,000)
- Receivables within one year -€41,956
down €41,956 (-58.3%), from €71,921 to €29,965
of which Other amounts receivable: -€44,257
- Trade debts -€191,350
down €191,350 (-51.5%), from €371,521 to €180,171
- Short-term financial debts -€100,000
no longer reported in 2024 (was €100,000)
- Debts after one year +€95,432
up €95,432 (+18.9%), from €504,072 to €599,504
of which Financial debts: +€159,226
- Investment grants -€46,810
down €46,810 (-41.4%), from €112,992 to €66,182
- Profit (loss) carried forward +€46,670
up €46,670 (+39.2%), from -€119,065 to -€72,395
- Financial income +€131,025
up €131,025 (+164.4%), from €79,677 to €210,702
- Staff costs -€33,719
down €33,719 (-18.7%), from €179,974 to €146,255
- Depreciation +€24,990
up €24,990 (+18.7%), from €133,407 to €158,397
- Financial charges +€19,505
up €19,505 (+91.9%), from €21,233 to €40,738
- Gross operating margin +€18,121
up €18,121 (+10.5%), from €172,519 to €190,640
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 | €3,221,690 | €3,000,524 | -€221,166 | -6.9% |
| Fixed assets | 21/28 | €2,965,912 | €2,837,016 | -€128,896 | -4.3% |
| Tangible fixed assets | 22/27 | €2,965,205 | €2,836,309 | -€128,896 | -4.3% |
| Land and buildings | 22 | €2,703,970 | €2,576,561 | -€127,409 | -4.7% |
| Plant, machinery and equipment | 23 | €52,692 | €61,184 | +€8,492 | +16.1% |
| Furniture and vehicles | 24 | €208,543 | €198,564 | -€9,979 | -4.8% |
| Financial fixed assets | 28 | €707 | €707 | = | 0.0% |
| Current assets | 29/58 | €255,778 | €163,508 | -€92,270 | -36.1% |
| Amounts receivable within one year | 40/41 | €71,921 | €29,965 | -€41,956 | -58.3% |
| Trade receivables | 40 | €22,499 | €24,800 | +€2,301 | +10.2% |
| Other amounts receivable | 41 | €49,422 | €5,165 | -€44,257 | -89.5% |
| Cash at bank and in hand | 54/58 | €183,857 | €133,543 | -€50,314 | -27.4% |
| Total equity and liabilities | 10/49 | €3,221,690 | €3,000,524 | -€221,166 | -6.9% |
| Equity | 10/15 | €2,168,691 | €2,168,551 | -€140 | 0.0% |
| Contributions | 10/11 | €173,525 | €173,525 | = | 0.0% |
| Capital | 10 | €173,525 | €173,525 | = | 0.0% |
| Issued capital | 100 | €173,525 | €173,525 | = | 0.0% |
| Revaluation surpluses | 12 | €2,000,000 | €2,000,000 | = | 0.0% |
| Reserves | 13 | €1,239 | €1,239 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,239 | €1,239 | = | 0.0% |
| Legal reserve | 130 | €1,239 | €1,239 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€119,065 | -€72,395 | +€46,670 | +39.2% |
| Investment grants | 15 | €112,992 | €66,182 | -€46,810 | -41.4% |
| Amounts payable | 17/49 | €1,052,999 | €831,973 | -€221,026 | -21.0% |
| Amounts payable after more than one year | 17 | €504,072 | €599,504 | +€95,432 | +18.9% |
| Financial debts | 170/4 | €929 | €160,155 | +€159,226 | +17139.5% |
| Other amounts payable | 178/9 | €503,143 | €439,349 | -€63,794 | -12.7% |
| Amounts payable within one year | 42/48 | €548,927 | €232,469 | -€316,458 | -57.7% |
| Current portion of amounts payable after more than one year | 42 | €50,533 | €48,683 | -€1,850 | -3.7% |
| Financial debts | 43 | €100,000 | - | -€100,000 | |
| Credit institutions | 430/8 | €100,000 | - | -€100,000 | |
| Trade debts | 44 | €371,521 | €180,171 | -€191,350 | -51.5% |
| Suppliers | 440/4 | €371,521 | €180,171 | -€191,350 | -51.5% |
| Taxes, remuneration and social security | 45 | €26,873 | €3,615 | -€23,258 | -86.5% |
| Taxes | 450/3 | €5,884 | - | -€5,884 | |
| Remuneration and social security | 454/9 | €20,989 | €3,615 | -€17,374 | -82.8% |
| Remuneration, social security and pensions | 62 | €179,974 | €146,255 | -€33,719 | -18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €133,407 | €158,397 | +€24,990 | +18.7% |
| Other operating charges | 640/8 | €14,162 | €9,282 | -€4,880 | -34.5% |
| Gross operating margin | 9900 | €172,519 | €190,640 | +€18,121 | +10.5% |
| Operating profit (loss) | 9901 | -€155,024 | -€123,294 | +€31,730 | +20.5% |
| Financial income | 75/76B | €79,677 | €210,702 | +€131,025 | +164.4% |
| Recurring financial income | 75 | €79,677 | €210,702 | +€131,025 | +164.4% |
| Financial charges | 65/66B | €21,233 | €40,738 | +€19,505 | +91.9% |
| Recurring financial charges | 65 | €21,233 | €40,738 | +€19,505 | +91.9% |
| Profit (loss) for the period before taxes | 9903 | -€96,580 | €46,670 | +€143,250 | |
| Profit (loss) for the period | 9904 | -€96,580 | €46,670 | +€143,250 | |
| Profit (loss) for the period to be appropriated | 9905 | -€96,580 | €46,670 | +€143,250 |
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 5 October 2026 via checked.be.