OpTraCo: 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.
OpTraCo
Largest movements
- Tangible fixed assets -€110,240
down €110,240 (-74.8%), from €147,295 to €37,054
- Cash +€90,652
up €90,652 (+44.6%), from €203,381 to €294,033
mainly Investment in fixed assets (net) (+€97,513) and Net result for the year (+€80,858)
- Deferred charges and accrued income -€21,462
down €21,462 (-100.0%), from €21,462 to €0
- Receivables within one year +€12,834
up €12,834 (+189.6%), from €6,769 to €19,603
of which Trade receivables: +€12,834
- Reserves +€80,858
up €80,858 (+48.1%), from €168,183 to €249,042
- Debts after one year -€74,986
down €74,986 (-76.2%), from €98,435 to €23,449
- Tax, wage and social debts -€21,678
down €21,678 (-29.8%), from €72,773 to €51,096
of which Taxes: -€25,726
- Current portion of long-term debt -€16,544
down €16,544 (-59.6%), from €27,740 to €11,195
- Trade debts +€4,521
up €4,521 (+70.8%), from €6,389 to €10,909
- Gross operating margin +€87,257
up €87,257 (+51.8%), from €168,303 to €255,560
- Other operating charges +€27,528
up €27,528 (+5447.4%), from €505 to €28,033
- Taxes +€17,561
up €17,561 (+157.7%), from €11,137 to €28,698
- Depreciation -€14,791
down €14,791 (-53.8%), from €27,518 to €12,727
- Staff costs +€3,756
up €3,756 (+3.9%), from €95,890 to €99,646
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 | €378,907 | €350,690 | -€28,216 | -7.4% |
| Fixed assets | 21/28 | €147,295 | €37,054 | -€110,240 | -74.8% |
| Tangible fixed assets | 22/27 | €147,295 | €37,054 | -€110,240 | -74.8% |
| Furniture and vehicles | 24 | €147,295 | €37,054 | -€110,240 | -74.8% |
| Current assets | 29/58 | €231,612 | €313,636 | +€82,024 | +35.4% |
| Amounts receivable within one year | 40/41 | €6,769 | €19,603 | +€12,834 | +189.6% |
| Trade receivables | 40 | €2,906 | €15,740 | +€12,834 | +441.7% |
| Other amounts receivable | 41 | €3,863 | €3,863 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €203,381 | €294,033 | +€90,652 | +44.6% |
| Deferred charges and accrued income | 490/1 | €21,462 | €0 | -€21,462 | -100.0% |
| Total equity and liabilities | 10/49 | €378,907 | €350,690 | -€28,216 | -7.4% |
| Equity | 10/15 | €173,183 | €254,042 | +€80,858 | +46.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €168,183 | €249,042 | +€80,858 | +48.1% |
| Distributable reserves | 133 | €168,183 | €249,042 | +€80,858 | +48.1% |
| Amounts payable | 17/49 | €205,724 | €96,649 | -€109,075 | -53.0% |
| Amounts payable after more than one year | 17 | €98,435 | €23,449 | -€74,986 | -76.2% |
| Financial debts | 170/4 | €98,435 | €23,449 | -€74,986 | -76.2% |
| Amounts payable within one year | 42/48 | €107,289 | €73,200 | -€34,088 | -31.8% |
| Current portion of amounts payable after more than one year | 42 | €27,740 | €11,195 | -€16,544 | -59.6% |
| Trade debts | 44 | €6,389 | €10,909 | +€4,521 | +70.8% |
| Suppliers | 440/4 | €6,389 | €10,909 | +€4,521 | +70.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €72,773 | €51,096 | -€21,678 | -29.8% |
| Taxes | 450/3 | €60,975 | €35,248 | -€25,726 | -42.2% |
| Remuneration and social security | 454/9 | €11,798 | €15,847 | +€4,049 | +34.3% |
| Other amounts payable | 47/48 | €387 | €0 | -€387 | -100.0% |
| Remuneration, social security and pensions | 62 | €95,890 | €99,646 | +€3,756 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,518 | €12,727 | -€14,791 | -53.8% |
| Other operating charges | 640/8 | €505 | €28,033 | +€27,528 | +5447.4% |
| Gross operating margin | 9900 | €168,303 | €255,560 | +€87,257 | +51.8% |
| Operating profit (loss) | 9901 | €44,390 | €115,154 | +€70,765 | +159.4% |
| Financial income | 75/76B | €250 | €0 | -€250 | -99.9% |
| Recurring financial income | 75 | €250 | €0 | -€250 | -99.9% |
| Financial charges | 65/66B | €4,885 | €5,598 | +€713 | +14.6% |
| Recurring financial charges | 65 | €4,885 | €5,598 | +€713 | +14.6% |
| Profit (loss) for the period before taxes | 9903 | €39,755 | €109,557 | +€69,802 | +175.6% |
| Income taxes | 67/77 | €11,137 | €28,698 | +€17,561 | +157.7% |
| Profit (loss) for the period | 9904 | €28,618 | €80,858 | +€52,240 | +182.5% |
| Profit (loss) for the period to be appropriated | 9905 | €28,618 | €80,858 | +€52,240 | +182.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.