OPUB: 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.
OPUB
Largest movements
- Receivables within one year -€25,687
down €25,687 (-23.2%), from €110,929 to €85,242
of which Other amounts receivable: -€31,350
- Deferred charges and accrued income -€10,217
down €10,217 (-28.5%), from €35,881 to €25,664
- Stocks and contracts -€7,100
down €7,100 (-8.0%), from €88,622 to €81,522
- Profit (loss) carried forward -€27,089
down €27,089 (-16.1%), from €168,208 to €141,119
- Other debts -€7,131
down €7,131 (-39.0%), from €18,290 to €11,159
- Tax, wage and social debts -€5,873
down €5,873 (-18.2%), from €32,303 to €26,430
of which Taxes: -€5,728
- Trade debts -€5,121
down €5,121 (-9.5%), from €54,178 to €49,057
- Gross operating margin +€20,713
up €20,713 (+14.6%), from €142,108 to €162,821
- Staff costs +€5,250
up €5,250 (+3.2%), from €163,128 to €168,378
- Other operating charges +€3,054
up €3,054 (+32.1%), from €9,509 to €12,563
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 | €284,381 | €241,705 | -€42,676 | -15.0% |
| Fixed assets | 21/28 | €19,199 | €16,905 | -€2,294 | -11.9% |
| Tangible fixed assets | 22/27 | €17,365 | €14,870 | -€2,495 | -14.4% |
| Plant, machinery and equipment | 23 | €15,932 | €14,437 | -€1,495 | -9.4% |
| Furniture and vehicles | 24 | €1,433 | €433 | -€1,001 | -69.8% |
| Financial fixed assets | 28 | €1,834 | €2,035 | +€201 | +11.0% |
| Current assets | 29/58 | €265,182 | €224,800 | -€40,382 | -15.2% |
| Stocks and contracts in progress | 3 | €88,622 | €81,522 | -€7,100 | -8.0% |
| Stocks | 30/36 | €88,622 | €81,522 | -€7,100 | -8.0% |
| Amounts receivable within one year | 40/41 | €110,929 | €85,242 | -€25,687 | -23.2% |
| Trade receivables | 40 | €61,487 | €67,150 | +€5,663 | +9.2% |
| Other amounts receivable | 41 | €49,442 | €18,092 | -€31,350 | -63.4% |
| Cash at bank and in hand | 54/58 | €29,751 | €32,372 | +€2,621 | +8.8% |
| Deferred charges and accrued income | 490/1 | €35,881 | €25,664 | -€10,217 | -28.5% |
| Total equity and liabilities | 10/49 | €284,381 | €241,705 | -€42,676 | -15.0% |
| Equity | 10/15 | €176,268 | €149,179 | -€27,089 | -15.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €168,208 | €141,119 | -€27,089 | -16.1% |
| Amounts payable | 17/49 | €108,114 | €92,526 | -€15,588 | -14.4% |
| Amounts payable within one year | 42/48 | €104,771 | €86,646 | -€18,125 | -17.3% |
| Trade debts | 44 | €54,178 | €49,057 | -€5,121 | -9.5% |
| Suppliers | 440/4 | €54,178 | €49,057 | -€5,121 | -9.5% |
| Taxes, remuneration and social security | 45 | €32,303 | €26,430 | -€5,873 | -18.2% |
| Taxes | 450/3 | €15,455 | €9,727 | -€5,728 | -37.1% |
| Remuneration and social security | 454/9 | €16,848 | €16,703 | -€145 | -0.9% |
| Other amounts payable | 47/48 | €18,290 | €11,159 | -€7,131 | -39.0% |
| Accrued charges and deferred income | 492/3 | €3,343 | €5,880 | +€2,537 | +75.9% |
| Non-recurring operating income | 76A | - | €24 | +€24 | |
| Remuneration, social security and pensions | 62 | €163,128 | €168,378 | +€5,250 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,902 | €4,179 | +€277 | +7.1% |
| Other operating charges | 640/8 | €9,509 | €12,563 | +€3,054 | +32.1% |
| Non-recurring operating charges | 66A | - | €117 | +€117 | |
| Gross operating margin | 9900 | €142,108 | €162,821 | +€20,713 | +14.6% |
| Operating profit (loss) | 9901 | -€34,431 | -€22,416 | +€12,015 | +34.9% |
| Financial income | 75/76B | €51 | - | -€51 | |
| Recurring financial income | 75 | €51 | - | -€51 | |
| Financial charges | 65/66B | €6,082 | €4,672 | -€1,410 | -23.2% |
| Recurring financial charges | 65 | €6,082 | €4,672 | -€1,410 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | -€40,462 | -€27,089 | +€13,373 | +33.1% |
| Profit (loss) for the period | 9904 | -€40,462 | -€27,089 | +€13,373 | +33.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,462 | -€27,089 | +€13,373 | +33.1% |
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 24 October 2026 via checked.be.