OPUS +: 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.
OPUS +
Largest movements
- Tangible fixed assets -€206,471
down €206,471 (-6.1%), from €3.4m to €3.2m
of which Land and buildings: -€190,010
- Receivables within one year +€63,145
up €63,145 (+141.3%), from €44,679 to €107,824
of which Other amounts receivable: +€61,239
- Cash -€35,895
down €35,895 (-52.8%), from €67,975 to €32,080
mainly Other debts (-€212,282) and Debts after one year (-€120,000)
- Other debts -€212,282
down €212,282 (-21.9%), from €970,826 to €758,544
- Reserves +€120,615
up €120,615 (+34.2%), from €352,173 to €472,788
of which Distributable reserves: +€137,237
- Debts after one year -€120,000
down €120,000 (-57.1%), from €210,000 to €90,000
- Financial charges -€36,656
down €36,656 (-38.5%), from €95,114 to €58,458
- Gross operating margin -€24,671
down €24,671 (-4.2%), from €587,949 to €563,278
- Taxes +€19,709
up €19,709 (+31.9%), from €61,802 to €81,511
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 | €3,525,063 | €3,345,872 | -€179,191 | -5.1% |
| Fixed assets | 21/28 | €3,410,138 | €3,203,667 | -€206,471 | -6.1% |
| Tangible fixed assets | 22/27 | €3,408,488 | €3,202,017 | -€206,471 | -6.1% |
| Land and buildings | 22 | €3,351,122 | €3,161,112 | -€190,010 | -5.7% |
| Plant, machinery and equipment | 23 | €46,970 | €35,326 | -€11,644 | -24.8% |
| Furniture and vehicles | 24 | €10,396 | €5,580 | -€4,816 | -46.3% |
| Financial fixed assets | 28 | €1,650 | €1,650 | = | 0.0% |
| Current assets | 29/58 | €114,925 | €142,204 | +€27,280 | +23.7% |
| Amounts receivable within one year | 40/41 | €44,679 | €107,824 | +€63,145 | +141.3% |
| Trade receivables | 40 | €44,679 | €46,585 | +€1,906 | +4.3% |
| Other amounts receivable | 41 | €0 | €61,239 | +€61,239 | |
| Cash at bank and in hand | 54/58 | €67,975 | €32,080 | -€35,895 | -52.8% |
| Deferred charges and accrued income | 490/1 | €2,270 | €2,300 | +€30 | +1.3% |
| Total equity and liabilities | 10/49 | €3,525,063 | €3,345,872 | -€179,191 | -5.1% |
| Equity | 10/15 | €1,112,626 | €1,233,241 | +€120,615 | +10.8% |
| Contributions | 10/11 | €1,250,000 | €1,250,000 | = | 0.0% |
| Capital | 10 | €1,250,000 | €1,250,000 | = | 0.0% |
| Issued capital | 100 | €1,250,000 | €1,250,000 | = | 0.0% |
| Reserves | 13 | €352,173 | €472,788 | +€120,615 | +34.2% |
| Non-distributable reserves | 130/1 | €21,100 | €21,100 | = | 0.0% |
| Legal reserve | 130 | €21,100 | €21,100 | = | 0.0% |
| Tax-exempt reserves | 132 | €118,388 | €101,766 | -€16,622 | -14.0% |
| Distributable reserves | 133 | €212,685 | €349,922 | +€137,237 | +64.5% |
| Profit (loss) carried forward | 14 | -€489,547 | -€489,547 | = | 0.0% |
| Provisions and deferred taxes | 16 | €48,773 | €43,233 | -€5,541 | -11.4% |
| Deferred taxes | 168 | €48,773 | €43,233 | -€5,541 | -11.4% |
| Amounts payable | 17/49 | €2,363,663 | €2,069,398 | -€294,265 | -12.4% |
| Amounts payable after more than one year | 17 | €210,000 | €90,000 | -€120,000 | -57.1% |
| Financial debts | 170/4 | €210,000 | €90,000 | -€120,000 | -57.1% |
| Amounts payable within one year | 42/48 | €2,149,023 | €1,964,190 | -€184,833 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €120,000 | €120,000 | = | 0.0% |
| Financial debts | 43 | €1,000,000 | €1,000,000 | = | 0.0% |
| Credit institutions | 430/8 | €1,000,000 | €1,000,000 | = | 0.0% |
| Trade debts | 44 | €9,117 | €12,905 | +€3,788 | +41.6% |
| Suppliers | 440/4 | €9,117 | €12,905 | +€3,788 | +41.6% |
| Taxes, remuneration and social security | 45 | €49,080 | €72,741 | +€23,661 | +48.2% |
| Taxes | 450/3 | €49,080 | €72,741 | +€23,661 | +48.2% |
| Other amounts payable | 47/48 | €970,826 | €758,544 | -€212,282 | -21.9% |
| Accrued charges and deferred income | 492/3 | €4,641 | €15,208 | +€10,567 | +227.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €293,962 | €298,415 | +€4,453 | +1.5% |
| Other operating charges | 640/8 | €10,137 | €10,269 | +€131 | +1.3% |
| Gross operating margin | 9900 | €587,949 | €563,278 | -€24,671 | -4.2% |
| Operating profit (loss) | 9901 | €283,849 | €254,594 | -€29,255 | -10.3% |
| Financial income | 75/76B | €0 | €449 | +€449 | |
| Recurring financial income | 75 | €0 | €449 | +€449 | |
| Financial charges | 65/66B | €95,114 | €58,458 | -€36,656 | -38.5% |
| Recurring financial charges | 65 | €95,114 | €58,458 | -€36,656 | -38.5% |
| Profit (loss) for the period before taxes | 9903 | €188,735 | €196,585 | +€7,850 | +4.2% |
| Transfer from deferred taxes | 780 | €5,540 | €5,541 | +€1 | 0.0% |
| Income taxes | 67/77 | €61,802 | €81,511 | +€19,709 | +31.9% |
| Profit (loss) for the period | 9904 | €132,474 | €120,615 | -€11,859 | -9.0% |
| Transfer from tax-exempt reserves | 789 | €16,620 | €16,622 | +€2 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €149,094 | €137,237 | -€11,857 | -8.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.