Opus 88: 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 88
Largest movements
- Current investments -€913,538
down €913,538 (-26.4%), from €3.5m to €2.6m
- Receivables after one year +€836,120
up €836,120 (+2.8%), from €29.5m to €30.4m
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€679,489
down €679,489 (-41.0%), from €1.7m to €978,285
of which Financial income: -€572,204
- Taxes -€272,522
down €272,522 (-67.2%), from €405,301 to €132,779
- Financial charges -€268,491
down €268,491 (-30.7%), from €875,645 to €607,154
of which Financial charges: -€270,941
- Gross operating margin -€51,024
down €51,024 (-27.9%), from -€182,797 to -€233,821
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 | €36,412,397 | €36,455,736 | +€43,339 | +0.1% |
| Fixed assets | 21/28 | €2,558,981 | €2,555,450 | -€3,531 | -0.1% |
| Tangible fixed assets | 22/27 | €1,377,578 | €1,377,247 | -€331 | 0.0% |
| Furniture and vehicles | 24 | €1,543 | €1,212 | -€331 | -21.5% |
| Other tangible fixed assets | 26 | €1,376,035 | €1,376,035 | = | 0.0% |
| Financial fixed assets | 28 | €1,181,402 | €1,178,202 | -€3,200 | -0.3% |
| Current assets | 29/58 | €33,853,416 | €33,900,286 | +€46,870 | +0.1% |
| Amounts receivable after more than one year | 29 | €29,525,515 | €30,361,635 | +€836,120 | +2.8% |
| Other amounts receivable | 291 | €29,525,515 | €30,361,635 | +€836,120 | +2.8% |
| Amounts receivable within one year | 40/41 | €108,502 | €110,129 | +€1,628 | +1.5% |
| Other amounts receivable | 41 | €108,502 | €110,129 | +€1,628 | +1.5% |
| Current investments | 50/53 | €3,465,120 | €2,551,581 | -€913,538 | -26.4% |
| Cash at bank and in hand | 54/58 | €685,590 | €803,437 | +€117,847 | +17.2% |
| Deferred charges and accrued income | 490/1 | €68,690 | €73,503 | +€4,814 | +7.0% |
| Total equity and liabilities | 10/49 | €36,412,397 | €36,455,736 | +€43,339 | +0.1% |
| Equity | 10/15 | €35,683,912 | €35,687,025 | +€3,113 | 0.0% |
| Contributions | 10/11 | €54,195 | €54,195 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,629,717 | €35,632,830 | +€3,113 | 0.0% |
| Amounts payable | 17/49 | €728,485 | €768,711 | +€40,226 | +5.5% |
| Amounts payable within one year | 42/48 | €728,282 | €767,862 | +€39,580 | +5.4% |
| Financial debts | 43 | €197,000 | €197,000 | = | 0.0% |
| Credit institutions | 430/8 | €197,000 | €197,000 | = | 0.0% |
| Trade debts | 44 | €5,300 | €31,339 | +€26,039 | +491.3% |
| Suppliers | 440/4 | €5,300 | €31,339 | +€26,039 | +491.3% |
| Taxes, remuneration and social security | 45 | €525,983 | €526,517 | +€534 | +0.1% |
| Taxes | 450/3 | €525,983 | €526,517 | +€534 | +0.1% |
| Other amounts payable | 47/48 | - | €13,006 | +€13,006 | |
| Accrued charges and deferred income | 492/3 | €203 | €849 | +€647 | +319.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113 | €331 | +€219 | +194.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,307 | €1,086 | -€221 | -16.9% |
| Gross operating margin | 9900 | -€182,797 | -€233,821 | -€51,024 | -27.9% |
| Operating profit (loss) | 9901 | -€184,217 | -€235,239 | -€51,021 | -27.7% |
| Financial income | 75/76B | €1,657,774 | €978,285 | -€679,489 | -41.0% |
| Recurring financial income | 75 | €1,550,489 | €978,285 | -€572,204 | -36.9% |
| Non-recurring financial income | 76B | €107,285 | €0 | -€107,285 | -100.0% |
| Financial charges | 65/66B | €875,645 | €607,154 | -€268,491 | -30.7% |
| Recurring financial charges | 65 | €875,645 | €604,704 | -€270,941 | -30.9% |
| Non-recurring financial charges | 66B | €0 | €2,450 | +€2,450 | |
| Profit (loss) for the period before taxes | 9903 | €597,912 | €135,892 | -€462,020 | -77.3% |
| Income taxes | 67/77 | €405,301 | €132,779 | -€272,522 | -67.2% |
| Profit (loss) for the period | 9904 | €192,611 | €3,113 | -€189,498 | -98.4% |
| Profit (loss) for the period to be appropriated | 9905 | €192,611 | €3,113 | -€189,498 | -98.4% |
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 6 October 2026 via checked.be.