OPUS MANAGEMENT: 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.
OPUS MANAGEMENT
Largest movements
- Stocks and contracts +€4.0m
up €4.0m (+11,334%), from €35,124 to €4.0m
- Receivables within one year -€769,563
down €769,563 (-83.0%), from €927,167 to €157,604
of which Trade receivables: -€576,641
- Tangible fixed assets +€191,679
up €191,679 (+37,506%), from €511 to €192,190
of which Other tangible fixed assets: +€165,385
- Cash +€77,832
up €77,832 (+370%), from €21,064 to €98,896
mainly Debts after one year (+€3.1m) and Receivables within one year (+€769,563)
- Debts after one year +€3.1m
new in 2025: €3.1m
- Trade debts -€474,682
down €474,682 (-95.3%), from €497,944 to €23,262
- Current portion of long-term debt +€379,204
new in 2025: €379,204
- Other debts +€337,102
new in 2025: €337,102
- Reserves +€233,361
up €233,361 (+71.6%), from €326,052 to €559,412
- Gross operating margin -€41,522
down €41,522 (-8.8%), from €469,477 to €427,955
- Taxes -€23,801
down €23,801 (-19.0%), from €125,533 to €101,732
- Financial charges +€8,800
up €8,800 (+29.9%), from €29,452 to €38,252
- Financial income -€6,983
down €6,983 (-61.2%), from €11,409 to €4,425
- Other operating charges +€6,424
up €6,424 (+213%), from €3,015 to €9,439
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 | €985,243 | €4,481,748 | +€3.5m | +355% |
| Fixed assets | 21/28 | €511 | €192,190 | +€191,679 | +37,506% |
| Tangible fixed assets | 22/27 | €511 | €192,190 | +€191,679 | +37,506% |
| Furniture and vehicles | 24 | €511 | €26,805 | +€26,294 | +5,145% |
| Other tangible fixed assets | 26 | - | €165,385 | +€165,385 | |
| Current assets | 29/58 | €984,732 | €4,289,558 | +€3.3m | +336% |
| Stocks and contracts in progress | 3 | €35,124 | €4,016,040 | +€4.0m | +11,334% |
| Stocks | 30/36 | €35,124 | €4,016,040 | +€4.0m | +11,334% |
| Amounts receivable within one year | 40/41 | €927,167 | €157,604 | -€769,563 | -83.0% |
| Trade receivables | 40 | €619,969 | €43,328 | -€576,641 | -93.0% |
| Other amounts receivable | 41 | €307,198 | €114,276 | -€192,922 | -62.8% |
| Cash at bank and in hand | 54/58 | €21,064 | €98,896 | +€77,832 | +370% |
| Deferred charges and accrued income | 490/1 | €1,377 | €17,018 | +€15,641 | +1,136% |
| Total equity and liabilities | 10/49 | €985,243 | €4,481,748 | +€3.5m | +355% |
| Equity | 10/15 | €327,052 | €560,412 | +€233,361 | +71.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €326,052 | €559,412 | +€233,361 | +71.6% |
| Distributable reserves | 133 | €326,052 | €559,412 | +€233,361 | +71.6% |
| Amounts payable | 17/49 | €658,191 | €3,921,335 | +€3.3m | +496% |
| Amounts payable after more than one year | 17 | - | €3,078,093 | +€3.1m | |
| Financial debts | 170/4 | - | €3,078,093 | +€3.1m | |
| Amounts payable within one year | 42/48 | €658,191 | €843,242 | +€185,051 | +28.1% |
| Current portion of amounts payable after more than one year | 42 | - | €379,204 | +€379,204 | |
| Financial debts | 43 | €70,000 | €0 | -€70,000 | -100% |
| Credit institutions | 430/8 | €70,000 | €0 | -€70,000 | -100% |
| Trade debts | 44 | €497,944 | €23,262 | -€474,682 | -95.3% |
| Suppliers | 440/4 | €497,944 | €23,262 | -€474,682 | -95.3% |
| Taxes, remuneration and social security | 45 | €90,248 | €103,675 | +€13,427 | +14.9% |
| Taxes | 450/3 | €82,680 | €94,857 | +€12,176 | +14.7% |
| Remuneration and social security | 454/9 | €7,567 | €8,818 | +€1,251 | +16.5% |
| Other amounts payable | 47/48 | - | €337,102 | +€337,102 | |
| Remuneration, social security and pensions | 62 | €49,407 | €45,538 | -€3,869 | -7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132 | €4,059 | +€3,927 | +2,981% |
| Other operating charges | 640/8 | €3,015 | €9,439 | +€6,424 | +213% |
| Gross operating margin | 9900 | €469,477 | €427,955 | -€41,522 | -8.8% |
| Operating profit (loss) | 9901 | €416,923 | €368,919 | -€48,003 | -11.5% |
| Financial income | 75/76B | €11,409 | €4,425 | -€6,983 | -61.2% |
| Recurring financial income | 75 | €11,409 | €4,425 | -€6,983 | -61.2% |
| Financial charges | 65/66B | €29,452 | €38,252 | +€8,800 | +29.9% |
| Recurring financial charges | 65 | €29,452 | €38,252 | +€8,800 | +29.9% |
| Profit (loss) for the period before taxes | 9903 | €398,880 | €335,092 | -€63,787 | -16.0% |
| Income taxes | 67/77 | €125,533 | €101,732 | -€23,801 | -19.0% |
| Profit (loss) for the period | 9904 | €273,347 | €233,361 | -€39,987 | -14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €273,347 | €233,361 | -€39,987 | -14.6% |
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 31 October 2026 via checked.be.