OPUS NEBULA: 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 NEBULA
Largest movements
- Cash +€15,904
up €15,904 (+73.3%), from €21,684 to €37,588
mainly Net result for the year (+€23,148) and Depreciation (+€14,723)
- Tangible fixed assets -€13,328
down €13,328 (-7.8%), from €171,785 to €158,457
of which Other tangible fixed assets: -€12,776
- Reserves +€23,148
up €23,148 (+22.2%), from €104,216 to €127,363
- Debts after one year -€17,691
down €17,691 (-34.9%), from €50,759 to €33,068
- Other debts -€8,137
down €8,137 (-47.7%), from €17,048 to €8,911
- Tax, wage and social debts +€2,369
up €2,369 (+23.7%), from €10,008 to €12,376
- Gross operating margin -€5,921
down €5,921 (-9.2%), from €64,535 to €58,614
- Financial charges -€1,938
down €1,938 (-26.8%), from €7,243 to €5,305
- Taxes -€822
down €822 (-5.8%), from €14,073 to €13,251
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 | €209,907 | €211,821 | +€1,914 | +0.9% |
| Fixed assets | 21/28 | €171,785 | €158,457 | -€13,328 | -7.8% |
| Tangible fixed assets | 22/27 | €171,785 | €158,457 | -€13,328 | -7.8% |
| Furniture and vehicles | 24 | €3,394 | €2,841 | -€552 | -16.3% |
| Other tangible fixed assets | 26 | €168,392 | €155,616 | -€12,776 | -7.6% |
| Current assets | 29/58 | €38,121 | €53,364 | +€15,242 | +40.0% |
| Amounts receivable within one year | 40/41 | €15,352 | €13,714 | -€1,638 | -10.7% |
| Trade receivables | 40 | €15,352 | €11,650 | -€3,702 | -24.1% |
| Other amounts receivable | 41 | - | €2,064 | +€2,064 | |
| Cash at bank and in hand | 54/58 | €21,684 | €37,588 | +€15,904 | +73.3% |
| Deferred charges and accrued income | 490/1 | €1,086 | €2,061 | +€976 | +89.9% |
| Total equity and liabilities | 10/49 | €209,907 | €211,821 | +€1,914 | +0.9% |
| Equity | 10/15 | €110,416 | €133,563 | +€23,148 | +21.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €104,216 | €127,363 | +€23,148 | +22.2% |
| Distributable reserves | 133 | €104,216 | €127,363 | +€23,148 | +22.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €99,491 | €78,257 | -€21,234 | -21.3% |
| Amounts payable after more than one year | 17 | €50,759 | €33,068 | -€17,691 | -34.9% |
| Financial debts | 170/4 | €50,759 | €33,068 | -€17,691 | -34.9% |
| Amounts payable within one year | 42/48 | €48,733 | €45,189 | -€3,544 | -7.3% |
| Current portion of amounts payable after more than one year | 42 | €17,347 | €17,691 | +€343 | +2.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €4,330 | €6,211 | +€1,881 | +43.5% |
| Suppliers | 440/4 | €4,330 | €6,211 | +€1,881 | +43.5% |
| Taxes, remuneration and social security | 45 | €10,008 | €12,376 | +€2,369 | +23.7% |
| Taxes | 450/3 | €10,008 | €12,376 | +€2,369 | +23.7% |
| Other amounts payable | 47/48 | €17,048 | €8,911 | -€8,137 | -47.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,511 | €14,723 | +€211 | +1.5% |
| Other operating charges | 640/8 | €2,179 | €2,190 | +€12 | +0.5% |
| Gross operating margin | 9900 | €64,535 | €58,614 | -€5,921 | -9.2% |
| Operating profit (loss) | 9901 | €47,845 | €41,701 | -€6,144 | -12.8% |
| Financial income | 75/76B | €0 | €2 | +€2 | +4,380% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +4,380% |
| Financial charges | 65/66B | €7,243 | €5,305 | -€1,938 | -26.8% |
| Recurring financial charges | 65 | €7,243 | €5,305 | -€1,938 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | €40,602 | €36,398 | -€4,204 | -10.4% |
| Income taxes | 67/77 | €14,073 | €13,251 | -€822 | -5.8% |
| Profit (loss) for the period | 9904 | €26,529 | €23,148 | -€3,382 | -12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,529 | €23,148 | -€3,382 | -12.7% |
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.