OPUS OPERANDI: 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 OPERANDI
Largest movements
- Receivables within one year -€16,338
no longer reported in 2025 (was €16,338)
of which Other amounts receivable: -€14,088
- Tangible fixed assets -€9,176
down €9,176 (-4.9%), from €188,877 to €179,701
of which Land and buildings: -€8,044
- Other debts -€29,063
down €29,063 (-49.2%), from €59,063 to €30,000
- Profit (loss) carried forward +€3,723
up €3,723 (+2.7%), from -€139,380 to -€135,657
- Gross operating margin +€2,671
up €2,671 (+18.0%), from €14,848 to €17,519
- Other operating charges +€935
up €935 (+24.4%), from €3,828 to €4,763
- Taxes -€413
no longer reported in 2025 (was €413)
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 | €212,695 | €186,243 | -€26,452 | -12.4% |
| Fixed assets | 21/28 | €188,877 | €179,701 | -€9,176 | -4.9% |
| Tangible fixed assets | 22/27 | €188,877 | €179,701 | -€9,176 | -4.9% |
| Land and buildings | 22 | €182,630 | €174,586 | -€8,044 | -4.4% |
| Plant, machinery and equipment | 23 | €6,247 | €5,115 | -€1,132 | -18.1% |
| Current assets | 29/58 | €23,819 | €6,543 | -€17,276 | -72.5% |
| Amounts receivable within one year | 40/41 | €16,338 | - | -€16,338 | |
| Trade receivables | 40 | €2,250 | - | -€2,250 | |
| Other amounts receivable | 41 | €14,088 | - | -€14,088 | |
| Cash at bank and in hand | 54/58 | €7,481 | €6,543 | -€938 | -12.5% |
| Total equity and liabilities | 10/49 | €212,695 | €186,243 | -€26,452 | -12.4% |
| Equity | 10/15 | €152,520 | €156,243 | +€3,723 | +2.4% |
| Contributions | 10/11 | €291,900 | €291,900 | = | 0.0% |
| Capital | 10 | €291,900 | €291,900 | = | 0.0% |
| Issued capital | 100 | €291,900 | €291,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€139,380 | -€135,657 | +€3,723 | +2.7% |
| Amounts payable | 17/49 | €60,176 | €30,000 | -€30,176 | -50.1% |
| Amounts payable within one year | 42/48 | €60,176 | €30,000 | -€30,176 | -50.1% |
| Trade debts | 44 | €1,113 | - | -€1,113 | |
| Suppliers | 440/4 | €1,113 | - | -€1,113 | |
| Other amounts payable | 47/48 | €59,063 | €30,000 | -€29,063 | -49.2% |
| Non-recurring operating income | 76A | €175 | - | -€175 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,793 | €8,665 | -€128 | -1.5% |
| Other operating charges | 640/8 | €3,828 | €4,763 | +€935 | +24.4% |
| Non-recurring operating charges | 66A | €75 | - | -€75 | |
| Gross operating margin | 9900 | €14,848 | €17,519 | +€2,671 | +18.0% |
| Operating profit (loss) | 9901 | €2,152 | €4,091 | +€1,939 | +90.1% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €266 | €368 | +€102 | +38.3% |
| Recurring financial charges | 65 | €266 | €368 | +€102 | +38.3% |
| Profit (loss) for the period before taxes | 9903 | €1,886 | €3,723 | +€1,838 | +97.5% |
| Income taxes | 67/77 | €413 | - | -€413 | |
| Profit (loss) for the period | 9904 | €1,473 | €3,723 | +€2,251 | +152.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,473 | €3,723 | +€2,251 | +152.8% |
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 3 October 2026 via checked.be.