OPUS TERRAE: 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 TERRAE
Largest movements
- Receivables within one year +€140,360
up €140,360 (+50.0%), from €280,720 to €421,080
- Tangible fixed assets -€47,781
down €47,781 (-31.7%), from €150,595 to €102,814
- Financial fixed assets -€25,055
down €25,055 (-11.5%), from €218,769 to €193,714
- Cash +€15,321
up €15,321 (+76.6%), from €20,010 to €35,331
mainly Net result for the year (+€86,956) and Depreciation (+€47,781)
- Profit (loss) carried forward +€86,956
up €86,956 (+17.2%), from €505,578 to €592,535
- Gross operating margin +€4,021
up €4,021 (+2.3%), from €174,417 to €178,437
- Other operating charges -€2,507
down €2,507 (-25.3%), from €9,901 to €7,394
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €671,359 | €754,514 | +€83,155 | +12.4% |
| Fixed assets | 21/28 | €369,364 | €296,528 | -€72,836 | -19.7% |
| Tangible fixed assets | 22/27 | €150,595 | €102,814 | -€47,781 | -31.7% |
| Furniture and vehicles | 24 | €150,595 | €102,814 | -€47,781 | -31.7% |
| Financial fixed assets | 28 | €218,769 | €193,714 | -€25,055 | -11.5% |
| Current assets | 29/58 | €301,995 | €457,986 | +€155,991 | +51.7% |
| Amounts receivable within one year | 40/41 | €280,720 | €421,080 | +€140,360 | +50.0% |
| Trade receivables | 40 | €280,720 | €421,080 | +€140,360 | +50.0% |
| Cash at bank and in hand | 54/58 | €20,010 | €35,331 | +€15,321 | +76.6% |
| Deferred charges and accrued income | 490/1 | €1,266 | €1,575 | +€309 | +24.4% |
| Total equity and liabilities | 10/49 | €671,359 | €754,514 | +€83,155 | +12.4% |
| Equity | 10/15 | €533,078 | €620,035 | +€86,956 | +16.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €505,578 | €592,535 | +€86,956 | +17.2% |
| Amounts payable | 17/49 | €138,281 | €134,479 | -€3,801 | -2.7% |
| Amounts payable within one year | 42/48 | €138,181 | €134,354 | -€3,826 | -2.8% |
| Trade debts | 44 | €16,385 | €12,034 | -€4,351 | -26.6% |
| Suppliers | 440/4 | €16,385 | €12,034 | -€4,351 | -26.6% |
| Taxes, remuneration and social security | 45 | €121,796 | €122,320 | +€524 | +0.4% |
| Taxes | 450/3 | €116,456 | €116,821 | +€365 | +0.3% |
| Remuneration and social security | 454/9 | €5,340 | €5,500 | +€160 | +3.0% |
| Accrued charges and deferred income | 492/3 | €100 | €125 | +€25 | +25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,781 | €47,781 | = | 0.0% |
| Other operating charges | 640/8 | €9,901 | €7,394 | -€2,507 | -25.3% |
| Gross operating margin | 9900 | €174,417 | €178,437 | +€4,021 | +2.3% |
| Operating profit (loss) | 9901 | €116,735 | €123,263 | +€6,528 | +5.6% |
| Financial income | 75/76B | €13,440 | €13,005 | -€435 | -3.2% |
| Recurring financial income | 75 | €13,440 | €13,005 | -€435 | -3.2% |
| Financial charges | 65/66B | €953 | €956 | +€3 | +0.3% |
| Recurring financial charges | 65 | €953 | €956 | +€3 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €129,221 | €135,311 | +€6,090 | +4.7% |
| Income taxes | 67/77 | €47,489 | €48,355 | +€866 | +1.8% |
| Profit (loss) for the period | 9904 | €81,732 | €86,956 | +€5,224 | +6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €81,732 | €86,956 | +€5,224 | +6.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.