OpXco: 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.
OpXco
Largest movements
- Current investments -€64,091
down €64,091 (-79.1%), from €81,000 to €16,909
- Cash +€47,516
up €47,516 (+73.3%), from €64,820 to €112,337
mainly Net result for the year (+€105,549) and Current investments (+€64,091)
- Tangible fixed assets -€14,328
down €14,328 (-36.1%), from €39,666 to €25,338
of which Furniture and vehicles: -€13,197
- Receivables within one year +€8,014
up €8,014 (+41.5%), from €19,313 to €27,327
of which Trade receivables: +€6,655
- Reserves -€32,422
down €32,422 (-28.3%), from €114,702 to €82,280
- Other debts +€32,371
up €32,371 (+107.0%), from €30,266 to €62,637
- Tax, wage and social debts -€11,123
down €11,123 (-46.4%), from €23,996 to €12,873
- Debts after one year -€6,526
down €6,526 (-31.1%), from €20,999 to €14,473
- Current portion of long-term debt -€4,815
down €4,815 (-42.5%), from €11,341 to €6,526
- Gross operating margin +€46,907
up €46,907 (+42.6%), from €110,025 to €156,933
- Taxes +€10,392
up €10,392 (+48.9%), from €21,239 to €31,631
- Depreciation -€10,207
down €10,207 (-41.6%), from €24,535 to €14,328
- Financial charges -€3,897
down €3,897 (-76.8%), from €5,077 to €1,180
- Other operating charges +€3,041
up €3,041 (+252.8%), from €1,203 to €4,244
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 | €204,799 | €181,911 | -€22,888 | -11.2% |
| Fixed assets | 21/28 | €39,666 | €25,338 | -€14,328 | -36.1% |
| Tangible fixed assets | 22/27 | €39,666 | €25,338 | -€14,328 | -36.1% |
| Plant, machinery and equipment | 23 | €2,532 | €1,805 | -€727 | -28.7% |
| Furniture and vehicles | 24 | €35,434 | €22,237 | -€13,197 | -37.2% |
| Other tangible fixed assets | 26 | €1,699 | €1,295 | -€403 | -23.7% |
| Current assets | 29/58 | €165,134 | €156,573 | -€8,560 | -5.2% |
| Amounts receivable within one year | 40/41 | €19,313 | €27,327 | +€8,014 | +41.5% |
| Trade receivables | 40 | €17,303 | €23,958 | +€6,655 | +38.5% |
| Other amounts receivable | 41 | €2,010 | €3,369 | +€1,359 | +67.6% |
| Current investments | 50/53 | €81,000 | €16,909 | -€64,091 | -79.1% |
| Cash at bank and in hand | 54/58 | €64,820 | €112,337 | +€47,516 | +73.3% |
| Total equity and liabilities | 10/49 | €204,799 | €181,911 | -€22,888 | -11.2% |
| Equity | 10/15 | €117,202 | €84,780 | -€32,422 | -27.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €114,702 | €82,280 | -€32,422 | -28.3% |
| Distributable reserves | 133 | €114,702 | €82,280 | -€32,422 | -28.3% |
| Amounts payable | 17/49 | €87,597 | €97,131 | +€9,533 | +10.9% |
| Amounts payable after more than one year | 17 | €20,999 | €14,473 | -€6,526 | -31.1% |
| Financial debts | 170/4 | €20,999 | €14,473 | -€6,526 | -31.1% |
| Amounts payable within one year | 42/48 | €66,599 | €82,658 | +€16,059 | +24.1% |
| Current portion of amounts payable after more than one year | 42 | €11,341 | €6,526 | -€4,815 | -42.5% |
| Trade debts | 44 | €995 | €622 | -€373 | -37.5% |
| Suppliers | 440/4 | €995 | €622 | -€373 | -37.5% |
| Taxes, remuneration and social security | 45 | €23,996 | €12,873 | -€11,123 | -46.4% |
| Taxes | 450/3 | €23,996 | €12,873 | -€11,123 | -46.4% |
| Other amounts payable | 47/48 | €30,266 | €62,637 | +€32,371 | +107.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,535 | €14,328 | -€10,207 | -41.6% |
| Other operating charges | 640/8 | €1,203 | €4,244 | +€3,041 | +252.8% |
| Gross operating margin | 9900 | €110,025 | €156,933 | +€46,907 | +42.6% |
| Operating profit (loss) | 9901 | €84,288 | €138,361 | +€54,073 | +64.2% |
| Financial charges | 65/66B | €5,077 | €1,180 | -€3,897 | -76.8% |
| Recurring financial charges | 65 | €5,077 | €1,180 | -€3,897 | -76.8% |
| Profit (loss) for the period before taxes | 9903 | €79,210 | €137,180 | +€57,970 | +73.2% |
| Income taxes | 67/77 | €21,239 | €31,631 | +€10,392 | +48.9% |
| Profit (loss) for the period | 9904 | €57,971 | €105,549 | +€47,578 | +82.1% |
| Profit (loss) for the period to be appropriated | 9905 | €57,971 | €105,549 | +€47,578 | +82.1% |
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 11 October 2026 via checked.be.