PETER OPSOMER: 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.
PETER OPSOMER
Largest movements
- Current investments -€990,066
down €990,066 (-74.6%), from €1.3m to €336,488
- Tangible fixed assets -€512,344
down €512,344 (-77.2%), from €663,495 to €151,151
of which Land and buildings: -€617,936
- Cash +€266,790
up €266,790 (+107.8%), from €247,442 to €514,232
mainly Current investments (+€990,066) and Other debts (+€826,427)
- Receivables within one year +€157,312
up €157,312 (+121.9%), from €129,093 to €286,405
of which Trade receivables: +€125,423
- Reserves -€1.9m
down €1.9m (-86.5%), from €2.2m to €301,038
- Other debts +€826,427
up €826,427 (+1123.3%), from €73,573 to €900,000
- Gross operating margin +€332,535
up €332,535 (+57.1%), from €582,714 to €915,249
- Taxes +€86,911
up €86,911 (+61.7%), from €140,863 to €227,774
- Financial income +€50,060
up €50,060 (+331.0%), from €15,122 to €65,182
- Financial charges +€20,739
up €20,739 (+709.0%), from €2,925 to €23,664
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 | €2,562,260 | €1,494,804 | -€1.1m | -41.7% |
| Fixed assets | 21/28 | €663,495 | €151,151 | -€512,344 | -77.2% |
| Tangible fixed assets | 22/27 | €663,495 | €151,151 | -€512,344 | -77.2% |
| Land and buildings | 22 | €617,936 | - | -€617,936 | |
| Plant, machinery and equipment | 23 | €4,725 | €1,602 | -€3,123 | -66.1% |
| Furniture and vehicles | 24 | €40,834 | €149,549 | +€108,715 | +266.2% |
| Current assets | 29/58 | €1,898,765 | €1,343,653 | -€555,112 | -29.2% |
| Amounts receivable after more than one year | 29 | €190,000 | €190,000 | = | 0.0% |
| Other amounts receivable | 291 | €190,000 | €190,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €129,093 | €286,405 | +€157,312 | +121.9% |
| Trade receivables | 40 | €121,067 | €246,490 | +€125,423 | +103.6% |
| Other amounts receivable | 41 | €8,026 | €39,915 | +€31,889 | +397.3% |
| Current investments | 50/53 | €1,326,554 | €336,488 | -€990,066 | -74.6% |
| Cash at bank and in hand | 54/58 | €247,442 | €514,232 | +€266,790 | +107.8% |
| Deferred charges and accrued income | 490/1 | €5,676 | €16,528 | +€10,852 | +191.2% |
| Total equity and liabilities | 10/49 | €2,562,260 | €1,494,804 | -€1.1m | -41.7% |
| Equity | 10/15 | €2,425,670 | €501,038 | -€1.9m | -79.3% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €2,225,670 | €301,038 | -€1.9m | -86.5% |
| Distributable reserves | 133 | €2,225,670 | €301,038 | -€1.9m | -86.5% |
| Amounts payable | 17/49 | €136,590 | €993,766 | +€857,176 | +627.6% |
| Amounts payable within one year | 42/48 | €136,415 | €993,766 | +€857,351 | +628.5% |
| Trade debts | 44 | €5,098 | €14,477 | +€9,379 | +184.0% |
| Suppliers | 440/4 | €5,098 | €14,477 | +€9,379 | +184.0% |
| Taxes, remuneration and social security | 45 | €57,744 | €79,289 | +€21,545 | +37.3% |
| Taxes | 450/3 | €50,357 | €71,784 | +€21,427 | +42.6% |
| Remuneration and social security | 454/9 | €7,387 | €7,505 | +€118 | +1.6% |
| Other amounts payable | 47/48 | €73,573 | €900,000 | +€826,427 | +1123.3% |
| Accrued charges and deferred income | 492/3 | €175 | - | -€175 | |
| Non-recurring operating income | 76A | €4,504 | €139,402 | +€134,898 | +2995.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,177 | €13,228 | -€8,949 | -40.4% |
| Other operating charges | 640/8 | €6,801 | €7,197 | +€396 | +5.8% |
| Non-recurring operating charges | 66A | €8,613 | - | -€8,613 | |
| Gross operating margin | 9900 | €582,714 | €915,249 | +€332,535 | +57.1% |
| Operating profit (loss) | 9901 | €545,123 | €894,824 | +€349,701 | +64.2% |
| Financial income | 75/76B | €15,122 | €65,182 | +€50,060 | +331.0% |
| Recurring financial income | 75 | €15,122 | €65,182 | +€50,060 | +331.0% |
| Financial charges | 65/66B | €2,925 | €23,664 | +€20,739 | +709.0% |
| Recurring financial charges | 65 | €2,925 | €23,664 | +€20,739 | +709.0% |
| Profit (loss) for the period before taxes | 9903 | €557,320 | €936,342 | +€379,022 | +68.0% |
| Income taxes | 67/77 | €140,863 | €227,774 | +€86,911 | +61.7% |
| Profit (loss) for the period | 9904 | €416,457 | €708,568 | +€292,111 | +70.1% |
| Profit (loss) for the period to be appropriated | 9905 | €416,457 | €708,568 | +€292,111 | +70.1% |
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 2 October 2026 via checked.be.