Sam Opdebeeck: 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.
Sam Opdebeeck
Largest movements
- Stocks and contracts +€17,579
up €17,579 (+478%), from €3,675 to €21,254
- Receivables within one year -€4,743
down €4,743 (-14.7%), from €32,180 to €27,438
of which Trade receivables: -€3,490
- Deferred charges and accrued income -€4,146
down €4,146 (-100%), from €4,146 to €0
- Cash -€3,488
down €3,488 (-15.9%), from €21,883 to €18,395
mainly Stocks and contracts (-€17,579) and Investment in fixed assets (net) (-€3,142)
- Trade debts +€4,658
up €4,658 (+44.6%), from €10,440 to €15,098
- Reserves +€2,486
up €2,486 (+3.6%), from €69,888 to €72,374
- Tax, wage and social debts -€1,305
down €1,305 (-43.5%), from €2,998 to €1,692
- Gross operating margin +€4,209
up €4,209 (+82.7%), from €5,090 to €9,299
- Other operating charges +€997
up €997 (+110%), from €903 to €1,901
- Taxes +€894
up €894 (+111%), from €806 to €1,700
- Financial charges -€259
down €259 (-25.7%), from €1,008 to €749
- Depreciation +€230
up €230 (+10.1%), from €2,275 to €2,505
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 | €89,525 | €95,364 | +€5,839 | +6.5% |
| Fixed assets | 21/28 | €6,203 | €6,839 | +€636 | +10.3% |
| Tangible fixed assets | 22/27 | €6,203 | €6,839 | +€636 | +10.3% |
| Plant, machinery and equipment | 23 | €408 | €1,913 | +€1,505 | +368% |
| Furniture and vehicles | 24 | €5,794 | €4,926 | -€868 | -15.0% |
| Current assets | 29/58 | €83,322 | €88,525 | +€5,203 | +6.2% |
| Amounts receivable after more than one year | 29 | €21,438 | €21,438 | = | 0.0% |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €21,438 | €21,438 | = | 0.0% |
| Stocks and contracts in progress | 3 | €3,675 | €21,254 | +€17,579 | +478% |
| Stocks | 30/36 | €3,675 | €21,254 | +€17,579 | +478% |
| Amounts receivable within one year | 40/41 | €32,180 | €27,438 | -€4,743 | -14.7% |
| Trade receivables | 40 | €13,736 | €10,247 | -€3,490 | -25.4% |
| Other amounts receivable | 41 | €18,444 | €17,191 | -€1,253 | -6.8% |
| Cash at bank and in hand | 54/58 | €21,883 | €18,395 | -€3,488 | -15.9% |
| Deferred charges and accrued income | 490/1 | €4,146 | €0 | -€4,146 | -100% |
| Total equity and liabilities | 10/49 | €89,525 | €95,364 | +€5,839 | +6.5% |
| Equity | 10/15 | €76,088 | €78,574 | +€2,486 | +3.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €69,888 | €72,374 | +€2,486 | +3.6% |
| Distributable reserves | 133 | €69,888 | €72,374 | +€2,486 | +3.6% |
| Amounts payable | 17/49 | €13,438 | €16,790 | +€3,353 | +25.0% |
| Amounts payable within one year | 42/48 | €13,438 | €16,790 | +€3,353 | +25.0% |
| Trade debts | 44 | €10,440 | €15,098 | +€4,658 | +44.6% |
| Suppliers | 440/4 | €10,440 | €15,098 | +€4,658 | +44.6% |
| Taxes, remuneration and social security | 45 | €2,998 | €1,692 | -€1,305 | -43.5% |
| Taxes | 450/3 | €2,998 | €1,692 | -€1,305 | -43.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,275 | €2,505 | +€230 | +10.1% |
| Other operating charges | 640/8 | €903 | €1,901 | +€997 | +110% |
| Gross operating margin | 9900 | €5,090 | €9,299 | +€4,209 | +82.7% |
| Operating profit (loss) | 9901 | €1,912 | €4,893 | +€2,981 | +156% |
| Financial income | 75/76B | €3 | €42 | +€39 | +1,467% |
| Recurring financial income | 75 | €3 | €42 | +€39 | +1,467% |
| Financial charges | 65/66B | €1,008 | €749 | -€259 | -25.7% |
| Recurring financial charges | 65 | €1,008 | €749 | -€259 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €907 | €4,186 | +€3,279 | +361% |
| Income taxes | 67/77 | €806 | €1,700 | +€894 | +111% |
| Profit (loss) for the period | 9904 | €102 | €2,486 | +€2,385 | +2,347% |
| Profit (loss) for the period to be appropriated | 9905 | €102 | €2,486 | +€2,385 | +2,347% |
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 18 October 2026 via checked.be.