W'OPPEM: 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.
W'OPPEM
Largest movements
- Tangible fixed assets +€39,014
up €39,014 (+5.7%), from €686,996 to €726,010
of which Furniture and vehicles: +€71,612
- Cash -€11,900
down €11,900 (-18.2%), from €65,413 to €53,513
mainly Investment in fixed assets (net) (-€117,252) and Contributions, distributions and other (-€97,074)
- Receivables within one year +€10,144
up €10,144 (+27.4%), from €36,995 to €47,139
of which Other amounts receivable: +€6,352
- Stocks and contracts +€10,000
up €10,000 (+32.8%), from €30,481 to €40,481
- Other debts +€26,000
up €26,000 (+108%), from €24,000 to €50,000
- Trade debts +€20,074
up €20,074 (+192%), from €10,446 to €30,521
- Debts after one year +€18,361
up €18,361 (+4.1%), from €447,113 to €465,473
of which Other amounts payable: +€23,191
- Tax, wage and social debts -€17,176
down €17,176 (-26.1%), from €65,897 to €48,722
- Current portion of long-term debt +€16,043
up €16,043 (+45.4%), from €35,315 to €51,359
- Gross operating margin +€23,670
up €23,670 (+13.2%), from €179,689 to €203,359
- Depreciation +€8,108
up €8,108 (+11.6%), from €70,130 to €78,238
- Other operating charges +€2,834
up €2,834 (+128%), from €2,213 to €5,047
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €825,083 | €879,822 | +€54,740 | +6.6% |
| Fixed assets | 21/28 | €686,996 | €726,010 | +€39,014 | +5.7% |
| Tangible fixed assets | 22/27 | €686,996 | €726,010 | +€39,014 | +5.7% |
| Land and buildings | 22 | €635,119 | €574,077 | -€61,043 | -9.6% |
| Plant, machinery and equipment | 23 | €5,577 | €34,021 | +€28,445 | +510% |
| Furniture and vehicles | 24 | €46,300 | €117,912 | +€71,612 | +155% |
| Current assets | 29/58 | €138,087 | €153,812 | +€15,726 | +11.4% |
| Stocks and contracts in progress | 3 | €30,481 | €40,481 | +€10,000 | +32.8% |
| Stocks | 30/36 | €30,481 | €40,481 | +€10,000 | +32.8% |
| Amounts receivable within one year | 40/41 | €36,995 | €47,139 | +€10,144 | +27.4% |
| Trade receivables | 40 | €32,168 | €35,960 | +€3,792 | +11.8% |
| Other amounts receivable | 41 | €4,827 | €11,179 | +€6,352 | +132% |
| Cash at bank and in hand | 54/58 | €65,413 | €53,513 | -€11,900 | -18.2% |
| Deferred charges and accrued income | 490/1 | €5,198 | €12,680 | +€7,482 | +144% |
| Total equity and liabilities | 10/49 | €825,083 | €879,822 | +€54,740 | +6.6% |
| Equity | 10/15 | €242,311 | €233,748 | -€8,563 | -3.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €207,082 | €195,008 | -€12,074 | -5.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €205,222 | €193,148 | -€12,074 | -5.9% |
| Profit (loss) carried forward | 14 | €16,629 | €20,140 | +€3,511 | +21.1% |
| Amounts payable | 17/49 | €582,772 | €646,074 | +€63,303 | +10.9% |
| Amounts payable after more than one year | 17 | €447,113 | €465,473 | +€18,361 | +4.1% |
| Financial debts | 170/4 | €446,303 | €441,473 | -€4,830 | -1.1% |
| Other amounts payable | 178/9 | €809 | €24,000 | +€23,191 | +2,866% |
| Amounts payable within one year | 42/48 | €135,659 | €180,601 | +€44,942 | +33.1% |
| Current portion of amounts payable after more than one year | 42 | €35,315 | €51,359 | +€16,043 | +45.4% |
| Trade debts | 44 | €10,446 | €30,521 | +€20,074 | +192% |
| Suppliers | 440/4 | €10,446 | €30,521 | +€20,074 | +192% |
| Taxes, remuneration and social security | 45 | €65,897 | €48,722 | -€17,176 | -26.1% |
| Taxes | 450/3 | €65,897 | €48,722 | -€17,176 | -26.1% |
| Other amounts payable | 47/48 | €24,000 | €50,000 | +€26,000 | +108% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,130 | €78,238 | +€8,108 | +11.6% |
| Other operating charges | 640/8 | €2,213 | €5,047 | +€2,834 | +128% |
| Non-recurring operating charges | 66A | €62 | - | -€62 | |
| Gross operating margin | 9900 | €179,689 | €203,359 | +€23,670 | +13.2% |
| Operating profit (loss) | 9901 | €107,284 | €120,074 | +€12,790 | +11.9% |
| Financial income | 75/76B | €91 | €204 | +€113 | +125% |
| Recurring financial income | 75 | €91 | €204 | +€113 | +125% |
| Financial charges | 65/66B | €8,744 | €9,268 | +€524 | +6.0% |
| Recurring financial charges | 65 | €8,744 | €9,268 | +€524 | +6.0% |
| Profit (loss) for the period before taxes | 9903 | €98,631 | €111,011 | +€12,380 | +12.6% |
| Income taxes | 67/77 | €23,876 | €22,500 | -€1,376 | -5.8% |
| Profit (loss) for the period | 9904 | €74,755 | €88,511 | +€13,756 | +18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €74,755 | €88,511 | +€13,756 | +18.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.