OPAL SOLUTIONS: 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.
OPAL SOLUTIONS
Largest movements
- Intangible fixed assets +€230,250
up €230,250 (+28.2%), from €815,885 to €1.0m
- Receivables within one year +€122,126
up €122,126 (+30.8%), from €396,524 to €518,650
of which Trade receivables: +€101,475
- Cash -€35,059
down €35,059 (-62.4%), from €56,214 to €21,155
mainly Investment in fixed assets (net) (-€532,138) and Receivables within one year (-€122,126)
- Short-term financial debts +€204,871
up €204,871 (+871%), from €23,531 to €228,402
- Trade debts +€95,525
up €95,525 (+101%), from €94,845 to €190,370
- Tax, wage and social debts -€81,258
down €81,258 (-42.3%), from €191,969 to €110,710
of which Taxes: -€76,439
- Other debts +€77,771
up €77,771 (+197%), from €39,517 to €117,288
- Profit (loss) carried forward +€18,726
up €18,726 (+4.0%), from €467,235 to €485,962
- Gross operating margin +€233,208
up €233,208 (+29.3%), from €795,407 to €1.0m
- Staff costs +€144,642
up €144,642 (+27.7%), from €522,602 to €667,244
- Depreciation +€91,183
up €91,183 (+42.0%), from €216,849 to €308,031
- Financial charges +€21,804
up €21,804 (+371%), from €5,878 to €27,682
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 | €1,314,738 | €1,630,372 | +€315,634 | +24.0% |
| Fixed assets | 21/28 | €834,645 | €1,058,752 | +€224,107 | +26.9% |
| Intangible fixed assets | 21 | €815,885 | €1,046,135 | +€230,250 | +28.2% |
| Tangible fixed assets | 22/27 | €16,860 | €10,716 | -€6,143 | -36.4% |
| Furniture and vehicles | 24 | €9,276 | €4,022 | -€5,254 | -56.6% |
| Other tangible fixed assets | 26 | €7,584 | €6,694 | -€889 | -11.7% |
| Financial fixed assets | 28 | €1,900 | €1,900 | = | 0.0% |
| Current assets | 29/58 | €480,093 | €571,621 | +€91,528 | +19.1% |
| Amounts receivable within one year | 40/41 | €396,524 | €518,650 | +€122,126 | +30.8% |
| Trade receivables | 40 | €396,524 | €497,999 | +€101,475 | +25.6% |
| Other amounts receivable | 41 | €0 | €20,651 | +€20,651 | |
| Cash at bank and in hand | 54/58 | €56,214 | €21,155 | -€35,059 | -62.4% |
| Deferred charges and accrued income | 490/1 | €27,355 | €31,816 | +€4,461 | +16.3% |
| Total equity and liabilities | 10/49 | €1,314,738 | €1,630,372 | +€315,634 | +24.0% |
| Equity | 10/15 | €960,835 | €979,562 | +€18,726 | +1.9% |
| Contributions | 10/11 | €433,600 | €433,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €467,235 | €485,962 | +€18,726 | +4.0% |
| Investment grants | 15 | €60,000 | €60,000 | = | 0.0% |
| Amounts payable | 17/49 | €353,903 | €650,811 | +€296,908 | +83.9% |
| Amounts payable within one year | 42/48 | €349,862 | €646,770 | +€296,908 | +84.9% |
| Financial debts | 43 | €23,531 | €228,402 | +€204,871 | +871% |
| Credit institutions | 430/8 | €23,531 | €228,402 | +€204,871 | +871% |
| Trade debts | 44 | €94,845 | €190,370 | +€95,525 | +101% |
| Suppliers | 440/4 | €94,845 | €190,370 | +€95,525 | +101% |
| Taxes, remuneration and social security | 45 | €191,969 | €110,710 | -€81,258 | -42.3% |
| Taxes | 450/3 | €109,380 | €32,941 | -€76,439 | -69.9% |
| Remuneration and social security | 454/9 | €82,589 | €77,770 | -€4,820 | -5.8% |
| Other amounts payable | 47/48 | €39,517 | €117,288 | +€77,771 | +197% |
| Accrued charges and deferred income | 492/3 | €4,041 | €4,041 | = | 0.0% |
| Non-recurring operating income | 76A | - | €109 | +€109 | |
| Remuneration, social security and pensions | 62 | €522,602 | €667,244 | +€144,642 | +27.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €216,849 | €308,031 | +€91,183 | +42.0% |
| Other operating charges | 640/8 | €6,443 | €7,314 | +€871 | +13.5% |
| Gross operating margin | 9900 | €795,407 | €1,028,616 | +€233,208 | +29.3% |
| Operating profit (loss) | 9901 | €49,514 | €46,026 | -€3,487 | -7.0% |
| Financial income | 75/76B | €450 | €381 | -€69 | -15.4% |
| Recurring financial income | 75 | €450 | €381 | -€69 | -15.4% |
| Financial charges | 65/66B | €5,878 | €27,682 | +€21,804 | +371% |
| Recurring financial charges | 65 | €5,878 | €27,682 | +€21,804 | +371% |
| Profit (loss) for the period before taxes | 9903 | €44,086 | €18,726 | -€25,360 | -57.5% |
| Income taxes | 67/77 | €6,199 | €0 | -€6,199 | -100% |
| Profit (loss) for the period | 9904 | €37,887 | €18,726 | -€19,161 | -50.6% |
| Profit (loss) for the period to be appropriated | 9905 | €37,887 | €18,726 | -€19,161 | -50.6% |
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 27 October 2026 via checked.be.