DR. OPPERMAN: 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.
DR. OPPERMAN
Largest movements
- Receivables after one year -€23,608
down €23,608 (-53.5%), from €44,109 to €20,501
- Receivables within one year -€14,458
down €14,458 (-9.6%), from €150,529 to €136,071
of which Other amounts receivable: -€24,199
- Tangible fixed assets +€10,129
up €10,129 (+39.4%), from €25,707 to €35,835
of which Furniture and vehicles: +€13,791
- Cash +€3,305
new in 2025: €3,305
mainly Net result for the year (+€45,809) and Receivables after one year (+€23,608)
- Reserves -€26,476
down €26,476 (-24.5%), from €107,850 to €81,375
- Other debts -€13,016
down €13,016 (-15.3%), from €85,301 to €72,284
- Debts after one year +€7,716
new in 2025: €7,716
- Current portion of long-term debt +€5,617
new in 2025: €5,617
- Trade debts +€4,341
up €4,341 (+168%), from €2,584 to €6,924
- Gross operating margin +€22,667
up €22,667 (+26.6%), from €85,262 to €107,929
- Staff costs +€3,917
up €3,917 (+14.8%), from €26,416 to €30,333
- Taxes +€3,001
up €3,001 (+19.1%), from €15,694 to €18,695
- Depreciation +€2,644
up €2,644 (+19.2%), from €13,783 to €16,427
- Financial income -€2,175
down €2,175 (-23.9%), from €9,096 to €6,921
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 | €220,344 | €195,937 | -€24,408 | -11.1% |
| Fixed assets | 21/28 | €25,707 | €36,060 | +€10,354 | +40.3% |
| Tangible fixed assets | 22/27 | €25,707 | €35,835 | +€10,129 | +39.4% |
| Plant, machinery and equipment | 23 | €4,105 | €5,556 | +€1,451 | +35.3% |
| Furniture and vehicles | 24 | €13,416 | €27,207 | +€13,791 | +103% |
| Other tangible fixed assets | 26 | €8,186 | €3,072 | -€5,113 | -62.5% |
| Financial fixed assets | 28 | - | €225 | +€225 | |
| Current assets | 29/58 | €194,638 | €159,877 | -€34,761 | -17.9% |
| Amounts receivable after more than one year | 29 | €44,109 | €20,501 | -€23,608 | -53.5% |
| Other amounts receivable | 291 | €44,109 | €20,501 | -€23,608 | -53.5% |
| Amounts receivable within one year | 40/41 | €150,529 | €136,071 | -€14,458 | -9.6% |
| Trade receivables | 40 | €7,606 | €17,346 | +€9,741 | +128% |
| Other amounts receivable | 41 | €142,923 | €118,724 | -€24,199 | -16.9% |
| Cash at bank and in hand | 54/58 | - | €3,305 | +€3,305 | |
| Total equity and liabilities | 10/49 | €220,344 | €195,937 | -€24,408 | -11.1% |
| Equity | 10/15 | €126,214 | €99,738 | -€26,476 | -21.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €107,850 | €81,375 | -€26,476 | -24.5% |
| Distributable reserves | 133 | €107,850 | €81,375 | -€26,476 | -24.5% |
| Profit (loss) carried forward | 14 | €5,963 | €5,963 | = | 0.0% |
| Amounts payable | 17/49 | €94,131 | €96,199 | +€2,068 | +2.2% |
| Amounts payable after more than one year | 17 | - | €7,716 | +€7,716 | |
| Financial debts | 170/4 | - | €7,716 | +€7,716 | |
| Amounts payable within one year | 42/48 | €94,131 | €88,482 | -€5,648 | -6.0% |
| Current portion of amounts payable after more than one year | 42 | - | €5,617 | +€5,617 | |
| Financial debts | 43 | €4,824 | €2,540 | -€2,284 | -47.4% |
| Credit institutions | 430/8 | €4,824 | €2,540 | -€2,284 | -47.4% |
| Trade debts | 44 | €2,584 | €6,924 | +€4,341 | +168% |
| Suppliers | 440/4 | €2,584 | €6,924 | +€4,341 | +168% |
| Taxes, remuneration and social security | 45 | €1,423 | €1,117 | -€306 | -21.5% |
| Remuneration and social security | 454/9 | €1,423 | €1,117 | -€306 | -21.5% |
| Other amounts payable | 47/48 | €85,301 | €72,284 | -€13,016 | -15.3% |
| Remuneration, social security and pensions | 62 | €26,416 | €30,333 | +€3,917 | +14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,783 | €16,427 | +€2,644 | +19.2% |
| Other operating charges | 640/8 | €893 | €1,126 | +€233 | +26.2% |
| Gross operating margin | 9900 | €85,262 | €107,929 | +€22,667 | +26.6% |
| Operating profit (loss) | 9901 | €44,170 | €60,043 | +€15,872 | +35.9% |
| Financial income | 75/76B | €9,096 | €6,921 | -€2,175 | -23.9% |
| Recurring financial income | 75 | €9,096 | €6,921 | -€2,175 | -23.9% |
| Financial charges | 65/66B | €2,006 | €2,460 | +€454 | +22.6% |
| Recurring financial charges | 65 | €2,006 | €2,460 | +€454 | +22.6% |
| Profit (loss) for the period before taxes | 9903 | €51,260 | €64,504 | +€13,243 | +25.8% |
| Income taxes | 67/77 | €15,694 | €18,695 | +€3,001 | +19.1% |
| Profit (loss) for the period | 9904 | €35,566 | €45,809 | +€10,242 | +28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,566 | €45,809 | +€10,242 | +28.8% |
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.