CDOPTICAL: 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.
CDOPTICAL
Largest movements
- Cash +€90,461
up €90,461 (+883.7%), from €10,237 to €100,698
mainly Other debts (+€130,870) and Net result for the year (+€5,076)
- Receivables within one year +€43,673
up €43,673 (+43.5%), from €100,502 to €144,175
of which Trade receivables: +€40,134
- Tangible fixed assets +€3,797
up €3,797 (+730.7%), from €520 to €4,317
- Other debts +€130,870
up €130,870 (+414.0%), from €31,608 to €162,478
- Profit (loss) carried forward +€5,076
up €5,076 (+43.9%), from €11,553 to €16,628
- Trade debts +€3,121
up €3,121 (+6.9%), from €45,490 to €48,611
- Gross operating margin +€52,004
up €52,004 (+139.1%), from €37,396 to €89,400
- Staff costs +€48,636
up €48,636 (+163.8%), from €29,697 to €78,333
- Taxes +€1,608
up €1,608 (+77.2%), from €2,083 to €3,691
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 | €111,259 | €249,190 | +€137,932 | +124.0% |
| Fixed assets | 21/28 | €520 | €4,317 | +€3,797 | +730.7% |
| Tangible fixed assets | 22/27 | €520 | €4,317 | +€3,797 | +730.7% |
| Furniture and vehicles | 24 | €520 | €4,317 | +€3,797 | +730.7% |
| Current assets | 29/58 | €110,739 | €244,873 | +€134,134 | +121.1% |
| Amounts receivable within one year | 40/41 | €100,502 | €144,175 | +€43,673 | +43.5% |
| Trade receivables | 40 | €100,502 | €140,636 | +€40,134 | +39.9% |
| Other amounts receivable | 41 | - | €3,539 | +€3,539 | |
| Cash at bank and in hand | 54/58 | €10,237 | €100,698 | +€90,461 | +883.7% |
| Total equity and liabilities | 10/49 | €111,259 | €249,190 | +€137,932 | +124.0% |
| Equity | 10/15 | €17,791 | €22,867 | +€5,076 | +28.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €38 | €38 | = | 0.0% |
| Non-distributable reserves | 130/1 | €38 | €38 | = | 0.0% |
| Reserves not available under the articles | 1311 | €38 | €38 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,553 | €16,628 | +€5,076 | +43.9% |
| Amounts payable | 17/49 | €93,468 | €226,324 | +€132,856 | +142.1% |
| Amounts payable within one year | 42/48 | €93,468 | €226,324 | +€132,856 | +142.1% |
| Trade debts | 44 | €45,490 | €48,611 | +€3,121 | +6.9% |
| Suppliers | 440/4 | €45,490 | €48,611 | +€3,121 | +6.9% |
| Taxes, remuneration and social security | 45 | €16,370 | €15,235 | -€1,135 | -6.9% |
| Taxes | 450/3 | €15,158 | €9,441 | -€5,717 | -37.7% |
| Remuneration and social security | 454/9 | €1,212 | €5,795 | +€4,582 | +377.9% |
| Other amounts payable | 47/48 | €31,608 | €162,478 | +€130,870 | +414.0% |
| Remuneration, social security and pensions | 62 | €29,697 | €78,333 | +€48,636 | +163.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,165 | €1,257 | +€92 | +7.9% |
| Other operating charges | 640/8 | €503 | €495 | -€8 | -1.6% |
| Gross operating margin | 9900 | €37,396 | €89,400 | +€52,004 | +139.1% |
| Operating profit (loss) | 9901 | €6,030 | €9,314 | +€3,284 | +54.5% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €570 | €548 | -€22 | -3.9% |
| Recurring financial charges | 65 | €570 | €548 | -€22 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €5,460 | €8,767 | +€3,307 | +60.6% |
| Income taxes | 67/77 | €2,083 | €3,691 | +€1,608 | +77.2% |
| Profit (loss) for the period | 9904 | €3,377 | €5,076 | +€1,699 | +50.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,377 | €5,076 | +€1,699 | +50.3% |
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 9 October 2026 via checked.be.