OPTAFIN: 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.
OPTAFIN
Largest movements
- Cash +€219,477
up €219,477 (+225%), from €97,493 to €316,970
mainly Net result for the year (+€122,001) and Receivables within one year (+€105,797)
- Receivables within one year -€105,797
down €105,797 (-71.0%), from €149,077 to €43,279
of which Trade receivables: -€96,411
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Intangible fixed assets -€32,356
down €32,356 (-19.3%), from €168,000 to €135,644
- Tangible fixed assets -€19,665
down €19,665 (-16.5%), from €119,477 to €99,812
of which Other tangible fixed assets: -€16,856
- Debts after one year -€51,867
down €51,867 (-21.7%), from €239,109 to €187,242
- Reserves +€22,001
up €22,001 (+11.7%), from €188,303 to €210,304
- Short-term financial debts -€8,438
no longer reported in 2025 (was €8,438)
- Gross operating margin -€72,925
down €72,925 (-22.3%), from €326,548 to €253,622
- Taxes -€17,700
down €17,700 (-63.1%), from €28,054 to €10,355
- Depreciation -€7,022
down €7,022 (-12.1%), from €58,043 to €51,020
- Staff costs +€5,744
up €5,744 (+9.8%), from €58,656 to €64,400
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 | €637,686 | €599,011 | -€38,674 | -6.1% |
| Fixed assets | 21/28 | €287,477 | €235,457 | -€52,020 | -18.1% |
| Intangible fixed assets | 21 | €168,000 | €135,644 | -€32,356 | -19.3% |
| Tangible fixed assets | 22/27 | €119,477 | €99,812 | -€19,665 | -16.5% |
| Furniture and vehicles | 24 | €16,823 | €14,014 | -€2,809 | -16.7% |
| Other tangible fixed assets | 26 | €102,654 | €85,798 | -€16,856 | -16.4% |
| Current assets | 29/58 | €350,209 | €363,555 | +€13,346 | +3.8% |
| Amounts receivable within one year | 40/41 | €149,077 | €43,279 | -€105,797 | -71.0% |
| Trade receivables | 40 | €122,456 | €26,045 | -€96,411 | -78.7% |
| Other amounts receivable | 41 | €26,621 | €17,235 | -€9,386 | -35.3% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €97,493 | €316,970 | +€219,477 | +225% |
| Deferred charges and accrued income | 490/1 | €3,639 | €3,305 | -€334 | -9.2% |
| Total equity and liabilities | 10/49 | €637,686 | €599,011 | -€38,674 | -6.1% |
| Equity | 10/15 | €215,803 | €237,804 | +€22,001 | +10.2% |
| Contributions | 10/11 | €27,500 | €27,500 | = | 0.0% |
| Reserves | 13 | €188,303 | €210,304 | +€22,001 | +11.7% |
| Distributable reserves | 133 | €188,303 | €210,304 | +€22,001 | +11.7% |
| Amounts payable | 17/49 | €421,883 | €361,207 | -€60,676 | -14.4% |
| Amounts payable after more than one year | 17 | €239,109 | €187,242 | -€51,867 | -21.7% |
| Financial debts | 170/4 | €239,109 | €187,242 | -€51,867 | -21.7% |
| Amounts payable within one year | 42/48 | €182,774 | €173,965 | -€8,809 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €51,054 | €51,867 | +€813 | +1.6% |
| Financial debts | 43 | €8,438 | - | -€8,438 | |
| Credit institutions | 430/8 | €8,438 | - | -€8,438 | |
| Trade debts | 44 | €13,467 | €12,091 | -€1,376 | -10.2% |
| Suppliers | 440/4 | €13,467 | €12,091 | -€1,376 | -10.2% |
| Taxes, remuneration and social security | 45 | €9,309 | €9,501 | +€192 | +2.1% |
| Taxes | 450/3 | €2,501 | €2,501 | = | 0.0% |
| Remuneration and social security | 454/9 | €6,808 | €7,000 | +€192 | +2.8% |
| Other amounts payable | 47/48 | €100,506 | €100,506 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €58,656 | €64,400 | +€5,744 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,043 | €51,020 | -€7,022 | -12.1% |
| Other operating charges | 640/8 | €3,429 | €2,129 | -€1,300 | -37.9% |
| Gross operating margin | 9900 | €326,548 | €253,622 | -€72,925 | -22.3% |
| Operating profit (loss) | 9901 | €206,420 | €136,073 | -€70,347 | -34.1% |
| Financial income | 75/76B | €1,915 | €1,802 | -€112 | -5.9% |
| Recurring financial income | 75 | €1,915 | €1,802 | -€112 | -5.9% |
| Financial charges | 65/66B | €5,611 | €5,519 | -€92 | -1.6% |
| Recurring financial charges | 65 | €5,611 | €5,519 | -€92 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €202,723 | €132,356 | -€70,367 | -34.7% |
| Income taxes | 67/77 | €28,054 | €10,355 | -€17,700 | -63.1% |
| Profit (loss) for the period | 9904 | €174,669 | €122,001 | -€52,668 | -30.2% |
| Profit (loss) for the period to be appropriated | 9905 | €174,669 | €122,001 | -€52,668 | -30.2% |
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 19 October 2026 via checked.be.