OPTAKARE: 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.
What changed
OPTAKARE
NACE 73.110, Advertising agencies
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€4.5m
2024 · -€601,427-€3.9m
Equity
-€3.5m
2024 · €973,047-€4.5m
Cash
€53,899
2024 · €11,375+€42,524
Balance sheet total
€2.0m
2024 · €6.4m-€4.4m
Largest movements
Assets
- Receivables after one year -€4.4m
no longer reported in 2025 (was €4.4m)
Equity and liabilities
- Profit (loss) carried forward -€4.5m
down €4.5m, from €780,877 to -€3.7m
Income statement
- Write-downs +€4.4m
new in 2025: €4.4m
- Other operating charges -€326,300
down €326,300 (-97.8%), from €333,716 to €7,416
- Financial charges -€255,939
down €255,939 (-82.7%), from €309,482 to €53,543
of which Financial charges: -€270,939
- Financial income -€171,869
down €171,869 (-100.0%), from €171,878 to €9
- Gross operating margin +€144,287
up €144,287, from -€45,809 to €98,478
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.
Result 2024
-€601,427
Gross operating margin
+€144,287
Staff costs
+€11,600
Depreciation
+€10,078
Write-downs
-€4.4m
Other operating charges
+€326,300
Financial income
-€171,869
Financial charges
+€255,939
Taxes
+€337
Result 2025
-€4.5m
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.
From operations
+€27,495
Investment
+€15,029
Financing
€0
Cash 2024
€11,375
From operations (derived)
+€27,495
Net result for the year
-€4.5m
Depreciation
+€62,117
Receivables after one year
+€4.4m
Receivables within one year
-€58,175
Smaller working-capital items
+€1,389
Other debts
+€46,919
Investment (derived)
+€15,029
Investment in fixed assets (net)
+€15,029
Cash 2025
€53,899
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,430,755 | €2,019,496 | -€4.4m | -68.6% |
| Fixed assets | 21/28 | €1,777,393 | €1,700,247 | -€77,146 | -4.3% |
| Tangible fixed assets | 22/27 | €1,761,958 | €1,699,618 | -€62,340 | -3.5% |
| Land and buildings | 22 | €1,755,245 | €1,699,618 | -€55,627 | -3.2% |
| Furniture and vehicles | 24 | €6,713 | - | -€6,713 | |
| Financial fixed assets | 28 | €15,435 | €629 | -€14,806 | -95.9% |
| Current assets | 29/58 | €4,653,362 | €319,249 | -€4.3m | -93.1% |
| Amounts receivable after more than one year | 29 | €4,434,317 | - | -€4.4m | |
| Other amounts receivable | 291 | €4,434,317 | - | -€4.4m | |
| Amounts receivable within one year | 40/41 | €205,265 | €263,440 | +€58,175 | +28.3% |
| Trade receivables | 40 | €160,533 | €142,620 | -€17,913 | -11.2% |
| Other amounts receivable | 41 | €44,732 | €120,820 | +€76,088 | +170.1% |
| Cash at bank and in hand | 54/58 | €11,375 | €53,899 | +€42,524 | +373.8% |
| Deferred charges and accrued income | 490/1 | €2,405 | €1,910 | -€495 | -20.6% |
| Total equity and liabilities | 10/49 | €6,430,755 | €2,019,496 | -€4.4m | -68.6% |
| Equity | 10/15 | €973,047 | -€3,486,025 | -€4.5m | |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €130,197 | €130,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €124,000 | €124,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €780,877 | -€3,678,195 | -€4.5m | |
| Amounts payable | 17/49 | €5,457,708 | €5,505,521 | +€47,813 | +0.9% |
| Amounts payable after more than one year | 17 | €1,700,186 | €1,700,186 | = | 0.0% |
| Financial debts | 170/4 | €1,700,186 | €1,700,186 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,756,202 | €3,804,015 | +€47,813 | +1.3% |
| Trade debts | 44 | €14,646 | €15,861 | +€1,215 | +8.3% |
| Suppliers | 440/4 | €14,646 | €15,861 | +€1,215 | +8.3% |
| Taxes, remuneration and social security | 45 | €975 | €654 | -€321 | -32.9% |
| Taxes | 450/3 | €975 | €654 | -€321 | -32.9% |
| Other amounts payable | 47/48 | €3,740,581 | €3,787,500 | +€46,919 | +1.3% |
| Accrued charges and deferred income | 492/3 | €1,320 | €1,320 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €11,766 | €166 | -€11,600 | -98.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,195 | €62,117 | -€10,078 | -14.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,434,317 | +€4.4m | |
| Other operating charges | 640/8 | €333,716 | €7,416 | -€326,300 | -97.8% |
| Gross operating margin | 9900 | -€45,809 | €98,478 | +€144,287 | |
| Operating profit (loss) | 9901 | -€463,486 | -€4,405,538 | -€3.9m | -850.5% |
| Financial income | 75/76B | €171,878 | €9 | -€171,869 | -100.0% |
| Recurring financial income | 75 | €171,878 | €9 | -€171,869 | -100.0% |
| Financial charges | 65/66B | €309,482 | €53,543 | -€255,939 | -82.7% |
| Recurring financial charges | 65 | €309,482 | €38,543 | -€270,939 | -87.5% |
| Non-recurring financial charges | 66B | - | €15,000 | +€15,000 | |
| Profit (loss) for the period before taxes | 9903 | -€601,090 | -€4,459,072 | -€3.9m | -641.8% |
| Income taxes | 67/77 | €337 | - | -€337 | |
| Profit (loss) for the period | 9904 | -€601,427 | -€4,459,072 | -€3.9m | -641.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€601,427 | -€4,459,072 | -€3.9m | -641.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.