OPTI'RAF: 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.
OPTI'RAF
Largest movements
- Receivables within one year +€102,843
up €102,843 (+107.8%), from €95,415 to €198,258
of which Trade receivables: +€102,931
- Cash -€62,994
down €62,994 (-31.4%), from €200,747 to €137,754
mainly Trade debts (-€150,239) and Receivables within one year (-€102,843)
- Tangible fixed assets -€34,715
down €34,715 (-4.7%), from €739,226 to €704,511
of which Other tangible fixed assets: -€24,483
- Trade debts -€150,239
down €150,239 (-52.2%), from €287,979 to €137,740
- Advances received +€123,523
new in 2024: €123,523
- Debts after one year -€99,434
down €99,434 (-14.9%), from €669,387 to €569,952
- Reserves +€70,000
up €70,000 (+61.5%), from €113,860 to €183,860
of which Distributable reserves: +€70,000
- Current portion of long-term debt +€37,466
up €37,466 (+125.7%), from €29,811 to €67,276
- Gross operating margin +€217,652
up €217,652 (+264.2%), from €82,381 to €300,033
- Depreciation +€24,790
up €24,790 (+36.3%), from €68,285 to €93,075
- Taxes +€18,500
up €18,500 (+675.7%), from €2,738 to €21,238
- Financial charges +€17,466
up €17,466 (+244.0%), from €7,158 to €24,624
- Staff costs +€16,397
up €16,397 (+31.2%), from €52,510 to €68,907
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,149,733 | €1,162,022 | +€12,289 | +1.1% |
| Fixed assets | 21/28 | €742,417 | €706,274 | -€36,144 | -4.9% |
| Intangible fixed assets | 21 | €1,429 | - | -€1,429 | |
| Tangible fixed assets | 22/27 | €739,226 | €704,511 | -€34,715 | -4.7% |
| Land and buildings | 22 | €395,632 | €394,977 | -€656 | -0.2% |
| Plant, machinery and equipment | 23 | €46,993 | €41,004 | -€5,988 | -12.7% |
| Furniture and vehicles | 24 | €7,556 | €3,968 | -€3,588 | -47.5% |
| Other tangible fixed assets | 26 | €289,044 | €264,561 | -€24,483 | -8.5% |
| Financial fixed assets | 28 | €1,763 | €1,763 | = | 0.0% |
| Current assets | 29/58 | €407,316 | €455,748 | +€48,433 | +11.9% |
| Amounts receivable after more than one year | 29 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 291 | €30,000 | €30,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €80,673 | €88,369 | +€7,696 | +9.5% |
| Stocks | 30/36 | €80,673 | €88,369 | +€7,696 | +9.5% |
| Amounts receivable within one year | 40/41 | €95,415 | €198,258 | +€102,843 | +107.8% |
| Trade receivables | 40 | €94,390 | €197,322 | +€102,931 | +109.0% |
| Other amounts receivable | 41 | €1,025 | €936 | -€89 | -8.7% |
| Cash at bank and in hand | 54/58 | €200,747 | €137,754 | -€62,994 | -31.4% |
| Deferred charges and accrued income | 490/1 | €480 | €1,368 | +€888 | +185.0% |
| Total equity and liabilities | 10/49 | €1,149,733 | €1,162,022 | +€12,289 | +1.1% |
| Equity | 10/15 | €120,738 | €203,602 | +€82,864 | +68.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €113,860 | €183,860 | +€70,000 | +61.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €102,000 | €172,000 | +€70,000 | +68.6% |
| Profit (loss) carried forward | 14 | -€11,722 | €1,142 | +€12,864 | |
| Amounts payable | 17/49 | €1,028,994 | €958,419 | -€70,575 | -6.9% |
| Amounts payable after more than one year | 17 | €669,387 | €569,952 | -€99,434 | -14.9% |
| Financial debts | 170/4 | €669,387 | €569,952 | -€99,434 | -14.9% |
| Amounts payable within one year | 42/48 | €359,608 | €388,467 | +€28,859 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €29,811 | €67,276 | +€37,466 | +125.7% |
| Trade debts | 44 | €287,979 | €137,740 | -€150,239 | -52.2% |
| Suppliers | 440/4 | €287,979 | €137,740 | -€150,239 | -52.2% |
| Advances received on contracts in progress | 46 | - | €123,523 | +€123,523 | |
| Taxes, remuneration and social security | 45 | €40,853 | €58,142 | +€17,289 | +42.3% |
| Taxes | 450/3 | €32,683 | €48,024 | +€15,341 | +46.9% |
| Remuneration and social security | 454/9 | €8,171 | €10,118 | +€1,948 | +23.8% |
| Other amounts payable | 47/48 | €965 | €1,786 | +€821 | +85.1% |
| Non-recurring operating income | 76A | - | €2,910 | +€2,910 | |
| Remuneration, social security and pensions | 62 | €52,510 | €68,907 | +€16,397 | +31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,285 | €93,075 | +€24,790 | +36.3% |
| Other operating charges | 640/8 | €6,194 | €11,079 | +€4,885 | +78.9% |
| Gross operating margin | 9900 | €82,381 | €300,033 | +€217,652 | +264.2% |
| Operating profit (loss) | 9901 | -€44,608 | €126,972 | +€171,580 | |
| Financial income | 75/76B | €799 | €1,754 | +€955 | +119.4% |
| Recurring financial income | 75 | €799 | €1,754 | +€955 | +119.4% |
| Financial charges | 65/66B | €7,158 | €24,624 | +€17,466 | +244.0% |
| Recurring financial charges | 65 | €7,158 | €24,624 | +€17,466 | +244.0% |
| Profit (loss) for the period before taxes | 9903 | -€50,967 | €104,102 | +€155,069 | |
| Income taxes | 67/77 | €2,738 | €21,238 | +€18,500 | +675.7% |
| Profit (loss) for the period | 9904 | -€53,705 | €82,864 | +€136,569 | |
| Profit (loss) for the period to be appropriated | 9905 | -€53,705 | €82,864 | +€136,569 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.