Optibel & Co: 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.
Optibel & Co
Largest movements
- Receivables within one year +€190,560
up €190,560 (+21.2%), from €900,977 to €1.1m
of which Trade receivables: +€173,473
- Tangible fixed assets -€48,606
down €48,606 (-34.7%), from €139,929 to €91,324
of which Furniture and vehicles: -€27,593
- Cash -€42,011
down €42,011 (-23.1%), from €181,926 to €139,916
mainly Receivables within one year (-€190,560) and Debts after one year (-€11,740)
- Trade debts +€43,558
up €43,558 (+23.5%), from €185,085 to €228,643
- Reserves +€43,113
up €43,113 (+6.4%), from €675,903 to €719,015
of which Distributable reserves: +€43,113
- Tax, wage and social debts +€35,834
up €35,834 (+14.1%), from €254,984 to €290,817
of which Remuneration and social security: +€35,834
- Staff costs +€211,963
up €211,963 (+9.4%), from €2.3m to €2.5m
- Gross operating margin +€132,546
up €132,546 (+5.4%), from €2.5m to €2.6m
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 | €1,305,911 | €1,418,055 | +€112,145 | +8.6% |
| Fixed assets | 21/28 | €154,966 | €109,360 | -€45,606 | -29.4% |
| Tangible fixed assets | 22/27 | €139,929 | €91,324 | -€48,606 | -34.7% |
| Plant, machinery and equipment | 23 | €13,019 | €8,078 | -€4,941 | -37.9% |
| Furniture and vehicles | 24 | €56,364 | €28,771 | -€27,593 | -49.0% |
| Other tangible fixed assets | 26 | €70,547 | €54,475 | -€16,072 | -22.8% |
| Financial fixed assets | 28 | €15,037 | €18,037 | +€3,000 | +20.0% |
| Current assets | 29/58 | €1,150,945 | €1,308,695 | +€157,750 | +13.7% |
| Amounts receivable after more than one year | 29 | €62,627 | €62,627 | = | 0.0% |
| Other amounts receivable | 291 | €62,627 | €62,627 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €900,977 | €1,091,537 | +€190,560 | +21.2% |
| Trade receivables | 40 | €502,982 | €676,455 | +€173,473 | +34.5% |
| Other amounts receivable | 41 | €397,995 | €415,082 | +€17,087 | +4.3% |
| Current investments | 50/53 | €1,465 | €1,475 | +€9 | +0.6% |
| Cash at bank and in hand | 54/58 | €181,926 | €139,916 | -€42,011 | -23.1% |
| Deferred charges and accrued income | 490/1 | €3,949 | €13,140 | +€9,191 | +233% |
| Total equity and liabilities | 10/49 | €1,305,911 | €1,418,055 | +€112,145 | +8.6% |
| Equity | 10/15 | €757,903 | €801,015 | +€43,113 | +5.7% |
| Contributions | 10/11 | €82,000 | €82,000 | = | 0.0% |
| Capital | 10 | €82,000 | €82,000 | = | 0.0% |
| Issued capital | 100 | €82,000 | €82,000 | = | 0.0% |
| Reserves | 13 | €675,903 | €719,015 | +€43,113 | +6.4% |
| Non-distributable reserves | 130/1 | €8,200 | €8,200 | = | 0.0% |
| Legal reserve | 130 | €8,200 | €8,200 | = | 0.0% |
| Distributable reserves | 133 | €667,703 | €710,815 | +€43,113 | +6.5% |
| Amounts payable | 17/49 | €548,008 | €617,040 | +€69,032 | +12.6% |
| Amounts payable after more than one year | 17 | €13,085 | €1,345 | -€11,740 | -89.7% |
| Financial debts | 170/4 | €13,085 | €1,345 | -€11,740 | -89.7% |
| Amounts payable within one year | 42/48 | €534,924 | €615,695 | +€80,771 | +15.1% |
| Current portion of amounts payable after more than one year | 42 | €14,108 | €11,740 | -€2,368 | -16.8% |
| Financial debts | 43 | €80,747 | €84,495 | +€3,748 | +4.6% |
| Credit institutions | 430/8 | €80,747 | €84,495 | +€3,748 | +4.6% |
| Trade debts | 44 | €185,085 | €228,643 | +€43,558 | +23.5% |
| Suppliers | 440/4 | €185,085 | €228,643 | +€43,558 | +23.5% |
| Taxes, remuneration and social security | 45 | €254,984 | €290,817 | +€35,834 | +14.1% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €254,984 | €290,817 | +€35,834 | +14.1% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €22,361 | €22,922 | +€561 | +2.5% |
| Remuneration, social security and pensions | 62 | €2,265,857 | €2,477,820 | +€211,963 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,867 | €30,607 | +€1,740 | +6.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €12,800 | €13,582 | +€782 | +6.1% |
| Non-recurring operating charges | 66A | €7,533 | €226 | -€7,307 | -97.0% |
| Gross operating margin | 9900 | €2,456,143 | €2,588,689 | +€132,546 | +5.4% |
| Operating profit (loss) | 9901 | €141,086 | €66,454 | -€74,632 | -52.9% |
| Financial income | 75/76B | €14,210 | €21,540 | +€7,330 | +51.6% |
| Recurring financial income | 75 | €14,210 | €21,540 | +€7,330 | +51.6% |
| Financial charges | 65/66B | €12,678 | €9,674 | -€3,004 | -23.7% |
| Recurring financial charges | 65 | €11,766 | €9,674 | -€2,092 | -17.8% |
| Non-recurring financial charges | 66B | €912 | €0 | -€912 | -100% |
| Profit (loss) for the period before taxes | 9903 | €142,618 | €78,320 | -€64,298 | -45.1% |
| Income taxes | 67/77 | €54,012 | €35,207 | -€18,805 | -34.8% |
| Profit (loss) for the period | 9904 | €88,606 | €43,113 | -€45,493 | -51.3% |
| Profit (loss) for the period to be appropriated | 9905 | €88,606 | €43,113 | -€45,493 | -51.3% |
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 23 October 2026 via checked.be.