Optie M: 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.
Optie M
Largest movements
- Receivables within one year -€49,403
down €49,403 (-40.4%), from €122,171 to €72,768
of which Trade receivables: -€54,364
- Tangible fixed assets -€17,189
down €17,189 (-28.6%), from €60,175 to €42,986
of which Furniture and vehicles: -€13,317
- Deferred charges and accrued income +€15,650
up €15,650 (+968%), from €1,618 to €17,268
- Cash +€8,610
up €8,610 (+103%), from €8,377 to €16,987
mainly Receivables within one year (+€49,403) and Net result for the year (+€17,624)
- Debts after one year -€39,303
down €39,303 (-77.5%), from €50,721 to €11,418
- Reserves +€17,624
up €17,624 (+125%), from €14,131 to €31,755
- Tax, wage and social debts -€12,472
down €12,472 (-60.5%), from €20,632 to €8,160
of which Taxes: -€6,597
- Current portion of long-term debt -€12,073
down €12,073 (-37.3%), from €32,407 to €20,334
- Other debts -€10,571
down €10,571 (-77.6%), from €13,623 to €3,052
- Staff costs -€30,016
down €30,016 (-77.0%), from €38,992 to €8,976
- Depreciation -€8,956
down €8,956 (-43.1%), from €20,771 to €11,815
- Gross operating margin -€7,503
down €7,503 (-13.6%), from €55,070 to €47,567
- Financial charges -€3,801
down €3,801 (-57.8%), from €6,573 to €2,772
of which Financial charges: -€3,501
- Taxes +€1,791
up €1,791 (+560%), from €320 to €2,111
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 | €192,340 | €150,009 | -€42,332 | -22.0% |
| Fixed assets | 21/28 | €60,175 | €42,986 | -€17,189 | -28.6% |
| Tangible fixed assets | 22/27 | €60,175 | €42,986 | -€17,189 | -28.6% |
| Plant, machinery and equipment | 23 | €7,820 | €5,074 | -€2,746 | -35.1% |
| Furniture and vehicles | 24 | €46,597 | €33,280 | -€13,317 | -28.6% |
| Other tangible fixed assets | 26 | €5,758 | €4,632 | -€1,126 | -19.6% |
| Current assets | 29/58 | €132,165 | €107,022 | -€25,143 | -19.0% |
| Amounts receivable within one year | 40/41 | €122,171 | €72,768 | -€49,403 | -40.4% |
| Trade receivables | 40 | €113,922 | €59,558 | -€54,364 | -47.7% |
| Other amounts receivable | 41 | €8,249 | €13,210 | +€4,961 | +60.1% |
| Cash at bank and in hand | 54/58 | €8,377 | €16,987 | +€8,610 | +103% |
| Deferred charges and accrued income | 490/1 | €1,618 | €17,268 | +€15,650 | +968% |
| Total equity and liabilities | 10/49 | €192,340 | €150,009 | -€42,332 | -22.0% |
| Equity | 10/15 | €19,131 | €36,755 | +€17,624 | +92.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €14,131 | €31,755 | +€17,624 | +125% |
| Distributable reserves | 133 | €14,131 | €31,755 | +€17,624 | +125% |
| Amounts payable | 17/49 | €173,209 | €113,253 | -€59,956 | -34.6% |
| Amounts payable after more than one year | 17 | €50,721 | €11,418 | -€39,303 | -77.5% |
| Financial debts | 170/4 | €50,721 | €11,418 | -€39,303 | -77.5% |
| Amounts payable within one year | 42/48 | €122,488 | €101,835 | -€20,653 | -16.9% |
| Current portion of amounts payable after more than one year | 42 | €32,407 | €20,334 | -€12,073 | -37.3% |
| Financial debts | 43 | - | €4,354 | +€4,354 | |
| Credit institutions | 430/8 | - | €4,354 | +€4,354 | |
| Trade debts | 44 | €55,827 | €65,936 | +€10,109 | +18.1% |
| Suppliers | 440/4 | €55,827 | €65,936 | +€10,109 | +18.1% |
| Taxes, remuneration and social security | 45 | €20,632 | €8,160 | -€12,472 | -60.5% |
| Taxes | 450/3 | €12,482 | €5,886 | -€6,597 | -52.8% |
| Remuneration and social security | 454/9 | €8,150 | €2,274 | -€5,876 | -72.1% |
| Other amounts payable | 47/48 | €13,623 | €3,052 | -€10,571 | -77.6% |
| Non-recurring operating income | 76A | €2,610 | €190 | -€2,421 | -92.7% |
| Remuneration, social security and pensions | 62 | €38,992 | €8,976 | -€30,016 | -77.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,771 | €11,815 | -€8,956 | -43.1% |
| Other operating charges | 640/8 | €909 | €881 | -€28 | -3.0% |
| Non-recurring operating charges | 66A | €14,300 | €3,420 | -€10,880 | -76.1% |
| Gross operating margin | 9900 | €55,070 | €47,567 | -€7,503 | -13.6% |
| Operating profit (loss) | 9901 | -€19,901 | €22,475 | +€42,376 | |
| Financial income | 75/76B | €4 | €32 | +€28 | +681% |
| Recurring financial income | 75 | €4 | €32 | +€28 | +681% |
| Financial charges | 65/66B | €6,573 | €2,772 | -€3,801 | -57.8% |
| Recurring financial charges | 65 | €6,273 | €2,772 | -€3,501 | -55.8% |
| Non-recurring financial charges | 66B | €300 | - | -€300 | |
| Profit (loss) for the period before taxes | 9903 | -€26,470 | €19,735 | +€46,205 | |
| Income taxes | 67/77 | €320 | €2,111 | +€1,791 | +560% |
| Profit (loss) for the period | 9904 | -€26,791 | €17,624 | +€44,415 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,791 | €17,624 | +€44,415 |
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 17 October 2026 via checked.be.