Optiled: 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.
Optiled
Largest movements
- Stocks and contracts +€161,622
up €161,622 (+170%), from €95,190 to €256,812
- Receivables within one year -€11,282
down €11,282 (-20.4%), from €55,400 to €44,118
of which Trade receivables: -€12,792
- Reserves +€65,809
up €65,809 (+50.9%), from €129,380 to €195,189
of which Distributable reserves: +€65,809
- Trade debts +€63,175
up €63,175 (+153%), from €41,327 to €104,502
- Current portion of long-term debt +€12,866
up €12,866 (+40.5%), from €31,766 to €44,632
- Accrued charges and deferred income +€11,465
new in 2025: €11,465
- Tax, wage and social debts +€10,482
up €10,482 (+100%), from €10,455 to €20,937
of which Taxes: +€6,643
- Gross operating margin +€72,278
up €72,278 (+91.8%), from €78,741 to €151,019
- Taxes +€15,412
up €15,412 (+257%), from €5,993 to €21,406
- Depreciation +€2,764
up €2,764 (+7.0%), from €39,303 to €42,066
- Other operating charges +€1,886
up €1,886 (+33.2%), from €5,677 to €7,563
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 | €549,531 | €703,538 | +€154,007 | +28.0% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €368,950 | €375,709 | +€6,760 | +1.8% |
| Tangible fixed assets | 22/27 | €363,416 | €370,175 | +€6,760 | +1.9% |
| Land and buildings | 22 | €346,476 | €349,030 | +€2,554 | +0.7% |
| Plant, machinery and equipment | 23 | €3,222 | €5,986 | +€2,764 | +85.8% |
| Furniture and vehicles | 24 | €13,718 | €15,160 | +€1,442 | +10.5% |
| Financial fixed assets | 28 | €5,534 | €5,534 | = | 0.0% |
| Current assets | 29/58 | €180,582 | €327,829 | +€147,248 | +81.5% |
| Stocks and contracts in progress | 3 | €95,190 | €256,812 | +€161,622 | +170% |
| Stocks | 30/36 | €95,190 | €256,812 | +€161,622 | +170% |
| Amounts receivable within one year | 40/41 | €55,400 | €44,118 | -€11,282 | -20.4% |
| Trade receivables | 40 | €48,299 | €35,507 | -€12,792 | -26.5% |
| Other amounts receivable | 41 | €7,100 | €8,611 | +€1,510 | +21.3% |
| Cash at bank and in hand | 54/58 | €25,378 | €19,410 | -€5,968 | -23.5% |
| Deferred charges and accrued income | 490/1 | €4,614 | €7,490 | +€2,875 | +62.3% |
| Total equity and liabilities | 10/49 | €549,531 | €703,538 | +€154,007 | +28.0% |
| Equity | 10/15 | €199,980 | €265,789 | +€65,809 | +32.9% |
| Contributions | 10/11 | €70,600 | €70,600 | = | 0.0% |
| Reserves | 13 | €129,380 | €195,189 | +€65,809 | +50.9% |
| Tax-exempt reserves | 132 | €3,957 | €3,957 | = | 0.0% |
| Distributable reserves | 133 | €125,423 | €191,232 | +€65,809 | +52.5% |
| Amounts payable | 17/49 | €349,552 | €437,749 | +€88,198 | +25.2% |
| Amounts payable after more than one year | 17 | €258,207 | €248,573 | -€9,634 | -3.7% |
| Financial debts | 170/4 | €258,207 | €248,573 | -€9,634 | -3.7% |
| Amounts payable within one year | 42/48 | €91,345 | €177,712 | +€86,367 | +94.6% |
| Current portion of amounts payable after more than one year | 42 | €31,766 | €44,632 | +€12,866 | +40.5% |
| Trade debts | 44 | €41,327 | €104,502 | +€63,175 | +153% |
| Suppliers | 440/4 | €41,327 | €104,502 | +€63,175 | +153% |
| Taxes, remuneration and social security | 45 | €10,455 | €20,937 | +€10,482 | +100% |
| Taxes | 450/3 | €5,763 | €12,406 | +€6,643 | +115% |
| Remuneration and social security | 454/9 | €4,692 | €8,532 | +€3,839 | +81.8% |
| Other amounts payable | 47/48 | €7,797 | €7,640 | -€156 | -2.0% |
| Accrued charges and deferred income | 492/3 | - | €11,465 | +€11,465 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,303 | €42,066 | +€2,764 | +7.0% |
| Other operating charges | 640/8 | €5,677 | €7,563 | +€1,886 | +33.2% |
| Gross operating margin | 9900 | €78,741 | €151,019 | +€72,278 | +91.8% |
| Operating profit (loss) | 9901 | €33,762 | €101,390 | +€67,628 | +200% |
| Financial income | 75/76B | €1,233 | €52 | -€1,180 | -95.8% |
| Recurring financial income | 75 | €1,233 | €52 | -€1,180 | -95.8% |
| Financial charges | 65/66B | €13,949 | €14,227 | +€277 | +2.0% |
| Recurring financial charges | 65 | €13,949 | €14,227 | +€277 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €21,045 | €87,215 | +€66,170 | +314% |
| Income taxes | 67/77 | €5,993 | €21,406 | +€15,412 | +257% |
| Profit (loss) for the period | 9904 | €15,052 | €65,809 | +€50,758 | +337% |
| Profit (loss) for the period to be appropriated | 9905 | €15,052 | €65,809 | +€50,758 | +337% |
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 15 October 2026 via checked.be.