Optima Project: 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.
Optima Project
Largest movements
- Tangible fixed assets -€38,060
down €38,060 (-9.0%), from €422,739 to €384,679
- Cash +€26,048
up €26,048 (+82.5%), from €31,569 to €57,616
mainly Depreciation (+€43,072) and Net result for the year (+€41,324)
- Receivables within one year +€13,118
up €13,118 (+155.6%), from €8,432 to €21,550
of which Trade receivables: +€15,917
- Reserves +€41,324
up €41,324 (+24.5%), from €168,398 to €209,721
- Debts after one year -€27,937
down €27,937 (-16.7%), from €167,569 to €139,633
- Other debts -€9,624
down €9,624 (-16.2%), from €59,553 to €49,929
- Current portion of long-term debt -€9,450
down €9,450 (-25.3%), from €37,387 to €27,937
- Gross operating margin +€53,181
up €53,181 (+86.7%), from €61,307 to €114,489
- Taxes +€16,512
up €16,512 (+473.9%), from €3,485 to €19,997
- Depreciation +€3,944
up €3,944 (+10.1%), from €39,128 to €43,072
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €466,778 | €463,845 | -€2,933 | -0.6% |
| Fixed assets | 21/28 | €422,739 | €384,679 | -€38,060 | -9.0% |
| Tangible fixed assets | 22/27 | €422,739 | €384,679 | -€38,060 | -9.0% |
| Land and buildings | 22 | €343,412 | €331,562 | -€11,850 | -3.5% |
| Plant, machinery and equipment | 23 | €25,930 | €15,411 | -€10,518 | -40.6% |
| Furniture and vehicles | 24 | €53,397 | €37,706 | -€15,691 | -29.4% |
| Current assets | 29/58 | €44,039 | €79,166 | +€35,127 | +79.8% |
| Amounts receivable within one year | 40/41 | €8,432 | €21,550 | +€13,118 | +155.6% |
| Trade receivables | 40 | €1,568 | €17,485 | +€15,917 | +1015.4% |
| Other amounts receivable | 41 | €6,864 | €4,065 | -€2,799 | -40.8% |
| Cash at bank and in hand | 54/58 | €31,569 | €57,616 | +€26,048 | +82.5% |
| Deferred charges and accrued income | 490/1 | €4,039 | €0 | -€4,039 | -100.0% |
| Total equity and liabilities | 10/49 | €466,778 | €463,845 | -€2,933 | -0.6% |
| Equity | 10/15 | €186,948 | €228,271 | +€41,324 | +22.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €168,398 | €209,721 | +€41,324 | +24.5% |
| Distributable reserves | 133 | €168,398 | €209,721 | +€41,324 | +24.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €279,831 | €235,574 | -€44,257 | -15.8% |
| Amounts payable after more than one year | 17 | €167,569 | €139,633 | -€27,937 | -16.7% |
| Financial debts | 170/4 | €167,569 | €139,633 | -€27,937 | -16.7% |
| Amounts payable within one year | 42/48 | €112,261 | €95,941 | -€16,320 | -14.5% |
| Current portion of amounts payable after more than one year | 42 | €37,387 | €27,937 | -€9,450 | -25.3% |
| Financial debts | 43 | €3,381 | €2,150 | -€1,230 | -36.4% |
| Credit institutions | 430/8 | €3,381 | €2,150 | -€1,230 | -36.4% |
| Trade debts | 44 | €5,779 | €7,674 | +€1,895 | +32.8% |
| Suppliers | 440/4 | €5,779 | €7,674 | +€1,895 | +32.8% |
| Taxes, remuneration and social security | 45 | €6,161 | €8,251 | +€2,090 | +33.9% |
| Taxes | 450/3 | €6,161 | €8,251 | +€2,090 | +33.9% |
| Other amounts payable | 47/48 | €59,553 | €49,929 | -€9,624 | -16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,128 | €43,072 | +€3,944 | +10.1% |
| Other operating charges | 640/8 | €2,586 | €2,854 | +€268 | +10.4% |
| Gross operating margin | 9900 | €61,307 | €114,489 | +€53,181 | +86.7% |
| Operating profit (loss) | 9901 | €19,593 | €68,563 | +€48,970 | +249.9% |
| Financial income | 75/76B | €26 | €854 | +€828 | +3231.8% |
| Recurring financial income | 75 | €26 | €854 | +€828 | +3231.8% |
| Financial charges | 65/66B | €9,153 | €8,097 | -€1,056 | -11.5% |
| Recurring financial charges | 65 | €9,153 | €8,097 | -€1,056 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €10,466 | €61,320 | +€50,854 | +485.9% |
| Income taxes | 67/77 | €3,485 | €19,997 | +€16,512 | +473.9% |
| Profit (loss) for the period | 9904 | €6,981 | €41,324 | +€34,342 | +491.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,981 | €41,324 | +€34,342 | +491.9% |
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 12 October 2026 via checked.be.