OPTIMAL: 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.
OPTIMAL
Largest movements
- Receivables within one year -€9,609
down €9,609 (-43.3%), from €22,167 to €12,558
of which Trade receivables: -€17,894
- Reserves -€25,566
down €25,566 (-15.4%), from €166,280 to €140,714
- Other debts +€17,274
up €17,274 (+112.4%), from €15,362 to €32,635
- Gross operating margin -€69,007
down €69,007 (-88.5%), from €77,951 to €8,943
- Taxes -€19,559
down €19,559 (-94.4%), from €20,727 to €1,168
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 | €284,485 | €274,756 | -€9,729 | -3.4% |
| Fixed assets | 21/28 | €81,560 | €80,972 | -€589 | -0.7% |
| Tangible fixed assets | 22/27 | €81,560 | €80,972 | -€589 | -0.7% |
| Land and buildings | 22 | €30,540 | €30,540 | = | 0.0% |
| Plant, machinery and equipment | 23 | €13,642 | €12,623 | -€1,018 | -7.5% |
| Furniture and vehicles | 24 | €1,465 | €1,895 | +€429 | +29.3% |
| Other tangible fixed assets | 26 | €35,913 | €35,913 | = | 0.0% |
| Current assets | 29/58 | €202,924 | €193,784 | -€9,140 | -4.5% |
| Amounts receivable within one year | 40/41 | €22,167 | €12,558 | -€9,609 | -43.3% |
| Trade receivables | 40 | €17,894 | - | -€17,894 | |
| Other amounts receivable | 41 | €4,273 | €12,558 | +€8,284 | +193.9% |
| Current investments | 50/53 | €100,238 | €100,764 | +€526 | +0.5% |
| Cash at bank and in hand | 54/58 | €78,300 | €77,900 | -€400 | -0.5% |
| Deferred charges and accrued income | 490/1 | €2,219 | €2,562 | +€343 | +15.5% |
| Total equity and liabilities | 10/49 | €284,485 | €274,756 | -€9,729 | -3.4% |
| Equity | 10/15 | €264,164 | €238,599 | -€25,566 | -9.7% |
| Reserves | 13 | €166,280 | €140,714 | -€25,566 | -15.4% |
| Distributable reserves | 133 | €166,280 | €140,714 | -€25,566 | -15.4% |
| Profit (loss) carried forward | 14 | €97,884 | €97,884 | = | 0.0% |
| Amounts payable | 17/49 | €20,320 | €36,157 | +€15,837 | +77.9% |
| Amounts payable within one year | 42/48 | €20,320 | €36,157 | +€15,837 | +77.9% |
| Trade debts | 44 | €688 | €754 | +€66 | +9.6% |
| Suppliers | 440/4 | €688 | €754 | +€66 | +9.6% |
| Taxes, remuneration and social security | 45 | €4,270 | €2,767 | -€1,503 | -35.2% |
| Taxes | 450/3 | €4,270 | €2,767 | -€1,503 | -35.2% |
| Other amounts payable | 47/48 | €15,362 | €32,635 | +€17,274 | +112.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,876 | €4,011 | +€135 | +3.5% |
| Other operating charges | 640/8 | €2,652 | €2,731 | +€79 | +3.0% |
| Gross operating margin | 9900 | €77,951 | €8,943 | -€69,007 | -88.5% |
| Operating profit (loss) | 9901 | €71,423 | €2,202 | -€69,221 | -96.9% |
| Financial income | 75/76B | €166 | €752 | +€586 | +353.9% |
| Recurring financial income | 75 | €166 | €752 | +€586 | +353.9% |
| Financial charges | 65/66B | €280 | €351 | +€71 | +25.2% |
| Recurring financial charges | 65 | €280 | €351 | +€71 | +25.2% |
| Profit (loss) for the period before taxes | 9903 | €71,308 | €2,602 | -€68,706 | -96.4% |
| Income taxes | 67/77 | €20,727 | €1,168 | -€19,559 | -94.4% |
| Profit (loss) for the period | 9904 | €50,581 | €1,434 | -€49,147 | -97.2% |
| Profit (loss) for the period to be appropriated | 9905 | €50,581 | €1,434 | -€49,147 | -97.2% |
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 10 October 2026 via checked.be.