Optimal Control: what changed
Two fiscal 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 Control
Largest movements
- Tangible fixed assets +€895,425
up €895,425 (+158.6%), from €564,682 to €1.5m
of which Land and buildings: +€872,862
- Financial fixed assets -€504,500
down €504,500 (-99.0%), from €509,450 to €4,950
- Cash +€241,822
up €241,822 (+150.6%), from €160,599 to €402,420
mainly Net result for the year (+€518,528) and Debts after one year (+€377,369)
- Intangible fixed assets +€175,748
up €175,748 (+25.6%), from €686,371 to €862,119
- Stocks and contracts +€61,644
up €61,644 (+46.7%), from €132,070 to €193,714
- Reserves +€518,528
up €518,528 (+38.4%), from €1.3m to €1.9m
of which Distributable reserves: +€274,348
- Debts after one year +€377,369
up €377,369 (+80.3%), from €469,776 to €847,145
- Trade debts -€56,262
down €56,262 (-60.8%), from €92,586 to €36,324
- Current portion of long-term debt +€52,085
up €52,085 (+22.5%), from €231,179 to €283,265
- Gross operating margin +€495,951
up €495,951 (+46.9%), from €1.1m to €1.6m
- Staff costs +€132,506
up €132,506 (+35.8%), from €370,062 to €502,568
- Depreciation +€92,962
up €92,962 (+42.6%), from €218,165 to €311,127
- Taxes +€49,606
up €49,606 (+40.8%), from €121,473 to €171,078
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 | €2,281,366 | €3,167,123 | +€885,757 | +38.8% |
| Fixed assets | 21/28 | €1,760,503 | €2,327,176 | +€566,673 | +32.2% |
| Intangible fixed assets | 21 | €686,371 | €862,119 | +€175,748 | +25.6% |
| Tangible fixed assets | 22/27 | €564,682 | €1,460,107 | +€895,425 | +158.6% |
| Land and buildings | 22 | €422,394 | €1,295,256 | +€872,862 | +206.6% |
| Plant, machinery and equipment | 23 | €37,239 | €62,056 | +€24,816 | +66.6% |
| Furniture and vehicles | 24 | €98,198 | €97,038 | -€1,159 | -1.2% |
| Other tangible fixed assets | 26 | €6,851 | €5,756 | -€1,095 | -16.0% |
| Financial fixed assets | 28 | €509,450 | €4,950 | -€504,500 | -99.0% |
| Current assets | 29/58 | €520,863 | €839,947 | +€319,084 | +61.3% |
| Stocks and contracts in progress | 3 | €132,070 | €193,714 | +€61,644 | +46.7% |
| Stocks | 30/36 | €132,070 | €193,714 | +€61,644 | +46.7% |
| Amounts receivable within one year | 40/41 | €213,418 | €235,718 | +€22,299 | +10.4% |
| Trade receivables | 40 | €127,321 | €87,830 | -€39,491 | -31.0% |
| Other amounts receivable | 41 | €86,098 | €147,888 | +€61,790 | +71.8% |
| Cash at bank and in hand | 54/58 | €160,599 | €402,420 | +€241,822 | +150.6% |
| Deferred charges and accrued income | 490/1 | €14,776 | €8,095 | -€6,681 | -45.2% |
| Total equity and liabilities | 10/49 | €2,281,366 | €3,167,123 | +€885,757 | +38.8% |
| Equity | 10/15 | €1,353,652 | €1,872,180 | +€518,528 | +38.3% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Reserves | 13 | €1,349,152 | €1,867,680 | +€518,528 | +38.4% |
| Tax-exempt reserves | 132 | - | €244,180 | +€244,180 | |
| Distributable reserves | 133 | €1,349,152 | €1,623,500 | +€274,348 | +20.3% |
| Amounts payable | 17/49 | €927,714 | €1,294,943 | +€367,229 | +39.6% |
| Amounts payable after more than one year | 17 | €469,776 | €847,145 | +€377,369 | +80.3% |
| Financial debts | 170/4 | €469,776 | €847,145 | +€377,369 | +80.3% |
| Amounts payable within one year | 42/48 | €447,589 | €438,852 | -€8,737 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | €231,179 | €283,265 | +€52,085 | +22.5% |
| Financial debts | 43 | €33,662 | €30,573 | -€3,090 | -9.2% |
| Credit institutions | 430/8 | €33,662 | €30,573 | -€3,090 | -9.2% |
| Trade debts | 44 | €92,586 | €36,324 | -€56,262 | -60.8% |
| Suppliers | 440/4 | €92,586 | €36,324 | -€56,262 | -60.8% |
| Taxes, remuneration and social security | 45 | €90,162 | €88,690 | -€1,471 | -1.6% |
| Taxes | 450/3 | €48,644 | €48,970 | +€325 | +0.7% |
| Remuneration and social security | 454/9 | €41,517 | €39,721 | -€1,796 | -4.3% |
| Accrued charges and deferred income | 492/3 | €10,349 | €8,946 | -€1,403 | -13.6% |
| Remuneration, social security and pensions | 62 | €370,062 | €502,568 | +€132,506 | +35.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €218,165 | €311,127 | +€92,962 | +42.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,733 | €5,197 | +€7,930 | |
| Other operating charges | 640/8 | €7,954 | €13,351 | +€5,397 | +67.9% |
| Gross operating margin | 9900 | €1,056,790 | €1,552,741 | +€495,951 | +46.9% |
| Operating profit (loss) | 9901 | €463,342 | €720,498 | +€257,156 | +55.5% |
| Financial income | 75/76B | €4,121 | €6,508 | +€2,387 | +57.9% |
| Recurring financial income | 75 | €4,121 | €6,508 | +€2,387 | +57.9% |
| Financial charges | 65/66B | €34,852 | €37,400 | +€2,548 | +7.3% |
| Recurring financial charges | 65 | €34,852 | €37,400 | +€2,548 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €432,611 | €689,606 | +€256,995 | +59.4% |
| Income taxes | 67/77 | €121,473 | €171,078 | +€49,606 | +40.8% |
| Profit (loss) for the period | 9904 | €311,139 | €518,528 | +€207,390 | +66.7% |
| Transfer to tax-exempt reserves | 689 | - | €244,180 | +€244,180 | |
| Profit (loss) for the period to be appropriated | 9905 | €311,139 | €274,348 | -€36,790 | -11.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.