Optimazing: 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.
Optimazing
Largest movements
- Receivables after one year -€10,000
down €10,000 (-9.0%), from €110,500 to €100,500
- Receivables within one year +€7,181
up €7,181 (+140%), from €5,140 to €12,321
of which Trade receivables: +€7,451
- Current portion of long-term debt -€9,859
down €9,859 (-59.8%), from €16,475 to €6,616
- Debts after one year -€9,512
down €9,512 (-61.1%), from €15,571 to €6,059
- Reserves +€7,138
up €7,138 (+25.3%), from €28,213 to €35,351
of which Distributable reserves: +€7,138
- Tax, wage and social debts +€4,970
up €4,970 (+52.0%), from €9,565 to €14,536
of which Taxes: +€5,975
- Profit (loss) carried forward +€4,362
up €4,362, from -€4,362 to €0
- Gross operating margin -€9,198
down €9,198 (-36.5%), from €25,224 to €16,026
- Taxes +€5,021
up €5,021 (+1,000%), from €502 to €5,524
- Financial income -€1,297
down €1,297 (-18.8%), from €6,906 to €5,609
- Financial charges -€989
down €989 (-19.6%), from €5,045 to €4,056
- Depreciation -€682
down €682 (-98.4%), from €693 to €11
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 | €121,488 | €120,053 | -€1,435 | -1.2% |
| Fixed assets | 21/28 | €3,946 | €3,935 | -€11 | -0.3% |
| Tangible fixed assets | 22/27 | €11 | €0 | -€11 | -100% |
| Plant, machinery and equipment | 23 | €11 | €0 | -€11 | -100% |
| Financial fixed assets | 28 | €3,935 | €3,935 | = | 0.0% |
| Current assets | 29/58 | €117,542 | €116,118 | -€1,424 | -1.2% |
| Amounts receivable after more than one year | 29 | €110,500 | €100,500 | -€10,000 | -9.0% |
| Other amounts receivable | 291 | €110,500 | €100,500 | -€10,000 | -9.0% |
| Amounts receivable within one year | 40/41 | €5,140 | €12,321 | +€7,181 | +140% |
| Trade receivables | 40 | €4,587 | €12,038 | +€7,451 | +162% |
| Other amounts receivable | 41 | €553 | €283 | -€270 | -48.8% |
| Cash at bank and in hand | 54/58 | €1,902 | €3,095 | +€1,194 | +62.8% |
| Deferred charges and accrued income | 490/1 | €0 | €201 | +€201 | |
| Total equity and liabilities | 10/49 | €121,488 | €120,053 | -€1,435 | -1.2% |
| Equity | 10/15 | €42,698 | €54,198 | +€11,500 | +26.9% |
| Contributions | 10/11 | €18,847 | €18,847 | = | 0.0% |
| Reserves | 13 | €28,213 | €35,351 | +€7,138 | +25.3% |
| Non-distributable reserves | 130/1 | €1,885 | €1,885 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,885 | €1,885 | = | 0.0% |
| Distributable reserves | 133 | €26,328 | €33,466 | +€7,138 | +27.1% |
| Profit (loss) carried forward | 14 | -€4,362 | €0 | +€4,362 | |
| Amounts payable | 17/49 | €78,790 | €65,855 | -€12,935 | -16.4% |
| Amounts payable after more than one year | 17 | €15,571 | €6,059 | -€9,512 | -61.1% |
| Financial debts | 170/4 | €15,571 | €6,059 | -€9,512 | -61.1% |
| Amounts payable within one year | 42/48 | €63,219 | €58,124 | -€5,095 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €16,475 | €6,616 | -€9,859 | -59.8% |
| Financial debts | 43 | €12,237 | €9,885 | -€2,352 | -19.2% |
| Credit institutions | 430/8 | €12,237 | €9,885 | -€2,352 | -19.2% |
| Trade debts | 44 | €23,916 | €26,870 | +€2,954 | +12.4% |
| Suppliers | 440/4 | €23,916 | €26,870 | +€2,954 | +12.4% |
| Taxes, remuneration and social security | 45 | €9,565 | €14,536 | +€4,970 | +52.0% |
| Taxes | 450/3 | €8,560 | €14,536 | +€5,975 | +69.8% |
| Remuneration and social security | 454/9 | €1,005 | €0 | -€1,005 | -100% |
| Other amounts payable | 47/48 | €1,027 | €218 | -€809 | -78.8% |
| Accrued charges and deferred income | 492/3 | - | €1,672 | +€1,672 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €693 | €11 | -€682 | -98.4% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €25,224 | €16,026 | -€9,198 | -36.5% |
| Operating profit (loss) | 9901 | €24,003 | €15,471 | -€8,532 | -35.5% |
| Financial income | 75/76B | €6,906 | €5,609 | -€1,297 | -18.8% |
| Recurring financial income | 75 | €6,906 | €5,609 | -€1,297 | -18.8% |
| Financial charges | 65/66B | €5,045 | €4,056 | -€989 | -19.6% |
| Recurring financial charges | 65 | €5,045 | €4,056 | -€989 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €25,864 | €17,024 | -€8,840 | -34.2% |
| Income taxes | 67/77 | €502 | €5,524 | +€5,021 | +1,000% |
| Profit (loss) for the period | 9904 | €25,362 | €11,500 | -€13,862 | -54.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,362 | €11,500 | -€13,862 | -54.7% |
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 19 October 2026 via checked.be.