OPTIMBULLES: 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.
OPTIMBULLES
Largest movements
- Tangible fixed assets -€21,485
down €21,485 (-7.2%), from €300,059 to €278,574
of which Land and buildings: -€10,763
- Receivables within one year -€3,919
down €3,919 (-48.0%), from €8,169 to €4,250
of which Trade receivables: -€3,919
- Debts after one year -€21,179
down €21,179 (-8.1%), from €260,645 to €239,466
- Gross operating margin -€2,946
down €2,946 (-7.8%), from €37,687 to €34,741
- Taxes -€1,841
down €1,841 (-89.2%), from €2,064 to €223
- Financial charges -€866
down €866 (-13.7%), from €6,315 to €5,449
- Other operating charges -€578
down €578 (-7.1%), from €8,172 to €7,594
- Depreciation -€546
down €546 (-2.2%), from €24,781 to €24,235
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €368,813 | €344,503 | -€24,310 | -6.6% |
| Fixed assets | 21/28 | €300,059 | €278,574 | -€21,485 | -7.2% |
| Tangible fixed assets | 22/27 | €300,059 | €278,574 | -€21,485 | -7.2% |
| Land and buildings | 22 | €268,352 | €257,589 | -€10,763 | -4.0% |
| Plant, machinery and equipment | 23 | €12,185 | €7,343 | -€4,842 | -39.7% |
| Furniture and vehicles | 24 | €19,522 | €13,641 | -€5,881 | -30.1% |
| Current assets | 29/58 | €68,755 | €65,930 | -€2,825 | -4.1% |
| Stocks and contracts in progress | 3 | €47,490 | €46,816 | -€675 | -1.4% |
| Stocks | 30/36 | €47,490 | €46,816 | -€675 | -1.4% |
| Amounts receivable within one year | 40/41 | €8,169 | €4,250 | -€3,919 | -48.0% |
| Trade receivables | 40 | €8,124 | €4,205 | -€3,919 | -48.2% |
| Other amounts receivable | 41 | €45 | €45 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €12,212 | €14,864 | +€2,652 | +21.7% |
| Deferred charges and accrued income | 490/1 | €884 | €0 | -€884 | -100.0% |
| Total equity and liabilities | 10/49 | €368,813 | €344,503 | -€24,310 | -6.6% |
| Equity | 10/15 | €54,809 | €52,541 | -€2,269 | -4.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €798 | €798 | = | 0.0% |
| Non-distributable reserves | 130/1 | €798 | €0 | -€798 | -100.0% |
| Reserves not available under the articles | 1311 | €798 | €0 | -€798 | -100.0% |
| Distributable reserves | 133 | - | €798 | +€798 | |
| Profit (loss) carried forward | 14 | €35,411 | €33,143 | -€2,269 | -6.4% |
| Amounts payable | 17/49 | €314,004 | €291,963 | -€22,041 | -7.0% |
| Amounts payable after more than one year | 17 | €260,645 | €239,466 | -€21,179 | -8.1% |
| Financial debts | 170/4 | €260,645 | €239,466 | -€21,179 | -8.1% |
| Amounts payable within one year | 42/48 | €53,359 | €52,132 | -€1,228 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €24,796 | €21,179 | -€3,617 | -14.6% |
| Trade debts | 44 | €3,989 | €5,754 | +€1,764 | +44.2% |
| Suppliers | 440/4 | €3,989 | €5,754 | +€1,764 | +44.2% |
| Taxes, remuneration and social security | 45 | €4,074 | €4,228 | +€154 | +3.8% |
| Taxes | 450/3 | €4,074 | €4,228 | +€154 | +3.8% |
| Other amounts payable | 47/48 | €20,500 | €20,971 | +€471 | +2.3% |
| Accrued charges and deferred income | 492/3 | - | €365 | +€365 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,781 | €24,235 | -€546 | -2.2% |
| Other operating charges | 640/8 | €8,172 | €7,594 | -€578 | -7.1% |
| Gross operating margin | 9900 | €37,687 | €34,741 | -€2,946 | -7.8% |
| Operating profit (loss) | 9901 | €4,734 | €2,911 | -€1,822 | -38.5% |
| Financial income | 75/76B | €28 | €491 | +€463 | +1646.8% |
| Recurring financial income | 75 | €28 | €491 | +€463 | +1646.8% |
| Financial charges | 65/66B | €6,315 | €5,449 | -€866 | -13.7% |
| Recurring financial charges | 65 | €6,315 | €5,449 | -€866 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,553 | -€2,046 | -€493 | -31.7% |
| Income taxes | 67/77 | €2,064 | €223 | -€1,841 | -89.2% |
| Profit (loss) for the period | 9904 | -€3,617 | -€2,269 | +€1,348 | +37.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,617 | -€2,269 | +€1,348 | +37.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.