OPTIMISTIC: 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.
OPTIMISTIC
Largest movements
- Cash +€37,423
up €37,423 (+1677.6%), from €2,231 to €39,654
mainly Receivables within one year (+€32,440) and Depreciation (+€25,835)
- Receivables within one year -€32,440
down €32,440 (-67.1%), from €48,361 to €15,921
of which Other amounts receivable: -€21,598
- Tangible fixed assets -€24,735
down €24,735 (-30.3%), from €81,676 to €56,941
of which Furniture and vehicles: -€14,537
- Other debts -€9,473
down €9,473 (-94.7%), from €10,000 to €527
- Debts after one year -€7,872
down €7,872 (-35.1%), from €22,437 to €14,565
- Tax, wage and social debts -€3,101
down €3,101 (-71.0%), from €4,370 to €1,269
- Reserves +€2,250
up €2,250 (+3.5%), from €64,690 to €66,940
of which Distributable reserves: +€2,250
- Trade debts -€1,988
down €1,988 (-95.7%), from €2,077 to €89
- Gross operating margin -€10,723
down €10,723 (-24.6%), from €43,664 to €32,941
- Depreciation +€9,918
up €9,918 (+62.3%), from €15,917 to €25,835
- Taxes -€4,032
down €4,032 (-56.9%), from €7,084 to €3,052
- Financial income -€747
down €747 (-58.0%), from €1,288 to €542
- Financial charges +€720
up €720 (+88.7%), from €812 to €1,532
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 | €133,555 | €113,058 | -€20,497 | -15.3% |
| Fixed assets | 21/28 | €81,676 | €56,941 | -€24,735 | -30.3% |
| Tangible fixed assets | 22/27 | €81,676 | €56,941 | -€24,735 | -30.3% |
| Plant, machinery and equipment | 23 | €26,416 | €16,219 | -€10,197 | -38.6% |
| Furniture and vehicles | 24 | €55,259 | €40,722 | -€14,537 | -26.3% |
| Current assets | 29/58 | €51,880 | €56,117 | +€4,237 | +8.2% |
| Amounts receivable within one year | 40/41 | €48,361 | €15,921 | -€32,440 | -67.1% |
| Trade receivables | 40 | €14,814 | €3,973 | -€10,841 | -73.2% |
| Other amounts receivable | 41 | €33,546 | €11,948 | -€21,598 | -64.4% |
| Cash at bank and in hand | 54/58 | €2,231 | €39,654 | +€37,423 | +1677.6% |
| Deferred charges and accrued income | 490/1 | €1,288 | €542 | -€747 | -58.0% |
| Total equity and liabilities | 10/49 | €133,555 | €113,058 | -€20,497 | -15.3% |
| Equity | 10/15 | €81,436 | €83,732 | +€2,296 | +2.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €64,690 | €66,940 | +€2,250 | +3.5% |
| Tax-exempt reserves | 132 | €5,800 | €5,800 | = | 0.0% |
| Distributable reserves | 133 | €58,890 | €61,140 | +€2,250 | +3.8% |
| Profit (loss) carried forward | 14 | €4,346 | €4,392 | +€46 | +1.1% |
| Amounts payable | 17/49 | €52,119 | €29,326 | -€22,794 | -43.7% |
| Amounts payable after more than one year | 17 | €22,437 | €14,565 | -€7,872 | -35.1% |
| Financial debts | 170/4 | €22,437 | €14,565 | -€7,872 | -35.1% |
| Amounts payable within one year | 42/48 | €29,683 | €14,761 | -€14,922 | -50.3% |
| Current portion of amounts payable after more than one year | 42 | €7,560 | €7,872 | +€312 | +4.1% |
| Financial debts | 43 | €5,676 | €5,003 | -€672 | -11.8% |
| Credit institutions | 430/8 | €5,676 | €5,003 | -€672 | -11.8% |
| Trade debts | 44 | €2,077 | €89 | -€1,988 | -95.7% |
| Suppliers | 440/4 | €2,077 | €89 | -€1,988 | -95.7% |
| Taxes, remuneration and social security | 45 | €4,370 | €1,269 | -€3,101 | -71.0% |
| Taxes | 450/3 | €4,370 | €1,269 | -€3,101 | -71.0% |
| Other amounts payable | 47/48 | €10,000 | €527 | -€9,473 | -94.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,917 | €25,835 | +€9,918 | +62.3% |
| Other operating charges | 640/8 | €1,404 | €767 | -€637 | -45.3% |
| Gross operating margin | 9900 | €43,664 | €32,941 | -€10,723 | -24.6% |
| Operating profit (loss) | 9901 | €26,343 | €6,339 | -€20,004 | -75.9% |
| Financial income | 75/76B | €1,288 | €542 | -€747 | -58.0% |
| Recurring financial income | 75 | €1,288 | €542 | -€747 | -58.0% |
| Financial charges | 65/66B | €812 | €1,532 | +€720 | +88.7% |
| Recurring financial charges | 65 | €812 | €1,532 | +€720 | +88.7% |
| Profit (loss) for the period before taxes | 9903 | €26,819 | €5,348 | -€21,471 | -80.1% |
| Income taxes | 67/77 | €7,084 | €3,052 | -€4,032 | -56.9% |
| Profit (loss) for the period | 9904 | €19,735 | €2,296 | -€17,439 | -88.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,735 | €2,296 | -€17,439 | -88.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.