Optimistico: 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.
Optimistico
Largest movements
- Tangible fixed assets +€215,705
new in 2025: €215,705
- Cash +€186,828
up €186,828 (+521.5%), from €35,829 to €222,657
mainly Net result for the year (+€287,646) and Depreciation (+€153,853)
- Receivables within one year -€102,072
down €102,072 (-22.8%), from €446,728 to €344,656
of which Other amounts receivable: -€72,670
- Stocks and contracts -€95,044
down €95,044 (-19.6%), from €485,044 to €390,000
- Reserves +€287,646
up €287,646 (+210.6%), from €136,583 to €424,229
- Other debts -€232,957
down €232,957 (-33.8%), from €689,769 to €456,812
- Current portion of long-term debt +€62,635
new in 2025: €62,635
- Debts after one year +€39,632
up €39,632 (+6.6%), from €600,000 to €639,632
of which Financial debts: +€39,632
- Trade debts +€25,660
up €25,660 (+28.5%), from €90,128 to €115,788
- Gross operating margin +€261,379
up €261,379 (+83.9%), from €311,598 to €572,978
- Depreciation +€153,853
new in 2025: €153,853
- Taxes +€87,454
new in 2025: €87,454
- Financial income -€42,429
down €42,429 (-99.8%), from €42,500 to €71
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 | €1,567,601 | €1,774,530 | +€206,930 | +13.2% |
| Fixed assets | 21/28 | - | €215,705 | +€215,705 | |
| Tangible fixed assets | 22/27 | - | €215,705 | +€215,705 | |
| Other tangible fixed assets | 26 | - | €215,705 | +€215,705 | |
| Current assets | 29/58 | €1,567,601 | €1,558,825 | -€8,776 | -0.6% |
| Amounts receivable after more than one year | 29 | €600,000 | €600,000 | = | 0.0% |
| Other amounts receivable | 291 | €600,000 | €600,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €485,044 | €390,000 | -€95,044 | -19.6% |
| Stocks | 30/36 | €485,044 | €390,000 | -€95,044 | -19.6% |
| Amounts receivable within one year | 40/41 | €446,728 | €344,656 | -€102,072 | -22.8% |
| Trade receivables | 40 | €72,804 | €43,401 | -€29,402 | -40.4% |
| Other amounts receivable | 41 | €373,925 | €301,255 | -€72,670 | -19.4% |
| Cash at bank and in hand | 54/58 | €35,829 | €222,657 | +€186,828 | +521.5% |
| Deferred charges and accrued income | 490/1 | €0 | €1,512 | +€1,512 | |
| Total equity and liabilities | 10/49 | €1,567,601 | €1,774,530 | +€206,930 | +13.2% |
| Equity | 10/15 | €161,583 | €449,229 | +€287,646 | +178.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €136,583 | €424,229 | +€287,646 | +210.6% |
| Distributable reserves | 133 | €136,583 | €424,229 | +€287,646 | +210.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,406,017 | €1,325,301 | -€80,716 | -5.7% |
| Amounts payable after more than one year | 17 | €600,000 | €639,632 | +€39,632 | +6.6% |
| Financial debts | 170/4 | - | €39,632 | +€39,632 | |
| Other amounts payable | 178/9 | €600,000 | €600,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €806,017 | €685,669 | -€120,348 | -14.9% |
| Current portion of amounts payable after more than one year | 42 | - | €62,635 | +€62,635 | |
| Trade debts | 44 | €90,128 | €115,788 | +€25,660 | +28.5% |
| Suppliers | 440/4 | €90,128 | €115,788 | +€25,660 | +28.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €26,120 | €50,434 | +€24,314 | +93.1% |
| Taxes | 450/3 | €26,120 | €50,434 | +€24,314 | +93.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €689,769 | €456,812 | -€232,957 | -33.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €153,853 | +€153,853 | |
| Other operating charges | 640/8 | €42,458 | €43,497 | +€1,038 | +2.4% |
| Gross operating margin | 9900 | €311,598 | €572,978 | +€261,379 | +83.9% |
| Operating profit (loss) | 9901 | €269,140 | €375,628 | +€106,488 | +39.6% |
| Financial income | 75/76B | €42,500 | €71 | -€42,429 | -99.8% |
| Recurring financial income | 75 | €42,500 | €71 | -€42,429 | -99.8% |
| Financial charges | 65/66B | €305 | €599 | +€294 | +96.3% |
| Recurring financial charges | 65 | €305 | €599 | +€294 | +96.3% |
| Profit (loss) for the period before taxes | 9903 | €311,335 | €375,100 | +€63,765 | +20.5% |
| Income taxes | 67/77 | - | €87,454 | +€87,454 | |
| Profit (loss) for the period | 9904 | €311,335 | €287,646 | -€23,689 | -7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €311,335 | €287,646 | -€23,689 | -7.6% |
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 9 October 2026 via checked.be.