OPTIMIZE: 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.
OPTIMIZE
Largest movements
- Receivables within one year -€5,725
down €5,725 (-3.1%), from €181,810 to €176,084
of which Other amounts receivable: -€7,031
- Cash +€4,848
up €4,848 (+15.9%), from €30,412 to €35,260
mainly Net result for the year (+€12,765) and Trade debts (+€11,953)
- Tangible fixed assets -€2,990
down €2,990 (-8.2%), from €36,262 to €33,272
- Other debts -€18,182
down €18,182 (-87.7%), from €20,729 to €2,547
- Reserves +€12,765
up €12,765 (+8.4%), from €152,775 to €165,540
of which Distributable reserves: +€12,765
- Trade debts +€11,953
up €11,953 (+233.3%), from €5,124 to €17,077
- Debts after one year -€5,196
down €5,196 (-53.1%), from €9,784 to €4,588
- Depreciation -€4,779
down €4,779 (-49.6%), from €9,627 to €4,847
- Financial income +€4,436
up €4,436 (+50.4%), from €8,803 to €13,239
of which Non-recurring financial income: +€4,550
- Gross operating margin -€2,170
down €2,170 (-13.2%), from €16,440 to €14,270
- Taxes +€1,584
up €1,584 (+30.0%), from €5,282 to €6,866
- Staff costs +€636
new in 2025: €636
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 | €248,773 | €246,524 | -€2,248 | -0.9% |
| Fixed assets | 21/28 | €36,262 | €33,272 | -€2,990 | -8.2% |
| Tangible fixed assets | 22/27 | €36,262 | €33,272 | -€2,990 | -8.2% |
| Land and buildings | 22 | €32,635 | €31,154 | -€1,481 | -4.5% |
| Plant, machinery and equipment | 23 | €1,289 | €731 | -€558 | -43.3% |
| Furniture and vehicles | 24 | €2,338 | €1,387 | -€951 | -40.7% |
| Current assets | 29/58 | €212,511 | €213,252 | +€742 | +0.3% |
| Amounts receivable within one year | 40/41 | €181,810 | €176,084 | -€5,725 | -3.1% |
| Trade receivables | 40 | €18,453 | €19,758 | +€1,306 | +7.1% |
| Other amounts receivable | 41 | €163,357 | €156,326 | -€7,031 | -4.3% |
| Cash at bank and in hand | 54/58 | €30,412 | €35,260 | +€4,848 | +15.9% |
| Deferred charges and accrued income | 490/1 | €289 | €1,909 | +€1,619 | +559.9% |
| Total equity and liabilities | 10/49 | €248,773 | €246,524 | -€2,248 | -0.9% |
| Equity | 10/15 | €189,969 | €202,734 | +€12,765 | +6.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €152,775 | €165,540 | +€12,765 | +8.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,652 | €11,652 | = | 0.0% |
| Distributable reserves | 133 | €139,263 | €152,028 | +€12,765 | +9.2% |
| Profit (loss) carried forward | 14 | €30,994 | €30,994 | = | 0.0% |
| Amounts payable | 17/49 | €58,803 | €43,790 | -€15,013 | -25.5% |
| Amounts payable after more than one year | 17 | €9,784 | €4,588 | -€5,196 | -53.1% |
| Financial debts | 170/4 | €9,784 | €4,588 | -€5,196 | -53.1% |
| Amounts payable within one year | 42/48 | €49,019 | €39,202 | -€9,818 | -20.0% |
| Current portion of amounts payable after more than one year | 42 | €15,639 | €13,234 | -€2,405 | -15.4% |
| Trade debts | 44 | €5,124 | €17,077 | +€11,953 | +233.3% |
| Suppliers | 440/4 | €5,124 | €17,077 | +€11,953 | +233.3% |
| Taxes, remuneration and social security | 45 | €7,528 | €6,343 | -€1,184 | -15.7% |
| Taxes | 450/3 | €5,533 | €3,593 | -€1,939 | -35.0% |
| Remuneration and social security | 454/9 | €1,995 | €2,750 | +€755 | +37.8% |
| Other amounts payable | 47/48 | €20,729 | €2,547 | -€18,182 | -87.7% |
| Remuneration, social security and pensions | 62 | - | €636 | +€636 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,627 | €4,847 | -€4,779 | -49.6% |
| Other operating charges | 640/8 | €561 | €862 | +€300 | +53.5% |
| Gross operating margin | 9900 | €16,440 | €14,270 | -€2,170 | -13.2% |
| Operating profit (loss) | 9901 | €6,252 | €7,925 | +€1,673 | +26.8% |
| Financial income | 75/76B | €8,803 | €13,239 | +€4,436 | +50.4% |
| Recurring financial income | 75 | €8,803 | €8,689 | -€114 | -1.3% |
| Non-recurring financial income | 76B | - | €4,550 | +€4,550 | |
| Financial charges | 65/66B | €1,801 | €1,532 | -€268 | -14.9% |
| Recurring financial charges | 65 | €1,801 | €1,532 | -€268 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €13,254 | €19,631 | +€6,377 | +48.1% |
| Income taxes | 67/77 | €5,282 | €6,866 | +€1,584 | +30.0% |
| Profit (loss) for the period | 9904 | €7,972 | €12,765 | +€4,793 | +60.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,972 | €12,765 | +€4,793 | +60.1% |
Source: filed annual accounts (NBB), financial years ended 1 July 2024 and 1 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.