OPTIMIZE: 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.
OPTIMIZE
Largest movements
- Tangible fixed assets -€24,602
down €24,602 (-57.5%), from €42,755 to €18,153
of which Furniture and vehicles: -€20,267
- Cash +€14,620
up €14,620 (+10.8%), from €135,767 to €150,386
mainly Depreciation (+€28,977) and Net result for the year (+€25,204)
- Receivables within one year -€10,983
down €10,983 (-11.5%), from €95,594 to €84,611
of which Trade receivables: -€10,152
- Reserves +€25,000
up €25,000 (+19.7%), from €126,620 to €151,620
- Tax, wage and social debts -€22,480
down €22,480 (-33.8%), from €66,489 to €44,009
of which Taxes: -€21,068
- Trade debts -€18,201
down €18,201 (-60.9%), from €29,895 to €11,694
- Debts after one year -€6,191
no longer reported in 2025 (was €6,191)
- Other debts +€4,196
up €4,196 (+73.9%), from €5,681 to €9,877
- Staff costs +€26,806
up €26,806 (+16.9%), from €159,076 to €185,882
- Taxes -€8,519
down €8,519 (-36.8%), from €23,132 to €14,612
- Gross operating margin -€4,637
down €4,637 (-1.8%), from €262,029 to €257,392
- Write-downs -€3,540
no longer reported in 2025 (was €3,540)
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 | €318,132 | €298,876 | -€19,256 | -6.1% |
| Fixed assets | 21/28 | €42,755 | €18,153 | -€24,602 | -57.5% |
| Tangible fixed assets | 22/27 | €42,755 | €18,153 | -€24,602 | -57.5% |
| Plant, machinery and equipment | 23 | €5,056 | €2,257 | -€2,800 | -55.4% |
| Furniture and vehicles | 24 | €35,395 | €15,129 | -€20,267 | -57.3% |
| Other tangible fixed assets | 26 | €2,304 | €768 | -€1,536 | -66.7% |
| Current assets | 29/58 | €275,377 | €280,723 | +€5,347 | +1.9% |
| Amounts receivable after more than one year | 29 | €40,000 | €40,000 | = | 0.0% |
| Other amounts receivable | 291 | €40,000 | €40,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €95,594 | €84,611 | -€10,983 | -11.5% |
| Trade receivables | 40 | €72,573 | €62,421 | -€10,152 | -14.0% |
| Other amounts receivable | 41 | €23,021 | €22,189 | -€831 | -3.6% |
| Cash at bank and in hand | 54/58 | €135,767 | €150,386 | +€14,620 | +10.8% |
| Deferred charges and accrued income | 490/1 | €4,016 | €5,726 | +€1,710 | +42.6% |
| Total equity and liabilities | 10/49 | €318,132 | €298,876 | -€19,256 | -6.1% |
| Equity | 10/15 | €201,901 | €227,105 | +€25,204 | +12.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €126,620 | €151,620 | +€25,000 | +19.7% |
| Distributable reserves | 133 | €126,620 | €151,620 | +€25,000 | +19.7% |
| Profit (loss) carried forward | 14 | €69,081 | €69,285 | +€204 | +0.3% |
| Amounts payable | 17/49 | €116,231 | €71,771 | -€44,459 | -38.3% |
| Amounts payable after more than one year | 17 | €6,191 | - | -€6,191 | |
| Financial debts | 170/4 | €6,191 | - | -€6,191 | |
| Amounts payable within one year | 42/48 | €110,039 | €71,771 | -€38,268 | -34.8% |
| Current portion of amounts payable after more than one year | 42 | €7,975 | €6,191 | -€1,784 | -22.4% |
| Trade debts | 44 | €29,895 | €11,694 | -€18,201 | -60.9% |
| Suppliers | 440/4 | €29,895 | €11,694 | -€18,201 | -60.9% |
| Taxes, remuneration and social security | 45 | €66,489 | €44,009 | -€22,480 | -33.8% |
| Taxes | 450/3 | €42,796 | €21,729 | -€21,068 | -49.2% |
| Remuneration and social security | 454/9 | €23,693 | €22,281 | -€1,412 | -6.0% |
| Other amounts payable | 47/48 | €5,681 | €9,877 | +€4,196 | +73.9% |
| Remuneration, social security and pensions | 62 | €159,076 | €185,882 | +€26,806 | +16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,141 | €28,977 | -€164 | -0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,540 | - | -€3,540 | |
| Other operating charges | 640/8 | €2,551 | €4,093 | +€1,542 | +60.4% |
| Gross operating margin | 9900 | €262,029 | €257,392 | -€4,637 | -1.8% |
| Operating profit (loss) | 9901 | €67,721 | €38,440 | -€29,281 | -43.2% |
| Financial income | 75/76B | €2,374 | €2,148 | -€226 | -9.5% |
| Recurring financial income | 75 | €2,374 | €2,148 | -€226 | -9.5% |
| Financial charges | 65/66B | €1,083 | €771 | -€312 | -28.8% |
| Recurring financial charges | 65 | €1,083 | €771 | -€312 | -28.8% |
| Profit (loss) for the period before taxes | 9903 | €69,011 | €39,816 | -€29,195 | -42.3% |
| Income taxes | 67/77 | €23,132 | €14,612 | -€8,519 | -36.8% |
| Profit (loss) for the period | 9904 | €45,880 | €25,204 | -€20,676 | -45.1% |
| Profit (loss) for the period to be appropriated | 9905 | €45,880 | €25,204 | -€20,676 | -45.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.