OPTIMIZE Management: 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 Management
Largest movements
- Receivables within one year -€72,312
down €72,312 (-65.8%), from €109,921 to €37,609
of which Trade receivables: -€81,753
- Tangible fixed assets -€17,602
down €17,602 (-8.7%), from €201,719 to €184,117
- Cash +€17,003
up €17,003 (+28.8%), from €58,985 to €75,988
mainly Receivables within one year (+€72,312) and Net result for the year (+€28,874)
- Trade debts -€83,473
down €83,473 (-94.1%), from €88,722 to €5,249
- Reserves +€28,874
up €28,874 (+20.8%), from €138,681 to €167,554
of which Distributable reserves: +€28,874
- Other debts -€10,283
down €10,283 (-90.4%), from €11,371 to €1,088
- Debts after one year -€9,518
down €9,518 (-8.2%), from €116,238 to €106,719
- Gross operating margin -€20,167
down €20,167 (-23.9%), from €84,471 to €64,304
- Taxes -€3,604
down €3,604 (-19.7%), from €18,333 to €14,729
- Depreciation -€2,254
down €2,254 (-11.3%), from €19,856 to €17,602
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €375,449 | €299,214 | -€76,236 | -20.3% |
| Fixed assets | 21/28 | €201,719 | €184,117 | -€17,602 | -8.7% |
| Tangible fixed assets | 22/27 | €201,719 | €184,117 | -€17,602 | -8.7% |
| Land and buildings | 22 | €144,912 | €136,405 | -€8,506 | -5.9% |
| Furniture and vehicles | 24 | €17,566 | €13,428 | -€4,139 | -23.6% |
| Other tangible fixed assets | 26 | €39,241 | €34,284 | -€4,957 | -12.6% |
| Current assets | 29/58 | €173,730 | €115,097 | -€58,634 | -33.7% |
| Amounts receivable within one year | 40/41 | €109,921 | €37,609 | -€72,312 | -65.8% |
| Trade receivables | 40 | €98,485 | €16,733 | -€81,753 | -83.0% |
| Other amounts receivable | 41 | €11,435 | €20,876 | +€9,441 | +82.6% |
| Cash at bank and in hand | 54/58 | €58,985 | €75,988 | +€17,003 | +28.8% |
| Deferred charges and accrued income | 490/1 | €4,825 | €1,500 | -€3,325 | -68.9% |
| Total equity and liabilities | 10/49 | €375,449 | €299,214 | -€76,236 | -20.3% |
| Equity | 10/15 | €144,877 | €173,751 | +€28,874 | +19.9% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €138,681 | €167,554 | +€28,874 | +20.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €98 | €98 | = | 0.0% |
| Distributable reserves | 133 | €136,724 | €165,598 | +€28,874 | +21.1% |
| Amounts payable | 17/49 | €230,572 | €125,462 | -€105,109 | -45.6% |
| Amounts payable after more than one year | 17 | €116,238 | €106,719 | -€9,518 | -8.2% |
| Financial debts | 170/4 | €116,238 | €106,719 | -€9,518 | -8.2% |
| Amounts payable within one year | 42/48 | €114,334 | €18,743 | -€95,591 | -83.6% |
| Current portion of amounts payable after more than one year | 42 | €9,384 | €9,518 | +€135 | +1.4% |
| Trade debts | 44 | €88,722 | €5,249 | -€83,473 | -94.1% |
| Suppliers | 440/4 | €88,722 | €5,249 | -€83,473 | -94.1% |
| Taxes, remuneration and social security | 45 | €4,858 | €2,887 | -€1,970 | -40.6% |
| Taxes | 450/3 | €4,858 | €2,887 | -€1,970 | -40.6% |
| Other amounts payable | 47/48 | €11,371 | €1,088 | -€10,283 | -90.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,856 | €17,602 | -€2,254 | -11.3% |
| Other operating charges | 640/8 | €1,117 | €837 | -€280 | -25.1% |
| Gross operating margin | 9900 | €84,471 | €64,304 | -€20,167 | -23.9% |
| Operating profit (loss) | 9901 | €63,498 | €45,865 | -€17,633 | -27.8% |
| Financial income | 75/76B | €6 | €0 | -€6 | -100.0% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -100.0% |
| Financial charges | 65/66B | €3,029 | €2,262 | -€766 | -25.3% |
| Recurring financial charges | 65 | €3,029 | €2,262 | -€766 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | €60,475 | €43,603 | -€16,872 | -27.9% |
| Income taxes | 67/77 | €18,333 | €14,729 | -€3,604 | -19.7% |
| Profit (loss) for the period | 9904 | €42,143 | €28,874 | -€13,269 | -31.5% |
| Profit (loss) for the period to be appropriated | 9905 | €42,143 | €28,874 | -€13,269 | -31.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.