OPTIMIZE TRIATHLON NV: 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 TRIATHLON NV
Largest movements
- Receivables within one year +€101,843
up €101,843 (+121%), from €84,120 to €185,963
of which Trade receivables: +€101,868
- Stocks and contracts -€8,779
down €8,779 (-4.5%), from €193,255 to €184,476
- Cash -€6,633
down €6,633 (-85.8%), from €7,733 to €1,100
mainly Receivables within one year (-€101,843) and Debts after one year (-€16,604)
- Profit (loss) carried forward +€53,870
up €53,870 (+7.4%), from -€727,657 to -€673,787
- Advances received +€41,022
new in 2025: €41,022
- Debts after one year -€16,604
down €16,604 (-47.0%), from €35,342 to €18,739
- Trade debts -€15,796
down €15,796 (-8.0%), from €196,885 to €181,089
- Tax, wage and social debts +€12,802
up €12,802 (+236%), from €5,434 to €18,236
- Gross operating margin +€40,841
up €40,841 (+216%), from €18,882 to €59,723
- Financial income +€904
up €904 (+25.2%), from €3,590 to €4,494
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.
Derived cash bridge
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 | €308,341 | €391,738 | +€83,398 | +27.0% |
| Fixed assets | 21/28 | €16,898 | €13,461 | -€3,437 | -20.3% |
| Tangible fixed assets | 22/27 | €13,748 | €10,311 | -€3,437 | -25.0% |
| Other tangible fixed assets | 26 | €13,748 | €10,311 | -€3,437 | -25.0% |
| Financial fixed assets | 28 | €3,150 | €3,150 | = | 0.0% |
| Current assets | 29/58 | €291,443 | €378,278 | +€86,835 | +29.8% |
| Stocks and contracts in progress | 3 | €193,255 | €184,476 | -€8,779 | -4.5% |
| Stocks | 30/36 | €193,255 | €184,476 | -€8,779 | -4.5% |
| Amounts receivable within one year | 40/41 | €84,120 | €185,963 | +€101,843 | +121% |
| Trade receivables | 40 | €83,770 | €185,638 | +€101,868 | +122% |
| Other amounts receivable | 41 | €350 | €325 | -€25 | -7.2% |
| Cash at bank and in hand | 54/58 | €7,733 | €1,100 | -€6,633 | -85.8% |
| Deferred charges and accrued income | 490/1 | €6,335 | €6,738 | +€403 | +6.4% |
| Total equity and liabilities | 10/49 | €308,341 | €391,738 | +€83,398 | +27.0% |
| Equity | 10/15 | €52,343 | €106,213 | +€53,870 | +103% |
| Contributions | 10/11 | €780,000 | €780,000 | = | 0.0% |
| Capital | 10 | - | €780,000 | +€780,000 | |
| Issued capital | 100 | - | €780,000 | +€780,000 | |
| Profit (loss) carried forward | 14 | -€727,657 | -€673,787 | +€53,870 | +7.4% |
| Amounts payable | 17/49 | €255,998 | €285,525 | +€29,528 | +11.5% |
| Amounts payable after more than one year | 17 | €35,342 | €18,739 | -€16,604 | -47.0% |
| Financial debts | 170/4 | €35,342 | €18,739 | -€16,604 | -47.0% |
| Amounts payable within one year | 42/48 | €216,977 | €264,740 | +€47,763 | +22.0% |
| Current portion of amounts payable after more than one year | 42 | €14,658 | €16,604 | +€1,946 | +13.3% |
| Financial debts | 43 | - | €7,789 | +€7,789 | |
| Credit institutions | 430/8 | - | €7,789 | +€7,789 | |
| Trade debts | 44 | €196,885 | €181,089 | -€15,796 | -8.0% |
| Suppliers | 440/4 | €196,885 | €181,089 | -€15,796 | -8.0% |
| Advances received on contracts in progress | 46 | - | €41,022 | +€41,022 | |
| Taxes, remuneration and social security | 45 | €5,434 | €18,236 | +€12,802 | +236% |
| Taxes | 450/3 | €5,434 | €18,236 | +€12,802 | +236% |
| Accrued charges and deferred income | 492/3 | €3,678 | €2,046 | -€1,632 | -44.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,615 | €3,437 | -€178 | -4.9% |
| Other operating charges | 640/8 | €1,246 | €1,536 | +€290 | +23.3% |
| Gross operating margin | 9900 | €18,882 | €59,723 | +€40,841 | +216% |
| Operating profit (loss) | 9901 | €14,021 | €54,750 | +€40,729 | +290% |
| Financial income | 75/76B | €3,590 | €4,494 | +€904 | +25.2% |
| Recurring financial income | 75 | €3,590 | €4,494 | +€904 | +25.2% |
| Financial charges | 65/66B | €5,505 | €5,374 | -€131 | -2.4% |
| Recurring financial charges | 65 | €5,505 | €5,374 | -€131 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €12,106 | €53,870 | +€41,764 | +345% |
| Profit (loss) for the period | 9904 | €12,106 | €53,870 | +€41,764 | +345% |
| Profit (loss) for the period to be appropriated | 9905 | €12,106 | €53,870 | +€41,764 | +345% |
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 15 October 2026 via checked.be.