OPTIMIZER: 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.
OPTIMIZER
Largest movements
- Receivables within one year +€35,109
up €35,109 (+29.2%), from €120,357 to €155,466
of which Trade receivables: +€35,109
- Cash -€11,976
down €11,976 (-85.1%), from €14,077 to €2,101
mainly Receivables within one year (-€35,109) and Tax, wage and social debts (-€8,944)
- Trade debts +€30,369
up €30,369, from €0 to €30,369
- Tax, wage and social debts -€8,944
down €8,944 (-32.1%), from €27,875 to €18,931
of which Taxes: -€9,520
- Gross operating margin -€15,060
down €15,060 (-16.1%), from €93,823 to €78,763
- Other operating charges -€11,722
down €11,722 (-79.2%), from €14,801 to €3,080
- Taxes -€2,745
down €2,745 (-23.0%), from €11,933 to €9,188
- Staff costs +€2,460
up €2,460 (+4.0%), from €60,846 to €63,306
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 | €137,309 | €159,327 | +€22,018 | +16.0% |
| Current assets | 29/58 | €137,309 | €159,327 | +€22,018 | +16.0% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €120,357 | €155,466 | +€35,109 | +29.2% |
| Trade receivables | 40 | €120,357 | €155,466 | +€35,109 | +29.2% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €14,077 | €2,101 | -€11,976 | -85.1% |
| Deferred charges and accrued income | 490/1 | €2,875 | €1,760 | -€1,115 | -38.8% |
| Total equity and liabilities | 10/49 | €137,309 | €159,327 | +€22,018 | +16.0% |
| Equity | 10/15 | €105,258 | €105,732 | +€474 | +0.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €49,968 | €49,968 | = | 0.0% |
| Distributable reserves | 133 | €49,968 | €49,968 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,090 | €49,564 | +€474 | +1.0% |
| Amounts payable | 17/49 | €32,051 | €53,595 | +€21,544 | +67.2% |
| Amounts payable within one year | 42/48 | €30,551 | €52,095 | +€21,544 | +70.5% |
| Trade debts | 44 | €0 | €30,369 | +€30,369 | |
| Suppliers | 440/4 | €0 | €30,369 | +€30,369 | |
| Taxes, remuneration and social security | 45 | €27,875 | €18,931 | -€8,944 | -32.1% |
| Taxes | 450/3 | €15,029 | €5,509 | -€9,520 | -63.3% |
| Remuneration and social security | 454/9 | €12,846 | €13,421 | +€575 | +4.5% |
| Other amounts payable | 47/48 | €2,676 | €2,796 | +€120 | +4.5% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €60,846 | €63,306 | +€2,460 | +4.0% |
| Other operating charges | 640/8 | €14,801 | €3,080 | -€11,722 | -79.2% |
| Gross operating margin | 9900 | €93,823 | €78,763 | -€15,060 | -16.1% |
| Operating profit (loss) | 9901 | €18,177 | €12,378 | -€5,798 | -31.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,740 | €2,717 | -€23 | -0.8% |
| Recurring financial charges | 65 | €2,740 | €2,717 | -€23 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | €15,437 | €9,661 | -€5,776 | -37.4% |
| Income taxes | 67/77 | €11,933 | €9,188 | -€2,745 | -23.0% |
| Profit (loss) for the period | 9904 | €3,504 | €474 | -€3,030 | -86.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,504 | €474 | -€3,030 | -86.5% |
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.