OPTIMUS: 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.
OPTIMUS
Largest movements
- Receivables within one year -€2.9m
down €2.9m (-53.5%), from €5.4m to €2.5m
of which Other amounts receivable: -€3.4m
- Cash -€1.0m
down €1.0m (-79.2%), from €1.3m to €267,126
mainly Other debts (-€2.7m) and Trade debts (-€1.5m)
- Tangible fixed assets +€692,675
up €692,675 (+709.1%), from €97,680 to €790,355
of which Other tangible fixed assets: +€631,394
- Stocks and contracts -€190,823
down €190,823 (-13.2%), from €1.4m to €1.3m
- Other debts -€2.7m
down €2.7m (-74.8%), from €3.6m to €895,262
- Trade debts -€1.5m
down €1.5m (-60.4%), from €2.5m to €1.0m
- Debts after one year +€391,412
new in 2025: €391,412
- Reserves +€230,270
up €230,270 (+171.5%), from €134,241 to €364,511
of which Distributable reserves: +€230,270
- Short-term financial debts +€158,645
new in 2025: €158,645
- Staff costs +€163,977
up €163,977 (+65.4%), from €250,826 to €414,802
- Financial charges +€158,950
up €158,950 (+688.5%), from €23,085 to €182,035
- Taxes -€66,569
down €66,569 (-43.9%), from €151,494 to €84,925
- Depreciation +€60,717
up €60,717 (+149.5%), from €40,609 to €101,326
- Financial income +€46,014
up €46,014 (+37.3%), from €123,278 to €169,292
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 | €8,232,460 | €4,899,997 | -€3.3m | -40.5% |
| Fixed assets | 21/28 | €115,161 | €867,527 | +€752,366 | +653.3% |
| Intangible fixed assets | 21 | €10,884 | €70,575 | +€59,691 | +548.5% |
| Tangible fixed assets | 22/27 | €97,680 | €790,355 | +€692,675 | +709.1% |
| Plant, machinery and equipment | 23 | €30,693 | €60,842 | +€30,149 | +98.2% |
| Furniture and vehicles | 24 | €50,007 | €81,139 | +€31,132 | +62.3% |
| Other tangible fixed assets | 26 | €16,980 | €648,374 | +€631,394 | +3718.4% |
| Financial fixed assets | 28 | €6,597 | €6,597 | = | 0.0% |
| Current assets | 29/58 | €8,117,300 | €4,032,470 | -€4.1m | -50.3% |
| Stocks and contracts in progress | 3 | €1,441,797 | €1,250,974 | -€190,823 | -13.2% |
| Stocks | 30/36 | €1,441,797 | €1,250,974 | -€190,823 | -13.2% |
| Amounts receivable within one year | 40/41 | €5,379,853 | €2,504,265 | -€2.9m | -53.5% |
| Trade receivables | 40 | €1,948,986 | €2,466,211 | +€517,225 | +26.5% |
| Other amounts receivable | 41 | €3,430,866 | €38,053 | -€3.4m | -98.9% |
| Current investments | 50/53 | €4,030 | €4,030 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,286,209 | €267,126 | -€1.0m | -79.2% |
| Deferred charges and accrued income | 490/1 | €5,411 | €6,076 | +€665 | +12.3% |
| Total equity and liabilities | 10/49 | €8,232,460 | €4,899,997 | -€3.3m | -40.5% |
| Equity | 10/15 | €1,935,709 | €2,165,545 | +€229,836 | +11.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €134,241 | €364,511 | +€230,270 | +171.5% |
| Tax-exempt reserves | 132 | €19,375 | €19,375 | = | 0.0% |
| Distributable reserves | 133 | €114,866 | €345,136 | +€230,270 | +200.5% |
| Profit (loss) carried forward | 14 | €1,776,943 | €1,776,943 | = | 0.0% |
| Investment grants | 15 | €5,925 | €5,491 | -€434 | -7.3% |
| Amounts payable | 17/49 | €6,296,751 | €2,734,452 | -€3.6m | -56.6% |
| Amounts payable after more than one year | 17 | - | €391,412 | +€391,412 | |
| Financial debts | 170/4 | - | €391,412 | +€391,412 | |
| Amounts payable within one year | 42/48 | €6,198,186 | €2,343,040 | -€3.9m | -62.2% |
| Current portion of amounts payable after more than one year | 42 | - | €65,900 | +€65,900 | |
| Financial debts | 43 | - | €158,645 | +€158,645 | |
| Credit institutions | 430/8 | - | €158,645 | +€158,645 | |
| Trade debts | 44 | €2,536,558 | €1,005,477 | -€1.5m | -60.4% |
| Suppliers | 440/4 | €2,536,558 | €1,005,477 | -€1.5m | -60.4% |
| Advances received on contracts in progress | 46 | - | €72,000 | +€72,000 | |
| Taxes, remuneration and social security | 45 | €108,180 | €145,756 | +€37,576 | +34.7% |
| Taxes | 450/3 | €73,811 | €94,103 | +€20,292 | +27.5% |
| Remuneration and social security | 454/9 | €34,369 | €51,653 | +€17,284 | +50.3% |
| Other amounts payable | 47/48 | €3,553,449 | €895,262 | -€2.7m | -74.8% |
| Accrued charges and deferred income | 492/3 | €98,566 | €0 | -€98,566 | -100.0% |
| Non-recurring operating income | 76A | €826 | €0 | -€826 | -100.0% |
| Remuneration, social security and pensions | 62 | €250,826 | €414,802 | +€163,977 | +65.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,609 | €101,326 | +€60,717 | +149.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€25,425 | -€21,943 | +€3,481 | +13.7% |
| Other operating charges | 640/8 | €39,664 | €21,489 | -€18,175 | -45.8% |
| Gross operating margin | 9900 | €982,957 | €943,611 | -€39,346 | -4.0% |
| Operating profit (loss) | 9901 | €677,282 | €427,937 | -€249,346 | -36.8% |
| Financial income | 75/76B | €123,278 | €169,292 | +€46,014 | +37.3% |
| Recurring financial income | 75 | €123,278 | €169,292 | +€46,014 | +37.3% |
| Financial charges | 65/66B | €23,085 | €182,035 | +€158,950 | +688.5% |
| Recurring financial charges | 65 | €23,085 | €182,035 | +€158,950 | +688.5% |
| Profit (loss) for the period before taxes | 9903 | €777,476 | €415,194 | -€362,281 | -46.6% |
| Income taxes | 67/77 | €151,494 | €84,925 | -€66,569 | -43.9% |
| Profit (loss) for the period | 9904 | €625,981 | €330,270 | -€295,712 | -47.2% |
| Profit (loss) for the period to be appropriated | 9905 | €625,981 | €330,270 | -€295,712 | -47.2% |
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 6 October 2026 via checked.be.