OPTIONS 39: 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.
OPTIONS 39
Largest movements
- Receivables within one year -€17,960
down €17,960 (-32.7%), from €54,886 to €36,926
of which Other amounts receivable: -€9,196
- Cash -€3,557
down €3,557 (-26.8%), from €13,287 to €9,730
mainly Contributions, distributions and other (-€36,444) and Other debts (-€8,285)
- Tangible fixed assets -€2,659
down €2,659 (-9.0%), from €29,431 to €26,773
- Profit (loss) carried forward -€17,171
down €17,171 (-47.1%), from €36,444 to €19,273
- Other debts -€8,285
down €8,285 (-35.2%), from €23,529 to €15,244
- Tax, wage and social debts +€3,189
up €3,189 (+26.4%), from €12,079 to €15,268
of which Taxes: +€3,173
- Financial charges -€3,208
down €3,208 (-55.9%), from €5,740 to €2,532
of which Non-recurring financial charges: -€2,559
- Gross operating margin -€2,888
down €2,888 (-7.4%), from €39,216 to €36,327
- Financial income -€1,765
down €1,765 (-99.9%), from €1,767 to €1
of which Non-recurring financial income: -€1,730
- Depreciation +€884
up €884 (+17.4%), from €5,085 to €5,970
- Staff costs +€605
new in 2025: €605
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 | €99,955 | €76,576 | -€23,378 | -23.4% |
| Fixed assets | 21/28 | €29,431 | €26,773 | -€2,659 | -9.0% |
| Tangible fixed assets | 22/27 | €29,431 | €26,773 | -€2,659 | -9.0% |
| Land and buildings | 22 | €17,500 | €16,750 | -€750 | -4.3% |
| Plant, machinery and equipment | 23 | €3,494 | €2,607 | -€887 | -25.4% |
| Furniture and vehicles | 24 | €8,437 | €7,416 | -€1,022 | -12.1% |
| Current assets | 29/58 | €70,523 | €49,804 | -€20,719 | -29.4% |
| Amounts receivable within one year | 40/41 | €54,886 | €36,926 | -€17,960 | -32.7% |
| Trade receivables | 40 | €44,444 | €35,681 | -€8,763 | -19.7% |
| Other amounts receivable | 41 | €10,441 | €1,245 | -€9,196 | -88.1% |
| Cash at bank and in hand | 54/58 | €13,287 | €9,730 | -€3,557 | -26.8% |
| Deferred charges and accrued income | 490/1 | €2,351 | €3,148 | +€797 | +33.9% |
| Total equity and liabilities | 10/49 | €99,955 | €76,576 | -€23,378 | -23.4% |
| Equity | 10/15 | €56,904 | €39,733 | -€17,171 | -30.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,444 | €19,273 | -€17,171 | -47.1% |
| Amounts payable | 17/49 | €43,051 | €36,844 | -€6,207 | -14.4% |
| Amounts payable within one year | 42/48 | €43,051 | €36,844 | -€6,207 | -14.4% |
| Financial debts | 43 | €3,208 | €2,254 | -€955 | -29.8% |
| Credit institutions | 430/8 | €3,208 | €2,254 | -€955 | -29.8% |
| Trade debts | 44 | €4,234 | €4,077 | -€157 | -3.7% |
| Suppliers | 440/4 | €4,234 | €4,077 | -€157 | -3.7% |
| Taxes, remuneration and social security | 45 | €12,079 | €15,268 | +€3,189 | +26.4% |
| Taxes | 450/3 | €12,079 | €15,253 | +€3,173 | +26.3% |
| Remuneration and social security | 454/9 | - | €16 | +€16 | |
| Other amounts payable | 47/48 | €23,529 | €15,244 | -€8,285 | -35.2% |
| Remuneration, social security and pensions | 62 | - | €605 | +€605 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,085 | €5,970 | +€884 | +17.4% |
| Other operating charges | 640/8 | €1,187 | €694 | -€493 | -41.5% |
| Gross operating margin | 9900 | €39,216 | €36,327 | -€2,888 | -7.4% |
| Operating profit (loss) | 9901 | €32,943 | €29,058 | -€3,885 | -11.8% |
| Financial income | 75/76B | €1,767 | €1 | -€1,765 | -99.9% |
| Recurring financial income | 75 | €36 | €1 | -€35 | -96.1% |
| Non-recurring financial income | 76B | €1,730 | - | -€1,730 | |
| Financial charges | 65/66B | €5,740 | €2,532 | -€3,208 | -55.9% |
| Recurring financial charges | 65 | €3,182 | €2,532 | -€650 | -20.4% |
| Non-recurring financial charges | 66B | €2,559 | - | -€2,559 | |
| Profit (loss) for the period before taxes | 9903 | €28,970 | €26,528 | -€2,442 | -8.4% |
| Income taxes | 67/77 | €7,479 | €7,255 | -€224 | -3.0% |
| Profit (loss) for the period | 9904 | €21,490 | €19,273 | -€2,217 | -10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €21,490 | €19,273 | -€2,217 | -10.3% |
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 11 October 2026 via checked.be.