SE-Optimizz: 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.
SE-Optimizz
Largest movements
- Stocks and contracts +€16,657
new in 2025: €16,657
- Receivables within one year -€4,232
down €4,232 (-30.2%), from €13,993 to €9,761
of which Trade receivables: -€4,232
- Cash -€1,023
down €1,023 (-70.2%), from €1,458 to €435
mainly Stocks and contracts (-€16,657) and Tax, wage and social debts (-€2,520)
- Tangible fixed assets +€892
new in 2025: €892
- Other debts +€8,702
up €8,702 (+420.5%), from €2,069 to €10,771
- Trade debts +€5,665
up €5,665 (+149.7%), from €3,785 to €9,449
- Tax, wage and social debts -€2,520
down €2,520 (-55.4%), from €4,550 to €2,030
of which Remuneration and social security: -€2,520
- Gross operating margin -€3,583
down €3,583 (-47.4%), from €7,551 to €3,968
- Other operating charges +€221
up €221 (+10.3%), from €2,139 to €2,360
- Depreciation +€177
up €177 (+64.9%), from €272 to €449
- Financial income -€158
down €158 (-99.2%), from €159 to €1
- Taxes +€80
up €80 (+12.8%), from €628 to €709
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 | €16,539 | €28,562 | +€12,022 | +72.7% |
| Formation expenses | 20 | €1,089 | €816 | -€272 | -25.0% |
| Fixed assets | 21/28 | - | €892 | +€892 | |
| Tangible fixed assets | 22/27 | - | €892 | +€892 | |
| Furniture and vehicles | 24 | - | €892 | +€892 | |
| Current assets | 29/58 | €15,451 | €26,853 | +€11,402 | +73.8% |
| Stocks and contracts in progress | 3 | - | €16,657 | +€16,657 | |
| Contracts in progress | 37 | - | €16,657 | +€16,657 | |
| Amounts receivable within one year | 40/41 | €13,993 | €9,761 | -€4,232 | -30.2% |
| Trade receivables | 40 | €9,164 | €4,933 | -€4,232 | -46.2% |
| Other amounts receivable | 41 | €4,828 | €4,828 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,458 | €435 | -€1,023 | -70.2% |
| Total equity and liabilities | 10/49 | €16,539 | €28,562 | +€12,022 | +72.7% |
| Equity | 10/15 | €6,136 | €6,311 | +€175 | +2.9% |
| Contributions | 10/11 | €1,700 | €1,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,436 | €4,611 | +€175 | +4.0% |
| Amounts payable | 17/49 | €10,404 | €22,251 | +€11,847 | +113.9% |
| Amounts payable within one year | 42/48 | €10,404 | €22,251 | +€11,847 | +113.9% |
| Trade debts | 44 | €3,785 | €9,449 | +€5,665 | +149.7% |
| Suppliers | 440/4 | €3,785 | €9,449 | +€5,665 | +149.7% |
| Taxes, remuneration and social security | 45 | €4,550 | €2,030 | -€2,520 | -55.4% |
| Taxes | 450/3 | €2,030 | €2,030 | = | 0.0% |
| Remuneration and social security | 454/9 | €2,520 | - | -€2,520 | |
| Other amounts payable | 47/48 | €2,069 | €10,771 | +€8,702 | +420.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €272 | €449 | +€177 | +64.9% |
| Other operating charges | 640/8 | €2,139 | €2,360 | +€221 | +10.3% |
| Gross operating margin | 9900 | €7,551 | €3,968 | -€3,583 | -47.4% |
| Operating profit (loss) | 9901 | €5,140 | €1,160 | -€3,981 | -77.4% |
| Financial income | 75/76B | €159 | €1 | -€158 | -99.2% |
| Recurring financial income | 75 | €159 | €1 | -€158 | -99.2% |
| Financial charges | 65/66B | €235 | €277 | +€42 | +17.7% |
| Recurring financial charges | 65 | €235 | €277 | +€42 | +17.7% |
| Profit (loss) for the period before taxes | 9903 | €5,064 | €884 | -€4,180 | -82.5% |
| Income taxes | 67/77 | €628 | €709 | +€80 | +12.8% |
| Profit (loss) for the period | 9904 | €4,436 | €175 | -€4,260 | -96.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,436 | €175 | -€4,260 | -96.0% |
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.