OPTIMUM: 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.
OPTIMUM
Largest movements
- Intangible fixed assets +€624,377
up €624,377 (+714%), from €87,480 to €711,857
- Cash +€504,207
up €504,207 (+106%), from €475,828 to €980,035
mainly Debts after one year (+€752,769) and Net result for the year (+€461,988)
- Tangible fixed assets +€249,670
up €249,670 (+33.4%), from €747,899 to €997,570
of which Land and buildings: +€261,332
- Receivables within one year -€42,198
down €42,198 (-35.3%), from €119,578 to €77,380
of which Trade receivables: -€42,198
- Debts after one year +€752,769
up €752,769 (+172%), from €436,754 to €1.2m
- Reserves +€321,393
up €321,393 (+42.0%), from €765,075 to €1.1m
of which Distributable reserves: +€363,493
- Other debts +€126,148
up €126,148 (+103%), from €122,552 to €248,700
- Tax, wage and social debts +€87,680
up €87,680 (+228%), from €38,504 to €126,184
of which Taxes: +€91,506
- Current portion of long-term debt +€81,871
up €81,871 (+157%), from €52,093 to €133,964
- Gross operating margin +€531,387
up €531,387 (+86.0%), from €617,891 to €1.1m
- Taxes +€153,346
up €153,346 (+229%), from €66,922 to €220,268
- Depreciation +€107,884
up €107,884 (+97.6%), from €110,568 to €218,453
- Staff costs -€32,287
down €32,287 (-13.4%), from €240,868 to €208,581
- Financial charges +€24,008
up €24,008 (+192%), from €12,496 to €36,504
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 | €1,499,572 | €2,843,272 | +€1.3m | +89.6% |
| Fixed assets | 21/28 | €835,630 | €1,709,677 | +€874,047 | +105% |
| Intangible fixed assets | 21 | €87,480 | €711,857 | +€624,377 | +714% |
| Tangible fixed assets | 22/27 | €747,899 | €997,570 | +€249,670 | +33.4% |
| Land and buildings | 22 | €706,125 | €967,457 | +€261,332 | +37.0% |
| Plant, machinery and equipment | 23 | €1,410 | €2,605 | +€1,195 | +84.8% |
| Furniture and vehicles | 24 | €40,365 | €27,508 | -€12,856 | -31.9% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €663,943 | €1,133,595 | +€469,652 | +70.7% |
| Amounts receivable within one year | 40/41 | €119,578 | €77,380 | -€42,198 | -35.3% |
| Trade receivables | 40 | €49,000 | €6,802 | -€42,198 | -86.1% |
| Other amounts receivable | 41 | €70,578 | €70,578 | = | 0.0% |
| Current investments | 50/53 | €32,856 | €36,414 | +€3,558 | +10.8% |
| Cash at bank and in hand | 54/58 | €475,828 | €980,035 | +€504,207 | +106% |
| Deferred charges and accrued income | 490/1 | €35,680 | €39,766 | +€4,085 | +11.4% |
| Total equity and liabilities | 10/49 | €1,499,572 | €2,843,272 | +€1.3m | +89.6% |
| Equity | 10/15 | €785,075 | €1,106,469 | +€321,393 | +40.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €765,075 | €1,086,469 | +€321,393 | +42.0% |
| Tax-exempt reserves | 132 | €199,975 | €157,875 | -€42,100 | -21.1% |
| Distributable reserves | 133 | €565,100 | €928,594 | +€363,493 | +64.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €479 | €479 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €479 | €479 | = | 0.0% |
| Environmental obligations | 163 | €479 | €479 | = | 0.0% |
| Amounts payable | 17/49 | €714,018 | €1,736,324 | +€1.0m | +143% |
| Amounts payable after more than one year | 17 | €436,754 | €1,189,523 | +€752,769 | +172% |
| Financial debts | 170/4 | €436,754 | €1,189,523 | +€752,769 | +172% |
| Amounts payable within one year | 42/48 | €251,630 | €546,150 | +€294,520 | +117% |
| Current portion of amounts payable after more than one year | 42 | €52,093 | €133,964 | +€81,871 | +157% |
| Trade debts | 44 | €38,480 | €37,302 | -€1,178 | -3.1% |
| Suppliers | 440/4 | €38,480 | €37,302 | -€1,178 | -3.1% |
| Taxes, remuneration and social security | 45 | €38,504 | €126,184 | +€87,680 | +228% |
| Taxes | 450/3 | €0 | €91,506 | +€91,506 | |
| Remuneration and social security | 454/9 | €38,504 | €34,678 | -€3,826 | -9.9% |
| Other amounts payable | 47/48 | €122,552 | €248,700 | +€126,148 | +103% |
| Accrued charges and deferred income | 492/3 | €25,634 | €651 | -€24,983 | -97.5% |
| Non-recurring operating income | 76A | - | €22,761 | +€22,761 | |
| Remuneration, social security and pensions | 62 | €240,868 | €208,581 | -€32,287 | -13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,568 | €218,453 | +€107,884 | +97.6% |
| Other operating charges | 640/8 | €8,837 | €9,302 | +€465 | +5.3% |
| Gross operating margin | 9900 | €617,891 | €1,149,278 | +€531,387 | +86.0% |
| Operating profit (loss) | 9901 | €257,618 | €712,942 | +€455,324 | +177% |
| Financial income | 75/76B | €1,784 | €5,817 | +€4,033 | +226% |
| Recurring financial income | 75 | €1,784 | €5,817 | +€4,033 | +226% |
| Financial charges | 65/66B | €12,496 | €36,504 | +€24,008 | +192% |
| Recurring financial charges | 65 | €12,496 | €36,504 | +€24,008 | +192% |
| Profit (loss) for the period before taxes | 9903 | €246,907 | €682,255 | +€435,349 | +176% |
| Income taxes | 67/77 | €66,922 | €220,268 | +€153,346 | +229% |
| Profit (loss) for the period | 9904 | €179,985 | €461,988 | +€282,003 | +157% |
| Transfer from tax-exempt reserves | 789 | - | €42,100 | +€42,100 | |
| Transfer to tax-exempt reserves | 689 | €105,250 | €0 | -€105,250 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €74,735 | €504,088 | +€429,353 | +575% |
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 26 October 2026 via checked.be.