AADM Optics: 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.
AADM Optics
Largest movements
- Tangible fixed assets +€40,092
up €40,092 (+10.0%), from €400,975 to €441,067
of which Assets under construction and advance payments: +€181,983
- Cash -€18,303
down €18,303 (-97.7%), from €18,737 to €433
mainly Net result for the year (-€222,601) and Investment in fixed assets (net) (-€46,730)
- Other debts +€243,315
up €243,315 (+52.1%), from €466,867 to €710,182
- Profit (loss) carried forward -€222,601
down €222,601 (-372.4%), from -€59,776 to -€282,376
- Gross operating margin -€24,409
down €24,409 (-112.5%), from -€21,690 to -€46,100
- Depreciation -€4,692
down €4,692 (-41.4%), from €11,330 to €6,638
- Other operating charges +€2,637
up €2,637 (+201.9%), from €1,306 to €3,943
- Financial charges +€2,441
up €2,441 (+10171.1%), from €24 to €2,465
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 | €420,840 | €443,577 | +€22,737 | +5.4% |
| Fixed assets | 21/28 | €400,975 | €441,067 | +€40,092 | +10.0% |
| Tangible fixed assets | 22/27 | €400,975 | €441,067 | +€40,092 | +10.0% |
| Land and buildings | 22 | €398,735 | €231,868 | -€166,868 | -41.8% |
| Plant, machinery and equipment | 23 | €393 | €0 | -€393 | -100.0% |
| Furniture and vehicles | 24 | €1,847 | €27,216 | +€25,369 | +1373.4% |
| Assets under construction and advance payments | 27 | - | €181,983 | +€181,983 | |
| Current assets | 29/58 | €19,865 | €2,510 | -€17,355 | -87.4% |
| Amounts receivable within one year | 40/41 | €576 | €0 | -€576 | -100.0% |
| Trade receivables | 40 | €68 | €0 | -€68 | -100.0% |
| Other amounts receivable | 41 | €508 | €0 | -€508 | -100.0% |
| Cash at bank and in hand | 54/58 | €18,737 | €433 | -€18,303 | -97.7% |
| Deferred charges and accrued income | 490/1 | €553 | €2,077 | +€1,524 | +275.7% |
| Total equity and liabilities | 10/49 | €420,840 | €443,577 | +€22,737 | +5.4% |
| Equity | 10/15 | -€49,776 | -€272,376 | -€222,601 | -447.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,776 | -€282,376 | -€222,601 | -372.4% |
| Amounts payable | 17/49 | €470,616 | €715,953 | +€245,337 | +52.1% |
| Amounts payable within one year | 42/48 | €470,616 | €715,953 | +€245,337 | +52.1% |
| Trade debts | 44 | €3,749 | €2,508 | -€1,241 | -33.1% |
| Suppliers | 440/4 | €3,749 | €2,508 | -€1,241 | -33.1% |
| Taxes, remuneration and social security | 45 | - | €3,263 | +€3,263 | |
| Taxes | 450/3 | - | €3,263 | +€3,263 | |
| Other amounts payable | 47/48 | €466,867 | €710,182 | +€243,315 | +52.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,330 | €6,638 | -€4,692 | -41.4% |
| Other operating charges | 640/8 | €1,306 | €3,943 | +€2,637 | +201.9% |
| Non-recurring operating charges | 66A | - | €163,376 | +€163,376 | |
| Gross operating margin | 9900 | -€21,690 | -€46,100 | -€24,409 | -112.5% |
| Operating profit (loss) | 9901 | -€34,326 | -€220,057 | -€185,731 | -541.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €24 | €2,465 | +€2,441 | +10171.1% |
| Recurring financial charges | 65 | €24 | €2,465 | +€2,441 | +10171.1% |
| Profit (loss) for the period before taxes | 9903 | -€34,350 | -€222,522 | -€188,172 | -547.8% |
| Income taxes | 67/77 | - | €79 | +€79 | |
| Profit (loss) for the period | 9904 | -€34,350 | -€222,601 | -€188,251 | -548.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,350 | -€222,601 | -€188,251 | -548.0% |
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 4 October 2026 via checked.be.