B-OPTIC: 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.
B-OPTIC
Largest movements
- Current investments +€45,872
up €45,872 (+116%), from €39,398 to €85,269
- Tangible fixed assets -€31,413
down €31,413 (-26.3%), from €119,597 to €88,184
of which Furniture and vehicles: -€23,960
- Stocks and contracts -€5,490
down €5,490 (-2.1%), from €267,494 to €262,004
- Cash +€5,051
up €5,051 (+18.7%), from €27,049 to €32,100
mainly Net result for the year (+€91,678) and Other debts (+€70,564)
- Other debts +€70,564
up €70,564 (+359%), from €19,629 to €90,193
- Debts after one year -€19,328
down €19,328 (-28.2%), from €68,654 to €49,326
- Contributions -€17,600
down €17,600 (-94.6%), from €18,600 to €1,000
- Tax, wage and social debts -€8,042
down €8,042 (-10.7%), from €75,156 to €67,114
of which Taxes: -€4,968
- Trade debts -€6,392
down €6,392 (-45.8%), from €13,959 to €7,568
- Gross operating margin +€41,328
up €41,328 (+25.5%), from €161,856 to €203,184
- Depreciation +€11,002
up €11,002 (+50.2%), from €21,903 to €32,905
- Taxes +€9,261
up €9,261 (+26.6%), from €34,861 to €44,122
- Staff costs -€5,094
down €5,094 (-14.8%), from €34,514 to €29,420
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 | €464,277 | €481,167 | +€16,890 | +3.6% |
| Fixed assets | 21/28 | €125,052 | €93,639 | -€31,413 | -25.1% |
| Tangible fixed assets | 22/27 | €119,597 | €88,184 | -€31,413 | -26.3% |
| Plant, machinery and equipment | 23 | €13,729 | €9,516 | -€4,213 | -30.7% |
| Furniture and vehicles | 24 | €96,329 | €72,369 | -€23,960 | -24.9% |
| Other tangible fixed assets | 26 | €9,539 | €6,299 | -€3,240 | -34.0% |
| Financial fixed assets | 28 | €5,455 | €5,455 | = | 0.0% |
| Current assets | 29/58 | €339,225 | €387,527 | +€48,302 | +14.2% |
| Stocks and contracts in progress | 3 | €267,494 | €262,004 | -€5,490 | -2.1% |
| Stocks | 30/36 | €267,494 | €262,004 | -€5,490 | -2.1% |
| Amounts receivable within one year | 40/41 | €1,297 | €2,207 | +€909 | +70.1% |
| Trade receivables | 40 | €1,297 | €2,207 | +€909 | +70.1% |
| Current investments | 50/53 | €39,398 | €85,269 | +€45,872 | +116% |
| Cash at bank and in hand | 54/58 | €27,049 | €32,100 | +€5,051 | +18.7% |
| Deferred charges and accrued income | 490/1 | €3,986 | €5,947 | +€1,961 | +49.2% |
| Total equity and liabilities | 10/49 | €464,277 | €481,167 | +€16,890 | +3.6% |
| Equity | 10/15 | €267,355 | €247,638 | -€19,717 | -7.4% |
| Contributions | 10/11 | €18,600 | €1,000 | -€17,600 | -94.6% |
| Reserves | 13 | €248,755 | €246,638 | -€2,117 | -0.9% |
| Distributable reserves | 133 | €248,755 | €246,638 | -€2,117 | -0.9% |
| Amounts payable | 17/49 | €196,922 | €233,528 | +€36,607 | +18.6% |
| Amounts payable after more than one year | 17 | €68,654 | €49,326 | -€19,328 | -28.2% |
| Financial debts | 170/4 | €68,654 | €49,326 | -€19,328 | -28.2% |
| Amounts payable within one year | 42/48 | €128,173 | €184,203 | +€56,030 | +43.7% |
| Current portion of amounts payable after more than one year | 42 | €19,428 | €19,328 | -€100 | -0.5% |
| Trade debts | 44 | €13,959 | €7,568 | -€6,392 | -45.8% |
| Suppliers | 440/4 | €13,959 | €7,568 | -€6,392 | -45.8% |
| Taxes, remuneration and social security | 45 | €75,156 | €67,114 | -€8,042 | -10.7% |
| Taxes | 450/3 | €68,432 | €63,463 | -€4,968 | -7.3% |
| Remuneration and social security | 454/9 | €6,724 | €3,651 | -€3,074 | -45.7% |
| Other amounts payable | 47/48 | €19,629 | €90,193 | +€70,564 | +359% |
| Accrued charges and deferred income | 492/3 | €95 | - | -€95 | |
| Non-recurring operating income | 76A | - | €2,100 | +€2,100 | |
| Remuneration, social security and pensions | 62 | €34,514 | €29,420 | -€5,094 | -14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,903 | €32,905 | +€11,002 | +50.2% |
| Other operating charges | 640/8 | €1,471 | €3,174 | +€1,702 | +116% |
| Non-recurring operating charges | 66A | - | €747 | +€747 | |
| Gross operating margin | 9900 | €161,856 | €203,184 | +€41,328 | +25.5% |
| Operating profit (loss) | 9901 | €103,968 | €136,939 | +€32,971 | +31.7% |
| Financial income | 75/76B | €1,596 | €1,875 | +€278 | +17.4% |
| Recurring financial income | 75 | €1,596 | €1,875 | +€278 | +17.4% |
| Financial charges | 65/66B | €1,734 | €3,013 | +€1,279 | +73.7% |
| Recurring financial charges | 65 | €1,734 | €3,013 | +€1,279 | +73.7% |
| Profit (loss) for the period before taxes | 9903 | €103,830 | €135,800 | +€31,970 | +30.8% |
| Income taxes | 67/77 | €34,861 | €44,122 | +€9,261 | +26.6% |
| Profit (loss) for the period | 9904 | €68,969 | €91,678 | +€22,709 | +32.9% |
| Profit (loss) for the period to be appropriated | 9905 | €68,969 | €91,678 | +€22,709 | +32.9% |
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 14 October 2026 via checked.be.