BAECKENS OPTICS: 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.
BAECKENS OPTICS
Largest movements
- Tangible fixed assets +€385,294
up €385,294 (+1,729%), from €22,283 to €407,577
of which Land and buildings: +€392,682
- Cash -€157,512
down €157,512 (-73.3%), from €214,908 to €57,396
mainly Investment in fixed assets (net) (-€448,000) and Contributions, distributions and other (-€85,714)
- Receivables within one year -€6,376
down €6,376 (-44.6%), from €14,294 to €7,918
of which Other amounts receivable: -€7,066
- Debts after one year +€361,761
new in 2025: €361,761
- Profit (loss) carried forward -€160,996
down €160,996 (-71.1%), from €226,561 to €65,565
- Current portion of long-term debt +€21,142
new in 2025: €21,142
- Depreciation +€55,318
up €55,318 (+749%), from €7,388 to €62,706
- Gross operating margin -€15,019
down €15,019 (-10.2%), from €147,744 to €132,725
- Financial charges +€12,481
up €12,481 (+15,683%), from €80 to €12,560
- Staff costs +€4,493
up €4,493 (+3.6%), from €126,533 to €131,026
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 | €357,786 | €574,778 | +€216,992 | +60.6% |
| Fixed assets | 21/28 | €23,308 | €408,602 | +€385,294 | +1,653% |
| Tangible fixed assets | 22/27 | €22,283 | €407,577 | +€385,294 | +1,729% |
| Land and buildings | 22 | - | €392,682 | +€392,682 | |
| Plant, machinery and equipment | 23 | €22,283 | €14,895 | -€7,388 | -33.2% |
| Financial fixed assets | 28 | €1,025 | €1,025 | = | 0.0% |
| Current assets | 29/58 | €334,478 | €166,177 | -€168,302 | -50.3% |
| Stocks and contracts in progress | 3 | €99,350 | €96,412 | -€2,938 | -3.0% |
| Stocks | 30/36 | €99,350 | €96,412 | -€2,938 | -3.0% |
| Amounts receivable within one year | 40/41 | €14,294 | €7,918 | -€6,376 | -44.6% |
| Trade receivables | 40 | €4,608 | €5,298 | +€689 | +15.0% |
| Other amounts receivable | 41 | €9,686 | €2,621 | -€7,066 | -72.9% |
| Cash at bank and in hand | 54/58 | €214,908 | €57,396 | -€157,512 | -73.3% |
| Deferred charges and accrued income | 490/1 | €5,925 | €4,451 | -€1,475 | -24.9% |
| Total equity and liabilities | 10/49 | €357,786 | €574,778 | +€216,992 | +60.6% |
| Equity | 10/15 | €283,674 | €122,678 | -€160,996 | -56.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €38,521 | €38,521 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,561 | €12,561 | = | 0.0% |
| Distributable reserves | 133 | €25,959 | €25,959 | = | 0.0% |
| Profit (loss) carried forward | 14 | €226,561 | €65,565 | -€160,996 | -71.1% |
| Amounts payable | 17/49 | €74,112 | €452,100 | +€377,988 | +510% |
| Amounts payable after more than one year | 17 | - | €361,761 | +€361,761 | |
| Financial debts | 170/4 | - | €361,761 | +€361,761 | |
| Amounts payable within one year | 42/48 | €74,112 | €90,339 | +€16,227 | +21.9% |
| Current portion of amounts payable after more than one year | 42 | - | €21,142 | +€21,142 | |
| Trade debts | 44 | €23,647 | €23,416 | -€232 | -1.0% |
| Suppliers | 440/4 | €23,647 | €23,416 | -€232 | -1.0% |
| Taxes, remuneration and social security | 45 | €49,402 | €45,065 | -€4,337 | -8.8% |
| Taxes | 450/3 | €26,247 | €21,169 | -€5,078 | -19.3% |
| Remuneration and social security | 454/9 | €23,155 | €23,897 | +€742 | +3.2% |
| Other amounts payable | 47/48 | €1,063 | €716 | -€347 | -32.6% |
| Non-recurring operating income | 76A | €2,066 | €826 | -€1,240 | -60.0% |
| Remuneration, social security and pensions | 62 | €126,533 | €131,026 | +€4,493 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,388 | €62,706 | +€55,318 | +749% |
| Other operating charges | 640/8 | €521 | €1,746 | +€1,226 | +235% |
| Gross operating margin | 9900 | €147,744 | €132,725 | -€15,019 | -10.2% |
| Operating profit (loss) | 9901 | €13,303 | -€62,754 | -€76,057 | |
| Financial income | 75/76B | €129 | €32 | -€97 | -75.3% |
| Recurring financial income | 75 | €129 | €32 | -€97 | -75.3% |
| Financial charges | 65/66B | €80 | €12,560 | +€12,481 | +15,683% |
| Recurring financial charges | 65 | €80 | €12,560 | +€12,481 | +15,683% |
| Profit (loss) for the period before taxes | 9903 | €13,352 | -€75,282 | -€88,634 | |
| Income taxes | 67/77 | €1,312 | -€1 | -€1,313 | |
| Profit (loss) for the period | 9904 | €12,040 | -€75,281 | -€87,322 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,040 | -€75,281 | -€87,322 |
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 21 October 2026 via checked.be.