Balman 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.
Balman Optics
Largest movements
- Cash -€41,557
down €41,557 (-32.9%), from €126,138 to €84,580
mainly Contributions, distributions and other (-€104,750) and Current investments (-€36,000)
- Tangible fixed assets -€41,279
down €41,279 (-21.8%), from €189,078 to €147,800
of which Furniture and vehicles: -€28,020
- Current investments +€36,000
up €36,000 (+10.8%), from €332,805 to €368,804
- Receivables within one year -€10,509
down €10,509 (-15.1%), from €69,802 to €59,293
of which Other amounts receivable: -€6,401
- Reserves -€50,766
down €50,766 (-11.6%), from €439,293 to €388,526
of which Distributable reserves: -€35,089
- Other debts +€37,800
up €37,800 (+54.5%), from €69,301 to €107,100
- Tax, wage and social debts -€17,107
down €17,107 (-17.7%), from €96,446 to €79,338
of which Remuneration and social security: -€12,846
- Debts after one year -€14,774
down €14,774 (-46.2%), from €31,955 to €17,181
- Trade debts -€7,556
down €7,556 (-13.7%), from €55,143 to €47,587
- Staff costs +€8,609
up €8,609 (+2.3%), from €368,598 to €377,208
- Depreciation -€7,443
down €7,443 (-15.3%), from €48,722 to €41,279
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 | €718,058 | €660,712 | -€57,345 | -8.0% |
| Fixed assets | 21/28 | €189,313 | €148,035 | -€41,279 | -21.8% |
| Tangible fixed assets | 22/27 | €189,078 | €147,800 | -€41,279 | -21.8% |
| Land and buildings | 22 | €114,886 | €103,721 | -€11,165 | -9.7% |
| Furniture and vehicles | 24 | €71,354 | €43,334 | -€28,020 | -39.3% |
| Other tangible fixed assets | 26 | €2,839 | €745 | -€2,093 | -73.7% |
| Financial fixed assets | 28 | €235 | €235 | = | 0.0% |
| Current assets | 29/58 | €528,744 | €512,677 | -€16,067 | -3.0% |
| Amounts receivable within one year | 40/41 | €69,802 | €59,293 | -€10,509 | -15.1% |
| Trade receivables | 40 | €63,401 | €59,293 | -€4,108 | -6.5% |
| Other amounts receivable | 41 | €6,401 | - | -€6,401 | |
| Current investments | 50/53 | €332,805 | €368,804 | +€36,000 | +10.8% |
| Cash at bank and in hand | 54/58 | €126,138 | €84,580 | -€41,557 | -32.9% |
| Total equity and liabilities | 10/49 | €718,058 | €660,712 | -€57,345 | -8.0% |
| Equity | 10/15 | €445,498 | €394,732 | -€50,766 | -11.4% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Outside capital | 11 | €6,205 | €6,205 | = | 0.0% |
| Other | 1109/19 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €439,293 | €388,526 | -€50,766 | -11.6% |
| Non-distributable reserves | 130/1 | €15,677 | - | -€15,677 | |
| Reserves not available under the articles | 1311 | €15,677 | - | -€15,677 | |
| Distributable reserves | 133 | €423,615 | €388,526 | -€35,089 | -8.3% |
| Amounts payable | 17/49 | €272,560 | €265,981 | -€6,579 | -2.4% |
| Amounts payable after more than one year | 17 | €31,955 | €17,181 | -€14,774 | -46.2% |
| Financial debts | 170/4 | €31,955 | €17,181 | -€14,774 | -46.2% |
| Amounts payable within one year | 42/48 | €240,605 | €248,799 | +€8,195 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €19,716 | €14,774 | -€4,942 | -25.1% |
| Trade debts | 44 | €55,143 | €47,587 | -€7,556 | -13.7% |
| Suppliers | 440/4 | €55,143 | €47,587 | -€7,556 | -13.7% |
| Taxes, remuneration and social security | 45 | €96,446 | €79,338 | -€17,107 | -17.7% |
| Taxes | 450/3 | €61,058 | €56,796 | -€4,262 | -7.0% |
| Remuneration and social security | 454/9 | €35,388 | €22,542 | -€12,846 | -36.3% |
| Other amounts payable | 47/48 | €69,301 | €107,100 | +€37,800 | +54.5% |
| Remuneration, social security and pensions | 62 | €368,598 | €377,208 | +€8,609 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,722 | €41,279 | -€7,443 | -15.3% |
| Other operating charges | 640/8 | €2,424 | €2,398 | -€26 | -1.1% |
| Gross operating margin | 9900 | €511,021 | €512,302 | +€1,282 | +0.3% |
| Operating profit (loss) | 9901 | €91,277 | €91,419 | +€141 | +0.2% |
| Financial income | 75/76B | €595 | €678 | +€84 | +14.1% |
| Recurring financial income | 75 | €595 | €678 | +€84 | +14.1% |
| Financial charges | 65/66B | €1,524 | €2,884 | +€1,359 | +89.2% |
| Recurring financial charges | 65 | €1,524 | €2,884 | +€1,359 | +89.2% |
| Profit (loss) for the period before taxes | 9903 | €90,347 | €89,213 | -€1,134 | -1.3% |
| Income taxes | 67/77 | €31,450 | €35,229 | +€3,779 | +12.0% |
| Profit (loss) for the period | 9904 | €58,897 | €53,984 | -€4,913 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €58,897 | €53,984 | -€4,913 | -8.3% |
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.