BOGAERT OPTIEK: 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.
BOGAERT OPTIEK
Largest movements
- Tangible fixed assets -€79,539
down €79,539 (-9.1%), from €871,073 to €791,535
- Stocks and contracts +€21,025
up €21,025 (+35.7%), from €58,976 to €80,001
- Cash -€16,232
down €16,232 (-4.8%), from €335,892 to €319,660
mainly Contributions, distributions and other (-€110,000) and Debts after one year (-€96,500)
- Debts after one year -€96,500
down €96,500 (-14.4%), from €667,906 to €571,406
- Reserves -€33,922
down €33,922 (-7.4%), from €457,507 to €423,585
of which Distributable reserves: -€33,922
- Current portion of long-term debt +€17,074
up €17,074 (+26.4%), from €64,636 to €81,710
- Tax, wage and social debts +€15,704
up €15,704 (+39.2%), from €40,060 to €55,764
- Trade debts +€14,949
up €14,949 (+62.6%), from €23,878 to €38,827
- Gross operating margin -€24,500
down €24,500 (-8.3%), from €293,577 to €269,077
- Staff costs +€15,729
up €15,729 (+75.0%), from €20,968 to €36,696
- Depreciation +€11,751
up €11,751 (+13.4%), from €87,990 to €99,741
- Taxes -€11,738
down €11,738 (-29.4%), from €39,921 to €28,184
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 | €1,296,088 | €1,215,344 | -€80,744 | -6.2% |
| Fixed assets | 21/28 | €871,073 | €791,535 | -€79,539 | -9.1% |
| Tangible fixed assets | 22/27 | €871,073 | €791,535 | -€79,539 | -9.1% |
| Land and buildings | 22 | €626,411 | €604,320 | -€22,091 | -3.5% |
| Plant, machinery and equipment | 23 | €4,940 | €9,296 | +€4,355 | +88.2% |
| Furniture and vehicles | 24 | €98,024 | €73,521 | -€24,503 | -25.0% |
| Other tangible fixed assets | 26 | €141,698 | €104,397 | -€37,300 | -26.3% |
| Current assets | 29/58 | €425,015 | €423,809 | -€1,206 | -0.3% |
| Stocks and contracts in progress | 3 | €58,976 | €80,001 | +€21,025 | +35.7% |
| Stocks | 30/36 | €58,976 | €80,001 | +€21,025 | +35.7% |
| Amounts receivable within one year | 40/41 | €30,147 | €24,148 | -€5,999 | -19.9% |
| Trade receivables | 40 | €18,699 | €4,724 | -€13,975 | -74.7% |
| Other amounts receivable | 41 | €11,448 | €19,424 | +€7,976 | +69.7% |
| Cash at bank and in hand | 54/58 | €335,892 | €319,660 | -€16,232 | -4.8% |
| Total equity and liabilities | 10/49 | €1,296,088 | €1,215,344 | -€80,744 | -6.2% |
| Equity | 10/15 | €492,507 | €458,585 | -€33,922 | -6.9% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €457,507 | €423,585 | -€33,922 | -7.4% |
| Non-distributable reserves | 130/1 | €3,500 | €3,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,500 | €3,500 | = | 0.0% |
| Distributable reserves | 133 | €454,007 | €420,085 | -€33,922 | -7.5% |
| Amounts payable | 17/49 | €803,581 | €756,758 | -€46,823 | -5.8% |
| Amounts payable after more than one year | 17 | €667,906 | €571,406 | -€96,500 | -14.4% |
| Financial debts | 170/4 | €667,906 | €571,406 | -€96,500 | -14.4% |
| Amounts payable within one year | 42/48 | €135,675 | €185,352 | +€49,677 | +36.6% |
| Current portion of amounts payable after more than one year | 42 | €64,636 | €81,710 | +€17,074 | +26.4% |
| Financial debts | 43 | €1,878 | - | -€1,878 | |
| Credit institutions | 430/8 | €1,878 | - | -€1,878 | |
| Trade debts | 44 | €23,878 | €38,827 | +€14,949 | +62.6% |
| Suppliers | 440/4 | €23,878 | €38,827 | +€14,949 | +62.6% |
| Taxes, remuneration and social security | 45 | €40,060 | €55,764 | +€15,704 | +39.2% |
| Taxes | 450/3 | €40,060 | €55,764 | +€15,704 | +39.2% |
| Other amounts payable | 47/48 | €5,223 | €9,051 | +€3,829 | +73.3% |
| Remuneration, social security and pensions | 62 | €20,968 | €36,696 | +€15,729 | +75.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,990 | €99,741 | +€11,751 | +13.4% |
| Other operating charges | 640/8 | €7,087 | €7,456 | +€369 | +5.2% |
| Non-recurring operating charges | 66A | €8,610 | - | -€8,610 | |
| Gross operating margin | 9900 | €293,577 | €269,077 | -€24,500 | -8.3% |
| Operating profit (loss) | 9901 | €168,923 | €125,184 | -€43,739 | -25.9% |
| Financial income | 75/76B | €2,642 | €1,494 | -€1,148 | -43.4% |
| Recurring financial income | 75 | €2,642 | €1,494 | -€1,148 | -43.4% |
| Financial charges | 65/66B | €24,589 | €22,416 | -€2,173 | -8.8% |
| Recurring financial charges | 65 | €24,589 | €22,416 | -€2,173 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €146,975 | €104,262 | -€42,714 | -29.1% |
| Income taxes | 67/77 | €39,921 | €28,184 | -€11,738 | -29.4% |
| Profit (loss) for the period | 9904 | €107,054 | €76,078 | -€30,976 | -28.9% |
| Profit (loss) for the period to be appropriated | 9905 | €107,054 | €76,078 | -€30,976 | -28.9% |
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 27 October 2026 via checked.be.