BROADCAST & 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.
BROADCAST & OPTICS
Largest movements
- Cash -€686,334
down €686,334 (-58.6%), from €1.2m to €484,497
mainly Current investments (-€600,000) and Trade debts (-€92,158)
- Current investments +€600,000
new in 2025: €600,000
- Tangible fixed assets -€16,075
down €16,075 (-19.5%), from €82,366 to €66,291
of which Plant, machinery and equipment: -€8,800
- Trade debts -€92,158
down €92,158 (-74.2%), from €124,267 to €32,109
- Tax, wage and social debts -€32,188
down €32,188 (-82.3%), from €39,118 to €6,930
of which Taxes: -€24,919
- Reserves +€22,742
up €22,742 (+1.9%), from €1.2m to €1.2m
- Gross operating margin -€512,107
down €512,107 (-90.8%), from €564,189 to €52,082
- Taxes -€158,212
down €158,212 (-93.5%), from €169,232 to €11,020
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 | €1,377,578 | €1,275,923 | -€101,656 | -7.4% |
| Fixed assets | 21/28 | €83,066 | €66,991 | -€16,075 | -19.4% |
| Tangible fixed assets | 22/27 | €82,366 | €66,291 | -€16,075 | -19.5% |
| Land and buildings | 22 | €58,952 | €50,751 | -€8,201 | -13.9% |
| Plant, machinery and equipment | 23 | €21,334 | €12,534 | -€8,800 | -41.2% |
| Furniture and vehicles | 24 | €2,079 | €3,006 | +€927 | +44.6% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €1,294,512 | €1,208,931 | -€85,581 | -6.6% |
| Amounts receivable within one year | 40/41 | €120,685 | €122,953 | +€2,268 | +1.9% |
| Trade receivables | 40 | €77,264 | €37,289 | -€39,974 | -51.7% |
| Other amounts receivable | 41 | €43,422 | €85,664 | +€42,242 | +97.3% |
| Current investments | 50/53 | - | €600,000 | +€600,000 | |
| Cash at bank and in hand | 54/58 | €1,170,832 | €484,497 | -€686,334 | -58.6% |
| Deferred charges and accrued income | 490/1 | €2,995 | €1,481 | -€1,515 | -50.6% |
| Total equity and liabilities | 10/49 | €1,377,578 | €1,275,923 | -€101,656 | -7.4% |
| Equity | 10/15 | €1,212,475 | €1,235,217 | +€22,742 | +1.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,193,234 | €1,215,976 | +€22,742 | +1.9% |
| Distributable reserves | 133 | €1,193,234 | €1,215,976 | +€22,742 | +1.9% |
| Profit (loss) carried forward | 14 | €649 | €649 | = | 0.0% |
| Amounts payable | 17/49 | €165,103 | €40,706 | -€124,398 | -75.3% |
| Amounts payable within one year | 42/48 | €165,103 | €40,706 | -€124,398 | -75.3% |
| Trade debts | 44 | €124,267 | €32,109 | -€92,158 | -74.2% |
| Suppliers | 440/4 | €124,267 | €32,109 | -€92,158 | -74.2% |
| Taxes, remuneration and social security | 45 | €39,118 | €6,930 | -€32,188 | -82.3% |
| Taxes | 450/3 | €31,849 | €6,930 | -€24,919 | -78.2% |
| Remuneration and social security | 454/9 | €7,269 | €0 | -€7,269 | -100.0% |
| Other amounts payable | 47/48 | €1,718 | €1,666 | -€52 | -3.0% |
| Remuneration, social security and pensions | 62 | €25 | €0 | -€25 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,086 | €18,223 | -€862 | -4.5% |
| Other operating charges | 640/8 | €2,395 | €2,990 | +€595 | +24.8% |
| Gross operating margin | 9900 | €564,189 | €52,082 | -€512,107 | -90.8% |
| Operating profit (loss) | 9901 | €542,683 | €30,868 | -€511,815 | -94.3% |
| Financial income | 75/76B | €1,800 | €5,385 | +€3,585 | +199.1% |
| Recurring financial income | 75 | €1,800 | €5,385 | +€3,585 | +199.1% |
| Financial charges | 65/66B | €888 | €826 | -€62 | -7.0% |
| Recurring financial charges | 65 | €888 | €826 | -€62 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €543,595 | €35,428 | -€508,168 | -93.5% |
| Income taxes | 67/77 | €169,232 | €11,020 | -€158,212 | -93.5% |
| Profit (loss) for the period | 9904 | €374,364 | €24,408 | -€349,956 | -93.5% |
| Profit (loss) for the period to be appropriated | 9905 | €374,364 | €24,408 | -€349,956 | -93.5% |
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 3 October 2026 via checked.be.