BW-OPTIX: 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.
BW-OPTIX
Largest movements
- Receivables after one year +€34,000
new in 2025: €34,000
- Tangible fixed assets -€20,121
down €20,121 (-4.7%), from €427,514 to €407,393
of which Other tangible fixed assets: -€223,156
- Receivables within one year -€16,026
no longer reported in 2025 (was €16,026)
of which Trade receivables: -€12,604
- Cash +€7,589
up €7,589 (+31.0%), from €24,442 to €32,031
mainly Net result for the year (+€58,235) and Other debts (+€35,284)
- Debts after one year -€35,657
down €35,657 (-32.9%), from €108,236 to €72,579
- Other debts +€35,284
up €35,284 (+146.3%), from €24,117 to €59,401
- Reserves +€11,242
up €11,242 (+3.9%), from €285,170 to €296,412
- Gross operating margin +€4,100
up €4,100 (+3.2%), from €126,623 to €130,723
- Financial charges -€3,660
down €3,660 (-38.1%), from €9,601 to €5,942
- Taxes +€2,188
up €2,188 (+8.4%), from €25,996 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.
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 | €468,482 | €474,254 | +€5,772 | +1.2% |
| Fixed assets | 21/28 | €427,514 | €407,393 | -€20,121 | -4.7% |
| Tangible fixed assets | 22/27 | €427,514 | €407,393 | -€20,121 | -4.7% |
| Land and buildings | 22 | €131,496 | €323,835 | +€192,339 | +146.3% |
| Furniture and vehicles | 24 | €14,386 | €25,082 | +€10,696 | +74.4% |
| Other tangible fixed assets | 26 | €281,633 | €58,477 | -€223,156 | -79.2% |
| Current assets | 29/58 | €40,968 | €66,861 | +€25,893 | +63.2% |
| Amounts receivable after more than one year | 29 | - | €34,000 | +€34,000 | |
| Other amounts receivable | 291 | - | €34,000 | +€34,000 | |
| Amounts receivable within one year | 40/41 | €16,026 | - | -€16,026 | |
| Trade receivables | 40 | €12,604 | - | -€12,604 | |
| Other amounts receivable | 41 | €3,421 | - | -€3,421 | |
| Cash at bank and in hand | 54/58 | €24,442 | €32,031 | +€7,589 | +31.0% |
| Deferred charges and accrued income | 490/1 | €500 | €830 | +€330 | +66.0% |
| Total equity and liabilities | 10/49 | €468,482 | €474,254 | +€5,772 | +1.2% |
| Equity | 10/15 | €291,170 | €302,412 | +€11,242 | +3.9% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €285,170 | €296,412 | +€11,242 | +3.9% |
| Distributable reserves | 133 | €285,170 | €296,412 | +€11,242 | +3.9% |
| Amounts payable | 17/49 | €177,312 | €171,842 | -€5,470 | -3.1% |
| Amounts payable after more than one year | 17 | €108,236 | €72,579 | -€35,657 | -32.9% |
| Financial debts | 170/4 | €108,236 | €72,579 | -€35,657 | -32.9% |
| Amounts payable within one year | 42/48 | €64,679 | €96,863 | +€32,184 | +49.8% |
| Current portion of amounts payable after more than one year | 42 | €39,290 | €35,658 | -€3,632 | -9.2% |
| Trade debts | 44 | €112 | €121 | +€8 | +7.5% |
| Suppliers | 440/4 | €112 | €121 | +€8 | +7.5% |
| Taxes, remuneration and social security | 45 | €1,160 | €1,684 | +€524 | +45.2% |
| Taxes | 450/3 | €1,160 | €1,684 | +€524 | +45.2% |
| Other amounts payable | 47/48 | €24,117 | €59,401 | +€35,284 | +146.3% |
| Accrued charges and deferred income | 492/3 | €4,397 | €2,400 | -€1,997 | -45.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,592 | €33,735 | +€143 | +0.4% |
| Other operating charges | 640/8 | €4,785 | €4,945 | +€160 | +3.3% |
| Gross operating margin | 9900 | €126,623 | €130,723 | +€4,100 | +3.2% |
| Operating profit (loss) | 9901 | €88,246 | €92,043 | +€3,797 | +4.3% |
| Financial income | 75/76B | - | €318 | +€318 | |
| Recurring financial income | 75 | - | €318 | +€318 | |
| Financial charges | 65/66B | €9,601 | €5,942 | -€3,660 | -38.1% |
| Recurring financial charges | 65 | €9,601 | €5,942 | -€3,660 | -38.1% |
| Profit (loss) for the period before taxes | 9903 | €78,645 | €86,419 | +€7,775 | +9.9% |
| Income taxes | 67/77 | €25,996 | €28,184 | +€2,188 | +8.4% |
| Profit (loss) for the period | 9904 | €52,648 | €58,235 | +€5,587 | +10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €52,648 | €58,235 | +€5,587 | +10.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.