CAPPELLE OPTICIEN: 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.
CAPPELLE OPTICIEN
Largest movements
- Cash +€65,624
up €65,624 (+41.2%), from €159,343 to €224,967
mainly Net result for the year (+€127,724) and Depreciation (+€36,702)
- Stocks and contracts +€38,641
up €38,641 (+15.2%), from €254,477 to €293,118
- Tangible fixed assets -€32,412
down €32,412 (-38.2%), from €84,937 to €52,524
of which Other tangible fixed assets: -€19,686
- Receivables within one year +€16,358
up €16,358 (+80.0%), from €20,437 to €36,795
of which Other amounts receivable: +€36,773
- Reserves +€127,724
up €127,724 (+60.5%), from €211,072 to €338,795
of which Distributable reserves: +€64,574
- Other debts -€45,041
no longer reported in 2025 (was €45,041)
- Debts after one year -€20,344
down €20,344 (-33.7%), from €60,430 to €40,086
- Accrued charges and deferred income +€15,000
new in 2025: €15,000
- Trade debts +€10,673
up €10,673 (+22.0%), from €48,584 to €59,257
- Gross operating margin +€69,403
up €69,403 (+14.8%), from €468,634 to €538,038
- Staff costs +€23,762
up €23,762 (+8.1%), from €292,862 to €316,624
- Taxes +€17,093
up €17,093 (+54.6%), from €31,322 to €48,415
- Write-downs -€16,798
down €16,798, from €15,894 to -€905
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 | €523,225 | €612,224 | +€88,999 | +17.0% |
| Fixed assets | 21/28 | €84,962 | €52,549 | -€32,412 | -38.1% |
| Tangible fixed assets | 22/27 | €84,937 | €52,524 | -€32,412 | -38.2% |
| Plant, machinery and equipment | 23 | €23,356 | €11,411 | -€11,945 | -51.1% |
| Furniture and vehicles | 24 | €2,522 | €1,741 | -€781 | -31.0% |
| Other tangible fixed assets | 26 | €59,059 | €39,373 | -€19,686 | -33.3% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €438,263 | €559,674 | +€121,411 | +27.7% |
| Stocks and contracts in progress | 3 | €254,477 | €293,118 | +€38,641 | +15.2% |
| Stocks | 30/36 | €254,477 | €293,118 | +€38,641 | +15.2% |
| Amounts receivable within one year | 40/41 | €20,437 | €36,795 | +€16,358 | +80.0% |
| Trade receivables | 40 | €20,437 | €22 | -€20,415 | -99.9% |
| Other amounts receivable | 41 | - | €36,773 | +€36,773 | |
| Cash at bank and in hand | 54/58 | €159,343 | €224,967 | +€65,624 | +41.2% |
| Deferred charges and accrued income | 490/1 | €4,006 | €4,794 | +€788 | +19.7% |
| Total equity and liabilities | 10/49 | €523,225 | €612,224 | +€88,999 | +17.0% |
| Equity | 10/15 | €243,933 | €371,657 | +€127,724 | +52.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €211,072 | €338,795 | +€127,724 | +60.5% |
| Tax-exempt reserves | 132 | - | €63,150 | +€63,150 | |
| Distributable reserves | 133 | €211,072 | €275,645 | +€64,574 | +30.6% |
| Profit (loss) carried forward | 14 | €14,269 | €14,269 | = | 0.0% |
| Amounts payable | 17/49 | €279,293 | €240,567 | -€38,725 | -13.9% |
| Amounts payable after more than one year | 17 | €60,430 | €40,086 | -€20,344 | -33.7% |
| Financial debts | 170/4 | €60,430 | €40,086 | -€20,344 | -33.7% |
| Amounts payable within one year | 42/48 | €218,863 | €185,482 | -€33,381 | -15.3% |
| Financial debts | 43 | €28,923 | €22,148 | -€6,775 | -23.4% |
| Credit institutions | 430/8 | €28,923 | €22,148 | -€6,775 | -23.4% |
| Trade debts | 44 | €48,584 | €59,257 | +€10,673 | +22.0% |
| Suppliers | 440/4 | €48,584 | €59,257 | +€10,673 | +22.0% |
| Taxes, remuneration and social security | 45 | €96,315 | €104,077 | +€7,763 | +8.1% |
| Taxes | 450/3 | €51,154 | €45,670 | -€5,484 | -10.7% |
| Remuneration and social security | 454/9 | €45,161 | €58,408 | +€13,247 | +29.3% |
| Other amounts payable | 47/48 | €45,041 | - | -€45,041 | |
| Accrued charges and deferred income | 492/3 | - | €15,000 | +€15,000 | |
| Remuneration, social security and pensions | 62 | €292,862 | €316,624 | +€23,762 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,015 | €36,702 | -€314 | -0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,894 | -€905 | -€16,798 | |
| Other operating charges | 640/8 | €1,388 | €4,772 | +€3,384 | +244% |
| Gross operating margin | 9900 | €468,634 | €538,038 | +€69,403 | +14.8% |
| Operating profit (loss) | 9901 | €121,476 | €180,845 | +€59,369 | +48.9% |
| Financial income | 75/76B | €5,954 | €6,435 | +€480 | +8.1% |
| Recurring financial income | 75 | €5,954 | €6,435 | +€480 | +8.1% |
| Financial charges | 65/66B | €10,072 | €11,140 | +€1,068 | +10.6% |
| Recurring financial charges | 65 | €10,072 | €11,140 | +€1,068 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | €117,358 | €176,139 | +€58,781 | +50.1% |
| Income taxes | 67/77 | €31,322 | €48,415 | +€17,093 | +54.6% |
| Profit (loss) for the period | 9904 | €86,036 | €127,724 | +€41,688 | +48.5% |
| Transfer to tax-exempt reserves | 689 | - | €63,150 | +€63,150 | |
| Profit (loss) for the period to be appropriated | 9905 | €86,036 | €64,574 | -€21,462 | -24.9% |
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 17 October 2026 via checked.be.