DESO OPTICS: 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.
DESO OPTICS
Largest movements
- Tangible fixed assets +€47,921
up €47,921 (+6.5%), from €733,879 to €781,800
of which Land and buildings: +€71,633
- Cash -€46,780
down €46,780 (-34.5%), from €135,537 to €88,758
mainly Contributions, distributions and other (-€113,935) and Investment in fixed assets (net) (-€95,000)
- Other debts +€82,436
up €82,436 (+432%), from €19,075 to €101,511
- Debts after one year -€53,428
down €53,428 (-15.5%), from €345,449 to €292,021
- Reserves -€34,414
down €34,414 (-7.2%), from €478,997 to €444,583
- Staff costs +€34,113
new in 2025: €34,113
- Gross operating margin +€32,581
up €32,581 (+19.2%), from €169,479 to €202,060
- Depreciation +€2,751
up €2,751 (+6.4%), from €42,728 to €45,479
- Taxes -€2,274
down €2,274 (-7.3%), from €31,147 to €28,873
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 | €929,316 | €939,706 | +€10,390 | +1.1% |
| Fixed assets | 21/28 | €733,879 | €783,400 | +€49,521 | +6.7% |
| Tangible fixed assets | 22/27 | €733,879 | €781,800 | +€47,921 | +6.5% |
| Land and buildings | 22 | €665,975 | €737,608 | +€71,633 | +10.8% |
| Plant, machinery and equipment | 23 | €11,338 | €4,836 | -€6,501 | -57.3% |
| Furniture and vehicles | 24 | €56,567 | €39,356 | -€17,211 | -30.4% |
| Financial fixed assets | 28 | - | €1,600 | +€1,600 | |
| Current assets | 29/58 | €195,437 | €156,306 | -€39,131 | -20.0% |
| Stocks and contracts in progress | 3 | €49,932 | €55,844 | +€5,912 | +11.8% |
| Stocks | 30/36 | €49,932 | €55,844 | +€5,912 | +11.8% |
| Amounts receivable within one year | 40/41 | €7,023 | €8,879 | +€1,856 | +26.4% |
| Trade receivables | 40 | €2,666 | €2,534 | -€132 | -4.9% |
| Other amounts receivable | 41 | €4,357 | €6,344 | +€1,987 | +45.6% |
| Cash at bank and in hand | 54/58 | €135,537 | €88,758 | -€46,780 | -34.5% |
| Deferred charges and accrued income | 490/1 | €2,945 | €2,826 | -€119 | -4.0% |
| Total equity and liabilities | 10/49 | €929,316 | €939,706 | +€10,390 | +1.1% |
| Equity | 10/15 | €497,597 | €463,183 | -€34,414 | -6.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €478,997 | €444,583 | -€34,414 | -7.2% |
| Distributable reserves | 133 | €478,997 | €444,583 | -€34,414 | -7.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €431,719 | €476,524 | +€44,804 | +10.4% |
| Amounts payable after more than one year | 17 | €345,449 | €292,021 | -€53,428 | -15.5% |
| Financial debts | 170/4 | €345,449 | €292,021 | -€53,428 | -15.5% |
| Amounts payable within one year | 42/48 | €86,270 | €184,503 | +€98,233 | +114% |
| Current portion of amounts payable after more than one year | 42 | €52,335 | €53,428 | +€1,093 | +2.1% |
| Financial debts | 43 | - | €3,167 | +€3,167 | |
| Credit institutions | 430/8 | - | €3,167 | +€3,167 | |
| Trade debts | 44 | €7,153 | €16,259 | +€9,106 | +127% |
| Suppliers | 440/4 | €7,153 | €16,259 | +€9,106 | +127% |
| Taxes, remuneration and social security | 45 | €7,707 | €10,138 | +€2,431 | +31.5% |
| Taxes | 450/3 | €7,707 | €5,785 | -€1,922 | -24.9% |
| Remuneration and social security | 454/9 | - | €4,353 | +€4,353 | |
| Other amounts payable | 47/48 | €19,075 | €101,511 | +€82,436 | +432% |
| Non-recurring operating income | 76A | €1,206 | €0 | -€1,206 | -100% |
| Remuneration, social security and pensions | 62 | - | €34,113 | +€34,113 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,728 | €45,479 | +€2,751 | +6.4% |
| Other operating charges | 640/8 | €6,300 | €6,722 | +€422 | +6.7% |
| Gross operating margin | 9900 | €169,479 | €202,060 | +€32,581 | +19.2% |
| Operating profit (loss) | 9901 | €120,451 | €115,746 | -€4,705 | -3.9% |
| Financial income | 75/76B | €1,108 | €1,412 | +€305 | +27.5% |
| Recurring financial income | 75 | €1,108 | €1,412 | +€305 | +27.5% |
| Financial charges | 65/66B | €10,499 | €8,764 | -€1,735 | -16.5% |
| Recurring financial charges | 65 | €10,499 | €8,764 | -€1,735 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €111,059 | €108,394 | -€2,666 | -2.4% |
| Income taxes | 67/77 | €31,147 | €28,873 | -€2,274 | -7.3% |
| Profit (loss) for the period | 9904 | €79,912 | €79,521 | -€391 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €79,912 | €79,521 | -€391 | -0.5% |
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 15 October 2026 via checked.be.