ED OPTIQUE: 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.
ED OPTIQUE
Largest movements
- Receivables within one year +€20,116
up €20,116 (+35.4%), from €56,864 to €76,979
of which Other amounts receivable: +€19,728
- Tangible fixed assets -€12,675
down €12,675 (-54.3%), from €23,352 to €10,678
of which Furniture and vehicles: -€8,377
- Cash +€5,987
up €5,987 (+10.9%), from €54,892 to €60,879
mainly Other debts (+€43,200) and Trade debts (+€15,752)
- Stocks and contracts +€5,102
up €5,102 (+12.1%), from €42,071 to €47,173
- Other debts +€43,200
up €43,200, from €0 to €43,200
- Reserves -€29,800
down €29,800 (-37.6%), from €79,338 to €49,538
of which Distributable reserves: -€29,800
- Trade debts +€15,752
up €15,752 (+67.8%), from €23,216 to €38,968
- Debts after one year -€6,325
down €6,325 (-70.4%), from €8,984 to €2,659
- Current portion of long-term debt -€3,829
down €3,829 (-37.7%), from €10,154 to €6,325
- Gross operating margin +€22,189
up €22,189 (+19.8%), from €112,295 to €134,485
- Staff costs +€13,083
up €13,083 (+15.5%), from €84,399 to €97,482
- Depreciation -€6,156
down €6,156 (-29.9%), from €20,617 to €14,461
- Taxes +€3,594
up €3,594 (+155.6%), from €2,310 to €5,904
- Write-downs +€2,592
up €2,592, from -€1,291 to €1,301
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 | €178,802 | €198,011 | +€19,210 | +10.7% |
| Fixed assets | 21/28 | €23,352 | €10,678 | -€12,675 | -54.3% |
| Tangible fixed assets | 22/27 | €23,352 | €10,678 | -€12,675 | -54.3% |
| Plant, machinery and equipment | 23 | €6,133 | €1,835 | -€4,298 | -70.1% |
| Furniture and vehicles | 24 | €17,220 | €8,843 | -€8,377 | -48.6% |
| Current assets | 29/58 | €155,449 | €187,334 | +€31,884 | +20.5% |
| Stocks and contracts in progress | 3 | €42,071 | €47,173 | +€5,102 | +12.1% |
| Stocks | 30/36 | €42,071 | €47,173 | +€5,102 | +12.1% |
| Amounts receivable within one year | 40/41 | €56,864 | €76,979 | +€20,116 | +35.4% |
| Trade receivables | 40 | €158 | €545 | +€387 | +244.7% |
| Other amounts receivable | 41 | €56,705 | €76,434 | +€19,728 | +34.8% |
| Cash at bank and in hand | 54/58 | €54,892 | €60,879 | +€5,987 | +10.9% |
| Deferred charges and accrued income | 490/1 | €1,622 | €2,302 | +€680 | +41.9% |
| Total equity and liabilities | 10/49 | €178,802 | €198,011 | +€19,210 | +10.7% |
| Equity | 10/15 | €104,447 | €74,729 | -€29,717 | -28.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €79,338 | €49,538 | -€29,800 | -37.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €11,138 | €11,138 | = | 0.0% |
| Distributable reserves | 133 | €68,200 | €38,400 | -€29,800 | -43.7% |
| Profit (loss) carried forward | 14 | €109 | €192 | +€83 | +75.7% |
| Amounts payable | 17/49 | €74,355 | €123,282 | +€48,927 | +65.8% |
| Amounts payable after more than one year | 17 | €8,984 | €2,659 | -€6,325 | -70.4% |
| Financial debts | 170/4 | €8,984 | €2,659 | -€6,325 | -70.4% |
| Amounts payable within one year | 42/48 | €64,849 | €120,003 | +€55,153 | +85.0% |
| Current portion of amounts payable after more than one year | 42 | €10,154 | €6,325 | -€3,829 | -37.7% |
| Trade debts | 44 | €23,216 | €38,968 | +€15,752 | +67.8% |
| Suppliers | 440/4 | €23,216 | €38,968 | +€15,752 | +67.8% |
| Taxes, remuneration and social security | 45 | €31,480 | €31,510 | +€31 | +0.1% |
| Taxes | 450/3 | €9,427 | €6,421 | -€3,006 | -31.9% |
| Remuneration and social security | 454/9 | €22,053 | €25,090 | +€3,036 | +13.8% |
| Other amounts payable | 47/48 | €0 | €43,200 | +€43,200 | |
| Accrued charges and deferred income | 492/3 | €521 | €620 | +€99 | +18.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €84,399 | €97,482 | +€13,083 | +15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,617 | €14,461 | -€6,156 | -29.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,291 | €1,301 | +€2,592 | |
| Other operating charges | 640/8 | €1,514 | €1,875 | +€361 | +23.8% |
| Gross operating margin | 9900 | €112,295 | €134,485 | +€22,189 | +19.8% |
| Operating profit (loss) | 9901 | €7,055 | €19,365 | +€12,310 | +174.5% |
| Financial income | 75/76B | €1,614 | €2,055 | +€441 | +27.3% |
| Recurring financial income | 75 | €1,614 | €2,055 | +€441 | +27.3% |
| Financial charges | 65/66B | €2,174 | €2,033 | -€141 | -6.5% |
| Recurring financial charges | 65 | €2,174 | €2,033 | -€141 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €6,495 | €19,386 | +€12,891 | +198.5% |
| Income taxes | 67/77 | €2,310 | €5,904 | +€3,594 | +155.6% |
| Profit (loss) for the period | 9904 | €4,185 | €13,483 | +€9,297 | +222.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,185 | €13,483 | +€9,297 | +222.1% |
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 2 October 2026 via checked.be.