EDGAR Optique: 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.
EDGAR Optique
Largest movements
- Receivables within one year -€111,664
down €111,664 (-72.1%), from €154,830 to €43,166
of which Trade receivables: -€104,660
- Tangible fixed assets -€45,920
down €45,920 (-17.7%), from €258,893 to €212,973
of which Other tangible fixed assets: -€24,448
- Stocks and contracts +€34,768
up €34,768 (+18.1%), from €192,024 to €226,792
- Cash +€24,430
up €24,430 (+11.7%), from €208,781 to €233,211
mainly Net result for the year (+€148,806) and Other debts (+€147,689)
- Intangible fixed assets -€9,985
down €9,985 (-100.0%), from €9,985 to €0
- Other debts +€147,689
up €147,689 (+132.2%), from €111,681 to €259,370
- Profit (loss) carried forward -€101,194
down €101,194 (-35.7%), from €283,508 to €182,314
- Trade debts -€95,729
down €95,729 (-47.1%), from €203,267 to €107,539
- Debts after one year -€46,169
down €46,169 (-28.0%), from €165,043 to €118,874
of which Trade debts: -€23,480
- Tax, wage and social debts -€9,718
down €9,718 (-37.2%), from €26,099 to €16,381
of which Taxes: -€11,927
- Gross operating margin +€54,801
up €54,801 (+17.7%), from €310,109 to €364,910
- Write-downs +€32,082
up €32,082, from -€21,690 to €10,392
- Staff costs +€13,123
up €13,123 (+18.6%), from €70,697 to €83,820
- Depreciation +€4,378
up €4,378 (+7.9%), from €55,438 to €59,816
- Taxes +€3,650
up €3,650 (+8.3%), from €43,970 to €47,620
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 | €838,168 | €734,219 | -€103,949 | -12.4% |
| Fixed assets | 21/28 | €278,787 | €222,882 | -€55,905 | -20.1% |
| Intangible fixed assets | 21 | €9,985 | €0 | -€9,985 | -100.0% |
| Tangible fixed assets | 22/27 | €258,893 | €212,973 | -€45,920 | -17.7% |
| Plant, machinery and equipment | 23 | €49,302 | €28,372 | -€20,930 | -42.5% |
| Furniture and vehicles | 24 | €12,162 | €8,996 | -€3,166 | -26.0% |
| Other tangible fixed assets | 26 | €197,428 | €172,980 | -€24,448 | -12.4% |
| Assets under construction and advance payments | 27 | - | €2,625 | +€2,625 | |
| Financial fixed assets | 28 | €9,909 | €9,909 | = | 0.0% |
| Current assets | 29/58 | €559,382 | €511,337 | -€48,045 | -8.6% |
| Stocks and contracts in progress | 3 | €192,024 | €226,792 | +€34,768 | +18.1% |
| Stocks | 30/36 | €192,024 | €226,792 | +€34,768 | +18.1% |
| Amounts receivable within one year | 40/41 | €154,830 | €43,166 | -€111,664 | -72.1% |
| Trade receivables | 40 | €139,503 | €34,843 | -€104,660 | -75.0% |
| Other amounts receivable | 41 | €15,327 | €8,323 | -€7,003 | -45.7% |
| Cash at bank and in hand | 54/58 | €208,781 | €233,211 | +€24,430 | +11.7% |
| Deferred charges and accrued income | 490/1 | €3,747 | €8,167 | +€4,420 | +118.0% |
| Total equity and liabilities | 10/49 | €838,168 | €734,219 | -€103,949 | -12.4% |
| Equity | 10/15 | €302,108 | €200,914 | -€101,194 | -33.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €283,508 | €182,314 | -€101,194 | -35.7% |
| Amounts payable | 17/49 | €536,060 | €533,305 | -€2,755 | -0.5% |
| Amounts payable after more than one year | 17 | €165,043 | €118,874 | -€46,169 | -28.0% |
| Financial debts | 170/4 | €94,602 | €71,913 | -€22,689 | -24.0% |
| Trade debts | 175 | €70,441 | €46,961 | -€23,480 | -33.3% |
| Amounts payable within one year | 42/48 | €364,826 | €412,243 | +€47,417 | +13.0% |
| Current portion of amounts payable after more than one year | 42 | €22,290 | €22,689 | +€399 | +1.8% |
| Financial debts | 43 | €1,488 | €6,264 | +€4,776 | +321.0% |
| Credit institutions | 430/8 | €1,488 | €6,264 | +€4,776 | +321.0% |
| Trade debts | 44 | €203,267 | €107,539 | -€95,729 | -47.1% |
| Suppliers | 440/4 | €203,267 | €107,539 | -€95,729 | -47.1% |
| Taxes, remuneration and social security | 45 | €26,099 | €16,381 | -€9,718 | -37.2% |
| Taxes | 450/3 | €17,241 | €5,314 | -€11,927 | -69.2% |
| Remuneration and social security | 454/9 | €8,858 | €11,067 | +€2,209 | +24.9% |
| Other amounts payable | 47/48 | €111,681 | €259,370 | +€147,689 | +132.2% |
| Accrued charges and deferred income | 492/3 | €6,191 | €2,189 | -€4,002 | -64.6% |
| Non-recurring operating income | 76A | €11,883 | €744 | -€11,139 | -93.7% |
| Remuneration, social security and pensions | 62 | €70,697 | €83,820 | +€13,123 | +18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,438 | €59,816 | +€4,378 | +7.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€21,690 | €10,392 | +€32,082 | |
| Other operating charges | 640/8 | €972 | €1,087 | +€115 | +11.8% |
| Non-recurring operating charges | 66A | €10,002 | €5,306 | -€4,696 | -47.0% |
| Gross operating margin | 9900 | €310,109 | €364,910 | +€54,801 | +17.7% |
| Operating profit (loss) | 9901 | €194,690 | €204,489 | +€9,799 | +5.0% |
| Financial income | 75/76B | €4,558 | €4,294 | -€264 | -5.8% |
| Recurring financial income | 75 | €4,558 | €4,294 | -€264 | -5.8% |
| Financial charges | 65/66B | €14,980 | €12,358 | -€2,622 | -17.5% |
| Recurring financial charges | 65 | €14,980 | €12,358 | -€2,622 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €184,268 | €196,425 | +€12,157 | +6.6% |
| Income taxes | 67/77 | €43,970 | €47,620 | +€3,650 | +8.3% |
| Profit (loss) for the period | 9904 | €140,299 | €148,806 | +€8,507 | +6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €140,299 | €148,806 | +€8,507 | +6.1% |
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 11 October 2026 via checked.be.