H&L OPTIC: 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.
H&L OPTIC
Largest movements
- Tangible fixed assets -€32,389
down €32,389 (-30.6%), from €105,974 to €73,585
of which Furniture and vehicles: -€31,361
- Intangible fixed assets -€27,187
down €27,187 (-10.5%), from €258,201 to €231,014
- Cash -€20,984
down €20,984 (-94.7%), from €22,147 to €1,163
mainly Debts after one year (-€55,599) and Current portion of long-term debt (-€17,462)
- Stocks and contracts +€14,016
up €14,016 (+18.9%), from €74,297 to €88,313
- Debts after one year -€55,599
down €55,599 (-19.1%), from €290,775 to €235,176
- Current portion of long-term debt -€17,462
down €17,462 (-23.2%), from €75,204 to €57,742
- Tax, wage and social debts +€8,943
up €8,943 (+87.5%), from €10,216 to €19,159
of which Remuneration and social security: +€6,250
- Short-term financial debts +€7,519
new in 2025: €7,519
- Gross operating margin +€58,552
up €58,552 (+64.8%), from €90,316 to €148,867
- Staff costs +€38,190
up €38,190 (+139.1%), from €27,461 to €65,652
- Depreciation +€34,054
up €34,054 (+127.8%), from €26,654 to €60,708
- Write-downs +€11,844
new in 2025: €11,844
- Financial charges +€6,236
up €6,236 (+88.7%), from €7,027 to €13,263
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 | €468,639 | €402,667 | -€65,972 | -14.1% |
| Fixed assets | 21/28 | €369,335 | €309,760 | -€59,576 | -16.1% |
| Intangible fixed assets | 21 | €258,201 | €231,014 | -€27,187 | -10.5% |
| Tangible fixed assets | 22/27 | €105,974 | €73,585 | -€32,389 | -30.6% |
| Furniture and vehicles | 24 | €101,014 | €69,653 | -€31,361 | -31.0% |
| Other tangible fixed assets | 26 | €4,960 | €3,932 | -€1,028 | -20.7% |
| Financial fixed assets | 28 | €5,160 | €5,160 | = | 0.0% |
| Current assets | 29/58 | €99,303 | €92,907 | -€6,396 | -6.4% |
| Stocks and contracts in progress | 3 | €74,297 | €88,313 | +€14,016 | +18.9% |
| Stocks | 30/36 | €74,297 | €88,313 | +€14,016 | +18.9% |
| Amounts receivable within one year | 40/41 | €2,740 | €3,229 | +€489 | +17.8% |
| Trade receivables | 40 | €919 | €3,229 | +€2,310 | +251.3% |
| Other amounts receivable | 41 | €1,821 | €0 | -€1,821 | -100.0% |
| Cash at bank and in hand | 54/58 | €22,147 | €1,163 | -€20,984 | -94.7% |
| Deferred charges and accrued income | 490/1 | €119 | €203 | +€83 | +69.6% |
| Total equity and liabilities | 10/49 | €468,639 | €402,667 | -€65,972 | -14.1% |
| Equity | 10/15 | €30,520 | €26,985 | -€3,535 | -11.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €20,520 | €20,520 | = | 0.0% |
| Distributable reserves | 133 | €20,520 | €20,520 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€3,535 | -€3,535 | |
| Amounts payable | 17/49 | €438,118 | €375,682 | -€62,437 | -14.3% |
| Amounts payable after more than one year | 17 | €290,775 | €235,176 | -€55,599 | -19.1% |
| Financial debts | 170/4 | €290,775 | €235,176 | -€55,599 | -19.1% |
| Amounts payable within one year | 42/48 | €144,704 | €140,195 | -€4,508 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €75,204 | €57,742 | -€17,462 | -23.2% |
| Financial debts | 43 | - | €7,519 | +€7,519 | |
| Credit institutions | 430/8 | - | €7,519 | +€7,519 | |
| Trade debts | 44 | €33,632 | €34,177 | +€545 | +1.6% |
| Suppliers | 440/4 | €33,632 | €34,177 | +€545 | +1.6% |
| Taxes, remuneration and social security | 45 | €10,216 | €19,159 | +€8,943 | +87.5% |
| Taxes | 450/3 | €6,547 | €9,240 | +€2,693 | +41.1% |
| Remuneration and social security | 454/9 | €3,669 | €9,919 | +€6,250 | +170.3% |
| Other amounts payable | 47/48 | €25,652 | €21,598 | -€4,054 | -15.8% |
| Accrued charges and deferred income | 492/3 | €2,640 | €311 | -€2,329 | -88.2% |
| Remuneration, social security and pensions | 62 | €27,461 | €65,652 | +€38,190 | +139.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,654 | €60,708 | +€34,054 | +127.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €11,844 | +€11,844 | |
| Other operating charges | 640/8 | €3,468 | €743 | -€2,725 | -78.6% |
| Gross operating margin | 9900 | €90,316 | €148,867 | +€58,552 | +64.8% |
| Operating profit (loss) | 9901 | €32,733 | €9,921 | -€22,812 | -69.7% |
| Financial charges | 65/66B | €7,027 | €13,263 | +€6,236 | +88.7% |
| Recurring financial charges | 65 | €7,027 | €13,263 | +€6,236 | +88.7% |
| Profit (loss) for the period before taxes | 9903 | €25,706 | -€3,342 | -€29,048 | |
| Income taxes | 67/77 | €5,186 | €193 | -€4,992 | -96.3% |
| Profit (loss) for the period | 9904 | €20,520 | -€3,535 | -€24,056 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,520 | -€3,535 | -€24,056 |
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 10 October 2026 via checked.be.