HUGON OPTICIENS: 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.
HUGON OPTICIENS
Largest movements
- Cash +€9,332
up €9,332 (+16.6%), from €56,239 to €65,571
mainly Net result for the year (+€24,965) and Depreciation (+€9,101)
- Stocks and contracts +€9,209
up €9,209 (+17.4%), from €52,906 to €62,115
- Tangible fixed assets -€7,630
down €7,630 (-8.8%), from €86,945 to €79,316
of which Land and buildings: -€4,569
- Receivables within one year -€2,265
down €2,265 (-22.4%), from €10,123 to €7,858
of which Trade receivables: -€2,281
- Reserves +€24,900
up €24,900 (+34.0%), from €73,200 to €98,100
of which Distributable reserves: +€24,900
- Profit (loss) carried forward -€19,935
down €19,935 (-28.7%), from €69,365 to €49,430
- Tax, wage and social debts +€6,730
up €6,730 (+35.1%), from €19,196 to €25,926
- Trade debts -€2,673
down €2,673 (-46.7%), from €5,725 to €3,052
- Gross operating margin -€19,257
down €19,257 (-26.7%), from €72,036 to €52,780
- Taxes -€6,572
down €6,572 (-34.2%), from €19,201 to €12,629
- Depreciation +€1,895
up €1,895 (+26.3%), from €7,205 to €9,101
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 | €207,487 | €216,508 | +€9,021 | +4.3% |
| Fixed assets | 21/28 | €86,945 | €79,316 | -€7,630 | -8.8% |
| Tangible fixed assets | 22/27 | €86,945 | €79,316 | -€7,630 | -8.8% |
| Land and buildings | 22 | €67,982 | €63,413 | -€4,569 | -6.7% |
| Plant, machinery and equipment | 23 | €428 | €220 | -€209 | -48.7% |
| Furniture and vehicles | 24 | €18,535 | €15,683 | -€2,852 | -15.4% |
| Current assets | 29/58 | €120,542 | €137,193 | +€16,651 | +13.8% |
| Stocks and contracts in progress | 3 | €52,906 | €62,115 | +€9,209 | +17.4% |
| Stocks | 30/36 | €52,906 | €62,115 | +€9,209 | +17.4% |
| Amounts receivable within one year | 40/41 | €10,123 | €7,858 | -€2,265 | -22.4% |
| Trade receivables | 40 | €2,281 | €0 | -€2,281 | -100% |
| Other amounts receivable | 41 | €7,843 | €7,858 | +€15 | +0.2% |
| Cash at bank and in hand | 54/58 | €56,239 | €65,571 | +€9,332 | +16.6% |
| Deferred charges and accrued income | 490/1 | €1,273 | €1,649 | +€375 | +29.5% |
| Total equity and liabilities | 10/49 | €207,487 | €216,508 | +€9,021 | +4.3% |
| Equity | 10/15 | €162,565 | €167,530 | +€4,965 | +3.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €73,200 | €98,100 | +€24,900 | +34.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €71,200 | €96,100 | +€24,900 | +35.0% |
| Profit (loss) carried forward | 14 | €69,365 | €49,430 | -€19,935 | -28.7% |
| Amounts payable | 17/49 | €44,922 | €48,978 | +€4,056 | +9.0% |
| Amounts payable within one year | 42/48 | €44,922 | €48,978 | +€4,056 | +9.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €5,725 | €3,052 | -€2,673 | -46.7% |
| Suppliers | 440/4 | €5,725 | €3,052 | -€2,673 | -46.7% |
| Taxes, remuneration and social security | 45 | €19,196 | €25,926 | +€6,730 | +35.1% |
| Taxes | 450/3 | €19,196 | €25,926 | +€6,730 | +35.1% |
| Other amounts payable | 47/48 | €20,000 | €20,000 | = | 0.0% |
| Non-recurring operating income | 76A | €12,810 | €0 | -€12,810 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,205 | €9,101 | +€1,895 | +26.3% |
| Other operating charges | 640/8 | €5,790 | €5,693 | -€97 | -1.7% |
| Gross operating margin | 9900 | €72,036 | €52,780 | -€19,257 | -26.7% |
| Operating profit (loss) | 9901 | €59,041 | €37,986 | -€21,054 | -35.7% |
| Financial income | 75/76B | €31 | €652 | +€621 | +2,020% |
| Recurring financial income | 75 | €31 | €652 | +€621 | +2,020% |
| Financial charges | 65/66B | €663 | €1,044 | +€381 | +57.4% |
| Recurring financial charges | 65 | €663 | €1,044 | +€381 | +57.4% |
| Profit (loss) for the period before taxes | 9903 | €58,408 | €37,594 | -€20,814 | -35.6% |
| Income taxes | 67/77 | €19,201 | €12,629 | -€6,572 | -34.2% |
| Profit (loss) for the period | 9904 | €39,207 | €24,965 | -€14,242 | -36.3% |
| Profit (loss) for the period to be appropriated | 9905 | €39,207 | €24,965 | -€14,242 | -36.3% |
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 20 October 2026 via checked.be.