HV OPTO: what changed
What changed
HV OPTO
NACE 71.209, Other technical testing and analysis
filed annual accounts (NBB)
Net result for the year
€29,414
2024 · €6,729+€22,686
Equity
€79,264
2024 · €49,850+€29,414
Cash
€12,848
2024 · €3,205+€9,643
Balance sheet total
€490,347
2024 · €507,670-€17,324
Largest movements
Assets
- Tangible fixed assets -€15,411
down €15,411 (-3.6%), from €426,512 to €411,101
of which Land and buildings: -€14,797
- Cash +€9,643
up €9,643 (+301%), from €3,205 to €12,848
mainly Net result for the year (+€29,414) and Depreciation (+€26,230)
Equity and liabilities
- Debts after one year -€39,201
down €39,201 (-10.9%), from €358,258 to €319,057
- Profit (loss) carried forward +€29,414
up €29,414 (+321%), from €9,150 to €38,564
- Tax, wage and social debts -€9,793
down €9,793 (-58.2%), from €16,839 to €7,046
of which Remuneration and social security: -€5,441
Income statement
- Gross operating margin +€12,580
up €12,580 (+13.0%), from €96,513 to €109,093
- Staff costs -€11,993
down €11,993 (-21.8%), from €54,909 to €42,916
- Other operating charges +€1,997
up €1,997 (+328%), from €609 to €2,605
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€6,729
Gross operating margin
+€12,580
Staff costs
+€11,993
Depreciation
-€448
Write-downs
+€486
Other operating charges
-€1,997
Financial income
-€92
Financial charges
+€338
Taxes
-€175
Result 2025
€29,414
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€54,017
Investment
-€5,819
Financing
-€38,556
Cash 2024
€3,205
From operations (derived)
+€54,017
Net result for the year
+€29,414
Depreciation
+€26,230
Stocks and contracts
+€3,748
Receivables within one year
+€4,047
Deferred charges and accrued income
-€1,239
Trade debts
+€2,331
Tax, wage and social debts
-€9,793
Other debts
-€721
Investment (derived)
-€5,819
Investment in fixed assets (net)
-€5,819
Financing
-€38,556
Debts after one year
-€39,201
Current portion of long-term debt
+€645
Cash 2025
€12,848
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €507,670 | €490,347 | -€17,324 | -3.4% |
| Fixed assets | 21/28 | €446,837 | €426,426 | -€20,411 | -4.6% |
| Intangible fixed assets | 21 | €20,000 | €15,000 | -€5,000 | -25.0% |
| Tangible fixed assets | 22/27 | €426,512 | €411,101 | -€15,411 | -3.6% |
| Land and buildings | 22 | €399,681 | €384,883 | -€14,797 | -3.7% |
| Plant, machinery and equipment | 23 | €14,900 | €16,398 | +€1,498 | +10.1% |
| Furniture and vehicles | 24 | €11,932 | €9,820 | -€2,111 | -17.7% |
| Financial fixed assets | 28 | €325 | €325 | = | 0.0% |
| Current assets | 29/58 | €60,833 | €63,920 | +€3,087 | +5.1% |
| Stocks and contracts in progress | 3 | €52,380 | €48,633 | -€3,748 | -7.2% |
| Stocks | 30/36 | €52,380 | €48,633 | -€3,748 | -7.2% |
| Amounts receivable within one year | 40/41 | €4,438 | €391 | -€4,047 | -91.2% |
| Trade receivables | 40 | €3,580 | €0 | -€3,580 | -100% |
| Other amounts receivable | 41 | €858 | €391 | -€467 | -54.4% |
| Cash at bank and in hand | 54/58 | €3,205 | €12,848 | +€9,643 | +301% |
| Deferred charges and accrued income | 490/1 | €809 | €2,048 | +€1,239 | +153% |
| Total equity and liabilities | 10/49 | €507,670 | €490,347 | -€17,324 | -3.4% |
| Equity | 10/15 | €49,850 | €79,264 | +€29,414 | +59.0% |
| Contributions | 10/11 | €37,000 | €37,000 | = | 0.0% |
| Reserves | 13 | €3,700 | €3,700 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €3,700 | €3,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,150 | €38,564 | +€29,414 | +321% |
| Amounts payable | 17/49 | €457,821 | €411,082 | -€46,738 | -10.2% |
| Amounts payable after more than one year | 17 | €358,258 | €319,057 | -€39,201 | -10.9% |
| Financial debts | 170/4 | €358,258 | €319,057 | -€39,201 | -10.9% |
| Amounts payable within one year | 42/48 | €99,563 | €92,026 | -€7,537 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | €38,556 | €39,201 | +€645 | +1.7% |
| Trade debts | 44 | €11,535 | €13,866 | +€2,331 | +20.2% |
| Suppliers | 440/4 | €11,535 | €13,866 | +€2,331 | +20.2% |
| Taxes, remuneration and social security | 45 | €16,839 | €7,046 | -€9,793 | -58.2% |
| Taxes | 450/3 | €7,615 | €3,263 | -€4,352 | -57.2% |
| Remuneration and social security | 454/9 | €9,224 | €3,783 | -€5,441 | -59.0% |
| Other amounts payable | 47/48 | €32,634 | €31,913 | -€721 | -2.2% |
| Remuneration, social security and pensions | 62 | €54,909 | €42,916 | -€11,993 | -21.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,782 | €26,230 | +€448 | +1.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €588 | €101 | -€486 | -82.7% |
| Other operating charges | 640/8 | €609 | €2,605 | +€1,997 | +328% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €96,513 | €109,093 | +€12,580 | +13.0% |
| Operating profit (loss) | 9901 | €14,626 | €37,241 | +€22,615 | +155% |
| Financial income | 75/76B | €1,394 | €1,301 | -€92 | -6.6% |
| Recurring financial income | 75 | €1,394 | €1,301 | -€92 | -6.6% |
| Financial charges | 65/66B | €9,135 | €8,797 | -€338 | -3.7% |
| Recurring financial charges | 65 | €9,135 | €8,797 | -€338 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | €6,885 | €29,745 | +€22,861 | +332% |
| Income taxes | 67/77 | €156 | €331 | +€175 | +112% |
| Profit (loss) for the period | 9904 | €6,729 | €29,414 | +€22,686 | +337% |
| Profit (loss) for the period to be appropriated | 9905 | €6,729 | €29,414 | +€22,686 | +337% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.