IT-OPTICS: 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.
IT-OPTICS
Largest movements
- Current investments -€120,000
no longer reported in 2025 (was €120,000)
- Tangible fixed assets -€113,509
down €113,509 (-17.7%), from €641,567 to €528,057
of which Land and buildings: -€80,387
- Receivables within one year -€91,813
down €91,813 (-17.9%), from €512,266 to €420,453
of which Trade receivables: -€95,287
- Intangible fixed assets +€70,260
up €70,260 (+1,012%), from €6,940 to €77,200
- Debts after one year -€354,163
down €354,163 (-52.2%), from €679,080 to €324,918
of which Financial debts: -€230,538
- Current portion of long-term debt +€125,733
up €125,733 (+120%), from €104,805 to €230,538
- Short-term financial debts +€41,493
up €41,493 (+29.1%), from €142,487 to €183,979
- Trade debts -€31,351
down €31,351 (-38.8%), from €80,826 to €49,475
- Accrued charges and deferred income -€17,789
no longer reported in 2025 (was €17,789)
- Gross operating margin -€97,541
down €97,541 (-11.4%), from €853,965 to €756,425
- Staff costs -€82,119
down €82,119 (-12.7%), from €648,095 to €565,976
- Depreciation +€8,788
up €8,788 (+7.7%), from €114,202 to €122,990
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 | €1,494,201 | €1,246,694 | -€247,507 | -16.6% |
| Fixed assets | 21/28 | €677,697 | €634,447 | -€43,250 | -6.4% |
| Intangible fixed assets | 21 | €6,940 | €77,200 | +€70,260 | +1,012% |
| Tangible fixed assets | 22/27 | €641,567 | €528,057 | -€113,509 | -17.7% |
| Land and buildings | 22 | €527,384 | €446,997 | -€80,387 | -15.2% |
| Plant, machinery and equipment | 23 | €90,519 | €64,564 | -€25,955 | -28.7% |
| Furniture and vehicles | 24 | €23,663 | €16,496 | -€7,168 | -30.3% |
| Financial fixed assets | 28 | €29,190 | €29,190 | = | 0.0% |
| Current assets | 29/58 | €816,504 | €612,247 | -€204,257 | -25.0% |
| Amounts receivable within one year | 40/41 | €512,266 | €420,453 | -€91,813 | -17.9% |
| Trade receivables | 40 | €472,807 | €377,520 | -€95,287 | -20.2% |
| Other amounts receivable | 41 | €39,459 | €42,932 | +€3,474 | +8.8% |
| Current investments | 50/53 | €120,000 | - | -€120,000 | |
| Cash at bank and in hand | 54/58 | €177,425 | €187,310 | +€9,885 | +5.6% |
| Deferred charges and accrued income | 490/1 | €6,813 | €4,484 | -€2,330 | -34.2% |
| Total equity and liabilities | 10/49 | €1,494,201 | €1,246,694 | -€247,507 | -16.6% |
| Equity | 10/15 | €340,613 | €346,960 | +€6,347 | +1.9% |
| Contributions | 10/11 | €363,000 | €363,000 | = | 0.0% |
| Capital | 10 | €363,000 | €363,000 | = | 0.0% |
| Issued capital | 100 | €363,000 | €363,000 | = | 0.0% |
| Revaluation surpluses | 12 | €169,903 | €152,915 | -€16,988 | -10.0% |
| Reserves | 13 | €86,444 | €103,431 | +€16,988 | +19.7% |
| Non-distributable reserves | 130/1 | €86,444 | €103,431 | +€16,988 | +19.7% |
| Legal reserve | 130 | €18,521 | €18,521 | = | 0.0% |
| Reserves not available under the articles | 1311 | €67,923 | €84,910 | +€16,988 | +25.0% |
| Profit (loss) carried forward | 14 | -€307,799 | -€293,492 | +€14,307 | +4.6% |
| Investment grants | 15 | €29,066 | €21,105 | -€7,960 | -27.4% |
| Amounts payable | 17/49 | €1,153,588 | €899,734 | -€253,854 | -22.0% |
| Amounts payable after more than one year | 17 | €679,080 | €324,918 | -€354,163 | -52.2% |
| Financial debts | 170/4 | €490,828 | €260,290 | -€230,538 | -47.0% |
| Other amounts payable | 178/9 | €188,252 | €64,627 | -€123,625 | -65.7% |
| Amounts payable within one year | 42/48 | €456,719 | €574,816 | +€118,097 | +25.9% |
| Current portion of amounts payable after more than one year | 42 | €104,805 | €230,538 | +€125,733 | +120% |
| Financial debts | 43 | €142,487 | €183,979 | +€41,493 | +29.1% |
| Credit institutions | 430/8 | €142,487 | €183,979 | +€41,493 | +29.1% |
| Trade debts | 44 | €80,826 | €49,475 | -€31,351 | -38.8% |
| Suppliers | 440/4 | €80,826 | €49,475 | -€31,351 | -38.8% |
| Taxes, remuneration and social security | 45 | €78,601 | €60,824 | -€17,777 | -22.6% |
| Taxes | 450/3 | €19,842 | €14,395 | -€5,446 | -27.4% |
| Remuneration and social security | 454/9 | €58,760 | €46,429 | -€12,331 | -21.0% |
| Other amounts payable | 47/48 | €50,000 | €50,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €17,789 | - | -€17,789 | |
| Remuneration, social security and pensions | 62 | €648,095 | €565,976 | -€82,119 | -12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,202 | €122,990 | +€8,788 | +7.7% |
| Other operating charges | 640/8 | €24,254 | €21,517 | -€2,737 | -11.3% |
| Gross operating margin | 9900 | €853,965 | €756,425 | -€97,541 | -11.4% |
| Operating profit (loss) | 9901 | €67,415 | €45,942 | -€21,473 | -31.9% |
| Financial income | 75/76B | €8,917 | €8,826 | -€91 | -1.0% |
| Recurring financial income | 75 | €8,917 | €8,826 | -€91 | -1.0% |
| Financial charges | 65/66B | €31,324 | €30,712 | -€612 | -2.0% |
| Recurring financial charges | 65 | €31,324 | €30,712 | -€612 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | €45,007 | €24,055 | -€20,952 | -46.6% |
| Income taxes | 67/77 | €4,394 | €9,749 | +€5,354 | +122% |
| Profit (loss) for the period | 9904 | €40,613 | €14,307 | -€26,306 | -64.8% |
| Profit (loss) for the period to be appropriated | 9905 | €40,613 | €14,307 | -€26,306 | -64.8% |
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 13 October 2026 via checked.be.