LENSFACTORY: what changed
Two fiscal 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.
LENSFACTORY
Largest movements
- Cash -€103,368
down €103,368 (-48.3%), from €213,830 to €110,462
mainly Short-term financial debts (-€150,000) and Other debts (-€85,878)
- Receivables within one year +€30,634
up €30,634 (+10.7%), from €287,110 to €317,743
of which Trade receivables: +€71,496
- Short-term financial debts -€150,000
down €150,000 (-60.0%), from €250,000 to €100,000
- Reserves +€143,175
up €143,175 (+35.1%), from €407,455 to €550,630
of which Distributable reserves: +€143,175
- Other debts -€85,878
no longer reported in 2025 (was €85,878)
- Trade debts -€39,745
down €39,745 (-42.0%), from €94,704 to €54,959
- Profit (loss) carried forward +€21,769
no longer reported in 2025 (was -€21,769)
- Gross operating margin +€213,512
up €213,512 (+46.8%), from €455,762 to €669,274
- Taxes +€57,155
up €57,155 (+1204.6%), from €4,745 to €61,900
- Staff costs -€15,436
down €15,436 (-3.7%), from €415,986 to €400,550
- Financial charges -€12,754
down €12,754 (-49.5%), from €25,760 to €13,006
- Depreciation +€8,140
up €8,140 (+83.8%), from €9,717 to €17,857
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 | €936,692 | €859,369 | -€77,323 | -8.3% |
| Fixed assets | 21/28 | €26,160 | €22,113 | -€4,047 | -15.5% |
| Intangible fixed assets | 21 | €1,950 | €1,300 | -€650 | -33.3% |
| Tangible fixed assets | 22/27 | €24,210 | €20,813 | -€3,397 | -14.0% |
| Plant, machinery and equipment | 23 | €19,850 | €15,457 | -€4,393 | -22.1% |
| Furniture and vehicles | 24 | €4,360 | €5,356 | +€996 | +22.8% |
| Current assets | 29/58 | €910,532 | €837,257 | -€73,275 | -8.0% |
| Stocks and contracts in progress | 3 | €404,297 | €398,197 | -€6,100 | -1.5% |
| Stocks | 30/36 | €404,297 | €398,197 | -€6,100 | -1.5% |
| Amounts receivable within one year | 40/41 | €287,110 | €317,743 | +€30,634 | +10.7% |
| Trade receivables | 40 | €169,038 | €240,534 | +€71,496 | +42.3% |
| Other amounts receivable | 41 | €118,072 | €77,209 | -€40,862 | -34.6% |
| Cash at bank and in hand | 54/58 | €213,830 | €110,462 | -€103,368 | -48.3% |
| Deferred charges and accrued income | 490/1 | €5,294 | €10,854 | +€5,559 | +105.0% |
| Total equity and liabilities | 10/49 | €936,692 | €859,369 | -€77,323 | -8.3% |
| Equity | 10/15 | €447,187 | €612,130 | +€164,944 | +36.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €407,455 | €550,630 | +€143,175 | +35.1% |
| Non-distributable reserves | 130/1 | €88,046 | €88,046 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Other | 1319 | €81,896 | €81,896 | = | 0.0% |
| Distributable reserves | 133 | €319,409 | €462,584 | +€143,175 | +44.8% |
| Profit (loss) carried forward | 14 | -€21,769 | - | +€21,769 | |
| Amounts payable | 17/49 | €489,506 | €247,239 | -€242,267 | -49.5% |
| Amounts payable within one year | 42/48 | €489,506 | €247,239 | -€242,267 | -49.5% |
| Current portion of amounts payable after more than one year | 42 | - | €17,523 | +€17,523 | |
| Financial debts | 43 | €250,000 | €100,000 | -€150,000 | -60.0% |
| Credit institutions | 430/8 | €250,000 | €100,000 | -€150,000 | -60.0% |
| Trade debts | 44 | €94,704 | €54,959 | -€39,745 | -42.0% |
| Suppliers | 440/4 | €94,704 | €54,959 | -€39,745 | -42.0% |
| Taxes, remuneration and social security | 45 | €58,923 | €74,757 | +€15,834 | +26.9% |
| Taxes | 450/3 | €13,885 | €39,739 | +€25,854 | +186.2% |
| Remuneration and social security | 454/9 | €45,038 | €35,018 | -€10,020 | -22.2% |
| Other amounts payable | 47/48 | €85,878 | - | -€85,878 | |
| Remuneration, social security and pensions | 62 | €415,986 | €400,550 | -€15,436 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,717 | €17,857 | +€8,140 | +83.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€819 | -€819 | |
| Other operating charges | 640/8 | €16,716 | €13,882 | -€2,834 | -17.0% |
| Gross operating margin | 9900 | €455,762 | €669,274 | +€213,512 | +46.8% |
| Operating profit (loss) | 9901 | €13,344 | €237,804 | +€224,460 | +1682.2% |
| Financial income | 75/76B | €1,992 | €2,046 | +€54 | +2.7% |
| Recurring financial income | 75 | €1,992 | €2,046 | +€54 | +2.7% |
| Financial charges | 65/66B | €25,760 | €13,006 | -€12,754 | -49.5% |
| Recurring financial charges | 65 | €25,760 | €13,006 | -€12,754 | -49.5% |
| Profit (loss) for the period before taxes | 9903 | -€10,425 | €226,844 | +€237,268 | |
| Income taxes | 67/77 | €4,745 | €61,900 | +€57,155 | +1204.6% |
| Profit (loss) for the period | 9904 | -€15,169 | €164,944 | +€180,113 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,169 | €164,944 | +€180,113 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.