LIEKENS 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.
LIEKENS OPTICS
Largest movements
- Cash +€21,733
up €21,733 (+32.2%), from €67,568 to €89,301
mainly Net result for the year (+€45,304) and Depreciation (+€34,868)
- Reserves +€45,304
up €45,304 (+25.4%), from €178,380 to €223,684
- Debts after one year -€20,631
down €20,631 (-12.3%), from €167,449 to €146,818
of which Financial debts: -€12,888
- Gross operating margin +€38,206
up €38,206 (+58.3%), from €65,545 to €103,751
- Taxes +€12,863
up €12,863 (+146%), from €8,787 to €21,650
- Depreciation +€5,029
up €5,029 (+16.9%), from €29,839 to €34,868
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 | €391,489 | €413,952 | +€22,463 | +5.7% |
| Fixed assets | 21/28 | €254,597 | €255,432 | +€835 | +0.3% |
| Tangible fixed assets | 22/27 | €254,597 | €255,432 | +€835 | +0.3% |
| Land and buildings | 22 | €93,175 | €89,552 | -€3,623 | -3.9% |
| Plant, machinery and equipment | 23 | €160,342 | €135,947 | -€24,395 | -15.2% |
| Furniture and vehicles | 24 | €1,080 | €29,933 | +€28,853 | +2,672% |
| Current assets | 29/58 | €136,892 | €158,520 | +€21,628 | +15.8% |
| Stocks and contracts in progress | 3 | €65,478 | €64,037 | -€1,441 | -2.2% |
| Stocks | 30/36 | €65,478 | €64,037 | -€1,441 | -2.2% |
| Amounts receivable within one year | 40/41 | - | €850 | +€850 | |
| Other amounts receivable | 41 | - | €850 | +€850 | |
| Cash at bank and in hand | 54/58 | €67,568 | €89,301 | +€21,733 | +32.2% |
| Deferred charges and accrued income | 490/1 | €3,846 | €4,332 | +€486 | +12.6% |
| Total equity and liabilities | 10/49 | €391,489 | €413,952 | +€22,463 | +5.7% |
| Equity | 10/15 | €196,980 | €242,284 | +€45,304 | +23.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €178,380 | €223,684 | +€45,304 | +25.4% |
| Distributable reserves | 133 | €178,380 | €223,684 | +€45,304 | +25.4% |
| Amounts payable | 17/49 | €194,509 | €171,668 | -€22,841 | -11.7% |
| Amounts payable after more than one year | 17 | €167,449 | €146,818 | -€20,631 | -12.3% |
| Financial debts | 170/4 | €143,078 | €130,190 | -€12,888 | -9.0% |
| Other amounts payable | 178/9 | €24,371 | €16,628 | -€7,743 | -31.8% |
| Amounts payable within one year | 42/48 | €27,060 | €24,850 | -€2,210 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €12,718 | €12,889 | +€171 | +1.3% |
| Trade debts | 44 | €9,003 | €5,936 | -€3,067 | -34.1% |
| Suppliers | 440/4 | €9,003 | €5,936 | -€3,067 | -34.1% |
| Taxes, remuneration and social security | 45 | €5,339 | €6,025 | +€686 | +12.8% |
| Taxes | 450/3 | €5,339 | €6,025 | +€686 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,839 | €34,868 | +€5,029 | +16.9% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €65,545 | €103,751 | +€38,206 | +58.3% |
| Operating profit (loss) | 9901 | €35,588 | €68,763 | +€33,175 | +93.2% |
| Financial income | 75/76B | €457 | €270 | -€187 | -40.9% |
| Recurring financial income | 75 | €457 | €270 | -€187 | -40.9% |
| Financial charges | 65/66B | €2,247 | €2,079 | -€168 | -7.5% |
| Recurring financial charges | 65 | €2,247 | €2,079 | -€168 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €33,798 | €66,954 | +€33,156 | +98.1% |
| Income taxes | 67/77 | €8,787 | €21,650 | +€12,863 | +146% |
| Profit (loss) for the period | 9904 | €25,011 | €45,304 | +€20,293 | +81.1% |
| Profit (loss) for the period to be appropriated | 9905 | €25,011 | €45,304 | +€20,293 | +81.1% |
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 26 October 2026 via checked.be.