LOUISE OPTIC: 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.
LOUISE OPTIC
Largest movements
- Cash +€186,677
up €186,677 (+37.6%), from €496,442 to €683,119
mainly Depreciation (+€228,195) and Net result for the year (+€133,623)
- Tangible fixed assets -€184,565
down €184,565 (-5.5%), from €3.3m to €3.2m
of which Land and buildings: -€140,021
- Receivables within one year -€78,788
down €78,788 (-73.1%), from €107,815 to €29,027
of which Trade receivables: -€56,722
- Debts after one year -€148,276
down €148,276 (-8.4%), from €1.8m to €1.6m
- Reserves +€133,623
up €133,623 (+21.6%), from €617,227 to €750,849
of which Distributable reserves: +€133,623
- Trade debts -€89,244
down €89,244 (-27.4%), from €325,486 to €236,241
- Other debts +€40,815
up €40,815 (+16.6%), from €245,385 to €286,200
- Gross operating margin +€184,867
up €184,867 (+31.3%), from €591,568 to €776,435
- Staff costs +€49,869
up €49,869 (+22.1%), from €225,691 to €275,560
- Taxes +€43,807
up €43,807 (+281%), from €15,585 to €59,392
- Financial charges -€20,857
down €20,857 (-23.7%), from €88,094 to €67,237
- Depreciation +€10,713
up €10,713 (+4.9%), from €217,481 to €228,195
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 | €4,060,651 | €3,979,290 | -€81,361 | -2.0% |
| Fixed assets | 21/28 | €3,335,590 | €3,151,025 | -€184,565 | -5.5% |
| Tangible fixed assets | 22/27 | €3,334,590 | €3,150,025 | -€184,565 | -5.5% |
| Land and buildings | 22 | €2,919,574 | €2,779,553 | -€140,021 | -4.8% |
| Plant, machinery and equipment | 23 | €117,922 | €118,165 | +€243 | +0.2% |
| Furniture and vehicles | 24 | €36,679 | €22,129 | -€14,550 | -39.7% |
| Other tangible fixed assets | 26 | €260,414 | €230,178 | -€30,236 | -11.6% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €725,061 | €828,265 | +€103,203 | +14.2% |
| Stocks and contracts in progress | 3 | €25,792 | €56,040 | +€30,248 | +117% |
| Stocks | 30/36 | €25,792 | €56,040 | +€30,248 | +117% |
| Amounts receivable within one year | 40/41 | €107,815 | €29,027 | -€78,788 | -73.1% |
| Trade receivables | 40 | €74,410 | €17,688 | -€56,722 | -76.2% |
| Other amounts receivable | 41 | €33,404 | €11,339 | -€22,066 | -66.1% |
| Cash at bank and in hand | 54/58 | €496,442 | €683,119 | +€186,677 | +37.6% |
| Deferred charges and accrued income | 490/1 | €95,013 | €60,078 | -€34,935 | -36.8% |
| Total equity and liabilities | 10/49 | €4,060,651 | €3,979,290 | -€81,361 | -2.0% |
| Equity | 10/15 | €1,453,013 | €1,584,970 | +€131,957 | +9.1% |
| Contributions | 10/11 | €399,500 | €399,500 | = | 0.0% |
| Capital | 10 | €399,500 | €399,500 | = | 0.0% |
| Issued capital | 100 | €399,500 | €399,500 | = | 0.0% |
| Reserves | 13 | €617,227 | €750,849 | +€133,623 | +21.6% |
| Non-distributable reserves | 130/1 | €39,950 | €39,950 | = | 0.0% |
| Legal reserve | 130 | €39,950 | €39,950 | = | 0.0% |
| Distributable reserves | 133 | €577,277 | €710,899 | +€133,623 | +23.1% |
| Profit (loss) carried forward | 14 | €436,287 | €434,621 | -€1,666 | -0.4% |
| Amounts payable | 17/49 | €2,607,638 | €2,394,320 | -€213,318 | -8.2% |
| Amounts payable after more than one year | 17 | €1,761,117 | €1,612,841 | -€148,276 | -8.4% |
| Financial debts | 170/4 | €1,761,117 | €1,612,841 | -€148,276 | -8.4% |
| Amounts payable within one year | 42/48 | €844,193 | €761,855 | -€82,338 | -9.8% |
| Current portion of amounts payable after more than one year | 42 | €174,485 | €148,276 | -€26,208 | -15.0% |
| Financial debts | 43 | €35,000 | €20,875 | -€14,125 | -40.4% |
| Credit institutions | 430/8 | - | €20,875 | +€20,875 | |
| Other loans | 439 | €35,000 | €0 | -€35,000 | -100% |
| Trade debts | 44 | €325,486 | €236,241 | -€89,244 | -27.4% |
| Suppliers | 440/4 | €325,486 | €236,241 | -€89,244 | -27.4% |
| Advances received on contracts in progress | 46 | €3,497 | €2,672 | -€824 | -23.6% |
| Taxes, remuneration and social security | 45 | €60,341 | €67,590 | +€7,249 | +12.0% |
| Taxes | 450/3 | €45,180 | €48,887 | +€3,707 | +8.2% |
| Remuneration and social security | 454/9 | €15,161 | €18,703 | +€3,542 | +23.4% |
| Other amounts payable | 47/48 | €245,385 | €286,200 | +€40,815 | +16.6% |
| Accrued charges and deferred income | 492/3 | €2,328 | €19,624 | +€17,296 | +743% |
| Remuneration, social security and pensions | 62 | €225,691 | €275,560 | +€49,869 | +22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €217,481 | €228,195 | +€10,713 | +4.9% |
| Other operating charges | 640/8 | €17,561 | €22,832 | +€5,272 | +30.0% |
| Gross operating margin | 9900 | €591,568 | €776,435 | +€184,867 | +31.3% |
| Operating profit (loss) | 9901 | €130,834 | €249,848 | +€119,014 | +91.0% |
| Financial income | 75/76B | €5,158 | €10,404 | +€5,246 | +102% |
| Recurring financial income | 75 | €5,158 | €10,404 | +€5,246 | +102% |
| Financial charges | 65/66B | €88,094 | €67,237 | -€20,857 | -23.7% |
| Recurring financial charges | 65 | €88,094 | €67,237 | -€20,857 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | €47,898 | €193,014 | +€145,116 | +303% |
| Income taxes | 67/77 | €15,585 | €59,392 | +€43,807 | +281% |
| Profit (loss) for the period | 9904 | €32,314 | €133,623 | +€101,309 | +314% |
| Profit (loss) for the period to be appropriated | 9905 | €32,314 | €133,623 | +€101,309 | +314% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.