M.G. 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.
M.G. OPTICS
Largest movements
- Receivables within one year +€7,303
up €7,303 (+263%), from €2,774 to €10,076
- Stocks and contracts -€5,038
down €5,038 (-6.8%), from €74,218 to €69,181
- Tangible fixed assets +€3,865
up €3,865 (+27.8%), from €13,913 to €17,777
of which Furniture and vehicles: +€8,735
- Cash -€2,187
down €2,187 (-3.8%), from €57,367 to €55,181
mainly Investment in fixed assets (net) (-€9,706) and Receivables within one year (-€7,303)
- Reserves +€3,297
up €3,297 (+11.1%), from €29,584 to €32,880
of which Distributable reserves: +€3,297
- Debts after one year -€3,294
down €3,294 (-42.4%), from €7,768 to €4,474
- Current portion of long-term debt +€2,945
up €2,945 (+31.4%), from €9,382 to €12,327
- Tax, wage and social debts +€2,772
up €2,772 (+86.8%), from €3,193 to €5,965
- Trade debts -€2,170
down €2,170 (-27.3%), from €7,951 to €5,781
- Gross operating margin -€1,633
down €1,633 (-9.9%), from €16,525 to €14,892
- Depreciation +€1,017
up €1,017 (+21.1%), from €4,825 to €5,841
- Taxes -€470
down €470 (-15.6%), from €3,013 to €2,543
- Financial charges -€463
down €463 (-15.1%), from €3,076 to €2,613
- Financial income -€261
down €261 (-66.7%), from €392 to €131
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 | €148,878 | €152,827 | +€3,949 | +2.7% |
| Fixed assets | 21/28 | €13,914 | €17,779 | +€3,865 | +27.8% |
| Tangible fixed assets | 22/27 | €13,913 | €17,777 | +€3,865 | +27.8% |
| Plant, machinery and equipment | 23 | €2,806 | €2,390 | -€415 | -14.8% |
| Furniture and vehicles | 24 | - | €8,735 | +€8,735 | |
| Leasing and similar rights | 25 | €11,107 | €6,652 | -€4,455 | -40.1% |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €134,964 | €135,049 | +€85 | +0.1% |
| Stocks and contracts in progress | 3 | €74,218 | €69,181 | -€5,038 | -6.8% |
| Stocks | 30/36 | €74,218 | €69,181 | -€5,038 | -6.8% |
| Amounts receivable within one year | 40/41 | €2,774 | €10,076 | +€7,303 | +263% |
| Other amounts receivable | 41 | €2,774 | €10,076 | +€7,303 | +263% |
| Cash at bank and in hand | 54/58 | €57,367 | €55,181 | -€2,187 | -3.8% |
| Deferred charges and accrued income | 490/1 | €605 | €611 | +€6 | +1.0% |
| Total equity and liabilities | 10/49 | €148,878 | €152,827 | +€3,949 | +2.7% |
| Equity | 10/15 | €95,584 | €98,880 | +€3,297 | +3.4% |
| Contributions | 10/11 | €66,000 | €66,000 | = | 0.0% |
| Reserves | 13 | €29,584 | €32,880 | +€3,297 | +11.1% |
| Tax-exempt reserves | 132 | €2,345 | €2,345 | = | 0.0% |
| Distributable reserves | 133 | €27,239 | €30,536 | +€3,297 | +12.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €53,294 | €53,947 | +€653 | +1.2% |
| Amounts payable after more than one year | 17 | €7,768 | €4,474 | -€3,294 | -42.4% |
| Financial debts | 170/4 | €7,768 | €4,474 | -€3,294 | -42.4% |
| Amounts payable within one year | 42/48 | €45,527 | €49,473 | +€3,946 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | €9,382 | €12,327 | +€2,945 | +31.4% |
| Financial debts | 43 | €25,000 | €25,000 | = | 0.0% |
| Credit institutions | 430/8 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €7,951 | €5,781 | -€2,170 | -27.3% |
| Suppliers | 440/4 | €7,951 | €5,781 | -€2,170 | -27.3% |
| Taxes, remuneration and social security | 45 | €3,193 | €5,965 | +€2,772 | +86.8% |
| Taxes | 450/3 | €3,193 | €5,965 | +€2,772 | +86.8% |
| Other amounts payable | 47/48 | €0 | €400 | +€400 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,825 | €5,841 | +€1,017 | +21.1% |
| Other operating charges | 640/8 | €520 | €329 | -€191 | -36.7% |
| Gross operating margin | 9900 | €16,525 | €14,892 | -€1,633 | -9.9% |
| Operating profit (loss) | 9901 | €11,181 | €8,722 | -€2,459 | -22.0% |
| Financial income | 75/76B | €392 | €131 | -€261 | -66.7% |
| Recurring financial income | 75 | €392 | €131 | -€261 | -66.7% |
| Financial charges | 65/66B | €3,076 | €2,613 | -€463 | -15.1% |
| Recurring financial charges | 65 | €3,076 | €2,613 | -€463 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €8,497 | €6,240 | -€2,257 | -26.6% |
| Income taxes | 67/77 | €3,013 | €2,543 | -€470 | -15.6% |
| Profit (loss) for the period | 9904 | €5,484 | €3,697 | -€1,787 | -32.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,484 | €3,697 | -€1,787 | -32.6% |
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 31 October 2026 via checked.be.