MAES OPTICS: 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.
What changed
MAES OPTICS
NACE 47.742, Retail sale of prescription glasses, lenses and sunglasses
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€28,271
2024 · €47,005-€18,734
Equity
€70,546
2024 · €71,441-€894
Cash
€48,724
2024 · €50,389-€1,666
Balance sheet total
€231,569
2024 · €249,942-€18,374
Largest movements
Assets
- Tangible fixed assets -€15,345
down €15,345 (-26.0%), from €58,996 to €43,651
of which Plant, machinery and equipment: -€8,758
- Stocks and contracts -€3,517
down €3,517 (-2.7%), from €128,636 to €125,118
Equity and liabilities
- Trade debts -€16,983
down €16,983 (-39.1%), from €43,461 to €26,478
- Other debts -€15,130
down €15,130 (-34.2%), from €44,295 to €29,165
- Debts after one year +€12,428
up €12,428 (+19.4%), from €64,181 to €76,609
of which Other amounts payable: +€18,474
Income statement
- Gross operating margin -€16,158
down €16,158 (-11.2%), from €143,640 to €127,483
- Other operating charges +€2,705
up €2,705 (+110.5%), from €2,449 to €5,154
- Staff costs +€1,781
up €1,781 (+2.5%), from €69,870 to €71,651
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.
Result 2024
€47,005
Gross operating margin
-€16,158
Staff costs
-€1,781
Depreciation
+€1,208
Other operating charges
-€2,705
Financial income
+€54
Financial charges
+€560
Taxes
+€88
Result 2025
€28,271
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.
From operations
+€14,203
Investment
+€555
Financing
-€16,423
Cash 2024
€50,389
From operations (derived)
+€14,203
Net result for the year
+€28,271
Depreciation
+€14,791
Stocks and contracts
+€3,517
Receivables within one year
-€1,678
Deferred charges and accrued income
-€476
Provisions
-€300
Trade debts
-€16,983
Tax, wage and social debts
+€2,192
Other debts
-€15,130
Investment (derived)
+€555
Investment in fixed assets (net)
+€555
Financing
-€16,423
Debts after one year
+€12,428
Current portion of long-term debt
+€314
Contributions, distributions and other
-€29,165
Cash 2025
€48,724
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €249,942 | €231,569 | -€18,374 | -7.4% |
| Fixed assets | 21/28 | €58,996 | €43,651 | -€15,345 | -26.0% |
| Tangible fixed assets | 22/27 | €58,996 | €43,651 | -€15,345 | -26.0% |
| Plant, machinery and equipment | 23 | €42,929 | €34,171 | -€8,758 | -20.4% |
| Furniture and vehicles | 24 | €6,051 | €3,436 | -€2,615 | -43.2% |
| Other tangible fixed assets | 26 | €10,016 | €6,044 | -€3,972 | -39.7% |
| Current assets | 29/58 | €190,946 | €187,918 | -€3,028 | -1.6% |
| Stocks and contracts in progress | 3 | €128,636 | €125,118 | -€3,517 | -2.7% |
| Stocks | 30/36 | €128,636 | €125,118 | -€3,517 | -2.7% |
| Amounts receivable within one year | 40/41 | €8,948 | €10,626 | +€1,678 | +18.8% |
| Trade receivables | 40 | €7,494 | €10,626 | +€3,132 | +41.8% |
| Other amounts receivable | 41 | €1,454 | - | -€1,454 | |
| Cash at bank and in hand | 54/58 | €50,389 | €48,724 | -€1,666 | -3.3% |
| Deferred charges and accrued income | 490/1 | €2,973 | €3,450 | +€476 | +16.0% |
| Total equity and liabilities | 10/49 | €249,942 | €231,569 | -€18,374 | -7.4% |
| Equity | 10/15 | €71,441 | €70,546 | -€894 | -1.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €65,241 | €64,346 | -€894 | -1.4% |
| Tax-exempt reserves | 132 | €7,313 | €6,413 | -€900 | -12.3% |
| Distributable reserves | 133 | €57,928 | €57,934 | +€6 | 0.0% |
| Provisions and deferred taxes | 16 | €2,438 | €2,138 | -€300 | -12.3% |
| Deferred taxes | 168 | €2,438 | €2,138 | -€300 | -12.3% |
| Amounts payable | 17/49 | €176,064 | €158,885 | -€17,179 | -9.8% |
| Amounts payable after more than one year | 17 | €64,181 | €76,609 | +€12,428 | +19.4% |
| Financial debts | 170/4 | €13,520 | €7,473 | -€6,046 | -44.7% |
| Other amounts payable | 178/9 | €50,661 | €69,135 | +€18,474 | +36.5% |
| Amounts payable within one year | 42/48 | €111,833 | €82,226 | -€29,607 | -26.5% |
| Current portion of amounts payable after more than one year | 42 | €5,732 | €6,046 | +€314 | +5.5% |
| Trade debts | 44 | €43,461 | €26,478 | -€16,983 | -39.1% |
| Suppliers | 440/4 | €43,461 | €26,478 | -€16,983 | -39.1% |
| Taxes, remuneration and social security | 45 | €18,345 | €20,537 | +€2,192 | +11.9% |
| Taxes | 450/3 | €9,920 | €11,870 | +€1,950 | +19.7% |
| Remuneration and social security | 454/9 | €8,425 | €8,667 | +€242 | +2.9% |
| Other amounts payable | 47/48 | €44,295 | €29,165 | -€15,130 | -34.2% |
| Accrued charges and deferred income | 492/3 | €50 | €50 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €69,870 | €71,651 | +€1,781 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,998 | €14,791 | -€1,208 | -7.5% |
| Other operating charges | 640/8 | €2,449 | €5,154 | +€2,705 | +110.5% |
| Gross operating margin | 9900 | €143,640 | €127,483 | -€16,158 | -11.2% |
| Operating profit (loss) | 9901 | €55,323 | €35,887 | -€19,436 | -35.1% |
| Financial income | 75/76B | €1,910 | €1,964 | +€54 | +2.8% |
| Recurring financial income | 75 | €1,910 | €1,964 | +€54 | +2.8% |
| Financial charges | 65/66B | €5,982 | €5,422 | -€560 | -9.4% |
| Recurring financial charges | 65 | €5,982 | €5,422 | -€560 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €51,251 | €32,429 | -€18,822 | -36.7% |
| Transfer from deferred taxes | 780 | €300 | €300 | = | 0.0% |
| Income taxes | 67/77 | €4,546 | €4,458 | -€88 | -1.9% |
| Profit (loss) for the period | 9904 | €47,005 | €28,271 | -€18,734 | -39.9% |
| Transfer from tax-exempt reserves | 789 | €900 | €900 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €47,905 | €29,171 | -€18,734 | -39.1% |
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 6 October 2026 via checked.be.