Naos 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.
Naos Optics
Largest movements
- Stocks and contracts +€31,888
up €31,888 (+51.6%), from €61,780 to €93,667
- Cash +€19,509
up €19,509 (+833%), from €2,343 to €21,852
mainly Debts after one year (+€39,982) and Trade debts (+€13,042)
- Receivables within one year +€9,187
up €9,187 (+28.2%), from €32,610 to €41,797
of which Other amounts receivable: +€7,461
- Deferred charges and accrued income +€8,527
up €8,527 (+2,459%), from €347 to €8,874
- Tangible fixed assets +€2,731
up €2,731 (+94.1%), from €2,903 to €5,634
of which Plant, machinery and equipment: +€1,641
- Debts after one year +€39,982
up €39,982, from €0 to €39,982
- Trade debts +€13,042
up €13,042 (+576%), from €2,262 to €15,305
- Profit (loss) carried forward +€9,201
up €9,201, from -€3,701 to €5,499
- Current portion of long-term debt +€6,966
up €6,966 (+303%), from €2,296 to €9,262
- Tax, wage and social debts +€4,514
up €4,514 (+93.3%), from €4,838 to €9,352
- Taxes +€2,355
up €2,355 (+1,283%), from €183 to €2,539
- Gross operating margin -€1,268
down €1,268 (-7.2%), from €17,595 to €16,326
- Financial charges -€729
down €729 (-16.5%), from €4,424 to €3,695
- Other operating charges +€322
up €322 (+115%), from €279 to €602
- Depreciation +€321
up €321 (+47.5%), from €676 to €997
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 | €99,982 | €171,824 | +€71,841 | +71.9% |
| Fixed assets | 21/28 | €2,903 | €5,634 | +€2,731 | +94.1% |
| Tangible fixed assets | 22/27 | €2,903 | €5,634 | +€2,731 | +94.1% |
| Plant, machinery and equipment | 23 | €2,903 | €4,544 | +€1,641 | +56.5% |
| Furniture and vehicles | 24 | - | €1,089 | +€1,089 | |
| Current assets | 29/58 | €97,079 | €166,190 | +€69,111 | +71.2% |
| Stocks and contracts in progress | 3 | €61,780 | €93,667 | +€31,888 | +51.6% |
| Stocks | 30/36 | €61,780 | €93,667 | +€31,888 | +51.6% |
| Amounts receivable within one year | 40/41 | €32,610 | €41,797 | +€9,187 | +28.2% |
| Trade receivables | 40 | €32,610 | €34,335 | +€1,726 | +5.3% |
| Other amounts receivable | 41 | €0 | €7,461 | +€7,461 | |
| Cash at bank and in hand | 54/58 | €2,343 | €21,852 | +€19,509 | +833% |
| Deferred charges and accrued income | 490/1 | €347 | €8,874 | +€8,527 | +2,459% |
| Total equity and liabilities | 10/49 | €99,982 | €171,824 | +€71,841 | +71.9% |
| Equity | 10/15 | €299 | €9,499 | +€9,201 | +3,078% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,701 | €5,499 | +€9,201 | |
| Amounts payable | 17/49 | €99,683 | €162,324 | +€62,641 | +62.8% |
| Amounts payable after more than one year | 17 | €0 | €39,982 | +€39,982 | |
| Financial debts | 170/4 | €0 | €39,982 | +€39,982 | |
| Amounts payable within one year | 42/48 | €79,771 | €103,371 | +€23,600 | +29.6% |
| Current portion of amounts payable after more than one year | 42 | €2,296 | €9,262 | +€6,966 | +303% |
| Trade debts | 44 | €2,262 | €15,305 | +€13,042 | +576% |
| Suppliers | 440/4 | €2,262 | €15,305 | +€13,042 | +576% |
| Advances received on contracts in progress | 46 | €7,871 | €7,253 | -€618 | -7.8% |
| Taxes, remuneration and social security | 45 | €4,838 | €9,352 | +€4,514 | +93.3% |
| Taxes | 450/3 | €4,838 | €9,352 | +€4,514 | +93.3% |
| Other amounts payable | 47/48 | €62,504 | €62,199 | -€305 | -0.5% |
| Accrued charges and deferred income | 492/3 | €19,912 | €18,971 | -€941 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €676 | €997 | +€321 | +47.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €279 | €602 | +€322 | +115% |
| Non-recurring operating charges | 66A | €249 | €0 | -€249 | -100% |
| Gross operating margin | 9900 | €17,595 | €16,326 | -€1,268 | -7.2% |
| Operating profit (loss) | 9901 | €16,391 | €14,728 | -€1,663 | -10.1% |
| Financial income | 75/76B | €398 | €706 | +€308 | +77.3% |
| Recurring financial income | 75 | €398 | €706 | +€308 | +77.3% |
| Financial charges | 65/66B | €4,424 | €3,695 | -€729 | -16.5% |
| Recurring financial charges | 65 | €4,424 | €3,695 | -€729 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €12,365 | €11,739 | -€626 | -5.1% |
| Income taxes | 67/77 | €183 | €2,539 | +€2,355 | +1,283% |
| Profit (loss) for the period | 9904 | €12,181 | €9,201 | -€2,981 | -24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,181 | €9,201 | -€2,981 | -24.5% |
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 16 October 2026 via checked.be.