NINOPTICS: 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.
NINOPTICS
Largest movements
- Cash +€259,318
up €259,318 (+23.3%), from €1.1m to €1.4m
mainly Net result for the year (+€383,377) and Depreciation (+€48,216)
- Tangible fixed assets -€45,793
down €45,793 (-10.4%), from €440,511 to €394,718
- Reserves +€173,429
up €173,429 (+11.0%), from €1.6m to €1.7m
- Tax, wage and social debts +€39,734
up €39,734 (+57.6%), from €68,941 to €108,676
of which Taxes: +€33,588
- Gross operating margin +€106,889
up €106,889 (+18.6%), from €573,174 to €680,063
- Taxes +€42,997
up €42,997 (+31.8%), from €135,116 to €178,113
- Depreciation -€17,606
down €17,606 (-26.7%), from €65,822 to €48,216
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,802,777 | €2,006,993 | +€204,216 | +11.3% |
| Fixed assets | 21/28 | €440,511 | €394,718 | -€45,793 | -10.4% |
| Tangible fixed assets | 22/27 | €440,511 | €394,718 | -€45,793 | -10.4% |
| Land and buildings | 22 | €370,437 | €349,404 | -€21,033 | -5.7% |
| Plant, machinery and equipment | 23 | €51,271 | €33,499 | -€17,772 | -34.7% |
| Furniture and vehicles | 24 | €18,803 | €11,815 | -€6,988 | -37.2% |
| Current assets | 29/58 | €1,362,266 | €1,612,275 | +€250,009 | +18.4% |
| Stocks and contracts in progress | 3 | €174,088 | €188,467 | +€14,379 | +8.3% |
| Stocks | 30/36 | €174,088 | €188,467 | +€14,379 | +8.3% |
| Amounts receivable within one year | 40/41 | €24,656 | €6,390 | -€18,266 | -74.1% |
| Trade receivables | 40 | €24,656 | €6,390 | -€18,266 | -74.1% |
| Current investments | 50/53 | €33,708 | €33,708 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,114,562 | €1,373,880 | +€259,318 | +23.3% |
| Deferred charges and accrued income | 490/1 | €15,251 | €9,829 | -€5,422 | -35.5% |
| Total equity and liabilities | 10/49 | €1,802,777 | €2,006,993 | +€204,216 | +11.3% |
| Equity | 10/15 | €1,574,921 | €1,748,350 | +€173,429 | +11.0% |
| Contributions | 10/11 | €1,821 | €1,821 | = | 0.0% |
| Reserves | 13 | €1,573,100 | €1,746,529 | +€173,429 | +11.0% |
| Distributable reserves | 133 | €1,573,100 | €1,746,529 | +€173,429 | +11.0% |
| Amounts payable | 17/49 | €227,856 | €258,643 | +€30,787 | +13.5% |
| Amounts payable within one year | 42/48 | €227,856 | €258,643 | +€30,787 | +13.5% |
| Trade debts | 44 | €97,877 | €88,899 | -€8,978 | -9.2% |
| Suppliers | 440/4 | €97,877 | €88,899 | -€8,978 | -9.2% |
| Taxes, remuneration and social security | 45 | €68,941 | €108,676 | +€39,734 | +57.6% |
| Taxes | 450/3 | €59,702 | €93,291 | +€33,588 | +56.3% |
| Remuneration and social security | 454/9 | €9,239 | €15,385 | +€6,146 | +66.5% |
| Other amounts payable | 47/48 | €61,038 | €61,068 | +€30 | 0.0% |
| Remuneration, social security and pensions | 62 | €79,706 | €77,491 | -€2,215 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,822 | €48,216 | -€17,606 | -26.7% |
| Other operating charges | 640/8 | €5,308 | €7,407 | +€2,099 | +39.5% |
| Non-recurring operating charges | 66A | €461 | - | -€461 | |
| Gross operating margin | 9900 | €573,174 | €680,063 | +€106,889 | +18.6% |
| Operating profit (loss) | 9901 | €421,876 | €546,949 | +€125,073 | +29.6% |
| Financial income | 75/76B | €15,778 | €19,423 | +€3,645 | +23.1% |
| Recurring financial income | 75 | €15,778 | €19,423 | +€3,645 | +23.1% |
| Financial charges | 65/66B | €4,804 | €4,882 | +€78 | +1.6% |
| Recurring financial charges | 65 | €4,804 | €4,882 | +€78 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €432,850 | €561,490 | +€128,639 | +29.7% |
| Income taxes | 67/77 | €135,116 | €178,113 | +€42,997 | +31.8% |
| Profit (loss) for the period | 9904 | €297,734 | €383,377 | +€85,643 | +28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €297,734 | €383,377 | +€85,643 | +28.8% |
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 9 October 2026 via checked.be.