Opsin 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.
Opsin Optics
Largest movements
- Stocks and contracts -€405,502
down €405,502 (-34.8%), from €1.2m to €760,170
- Cash -€307,258
down €307,258 (-76.3%), from €402,543 to €95,285
mainly Net result for the year (-€908,312) and Other debts (-€233,930)
- Tangible fixed assets +€127,591
up €127,591 (+33.0%), from €386,836 to €514,427
of which Other tangible fixed assets: +€174,360
- Deferred charges and accrued income +€85,649
up €85,649 (+33.8%), from €253,746 to €339,395
- Receivables within one year -€51,145
down €51,145 (-32.8%), from €155,766 to €104,621
of which Other amounts receivable: -€44,105
- Profit (loss) carried forward -€908,312
down €908,312 (-560%), from -€162,249 to -€1.1m
- Short-term financial debts +€284,418
new in 2025: €284,418
- Trade debts +€248,489
up €248,489 (+33.6%), from €738,646 to €987,135
- Other debts -€233,930
down €233,930 (-34.8%), from €671,388 to €437,459
- Write-downs +€415,156
new in 2025: €415,156
- Gross operating margin -€165,625
down €165,625, from €155,837 to -€9,789
- Depreciation +€63,125
up €63,125 (+79.7%), from €79,173 to €142,298
- Staff costs +€62,145
up €62,145 (+51.4%), from €120,877 to €183,022
- Financial charges +€24,556
up €24,556 (+238%), from €10,329 to €34,884
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 | €2,631,620 | €2,033,380 | -€598,241 | -22.7% |
| Fixed assets | 21/28 | €653,894 | €733,909 | +€80,016 | +12.2% |
| Intangible fixed assets | 21 | €247,455 | €199,880 | -€47,576 | -19.2% |
| Tangible fixed assets | 22/27 | €386,836 | €514,427 | +€127,591 | +33.0% |
| Plant, machinery and equipment | 23 | €249,355 | €205,202 | -€44,153 | -17.7% |
| Furniture and vehicles | 24 | €11,154 | €8,539 | -€2,615 | -23.4% |
| Other tangible fixed assets | 26 | €126,327 | €300,687 | +€174,360 | +138% |
| Financial fixed assets | 28 | €19,603 | €19,603 | = | 0.0% |
| Current assets | 29/58 | €1,977,727 | €1,299,470 | -€678,256 | -34.3% |
| Stocks and contracts in progress | 3 | €1,165,672 | €760,170 | -€405,502 | -34.8% |
| Stocks | 30/36 | €1,165,672 | €760,170 | -€405,502 | -34.8% |
| Amounts receivable within one year | 40/41 | €155,766 | €104,621 | -€51,145 | -32.8% |
| Trade receivables | 40 | €108,135 | €101,094 | -€7,040 | -6.5% |
| Other amounts receivable | 41 | €47,631 | €3,526 | -€44,105 | -92.6% |
| Cash at bank and in hand | 54/58 | €402,543 | €95,285 | -€307,258 | -76.3% |
| Deferred charges and accrued income | 490/1 | €253,746 | €339,395 | +€85,649 | +33.8% |
| Total equity and liabilities | 10/49 | €2,631,620 | €2,033,380 | -€598,241 | -22.7% |
| Equity | 10/15 | €1,207,851 | €299,539 | -€908,312 | -75.2% |
| Contributions | 10/11 | €1,370,100 | €1,370,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€162,249 | -€1,070,561 | -€908,312 | -560% |
| Amounts payable | 17/49 | €1,423,769 | €1,733,840 | +€310,071 | +21.8% |
| Amounts payable within one year | 42/48 | €1,423,769 | €1,733,840 | +€310,071 | +21.8% |
| Financial debts | 43 | - | €284,418 | +€284,418 | |
| Other loans | 439 | - | €284,418 | +€284,418 | |
| Trade debts | 44 | €738,646 | €987,135 | +€248,489 | +33.6% |
| Suppliers | 440/4 | €738,646 | €987,135 | +€248,489 | +33.6% |
| Taxes, remuneration and social security | 45 | €13,735 | €24,829 | +€11,094 | +80.8% |
| Taxes | 450/3 | €367 | €4,109 | +€3,742 | +1,020% |
| Remuneration and social security | 454/9 | €13,368 | €20,720 | +€7,352 | +55.0% |
| Other amounts payable | 47/48 | €671,388 | €437,459 | -€233,930 | -34.8% |
| Remuneration, social security and pensions | 62 | €120,877 | €183,022 | +€62,145 | +51.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,173 | €142,298 | +€63,125 | +79.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €415,156 | +€415,156 | |
| Other operating charges | 640/8 | €105,413 | €122,710 | +€17,298 | +16.4% |
| Gross operating margin | 9900 | €155,837 | -€9,789 | -€165,625 | |
| Operating profit (loss) | 9901 | -€149,627 | -€872,976 | -€723,349 | -483% |
| Financial income | 75/76B | €96 | €191 | +€95 | +99.2% |
| Recurring financial income | 75 | €96 | €191 | +€95 | +99.2% |
| Financial charges | 65/66B | €10,329 | €34,884 | +€24,556 | +238% |
| Recurring financial charges | 65 | €10,329 | €34,884 | +€24,556 | +238% |
| Profit (loss) for the period before taxes | 9903 | -€159,859 | -€907,669 | -€747,810 | -468% |
| Income taxes | 67/77 | €353 | €643 | +€291 | +82.4% |
| Profit (loss) for the period | 9904 | -€160,212 | -€908,312 | -€748,100 | -467% |
| Profit (loss) for the period to be appropriated | 9905 | -€160,212 | -€908,312 | -€748,100 | -467% |
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.