OPTECO: 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.
What changed
OPTECO
NACE 43.211, General electrical installation work
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.9m
2024 · €7.1m-€4.2m
Equity
€363,384
2024 · €4.1m-€3.8m
Cash
€5.7m
2024 · €2.9m+€2.8m
Balance sheet total
€11.9m
2024 · €13.5m-€1.6m
Largest movements
Assets
- Stocks and contracts -€4.5m
down €4.5m (-63.1%), from €7.2m to €2.6m
- Cash +€2.8m
up €2.8m (+95.2%), from €2.9m to €5.7m
mainly Stocks and contracts (+€4.5m) and Net result for the year (+€2.9m)
- Financial fixed assets -€418,623
down €418,623 (-96.9%), from €432,014 to €13,391
of which Affiliated companies: -€420,000
- Tangible fixed assets +€278,752
up €278,752 (+119.6%), from €233,084 to €511,836
of which Plant, machinery and equipment: +€272,105
- Deferred charges and accrued income +€142,801
up €142,801 (+20.8%), from €687,921 to €830,722
Equity and liabilities
- Profit (loss) carried forward -€3.8m
down €3.8m (-92.2%), from €4.1m to €319,885
- Other debts +€1.7m
up €1.7m (+34.3%), from €5.0m to €6.7m
- Short-term financial debts -€910,717
down €910,717 (-73.2%), from €1.2m to €333,939
- Trade debts +€785,511
up €785,511 (+84.4%), from €930,245 to €1.7m
- Advances received +€647,036
up €647,036 (+35.5%), from €1.8m to €2.5m
Income statement
- Turnover -€12.1m
down €12.1m (-33.9%), from €35.7m to €23.6m
- Goods and materials -€6.3m
down €6.3m (-34.3%), from €18.5m to €12.2m
of which Purchases: -€9.0m
- Services and other goods -€1.6m
down €1.6m (-20.7%), from €7.9m to €6.3m
- Financial income -€1.1m
down €1.1m (-98.9%), from €1.1m to €12,061
- Taxes -€778,680
down €778,680 (-56.0%), from €1.4m to €611,227
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
€7.1m
Turnover
-€12.1m
Other operating income
+€148,819
Goods and materials
+€6.3m
Services and other goods
+€1.6m
Staff costs
+€241,974
Depreciation
-€43,168
Write-downs
+€18,715
Other operating charges
-€62,385
Other operating items
-€128,937
Financial income
-€1.1m
Financial charges
+€40,205
Taxes
+€778,680
Result 2025
€2.9m
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
+€10.4m
Investment
+€20,195
Financing
-€7.6m
Cash 2024
€2.9m
From operations (derived)
+€10.4m
Net result for the year
+€2.9m
Depreciation
+€119,676
Stocks and contracts
+€4.5m
Receivables within one year
-€142,417
Deferred charges and accrued income
-€142,801
Trade debts
+€785,511
Tax, wage and social debts
-€50,517
Advances received
+€647,036
Other debts
+€1.7m
Investment (derived)
+€20,195
Investment in fixed assets (net)
+€20,195
Financing
-€7.6m
Debts after one year
+€134
Current portion of long-term debt
+€9,911
Short-term financial debts
-€910,717
Contributions, distributions and other
-€6.7m
Cash 2025
€5.7m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,464,077 | €11,890,211 | -€1.6m | -11.7% |
| Fixed assets | 21/28 | €665,098 | €525,227 | -€139,871 | -21.0% |
| Tangible fixed assets | 22/27 | €233,084 | €511,836 | +€278,752 | +119.6% |
| Land and buildings | 22 | €6,784 | €5,636 | -€1,148 | -16.9% |
| Plant, machinery and equipment | 23 | €167,948 | €440,053 | +€272,105 | +162.0% |
| Furniture and vehicles | 24 | €58,352 | €66,147 | +€7,795 | +13.4% |
| Financial fixed assets | 28 | €432,014 | €13,391 | -€418,623 | -96.9% |
| Affiliated companies | 280/1 | €420,000 | €0 | -€420,000 | -100.0% |
| Participating interests | 280 | €420,000 | €0 | -€420,000 | -100.0% |
| Other financial fixed assets | 284/8 | €12,014 | €13,391 | +€1,377 | +11.5% |
| Amounts receivable and cash guarantees | 285/8 | €12,014 | €13,391 | +€1,377 | +11.5% |
| Current assets | 29/58 | €12,798,979 | €11,364,984 | -€1.4m | -11.2% |
| Stocks and contracts in progress | 3 | €7,171,437 | €2,648,414 | -€4.5m | -63.1% |
| Stocks | 30/36 | €7,171,437 | €2,648,414 | -€4.5m | -63.1% |
| Goods purchased for resale | 34 | €7,171,437 | €2,648,414 | -€4.5m | -63.1% |
| Amounts receivable within one year | 40/41 | €1,993,697 | €2,136,114 | +€142,417 | +7.1% |
| Trade receivables | 40 | €1,572,224 | €2,064,136 | +€491,913 | +31.3% |
| Other amounts receivable | 41 | €421,474 | €71,978 | -€349,496 | -82.9% |
| Cash at bank and in hand | 54/58 | €2,945,923 | €5,749,734 | +€2.8m | +95.2% |
| Deferred charges and accrued income | 490/1 | €687,921 | €830,722 | +€142,801 | +20.8% |
| Total equity and liabilities | 10/49 | €13,464,077 | €11,890,211 | -€1.6m | -11.7% |
| Equity | 10/15 | €4,128,110 | €363,384 | -€3.8m | -91.2% |
| Contributions | 10/11 | €39,545 | €39,545 | = | 0.0% |
| Reserves | 13 | €3,955 | €3,955 | = | 0.0% |
| Distributable reserves | 133 | €3,955 | €3,955 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,084,610 | €319,885 | -€3.8m | -92.2% |
| Amounts payable | 17/49 | €9,335,967 | €11,526,827 | +€2.2m | +23.5% |
| Amounts payable after more than one year | 17 | €48,634 | €48,768 | +€134 | +0.3% |
| Financial debts | 170/4 | €48,634 | €48,768 | +€134 | +0.3% |
| Credit institutions | 173 | €48,634 | €48,768 | +€134 | +0.3% |
| Amounts payable within one year | 42/48 | €9,287,333 | €11,478,059 | +€2.2m | +23.6% |
| Current portion of amounts payable after more than one year | 42 | €56,515 | €66,426 | +€9,911 | +17.5% |
| Financial debts | 43 | €1,244,656 | €333,939 | -€910,717 | -73.2% |
| Credit institutions | 430/8 | €1,244,656 | €333,939 | -€910,717 | -73.2% |
| Trade debts | 44 | €930,245 | €1,715,756 | +€785,511 | +84.4% |
| Suppliers | 440/4 | €930,245 | €1,715,756 | +€785,511 | +84.4% |
| Advances received on contracts in progress | 46 | €1,824,354 | €2,471,389 | +€647,036 | +35.5% |
| Taxes, remuneration and social security | 45 | €244,305 | €193,788 | -€50,517 | -20.7% |
| Taxes | 450/3 | - | €5,594 | +€5,594 | |
| Remuneration and social security | 454/9 | €244,305 | €188,195 | -€56,110 | -23.0% |
| Other amounts payable | 47/48 | €4,987,258 | €6,696,760 | +€1.7m | +34.3% |
| Operating income | 70/76A | €35,809,323 | €23,745,309 | -€12.1m | -33.7% |
| Turnover | 70 | €35,660,387 | €23,574,451 | -€12.1m | -33.9% |
| Other operating income | 74 | €9,739 | €158,559 | +€148,819 | +1528.0% |
| Non-recurring operating income | 76A | €139,196 | €12,299 | -€126,897 | -91.2% |
| Operating charges | 60/66A | €28,289,110 | €20,151,005 | -€8.1m | -28.8% |
| Goods for resale, raw materials and consumables | 60 | €18,509,154 | €12,159,934 | -€6.3m | -34.3% |
| Purchases | 600/8 | €16,607,946 | €7,636,910 | -€9.0m | -54.0% |
| Change in stocks: decrease (increase) | 609 | €1,901,208 | €4,523,024 | +€2.6m | +137.9% |
| Services and other goods | 61 | €7,899,701 | €6,263,913 | -€1.6m | -20.7% |
| Remuneration, social security and pensions | 62 | €1,666,899 | €1,424,925 | -€241,974 | -14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,508 | €119,676 | +€43,168 | +56.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,992 | -€10,723 | -€18,715 | |
| Other operating charges | 640/8 | €118,940 | €181,325 | +€62,385 | +52.5% |
| Non-recurring operating charges | 66A | €9,915 | €11,955 | +€2,040 | +20.6% |
| Operating profit (loss) | 9901 | €7,520,213 | €3,594,304 | -€3.9m | -52.2% |
| Financial income | 75/76B | €1,074,793 | €12,061 | -€1.1m | -98.9% |
| Recurring financial income | 75 | €1,074,793 | €12,061 | -€1.1m | -98.9% |
| Income from current assets | 751 | €1,005,163 | €0 | -€1.0m | -100.0% |
| Other financial income | 752/9 | €69,630 | €12,061 | -€57,569 | -82.7% |
| Financial charges | 65/66B | €128,069 | €87,864 | -€40,205 | -31.4% |
| Recurring financial charges | 65 | €128,069 | €87,864 | -€40,205 | -31.4% |
| Debt charges | 650 | €47,120 | €69,946 | +€22,826 | +48.4% |
| Other financial charges | 652/9 | €80,948 | €17,918 | -€63,031 | -77.9% |
| Profit (loss) for the period before taxes | 9903 | €8,466,938 | €3,518,501 | -€4.9m | -58.4% |
| Income taxes | 67/77 | €1,389,906 | €611,227 | -€778,680 | -56.0% |
| Taxes | 670/3 | €1,389,906 | €611,227 | -€778,680 | -56.0% |
| Profit (loss) for the period | 9904 | €7,077,032 | €2,907,274 | -€4.2m | -58.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,077,032 | €2,907,274 | -€4.2m | -58.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.