OPTELEC: 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.
OPTELEC
Largest movements
- Receivables within one year +€150,716
up €150,716 (+58.7%), from €256,850 to €407,566
of which Trade receivables: +€150,125
- Stocks and contracts -€9,193
down €9,193 (-8.7%), from €105,477 to €96,283
- Tax, wage and social debts +€96,856
up €96,856 (+85.5%), from €113,276 to €210,132
of which Remuneration and social security: +€67,159
- Reserves +€28,720
up €28,720 (+10.6%), from €270,876 to €299,596
of which Distributable reserves: +€28,720
- Trade debts +€26,109
up €26,109 (+16.0%), from €163,109 to €189,218
- Provisions -€13,315
down €13,315 (-100.0%), from €13,315 to €0
- Gross operating margin +€152,245
up €152,245 (+26.4%), from €576,925 to €729,170
- Staff costs +€124,254
up €124,254 (+25.0%), from €497,262 to €621,516
- Provisions +€21,134
up €21,134 (+418.4%), from €5,051 to €26,185
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 | €630,664 | €768,033 | +€137,369 | +21.8% |
| Fixed assets | 21/28 | €42,350 | €42,521 | +€172 | +0.4% |
| Tangible fixed assets | 22/27 | €42,350 | €42,521 | +€172 | +0.4% |
| Plant, machinery and equipment | 23 | €20,513 | €29,736 | +€9,223 | +45.0% |
| Furniture and vehicles | 24 | €19,009 | €11,957 | -€7,052 | -37.1% |
| Other tangible fixed assets | 26 | €2,827 | €828 | -€1,999 | -70.7% |
| Current assets | 29/58 | €588,314 | €725,511 | +€137,197 | +23.3% |
| Stocks and contracts in progress | 3 | €105,477 | €96,283 | -€9,193 | -8.7% |
| Stocks | 30/36 | €105,477 | €96,283 | -€9,193 | -8.7% |
| Amounts receivable within one year | 40/41 | €256,850 | €407,566 | +€150,716 | +58.7% |
| Trade receivables | 40 | €256,794 | €406,919 | +€150,125 | +58.5% |
| Other amounts receivable | 41 | €55 | €647 | +€591 | +1066.1% |
| Cash at bank and in hand | 54/58 | €220,006 | €220,580 | +€574 | +0.3% |
| Deferred charges and accrued income | 490/1 | €5,981 | €1,082 | -€4,899 | -81.9% |
| Total equity and liabilities | 10/49 | €630,664 | €768,033 | +€137,369 | +21.8% |
| Equity | 10/15 | €335,876 | €364,596 | +€28,720 | +8.6% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €270,876 | €299,596 | +€28,720 | +10.6% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Distributable reserves | 133 | €264,376 | €293,096 | +€28,720 | +10.9% |
| Provisions and deferred taxes | 16 | €13,315 | €0 | -€13,315 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €13,315 | €0 | -€13,315 | -100.0% |
| Pensions and similar obligations | 160 | €13,315 | €0 | -€13,315 | -100.0% |
| Amounts payable | 17/49 | €281,474 | €403,437 | +€121,963 | +43.3% |
| Amounts payable within one year | 42/48 | €276,385 | €399,350 | +€122,965 | +44.5% |
| Trade debts | 44 | €163,109 | €189,218 | +€26,109 | +16.0% |
| Suppliers | 440/4 | €163,109 | €189,218 | +€26,109 | +16.0% |
| Taxes, remuneration and social security | 45 | €113,276 | €210,132 | +€96,856 | +85.5% |
| Taxes | 450/3 | €49,261 | €78,959 | +€29,697 | +60.3% |
| Remuneration and social security | 454/9 | €64,015 | €131,174 | +€67,159 | +104.9% |
| Accrued charges and deferred income | 492/3 | €5,089 | €4,087 | -€1,002 | -19.7% |
| Remuneration, social security and pensions | 62 | €497,262 | €621,516 | +€124,254 | +25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,265 | €26,762 | +€2,498 | +10.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €109 | €0 | -€109 | -100.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €5,051 | €26,185 | +€21,134 | +418.4% |
| Other operating charges | 640/8 | €4,191 | €3,707 | -€483 | -11.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €576,925 | €729,170 | +€152,245 | +26.4% |
| Operating profit (loss) | 9901 | €46,047 | €50,999 | +€4,951 | +10.8% |
| Financial income | 75/76B | €14 | €80 | +€66 | +480.1% |
| Recurring financial income | 75 | €14 | €80 | +€66 | +480.1% |
| Financial charges | 65/66B | €6,546 | €5,387 | -€1,159 | -17.7% |
| Recurring financial charges | 65 | €6,546 | €5,387 | -€1,159 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €39,515 | €45,692 | +€6,177 | +15.6% |
| Income taxes | 67/77 | €15,556 | €16,971 | +€1,415 | +9.1% |
| Profit (loss) for the period | 9904 | €23,959 | €28,720 | +€4,762 | +19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €23,959 | €28,720 | +€4,762 | +19.9% |
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 12 October 2026 via checked.be.