OPTIC 2007: 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.
OPTIC 2007
Largest movements
- Current investments +€200,000
new in 2026: €200,000
- Cash -€159,555
down €159,555 (-53.0%), from €301,162 to €141,607
mainly Current investments (-€200,000) and Investment in fixed assets (net) (-€71,180)
- Tangible fixed assets -€44,226
down €44,226 (-7.4%), from €600,921 to €556,695
of which Land and buildings: -€45,645
- Deferred charges and accrued income -€16,258
down €16,258 (-50.0%), from €32,535 to €16,277
- Receivables within one year +€13,306
up €13,306 (+93.3%), from €14,258 to €27,564
of which Trade receivables: +€13,735
- Reserves +€104,820
up €104,820 (+25.7%), from €408,161 to €512,981
of which Distributable reserves: +€104,820
- Profit (loss) carried forward -€57,143
down €57,143 (-10.2%), from €560,513 to €503,370
- Tax, wage and social debts -€42,644
down €42,644 (-40.1%), from €106,342 to €63,698
of which Taxes: -€33,983
- Trade debts +€16,265
up €16,265 (+24.5%), from €66,493 to €82,758
- Other debts -€16,100
no longer reported in 2026 (was €16,100)
- Gross operating margin -€82,186
down €82,186 (-16.6%), from €494,102 to €411,916
- Taxes -€18,962
down €18,962 (-25.3%), from €74,936 to €55,974
- Staff costs -€15,590
down €15,590 (-11.5%), from €136,080 to €120,490
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,176,670 | €1,182,631 | +€5,961 | +0.5% |
| Fixed assets | 21/28 | €601,294 | €557,498 | -€43,796 | -7.3% |
| Tangible fixed assets | 22/27 | €600,921 | €556,695 | -€44,226 | -7.4% |
| Land and buildings | 22 | €348,188 | €302,542 | -€45,645 | -13.1% |
| Plant, machinery and equipment | 23 | €54,601 | €64,386 | +€9,785 | +17.9% |
| Furniture and vehicles | 24 | €67,319 | €42,710 | -€24,609 | -36.6% |
| Other tangible fixed assets | 26 | €130,814 | €147,057 | +€16,243 | +12.4% |
| Financial fixed assets | 28 | €373 | €803 | +€430 | +115% |
| Current assets | 29/58 | €575,376 | €625,133 | +€49,757 | +8.6% |
| Amounts receivable after more than one year | 29 | €90,000 | €90,000 | = | 0.0% |
| Other amounts receivable | 291 | €90,000 | €90,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €137,420 | €149,685 | +€12,265 | +8.9% |
| Stocks | 30/36 | €137,420 | €149,685 | +€12,265 | +8.9% |
| Amounts receivable within one year | 40/41 | €14,258 | €27,564 | +€13,306 | +93.3% |
| Trade receivables | 40 | €6,416 | €20,151 | +€13,735 | +214% |
| Other amounts receivable | 41 | €7,842 | €7,413 | -€429 | -5.5% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €301,162 | €141,607 | -€159,555 | -53.0% |
| Deferred charges and accrued income | 490/1 | €32,535 | €16,277 | -€16,258 | -50.0% |
| Total equity and liabilities | 10/49 | €1,176,670 | €1,182,631 | +€5,961 | +0.5% |
| Equity | 10/15 | €987,424 | €1,035,101 | +€47,677 | +4.8% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €408,161 | €512,981 | +€104,820 | +25.7% |
| Tax-exempt reserves | 132 | €86 | €86 | = | 0.0% |
| Distributable reserves | 133 | €408,075 | €512,895 | +€104,820 | +25.7% |
| Profit (loss) carried forward | 14 | €560,513 | €503,370 | -€57,143 | -10.2% |
| Amounts payable | 17/49 | €189,245 | €147,530 | -€41,715 | -22.0% |
| Amounts payable within one year | 42/48 | €188,935 | €147,530 | -€41,405 | -21.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | - | €620 | +€620 | |
| Credit institutions | 430/8 | - | €620 | +€620 | |
| Trade debts | 44 | €66,493 | €82,758 | +€16,265 | +24.5% |
| Suppliers | 440/4 | €66,493 | €82,758 | +€16,265 | +24.5% |
| Advances received on contracts in progress | 46 | - | €455 | +€455 | |
| Taxes, remuneration and social security | 45 | €106,342 | €63,698 | -€42,644 | -40.1% |
| Taxes | 450/3 | €72,786 | €38,803 | -€33,983 | -46.7% |
| Remuneration and social security | 454/9 | €33,556 | €24,895 | -€8,661 | -25.8% |
| Other amounts payable | 47/48 | €16,100 | - | -€16,100 | |
| Accrued charges and deferred income | 492/3 | €311 | - | -€311 | |
| Non-recurring operating income | 76A | €11,500 | - | -€11,500 | |
| Remuneration, social security and pensions | 62 | €136,080 | €120,490 | -€15,590 | -11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111,090 | €114,976 | +€3,886 | +3.5% |
| Other operating charges | 640/8 | €18,365 | €15,813 | -€2,552 | -13.9% |
| Gross operating margin | 9900 | €494,102 | €411,916 | -€82,186 | -16.6% |
| Operating profit (loss) | 9901 | €228,568 | €160,637 | -€67,931 | -29.7% |
| Financial income | 75/76B | €8,071 | €6,687 | -€1,384 | -17.2% |
| Recurring financial income | 75 | €8,071 | €6,687 | -€1,384 | -17.2% |
| Financial charges | 65/66B | €6,144 | €6,531 | +€387 | +6.3% |
| Recurring financial charges | 65 | €6,144 | €6,531 | +€387 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | €230,495 | €160,793 | -€69,702 | -30.2% |
| Income taxes | 67/77 | €74,936 | €55,974 | -€18,962 | -25.3% |
| Profit (loss) for the period | 9904 | €155,559 | €104,820 | -€50,739 | -32.6% |
| Profit (loss) for the period to be appropriated | 9905 | €155,559 | €104,820 | -€50,739 | -32.6% |
Source: filed annual accounts (NBB), financial years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.