OPTICAL: 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.
OPTICAL
Largest movements
- Receivables within one year +€126,397
up €126,397 (+59,621%), from €212 to €126,609
of which Other amounts receivable: +€125,175
- Tangible fixed assets +€61,740
up €61,740 (+171%), from €36,156 to €97,896
of which Furniture and vehicles: +€68,229
- Cash +€21,214
up €21,214 (+19.5%), from €109,013 to €130,226
mainly Net result for the year (+€107,420) and Other debts (+€100,053)
- Reserves +€107,420
up €107,420 (+62.4%), from €172,020 to €279,440
of which Distributable reserves: +€107,420
- Other debts +€100,053
up €100,053 (+34.5%), from €289,901 to €389,955
- Debts after one year -€45,714
down €45,714 (-11.2%), from €407,143 to €361,428
- Current portion of long-term debt +€16,859
up €16,859 (+19.7%), from €85,714 to €102,574
- Taxes -€38,079
down €38,079 (-60.7%), from €62,784 to €24,705
- Depreciation +€16,187
up €16,187 (+105%), from €15,396 to €31,583
- Gross operating margin +€10,843
up €10,843 (+5.4%), from €201,199 to €212,042
- Financial charges +€7,205
up €7,205 (+21.4%), from €33,671 to €40,876
- Other operating charges +€5,861
up €5,861 (+367%), from €1,597 to €7,459
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 | €1,125,380 | €1,324,731 | +€199,351 | +17.7% |
| Fixed assets | 21/28 | €1,006,156 | €1,067,896 | +€61,740 | +6.1% |
| Tangible fixed assets | 22/27 | €36,156 | €97,896 | +€61,740 | +171% |
| Land and buildings | 22 | €14,724 | €11,411 | -€3,313 | -22.5% |
| Plant, machinery and equipment | 23 | €20,289 | €17,112 | -€3,177 | -15.7% |
| Furniture and vehicles | 24 | €1,143 | €69,373 | +€68,229 | +5,968% |
| Financial fixed assets | 28 | €970,000 | €970,000 | = | 0.0% |
| Current assets | 29/58 | €119,225 | €256,835 | +€137,611 | +115% |
| Amounts receivable within one year | 40/41 | €212 | €126,609 | +€126,397 | +59,621% |
| Trade receivables | 40 | €212 | €1,434 | +€1,222 | +576% |
| Other amounts receivable | 41 | - | €125,175 | +€125,175 | |
| Cash at bank and in hand | 54/58 | €109,013 | €130,226 | +€21,214 | +19.5% |
| Deferred charges and accrued income | 490/1 | €10,000 | - | -€10,000 | |
| Total equity and liabilities | 10/49 | €1,125,380 | €1,324,731 | +€199,351 | +17.7% |
| Equity | 10/15 | €303,916 | €411,336 | +€107,420 | +35.3% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €172,020 | €279,440 | +€107,420 | +62.4% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Distributable reserves | 133 | €170,145 | €277,565 | +€107,420 | +63.1% |
| Profit (loss) carried forward | 14 | €113,146 | €113,146 | = | 0.0% |
| Amounts payable | 17/49 | €821,465 | €913,395 | +€91,931 | +11.2% |
| Amounts payable after more than one year | 17 | €407,143 | €361,428 | -€45,714 | -11.2% |
| Financial debts | 170/4 | €407,143 | €361,428 | -€45,714 | -11.2% |
| Amounts payable within one year | 42/48 | €404,419 | €536,122 | +€131,703 | +32.6% |
| Current portion of amounts payable after more than one year | 42 | €85,714 | €102,574 | +€16,859 | +19.7% |
| Trade debts | 44 | €3,332 | €10,487 | +€7,155 | +215% |
| Suppliers | 440/4 | €3,332 | €10,487 | +€7,155 | +215% |
| Taxes, remuneration and social security | 45 | €25,471 | €33,107 | +€7,635 | +30.0% |
| Taxes | 450/3 | €25,169 | €27,479 | +€2,309 | +9.2% |
| Remuneration and social security | 454/9 | €302 | €5,628 | +€5,326 | +1,764% |
| Other amounts payable | 47/48 | €289,901 | €389,955 | +€100,053 | +34.5% |
| Accrued charges and deferred income | 492/3 | €9,903 | €15,845 | +€5,942 | +60.0% |
| Non-recurring operating income | 76A | - | €17,000 | +€17,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,396 | €31,583 | +€16,187 | +105% |
| Other operating charges | 640/8 | €1,597 | €7,459 | +€5,861 | +367% |
| Gross operating margin | 9900 | €201,199 | €212,042 | +€10,843 | +5.4% |
| Operating profit (loss) | 9901 | €184,206 | €173,000 | -€11,206 | -6.1% |
| Financial income | 75/76B | €1,010 | €1 | -€1,009 | -99.9% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +263% |
| Non-recurring financial income | 76B | €1,010 | - | -€1,010 | |
| Financial charges | 65/66B | €33,671 | €40,876 | +€7,205 | +21.4% |
| Recurring financial charges | 65 | €33,671 | €40,876 | +€7,205 | +21.4% |
| Profit (loss) for the period before taxes | 9903 | €151,545 | €132,125 | -€19,419 | -12.8% |
| Income taxes | 67/77 | €62,784 | €24,705 | -€38,079 | -60.7% |
| Profit (loss) for the period | 9904 | €88,761 | €107,420 | +€18,659 | +21.0% |
| Profit (loss) for the period to be appropriated | 9905 | €88,761 | €107,420 | +€18,659 | +21.0% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.