OPTICOBA: 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.
OPTICOBA
Largest movements
- Cash +€160,704
up €160,704 (+55.9%), from €287,238 to €447,942
mainly Net result for the year (+€130,901) and Depreciation (+€94,818)
- Tangible fixed assets -€91,298
down €91,298 (-13.0%), from €702,861 to €611,563
of which Land and buildings: -€63,235
- Stocks and contracts +€16,583
up €16,583 (+12.9%), from €128,980 to €145,563
- Reserves +€130,901
up €130,901 (+30.3%), from €432,439 to €563,340
of which Distributable reserves: +€130,901
- Debts after one year -€75,364
down €75,364 (-16.3%), from €461,282 to €385,918
- Tax, wage and social debts +€26,551
up €26,551 (+66.4%), from €39,986 to €66,536
of which Taxes: +€24,329
- Gross operating margin +€73,506
up €73,506 (+22.5%), from €326,356 to €399,863
- Taxes +€27,502
up €27,502 (+88.1%), from €31,225 to €58,727
- Depreciation +€7,170
up €7,170 (+8.2%), from €87,649 to €94,818
- Financial charges -€5,457
down €5,457 (-21.8%), from €25,000 to €19,543
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 | €1,128,945 | €1,207,581 | +€78,637 | +7.0% |
| Fixed assets | 21/28 | €702,956 | €611,658 | -€91,298 | -13.0% |
| Tangible fixed assets | 22/27 | €702,861 | €611,563 | -€91,298 | -13.0% |
| Land and buildings | 22 | €614,303 | €551,068 | -€63,235 | -10.3% |
| Plant, machinery and equipment | 23 | €45,202 | €33,063 | -€12,139 | -26.9% |
| Furniture and vehicles | 24 | €41,547 | €26,072 | -€15,476 | -37.2% |
| Other tangible fixed assets | 26 | €1,810 | €1,361 | -€449 | -24.8% |
| Financial fixed assets | 28 | €95 | €95 | = | 0.0% |
| Current assets | 29/58 | €425,988 | €595,923 | +€169,935 | +39.9% |
| Stocks and contracts in progress | 3 | €128,980 | €145,563 | +€16,583 | +12.9% |
| Stocks | 30/36 | €128,980 | €145,563 | +€16,583 | +12.9% |
| Amounts receivable within one year | 40/41 | €6,412 | €351 | -€6,061 | -94.5% |
| Trade receivables | 40 | €5,126 | €351 | -€4,776 | -93.2% |
| Other amounts receivable | 41 | €1,286 | €0 | -€1,286 | -100.0% |
| Cash at bank and in hand | 54/58 | €287,238 | €447,942 | +€160,704 | +55.9% |
| Deferred charges and accrued income | 490/1 | €3,358 | €2,068 | -€1,290 | -38.4% |
| Total equity and liabilities | 10/49 | €1,128,945 | €1,207,581 | +€78,637 | +7.0% |
| Equity | 10/15 | €444,839 | €575,740 | +€130,901 | +29.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €432,439 | €563,340 | +€130,901 | +30.3% |
| Non-distributable reserves | 130/1 | €1,856 | €1,856 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,856 | €1,856 | = | 0.0% |
| Distributable reserves | 133 | €430,583 | €561,484 | +€130,901 | +30.4% |
| Amounts payable | 17/49 | €684,106 | €631,842 | -€52,264 | -7.6% |
| Amounts payable after more than one year | 17 | €461,282 | €385,918 | -€75,364 | -16.3% |
| Financial debts | 170/4 | €461,282 | €385,918 | -€75,364 | -16.3% |
| Amounts payable within one year | 42/48 | €220,098 | €242,897 | +€22,799 | +10.4% |
| Current portion of amounts payable after more than one year | 42 | €81,027 | €78,705 | -€2,322 | -2.9% |
| Trade debts | 44 | €64,838 | €56,936 | -€7,902 | -12.2% |
| Suppliers | 440/4 | €64,838 | €56,936 | -€7,902 | -12.2% |
| Taxes, remuneration and social security | 45 | €39,986 | €66,536 | +€26,551 | +66.4% |
| Taxes | 450/3 | €24,895 | €49,224 | +€24,329 | +97.7% |
| Remuneration and social security | 454/9 | €15,091 | €17,312 | +€2,221 | +14.7% |
| Other amounts payable | 47/48 | €34,247 | €40,719 | +€6,472 | +18.9% |
| Accrued charges and deferred income | 492/3 | €2,726 | €3,027 | +€302 | +11.1% |
| Remuneration, social security and pensions | 62 | €88,241 | €91,507 | +€3,266 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,649 | €94,818 | +€7,170 | +8.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,117 | €2,603 | +€3,719 | |
| Other operating charges | 640/8 | €6,680 | €6,946 | +€266 | +4.0% |
| Gross operating margin | 9900 | €326,356 | €399,863 | +€73,506 | +22.5% |
| Operating profit (loss) | 9901 | €144,904 | €203,988 | +€59,084 | +40.8% |
| Financial income | 75/76B | €5,079 | €5,182 | +€103 | +2.0% |
| Recurring financial income | 75 | €5,079 | €5,182 | +€103 | +2.0% |
| Financial charges | 65/66B | €25,000 | €19,543 | -€5,457 | -21.8% |
| Recurring financial charges | 65 | €25,000 | €19,543 | -€5,457 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €124,983 | €189,628 | +€64,645 | +51.7% |
| Income taxes | 67/77 | €31,225 | €58,727 | +€27,502 | +88.1% |
| Profit (loss) for the period | 9904 | €93,758 | €130,901 | +€37,143 | +39.6% |
| Profit (loss) for the period to be appropriated | 9905 | €93,758 | €130,901 | +€37,143 | +39.6% |
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.