OPTIEK GUY FREDERIX: 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.
OPTIEK GUY FREDERIX
Largest movements
- Deferred charges and accrued income -€2,530
down €2,530 (-95.2%), from €2,658 to €129
- Tangible fixed assets -€1,274
down €1,274 (-28.2%), from €4,523 to €3,250
- Cash +€1,183
up €1,183 (+18.2%), from €6,492 to €7,675
mainly Trade debts (+€2,691) and Deferred charges and accrued income (+€2,530)
- Debts after one year -€6,519
down €6,519 (-65.2%), from €10,000 to €3,481
- Trade debts +€2,691
up €2,691 (+178%), from €1,514 to €4,205
- Reserves +€1,468
up €1,468 (+66.4%), from €2,210 to €3,678
of which Distributable reserves: +€1,468
- Other debts +€488
up €488 (+46.3%), from €1,054 to €1,541
- Tax, wage and social debts -€479
down €479 (-15.8%), from €3,028 to €2,549
of which Taxes: -€479
- Financial income -€83,435
down €83,435 (-100.0%), from €83,435 to €0
of which Non-recurring financial income: -€83,125
- Write-downs -€29,364
no longer reported in 2025 (was €29,364)
- Gross operating margin -€6,037
down €6,037 (-63.1%), from €9,573 to €3,536
- Depreciation -€281
down €281 (-18.1%), from €1,555 to €1,274
- Financial charges +€117
up €117 (+45.3%), from €257 to €374
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 | €36,406 | €34,055 | -€2,351 | -6.5% |
| Fixed assets | 21/28 | €4,523 | €3,250 | -€1,274 | -28.2% |
| Tangible fixed assets | 22/27 | €4,523 | €3,250 | -€1,274 | -28.2% |
| Plant, machinery and equipment | 23 | €4,523 | €3,250 | -€1,274 | -28.2% |
| Current assets | 29/58 | €31,883 | €30,805 | -€1,078 | -3.4% |
| Stocks and contracts in progress | 3 | €21,682 | €21,912 | +€230 | +1.1% |
| Stocks | 30/36 | €21,682 | €21,912 | +€230 | +1.1% |
| Amounts receivable within one year | 40/41 | €1,050 | €1,089 | +€39 | +3.7% |
| Trade receivables | 40 | - | €39 | +€39 | |
| Other amounts receivable | 41 | €1,050 | €1,050 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,492 | €7,675 | +€1,183 | +18.2% |
| Deferred charges and accrued income | 490/1 | €2,658 | €129 | -€2,530 | -95.2% |
| Total equity and liabilities | 10/49 | €36,406 | €34,055 | -€2,351 | -6.5% |
| Equity | 10/15 | €20,810 | €22,278 | +€1,468 | +7.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,210 | €3,678 | +€1,468 | +66.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €350 | €1,818 | +€1,468 | +419% |
| Amounts payable | 17/49 | €15,596 | €11,777 | -€3,819 | -24.5% |
| Amounts payable after more than one year | 17 | €10,000 | €3,481 | -€6,519 | -65.2% |
| Financial debts | 170/4 | €10,000 | €3,481 | -€6,519 | -65.2% |
| Amounts payable within one year | 42/48 | €5,596 | €8,295 | +€2,699 | +48.2% |
| Trade debts | 44 | €1,514 | €4,205 | +€2,691 | +178% |
| Suppliers | 440/4 | €1,514 | €4,205 | +€2,691 | +178% |
| Taxes, remuneration and social security | 45 | €3,028 | €2,549 | -€479 | -15.8% |
| Taxes | 450/3 | €1,067 | €588 | -€479 | -44.9% |
| Remuneration and social security | 454/9 | €1,961 | €1,961 | = | 0.0% |
| Other amounts payable | 47/48 | €1,054 | €1,541 | +€488 | +46.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,555 | €1,274 | -€281 | -18.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €29,364 | - | -€29,364 | |
| Other operating charges | 640/8 | €418 | €420 | +€2 | +0.5% |
| Gross operating margin | 9900 | €9,573 | €3,536 | -€6,037 | -63.1% |
| Operating profit (loss) | 9901 | -€21,764 | €1,842 | +€23,606 | |
| Financial income | 75/76B | €83,435 | €0 | -€83,435 | -100.0% |
| Recurring financial income | 75 | €310 | €0 | -€310 | -100.0% |
| Non-recurring financial income | 76B | €83,125 | - | -€83,125 | |
| Financial charges | 65/66B | €257 | €374 | +€117 | +45.3% |
| Recurring financial charges | 65 | €257 | €374 | +€117 | +45.3% |
| Profit (loss) for the period before taxes | 9903 | €61,414 | €1,468 | -€59,946 | -97.6% |
| Profit (loss) for the period | 9904 | €61,414 | €1,468 | -€59,946 | -97.6% |
| Profit (loss) for the period to be appropriated | 9905 | €61,414 | €1,468 | -€59,946 | -97.6% |
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 28 October 2026 via checked.be.