OPTIEK KEPPENS: 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 KEPPENS
Largest movements
- Receivables within one year +€48,598
up €48,598 (+5,826%), from €834 to €49,432
of which Other amounts receivable: +€48,458
- Cash -€44,392
down €44,392 (-15.5%), from €286,079 to €241,687
mainly Debts after one year (-€140,475) and Receivables within one year (-€48,598)
- Intangible fixed assets -€22,999
down €22,999 (-12.1%), from €189,930 to €166,931
- Tangible fixed assets -€18,488
down €18,488 (-21.7%), from €85,115 to €66,627
of which Other tangible fixed assets: -€11,921
- Debts after one year -€140,475
down €140,475 (-48.9%), from €287,223 to €146,749
of which Other amounts payable: -€103,690
- Reserves +€97,666
up €97,666 (+50.2%), from €194,690 to €292,356
- Tax, wage and social debts +€14,600
up €14,600 (+19.4%), from €75,083 to €89,683
of which Taxes: +€17,886
- Trade debts -€13,702
down €13,702 (-48.4%), from €28,334 to €14,632
- Gross operating margin -€13,813
down €13,813 (-5.4%), from €257,980 to €244,167
- Taxes -€3,552
down €3,552 (-10.5%), from €33,718 to €30,166
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 | €636,772 | €594,508 | -€42,264 | -6.6% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €275,045 | €233,558 | -€41,487 | -15.1% |
| Intangible fixed assets | 21 | €189,930 | €166,931 | -€22,999 | -12.1% |
| Tangible fixed assets | 22/27 | €85,115 | €66,627 | -€18,488 | -21.7% |
| Plant, machinery and equipment | 23 | €23,194 | €16,957 | -€6,237 | -26.9% |
| Furniture and vehicles | 24 | €22,052 | €21,722 | -€331 | -1.5% |
| Other tangible fixed assets | 26 | €39,869 | €27,948 | -€11,921 | -29.9% |
| Current assets | 29/58 | €361,727 | €360,950 | -€777 | -0.2% |
| Stocks and contracts in progress | 3 | €72,908 | €67,918 | -€4,990 | -6.8% |
| Stocks | 30/36 | €72,908 | €67,918 | -€4,990 | -6.8% |
| Amounts receivable within one year | 40/41 | €834 | €49,432 | +€48,598 | +5,826% |
| Trade receivables | 40 | €834 | €974 | +€140 | +16.8% |
| Other amounts receivable | 41 | €0 | €48,458 | +€48,458 | |
| Cash at bank and in hand | 54/58 | €286,079 | €241,687 | -€44,392 | -15.5% |
| Deferred charges and accrued income | 490/1 | €1,906 | €1,913 | +€7 | +0.4% |
| Total equity and liabilities | 10/49 | €636,772 | €594,508 | -€42,264 | -6.6% |
| Equity | 10/15 | €199,690 | €297,356 | +€97,666 | +48.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €194,690 | €292,356 | +€97,666 | +50.2% |
| Distributable reserves | 133 | €194,690 | €292,356 | +€97,666 | +50.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €437,082 | €297,152 | -€139,930 | -32.0% |
| Amounts payable after more than one year | 17 | €287,223 | €146,749 | -€140,475 | -48.9% |
| Financial debts | 170/4 | €183,533 | €146,749 | -€36,785 | -20.0% |
| Other amounts payable | 178/9 | €103,690 | €0 | -€103,690 | -100% |
| Amounts payable within one year | 42/48 | €149,304 | €146,519 | -€2,784 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €36,454 | €36,785 | +€330 | +0.9% |
| Trade debts | 44 | €28,334 | €14,632 | -€13,702 | -48.4% |
| Suppliers | 440/4 | €28,334 | €14,632 | -€13,702 | -48.4% |
| Taxes, remuneration and social security | 45 | €75,083 | €89,683 | +€14,600 | +19.4% |
| Taxes | 450/3 | €65,602 | €83,488 | +€17,886 | +27.3% |
| Remuneration and social security | 454/9 | €9,482 | €6,195 | -€3,286 | -34.7% |
| Other amounts payable | 47/48 | €9,433 | €5,420 | -€4,013 | -42.5% |
| Accrued charges and deferred income | 492/3 | €555 | €3,884 | +€3,329 | +600% |
| Remuneration, social security and pensions | 62 | €47,421 | €48,984 | +€1,563 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,678 | €48,034 | +€2,356 | +5.2% |
| Other operating charges | 640/8 | €941 | €2,012 | +€1,071 | +114% |
| Gross operating margin | 9900 | €257,980 | €244,167 | -€13,813 | -5.4% |
| Operating profit (loss) | 9901 | €163,939 | €145,137 | -€18,803 | -11.5% |
| Financial income | 75/76B | €2,841 | €3,973 | +€1,132 | +39.8% |
| Recurring financial income | 75 | €2,841 | €3,973 | +€1,132 | +39.8% |
| Financial charges | 65/66B | €14,642 | €15,858 | +€1,216 | +8.3% |
| Recurring financial charges | 65 | €14,642 | €15,858 | +€1,216 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | €152,139 | €133,252 | -€18,887 | -12.4% |
| Income taxes | 67/77 | €33,718 | €30,166 | -€3,552 | -10.5% |
| Profit (loss) for the period | 9904 | €118,421 | €103,086 | -€15,335 | -12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €118,421 | €103,086 | -€15,335 | -12.9% |
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 31 October 2026 via checked.be.