OPTIEK LOOK: 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 LOOK
Largest movements
- Cash +€360,838
up €360,838 (+693%), from €52,082 to €412,920
mainly Debts after one year (+€562,302) and Short-term financial debts (+€169,186)
- Receivables within one year +€356,152
up €356,152 (+72.7%), from €489,742 to €845,894
- Stocks and contracts +€213,928
up €213,928 (+98.5%), from €217,265 to €431,193
- Current investments -€148,398
down €148,398 (-31.3%), from €474,126 to €325,728
- Debts after one year +€562,302
up €562,302 (+125%), from €450,292 to €1.0m
- Short-term financial debts +€169,186
up €169,186 (+103%), from €163,500 to €332,686
- Other debts +€54,747
up €54,747 (+523%), from €10,476 to €65,223
- Financial income -€233,877
down €233,877 (-79.4%), from €294,564 to €60,687
- Gross operating margin +€42,277
up €42,277 (+81.8%), from -€51,702 to -€9,424
- Financial charges +€27,453
up €27,453 (+130%), from €21,181 to €48,634
- Other operating charges -€606
down €606 (-11.1%), from €5,449 to €4,844
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 | €1,427,562 | €2,205,115 | +€777,554 | +54.5% |
| Fixed assets | 21/28 | €68,824 | €63,857 | -€4,966 | -7.2% |
| Tangible fixed assets | 22/27 | €68,724 | €62,257 | -€6,466 | -9.4% |
| Land and buildings | 22 | €68,724 | €62,257 | -€6,466 | -9.4% |
| Financial fixed assets | 28 | €100 | €1,600 | +€1,500 | +1,500% |
| Current assets | 29/58 | €1,358,738 | €2,141,258 | +€782,520 | +57.6% |
| Amounts receivable after more than one year | 29 | €125,523 | €125,523 | = | 0.0% |
| Other amounts receivable | 291 | €125,523 | €125,523 | = | 0.0% |
| Stocks and contracts in progress | 3 | €217,265 | €431,193 | +€213,928 | +98.5% |
| Stocks | 30/36 | €217,265 | €431,193 | +€213,928 | +98.5% |
| Amounts receivable within one year | 40/41 | €489,742 | €845,894 | +€356,152 | +72.7% |
| Other amounts receivable | 41 | €489,742 | €845,894 | +€356,152 | +72.7% |
| Current investments | 50/53 | €474,126 | €325,728 | -€148,398 | -31.3% |
| Cash at bank and in hand | 54/58 | €52,082 | €412,920 | +€360,838 | +693% |
| Total equity and liabilities | 10/49 | €1,427,562 | €2,205,115 | +€777,554 | +54.5% |
| Equity | 10/15 | €733,673 | €724,992 | -€8,681 | -1.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €715,123 | €706,442 | -€8,681 | -1.2% |
| Non-distributable reserves | 130/1 | €13,014 | €13,014 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,014 | €13,014 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,879 | €3,879 | = | 0.0% |
| Distributable reserves | 133 | €698,230 | €689,549 | -€8,681 | -1.2% |
| Amounts payable | 17/49 | €693,889 | €1,480,123 | +€786,235 | +113% |
| Amounts payable after more than one year | 17 | €450,292 | €1,012,595 | +€562,302 | +125% |
| Other amounts payable | 178/9 | €450,292 | €1,012,595 | +€562,302 | +125% |
| Amounts payable within one year | 42/48 | €243,596 | €467,529 | +€223,932 | +91.9% |
| Financial debts | 43 | €163,500 | €332,686 | +€169,186 | +103% |
| Credit institutions | 430/8 | €163,500 | €332,686 | +€169,186 | +103% |
| Trade debts | 44 | €69,620 | €69,620 | = | 0.0% |
| Suppliers | 440/4 | €69,620 | €69,620 | = | 0.0% |
| Other amounts payable | 47/48 | €10,476 | €65,223 | +€54,747 | +523% |
| Non-recurring operating income | 76A | €14,000 | €0 | -€14,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,482 | €6,466 | -€16 | -0.2% |
| Other operating charges | 640/8 | €5,449 | €4,844 | -€606 | -11.1% |
| Gross operating margin | 9900 | -€51,702 | -€9,424 | +€42,277 | +81.8% |
| Operating profit (loss) | 9901 | -€63,634 | -€20,734 | +€42,899 | +67.4% |
| Financial income | 75/76B | €294,564 | €60,687 | -€233,877 | -79.4% |
| Recurring financial income | 75 | €294,564 | €60,687 | -€233,877 | -79.4% |
| Financial charges | 65/66B | €21,181 | €48,634 | +€27,453 | +130% |
| Recurring financial charges | 65 | €21,181 | €48,634 | +€27,453 | +130% |
| Profit (loss) for the period before taxes | 9903 | €209,749 | -€8,681 | -€218,431 | |
| Profit (loss) for the period | 9904 | €209,749 | -€8,681 | -€218,431 | |
| Profit (loss) for the period to be appropriated | 9905 | €209,749 | -€8,681 | -€218,431 |
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 19 October 2026 via checked.be.