Optiek Marcel: 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 Marcel
Largest movements
- Tangible fixed assets +€342,791
up €342,791 (+835.0%), from €41,054 to €383,845
of which Land and buildings: +€340,225
- Cash -€35,426
down €35,426 (-76.1%), from €46,571 to €11,145
mainly Investment in fixed assets (net) (-€367,137) and Stocks and contracts (-€28,250)
- Stocks and contracts +€28,250
up €28,250 (+67.3%), from €41,946 to €70,196
- Intangible fixed assets -€8,000
down €8,000 (-11.9%), from €66,951 to €58,951
- Receivables within one year +€6,007
up €6,007 (+299.4%), from €2,007 to €8,014
of which Trade receivables: +€6,811
- Debts after one year +€256,658
up €256,658 (+515.9%), from €49,751 to €306,409
- Reserves +€63,451
up €63,451 (+90.0%), from €70,465 to €133,916
- Current portion of long-term debt +€10,153
up €10,153 (+45.8%), from €22,173 to €32,326
- Advances received +€9,528
new in 2025: €9,528
- Trade debts -€9,399
down €9,399 (-29.6%), from €31,725 to €22,326
- Gross operating margin +€16,379
up €16,379 (+11.6%), from €141,129 to €157,508
- Depreciation +€9,354
up €9,354 (+40.7%), from €22,992 to €32,346
- Write-downs +€7,800
new in 2025: €7,800
- Taxes +€4,674
up €4,674 (+17.4%), from €26,833 to €31,506
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 | €198,611 | €532,835 | +€334,224 | +168.3% |
| Fixed assets | 21/28 | €108,004 | €442,796 | +€334,791 | +310.0% |
| Intangible fixed assets | 21 | €66,951 | €58,951 | -€8,000 | -11.9% |
| Tangible fixed assets | 22/27 | €41,054 | €383,845 | +€342,791 | +835.0% |
| Land and buildings | 22 | €15,275 | €355,500 | +€340,225 | +2227.3% |
| Plant, machinery and equipment | 23 | €23,262 | €25,553 | +€2,291 | +9.8% |
| Furniture and vehicles | 24 | €2,516 | €2,792 | +€276 | +11.0% |
| Current assets | 29/58 | €90,607 | €90,039 | -€567 | -0.6% |
| Stocks and contracts in progress | 3 | €41,946 | €70,196 | +€28,250 | +67.3% |
| Stocks | 30/36 | €41,946 | €70,196 | +€28,250 | +67.3% |
| Amounts receivable within one year | 40/41 | €2,007 | €8,014 | +€6,007 | +299.4% |
| Trade receivables | 40 | €1,203 | €8,014 | +€6,811 | +566.4% |
| Other amounts receivable | 41 | €804 | - | -€804 | |
| Cash at bank and in hand | 54/58 | €46,571 | €11,145 | -€35,426 | -76.1% |
| Deferred charges and accrued income | 490/1 | €83 | €684 | +€601 | +722.6% |
| Total equity and liabilities | 10/49 | €198,611 | €532,835 | +€334,224 | +168.3% |
| Equity | 10/15 | €80,466 | €143,917 | +€63,451 | +78.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €70,465 | €133,916 | +€63,451 | +90.0% |
| Distributable reserves | 133 | €70,465 | €133,916 | +€63,451 | +90.0% |
| Profit (loss) carried forward | 14 | €1 | €1 | = | 0.0% |
| Amounts payable | 17/49 | €118,145 | €388,918 | +€270,773 | +229.2% |
| Amounts payable after more than one year | 17 | €49,751 | €306,409 | +€256,658 | +515.9% |
| Financial debts | 170/4 | €49,751 | €306,409 | +€256,658 | +515.9% |
| Amounts payable within one year | 42/48 | €68,394 | €82,510 | +€14,115 | +20.6% |
| Current portion of amounts payable after more than one year | 42 | €22,173 | €32,326 | +€10,153 | +45.8% |
| Trade debts | 44 | €31,725 | €22,326 | -€9,399 | -29.6% |
| Suppliers | 440/4 | €31,725 | €22,326 | -€9,399 | -29.6% |
| Advances received on contracts in progress | 46 | - | €9,528 | +€9,528 | |
| Taxes, remuneration and social security | 45 | €14,325 | €17,041 | +€2,716 | +19.0% |
| Taxes | 450/3 | €14,325 | €14,394 | +€69 | +0.5% |
| Remuneration and social security | 454/9 | - | €2,647 | +€2,647 | |
| Other amounts payable | 47/48 | €171 | €1,288 | +€1,117 | +654.3% |
| Remuneration, social security and pensions | 62 | €4,051 | €4,519 | +€467 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,992 | €32,346 | +€9,354 | +40.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €7,800 | +€7,800 | |
| Other operating charges | 640/8 | €2,114 | €1,839 | -€275 | -13.0% |
| Gross operating margin | 9900 | €141,129 | €157,508 | +€16,379 | +11.6% |
| Operating profit (loss) | 9901 | €111,971 | €111,004 | -€967 | -0.9% |
| Financial income | 75/76B | €257 | €170 | -€87 | -33.8% |
| Recurring financial income | 75 | €257 | €170 | -€87 | -33.8% |
| Financial charges | 65/66B | €14,930 | €16,217 | +€1,288 | +8.6% |
| Recurring financial charges | 65 | €14,930 | €16,217 | +€1,288 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | €97,299 | €94,957 | -€2,342 | -2.4% |
| Income taxes | 67/77 | €26,833 | €31,506 | +€4,674 | +17.4% |
| Profit (loss) for the period | 9904 | €70,466 | €63,451 | -€7,015 | -10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €70,466 | €63,451 | -€7,015 | -10.0% |
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 10 October 2026 via checked.be.