OPTIEK MOREAU: 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 MOREAU
Largest movements
- Current investments +€180,000
up €180,000 (+384%), from €46,890 to €226,890
- Receivables within one year -€74,943
down €74,943 (-31.5%), from €237,839 to €162,896
- Cash -€32,792
down €32,792 (-42.1%), from €77,842 to €45,050
mainly Current investments (-€180,000) and Trade debts (-€227)
- Reserves +€67,734
up €67,734 (+15.5%), from €436,135 to €503,868
of which Distributable reserves: +€67,734
- Gross operating margin +€21,583
up €21,583 (+30.6%), from €70,594 to €92,177
- Taxes +€6,577
up €6,577 (+33.5%), from €19,615 to €26,193
- Financial income +€1,905
up €1,905 (+86.4%), from €2,205 to €4,111
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 | €488,707 | €560,971 | +€72,264 | +14.8% |
| Fixed assets | 21/28 | €126,135 | €126,135 | = | 0.0% |
| Tangible fixed assets | 22/27 | €126,135 | €126,135 | = | 0.0% |
| Land and buildings | 22 | €113,635 | €113,635 | = | 0.0% |
| Other tangible fixed assets | 26 | €12,500 | €12,500 | = | 0.0% |
| Current assets | 29/58 | €362,571 | €434,836 | +€72,264 | +19.9% |
| Amounts receivable within one year | 40/41 | €237,839 | €162,896 | -€74,943 | -31.5% |
| Other amounts receivable | 41 | €237,839 | €162,896 | -€74,943 | -31.5% |
| Current investments | 50/53 | €46,890 | €226,890 | +€180,000 | +384% |
| Cash at bank and in hand | 54/58 | €77,842 | €45,050 | -€32,792 | -42.1% |
| Total equity and liabilities | 10/49 | €488,707 | €560,971 | +€72,264 | +14.8% |
| Equity | 10/15 | €456,595 | €524,328 | +€67,734 | +14.8% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €436,135 | €503,868 | +€67,734 | +15.5% |
| Tax-exempt reserves | 132 | €8,000 | €8,000 | = | 0.0% |
| Distributable reserves | 133 | €428,135 | €495,868 | +€67,734 | +15.8% |
| Provisions and deferred taxes | 16 | €23,487 | €23,487 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €23,487 | €23,487 | = | 0.0% |
| Pensions and similar obligations | 160 | €23,487 | €23,487 | = | 0.0% |
| Amounts payable | 17/49 | €8,625 | €13,155 | +€4,531 | +52.5% |
| Amounts payable within one year | 42/48 | €8,625 | €13,155 | +€4,531 | +52.5% |
| Trade debts | 44 | €2,777 | €2,550 | -€227 | -8.2% |
| Suppliers | 440/4 | €2,777 | €2,550 | -€227 | -8.2% |
| Taxes, remuneration and social security | 45 | €5,847 | €10,605 | +€4,758 | +81.4% |
| Taxes | 450/3 | €5,847 | €10,605 | +€4,758 | +81.4% |
| Other operating charges | 640/8 | €2,099 | €2,162 | +€63 | +3.0% |
| Gross operating margin | 9900 | €70,594 | €92,177 | +€21,583 | +30.6% |
| Operating profit (loss) | 9901 | €68,495 | €90,015 | +€21,520 | +31.4% |
| Financial income | 75/76B | €2,205 | €4,111 | +€1,905 | +86.4% |
| Recurring financial income | 75 | €2,205 | €4,111 | +€1,905 | +86.4% |
| Financial charges | 65/66B | €416 | €200 | -€216 | -51.9% |
| Recurring financial charges | 65 | €416 | €200 | -€216 | -51.9% |
| Profit (loss) for the period before taxes | 9903 | €70,285 | €93,926 | +€23,641 | +33.6% |
| Income taxes | 67/77 | €19,615 | €26,193 | +€6,577 | +33.5% |
| Profit (loss) for the period | 9904 | €50,669 | €67,734 | +€17,064 | +33.7% |
| Profit (loss) for the period to be appropriated | 9905 | €50,669 | €67,734 | +€17,064 | +33.7% |
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 22 October 2026 via checked.be.