OPTIEK PIETERS: 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 PIETERS
Largest movements
- Tangible fixed assets -€27,658
down €27,658 (-9.9%), from €279,646 to €251,988
of which Land and buildings: -€20,524
- Intangible fixed assets -€7,980
down €7,980 (-6.7%), from €119,697 to €111,718
- Cash +€7,794
up €7,794 (+49.5%), from €15,739 to €23,533
mainly Depreciation (+€35,638) and Net result for the year (+€7,216)
- Debts after one year -€26,203
down €26,203 (-13.0%), from €200,948 to €174,745
- Trade debts -€9,857
down €9,857 (-44.2%), from €22,291 to €12,434
- Current portion of long-term debt +€5,814
up €5,814 (+47.7%), from €12,202 to €18,016
- Gross operating margin +€14,430
up €14,430 (+38.6%), from €37,365 to €51,795
- Depreciation +€12,070
up €12,070 (+51.2%), from €23,569 to €35,638
- Financial charges +€4,212
up €4,212 (+237%), from €1,778 to €5,990
- Taxes -€2,468
down €2,468 (-52.3%), from €4,718 to €2,250
- Financial income -€1,179
no longer reported in 2025 (was €1,179)
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 | €493,631 | €465,715 | -€27,916 | -5.7% |
| Fixed assets | 21/28 | €399,343 | €363,705 | -€35,638 | -8.9% |
| Intangible fixed assets | 21 | €119,697 | €111,718 | -€7,980 | -6.7% |
| Tangible fixed assets | 22/27 | €279,646 | €251,988 | -€27,658 | -9.9% |
| Land and buildings | 22 | €253,808 | €233,284 | -€20,524 | -8.1% |
| Plant, machinery and equipment | 23 | €25,718 | €18,704 | -€7,014 | -27.3% |
| Furniture and vehicles | 24 | €121 | €0 | -€121 | -100% |
| Current assets | 29/58 | €94,288 | €102,010 | +€7,723 | +8.2% |
| Stocks and contracts in progress | 3 | €49,492 | €50,282 | +€790 | +1.6% |
| Stocks | 30/36 | €49,492 | €50,282 | +€790 | +1.6% |
| Amounts receivable within one year | 40/41 | €29,057 | €28,196 | -€861 | -3.0% |
| Other amounts receivable | 41 | €29,057 | €28,196 | -€861 | -3.0% |
| Cash at bank and in hand | 54/58 | €15,739 | €23,533 | +€7,794 | +49.5% |
| Total equity and liabilities | 10/49 | €493,631 | €465,715 | -€27,916 | -5.7% |
| Equity | 10/15 | €248,696 | €252,560 | +€3,864 | +1.6% |
| Contributions | 10/11 | €30,160 | €30,160 | = | 0.0% |
| Reserves | 13 | €346,824 | €346,824 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,741 | €10,741 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,741 | €10,741 | = | 0.0% |
| Distributable reserves | 133 | €336,082 | €336,082 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€128,288 | -€124,424 | +€3,864 | +3.0% |
| Amounts payable | 17/49 | €244,935 | €213,156 | -€31,780 | -13.0% |
| Amounts payable after more than one year | 17 | €200,948 | €174,745 | -€26,203 | -13.0% |
| Financial debts | 170/4 | €200,948 | €174,745 | -€26,203 | -13.0% |
| Amounts payable within one year | 42/48 | €43,988 | €38,411 | -€5,577 | -12.7% |
| Current portion of amounts payable after more than one year | 42 | €12,202 | €18,016 | +€5,814 | +47.7% |
| Trade debts | 44 | €22,291 | €12,434 | -€9,857 | -44.2% |
| Suppliers | 440/4 | €22,291 | €12,434 | -€9,857 | -44.2% |
| Taxes, remuneration and social security | 45 | €9,495 | €7,961 | -€1,534 | -16.2% |
| Taxes | 450/3 | €8,556 | €6,084 | -€2,472 | -28.9% |
| Remuneration and social security | 454/9 | €938 | €1,877 | +€938 | +100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,569 | €35,638 | +€12,070 | +51.2% |
| Other operating charges | 640/8 | €715 | €701 | -€14 | -2.0% |
| Operating charges capitalised as restructuring costs | 649 | €0 | €0 | = | |
| Gross operating margin | 9900 | €37,365 | €51,795 | +€14,430 | +38.6% |
| Operating profit (loss) | 9901 | €13,081 | €15,456 | +€2,374 | +18.2% |
| Financial income | 75/76B | €1,179 | - | -€1,179 | |
| Recurring financial income | 75 | €1,179 | - | -€1,179 | |
| Financial charges | 65/66B | €1,778 | €5,990 | +€4,212 | +237% |
| Recurring financial charges | 65 | €1,778 | €5,990 | +€4,212 | +237% |
| Profit (loss) for the period before taxes | 9903 | €12,482 | €9,466 | -€3,016 | -24.2% |
| Income taxes | 67/77 | €4,718 | €2,250 | -€2,468 | -52.3% |
| Profit (loss) for the period | 9904 | €7,765 | €7,216 | -€548 | -7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,765 | €7,216 | -€548 | -7.1% |
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 20 October 2026 via checked.be.