OPTIEKPUNT: 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.
OPTIEKPUNT
Largest movements
- Cash +€184,658
up €184,658 (+86.4%), from €213,846 to €398,504
mainly Net result for the year (+€217,062) and Receivables after one year (+€157,102)
- Receivables after one year -€157,102
no longer reported in 2025 (was €157,102)
- Tangible fixed assets -€101,563
down €101,563 (-23.3%), from €436,791 to €335,228
of which Other tangible fixed assets: -€72,909
- Receivables within one year +€30,942
up €30,942 (+84.5%), from €36,605 to €67,547
of which Other amounts receivable: +€33,939
- Stocks and contracts +€12,245
up €12,245 (+4.7%), from €261,574 to €273,819
- Tax, wage and social debts +€46,607
up €46,607 (+127%), from €36,792 to €83,398
of which Taxes: +€35,035
- Reserves -€43,251
down €43,251 (-6.8%), from €638,491 to €595,240
of which Distributable reserves: -€43,251
- Debts after one year -€34,028
down €34,028 (-13.0%), from €262,664 to €228,635
- Other debts +€19,098
up €19,098 (+222%), from €8,612 to €27,710
- Trade debts -€16,408
down €16,408 (-14.6%), from €112,668 to €96,261
- Gross operating margin +€69,328
up €69,328 (+12.5%), from €552,575 to €621,903
- Taxes +€20,619
up €20,619 (+23.5%), from €87,620 to €108,239
- Financial income -€6,713
down €6,713 (-65.8%), from €10,206 to €3,493
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 | €1,115,664 | €1,080,675 | -€34,989 | -3.1% |
| Fixed assets | 21/28 | €436,791 | €335,228 | -€101,563 | -23.3% |
| Tangible fixed assets | 22/27 | €436,791 | €335,228 | -€101,563 | -23.3% |
| Plant, machinery and equipment | 23 | €48,979 | €27,248 | -€21,731 | -44.4% |
| Furniture and vehicles | 24 | €24,626 | €17,703 | -€6,923 | -28.1% |
| Other tangible fixed assets | 26 | €363,186 | €290,277 | -€72,909 | -20.1% |
| Current assets | 29/58 | €678,873 | €745,447 | +€66,574 | +9.8% |
| Amounts receivable after more than one year | 29 | €157,102 | - | -€157,102 | |
| Other amounts receivable | 291 | €157,102 | - | -€157,102 | |
| Stocks and contracts in progress | 3 | €261,574 | €273,819 | +€12,245 | +4.7% |
| Stocks | 30/36 | €261,574 | €273,819 | +€12,245 | +4.7% |
| Amounts receivable within one year | 40/41 | €36,605 | €67,547 | +€30,942 | +84.5% |
| Trade receivables | 40 | €2,997 | - | -€2,997 | |
| Other amounts receivable | 41 | €33,608 | €67,547 | +€33,939 | +101% |
| Cash at bank and in hand | 54/58 | €213,846 | €398,504 | +€184,658 | +86.4% |
| Deferred charges and accrued income | 490/1 | €9,745 | €5,577 | -€4,168 | -42.8% |
| Total equity and liabilities | 10/49 | €1,115,664 | €1,080,675 | -€34,989 | -3.1% |
| Equity | 10/15 | €644,491 | €601,240 | -€43,251 | -6.7% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €638,491 | €595,240 | -€43,251 | -6.8% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €619,741 | €576,490 | -€43,251 | -7.0% |
| Amounts payable | 17/49 | €471,173 | €479,435 | +€8,262 | +1.8% |
| Amounts payable after more than one year | 17 | €262,664 | €228,635 | -€34,028 | -13.0% |
| Financial debts | 170/4 | €262,664 | €228,635 | -€34,028 | -13.0% |
| Amounts payable within one year | 42/48 | €193,404 | €241,398 | +€47,994 | +24.8% |
| Current portion of amounts payable after more than one year | 42 | €35,332 | €34,028 | -€1,303 | -3.7% |
| Trade debts | 44 | €112,668 | €96,261 | -€16,408 | -14.6% |
| Suppliers | 440/4 | €112,668 | €96,261 | -€16,408 | -14.6% |
| Taxes, remuneration and social security | 45 | €36,792 | €83,398 | +€46,607 | +127% |
| Taxes | 450/3 | €15,434 | €50,469 | +€35,035 | +227% |
| Remuneration and social security | 454/9 | €21,358 | €32,930 | +€11,572 | +54.2% |
| Other amounts payable | 47/48 | €8,612 | €27,710 | +€19,098 | +222% |
| Accrued charges and deferred income | 492/3 | €15,105 | €9,402 | -€5,704 | -37.8% |
| Remuneration, social security and pensions | 62 | €179,620 | €179,475 | -€145 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,169 | €105,127 | +€4,957 | +4.9% |
| Other operating charges | 640/8 | €3,359 | €3,071 | -€289 | -8.6% |
| Gross operating margin | 9900 | €552,575 | €621,903 | +€69,328 | +12.5% |
| Operating profit (loss) | 9901 | €269,426 | €334,230 | +€64,805 | +24.1% |
| Financial income | 75/76B | €10,206 | €3,493 | -€6,713 | -65.8% |
| Recurring financial income | 75 | €10,206 | €3,493 | -€6,713 | -65.8% |
| Financial charges | 65/66B | €12,806 | €12,423 | -€383 | -3.0% |
| Recurring financial charges | 65 | €12,806 | €12,423 | -€383 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €266,826 | €325,300 | +€58,475 | +21.9% |
| Income taxes | 67/77 | €87,620 | €108,239 | +€20,619 | +23.5% |
| Profit (loss) for the period | 9904 | €179,206 | €217,062 | +€37,856 | +21.1% |
| Profit (loss) for the period to be appropriated | 9905 | €179,206 | €217,062 | +€37,856 | +21.1% |
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 29 October 2026 via checked.be.