OPTIGLASS: 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.
OPTIGLASS
Largest movements
- Tangible fixed assets -€15,499
down €15,499 (-33.4%), from €46,457 to €30,958
of which Plant, machinery and equipment: -€15,317
- Cash -€2,119
down €2,119 (-5.5%), from €38,218 to €36,100
mainly Debts after one year (-€11,647) and Other debts (-€5,923)
- Reserves +€12,193
up €12,193 (+21.4%), from €56,969 to €69,163
of which Distributable reserves: +€12,193
- Debts after one year -€11,647
no longer reported in 2025 (was €11,647)
- Other debts -€5,923
down €5,923 (-89.8%), from €6,597 to €673
- Tax, wage and social debts -€5,910
down €5,910 (-31.4%), from €18,829 to €12,919
of which Taxes: -€5,367
- Trade debts -€4,603
down €4,603 (-14.4%), from €32,033 to €27,430
- Staff costs +€11,043
up €11,043 (+35.6%), from €31,008 to €42,051
- Taxes -€5,587
down €5,587 (-45.8%), from €12,208 to €6,621
- Write-downs +€3,139
up €3,139, from -€1,888 to €1,251
- Gross operating margin +€1,074
up €1,074 (+1.3%), from €80,497 to €81,571
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 | €180,903 | €163,175 | -€17,728 | -9.8% |
| Fixed assets | 21/28 | €46,457 | €30,958 | -€15,499 | -33.4% |
| Tangible fixed assets | 22/27 | €46,457 | €30,958 | -€15,499 | -33.4% |
| Plant, machinery and equipment | 23 | €45,754 | €30,437 | -€15,317 | -33.5% |
| Furniture and vehicles | 24 | €703 | €521 | -€182 | -25.8% |
| Current assets | 29/58 | €134,446 | €132,216 | -€2,230 | -1.7% |
| Stocks and contracts in progress | 3 | €77,853 | €77,987 | +€133 | +0.2% |
| Stocks | 30/36 | €77,853 | €77,987 | +€133 | +0.2% |
| Amounts receivable within one year | 40/41 | €18,214 | €18,036 | -€178 | -1.0% |
| Trade receivables | 40 | €17,278 | €6,458 | -€10,820 | -62.6% |
| Other amounts receivable | 41 | €936 | €11,577 | +€10,641 | +1,137% |
| Cash at bank and in hand | 54/58 | €38,218 | €36,100 | -€2,119 | -5.5% |
| Deferred charges and accrued income | 490/1 | €160 | €94 | -€66 | -41.0% |
| Total equity and liabilities | 10/49 | €180,903 | €163,175 | -€17,728 | -9.8% |
| Equity | 10/15 | €106,584 | €118,777 | +€12,193 | +11.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €56,969 | €69,163 | +€12,193 | +21.4% |
| Tax-exempt reserves | 132 | €120 | €120 | = | 0.0% |
| Distributable reserves | 133 | €56,849 | €69,043 | +€12,193 | +21.4% |
| Profit (loss) carried forward | 14 | €31,065 | €31,065 | = | 0.0% |
| Amounts payable | 17/49 | €74,319 | €44,398 | -€29,922 | -40.3% |
| Amounts payable after more than one year | 17 | €11,647 | - | -€11,647 | |
| Trade debts | 175 | €11,647 | - | -€11,647 | |
| Amounts payable within one year | 42/48 | €62,612 | €44,357 | -€18,255 | -29.2% |
| Current portion of amounts payable after more than one year | 42 | €5,152 | €3,334 | -€1,819 | -35.3% |
| Trade debts | 44 | €32,033 | €27,430 | -€4,603 | -14.4% |
| Suppliers | 440/4 | €32,033 | €27,430 | -€4,603 | -14.4% |
| Taxes, remuneration and social security | 45 | €18,829 | €12,919 | -€5,910 | -31.4% |
| Taxes | 450/3 | €9,570 | €4,202 | -€5,367 | -56.1% |
| Remuneration and social security | 454/9 | €9,260 | €8,717 | -€543 | -5.9% |
| Other amounts payable | 47/48 | €6,597 | €673 | -€5,923 | -89.8% |
| Accrued charges and deferred income | 492/3 | €61 | €41 | -€20 | -32.5% |
| Remuneration, social security and pensions | 62 | €31,008 | €42,051 | +€11,043 | +35.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,172 | €15,499 | +€327 | +2.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,888 | €1,251 | +€3,139 | |
| Other operating charges | 640/8 | €819 | €1,226 | +€408 | +49.8% |
| Gross operating margin | 9900 | €80,497 | €81,571 | +€1,074 | +1.3% |
| Operating profit (loss) | 9901 | €35,386 | €21,544 | -€13,842 | -39.1% |
| Financial income | 75/76B | €244 | €905 | +€661 | +270% |
| Recurring financial income | 75 | €244 | €905 | +€661 | +270% |
| Financial charges | 65/66B | €3,063 | €3,634 | +€571 | +18.6% |
| Recurring financial charges | 65 | €3,063 | €3,634 | +€571 | +18.6% |
| Profit (loss) for the period before taxes | 9903 | €32,567 | €18,814 | -€13,753 | -42.2% |
| Income taxes | 67/77 | €12,208 | €6,621 | -€5,587 | -45.8% |
| Profit (loss) for the period | 9904 | €20,359 | €12,193 | -€8,166 | -40.1% |
| Profit (loss) for the period to be appropriated | 9905 | €20,359 | €12,193 | -€8,166 | -40.1% |
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 13 October 2026 via checked.be.