OPTIQUE BAUWENS: 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.
OPTIQUE BAUWENS
Largest movements
- Stocks and contracts +€26,742
up €26,742 (+30.5%), from €87,760 to €114,502
- Current investments +€19,200
up €19,200 (+12.6%), from €152,776 to €171,975
- Reserves +€79,114
up €79,114 (+19.2%), from €412,411 to €491,525
of which Distributable reserves: +€79,114
- Trade debts -€15,256
down €15,256 (-61.5%), from €24,820 to €9,563
- Other debts -€15,054
down €15,054 (-51.6%), from €29,168 to €14,113
- Financial charges +€9,851
up €9,851 (+1,075%), from €917 to €10,767
of which Financial charges: +€8,930
- Depreciation -€9,340
down €9,340 (-30.6%), from €30,500 to €21,159
- Gross operating margin +€8,918
up €8,918 (+4.6%), from €195,480 to €204,397
- Staff costs +€4,831
up €4,831 (+6.9%), from €69,669 to €74,500
- Taxes -€3,246
down €3,246 (-12.9%), from €25,085 to €21,839
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 | €496,631 | €543,604 | +€46,972 | +9.5% |
| Fixed assets | 21/28 | €51,765 | €53,416 | +€1,651 | +3.2% |
| Intangible fixed assets | 21 | €277 | - | -€277 | |
| Tangible fixed assets | 22/27 | €51,463 | €53,391 | +€1,928 | +3.7% |
| Plant, machinery and equipment | 23 | €10,536 | €16,520 | +€5,983 | +56.8% |
| Furniture and vehicles | 24 | €40,927 | €36,871 | -€4,056 | -9.9% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €444,866 | €490,188 | +€45,321 | +10.2% |
| Stocks and contracts in progress | 3 | €87,760 | €114,502 | +€26,742 | +30.5% |
| Stocks | 30/36 | €87,760 | €114,502 | +€26,742 | +30.5% |
| Amounts receivable within one year | 40/41 | €4,662 | €6,358 | +€1,696 | +36.4% |
| Trade receivables | 40 | €4,435 | €1,799 | -€2,637 | -59.4% |
| Other amounts receivable | 41 | €227 | €4,559 | +€4,333 | +1,911% |
| Current investments | 50/53 | €152,776 | €171,975 | +€19,200 | +12.6% |
| Cash at bank and in hand | 54/58 | €199,669 | €197,353 | -€2,316 | -1.2% |
| Total equity and liabilities | 10/49 | €496,631 | €543,604 | +€46,972 | +9.5% |
| Equity | 10/15 | €424,811 | €503,925 | +€79,114 | +18.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €412,411 | €491,525 | +€79,114 | +19.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €410,551 | €489,665 | +€79,114 | +19.3% |
| Amounts payable | 17/49 | €71,820 | €39,678 | -€32,142 | -44.8% |
| Amounts payable within one year | 42/48 | €71,820 | €39,678 | -€32,142 | -44.8% |
| Trade debts | 44 | €24,820 | €9,563 | -€15,256 | -61.5% |
| Suppliers | 440/4 | €24,820 | €9,563 | -€15,256 | -61.5% |
| Taxes, remuneration and social security | 45 | €17,833 | €16,001 | -€1,832 | -10.3% |
| Taxes | 450/3 | €2,243 | - | -€2,243 | |
| Remuneration and social security | 454/9 | €15,590 | €16,001 | +€411 | +2.6% |
| Other amounts payable | 47/48 | €29,168 | €14,113 | -€15,054 | -51.6% |
| Remuneration, social security and pensions | 62 | €69,669 | €74,500 | +€4,831 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,500 | €21,159 | -€9,340 | -30.6% |
| Other operating charges | 640/8 | €773 | €1,061 | +€287 | +37.2% |
| Gross operating margin | 9900 | €195,480 | €204,397 | +€8,918 | +4.6% |
| Operating profit (loss) | 9901 | €94,538 | €107,677 | +€13,139 | +13.9% |
| Financial income | 75/76B | €2,079 | €4,043 | +€1,964 | +94.4% |
| Recurring financial income | 75 | €2,079 | €4,043 | +€1,964 | +94.4% |
| Financial charges | 65/66B | €917 | €10,767 | +€9,851 | +1,075% |
| Recurring financial charges | 65 | €917 | €9,847 | +€8,930 | +974% |
| Non-recurring financial charges | 66B | - | €921 | +€921 | |
| Profit (loss) for the period before taxes | 9903 | €95,701 | €100,953 | +€5,253 | +5.5% |
| Income taxes | 67/77 | €25,085 | €21,839 | -€3,246 | -12.9% |
| Profit (loss) for the period | 9904 | €70,615 | €79,114 | +€8,499 | +12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €70,615 | €79,114 | +€8,499 | +12.0% |
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 31 October 2026 via checked.be.