OPTIQUE LHOEST: 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 LHOEST
Largest movements
- Tangible fixed assets -€43,433
down €43,433 (-23.5%), from €185,031 to €141,598
of which Furniture and vehicles: -€45,001
- Receivables within one year -€39,611
down €39,611 (-55.2%), from €71,819 to €32,208
of which Trade receivables: -€32,796
- Cash -€34,389
down €34,389 (-4.3%), from €797,216 to €762,828
mainly Contributions, distributions and other (-€244,938) and Advances received (-€36,422)
- Reserves -€40,054
down €40,054 (-4.9%), from €815,729 to €775,675
- Advances received -€36,422
down €36,422 (-87.4%), from €41,658 to €5,236
- Debts after one year -€16,419
down €16,419 (-46.9%), from €34,985 to €18,566
- Tax, wage and social debts -€13,661
down €13,661 (-12.4%), from €109,863 to €96,201
of which Taxes: -€14,175
- Depreciation +€15,198
up €15,198 (+50.4%), from €30,134 to €45,332
- Gross operating margin +€5,448
up €5,448 (+1.2%), from €449,229 to €454,677
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 | €1,149,831 | €1,034,843 | -€114,988 | -10.0% |
| Fixed assets | 21/28 | €185,387 | €141,954 | -€43,433 | -23.4% |
| Tangible fixed assets | 22/27 | €185,031 | €141,598 | -€43,433 | -23.5% |
| Plant, machinery and equipment | 23 | - | €1,568 | +€1,568 | |
| Furniture and vehicles | 24 | €185,031 | €140,030 | -€45,001 | -24.3% |
| Financial fixed assets | 28 | €356 | €356 | = | 0.0% |
| Current assets | 29/58 | €964,444 | €892,889 | -€71,555 | -7.4% |
| Stocks and contracts in progress | 3 | €93,000 | €96,848 | +€3,847 | +4.1% |
| Stocks | 30/36 | €93,000 | €96,848 | +€3,847 | +4.1% |
| Amounts receivable within one year | 40/41 | €71,819 | €32,208 | -€39,611 | -55.2% |
| Trade receivables | 40 | €44,766 | €11,970 | -€32,796 | -73.3% |
| Other amounts receivable | 41 | €27,053 | €20,237 | -€6,815 | -25.2% |
| Cash at bank and in hand | 54/58 | €797,216 | €762,828 | -€34,389 | -4.3% |
| Deferred charges and accrued income | 490/1 | €2,408 | €1,006 | -€1,402 | -58.2% |
| Total equity and liabilities | 10/49 | €1,149,831 | €1,034,843 | -€114,988 | -10.0% |
| Equity | 10/15 | €834,329 | €794,275 | -€40,054 | -4.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €815,729 | €775,675 | -€40,054 | -4.9% |
| Distributable reserves | 133 | €815,729 | €775,675 | -€40,054 | -4.9% |
| Amounts payable | 17/49 | €315,503 | €240,569 | -€74,934 | -23.8% |
| Amounts payable after more than one year | 17 | €34,985 | €18,566 | -€16,419 | -46.9% |
| Financial debts | 170/4 | €34,985 | €18,566 | -€16,419 | -46.9% |
| Amounts payable within one year | 42/48 | €279,267 | €220,752 | -€58,515 | -21.0% |
| Current portion of amounts payable after more than one year | 42 | €27,249 | €16,419 | -€10,830 | -39.7% |
| Trade debts | 44 | €100,498 | €102,896 | +€2,398 | +2.4% |
| Suppliers | 440/4 | €100,498 | €102,896 | +€2,398 | +2.4% |
| Advances received on contracts in progress | 46 | €41,658 | €5,236 | -€36,422 | -87.4% |
| Taxes, remuneration and social security | 45 | €109,863 | €96,201 | -€13,661 | -12.4% |
| Taxes | 450/3 | €92,499 | €78,324 | -€14,175 | -15.3% |
| Remuneration and social security | 454/9 | €17,364 | €17,878 | +€514 | +3.0% |
| Accrued charges and deferred income | 492/3 | €1,250 | €1,250 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €104,518 | €103,926 | -€592 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,134 | €45,332 | +€15,198 | +50.4% |
| Other operating charges | 640/8 | €7,814 | €6,734 | -€1,080 | -13.8% |
| Gross operating margin | 9900 | €449,229 | €454,677 | +€5,448 | +1.2% |
| Operating profit (loss) | 9901 | €306,763 | €298,685 | -€8,078 | -2.6% |
| Financial income | 75/76B | €1,660 | €2,202 | +€542 | +32.6% |
| Recurring financial income | 75 | €1,660 | €2,202 | +€542 | +32.6% |
| Financial charges | 65/66B | €3,094 | €3,325 | +€231 | +7.5% |
| Recurring financial charges | 65 | €3,094 | €3,325 | +€231 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €305,329 | €297,562 | -€7,767 | -2.5% |
| Income taxes | 67/77 | €94,430 | €92,677 | -€1,753 | -1.9% |
| Profit (loss) for the period | 9904 | €210,899 | €204,884 | -€6,015 | -2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €210,899 | €204,884 | -€6,015 | -2.9% |
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 27 October 2026 via checked.be.