OPTIQUE PEETERS: 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 PEETERS
Largest movements
- Tangible fixed assets -€20,978
down €20,978 (-14.3%), from €146,620 to €125,642
of which Plant, machinery and equipment: -€15,632
- Stocks and contracts -€9,865
down €9,865 (-20.1%), from €49,076 to €39,211
- Receivables within one year -€4,426
down €4,426 (-30.1%), from €14,697 to €10,271
of which Other amounts receivable: -€4,253
- Current portion of long-term debt -€10,424
no longer reported in 2026 (was €10,424)
- Tax, wage and social debts -€9,832
down €9,832 (-19.6%), from €50,114 to €40,282
of which Taxes: -€8,472
- Reserves -€9,337
down €9,337 (-4.1%), from €226,132 to €216,795
of which Distributable reserves: -€7,958
- Gross operating margin -€32,866
down €32,866 (-14.2%), from €230,783 to €197,917
- Staff costs +€18,467
up €18,467 (+20.1%), from €92,047 to €110,514
- Taxes -€7,131
down €7,131 (-24.4%), from €29,275 to €22,144
- Depreciation +€2,581
up €2,581 (+11.1%), from €23,186 to €25,767
From the 2025 result to the 2026 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.
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €397,580 | €367,335 | -€30,245 | -7.6% |
| Fixed assets | 21/28 | €147,671 | €126,911 | -€20,760 | -14.1% |
| Tangible fixed assets | 22/27 | €146,620 | €125,642 | -€20,978 | -14.3% |
| Plant, machinery and equipment | 23 | €124,097 | €108,465 | -€15,632 | -12.6% |
| Furniture and vehicles | 24 | €22,523 | €17,177 | -€5,346 | -23.7% |
| Financial fixed assets | 28 | €1,051 | €1,269 | +€218 | +20.7% |
| Current assets | 29/58 | €249,909 | €240,424 | -€9,485 | -3.8% |
| Stocks and contracts in progress | 3 | €49,076 | €39,211 | -€9,865 | -20.1% |
| Stocks | 30/36 | €49,076 | €39,211 | -€9,865 | -20.1% |
| Amounts receivable within one year | 40/41 | €14,697 | €10,271 | -€4,426 | -30.1% |
| Trade receivables | 40 | €10,438 | €10,265 | -€173 | -1.7% |
| Other amounts receivable | 41 | €4,259 | €6 | -€4,253 | -99.9% |
| Current investments | 50/53 | €96,441 | €96,441 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €88,058 | €91,138 | +€3,080 | +3.5% |
| Deferred charges and accrued income | 490/1 | €1,637 | €3,363 | +€1,726 | +105.4% |
| Total equity and liabilities | 10/49 | €397,580 | €367,335 | -€30,245 | -7.6% |
| Equity | 10/15 | €239,877 | €229,053 | -€10,824 | -4.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €226,132 | €216,795 | -€9,337 | -4.1% |
| Tax-exempt reserves | 132 | €1,379 | - | -€1,379 | |
| Distributable reserves | 133 | €224,753 | €216,795 | -€7,958 | -3.5% |
| Investment grants | 15 | €7,545 | €6,058 | -€1,487 | -19.7% |
| Amounts payable | 17/49 | €157,703 | €138,282 | -€19,421 | -12.3% |
| Amounts payable within one year | 42/48 | €157,658 | €138,256 | -€19,402 | -12.3% |
| Current portion of amounts payable after more than one year | 42 | €10,424 | - | -€10,424 | |
| Trade debts | 44 | €23,163 | €25,651 | +€2,488 | +10.7% |
| Suppliers | 440/4 | €23,163 | €25,651 | +€2,488 | +10.7% |
| Taxes, remuneration and social security | 45 | €50,114 | €40,282 | -€9,832 | -19.6% |
| Taxes | 450/3 | €34,211 | €25,739 | -€8,472 | -24.8% |
| Remuneration and social security | 454/9 | €15,903 | €14,543 | -€1,360 | -8.6% |
| Other amounts payable | 47/48 | €73,957 | €72,323 | -€1,634 | -2.2% |
| Accrued charges and deferred income | 492/3 | €45 | €26 | -€19 | -42.2% |
| Remuneration, social security and pensions | 62 | €92,047 | €110,514 | +€18,467 | +20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,186 | €25,767 | +€2,581 | +11.1% |
| Other operating charges | 640/8 | €2,891 | €787 | -€2,104 | -72.8% |
| Gross operating margin | 9900 | €230,783 | €197,917 | -€32,866 | -14.2% |
| Operating profit (loss) | 9901 | €112,659 | €60,849 | -€51,810 | -46.0% |
| Financial income | 75/76B | €2,577 | €2,250 | -€327 | -12.7% |
| Recurring financial income | 75 | €2,577 | €2,250 | -€327 | -12.7% |
| Financial charges | 65/66B | €1,986 | €292 | -€1,694 | -85.3% |
| Recurring financial charges | 65 | €1,986 | €292 | -€1,694 | -85.3% |
| Profit (loss) for the period before taxes | 9903 | €113,250 | €62,807 | -€50,443 | -44.5% |
| Income taxes | 67/77 | €29,275 | €22,144 | -€7,131 | -24.4% |
| Profit (loss) for the period | 9904 | €83,975 | €40,663 | -€43,312 | -51.6% |
| Transfer from tax-exempt reserves | 789 | - | €1,379 | +€1,379 | |
| Profit (loss) for the period to be appropriated | 9905 | €83,975 | €42,042 | -€41,933 | -49.9% |
Source: filed annual accounts (NBB), financial years ended 1 January 2025 and 1 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.