OPTIQUE RAEVENS: 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 RAEVENS
Largest movements
- Cash -€46,210
down €46,210 (-11.1%), from €415,086 to €368,876
mainly Contributions, distributions and other (-€155,000) and Trade debts (-€96,129)
- Tangible fixed assets -€41,570
down €41,570 (-21.4%), from €194,305 to €152,735
of which Land and buildings: -€29,187
- Receivables after one year +€19,347
up €19,347 (+15.4%), from €125,500 to €144,847
of which Other amounts receivable: +€27,347
- Receivables within one year -€18,138
down €18,138 (-29.5%), from €61,531 to €43,393
of which Other amounts receivable: -€19,942
- Stocks and contracts +€10,802
up €10,802 (+6.5%), from €166,599 to €177,400
- Trade debts -€96,129
down €96,129 (-68.3%), from €140,678 to €44,549
- Other debts +€35,061
up €35,061 (+12.1%), from €290,759 to €325,820
- Debts after one year -€10,441
down €10,441 (-17.1%), from €60,958 to €50,517
- Gross operating margin -€10,838
down €10,838 (-2.7%), from €397,077 to €386,239
- Staff costs +€4,433
up €4,433 (+3.2%), from €139,670 to €144,103
- Taxes -€4,354
down €4,354 (-7.3%), from €59,500 to €55,146
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 | €980,705 | €893,789 | -€86,916 | -8.9% |
| Fixed assets | 21/28 | €195,152 | €153,104 | -€42,049 | -21.5% |
| Intangible fixed assets | 21 | €847 | €369 | -€479 | -56.5% |
| Tangible fixed assets | 22/27 | €194,305 | €152,735 | -€41,570 | -21.4% |
| Land and buildings | 22 | €167,873 | €138,687 | -€29,187 | -17.4% |
| Plant, machinery and equipment | 23 | €23,396 | €12,624 | -€10,772 | -46.0% |
| Furniture and vehicles | 24 | €3,035 | €1,424 | -€1,611 | -53.1% |
| Current assets | 29/58 | €785,552 | €740,685 | -€44,867 | -5.7% |
| Amounts receivable after more than one year | 29 | €125,500 | €144,847 | +€19,347 | +15.4% |
| Trade receivables | 290 | €8,000 | - | -€8,000 | |
| Other amounts receivable | 291 | €117,500 | €144,847 | +€27,347 | +23.3% |
| Stocks and contracts in progress | 3 | €166,599 | €177,400 | +€10,802 | +6.5% |
| Stocks | 30/36 | €166,599 | €177,400 | +€10,802 | +6.5% |
| Amounts receivable within one year | 40/41 | €61,531 | €43,393 | -€18,138 | -29.5% |
| Trade receivables | 40 | €35,558 | €37,361 | +€1,804 | +5.1% |
| Other amounts receivable | 41 | €25,973 | €6,031 | -€19,942 | -76.8% |
| Cash at bank and in hand | 54/58 | €415,086 | €368,876 | -€46,210 | -11.1% |
| Deferred charges and accrued income | 490/1 | €16,837 | €6,169 | -€10,668 | -63.4% |
| Total equity and liabilities | 10/49 | €980,705 | €893,789 | -€86,916 | -8.9% |
| Equity | 10/15 | €437,115 | €429,267 | -€7,847 | -1.8% |
| Contributions | 10/11 | €114,031 | €114,031 | = | 0.0% |
| Capital | 10 | €114,031 | €114,031 | = | 0.0% |
| Issued capital | 100 | €114,031 | €114,031 | = | 0.0% |
| Reserves | 13 | €322,251 | €314,403 | -€7,848 | -2.4% |
| Non-distributable reserves | 130/1 | €11,403 | €11,403 | = | 0.0% |
| Legal reserve | 130 | €11,403 | €11,403 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,848 | - | -€10,848 | |
| Distributable reserves | 133 | €300,000 | €303,000 | +€3,000 | +1.0% |
| Profit (loss) carried forward | 14 | €833 | €833 | +€1 | +0.1% |
| Provisions and deferred taxes | 16 | €5,343 | - | -€5,343 | |
| Deferred taxes | 168 | €5,343 | - | -€5,343 | |
| Amounts payable | 17/49 | €538,247 | €464,521 | -€73,725 | -13.7% |
| Amounts payable after more than one year | 17 | €60,958 | €50,517 | -€10,441 | -17.1% |
| Financial debts | 170/4 | €60,958 | €50,517 | -€10,441 | -17.1% |
| Amounts payable within one year | 42/48 | €477,289 | €414,004 | -€63,285 | -13.3% |
| Current portion of amounts payable after more than one year | 42 | €10,241 | €10,441 | +€199 | +1.9% |
| Trade debts | 44 | €140,678 | €44,549 | -€96,129 | -68.3% |
| Suppliers | 440/4 | €140,678 | €44,549 | -€96,129 | -68.3% |
| Taxes, remuneration and social security | 45 | €35,611 | €33,195 | -€2,416 | -6.8% |
| Taxes | 450/3 | €14,298 | €12,573 | -€1,725 | -12.1% |
| Remuneration and social security | 454/9 | €21,313 | €20,622 | -€692 | -3.2% |
| Other amounts payable | 47/48 | €290,759 | €325,820 | +€35,061 | +12.1% |
| Remuneration, social security and pensions | 62 | €139,670 | €144,103 | +€4,433 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,577 | €44,261 | +€684 | +1.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,248 | -€323 | +€2,926 | +90.1% |
| Other operating charges | 640/8 | €5,377 | €5,291 | -€86 | -1.6% |
| Gross operating margin | 9900 | €397,077 | €386,239 | -€10,838 | -2.7% |
| Operating profit (loss) | 9901 | €211,701 | €192,905 | -€18,796 | -8.9% |
| Financial income | 75/76B | €8,966 | €8,955 | -€11 | -0.1% |
| Recurring financial income | 75 | €8,966 | €8,955 | -€11 | -0.1% |
| Financial charges | 65/66B | €4,326 | €4,905 | +€579 | +13.4% |
| Recurring financial charges | 65 | €4,326 | €4,905 | +€579 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | €216,342 | €196,956 | -€19,386 | -9.0% |
| Transfer from deferred taxes | 780 | €5,343 | €5,343 | -€0 | 0.0% |
| Income taxes | 67/77 | €59,500 | €55,146 | -€4,354 | -7.3% |
| Profit (loss) for the period | 9904 | €162,185 | €147,153 | -€15,032 | -9.3% |
| Transfer from tax-exempt reserves | 789 | €10,848 | €10,848 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €173,033 | €158,001 | -€15,032 | -8.7% |
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 17 October 2026 via checked.be.