P&V Optiek: 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.
P&V Optiek
Largest movements
- Receivables within one year -€34,602
down €34,602 (-37.9%), from €91,309 to €56,707
of which Trade receivables: -€25,275
- Cash +€12,134
up €12,134 (+347%), from €3,501 to €15,636
mainly Receivables within one year (+€34,602) and Depreciation (+€27,198)
- Receivables after one year -€12,000
down €12,000 (-100%), from €12,000 to €0
- Tangible fixed assets +€6,792
up €6,792 (+2.5%), from €267,616 to €274,408
of which Furniture and vehicles: +€20,119
- Reserves -€36,697
down €36,697 (-39.5%), from €92,855 to €56,158
of which Distributable reserves: -€34,837
- Trade debts -€18,611
down €18,611 (-77.5%), from €24,015 to €5,404
- Tax, wage and social debts +€15,052
up €15,052 (+48.6%), from €31,000 to €46,052
of which Taxes: +€8,322
- Short-term financial debts -€12,527
down €12,527 (-99.8%), from €12,548 to €21
- Other debts +€12,374
up €12,374 (+1,211%), from €1,022 to €13,396
- Gross operating margin +€60,191
up €60,191 (+25.7%), from €234,574 to €294,765
- Staff costs +€53,478
up €53,478 (+28.8%), from €185,578 to €239,056
- Depreciation +€5,593
up €5,593 (+25.9%), from €21,605 to €27,198
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 | €378,034 | €350,593 | -€27,441 | -7.3% |
| Fixed assets | 21/28 | €267,616 | €274,408 | +€6,792 | +2.5% |
| Tangible fixed assets | 22/27 | €267,616 | €274,408 | +€6,792 | +2.5% |
| Land and buildings | 22 | €227,290 | €215,504 | -€11,786 | -5.2% |
| Plant, machinery and equipment | 23 | €2,427 | €1,541 | -€886 | -36.5% |
| Furniture and vehicles | 24 | €35,999 | €56,119 | +€20,119 | +55.9% |
| Other tangible fixed assets | 26 | €1,900 | €1,244 | -€655 | -34.5% |
| Current assets | 29/58 | €110,418 | €76,185 | -€34,233 | -31.0% |
| Amounts receivable after more than one year | 29 | €12,000 | €0 | -€12,000 | -100% |
| Other amounts receivable | 291 | €12,000 | €0 | -€12,000 | -100% |
| Amounts receivable within one year | 40/41 | €91,309 | €56,707 | -€34,602 | -37.9% |
| Trade receivables | 40 | €70,266 | €44,990 | -€25,275 | -36.0% |
| Other amounts receivable | 41 | €21,043 | €11,716 | -€9,327 | -44.3% |
| Cash at bank and in hand | 54/58 | €3,501 | €15,636 | +€12,134 | +347% |
| Deferred charges and accrued income | 490/1 | €3,608 | €3,842 | +€235 | +6.5% |
| Total equity and liabilities | 10/49 | €378,034 | €350,593 | -€27,441 | -7.3% |
| Equity | 10/15 | €99,055 | €62,358 | -€36,697 | -37.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €92,855 | €56,158 | -€36,697 | -39.5% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Tax-exempt reserves | 132 | €18 | €18 | = | 0.0% |
| Distributable reserves | 133 | €90,977 | €56,140 | -€34,837 | -38.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €278,978 | €288,235 | +€9,257 | +3.3% |
| Amounts payable after more than one year | 17 | €188,751 | €190,595 | +€1,844 | +1.0% |
| Financial debts | 170/4 | €188,751 | €190,595 | +€1,844 | +1.0% |
| Amounts payable within one year | 42/48 | €89,788 | €97,432 | +€7,645 | +8.5% |
| Current portion of amounts payable after more than one year | 42 | €13,447 | €25,059 | +€11,613 | +86.4% |
| Financial debts | 43 | €12,548 | €21 | -€12,527 | -99.8% |
| Credit institutions | 430/8 | €12,548 | €21 | -€12,527 | -99.8% |
| Trade debts | 44 | €24,015 | €5,404 | -€18,611 | -77.5% |
| Suppliers | 440/4 | €24,015 | €5,404 | -€18,611 | -77.5% |
| Advances received on contracts in progress | 46 | €7,756 | €7,500 | -€256 | -3.3% |
| Taxes, remuneration and social security | 45 | €31,000 | €46,052 | +€15,052 | +48.6% |
| Taxes | 450/3 | €9,682 | €18,004 | +€8,322 | +86.0% |
| Remuneration and social security | 454/9 | €21,319 | €28,049 | +€6,730 | +31.6% |
| Other amounts payable | 47/48 | €1,022 | €13,396 | +€12,374 | +1,211% |
| Accrued charges and deferred income | 492/3 | €440 | €208 | -€232 | -52.8% |
| Remuneration, social security and pensions | 62 | €185,578 | €239,056 | +€53,478 | +28.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,605 | €27,198 | +€5,593 | +25.9% |
| Other operating charges | 640/8 | €2,550 | €3,566 | +€1,016 | +39.8% |
| Non-recurring operating charges | 66A | €349 | €258 | -€91 | -26.2% |
| Gross operating margin | 9900 | €234,574 | €294,765 | +€60,191 | +25.7% |
| Operating profit (loss) | 9901 | €24,492 | €24,688 | +€196 | +0.8% |
| Financial income | 75/76B | €1,441 | €713 | -€728 | -50.5% |
| Recurring financial income | 75 | €1,441 | €713 | -€728 | -50.5% |
| Financial charges | 65/66B | €9,210 | €11,508 | +€2,298 | +25.0% |
| Recurring financial charges | 65 | €9,210 | €11,508 | +€2,298 | +25.0% |
| Profit (loss) for the period before taxes | 9903 | €16,723 | €13,893 | -€2,830 | -16.9% |
| Income taxes | 67/77 | €8,299 | €8,275 | -€24 | -0.3% |
| Profit (loss) for the period | 9904 | €8,424 | €5,618 | -€2,806 | -33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,424 | €5,618 | -€2,806 | -33.3% |
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 29 October 2026 via checked.be.