PG Optics: 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.
PG Optics
Largest movements
- Current investments -€140,000
down €140,000 (-100.0%), from €140,000 to €0
- Cash +€130,965
up €130,965 (+43.2%), from €303,043 to €434,007
mainly Other debts (+€354,879) and Net result for the year (+€339,568)
- Intangible fixed assets -€76,007
down €76,007 (-15.9%), from €478,751 to €402,744
- Other debts +€354,879
up €354,879 (+360.8%), from €98,356 to €453,235
- Reserves -€334,400
down €334,400 (-91.5%), from €365,350 to €30,950
- Debts after one year -€100,252
down €100,252 (-10.7%), from €940,150 to €839,898
- Depreciation -€35,166
down €35,166 (-22.8%), from €154,541 to €119,375
- Gross operating margin +€31,630
up €31,630 (+4.3%), from €730,199 to €761,829
- Staff costs +€19,105
up €19,105 (+12.1%), from €158,334 to €177,439
- Taxes +€8,635
up €8,635 (+8.8%), from €97,779 to €106,414
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.
Cash bridge derived
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 | €1,700,841 | €1,640,810 | -€60,031 | -3.5% |
| Fixed assets | 21/28 | €1,142,781 | €1,074,999 | -€67,782 | -5.9% |
| Intangible fixed assets | 21 | €478,751 | €402,744 | -€76,007 | -15.9% |
| Tangible fixed assets | 22/27 | €664,030 | €672,255 | +€8,225 | +1.2% |
| Land and buildings | 22 | €626,439 | €652,762 | +€26,323 | +4.2% |
| Plant, machinery and equipment | 23 | €9,602 | €4,018 | -€5,583 | -58.1% |
| Furniture and vehicles | 24 | €27,990 | €15,475 | -€12,515 | -44.7% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €558,060 | €565,811 | +€7,751 | +1.4% |
| Stocks and contracts in progress | 3 | €112,524 | €129,354 | +€16,831 | +15.0% |
| Stocks | 30/36 | €112,524 | €129,354 | +€16,831 | +15.0% |
| Amounts receivable within one year | 40/41 | €738 | €0 | -€738 | -100.0% |
| Trade receivables | 40 | €738 | €0 | -€738 | -100.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €140,000 | €0 | -€140,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €303,043 | €434,007 | +€130,965 | +43.2% |
| Deferred charges and accrued income | 490/1 | €1,756 | €2,449 | +€694 | +39.5% |
| Total equity and liabilities | 10/49 | €1,700,841 | €1,640,810 | -€60,031 | -3.5% |
| Equity | 10/15 | €420,373 | €85,965 | -€334,408 | -79.6% |
| Contributions | 10/11 | €55,000 | €55,000 | = | 0.0% |
| Reserves | 13 | €365,350 | €30,950 | -€334,400 | -91.5% |
| Distributable reserves | 133 | €365,350 | €30,950 | -€334,400 | -91.5% |
| Profit (loss) carried forward | 14 | €23 | €15 | -€8 | -36.7% |
| Amounts payable | 17/49 | €1,280,468 | €1,554,845 | +€274,377 | +21.4% |
| Amounts payable after more than one year | 17 | €940,150 | €839,898 | -€100,252 | -10.7% |
| Financial debts | 170/4 | €940,150 | €839,898 | -€100,252 | -10.7% |
| Amounts payable within one year | 42/48 | €340,318 | €714,947 | +€374,629 | +110.1% |
| Current portion of amounts payable after more than one year | 42 | €107,262 | €108,552 | +€1,290 | +1.2% |
| Trade debts | 44 | €61,711 | €76,414 | +€14,703 | +23.8% |
| Suppliers | 440/4 | €61,711 | €76,414 | +€14,703 | +23.8% |
| Taxes, remuneration and social security | 45 | €72,989 | €76,747 | +€3,757 | +5.1% |
| Taxes | 450/3 | €52,432 | €56,733 | +€4,301 | +8.2% |
| Remuneration and social security | 454/9 | €20,557 | €20,014 | -€544 | -2.6% |
| Other amounts payable | 47/48 | €98,356 | €453,235 | +€354,879 | +360.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €158,334 | €177,439 | +€19,105 | +12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €154,541 | €119,375 | -€35,166 | -22.8% |
| Other operating charges | 640/8 | €3,622 | €4,537 | +€915 | +25.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €730,199 | €761,829 | +€31,630 | +4.3% |
| Operating profit (loss) | 9901 | €413,701 | €460,478 | +€46,776 | +11.3% |
| Financial income | 75/76B | €14,446 | €7,710 | -€6,736 | -46.6% |
| Recurring financial income | 75 | €14,446 | €7,710 | -€6,736 | -46.6% |
| Financial charges | 65/66B | €22,503 | €22,207 | -€296 | -1.3% |
| Recurring financial charges | 65 | €22,503 | €22,207 | -€296 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €405,644 | €445,981 | +€40,337 | +9.9% |
| Income taxes | 67/77 | €97,779 | €106,414 | +€8,635 | +8.8% |
| Profit (loss) for the period | 9904 | €307,865 | €339,568 | +€31,703 | +10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €307,865 | €339,568 | +€31,703 | +10.3% |
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 9 October 2026 via checked.be.