PHOTONIKE CAPITAL: 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.
What changed
PHOTONIKE CAPITAL
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€575,064
2023 · -€323,512+€898,576
Equity
€73.8m
2023 · €74.2m-€339,226
Cash
€1.5m
2023 · €24,354+€1.5m
Balance sheet total
€84.4m
2023 · €84.7m-€319,507
Largest movements
Assets
- Financial fixed assets -€1.9m
down €1.9m (-2.3%), from €79.7m to €77.8m
- Cash +€1.5m
up €1.5m (+6,254%), from €24,354 to €1.5m
mainly Investment in fixed assets (net) (+€1.9m) and Net result for the year (+€575,064)
Equity and liabilities
- Revaluation surpluses -€914,290
no longer reported in 2024 (was €914,290)
Income statement
- Other operating income +€1.8m
new in 2024: €1.8m
- Other operating charges +€1.1m
up €1.1m (+78,645%), from €1,460 to €1.1m
- Financial income +€220,335
up €220,335 (+1,459%), from €15,104 to €235,439
- Financial charges -€104,359
down €104,359 (-31.4%), from €332,580 to €228,221
of which Financial charges: -€156,340
- Services and other goods +€41,317
new in 2024: €41,317
From the 2023 result to the 2024 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.
Result 2023
-€323,512
Other operating charges
-€1.1m
Other operating items
+€1.7m
Financial income
+€220,335
Financial charges
+€104,359
Result 2024
€575,064
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€565,659
Investment
+€1.9m
Financing
-€914,290
Cash 2023
€24,354
From operations (derived)
+€565,659
Net result for the year
+€575,064
Receivables within one year
-€29,124
Trade debts
+€481
Other debts
-€128,062
Accrued charges and deferred income
+€147,301
Investment (derived)
+€1.9m
Investment in fixed assets (net)
+€1.9m
Financing
-€914,290
Contributions, distributions and other
-€914,290
Cash 2024
€1.5m
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €84,743,237 | €84,423,731 | -€319,507 | -0.4% |
| Fixed assets | 21/28 | €79,661,610 | €77,789,992 | -€1.9m | -2.3% |
| Financial fixed assets | 28 | €79,661,610 | €77,789,992 | -€1.9m | -2.3% |
| Affiliated companies | 280/1 | - | €10,789,992 | +€10.8m | |
| Participating interests | 280 | - | €10,000,000 | +€10.0m | |
| Amounts receivable | 281 | - | €789,992 | +€789,992 | |
| Other financial fixed assets | 284/8 | - | €67,000,000 | +€67.0m | |
| Amounts receivable and cash guarantees | 285/8 | - | €67,000,000 | +€67.0m | |
| Current assets | 29/58 | €5,081,627 | €6,633,739 | +€1.6m | +30.5% |
| Amounts receivable within one year | 40/41 | €5,057,273 | €5,086,397 | +€29,124 | +0.6% |
| Trade receivables | 40 | - | €16,850 | +€16,850 | |
| Other amounts receivable | 41 | €5,057,273 | €5,069,547 | +€12,274 | +0.2% |
| Cash at bank and in hand | 54/58 | €24,354 | €1,547,341 | +€1.5m | +6,254% |
| Total equity and liabilities | 10/49 | €84,743,237 | €84,423,731 | -€319,507 | -0.4% |
| Equity | 10/15 | €74,159,082 | €73,819,856 | -€339,226 | -0.5% |
| Contributions | 10/11 | €77,270,069 | €77,270,069 | = | 0.0% |
| Capital | 10 | - | €73,523,619 | +€73.5m | |
| Issued capital | 100 | - | €73,523,619 | +€73.5m | |
| Contributions outside capital | 11 | - | €3,746,450 | +€3.7m | |
| Share premium | 1100/10 | - | €3,746,450 | +€3.7m | |
| Revaluation surpluses | 12 | €914,290 | - | -€914,290 | |
| Reserves | 13 | €1,628 | €1,628 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,628 | €1,628 | = | 0.0% |
| Legal reserve | 130 | - | €1,628 | +€1,628 | |
| Reserves not available under the articles | 1311 | €1,628 | - | -€1,628 | |
| Profit (loss) carried forward | 14 | -€4,026,905 | -€3,451,842 | +€575,064 | +14.3% |
| Amounts payable | 17/49 | €10,584,155 | €10,603,875 | +€19,720 | +0.2% |
| Amounts payable after more than one year | 17 | €10,000,000 | €10,000,000 | = | 0.0% |
| Financial debts | 170/4 | €10,000,000 | €10,000,000 | = | 0.0% |
| Unsubordinated bonds | 171 | - | €10,000,000 | +€10.0m | |
| Amounts payable within one year | 42/48 | €199,082 | €71,501 | -€127,581 | -64.1% |
| Trade debts | 44 | - | €481 | +€481 | |
| Suppliers | 440/4 | - | €481 | +€481 | |
| Other amounts payable | 47/48 | €199,082 | €71,020 | -€128,062 | -64.3% |
| Accrued charges and deferred income | 492/3 | €385,073 | €532,373 | +€147,301 | +38.3% |
| Operating income | 70/76A | - | €1,759,041 | +€1.8m | |
| Other operating income | 74 | - | €1,759,041 | +€1.8m | |
| Operating charges | 60/66A | - | €1,191,195 | +€1.2m | |
| Services and other goods | 61 | - | €41,317 | +€41,317 | |
| Other operating charges | 640/8 | €1,460 | €1,149,877 | +€1.1m | +78,645% |
| Gross operating margin | 9900 | -€4,576 | - | +€4,576 | |
| Operating profit (loss) | 9901 | -€6,036 | €567,846 | +€573,882 | |
| Financial income | 75/76B | €15,104 | €235,439 | +€220,335 | +1,459% |
| Recurring financial income | 75 | €15,104 | €235,439 | +€220,335 | +1,459% |
| Income from financial fixed assets | 750 | - | €9,439 | +€9,439 | |
| Other financial income | 752/9 | - | €226,000 | +€226,000 | |
| Financial charges | 65/66B | €332,580 | €228,221 | -€104,359 | -31.4% |
| Recurring financial charges | 65 | €321,943 | €165,603 | -€156,340 | -48.6% |
| Debt charges | 650 | - | €151,320 | +€151,320 | |
| Other financial charges | 652/9 | - | €14,283 | +€14,283 | |
| Non-recurring financial charges | 66B | €10,637 | €62,618 | +€51,982 | +489% |
| Profit (loss) for the period before taxes | 9903 | -€323,512 | €575,064 | +€898,576 | |
| Profit (loss) for the period | 9904 | -€323,512 | €575,064 | +€898,576 | |
| Profit (loss) for the period to be appropriated | 9905 | -€323,512 | €575,064 | +€898,576 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.