TREND OPTICAL: 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.
TREND OPTICAL
Largest movements
- Cash +€51,772
up €51,772 (+25.3%), from €204,386 to €256,157
mainly Other debts (+€60,162) and Net result for the year (+€53,791)
- Tangible fixed assets -€20,689
down €20,689 (-8.2%), from €251,631 to €230,942
of which Plant, machinery and equipment: -€10,728
- Other debts +€60,162
new in 2025: €60,162
- Debts after one year -€10,320
down €10,320 (-43.5%), from €23,712 to €13,392
- Reserves -€9,537
down €9,537 (-3.6%), from €268,657 to €259,119
- Gross operating margin -€13,529
down €13,529 (-11.9%), from €113,854 to €100,325
- Taxes -€1,464
down €1,464 (-6.6%), from €22,040 to €20,577
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 | €537,173 | €576,817 | +€39,644 | +7.4% |
| Fixed assets | 21/28 | €251,631 | €230,942 | -€20,689 | -8.2% |
| Tangible fixed assets | 22/27 | €251,631 | €230,942 | -€20,689 | -8.2% |
| Land and buildings | 22 | €190,683 | €180,912 | -€9,771 | -5.1% |
| Plant, machinery and equipment | 23 | €60,719 | €49,991 | -€10,728 | -17.7% |
| Furniture and vehicles | 24 | €229 | €39 | -€190 | -83.0% |
| Current assets | 29/58 | €285,542 | €345,875 | +€60,333 | +21.1% |
| Stocks and contracts in progress | 3 | €78,476 | €83,425 | +€4,950 | +6.3% |
| Stocks | 30/36 | €78,476 | €83,425 | +€4,950 | +6.3% |
| Amounts receivable within one year | 40/41 | €1,901 | €4,923 | +€3,022 | +159% |
| Other amounts receivable | 41 | €1,901 | €4,923 | +€3,022 | +159% |
| Cash at bank and in hand | 54/58 | €204,386 | €256,157 | +€51,772 | +25.3% |
| Deferred charges and accrued income | 490/1 | €779 | €1,369 | +€590 | +75.7% |
| Total equity and liabilities | 10/49 | €537,173 | €576,817 | +€39,644 | +7.4% |
| Equity | 10/15 | €479,443 | €469,906 | -€9,537 | -2.0% |
| Reserves | 13 | €268,657 | €259,119 | -€9,537 | -3.6% |
| Distributable reserves | 133 | €268,657 | €259,119 | -€9,537 | -3.6% |
| Profit (loss) carried forward | 14 | €210,787 | €210,787 | = | 0.0% |
| Amounts payable | 17/49 | €57,730 | €106,911 | +€49,181 | +85.2% |
| Amounts payable after more than one year | 17 | €23,712 | €13,392 | -€10,320 | -43.5% |
| Financial debts | 170/4 | €23,712 | €13,392 | -€10,320 | -43.5% |
| Amounts payable within one year | 42/48 | €34,018 | €93,519 | +€59,501 | +175% |
| Current portion of amounts payable after more than one year | 42 | €13,507 | €13,554 | +€47 | +0.3% |
| Trade debts | 44 | €3,337 | €3,374 | +€37 | +1.1% |
| Suppliers | 440/4 | €3,337 | €3,374 | +€37 | +1.1% |
| Taxes, remuneration and social security | 45 | €17,174 | €16,429 | -€745 | -4.3% |
| Taxes | 450/3 | €17,174 | €16,429 | -€745 | -4.3% |
| Other amounts payable | 47/48 | - | €60,162 | +€60,162 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,420 | €20,689 | +€269 | +1.3% |
| Other operating charges | 640/8 | €3,909 | €3,984 | +€75 | +1.9% |
| Gross operating margin | 9900 | €113,854 | €100,325 | -€13,529 | -11.9% |
| Operating profit (loss) | 9901 | €89,525 | €75,652 | -€13,873 | -15.5% |
| Financial income | 75/76B | €425 | €1,173 | +€748 | +176% |
| Recurring financial income | 75 | €425 | €1,173 | +€748 | +176% |
| Financial charges | 65/66B | €1,730 | €2,458 | +€728 | +42.1% |
| Recurring financial charges | 65 | €1,730 | €2,458 | +€728 | +42.1% |
| Profit (loss) for the period before taxes | 9903 | €88,220 | €74,368 | -€13,853 | -15.7% |
| Income taxes | 67/77 | €22,040 | €20,577 | -€1,464 | -6.6% |
| Profit (loss) for the period | 9904 | €66,180 | €53,791 | -€12,389 | -18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €66,180 | €53,791 | -€12,389 | -18.7% |
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 16 October 2026 via checked.be.