Vandeputte Optics: what changed
Vandeputte Optics
Largest movements
- Cash +€417,808
up €417,808 (+536%), from €78,019 to €495,826
mainly Net result for the year (+€473,414) and Stocks and contracts (+€141,523)
- Stocks and contracts -€141,523
down €141,523 (-56.2%), from €251,755 to €110,232
- Tangible fixed assets -€42,697
down €42,697 (-61.5%), from €69,394 to €26,696
of which Other tangible fixed assets: -€40,269
- Receivables within one year -€9,528
down €9,528 (-59.9%), from €15,902 to €6,373
of which Trade receivables: -€9,593
- Profit (loss) carried forward +€473,414
up €473,414 (+87.4%), from -€541,407 to -€67,992
- Current portion of long-term debt -€94,610
down €94,610 (-45.3%), from €208,794 to €114,184
- Trade debts -€82,121
down €82,121 (-59.8%), from €137,242 to €55,120
- Debts after one year -€41,806
down €41,806 (-10.9%), from €385,015 to €343,209
- Tax, wage and social debts -€37,098
down €37,098 (-63.8%), from €58,161 to €21,062
of which Remuneration and social security: -€28,636
- Gross operating margin +€432,916
up €432,916 (+95.9%), from €451,235 to €884,151
- Staff costs -€66,616
down €66,616 (-15.1%), from €440,826 to €374,210
- Financial charges -€27,278
down €27,278 (-51.8%), from €52,647 to €25,369
of which Non-recurring financial charges: -€25,747
- Depreciation -€15,984
down €15,984 (-69.7%), from €22,921 to €6,937
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €429,601 | €647,456 | +€217,855 | +50.7% |
| Fixed assets | 21/28 | €79,224 | €33,346 | -€45,877 | -57.9% |
| Tangible fixed assets | 22/27 | €69,394 | €26,696 | -€42,697 | -61.5% |
| Plant, machinery and equipment | 23 | €4,553 | €5,221 | +€668 | +14.7% |
| Furniture and vehicles | 24 | €3,096 | €0 | -€3,096 | -100% |
| Other tangible fixed assets | 26 | €61,745 | €21,475 | -€40,269 | -65.2% |
| Financial fixed assets | 28 | €9,830 | €6,650 | -€3,180 | -32.3% |
| Current assets | 29/58 | €350,378 | €614,110 | +€263,732 | +75.3% |
| Stocks and contracts in progress | 3 | €251,755 | €110,232 | -€141,523 | -56.2% |
| Stocks | 30/36 | €251,755 | €110,232 | -€141,523 | -56.2% |
| Amounts receivable within one year | 40/41 | €15,902 | €6,373 | -€9,528 | -59.9% |
| Trade receivables | 40 | €15,478 | €5,885 | -€9,593 | -62.0% |
| Other amounts receivable | 41 | €423 | €488 | +€65 | +15.4% |
| Cash at bank and in hand | 54/58 | €78,019 | €495,826 | +€417,808 | +536% |
| Deferred charges and accrued income | 490/1 | €4,703 | €1,678 | -€3,025 | -64.3% |
| Total equity and liabilities | 10/49 | €429,601 | €647,456 | +€217,855 | +50.7% |
| Equity | 10/15 | -€373,206 | €100,209 | +€473,414 | |
| Contributions | 10/11 | €142,000 | €142,000 | = | 0.0% |
| Capital | 10 | €142,000 | €142,000 | = | 0.0% |
| Issued capital | 100 | €142,000 | €142,000 | = | 0.0% |
| Reserves | 13 | €26,201 | €26,201 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,200 | €14,200 | = | 0.0% |
| Legal reserve | 130 | €14,200 | €14,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,001 | €12,001 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€541,407 | -€67,992 | +€473,414 | +87.4% |
| Amounts payable | 17/49 | €802,807 | €547,247 | -€255,560 | -31.8% |
| Amounts payable after more than one year | 17 | €385,015 | €343,209 | -€41,806 | -10.9% |
| Financial debts | 170/4 | €385,015 | €343,209 | -€41,806 | -10.9% |
| Amounts payable within one year | 42/48 | €404,196 | €190,433 | -€213,763 | -52.9% |
| Current portion of amounts payable after more than one year | 42 | €208,794 | €114,184 | -€94,610 | -45.3% |
| Trade debts | 44 | €137,242 | €55,120 | -€82,121 | -59.8% |
| Suppliers | 440/4 | €137,242 | €55,120 | -€82,121 | -59.8% |
| Taxes, remuneration and social security | 45 | €58,161 | €21,062 | -€37,098 | -63.8% |
| Taxes | 450/3 | €14,220 | €5,758 | -€8,462 | -59.5% |
| Remuneration and social security | 454/9 | €43,940 | €15,304 | -€28,636 | -65.2% |
| Other amounts payable | 47/48 | - | €67 | +€67 | |
| Accrued charges and deferred income | 492/3 | €13,596 | €13,605 | +€9 | +0.1% |
| Non-recurring operating income | 76A | €8,754 | €717,146 | +€708,392 | +8,092% |
| Remuneration, social security and pensions | 62 | €440,826 | €374,210 | -€66,616 | -15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,921 | €6,937 | -€15,984 | -69.7% |
| Other operating charges | 640/8 | €8,882 | €8,693 | -€189 | -2.1% |
| Non-recurring operating charges | 66A | €91,417 | €0 | -€91,417 | -100% |
| Gross operating margin | 9900 | €451,235 | €884,151 | +€432,916 | +95.9% |
| Operating profit (loss) | 9901 | -€112,811 | €494,311 | +€607,122 | |
| Financial income | 75/76B | €5,133 | €5,075 | -€58 | -1.1% |
| Recurring financial income | 75 | €5,133 | €5,075 | -€58 | -1.1% |
| Financial charges | 65/66B | €52,647 | €25,369 | -€27,278 | -51.8% |
| Recurring financial charges | 65 | €22,430 | €20,900 | -€1,530 | -6.8% |
| Non-recurring financial charges | 66B | €30,216 | €4,469 | -€25,747 | -85.2% |
| Profit (loss) for the period before taxes | 9903 | -€160,324 | €474,018 | +€634,342 | |
| Income taxes | 67/77 | €961 | €603 | -€357 | -37.2% |
| Profit (loss) for the period | 9904 | -€161,285 | €473,414 | +€634,699 | |
| Profit (loss) for the period to be appropriated | 9905 | -€161,285 | €473,414 | +€634,699 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.