VC 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.
VC OPTICS
Largest movements
- Receivables within one year +€8,093
up €8,093 (+1,346%), from €601 to €8,694
- Receivables after one year -€7,703
no longer reported in 2025 (was €7,703)
- Tangible fixed assets -€2,180
no longer reported in 2025 (was €2,180)
- Cash +€222
up €222 (+26.5%), from €840 to €1,062
mainly Receivables after one year (+€7,703) and Investment in fixed assets (net) (+€2,180)
- Profit (loss) carried forward -€1,569
down €1,569 (-10.5%), from -€14,892 to -€16,461
- Gross operating margin +€2,042
up €2,042 (+81.0%), from -€2,520 to -€478
- Purchases and services +€478
new in 2025: €478
- Other operating charges -€180
down €180 (-58.9%), from €306 to €126
- Financial charges +€115
up €115 (+94.2%), from €123 to €238
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 | €11,325 | €9,756 | -€1,569 | -13.9% |
| Fixed assets | 21/28 | €2,180 | - | -€2,180 | |
| Tangible fixed assets | 22/27 | €2,180 | - | -€2,180 | |
| Plant, machinery and equipment | 23 | €2,180 | - | -€2,180 | |
| Current assets | 29/58 | €9,144 | €9,756 | +€612 | +6.7% |
| Amounts receivable after more than one year | 29 | €7,703 | - | -€7,703 | |
| Other amounts receivable | 291 | €7,703 | - | -€7,703 | |
| Amounts receivable within one year | 40/41 | €601 | €8,694 | +€8,093 | +1,346% |
| Other amounts receivable | 41 | €601 | €8,694 | +€8,093 | +1,346% |
| Cash at bank and in hand | 54/58 | €840 | €1,062 | +€222 | +26.5% |
| Total equity and liabilities | 10/49 | €11,325 | €9,756 | -€1,569 | -13.9% |
| Equity | 10/15 | €11,325 | €9,756 | -€1,569 | -13.9% |
| Contributions | 10/11 | €18,548 | €18,548 | -€0 | 0.0% |
| Reserves | 13 | €7,669 | €7,669 | +€0 | 0.0% |
| Tax-exempt reserves | 132 | - | €7,669 | +€7,669 | |
| Distributable reserves | 133 | €7,669 | - | -€7,669 | |
| Profit (loss) carried forward | 14 | -€14,892 | -€16,461 | -€1,569 | -10.5% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €478 | +€478 | |
| Other operating charges | 640/8 | €306 | €126 | -€180 | -58.9% |
| Non-recurring operating charges | 66A | - | €607 | +€607 | |
| Gross operating margin | 9900 | -€2,520 | -€478 | +€2,042 | +81.0% |
| Operating profit (loss) | 9901 | -€2,827 | -€1,211 | +€1,616 | +57.2% |
| Financial charges | 65/66B | €123 | €238 | +€115 | +94.2% |
| Recurring financial charges | 65 | €123 | €238 | +€115 | +94.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,949 | -€1,449 | +€1,500 | +50.9% |
| Income taxes | 67/77 | €117 | €120 | +€3 | +2.6% |
| Profit (loss) for the period | 9904 | -€3,066 | -€1,569 | +€1,497 | +48.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,066 | -€1,569 | +€1,497 | +48.8% |
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 22 October 2026 via checked.be.