Optimism: what changed
Two fiscal 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.
Optimism
Largest movements
- Cash -€33,693
down €33,693 (-82.6%), from €40,790 to €7,096
mainly Other debts (-€40,660) and Stocks and contracts (-€13,074)
- Stocks and contracts +€13,074
up €13,074 (+28.8%), from €45,335 to €58,409
- Receivables within one year +€5,248
up €5,248 (+38.1%), from €13,773 to €19,021
of which Other amounts receivable: +€6,550
- Tangible fixed assets +€3,911
up €3,911 (+127.1%), from €3,076 to €6,987
of which Furniture and vehicles: +€4,003
- Deferred charges and accrued income -€1,950
down €1,950 (-78.6%), from €2,481 to €531
- Profit (loss) carried forward +€40,980
up €40,980 (+20.7%), from -€197,767 to -€156,787
- Other debts -€40,660
down €40,660 (-40.1%), from €101,501 to €60,842
- Trade debts -€5,595
down €5,595 (-4.2%), from €134,245 to €128,650
- Tax, wage and social debts -€3,687
down €3,687 (-19.5%), from €18,914 to €15,227
of which Remuneration and social security: -€4,799
- Short-term financial debts -€3,488
down €3,488 (-37.6%), from €9,282 to €5,794
- Gross operating margin +€157,831
up €157,831, from -€9,667 to €148,164
- Staff costs +€10,938
up €10,938 (+12.9%), from €84,648 to €95,586
- Financial charges +€1,904
up €1,904 (+33.1%), from €5,745 to €7,649
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 | €107,132 | €93,723 | -€13,410 | -12.5% |
| Fixed assets | 21/28 | €4,754 | €8,665 | +€3,911 | +82.3% |
| Tangible fixed assets | 22/27 | €3,076 | €6,987 | +€3,911 | +127.1% |
| Furniture and vehicles | 24 | €2,462 | €6,465 | +€4,003 | +162.5% |
| Other tangible fixed assets | 26 | €614 | €522 | -€92 | -15.0% |
| Financial fixed assets | 28 | €1,678 | €1,678 | = | 0.0% |
| Current assets | 29/58 | €102,378 | €85,058 | -€17,321 | -16.9% |
| Stocks and contracts in progress | 3 | €45,335 | €58,409 | +€13,074 | +28.8% |
| Stocks | 30/36 | €45,335 | €58,409 | +€13,074 | +28.8% |
| Amounts receivable within one year | 40/41 | €13,773 | €19,021 | +€5,248 | +38.1% |
| Trade receivables | 40 | €2,932 | €1,630 | -€1,302 | -44.4% |
| Other amounts receivable | 41 | €10,841 | €17,391 | +€6,550 | +60.4% |
| Cash at bank and in hand | 54/58 | €40,790 | €7,096 | -€33,693 | -82.6% |
| Deferred charges and accrued income | 490/1 | €2,481 | €531 | -€1,950 | -78.6% |
| Total equity and liabilities | 10/49 | €107,132 | €93,723 | -€13,410 | -12.5% |
| Equity | 10/15 | -€177,307 | -€136,327 | +€40,980 | +23.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€197,767 | -€156,787 | +€40,980 | +20.7% |
| Amounts payable | 17/49 | €284,439 | €230,049 | -€54,390 | -19.1% |
| Amounts payable within one year | 42/48 | €263,974 | €210,613 | -€53,361 | -20.2% |
| Financial debts | 43 | €9,282 | €5,794 | -€3,488 | -37.6% |
| Credit institutions | 430/8 | €9,282 | €5,794 | -€3,488 | -37.6% |
| Trade debts | 44 | €134,245 | €128,650 | -€5,595 | -4.2% |
| Suppliers | 440/4 | €134,245 | €128,650 | -€5,595 | -4.2% |
| Advances received on contracts in progress | 46 | €31 | €100 | +€69 | +222.6% |
| Taxes, remuneration and social security | 45 | €18,914 | €15,227 | -€3,687 | -19.5% |
| Taxes | 450/3 | €3,929 | €5,042 | +€1,112 | +28.3% |
| Remuneration and social security | 454/9 | €14,985 | €10,186 | -€4,799 | -32.0% |
| Other amounts payable | 47/48 | €101,501 | €60,842 | -€40,660 | -40.1% |
| Accrued charges and deferred income | 492/3 | €20,465 | €19,436 | -€1,029 | -5.0% |
| Non-recurring operating income | 76A | €158 | - | -€158 | |
| Remuneration, social security and pensions | 62 | €84,648 | €95,586 | +€10,938 | +12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,110 | €2,302 | +€192 | +9.1% |
| Other operating charges | 640/8 | €1,939 | €1,657 | -€282 | -14.5% |
| Gross operating margin | 9900 | -€9,667 | €148,164 | +€157,831 | |
| Operating profit (loss) | 9901 | -€98,364 | €48,618 | +€146,982 | |
| Financial income | 75/76B | €589 | €11 | -€579 | -98.2% |
| Recurring financial income | 75 | €589 | €11 | -€579 | -98.2% |
| Financial charges | 65/66B | €5,745 | €7,649 | +€1,904 | +33.1% |
| Recurring financial charges | 65 | €5,745 | €7,649 | +€1,904 | +33.1% |
| Profit (loss) for the period before taxes | 9903 | -€103,520 | €40,980 | +€144,499 | |
| Profit (loss) for the period | 9904 | -€103,520 | €40,980 | +€144,499 | |
| Profit (loss) for the period to be appropriated | 9905 | -€103,520 | €40,980 | +€144,499 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.