Optimist Brew Co.: 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.
Optimist Brew Co.
Largest movements
- Tangible fixed assets +€28,403
up €28,403 (+25.6%), from €111,147 to €139,551
of which Plant, machinery and equipment: +€84,255
- Stocks and contracts +€25,714
up €25,714 (+67.3%), from €38,217 to €63,931
- Cash +€23,299
up €23,299 (+208.2%), from €11,193 to €34,492
mainly Debts after one year (+€108,841) and Trade debts (+€56,119)
- Deferred charges and accrued income -€5,729
down €5,729 (-85.9%), from €6,668 to €939
- Intangible fixed assets +€5,034
up €5,034 (+313.1%), from €1,608 to €6,642
- Debts after one year +€108,841
up €108,841 (+42.2%), from €257,847 to €366,687
of which Financial debts: +€108,841
- Profit (loss) carried forward -€96,211
down €96,211 (-41.5%), from -€231,734 to -€327,945
- Trade debts +€56,119
up €56,119 (+394.6%), from €14,221 to €70,340
- Current portion of long-term debt +€16,192
new in 2025: €16,192
- Tax, wage and social debts -€11,883
down €11,883 (-31.7%), from €37,476 to €25,593
of which Remuneration and social security: -€9,332
- Gross operating margin +€32,636
up €32,636 (+31.2%), from €104,485 to €137,121
- Other operating charges +€11,195
up €11,195 (+129.8%), from €8,622 to €19,816
- Staff costs +€8,612
up €8,612 (+4.9%), from €177,243 to €185,855
- Depreciation +€5,495
up €5,495 (+19.9%), from €27,604 to €33,099
- Financial charges +€1,866
up €1,866 (+472.1%), from €395 to €2,261
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 | €259,611 | €337,648 | +€78,037 | +30.1% |
| Fixed assets | 21/28 | €113,315 | €146,752 | +€33,437 | +29.5% |
| Intangible fixed assets | 21 | €1,608 | €6,642 | +€5,034 | +313.1% |
| Tangible fixed assets | 22/27 | €111,147 | €139,551 | +€28,403 | +25.6% |
| Plant, machinery and equipment | 23 | €40,941 | €125,195 | +€84,255 | +205.8% |
| Furniture and vehicles | 24 | €66,317 | €11,034 | -€55,283 | -83.4% |
| Other tangible fixed assets | 26 | €3,889 | €3,321 | -€568 | -14.6% |
| Financial fixed assets | 28 | €559 | €559 | = | 0.0% |
| Current assets | 29/58 | €146,296 | €190,896 | +€44,600 | +30.5% |
| Stocks and contracts in progress | 3 | €38,217 | €63,931 | +€25,714 | +67.3% |
| Stocks | 30/36 | €38,217 | €63,931 | +€25,714 | +67.3% |
| Amounts receivable within one year | 40/41 | €90,218 | €91,534 | +€1,316 | +1.5% |
| Trade receivables | 40 | €87,659 | €91,497 | +€3,838 | +4.4% |
| Other amounts receivable | 41 | €2,559 | €38 | -€2,522 | -98.5% |
| Cash at bank and in hand | 54/58 | €11,193 | €34,492 | +€23,299 | +208.2% |
| Deferred charges and accrued income | 490/1 | €6,668 | €939 | -€5,729 | -85.9% |
| Total equity and liabilities | 10/49 | €259,611 | €337,648 | +€78,037 | +30.1% |
| Equity | 10/15 | -€58,571 | -€143,409 | -€84,837 | -144.8% |
| Contributions | 10/11 | €165,002 | €165,002 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€231,734 | -€327,945 | -€96,211 | -41.5% |
| Investment grants | 15 | €8,161 | €19,534 | +€11,373 | +139.4% |
| Amounts payable | 17/49 | €318,182 | €481,057 | +€162,875 | +51.2% |
| Amounts payable after more than one year | 17 | €257,847 | €366,687 | +€108,841 | +42.2% |
| Financial debts | 170/4 | €256,632 | €365,472 | +€108,841 | +42.4% |
| Other amounts payable | 178/9 | €1,215 | €1,215 | = | 0.0% |
| Amounts payable within one year | 42/48 | €60,336 | €114,369 | +€54,034 | +89.6% |
| Current portion of amounts payable after more than one year | 42 | - | €16,192 | +€16,192 | |
| Trade debts | 44 | €14,221 | €70,340 | +€56,119 | +394.6% |
| Suppliers | 440/4 | €14,221 | €70,340 | +€56,119 | +394.6% |
| Taxes, remuneration and social security | 45 | €37,476 | €25,593 | -€11,883 | -31.7% |
| Taxes | 450/3 | €5,696 | €3,144 | -€2,552 | -44.8% |
| Remuneration and social security | 454/9 | €31,781 | €22,449 | -€9,332 | -29.4% |
| Other amounts payable | 47/48 | €8,638 | €2,244 | -€6,394 | -74.0% |
| Remuneration, social security and pensions | 62 | €177,243 | €185,855 | +€8,612 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,604 | €33,099 | +€5,495 | +19.9% |
| Other operating charges | 640/8 | €8,622 | €19,816 | +€11,195 | +129.8% |
| Non-recurring operating charges | 66A | €124 | - | -€124 | |
| Gross operating margin | 9900 | €104,485 | €137,121 | +€32,636 | +31.2% |
| Operating profit (loss) | 9901 | -€109,107 | -€101,649 | +€7,458 | +6.8% |
| Financial income | 75/76B | €7,922 | €7,699 | -€223 | -2.8% |
| Recurring financial income | 75 | €7,922 | €7,699 | -€223 | -2.8% |
| Financial charges | 65/66B | €395 | €2,261 | +€1,866 | +472.1% |
| Recurring financial charges | 65 | €395 | €2,261 | +€1,866 | +472.1% |
| Profit (loss) for the period before taxes | 9903 | -€101,580 | -€96,211 | +€5,370 | +5.3% |
| Income taxes | 67/77 | €29 | - | -€29 | |
| Profit (loss) for the period | 9904 | -€101,610 | -€96,211 | +€5,399 | +5.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€101,610 | -€96,211 | +€5,399 | +5.3% |
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 11 October 2026 via checked.be.