500@bieren: 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.
500@bieren
Largest movements
- Tangible fixed assets +€88,047
up €88,047 (+480%), from €18,337 to €106,384
of which Other tangible fixed assets: +€49,367
- Cash -€44,895
down €44,895 (-38.3%), from €117,240 to €72,346
mainly Investment in fixed assets (net) (-€100,732) and Contributions, distributions and other (-€85,000)
- Intangible fixed assets -€40,000
down €40,000 (-15.4%), from €259,973 to €219,973
- Deferred charges and accrued income -€17,520
down €17,520 (-95.5%), from €18,353 to €833
- Receivables within one year -€10,919
down €10,919 (-63.1%), from €17,296 to €6,377
of which Trade receivables: -€6,144
- Debts after one year -€43,292
down €43,292 (-37.3%), from €116,102 to €72,811
- Reserves +€27,000
up €27,000 (+22.3%), from €121,000 to €148,000
of which Distributable reserves: +€27,000
- Advances received -€13,552
down €13,552 (-100%), from €13,552 to €0
- Gross operating margin +€57,945
up €57,945 (+12.7%), from €458,007 to €515,952
- Staff costs +€26,865
up €26,865 (+9.4%), from €284,934 to €311,799
- Depreciation +€8,696
up €8,696 (+19.8%), from €43,988 to €52,684
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 | €456,700 | €430,825 | -€25,876 | -5.7% |
| Fixed assets | 21/28 | €278,309 | €326,357 | +€48,047 | +17.3% |
| Intangible fixed assets | 21 | €259,973 | €219,973 | -€40,000 | -15.4% |
| Tangible fixed assets | 22/27 | €18,337 | €106,384 | +€88,047 | +480% |
| Plant, machinery and equipment | 23 | €11,826 | €41,697 | +€29,871 | +253% |
| Furniture and vehicles | 24 | €6,511 | €15,319 | +€8,809 | +135% |
| Other tangible fixed assets | 26 | - | €49,367 | +€49,367 | |
| Current assets | 29/58 | €178,391 | €104,468 | -€73,923 | -41.4% |
| Stocks and contracts in progress | 3 | €25,502 | €24,913 | -€589 | -2.3% |
| Stocks | 30/36 | €25,502 | €24,913 | -€589 | -2.3% |
| Amounts receivable within one year | 40/41 | €17,296 | €6,377 | -€10,919 | -63.1% |
| Trade receivables | 40 | €10,610 | €4,466 | -€6,144 | -57.9% |
| Other amounts receivable | 41 | €6,686 | €1,911 | -€4,774 | -71.4% |
| Cash at bank and in hand | 54/58 | €117,240 | €72,346 | -€44,895 | -38.3% |
| Deferred charges and accrued income | 490/1 | €18,353 | €833 | -€17,520 | -95.5% |
| Total equity and liabilities | 10/49 | €456,700 | €430,825 | -€25,876 | -5.7% |
| Equity | 10/15 | €196,514 | €223,821 | +€27,307 | +13.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Revaluation surpluses | 12 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €121,000 | €148,000 | +€27,000 | +22.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €121,000 | €148,000 | +€27,000 | +22.3% |
| Profit (loss) carried forward | 14 | €514 | €821 | +€307 | +59.8% |
| Amounts payable | 17/49 | €260,186 | €207,004 | -€53,183 | -20.4% |
| Amounts payable after more than one year | 17 | €116,102 | €72,811 | -€43,292 | -37.3% |
| Financial debts | 170/4 | €116,102 | €72,811 | -€43,292 | -37.3% |
| Amounts payable within one year | 42/48 | €143,957 | €131,603 | -€12,355 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €43,002 | €43,292 | +€290 | +0.7% |
| Trade debts | 44 | €41,370 | €39,802 | -€1,569 | -3.8% |
| Suppliers | 440/4 | €41,370 | €39,802 | -€1,569 | -3.8% |
| Advances received on contracts in progress | 46 | €13,552 | €0 | -€13,552 | -100% |
| Taxes, remuneration and social security | 45 | €44,193 | €48,509 | +€4,316 | +9.8% |
| Taxes | 450/3 | €15,773 | €13,736 | -€2,036 | -12.9% |
| Remuneration and social security | 454/9 | €28,420 | €34,773 | +€6,353 | +22.4% |
| Other amounts payable | 47/48 | €1,841 | €0 | -€1,841 | -100% |
| Accrued charges and deferred income | 492/3 | €127 | €2,590 | +€2,464 | +1,945% |
| Remuneration, social security and pensions | 62 | €284,934 | €311,799 | +€26,865 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,988 | €52,684 | +€8,696 | +19.8% |
| Other operating charges | 640/8 | €7,407 | €8,385 | +€978 | +13.2% |
| Gross operating margin | 9900 | €458,007 | €515,952 | +€57,945 | +12.7% |
| Operating profit (loss) | 9901 | €121,678 | €143,083 | +€21,406 | +17.6% |
| Financial income | 75/76B | €9 | €2,578 | +€2,569 | +30,015% |
| Recurring financial income | 75 | €9 | €2,578 | +€2,569 | +30,015% |
| Financial charges | 65/66B | €4,067 | €3,370 | -€697 | -17.1% |
| Recurring financial charges | 65 | €4,067 | €3,370 | -€697 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €117,619 | €142,291 | +€24,672 | +21.0% |
| Income taxes | 67/77 | €25,344 | €29,984 | +€4,640 | +18.3% |
| Profit (loss) for the period | 9904 | €92,276 | €112,307 | +€20,031 | +21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €92,276 | €112,307 | +€20,031 | +21.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.