AB-BREW: 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.
AB-BREW
Largest movements
- Current investments +€670,000
new in 2025: €670,000
- Receivables within one year -€290,400
down €290,400 (-40.7%), from €713,900 to €423,500
- Cash +€13,401
up €13,401 (+40.9%), from €32,735 to €46,135
mainly Net result for the year (+€337,817) and Receivables within one year (+€290,400)
- Reserves +€337,817
up €337,817 (+73.6%), from €459,145 to €796,963
- Tax, wage and social debts +€58,098
up €58,098 (+21.0%), from €276,544 to €334,642
- Gross operating margin -€164,117
down €164,117 (-27.1%), from €605,915 to €441,797
- Taxes -€40,944
down €40,944 (-28.0%), from €146,382 to €105,438
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 | €746,635 | €1,139,635 | +€393,001 | +52.6% |
| Current assets | 29/58 | €746,635 | €1,139,635 | +€393,001 | +52.6% |
| Amounts receivable within one year | 40/41 | €713,900 | €423,500 | -€290,400 | -40.7% |
| Trade receivables | 40 | €713,900 | €423,500 | -€290,400 | -40.7% |
| Current investments | 50/53 | - | €670,000 | +€670,000 | |
| Cash at bank and in hand | 54/58 | €32,735 | €46,135 | +€13,401 | +40.9% |
| Total equity and liabilities | 10/49 | €746,635 | €1,139,635 | +€393,001 | +52.6% |
| Equity | 10/15 | €463,145 | €800,963 | +€337,817 | +72.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €459,145 | €796,963 | +€337,817 | +73.6% |
| Distributable reserves | 133 | €459,145 | €796,963 | +€337,817 | +73.6% |
| Amounts payable | 17/49 | €283,489 | €338,673 | +€55,184 | +19.5% |
| Amounts payable within one year | 42/48 | €283,489 | €338,673 | +€55,184 | +19.5% |
| Trade debts | 44 | €6,945 | €4,031 | -€2,915 | -42.0% |
| Suppliers | 440/4 | €6,945 | €4,031 | -€2,915 | -42.0% |
| Taxes, remuneration and social security | 45 | €276,544 | €334,642 | +€58,098 | +21.0% |
| Taxes | 450/3 | €276,544 | €334,642 | +€58,098 | +21.0% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | €605,915 | €441,797 | -€164,117 | -27.1% |
| Operating profit (loss) | 9901 | €605,527 | €441,797 | -€163,730 | -27.0% |
| Financial income | 75/76B | - | €1,885 | +€1,885 | |
| Recurring financial income | 75 | - | €1,885 | +€1,885 | |
| Financial charges | 65/66B | - | €427 | +€427 | |
| Recurring financial charges | 65 | - | €427 | +€427 | |
| Profit (loss) for the period before taxes | 9903 | €605,527 | €443,255 | -€162,272 | -26.8% |
| Income taxes | 67/77 | €146,382 | €105,438 | -€40,944 | -28.0% |
| Profit (loss) for the period | 9904 | €459,145 | €337,817 | -€121,328 | -26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €459,145 | €337,817 | -€121,328 | -26.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.