AP-BREW: 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.
AP-BREW
Largest movements
- Cash +€698,208
up €698,208 (+2934.3%), from €23,794 to €722,003
mainly Net result for the year (+€334,876) and Receivables within one year (+€293,000)
- Receivables within one year -€293,000
down €293,000 (-40.9%), from €716,500 to €423,500
- Reserves +€334,876
up €334,876 (+72.9%), from €459,149 to €794,025
- Tax, wage and social debts +€57,490
up €57,490 (+20.8%), from €276,546 to €334,036
- Gross operating margin -€165,410
down €165,410 (-27.3%), from €605,920 to €440,510
- Taxes -€41,349
down €41,349 (-28.2%), from €146,383 to €105,034
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 | €740,294 | €1,145,503 | +€405,208 | +54.7% |
| Current assets | 29/58 | €740,294 | €1,145,503 | +€405,208 | +54.7% |
| Amounts receivable within one year | 40/41 | €716,500 | €423,500 | -€293,000 | -40.9% |
| Trade receivables | 40 | €716,500 | €423,500 | -€293,000 | -40.9% |
| Cash at bank and in hand | 54/58 | €23,794 | €722,003 | +€698,208 | +2934.3% |
| Total equity and liabilities | 10/49 | €740,294 | €1,145,503 | +€405,208 | +54.7% |
| Equity | 10/15 | €463,149 | €798,025 | +€334,876 | +72.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €459,149 | €794,025 | +€334,876 | +72.9% |
| Distributable reserves | 133 | €459,149 | €794,025 | +€334,876 | +72.9% |
| Amounts payable | 17/49 | €277,145 | €347,478 | +€70,333 | +25.4% |
| Amounts payable within one year | 42/48 | €277,145 | €347,478 | +€70,333 | +25.4% |
| Trade debts | 44 | €599 | €4,451 | +€3,852 | +643.1% |
| Suppliers | 440/4 | €599 | €4,451 | +€3,852 | +643.1% |
| Taxes, remuneration and social security | 45 | €276,546 | €334,036 | +€57,490 | +20.8% |
| Taxes | 450/3 | €276,546 | €334,036 | +€57,490 | +20.8% |
| Other amounts payable | 47/48 | - | €8,991 | +€8,991 | |
| Other operating charges | 640/8 | €387 | €420 | +€33 | +8.5% |
| Gross operating margin | 9900 | €605,920 | €440,510 | -€165,410 | -27.3% |
| Operating profit (loss) | 9901 | €605,532 | €440,090 | -€165,443 | -27.3% |
| Financial charges | 65/66B | - | €180 | +€180 | |
| Recurring financial charges | 65 | - | €180 | +€180 | |
| Profit (loss) for the period before taxes | 9903 | €605,532 | €439,910 | -€165,623 | -27.4% |
| Income taxes | 67/77 | €146,383 | €105,034 | -€41,349 | -28.2% |
| Profit (loss) for the period | 9904 | €459,149 | €334,876 | -€124,273 | -27.1% |
| Profit (loss) for the period to be appropriated | 9905 | €459,149 | €334,876 | -€124,273 | -27.1% |
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.