AS-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.
AS-BREW
Largest movements
- Cash +€496,099
up €496,099 (+1515.5%), from €32,735 to €528,834
mainly Net result for the year (+€337,562) and Receivables within one year (+€105,387)
- Receivables within one year -€105,387
down €105,387 (-14.8%), from €713,900 to €608,513
of which Trade receivables: -€290,400
- Reserves +€337,562
up €337,562 (+73.5%), from €459,145 to €796,707
- Tax, wage and social debts +€61,805
up €61,805 (+22.3%), from €276,544 to €338,349
- Gross operating margin -€166,040
down €166,040 (-27.4%), from €605,915 to €439,874
- Taxes -€40,385
down €40,385 (-27.6%), from €146,382 to €105,997
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 | €1,142,387 | +€395,753 | +53.0% |
| Fixed assets | 21/28 | - | €5,040 | +€5,040 | |
| Tangible fixed assets | 22/27 | - | €5,040 | +€5,040 | |
| Other tangible fixed assets | 26 | - | €5,040 | +€5,040 | |
| Current assets | 29/58 | €746,635 | €1,137,347 | +€390,712 | +52.3% |
| Amounts receivable within one year | 40/41 | €713,900 | €608,513 | -€105,387 | -14.8% |
| Trade receivables | 40 | €713,900 | €423,500 | -€290,400 | -40.7% |
| Other amounts receivable | 41 | - | €185,013 | +€185,013 | |
| Cash at bank and in hand | 54/58 | €32,735 | €528,834 | +€496,099 | +1515.5% |
| Total equity and liabilities | 10/49 | €746,635 | €1,142,387 | +€395,753 | +53.0% |
| Equity | 10/15 | €463,145 | €800,707 | +€337,562 | +72.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €459,145 | €796,707 | +€337,562 | +73.5% |
| Distributable reserves | 133 | €459,145 | €796,707 | +€337,562 | +73.5% |
| Amounts payable | 17/49 | €283,489 | €341,680 | +€58,191 | +20.5% |
| Amounts payable within one year | 42/48 | €283,489 | €341,680 | +€58,191 | +20.5% |
| Trade debts | 44 | €6,945 | €3,331 | -€3,614 | -52.0% |
| Suppliers | 440/4 | €6,945 | €3,331 | -€3,614 | -52.0% |
| Taxes, remuneration and social security | 45 | €276,544 | €338,349 | +€61,805 | +22.3% |
| Taxes | 450/3 | €276,544 | €338,349 | +€61,805 | +22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,007 | +€1,007 | |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | €605,915 | €439,874 | -€166,040 | -27.4% |
| Operating profit (loss) | 9901 | €605,527 | €438,867 | -€166,660 | -27.5% |
| Financial income | 75/76B | - | €5,013 | +€5,013 | |
| Recurring financial income | 75 | - | €5,013 | +€5,013 | |
| Financial charges | 65/66B | - | €322 | +€322 | |
| Recurring financial charges | 65 | - | €322 | +€322 | |
| Profit (loss) for the period before taxes | 9903 | €605,527 | €443,558 | -€161,969 | -26.7% |
| Income taxes | 67/77 | €146,382 | €105,997 | -€40,385 | -27.6% |
| Profit (loss) for the period | 9904 | €459,145 | €337,562 | -€121,584 | -26.5% |
| Profit (loss) for the period to be appropriated | 9905 | €459,145 | €337,562 | -€121,584 | -26.5% |
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 6 October 2026 via checked.be.