BBF: 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.
What changed
BBF
NACE 11.050, Manufacture of beer
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€3.2m
2023 · -€3.9m+€716,493
Equity
-€11.9m
2023 · -€8.7m-€3.2m
Cash
€39,867
2023 · €51,510-€11,643
Balance sheet total
€6.1m
2023 · €6.6m-€521,114
Largest movements
Assets
- Tangible fixed assets -€515,252
down €515,252 (-14.1%), from €3.6m to €3.1m
of which Plant, machinery and equipment: -€380,030
Equity and liabilities
- Profit (loss) carried forward -€3.2m
down €3.2m (-25.0%), from -€13.0m to -€16.2m
- Other debts +€3.1m
up €3.1m (+34.2%), from €9.2m to €12.3m
- Debts after one year -€363,311
down €363,311 (-10.3%), from €3.5m to €3.2m
- Trade debts -€196,341
down €196,341 (-18.4%), from €1.1m to €870,603
- Tax, wage and social debts +€95,958
up €95,958 (+56.8%), from €168,891 to €264,848
of which Remuneration and social security: +€67,526
Income statement
- Turnover +€3.6m
new in 2024: €3.6m
- Services and other goods +€2.8m
new in 2024: €2.8m
- Goods and materials +€1.2m
new in 2024: €1.2m
of which Purchases: +€1.2m
- Gross operating margin +€1.2m
no longer reported in 2024 (was -€1.2m)
- Financial charges +€180,266
up €180,266 (+32.8%), from €548,941 to €729,207
of which Financial charges: +€180,266
From the 2023 result to the 2024 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.
Result 2023
-€3.9m
Turnover
+€3.6m
Other operating income
+€35,751
Goods and materials
-€1.2m
Services and other goods
-€2.8m
Staff costs
-€135,967
Depreciation
-€30,345
Other operating charges
+€498
Other operating items
+€1.5m
Financial income
-€634
Financial charges
-€180,266
Taxes
-€15,173
Result 2024
-€3.2m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€507,311
Investment
-€150,186
Financing
-€368,768
Cash 2023
€51,510
From operations (derived)
+€507,311
Net result for the year
-€3.2m
Depreciation
+€695,438
Stocks and contracts
+€31,899
Receivables within one year
-€37,789
Deferred charges and accrued income
-€29,890
Trade debts
-€196,341
Tax, wage and social debts
+€95,958
Other debts
+€3.1m
Accrued charges and deferred income
+€31,940
Investment (derived)
-€150,186
Investment in fixed assets (net)
-€150,186
Financing
-€368,768
Debts after one year
-€363,311
Current portion of long-term debt
+€11,426
Short-term financial debts
-€16,883
Cash 2024
€39,867
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,634,572 | €6,113,458 | -€521,114 | -7.9% |
| Fixed assets | 21/28 | €3,699,166 | €3,153,914 | -€545,252 | -14.7% |
| Tangible fixed assets | 22/27 | €3,642,516 | €3,127,264 | -€515,252 | -14.1% |
| Land and buildings | 22 | €587,363 | €490,315 | -€97,048 | -16.5% |
| Plant, machinery and equipment | 23 | €1,857,329 | €1,477,299 | -€380,030 | -20.5% |
| Furniture and vehicles | 24 | €115,335 | €184,427 | +€69,092 | +59.9% |
| Leasing and similar rights | 25 | €1,075,282 | €975,223 | -€100,060 | -9.3% |
| Other tangible fixed assets | 26 | €7,206 | €0 | -€7,206 | -100% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €56,650 | €26,650 | -€30,000 | -53.0% |
| Other financial fixed assets | 284/8 | - | €26,650 | +€26,650 | |
| Amounts receivable and cash guarantees | 285/8 | - | €26,650 | +€26,650 | |
| Current assets | 29/58 | €2,935,406 | €2,959,544 | +€24,138 | +0.8% |
| Stocks and contracts in progress | 3 | €1,106,324 | €1,074,425 | -€31,899 | -2.9% |
| Stocks | 30/36 | €1,106,324 | €1,074,425 | -€31,899 | -2.9% |
| Raw materials and consumables | 30/31 | - | €1,074,425 | +€1.1m | |
| Amounts receivable within one year | 40/41 | €1,763,189 | €1,800,978 | +€37,789 | +2.1% |
| Trade receivables | 40 | €832,149 | €732,158 | -€99,991 | -12.0% |
| Other amounts receivable | 41 | €931,040 | €1,068,821 | +€137,781 | +14.8% |
| Cash at bank and in hand | 54/58 | €51,510 | €39,867 | -€11,643 | -22.6% |
| Deferred charges and accrued income | 490/1 | €14,384 | €44,274 | +€29,890 | +208% |
| Total equity and liabilities | 10/49 | €6,634,572 | €6,113,458 | -€521,114 | -7.9% |
| Equity | 10/15 | -€8,702,141 | -€11,935,031 | -€3.2m | -37.2% |
| Contributions | 10/11 | €4,250,942 | €4,250,942 | = | 0.0% |
| Capital | 10 | €4,250,942 | €4,250,942 | = | 0.0% |
| Issued capital | 100 | €4,250,942 | €4,250,942 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,953,083 | -€16,185,973 | -€3.2m | -25.0% |
| Amounts payable | 17/49 | €15,336,713 | €18,048,489 | +€2.7m | +17.7% |
| Amounts payable after more than one year | 17 | €3,519,641 | €3,156,330 | -€363,311 | -10.3% |
| Financial debts | 170/4 | €3,519,641 | €3,156,330 | -€363,311 | -10.3% |
| Leasing and similar obligations | 172 | - | €647,436 | +€647,436 | |
| Credit institutions | 173 | - | €558,893 | +€558,893 | |
| Other loans | 174 | - | €1,950,000 | +€2.0m | |
| Amounts payable within one year | 42/48 | €11,217,974 | €14,261,122 | +€3.0m | +27.1% |
| Current portion of amounts payable after more than one year | 42 | €351,885 | €363,311 | +€11,426 | +3.2% |
| Financial debts | 43 | €431,744 | €414,862 | -€16,883 | -3.9% |
| Credit institutions | 430/8 | €300,000 | €300,000 | = | 0.0% |
| Other loans | 439 | €131,744 | €114,862 | -€16,883 | -12.8% |
| Trade debts | 44 | €1,066,945 | €870,603 | -€196,341 | -18.4% |
| Suppliers | 440/4 | €1,066,945 | €870,603 | -€196,341 | -18.4% |
| Taxes, remuneration and social security | 45 | €168,891 | €264,848 | +€95,958 | +56.8% |
| Taxes | 450/3 | €34,390 | €62,822 | +€28,431 | +82.7% |
| Remuneration and social security | 454/9 | €134,500 | €202,027 | +€67,526 | +50.2% |
| Other amounts payable | 47/48 | €9,198,509 | €12,347,498 | +€3.1m | +34.2% |
| Accrued charges and deferred income | 492/3 | €599,098 | €631,037 | +€31,940 | +5.3% |
| Operating income | 70/76A | - | €3,620,664 | +€3.6m | |
| Turnover | 70 | - | €3,582,918 | +€3.6m | |
| Other operating income | 74 | - | €35,751 | +€35,751 | |
| Non-recurring operating income | 76A | €0 | €1,995 | +€1,995 | |
| Operating charges | 60/66A | - | €6,112,814 | +€6.1m | |
| Goods for resale, raw materials and consumables | 60 | - | €1,217,471 | +€1.2m | |
| Purchases | 600/8 | - | €1,185,572 | +€1.2m | |
| Change in stocks: decrease (increase) | 609 | - | €31,899 | +€31,899 | |
| Services and other goods | 61 | - | €2,793,313 | +€2.8m | |
| Remuneration, social security and pensions | 62 | €1,216,345 | €1,352,311 | +€135,967 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €665,093 | €695,438 | +€30,345 | +4.6% |
| Other operating charges | 640/8 | €6,842 | €6,344 | -€498 | -7.3% |
| Non-recurring operating charges | 66A | €346,646 | €47,936 | -€298,710 | -86.2% |
| Gross operating margin | 9900 | -€1,169,789 | - | +€1.2m | |
| Operating profit (loss) | 9901 | -€3,404,716 | -€2,492,149 | +€912,567 | +26.8% |
| Financial income | 75/76B | €4,040 | €3,406 | -€634 | -15.7% |
| Recurring financial income | 75 | €4,040 | €3,406 | -€634 | -15.7% |
| Income from current assets | 751 | - | €1 | +€1 | |
| Other financial income | 752/9 | - | €3,406 | +€3,406 | |
| Financial charges | 65/66B | €548,941 | €729,207 | +€180,266 | +32.8% |
| Recurring financial charges | 65 | €548,941 | €729,207 | +€180,266 | +32.8% |
| Debt charges | 650 | - | €723,145 | +€723,145 | |
| Other financial charges | 652/9 | - | €6,062 | +€6,062 | |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€3,949,616 | -€3,217,950 | +€731,666 | +18.5% |
| Income taxes | 67/77 | -€233 | €14,940 | +€15,173 | |
| Taxes | 670/3 | - | €14,940 | +€14,940 | |
| Tax adjustments and reversals of tax provisions | 77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | -€3,949,384 | -€3,232,890 | +€716,493 | +18.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,949,384 | -€3,232,890 | +€716,493 | +18.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.