BeerAzimuth: 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.
BeerAzimuth
Largest movements
- Cash +€74,540
up €74,540 (+65.7%), from €113,536 to €188,076
mainly Net result for the year (+€65,435) and Tax, wage and social debts (+€33,141)
- Receivables within one year +€19,830
up €19,830 (+460%), from €4,311 to €24,142
of which Trade receivables: +€23,110
- Tangible fixed assets -€9,301
down €9,301 (-27.2%), from €34,189 to €24,888
of which Furniture and vehicles: -€7,008
- Reserves +€65,435
up €65,435 (+93.0%), from €70,368 to €135,803
- Tax, wage and social debts +€33,141
up €33,141 (+135%), from €24,546 to €57,688
of which Taxes: +€33,710
- Trade debts -€7,578
down €7,578 (-84.8%), from €8,932 to €1,354
- Debts after one year -€3,782
down €3,782 (-21.5%), from €17,565 to €13,783
- Other debts -€2,535
down €2,535 (-9.7%), from €26,249 to €23,714
- Gross operating margin +€26,810
up €26,810 (+32.5%), from €82,594 to €109,404
- Taxes +€11,053
up €11,053 (+54.5%), from €20,275 to €31,328
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 | €152,660 | €237,342 | +€84,682 | +55.5% |
| Fixed assets | 21/28 | €34,189 | €24,888 | -€9,301 | -27.2% |
| Tangible fixed assets | 22/27 | €34,189 | €24,888 | -€9,301 | -27.2% |
| Plant, machinery and equipment | 23 | €8,125 | €5,832 | -€2,293 | -28.2% |
| Furniture and vehicles | 24 | €26,063 | €19,055 | -€7,008 | -26.9% |
| Current assets | 29/58 | €118,471 | €212,454 | +€93,983 | +79.3% |
| Amounts receivable within one year | 40/41 | €4,311 | €24,142 | +€19,830 | +460% |
| Trade receivables | 40 | €1,032 | €24,142 | +€23,110 | +2,239% |
| Other amounts receivable | 41 | €3,279 | - | -€3,279 | |
| Cash at bank and in hand | 54/58 | €113,536 | €188,076 | +€74,540 | +65.7% |
| Deferred charges and accrued income | 490/1 | €624 | €237 | -€387 | -62.0% |
| Total equity and liabilities | 10/49 | €152,660 | €237,342 | +€84,682 | +55.5% |
| Equity | 10/15 | €75,368 | €140,803 | +€65,435 | +86.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €70,368 | €135,803 | +€65,435 | +93.0% |
| Distributable reserves | 133 | €70,368 | €135,803 | +€65,435 | +93.0% |
| Amounts payable | 17/49 | €77,292 | €96,539 | +€19,246 | +24.9% |
| Amounts payable after more than one year | 17 | €17,565 | €13,783 | -€3,782 | -21.5% |
| Financial debts | 170/4 | €17,565 | €13,783 | -€3,782 | -21.5% |
| Amounts payable within one year | 42/48 | €59,727 | €82,755 | +€23,028 | +38.6% |
| Trade debts | 44 | €8,932 | €1,354 | -€7,578 | -84.8% |
| Suppliers | 440/4 | €8,932 | €1,354 | -€7,578 | -84.8% |
| Taxes, remuneration and social security | 45 | €24,546 | €57,688 | +€33,141 | +135% |
| Taxes | 450/3 | €20,389 | €54,099 | +€33,710 | +165% |
| Remuneration and social security | 454/9 | €4,157 | €3,588 | -€569 | -13.7% |
| Other amounts payable | 47/48 | €26,249 | €23,714 | -€2,535 | -9.7% |
| Remuneration, social security and pensions | 62 | - | €112 | +€112 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,446 | €10,692 | +€246 | +2.4% |
| Other operating charges | 640/8 | €823 | €1,209 | +€385 | +46.8% |
| Gross operating margin | 9900 | €82,594 | €109,404 | +€26,810 | +32.5% |
| Operating profit (loss) | 9901 | €71,325 | €97,391 | +€26,065 | +36.5% |
| Financial income | 75/76B | €123 | €351 | +€227 | +184% |
| Recurring financial income | 75 | €123 | €351 | +€227 | +184% |
| Financial charges | 65/66B | €613 | €978 | +€365 | +59.6% |
| Recurring financial charges | 65 | €613 | €978 | +€365 | +59.6% |
| Profit (loss) for the period before taxes | 9903 | €70,836 | €96,763 | +€25,927 | +36.6% |
| Income taxes | 67/77 | €20,275 | €31,328 | +€11,053 | +54.5% |
| Profit (loss) for the period | 9904 | €50,561 | €65,435 | +€14,874 | +29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €50,561 | €65,435 | +€14,874 | +29.4% |
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 21 October 2026 via checked.be.