Belgian Beer Experts: what changed
Belgian Beer Experts
Largest movements
- Cash -€6,301
down €6,301 (-45.1%), from €13,984 to €7,682
mainly Net result for the year (-€11,233) and Tax, wage and social debts (-€1,374)
- Stocks and contracts -€4,230
down €4,230 (-16.1%), from €26,234 to €22,004
- Receivables within one year -€557
down €557 (-7.5%), from €7,444 to €6,888
of which Trade receivables: -€3,252
- Profit (loss) carried forward -€11,233
down €11,233 (-17.5%), from -€64,266 to -€75,499
- Debts after one year +€1,877
up €1,877 (+2.0%), from €92,499 to €94,377
- Tax, wage and social debts -€1,374
no longer reported in 2025 (was €1,374)
- Gross operating margin -€7,740
down €7,740 (-1,212%), from -€638 to -€8,378
- Write-downs +€360
new in 2025: €360
- Financial charges +€308
up €308 (+18.4%), from €1,678 to €1,987
- Financial income +€250
new in 2025: €250
- Other operating charges +€211
up €211 (+38.5%), from €548 to €759
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €50,500 | €39,608 | -€10,892 | -21.6% |
| Fixed assets | 21/28 | €2,804 | €2,804 | = | 0.0% |
| Intangible fixed assets | 21 | €2,804 | €2,804 | = | 0.0% |
| Current assets | 29/58 | €47,696 | €36,804 | -€10,892 | -22.8% |
| Stocks and contracts in progress | 3 | €26,234 | €22,004 | -€4,230 | -16.1% |
| Stocks | 30/36 | €26,234 | €22,004 | -€4,230 | -16.1% |
| Amounts receivable within one year | 40/41 | €7,444 | €6,888 | -€557 | -7.5% |
| Trade receivables | 40 | €7,444 | €4,192 | -€3,252 | -43.7% |
| Other amounts receivable | 41 | - | €2,696 | +€2,696 | |
| Cash at bank and in hand | 54/58 | €13,984 | €7,682 | -€6,301 | -45.1% |
| Deferred charges and accrued income | 490/1 | €35 | €230 | +€195 | +566% |
| Total equity and liabilities | 10/49 | €50,500 | €39,608 | -€10,892 | -21.6% |
| Equity | 10/15 | -€43,806 | -€55,039 | -€11,233 | -25.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,266 | -€75,499 | -€11,233 | -17.5% |
| Amounts payable | 17/49 | €94,305 | €94,646 | +€341 | +0.4% |
| Amounts payable after more than one year | 17 | €92,499 | €94,377 | +€1,877 | +2.0% |
| Financial debts | 170/4 | €92,499 | €94,377 | +€1,877 | +2.0% |
| Amounts payable within one year | 42/48 | €1,806 | €270 | -€1,536 | -85.1% |
| Trade debts | 44 | €432 | €270 | -€162 | -37.5% |
| Suppliers | 440/4 | €432 | €270 | -€162 | -37.5% |
| Taxes, remuneration and social security | 45 | €1,374 | - | -€1,374 | |
| Taxes | 450/3 | €1,374 | - | -€1,374 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €360 | +€360 | |
| Other operating charges | 640/8 | €548 | €759 | +€211 | +38.5% |
| Gross operating margin | 9900 | -€638 | -€8,378 | -€7,740 | -1,212% |
| Operating profit (loss) | 9901 | -€1,186 | -€9,497 | -€8,311 | -700% |
| Financial income | 75/76B | - | €250 | +€250 | |
| Recurring financial income | 75 | - | €250 | +€250 | |
| Financial charges | 65/66B | €1,678 | €1,987 | +€308 | +18.4% |
| Recurring financial charges | 65 | €1,678 | €1,987 | +€308 | +18.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,865 | -€11,233 | -€8,369 | -292% |
| Profit (loss) for the period | 9904 | -€2,865 | -€11,233 | -€8,369 | -292% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,865 | -€11,233 | -€8,369 | -292% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.