BELGIAN BEER EXPORT: 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.
BELGIAN BEER EXPORT
Largest movements
- Receivables within one year -€159,909
down €159,909 (-92.6%), from €172,725 to €12,816
of which Trade receivables: -€157,821
- Tangible fixed assets -€5,420
down €5,420 (-30.5%), from €17,776 to €12,357
- Trade debts -€123,379
down €123,379 (-74.2%), from €166,209 to €42,830
- Advances received -€53,996
no longer reported in 2025 (was €53,996)
- Other debts +€27,684
up €27,684 (+185.2%), from €14,945 to €42,629
- Profit (loss) carried forward -€11,370
down €11,370 (-39.7%), from -€28,633 to -€40,004
- Debts after one year -€4,000
down €4,000 (-22.7%), from €17,612 to €13,612
- Gross operating margin +€25,947
up €25,947 (+83.1%), from -€31,231 to -€5,284
- Financial charges -€744
down €744 (-59.0%), from €1,261 to €518
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 | €233,210 | €65,633 | -€167,577 | -71.9% |
| Fixed assets | 21/28 | €24,291 | €18,871 | -€5,420 | -22.3% |
| Tangible fixed assets | 22/27 | €17,776 | €12,357 | -€5,420 | -30.5% |
| Furniture and vehicles | 24 | €17,776 | €12,357 | -€5,420 | -30.5% |
| Financial fixed assets | 28 | €6,515 | €6,515 | = | 0.0% |
| Current assets | 29/58 | €208,919 | €46,761 | -€162,157 | -77.6% |
| Stocks and contracts in progress | 3 | €24,597 | €24,597 | = | 0.0% |
| Stocks | 30/36 | €24,597 | €24,597 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €172,725 | €12,816 | -€159,909 | -92.6% |
| Trade receivables | 40 | €157,821 | - | -€157,821 | |
| Other amounts receivable | 41 | €14,904 | €12,816 | -€2,088 | -14.0% |
| Cash at bank and in hand | 54/58 | €11,596 | €9,348 | -€2,248 | -19.4% |
| Total equity and liabilities | 10/49 | €233,210 | €65,633 | -€167,577 | -71.9% |
| Equity | 10/15 | -€24,633 | -€36,004 | -€11,370 | -46.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,633 | -€40,004 | -€11,370 | -39.7% |
| Amounts payable | 17/49 | €257,843 | €101,636 | -€156,207 | -60.6% |
| Amounts payable after more than one year | 17 | €17,612 | €13,612 | -€4,000 | -22.7% |
| Financial debts | 170/4 | €17,612 | €13,612 | -€4,000 | -22.7% |
| Amounts payable within one year | 42/48 | €240,231 | €88,024 | -€152,207 | -63.4% |
| Current portion of amounts payable after more than one year | 42 | €5,080 | €2,565 | -€2,515 | -49.5% |
| Trade debts | 44 | €166,209 | €42,830 | -€123,379 | -74.2% |
| Suppliers | 440/4 | €166,209 | €42,830 | -€123,379 | -74.2% |
| Advances received on contracts in progress | 46 | €53,996 | - | -€53,996 | |
| Other amounts payable | 47/48 | €14,945 | €42,629 | +€27,684 | +185.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,420 | €5,420 | = | 0.0% |
| Other operating charges | 640/8 | €149 | €149 | = | 0.0% |
| Gross operating margin | 9900 | -€31,231 | -€5,284 | +€25,947 | +83.1% |
| Operating profit (loss) | 9901 | -€36,799 | -€10,853 | +€25,947 | +70.5% |
| Financial income | 75/76B | €29 | - | -€29 | |
| Recurring financial income | 75 | €29 | - | -€29 | |
| Financial charges | 65/66B | €1,261 | €518 | -€744 | -59.0% |
| Recurring financial charges | 65 | €1,261 | €518 | -€744 | -59.0% |
| Profit (loss) for the period before taxes | 9903 | -€38,032 | -€11,370 | +€26,662 | +70.1% |
| Profit (loss) for the period | 9904 | -€38,032 | -€11,370 | +€26,662 | +70.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,032 | -€11,370 | +€26,662 | +70.1% |
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 1 October 2026 via checked.be.