Belgian Beer Factory: what changed
Belgian Beer Factory
Largest movements
- Cash +€10,616
up €10,616 (+273%), from €3,895 to €14,511
mainly Trade debts (+€91,315) and Other debts (+€18,630)
- Receivables within one year -€9,700
down €9,700 (-25.5%), from €37,971 to €28,272
of which Other amounts receivable: -€5,543
- Intangible fixed assets +€2,499
up €2,499 (+4.9%), from €51,223 to €53,721
- Stocks and contracts -€2,475
down €2,475 (-22.3%), from €11,119 to €8,644
- Deferred charges and accrued income -€1,850
down €1,850 (-49.8%), from €3,713 to €1,863
- Profit (loss) carried forward -€99,910
down €99,910 (-65.4%), from -€152,839 to -€252,749
- Trade debts +€91,315
up €91,315 (+61.7%), from €147,935 to €239,251
- Other debts +€18,630
new in 2025: €18,630
- Current portion of long-term debt -€9,329
down €9,329 (-74.5%), from €12,524 to €3,195
- Debts after one year -€3,195
no longer reported in 2025 (was €3,195)
- Depreciation +€9,562
up €9,562 (+244%), from €3,926 to €13,488
- Gross operating margin -€5,371
down €5,371 (-7.0%), from -€76,474 to -€81,845
- Financial charges +€1,379
up €1,379 (+61.9%), from €2,227 to €3,606
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 | €112,332 | €110,795 | -€1,537 | -1.4% |
| Fixed assets | 21/28 | €55,634 | €57,505 | +€1,871 | +3.4% |
| Intangible fixed assets | 21 | €51,223 | €53,721 | +€2,499 | +4.9% |
| Tangible fixed assets | 22/27 | €4,411 | €3,784 | -€627 | -14.2% |
| Plant, machinery and equipment | 23 | €3,108 | €2,653 | -€455 | -14.6% |
| Furniture and vehicles | 24 | €1,303 | €1,131 | -€172 | -13.2% |
| Current assets | 29/58 | €56,698 | €53,289 | -€3,409 | -6.0% |
| Stocks and contracts in progress | 3 | €11,119 | €8,644 | -€2,475 | -22.3% |
| Stocks | 30/36 | €11,119 | €8,644 | -€2,475 | -22.3% |
| Amounts receivable within one year | 40/41 | €37,971 | €28,272 | -€9,700 | -25.5% |
| Trade receivables | 40 | €14,453 | €10,296 | -€4,157 | -28.8% |
| Other amounts receivable | 41 | €23,518 | €17,975 | -€5,543 | -23.6% |
| Cash at bank and in hand | 54/58 | €3,895 | €14,511 | +€10,616 | +273% |
| Deferred charges and accrued income | 490/1 | €3,713 | €1,863 | -€1,850 | -49.8% |
| Total equity and liabilities | 10/49 | €112,332 | €110,795 | -€1,537 | -1.4% |
| Equity | 10/15 | -€52,839 | -€152,749 | -€99,910 | -189% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€152,839 | -€252,749 | -€99,910 | -65.4% |
| Amounts payable | 17/49 | €165,171 | €263,544 | +€98,373 | +59.6% |
| Amounts payable after more than one year | 17 | €3,195 | - | -€3,195 | |
| Financial debts | 170/4 | €3,195 | - | -€3,195 | |
| Amounts payable within one year | 42/48 | €161,846 | €263,544 | +€101,698 | +62.8% |
| Current portion of amounts payable after more than one year | 42 | €12,524 | €3,195 | -€9,329 | -74.5% |
| Trade debts | 44 | €147,935 | €239,251 | +€91,315 | +61.7% |
| Suppliers | 440/4 | €147,935 | €239,251 | +€91,315 | +61.7% |
| Taxes, remuneration and social security | 45 | €1,387 | €2,469 | +€1,082 | +78.0% |
| Taxes | 450/3 | €1,387 | €2,469 | +€1,082 | +78.0% |
| Other amounts payable | 47/48 | - | €18,630 | +€18,630 | |
| Accrued charges and deferred income | 492/3 | €130 | - | -€130 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,926 | €13,488 | +€9,562 | +244% |
| Other operating charges | 640/8 | €1,204 | €1,037 | -€167 | -13.9% |
| Gross operating margin | 9900 | -€76,474 | -€81,845 | -€5,371 | -7.0% |
| Operating profit (loss) | 9901 | -€81,605 | -€96,370 | -€14,765 | -18.1% |
| Financial income | 75/76B | €400 | €65 | -€335 | -83.7% |
| Recurring financial income | 75 | €400 | €65 | -€335 | -83.7% |
| Financial charges | 65/66B | €2,227 | €3,606 | +€1,379 | +61.9% |
| Recurring financial charges | 65 | €2,227 | €3,606 | +€1,379 | +61.9% |
| Profit (loss) for the period before taxes | 9903 | -€83,431 | -€99,910 | -€16,479 | -19.8% |
| Income taxes | 67/77 | €398 | - | -€398 | |
| Profit (loss) for the period | 9904 | -€83,830 | -€99,910 | -€16,081 | -19.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€83,830 | -€99,910 | -€16,081 | -19.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.