Belgian beer logistic: 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.
Belgian beer logistic
Largest movements
- Receivables within one year -€2,034
down €2,034 (-99.4%), from €2,047 to €13
of which Trade receivables: -€2,035
- Cash +€562
up €562 (+6,132%), from €9 to €571
mainly Receivables within one year (+€2,034) and Net result for the year (+€752)
- Formation expenses -€213
no longer reported in 2025 (was €213)
- Trade debts -€1,889
down €1,889 (-77.0%), from €2,452 to €563
- Profit (loss) carried forward +€752
up €752 (+15.4%), from -€4,872 to -€4,121
- Other debts -€525
down €525 (-80.1%), from €656 to €131
- Gross operating margin +€1,342
up €1,342 (+902%), from €149 to €1,490
- Depreciation -€176
down €176 (-45.3%), from €389 to €213
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 | €2,269 | €585 | -€1,684 | -74.2% |
| Formation expenses | 20 | €213 | - | -€213 | |
| Current assets | 29/58 | €2,056 | €585 | -€1,472 | -71.6% |
| Amounts receivable within one year | 40/41 | €2,047 | €13 | -€2,034 | -99.4% |
| Trade receivables | 40 | €2,035 | - | -€2,035 | |
| Other amounts receivable | 41 | €12 | €13 | +€1 | +6.9% |
| Cash at bank and in hand | 54/58 | €9 | €571 | +€562 | +6,132% |
| Total equity and liabilities | 10/49 | €2,269 | €585 | -€1,684 | -74.2% |
| Equity | 10/15 | -€872 | -€121 | +€752 | +86.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,872 | -€4,121 | +€752 | +15.4% |
| Amounts payable | 17/49 | €3,141 | €705 | -€2,436 | -77.5% |
| Amounts payable within one year | 42/48 | €3,108 | €694 | -€2,414 | -77.7% |
| Trade debts | 44 | €2,452 | €563 | -€1,889 | -77.0% |
| Suppliers | 440/4 | €2,452 | €563 | -€1,889 | -77.0% |
| Other amounts payable | 47/48 | €656 | €131 | -€525 | -80.1% |
| Accrued charges and deferred income | 492/3 | €33 | €12 | -€22 | -65.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €389 | €213 | -€176 | -45.3% |
| Other operating charges | 640/8 | €394 | €387 | -€7 | -1.8% |
| Gross operating margin | 9900 | €149 | €1,490 | +€1,342 | +902% |
| Operating profit (loss) | 9901 | -€634 | €890 | +€1,525 | |
| Financial charges | 65/66B | €138 | €139 | +€0 | +0.1% |
| Recurring financial charges | 65 | €138 | €139 | +€0 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | -€773 | €752 | +€1,525 | |
| Profit (loss) for the period | 9904 | -€773 | €752 | +€1,525 | |
| Profit (loss) for the period to be appropriated | 9905 | -€773 | €752 | +€1,525 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.