Belgian Rum Association: 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 Rum Association
Largest movements
- Cash +€11,423
up €11,423 (+601%), from €1,900 to €13,323
mainly Stocks and contracts (+€5,840) and Receivables within one year (+€2,382)
- Stocks and contracts -€5,840
down €5,840 (-19.5%), from €29,971 to €24,131
- Receivables within one year -€2,382
down €2,382 (-51.6%), from €4,617 to €2,235
of which Trade receivables: -€1,796
- Profit (loss) carried forward +€1,297
up €1,297 (+117%), from €1,108 to €2,405
- Tax, wage and social debts +€939
up €939 (+2,363%), from €40 to €979
- Other debts +€768
up €768 (+5.1%), from €15,019 to €15,787
- Gross operating margin +€2,069
up €2,069 (+534%), from €387 to €2,457
- Other operating charges +€380
up €380 (+389%), from €98 to €477
- Taxes +€312
up €312 (+786%), from €40 to €352
- Financial income -€135
down €135 (-100.0%), from €135 to €0
of which Non-recurring financial income: -€113
- Financial charges +€105
up €105 (+198%), from €53 to €157
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 | €36,792 | €39,820 | +€3,028 | +8.2% |
| Fixed assets | 21/28 | €304 | €131 | -€173 | -56.9% |
| Tangible fixed assets | 22/27 | €304 | €131 | -€173 | -56.9% |
| Plant, machinery and equipment | 23 | €304 | €131 | -€173 | -56.9% |
| Current assets | 29/58 | €36,488 | €39,689 | +€3,201 | +8.8% |
| Stocks and contracts in progress | 3 | €29,971 | €24,131 | -€5,840 | -19.5% |
| Stocks | 30/36 | €29,971 | €24,131 | -€5,840 | -19.5% |
| Amounts receivable within one year | 40/41 | €4,617 | €2,235 | -€2,382 | -51.6% |
| Trade receivables | 40 | €4,030 | €2,235 | -€1,796 | -44.6% |
| Other amounts receivable | 41 | €586 | - | -€586 | |
| Cash at bank and in hand | 54/58 | €1,900 | €13,323 | +€11,423 | +601% |
| Total equity and liabilities | 10/49 | €36,792 | €39,820 | +€3,028 | +8.2% |
| Equity | 10/15 | €21,108 | €22,405 | +€1,297 | +6.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,108 | €2,405 | +€1,297 | +117% |
| Amounts payable | 17/49 | €15,684 | €17,415 | +€1,731 | +11.0% |
| Amounts payable within one year | 42/48 | €15,684 | €17,415 | +€1,731 | +11.0% |
| Trade debts | 44 | €625 | €649 | +€24 | +3.8% |
| Suppliers | 440/4 | €625 | €649 | +€24 | +3.8% |
| Taxes, remuneration and social security | 45 | €40 | €979 | +€939 | +2,363% |
| Taxes | 450/3 | €40 | €979 | +€939 | +2,363% |
| Other amounts payable | 47/48 | €15,019 | €15,787 | +€768 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €173 | €173 | = | 0.0% |
| Other operating charges | 640/8 | €98 | €477 | +€380 | +389% |
| Gross operating margin | 9900 | €387 | €2,457 | +€2,069 | +534% |
| Operating profit (loss) | 9901 | €117 | €1,806 | +€1,690 | +1,450% |
| Financial income | 75/76B | €135 | €0 | -€135 | -100.0% |
| Recurring financial income | 75 | €22 | €0 | -€22 | -100.0% |
| Non-recurring financial income | 76B | €113 | - | -€113 | |
| Financial charges | 65/66B | €53 | €157 | +€105 | +198% |
| Recurring financial charges | 65 | €53 | €157 | +€105 | +198% |
| Profit (loss) for the period before taxes | 9903 | €199 | €1,649 | +€1,450 | +730% |
| Income taxes | 67/77 | €40 | €352 | +€312 | +786% |
| Profit (loss) for the period | 9904 | €159 | €1,297 | +€1,138 | +716% |
| Profit (loss) for the period to be appropriated | 9905 | €159 | €1,297 | +€1,138 | +716% |
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 17 October 2026 via checked.be.