BELGIUM BEER EXPORT: 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.
BELGIUM BEER EXPORT
Largest movements
- Financial fixed assets +€599,890
up €599,890 (+9,145%), from €6,560 to €606,450
- Receivables within one year +€407,846
up €407,846 (+87.5%), from €466,133 to €873,980
of which Trade receivables: +€442,128
- Tangible fixed assets -€81,899
down €81,899 (-13.6%), from €602,390 to €520,492
of which Plant, machinery and equipment: -€72,908
- Cash -€59,656
down €59,656 (-70.3%), from €84,870 to €25,215
mainly Investment in fixed assets (net) (-€659,623) and Receivables within one year (-€407,846)
- Other debts +€1.0m
up €1.0m (+158%), from €661,710 to €1.7m
- Contributions +€360,000
up €360,000 (+144%), from €250,000 to €610,000
- Profit (loss) carried forward -€298,922
down €298,922 (-177%), from -€168,469 to -€467,390
- Trade debts -€252,739
down €252,739 (-57.9%), from €436,737 to €183,998
- Tax, wage and social debts +€64,171
up €64,171 (+131%), from €49,093 to €113,265
of which Taxes: +€83,631
- Gross operating margin +€554,857
up €554,857 (+817%), from €67,950 to €622,806
- Other operating charges +€502,531
up €502,531 (+3,384%), from €14,849 to €517,380
- Financial charges -€261,016
down €261,016 (-90.2%), from €289,321 to €28,305
of which Non-recurring financial charges: -€246,565
- Staff costs -€222,199
down €222,199 (-49.8%), from €446,597 to €224,398
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 | €1,400,648 | €2,268,031 | +€867,382 | +61.9% |
| Fixed assets | 21/28 | €617,513 | €1,130,298 | +€512,785 | +83.0% |
| Intangible fixed assets | 21 | €8,563 | €3,356 | -€5,206 | -60.8% |
| Tangible fixed assets | 22/27 | €602,390 | €520,492 | -€81,899 | -13.6% |
| Plant, machinery and equipment | 23 | €587,130 | €514,222 | -€72,908 | -12.4% |
| Furniture and vehicles | 24 | €8,255 | €1,408 | -€6,847 | -82.9% |
| Other tangible fixed assets | 26 | €7,005 | €4,861 | -€2,144 | -30.6% |
| Financial fixed assets | 28 | €6,560 | €606,450 | +€599,890 | +9,145% |
| Current assets | 29/58 | €783,135 | €1,137,732 | +€354,597 | +45.3% |
| Stocks and contracts in progress | 3 | €226,361 | €233,359 | +€6,998 | +3.1% |
| Stocks | 30/36 | €226,361 | €233,359 | +€6,998 | +3.1% |
| Amounts receivable within one year | 40/41 | €466,133 | €873,980 | +€407,846 | +87.5% |
| Trade receivables | 40 | €405,268 | €847,396 | +€442,128 | +109% |
| Other amounts receivable | 41 | €60,866 | €26,584 | -€34,282 | -56.3% |
| Cash at bank and in hand | 54/58 | €84,870 | €25,215 | -€59,656 | -70.3% |
| Deferred charges and accrued income | 490/1 | €5,771 | €5,179 | -€592 | -10.3% |
| Total equity and liabilities | 10/49 | €1,400,648 | €2,268,031 | +€867,382 | +61.9% |
| Equity | 10/15 | €81,531 | €142,610 | +€61,078 | +74.9% |
| Contributions | 10/11 | €250,000 | €610,000 | +€360,000 | +144% |
| Capital | 10 | €250,000 | €610,000 | +€360,000 | +144% |
| Issued capital | 100 | €610,000 | €610,000 | = | 0.0% |
| Uncalled capital | 101 | €360,000 | €0 | -€360,000 | -100% |
| Profit (loss) carried forward | 14 | -€168,469 | -€467,390 | -€298,922 | -177% |
| Amounts payable | 17/49 | €1,319,117 | €2,125,421 | +€806,304 | +61.1% |
| Amounts payable after more than one year | 17 | €111,294 | €71,510 | -€39,783 | -35.7% |
| Financial debts | 170/4 | €111,294 | €71,510 | -€39,783 | -35.7% |
| Amounts payable within one year | 42/48 | €1,207,823 | €2,053,553 | +€845,730 | +70.0% |
| Current portion of amounts payable after more than one year | 42 | €46,283 | €39,783 | -€6,499 | -14.0% |
| Financial debts | 43 | €14,000 | €11,560 | -€2,440 | -17.4% |
| Credit institutions | 430/8 | €14,000 | €11,560 | -€2,440 | -17.4% |
| Trade debts | 44 | €436,737 | €183,998 | -€252,739 | -57.9% |
| Suppliers | 440/4 | €436,737 | €183,998 | -€252,739 | -57.9% |
| Advances received on contracts in progress | 46 | - | €170 | +€170 | |
| Taxes, remuneration and social security | 45 | €49,093 | €113,265 | +€64,171 | +131% |
| Taxes | 450/3 | €3,888 | €87,519 | +€83,631 | +2,151% |
| Remuneration and social security | 454/9 | €45,205 | €25,746 | -€19,459 | -43.0% |
| Other amounts payable | 47/48 | €661,710 | €1,704,778 | +€1.0m | +158% |
| Accrued charges and deferred income | 492/3 | - | €358 | +€358 | |
| Remuneration, social security and pensions | 62 | €446,597 | €224,398 | -€222,199 | -49.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €144,075 | €146,838 | +€2,764 | +1.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,880 | +€3,880 | |
| Other operating charges | 640/8 | €14,849 | €517,380 | +€502,531 | +3,384% |
| Gross operating margin | 9900 | €67,950 | €622,806 | +€554,857 | +817% |
| Operating profit (loss) | 9901 | -€537,572 | -€269,691 | +€267,881 | +49.8% |
| Financial income | 75/76B | €2 | €0 | -€2 | -93.6% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -93.6% |
| Financial charges | 65/66B | €289,321 | €28,305 | -€261,016 | -90.2% |
| Recurring financial charges | 65 | €42,756 | €28,305 | -€14,451 | -33.8% |
| Non-recurring financial charges | 66B | €246,565 | €0 | -€246,565 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€826,890 | -€297,996 | +€528,894 | +64.0% |
| Income taxes | 67/77 | €1,597 | €926 | -€671 | -42.0% |
| Profit (loss) for the period | 9904 | -€828,487 | -€298,922 | +€529,565 | +63.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€828,487 | -€298,922 | +€529,565 | +63.9% |
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 30 October 2026 via checked.be.