BEVERCO: 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.
BEVERCO
Largest movements
- Tangible fixed assets -€130,330
down €130,330 (-5.9%), from €2.2m to €2.1m
of which Land and buildings: -€122,669
- Cash +€87,597
up €87,597 (+142.3%), from €61,546 to €149,143
mainly Depreciation (+€131,501) and Other debts (+€4,628)
- Reserves -€45,940
down €45,940 (-2.2%), from €2.1m to €2.0m
of which Distributable reserves: -€45,940
- Gross operating margin +€26,225
up €26,225 (+27.5%), from €95,199 to €121,424
- Other operating charges -€8,061
down €8,061 (-28.6%), from €28,148 to €20,087
- Depreciation +€6,844
up €6,844 (+5.5%), from €124,657 to €131,501
- Financial charges +€2,419
up €2,419 (+17.9%), from €13,534 to €15,954
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 | €2,344,380 | €2,304,286 | -€40,095 | -1.7% |
| Fixed assets | 21/28 | €2,216,100 | €2,085,771 | -€130,330 | -5.9% |
| Tangible fixed assets | 22/27 | €2,216,100 | €2,085,771 | -€130,330 | -5.9% |
| Land and buildings | 22 | €2,156,070 | €2,033,402 | -€122,669 | -5.7% |
| Plant, machinery and equipment | 23 | €38,668 | €32,028 | -€6,640 | -17.2% |
| Furniture and vehicles | 24 | €16,224 | €15,826 | -€398 | -2.5% |
| Other tangible fixed assets | 26 | €5,138 | €4,515 | -€623 | -12.1% |
| Current assets | 29/58 | €128,280 | €218,515 | +€90,235 | +70.3% |
| Amounts receivable within one year | 40/41 | €58,109 | €60,777 | +€2,668 | +4.6% |
| Trade receivables | 40 | €16,116 | €16,276 | +€160 | +1.0% |
| Other amounts receivable | 41 | €41,993 | €44,501 | +€2,508 | +6.0% |
| Cash at bank and in hand | 54/58 | €61,546 | €149,143 | +€87,597 | +142.3% |
| Deferred charges and accrued income | 490/1 | €8,625 | €8,595 | -€30 | -0.4% |
| Total equity and liabilities | 10/49 | €2,344,380 | €2,304,286 | -€40,095 | -1.7% |
| Equity | 10/15 | €2,087,662 | €2,041,722 | -€45,940 | -2.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,081,462 | €2,035,522 | -€45,940 | -2.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €2,079,602 | €2,033,662 | -€45,940 | -2.2% |
| Amounts payable | 17/49 | €256,719 | €262,563 | +€5,845 | +2.3% |
| Amounts payable within one year | 42/48 | €247,407 | €253,252 | +€5,845 | +2.4% |
| Trade debts | 44 | €164 | €595 | +€431 | +263.2% |
| Suppliers | 440/4 | €164 | €595 | +€431 | +263.2% |
| Advances received on contracts in progress | 46 | €735 | €735 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €13,163 | €13,949 | +€786 | +6.0% |
| Taxes | 450/3 | €13,163 | €13,949 | +€786 | +6.0% |
| Other amounts payable | 47/48 | €233,345 | €237,972 | +€4,628 | +2.0% |
| Accrued charges and deferred income | 492/3 | €9,312 | €9,312 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €15 | €8 | -€8 | -49.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,657 | €131,501 | +€6,844 | +5.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €28,148 | €20,087 | -€8,061 | -28.6% |
| Gross operating margin | 9900 | €95,199 | €121,424 | +€26,225 | +27.5% |
| Operating profit (loss) | 9901 | -€57,622 | -€30,172 | +€27,449 | +47.6% |
| Financial income | 75/76B | €1,091 | €658 | -€433 | -39.7% |
| Recurring financial income | 75 | €1,091 | €658 | -€433 | -39.7% |
| Financial charges | 65/66B | €13,534 | €15,954 | +€2,419 | +17.9% |
| Recurring financial charges | 65 | €13,534 | €15,954 | +€2,419 | +17.9% |
| Profit (loss) for the period before taxes | 9903 | -€70,065 | -€45,468 | +€24,597 | +35.1% |
| Income taxes | 67/77 | €384 | €472 | +€88 | +23.0% |
| Profit (loss) for the period | 9904 | -€70,449 | -€45,940 | +€24,509 | +34.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€70,449 | -€45,940 | +€24,509 | +34.8% |
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 29 September 2026 via checked.be.