BIERERFGOED: what changed
BIERERFGOED
Largest movements
- Tangible fixed assets -€231,845
down €231,845 (-30.6%), from €756,472 to €524,627
- Receivables within one year -€116,458
down €116,458 (-34.1%), from €341,209 to €224,751
of which Other amounts receivable: -€106,778
- Debts after one year -€300,000
down €300,000 (-23.1%), from €1.3m to €1.0m
- Profit (loss) carried forward +€123,826
up €123,826 (+30.2%), from -€410,166 to -€286,340
- Investment grants -€116,902
no longer reported in 2025 (was €116,902)
- Trade debts -€66,954
down €66,954 (-81.7%), from €81,989 to €15,035
- Tax, wage and social debts +€11,403
up €11,403 (+117%), from €9,714 to €21,117
- Depreciation -€62,741
down €62,741 (-16.4%), from €382,937 to €320,196
- Financial income -€38,527
down €38,527 (-24.5%), from €157,561 to €119,034
- Write-downs +€12,100
new in 2025: €12,100
- Financial charges -€6,008
down €6,008 (-11.3%), from €52,963 to €46,955
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
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,098,439 | €749,812 | -€348,627 | -31.7% |
| Fixed assets | 21/28 | €756,472 | €524,627 | -€231,845 | -30.6% |
| Tangible fixed assets | 22/27 | €756,472 | €524,627 | -€231,845 | -30.6% |
| Plant, machinery and equipment | 23 | €756,472 | €524,627 | -€231,845 | -30.6% |
| Current assets | 29/58 | €341,967 | €225,185 | -€116,782 | -34.2% |
| Amounts receivable within one year | 40/41 | €341,209 | €224,751 | -€116,458 | -34.1% |
| Trade receivables | 40 | €147,318 | €137,638 | -€9,680 | -6.6% |
| Other amounts receivable | 41 | €193,891 | €87,113 | -€106,778 | -55.1% |
| Deferred charges and accrued income | 490/1 | €758 | €434 | -€324 | -42.7% |
| Total equity and liabilities | 10/49 | €1,098,439 | €749,812 | -€348,627 | -31.7% |
| Equity | 10/15 | -€293,264 | -€286,340 | +€6,924 | +2.4% |
| Profit (loss) carried forward | 14 | -€410,166 | -€286,340 | +€123,826 | +30.2% |
| Investment grants | 15 | €116,902 | - | -€116,902 | |
| Amounts payable | 17/49 | €1,391,703 | €1,036,152 | -€355,551 | -25.5% |
| Amounts payable after more than one year | 17 | €1,300,000 | €1,000,000 | -€300,000 | -23.1% |
| Financial debts | 170/4 | €1,300,000 | €1,000,000 | -€300,000 | -23.1% |
| Amounts payable within one year | 42/48 | €91,703 | €36,152 | -€55,551 | -60.6% |
| Trade debts | 44 | €81,989 | €15,035 | -€66,954 | -81.7% |
| Suppliers | 440/4 | €81,989 | €15,035 | -€66,954 | -81.7% |
| Taxes, remuneration and social security | 45 | €9,714 | €21,117 | +€11,403 | +117% |
| Taxes | 450/3 | €9,714 | €21,117 | +€11,403 | +117% |
| Turnover | 70 | €423,000 | €423,000 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €35,996 | €36,519 | +€523 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €382,937 | €320,196 | -€62,741 | -16.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €12,100 | +€12,100 | |
| Other operating charges | 640/8 | €3,192 | €2,438 | -€754 | -23.6% |
| Gross operating margin | 9900 | €387,004 | €386,481 | -€523 | -0.1% |
| Operating profit (loss) | 9901 | €875 | €51,747 | +€50,872 | +5,814% |
| Financial income | 75/76B | €157,561 | €119,034 | -€38,527 | -24.5% |
| Recurring financial income | 75 | €157,561 | €119,034 | -€38,527 | -24.5% |
| Financial charges | 65/66B | €52,963 | €46,955 | -€6,008 | -11.3% |
| Recurring financial charges | 65 | €52,963 | €46,955 | -€6,008 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €105,473 | €123,826 | +€18,353 | +17.4% |
| Profit (loss) for the period | 9904 | €105,473 | €123,826 | +€18,353 | +17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €105,473 | €123,826 | +€18,353 | +17.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.