BIERHANDEL GOVAERT: what changed
BIERHANDEL GOVAERT
Largest movements
- Current investments -€215,534
down €215,534 (-64.2%), from €335,522 to €119,988
- Cash +€144,781
up €144,781 (+1,954%), from €7,410 to €152,191
mainly Current investments (+€215,534) and Depreciation (+€9,730)
- Tangible fixed assets +€74,032
up €74,032 (+598%), from €12,372 to €86,404
of which Furniture and vehicles: +€74,032
- Receivables within one year -€6,000
down €6,000 (-43.1%), from €13,930 to €7,930
- Reserves -€5,560
down €5,560 (-2.1%), from €267,639 to €262,079
of which Distributable reserves: -€5,560
- Depreciation +€9,730
new in 2025: €9,730
- Gross operating margin +€9,361
up €9,361 (+143%), from €6,561 to €15,922
- Financial income +€3,202
up €3,202 (+166%), from €1,929 to €5,131
- Other operating charges -€1,071
down €1,071 (-40.5%), from €2,645 to €1,574
- Taxes +€894
up €894, from -€21 to €873
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
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €372,686 | €367,114 | -€5,572 | -1.5% |
| Fixed assets | 21/28 | €12,972 | €87,004 | +€74,032 | +571% |
| Tangible fixed assets | 22/27 | €12,372 | €86,404 | +€74,032 | +598% |
| Land and buildings | 22 | €12,372 | €12,372 | = | 0.0% |
| Furniture and vehicles | 24 | - | €74,032 | +€74,032 | |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €359,714 | €280,110 | -€79,604 | -22.1% |
| Amounts receivable within one year | 40/41 | €13,930 | €7,930 | -€6,000 | -43.1% |
| Other amounts receivable | 41 | €13,930 | €7,930 | -€6,000 | -43.1% |
| Current investments | 50/53 | €335,522 | €119,988 | -€215,534 | -64.2% |
| Cash at bank and in hand | 54/58 | €7,410 | €152,191 | +€144,781 | +1,954% |
| Deferred charges and accrued income | 490/1 | €2,851 | - | -€2,851 | |
| Total equity and liabilities | 10/49 | €372,686 | €367,114 | -€5,572 | -1.5% |
| Equity | 10/15 | €355,471 | €349,911 | -€5,560 | -1.6% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €267,639 | €262,079 | -€5,560 | -2.1% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Tax-exempt reserves | 132 | €23,487 | €23,487 | = | 0.0% |
| Distributable reserves | 133 | €236,714 | €231,155 | -€5,560 | -2.3% |
| Profit (loss) carried forward | 14 | €13,464 | €13,464 | = | 0.0% |
| Amounts payable | 17/49 | €17,215 | €17,203 | -€12 | -0.1% |
| Amounts payable within one year | 42/48 | €17,215 | €17,203 | -€12 | -0.1% |
| Trade debts | 44 | €229 | €129 | -€100 | -43.6% |
| Suppliers | 440/4 | €229 | €129 | -€100 | -43.6% |
| Taxes, remuneration and social security | 45 | €4,286 | €4,374 | +€88 | +2.1% |
| Taxes | 450/3 | €4,286 | €4,374 | +€88 | +2.1% |
| Other amounts payable | 47/48 | €12,700 | €12,700 | = | 0.0% |
| Non-recurring operating income | 76A | - | €13,223 | +€13,223 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €9,730 | +€9,730 | |
| Other operating charges | 640/8 | €2,645 | €1,574 | -€1,071 | -40.5% |
| Gross operating margin | 9900 | €6,561 | €15,922 | +€9,361 | +143% |
| Operating profit (loss) | 9901 | €3,916 | €4,618 | +€701 | +17.9% |
| Financial income | 75/76B | €1,929 | €5,131 | +€3,202 | +166% |
| Recurring financial income | 75 | €1,929 | €5,131 | +€3,202 | +166% |
| Financial charges | 65/66B | €135 | €150 | +€15 | +11.1% |
| Recurring financial charges | 65 | €135 | €150 | +€15 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €5,711 | €9,599 | +€3,888 | +68.1% |
| Income taxes | 67/77 | -€21 | €873 | +€894 | |
| Profit (loss) for the period | 9904 | €5,732 | €8,726 | +€2,994 | +52.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,732 | €8,726 | +€2,994 | +52.2% |
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 4 November 2026 via checked.be.