BIERHANDEL VERHELLE: 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.
BIERHANDEL VERHELLE
Largest movements
- Receivables within one year -€96,540
down €96,540 (-67.7%), from €142,499 to €45,959
of which Trade receivables: -€103,740
- Cash +€67,524
up €67,524 (+39.0%), from €173,204 to €240,728
mainly Receivables within one year (+€96,540) and Stocks and contracts (+€64,160)
- Stocks and contracts -€64,160
down €64,160 (-23.8%), from €269,459 to €205,299
- Tangible fixed assets -€27,730
down €27,730 (-11.5%), from €242,121 to €214,392
- Trade debts -€84,186
down €84,186 (-37.6%), from €223,707 to €139,520
- Profit (loss) carried forward -€12,165
down €12,165 (-3.5%), from €346,286 to €334,122
- Debts after one year -€10,290
down €10,290 (-79.6%), from €12,925 to €2,635
- Provisions -€9,075
down €9,075 (-80.0%), from €11,351 to €2,276
- Staff costs -€113,399
down €113,399 (-58.2%), from €194,708 to €81,310
- Gross operating margin -€23,669
down €23,669 (-19.4%), from €122,208 to €98,539
- Provisions -€9,828
down €9,828, from €754 to -€9,075
- Financial charges +€5,265
up €5,265 (+102%), from €5,144 to €10,410
- Taxes -€2,548
down €2,548, from €1,591 to -€957
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 | €840,285 | €720,038 | -€120,247 | -14.3% |
| Fixed assets | 21/28 | €255,123 | €225,879 | -€29,244 | -11.5% |
| Tangible fixed assets | 22/27 | €242,121 | €214,392 | -€27,730 | -11.5% |
| Land and buildings | 22 | €187,865 | €175,435 | -€12,430 | -6.6% |
| Plant, machinery and equipment | 23 | €2,181 | - | -€2,181 | |
| Furniture and vehicles | 24 | €52,076 | €38,957 | -€13,119 | -25.2% |
| Financial fixed assets | 28 | €13,001 | €11,487 | -€1,514 | -11.6% |
| Current assets | 29/58 | €585,162 | €494,159 | -€91,004 | -15.6% |
| Stocks and contracts in progress | 3 | €269,459 | €205,299 | -€64,160 | -23.8% |
| Stocks | 30/36 | €269,459 | €205,299 | -€64,160 | -23.8% |
| Amounts receivable within one year | 40/41 | €142,499 | €45,959 | -€96,540 | -67.7% |
| Trade receivables | 40 | €127,103 | €23,363 | -€103,740 | -81.6% |
| Other amounts receivable | 41 | €15,396 | €22,597 | +€7,201 | +46.8% |
| Cash at bank and in hand | 54/58 | €173,204 | €240,728 | +€67,524 | +39.0% |
| Deferred charges and accrued income | 490/1 | €0 | €2,172 | +€2,172 | +1,206,700% |
| Total equity and liabilities | 10/49 | €840,285 | €720,038 | -€120,247 | -14.3% |
| Equity | 10/15 | €468,901 | €456,736 | -€12,165 | -2.6% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €91,478 | €91,478 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Tax-exempt reserves | 132 | €32,298 | €32,298 | = | 0.0% |
| Distributable reserves | 133 | €56,081 | €56,081 | = | 0.0% |
| Profit (loss) carried forward | 14 | €346,286 | €334,122 | -€12,165 | -3.5% |
| Investment grants | 15 | €150 | €150 | = | 0.0% |
| Provisions and deferred taxes | 16 | €11,351 | €2,276 | -€9,075 | -80.0% |
| Provisions for liabilities and charges | 160/5 | €11,351 | €2,276 | -€9,075 | -80.0% |
| Other liabilities and charges | 164/5 | €11,351 | €2,276 | -€9,075 | -80.0% |
| Amounts payable | 17/49 | €360,034 | €261,026 | -€99,008 | -27.5% |
| Amounts payable after more than one year | 17 | €12,925 | €2,635 | -€10,290 | -79.6% |
| Financial debts | 170/4 | €12,925 | €2,635 | -€10,290 | -79.6% |
| Amounts payable within one year | 42/48 | €345,966 | €258,048 | -€87,918 | -25.4% |
| Current portion of amounts payable after more than one year | 42 | €9,899 | €10,290 | +€391 | +4.0% |
| Trade debts | 44 | €223,707 | €139,520 | -€84,186 | -37.6% |
| Suppliers | 440/4 | €223,707 | €139,520 | -€84,186 | -37.6% |
| Taxes, remuneration and social security | 45 | €8,613 | €1,064 | -€7,549 | -87.6% |
| Taxes | 450/3 | €2,335 | €1,064 | -€1,271 | -54.4% |
| Remuneration and social security | 454/9 | €6,278 | €0 | -€6,278 | -100% |
| Other amounts payable | 47/48 | €103,748 | €107,173 | +€3,426 | +3.3% |
| Accrued charges and deferred income | 492/3 | €1,143 | €343 | -€800 | -70.0% |
| Remuneration, social security and pensions | 62 | €194,708 | €81,310 | -€113,399 | -58.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,150 | €27,730 | -€1,420 | -4.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €754 | -€9,075 | -€9,828 | |
| Other operating charges | 640/8 | €1,116 | €1,570 | +€454 | +40.7% |
| Gross operating margin | 9900 | €122,208 | €98,539 | -€23,669 | -19.4% |
| Operating profit (loss) | 9901 | -€103,520 | -€2,996 | +€100,524 | +97.1% |
| Financial income | 75/76B | €581 | €283 | -€298 | -51.2% |
| Recurring financial income | 75 | €581 | €283 | -€298 | -51.2% |
| Financial charges | 65/66B | €5,144 | €10,410 | +€5,265 | +102% |
| Recurring financial charges | 65 | €5,144 | €10,410 | +€5,265 | +102% |
| Profit (loss) for the period before taxes | 9903 | -€108,083 | -€13,122 | +€94,961 | +87.9% |
| Income taxes | 67/77 | €1,591 | -€957 | -€2,548 | |
| Profit (loss) for the period | 9904 | -€109,674 | -€12,165 | +€97,510 | +88.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€109,674 | -€12,165 | +€97,510 | +88.9% |
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 25 October 2026 via checked.be.