BRAECKMAN DISTILLERY: 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.
BRAECKMAN DISTILLERY
Largest movements
- Tangible fixed assets -€56,757
down €56,757 (-26.0%), from €218,143 to €161,386
- Stocks and contracts +€33,192
up €33,192 (+7.2%), from €462,660 to €495,852
- Receivables within one year -€16,761
down €16,761 (-33.7%), from €49,768 to €33,007
of which Trade receivables: -€15,415
- Short-term financial debts +€41,089
up €41,089 (+121%), from €33,911 to €75,000
- Profit (loss) carried forward -€36,845
down €36,845 (-502%), from -€7,337 to -€44,183
- Debts after one year -€30,517
down €30,517 (-27.8%), from €109,698 to €79,180
- Current portion of long-term debt -€9,848
down €9,848 (-24.4%), from €40,366 to €30,517
- Trade debts -€8,205
down €8,205 (-27.8%), from €29,498 to €21,293
- Gross operating margin +€46,512
up €46,512 (+53.4%), from €87,057 to €133,568
- Depreciation -€13,874
down €13,874 (-18.3%), from €75,613 to €61,739
- Financial charges +€3,075
up €3,075 (+28.5%), from €10,795 to €13,870
- Staff costs +€1,467
up €1,467 (+1.6%), from €90,300 to €91,767
- Other operating charges -€1,449
down €1,449 (-29.3%), from €4,953 to €3,504
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €769,471 | €727,048 | -€42,423 | -5.5% |
| Fixed assets | 21/28 | €238,757 | €181,753 | -€57,004 | -23.9% |
| Intangible fixed assets | 21 | €2,413 | €2,166 | -€247 | -10.2% |
| Tangible fixed assets | 22/27 | €218,143 | €161,386 | -€56,757 | -26.0% |
| Plant, machinery and equipment | 23 | €58,430 | €33,686 | -€24,744 | -42.3% |
| Furniture and vehicles | 24 | €58,988 | €39,465 | -€19,524 | -33.1% |
| Other tangible fixed assets | 26 | €100,725 | €88,235 | -€12,489 | -12.4% |
| Financial fixed assets | 28 | €18,201 | €18,201 | = | 0.0% |
| Current assets | 29/58 | €530,714 | €545,295 | +€14,581 | +2.7% |
| Stocks and contracts in progress | 3 | €462,660 | €495,852 | +€33,192 | +7.2% |
| Stocks | 30/36 | €462,660 | €495,852 | +€33,192 | +7.2% |
| Amounts receivable within one year | 40/41 | €49,768 | €33,007 | -€16,761 | -33.7% |
| Trade receivables | 40 | €48,261 | €32,845 | -€15,415 | -31.9% |
| Other amounts receivable | 41 | €1,507 | €162 | -€1,345 | -89.3% |
| Cash at bank and in hand | 54/58 | €2,244 | €1,543 | -€701 | -31.2% |
| Deferred charges and accrued income | 490/1 | €16,042 | €14,893 | -€1,149 | -7.2% |
| Total equity and liabilities | 10/49 | €769,471 | €727,048 | -€42,423 | -5.5% |
| Equity | 10/15 | €314,483 | €277,637 | -€36,845 | -11.7% |
| Contributions | 10/11 | €314,820 | €314,820 | = | 0.0% |
| Reserves | 13 | €7,000 | €7,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,337 | -€44,183 | -€36,845 | -502% |
| Amounts payable | 17/49 | €454,988 | €449,411 | -€5,577 | -1.2% |
| Amounts payable after more than one year | 17 | €109,698 | €79,180 | -€30,517 | -27.8% |
| Financial debts | 170/4 | €109,698 | €79,180 | -€30,517 | -27.8% |
| Amounts payable within one year | 42/48 | €345,290 | €370,040 | +€24,750 | +7.2% |
| Current portion of amounts payable after more than one year | 42 | €40,366 | €30,517 | -€9,848 | -24.4% |
| Financial debts | 43 | €33,911 | €75,000 | +€41,089 | +121% |
| Credit institutions | 430/8 | €33,911 | €75,000 | +€41,089 | +121% |
| Trade debts | 44 | €29,498 | €21,293 | -€8,205 | -27.8% |
| Suppliers | 440/4 | €29,498 | €21,293 | -€8,205 | -27.8% |
| Taxes, remuneration and social security | 45 | €17,161 | €15,203 | -€1,958 | -11.4% |
| Taxes | 450/3 | €6,124 | €3,817 | -€2,307 | -37.7% |
| Remuneration and social security | 454/9 | €11,037 | €11,386 | +€349 | +3.2% |
| Other amounts payable | 47/48 | €224,355 | €228,026 | +€3,672 | +1.6% |
| Accrued charges and deferred income | 492/3 | - | €190 | +€190 | |
| Remuneration, social security and pensions | 62 | €90,300 | €91,767 | +€1,467 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,613 | €61,739 | -€13,874 | -18.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,105 | - | -€1,105 | |
| Other operating charges | 640/8 | €4,953 | €3,504 | -€1,449 | -29.3% |
| Gross operating margin | 9900 | €87,057 | €133,568 | +€46,512 | +53.4% |
| Operating profit (loss) | 9901 | -€84,915 | -€23,441 | +€61,473 | +72.4% |
| Financial income | 75/76B | €64 | €804 | +€740 | +1,151% |
| Recurring financial income | 75 | €64 | €804 | +€740 | +1,151% |
| Financial charges | 65/66B | €10,795 | €13,870 | +€3,075 | +28.5% |
| Recurring financial charges | 65 | €10,795 | €13,870 | +€3,075 | +28.5% |
| Profit (loss) for the period before taxes | 9903 | -€95,645 | -€36,507 | +€59,138 | +61.8% |
| Income taxes | 67/77 | €352 | €338 | -€14 | -3.9% |
| Profit (loss) for the period | 9904 | -€95,997 | -€36,845 | +€59,152 | +61.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€95,997 | -€36,845 | +€59,152 | +61.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.