BRASSE - TEMPS DIFFUSION: 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.
What changed
BRASSE - TEMPS DIFFUSION
NACE 11.050, Manufacture of beer
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€504,691
2024 · €614,663-€109,972
Equity
€1.1m
2024 · €1.1m+€4,691
Cash
€166,239
2024 · €161,877+€4,362
Balance sheet total
€2.0m
2024 · €2.0m+€20,916
Largest movements
Assets
- Current investments +€162,223
up €162,223 (+19.1%), from €850,202 to €1.0m
- Receivables within one year -€92,890
down €92,890 (-45.4%), from €204,611 to €111,720
of which Other amounts receivable: -€61,121
- Financial fixed assets -€35,000
down €35,000 (-11.0%), from €319,500 to €284,500
Equity and liabilities
- Other debts +€39,433
up €39,433 (+8.5%), from €461,478 to €500,912
Income statement
- Financial charges +€92,313
up €92,313 (+6121.0%), from €1,508 to €93,821
of which Non-recurring financial charges: +€92,450
- Financial income -€17,542
down €17,542 (-7.6%), from €231,820 to €214,278
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.
Result 2024
€614,663
Gross operating margin
+€1,374
Staff costs
+€2,462
Depreciation
-€11,367
Other operating charges
-€880
Financial income
-€17,542
Financial charges
-€92,313
Taxes
+€8,294
Result 2025
€504,691
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.
From operations
+€709,662
Investment
-€205,300
Financing
-€500,000
Cash 2024
€161,877
From operations (derived)
+€709,662
Net result for the year
+€504,691
Depreciation
+€80,346
Stocks and contracts
+€15,509
Receivables within one year
+€92,890
Trade debts
-€11,345
Tax, wage and social debts
-€11,864
Other debts
+€39,433
Investment (derived)
-€205,300
Investment in fixed assets (net)
-€43,077
Current investments
-€162,223
Financing
-€500,000
Contributions, distributions and other
-€500,000
Cash 2025
€166,239
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,017,401 | €2,038,317 | +€20,916 | +1.0% |
| Fixed assets | 21/28 | €761,747 | €724,477 | -€37,269 | -4.9% |
| Tangible fixed assets | 22/27 | €442,247 | €439,977 | -€2,269 | -0.5% |
| Plant, machinery and equipment | 23 | €431,318 | €424,462 | -€6,856 | -1.6% |
| Furniture and vehicles | 24 | €10,928 | €15,515 | +€4,587 | +42.0% |
| Financial fixed assets | 28 | €319,500 | €284,500 | -€35,000 | -11.0% |
| Current assets | 29/58 | €1,255,655 | €1,313,840 | +€58,185 | +4.6% |
| Stocks and contracts in progress | 3 | €38,965 | €23,456 | -€15,509 | -39.8% |
| Stocks | 30/36 | €38,965 | €23,456 | -€15,509 | -39.8% |
| Amounts receivable within one year | 40/41 | €204,611 | €111,720 | -€92,890 | -45.4% |
| Trade receivables | 40 | €85,589 | €53,820 | -€31,769 | -37.1% |
| Other amounts receivable | 41 | €119,022 | €57,900 | -€61,121 | -51.4% |
| Current investments | 50/53 | €850,202 | €1,012,425 | +€162,223 | +19.1% |
| Cash at bank and in hand | 54/58 | €161,877 | €166,239 | +€4,362 | +2.7% |
| Total equity and liabilities | 10/49 | €2,017,401 | €2,038,317 | +€20,916 | +1.0% |
| Equity | 10/15 | €1,088,738 | €1,093,429 | +€4,691 | +0.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €988,738 | €993,429 | +€4,691 | +0.5% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €108,000 | €108,000 | = | 0.0% |
| Distributable reserves | 133 | €870,738 | €875,429 | +€4,691 | +0.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €928,663 | €944,888 | +€16,225 | +1.7% |
| Amounts payable within one year | 42/48 | €928,663 | €944,888 | +€16,225 | +1.7% |
| Trade debts | 44 | €334,880 | €323,536 | -€11,345 | -3.4% |
| Suppliers | 440/4 | €334,880 | €323,536 | -€11,345 | -3.4% |
| Taxes, remuneration and social security | 45 | €132,305 | €120,441 | -€11,864 | -9.0% |
| Taxes | 450/3 | €47,659 | €34,724 | -€12,935 | -27.1% |
| Remuneration and social security | 454/9 | €84,646 | €85,717 | +€1,071 | +1.3% |
| Other amounts payable | 47/48 | €461,478 | €500,912 | +€39,433 | +8.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €856,603 | €854,141 | -€2,462 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,980 | €80,346 | +€11,367 | +16.5% |
| Other operating charges | 640/8 | €4,392 | €5,272 | +€880 | +20.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,444,915 | €1,446,289 | +€1,374 | +0.1% |
| Operating profit (loss) | 9901 | €514,941 | €506,530 | -€8,411 | -1.6% |
| Financial income | 75/76B | €231,820 | €214,278 | -€17,542 | -7.6% |
| Recurring financial income | 75 | €231,820 | €214,278 | -€17,542 | -7.6% |
| Financial charges | 65/66B | €1,508 | €93,821 | +€92,313 | +6121.0% |
| Recurring financial charges | 65 | €1,508 | €1,371 | -€137 | -9.1% |
| Non-recurring financial charges | 66B | - | €92,450 | +€92,450 | |
| Profit (loss) for the period before taxes | 9903 | €745,252 | €626,986 | -€118,266 | -15.9% |
| Income taxes | 67/77 | €130,589 | €122,295 | -€8,294 | -6.4% |
| Profit (loss) for the period | 9904 | €614,663 | €504,691 | -€109,972 | -17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €614,663 | €504,691 | -€109,972 | -17.9% |
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 6 October 2026 via checked.be.