BREEWEG 4: 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.
BREEWEG 4
Largest movements
- Tangible fixed assets -€18,927
down €18,927 (-7.0%), from €269,892 to €250,965
of which Other tangible fixed assets: -€18,032
- Receivables within one year -€5,131
down €5,131 (-79.8%), from €6,430 to €1,299
of which Trade receivables: -€5,152
- Debts after one year -€45,920
down €45,920 (-31.6%), from €145,306 to €99,386
- Current portion of long-term debt +€11,733
up €11,733 (+20.9%), from €56,196 to €67,929
- Reserves +€8,227
up €8,227 (+25.0%), from €32,963 to €41,191
- Gross operating margin -€8,118
down €8,118 (-17.7%), from €45,875 to €37,757
- Taxes +€2,010
up €2,010 (+527%), from €381 to €2,391
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 | €281,829 | €259,829 | -€22,000 | -7.8% |
| Fixed assets | 21/28 | €269,892 | €250,965 | -€18,927 | -7.0% |
| Tangible fixed assets | 22/27 | €269,892 | €250,965 | -€18,927 | -7.0% |
| Plant, machinery and equipment | 23 | €6,246 | €5,604 | -€641 | -10.3% |
| Furniture and vehicles | 24 | €2,299 | €2,046 | -€253 | -11.0% |
| Other tangible fixed assets | 26 | €261,347 | €243,315 | -€18,032 | -6.9% |
| Current assets | 29/58 | €11,937 | €8,864 | -€3,073 | -25.7% |
| Amounts receivable within one year | 40/41 | €6,430 | €1,299 | -€5,131 | -79.8% |
| Trade receivables | 40 | €5,152 | - | -€5,152 | |
| Other amounts receivable | 41 | €1,278 | €1,299 | +€21 | +1.7% |
| Cash at bank and in hand | 54/58 | €5,182 | €7,181 | +€1,999 | +38.6% |
| Deferred charges and accrued income | 490/1 | €325 | €384 | +€58 | +18.0% |
| Total equity and liabilities | 10/49 | €281,829 | €259,829 | -€22,000 | -7.8% |
| Equity | 10/15 | €52,963 | €61,191 | +€8,227 | +15.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €32,963 | €41,191 | +€8,227 | +25.0% |
| Distributable reserves | 133 | €32,963 | €41,191 | +€8,227 | +25.0% |
| Amounts payable | 17/49 | €228,865 | €198,638 | -€30,227 | -13.2% |
| Amounts payable after more than one year | 17 | €145,306 | €99,386 | -€45,920 | -31.6% |
| Financial debts | 170/4 | €145,306 | €99,386 | -€45,920 | -31.6% |
| Amounts payable within one year | 42/48 | €81,210 | €95,952 | +€14,742 | +18.2% |
| Current portion of amounts payable after more than one year | 42 | €56,196 | €67,929 | +€11,733 | +20.9% |
| Trade debts | 44 | €4,602 | €7,329 | +€2,727 | +59.3% |
| Suppliers | 440/4 | €4,602 | €7,329 | +€2,727 | +59.3% |
| Taxes, remuneration and social security | 45 | €336 | €2,884 | +€2,548 | +758% |
| Taxes | 450/3 | €336 | €2,884 | +€2,548 | +758% |
| Other amounts payable | 47/48 | €20,076 | €17,810 | -€2,266 | -11.3% |
| Accrued charges and deferred income | 492/3 | €2,349 | €3,300 | +€951 | +40.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,017 | €24,436 | +€419 | +1.7% |
| Other operating charges | 640/8 | €912 | €746 | -€166 | -18.3% |
| Gross operating margin | 9900 | €45,875 | €37,757 | -€8,118 | -17.7% |
| Operating profit (loss) | 9901 | €20,946 | €12,576 | -€8,370 | -40.0% |
| Financial income | 75/76B | €1 | €180 | +€178 | +14,385% |
| Recurring financial income | 75 | €1 | €180 | +€178 | +14,385% |
| Financial charges | 65/66B | €2,228 | €2,137 | -€91 | -4.1% |
| Recurring financial charges | 65 | €2,228 | €2,137 | -€91 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €18,720 | €10,619 | -€8,101 | -43.3% |
| Income taxes | 67/77 | €381 | €2,391 | +€2,010 | +527% |
| Profit (loss) for the period | 9904 | €18,339 | €8,227 | -€10,111 | -55.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,339 | €8,227 | -€10,111 | -55.1% |
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.