BREW2320: 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.
BREW2320
Largest movements
- Receivables after one year +€2.4m
new in 2025: €2.4m
- Stocks and contracts -€552,025
down €552,025 (-12.8%), from €4.3m to €3.8m
- Receivables within one year +€209,572
up €209,572 (+7.9%), from €2.7m to €2.9m
of which Other amounts receivable: +€2.7m
- Other debts +€3.1m
up €3.1m (+991.2%), from €316,562 to €3.5m
- Debts after one year -€1.1m
down €1.1m (-14.3%), from €7.5m to €6.4m
- Profit (loss) carried forward +€249,895
up €249,895 (+29.8%), from -€837,816 to -€587,921
- Tax, wage and social debts -€243,553
no longer reported in 2025 (was €243,553)
- Gross operating margin +€555,878
up €555,878, from -€6,441 to €549,438
- Financial income +€33,960
up €33,960 (+3408.0%), from €996 to €34,956
- Financial charges -€12,170
down €12,170 (-4.5%), from €269,691 to €257,521
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,279,639 | €9,374,704 | +€2.1m | +28.8% |
| Fixed assets | 21/28 | €280,120 | €280,120 | = | 0.0% |
| Financial fixed assets | 28 | €280,120 | €280,120 | = | 0.0% |
| Current assets | 29/58 | €6,999,519 | €9,094,584 | +€2.1m | +29.9% |
| Amounts receivable after more than one year | 29 | - | €2,431,076 | +€2.4m | |
| Trade receivables | 290 | - | €2,431,076 | +€2.4m | |
| Stocks and contracts in progress | 3 | €4,328,359 | €3,776,334 | -€552,025 | -12.8% |
| Stocks | 30/36 | €4,328,359 | €3,776,334 | -€552,025 | -12.8% |
| Amounts receivable within one year | 40/41 | €2,659,550 | €2,869,122 | +€209,572 | +7.9% |
| Trade receivables | 40 | €2,469,839 | €502 | -€2.5m | -100.0% |
| Other amounts receivable | 41 | €189,711 | €2,868,620 | +€2.7m | +1412.1% |
| Current investments | 50/53 | €3 | €3 | +€0 | +0.3% |
| Cash at bank and in hand | 54/58 | €11,607 | €3,909 | -€7,698 | -66.3% |
| Deferred charges and accrued income | 490/1 | - | €14,141 | +€14,141 | |
| Total equity and liabilities | 10/49 | €7,279,639 | €9,374,704 | +€2.1m | +28.8% |
| Equity | 10/15 | -€817,816 | -€567,921 | +€249,895 | +30.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€837,816 | -€587,921 | +€249,895 | +29.8% |
| Amounts payable | 17/49 | €8,097,455 | €9,942,625 | +€1.8m | +22.8% |
| Amounts payable after more than one year | 17 | €7,489,703 | €6,419,862 | -€1.1m | -14.3% |
| Financial debts | 170/4 | €7,489,703 | €6,419,862 | -€1.1m | -14.3% |
| Amounts payable within one year | 42/48 | €560,115 | €3,454,285 | +€2.9m | +516.7% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €243,553 | - | -€243,553 | |
| Taxes | 450/3 | €243,553 | - | -€243,553 | |
| Other amounts payable | 47/48 | €316,562 | €3,454,285 | +€3.1m | +991.2% |
| Accrued charges and deferred income | 492/3 | €47,637 | €68,478 | +€20,841 | +43.7% |
| Non-recurring operating income | 76A | €3,000 | €2,705 | -€295 | -9.8% |
| Other operating charges | 640/8 | €6,730 | €1,978 | -€4,753 | -70.6% |
| Non-recurring operating charges | 66A | - | €75,000 | +€75,000 | |
| Gross operating margin | 9900 | -€6,441 | €549,438 | +€555,878 | |
| Operating profit (loss) | 9901 | -€13,171 | €472,460 | +€485,631 | |
| Financial income | 75/76B | €996 | €34,956 | +€33,960 | +3408.0% |
| Recurring financial income | 75 | €996 | €34,956 | +€33,960 | +3408.0% |
| Financial charges | 65/66B | €269,691 | €257,521 | -€12,170 | -4.5% |
| Recurring financial charges | 65 | €269,691 | €257,521 | -€12,170 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | -€281,866 | €249,895 | +€531,761 | |
| Income taxes | 67/77 | €1 | - | -€1 | |
| Profit (loss) for the period | 9904 | -€281,867 | €249,895 | +€531,762 | |
| Profit (loss) for the period to be appropriated | 9905 | -€281,867 | €249,895 | +€531,762 |
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.