BREWI: 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.
BREWI
Largest movements
- Stocks and contracts +€10,467
up €10,467 (+10.1%), from €104,019 to €114,486
- Receivables within one year +€9,748
up €9,748 (+91.6%), from €10,640 to €20,388
of which Other amounts receivable: +€9,721
- Cash -€8,413
down €8,413 (-31.2%), from €26,964 to €18,551
mainly Stocks and contracts (-€10,467) and Receivables within one year (-€9,748)
- Tangible fixed assets -€3,998
down €3,998 (-18.3%), from €21,838 to €17,840
- Tax, wage and social debts +€6,082
up €6,082 (+57.6%), from €10,561 to €16,643
- Staff costs +€40,227
up €40,227 (+58.1%), from €69,263 to €109,490
- Gross operating margin +€16,832
up €16,832 (+16.5%), from €102,181 to €119,013
- Financial charges -€3,357
down €3,357 (-36.6%), from €9,163 to €5,806
- Depreciation +€1,954
up €1,954 (+95.5%), from €2,045 to €3,998
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 | €212,770 | €218,684 | +€5,914 | +2.8% |
| Fixed assets | 21/28 | €64,992 | €60,994 | -€3,998 | -6.2% |
| Tangible fixed assets | 22/27 | €21,838 | €17,840 | -€3,998 | -18.3% |
| Plant, machinery and equipment | 23 | €21,838 | €17,840 | -€3,998 | -18.3% |
| Financial fixed assets | 28 | €43,154 | €43,154 | = | 0.0% |
| Current assets | 29/58 | €147,778 | €157,690 | +€9,912 | +6.7% |
| Stocks and contracts in progress | 3 | €104,019 | €114,486 | +€10,467 | +10.1% |
| Stocks | 30/36 | €104,019 | €114,486 | +€10,467 | +10.1% |
| Amounts receivable within one year | 40/41 | €10,640 | €20,388 | +€9,748 | +91.6% |
| Trade receivables | 40 | €9,581 | €9,607 | +€26 | +0.3% |
| Other amounts receivable | 41 | €1,060 | €10,781 | +€9,721 | +917.4% |
| Cash at bank and in hand | 54/58 | €26,964 | €18,551 | -€8,413 | -31.2% |
| Deferred charges and accrued income | 490/1 | €6,155 | €4,265 | -€1,890 | -30.7% |
| Total equity and liabilities | 10/49 | €212,770 | €218,684 | +€5,914 | +2.8% |
| Equity | 10/15 | -€182,804 | -€183,903 | -€1,099 | -0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €459 | €459 | = | 0.0% |
| Tax-exempt reserves | 132 | €459 | €459 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€201,863 | -€202,962 | -€1,099 | -0.5% |
| Amounts payable | 17/49 | €395,574 | €402,587 | +€7,012 | +1.8% |
| Amounts payable after more than one year | 17 | €70,000 | €70,000 | = | 0.0% |
| Financial debts | 170/4 | €70,000 | €70,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €324,518 | €332,587 | +€8,068 | +2.5% |
| Trade debts | 44 | €293,840 | €294,745 | +€905 | +0.3% |
| Suppliers | 440/4 | €293,840 | €294,745 | +€905 | +0.3% |
| Taxes, remuneration and social security | 45 | €10,561 | €16,643 | +€6,082 | +57.6% |
| Remuneration and social security | 454/9 | €10,561 | €16,643 | +€6,082 | +57.6% |
| Other amounts payable | 47/48 | €20,117 | €21,199 | +€1,081 | +5.4% |
| Accrued charges and deferred income | 492/3 | €1,056 | - | -€1,056 | |
| Remuneration, social security and pensions | 62 | €69,263 | €109,490 | +€40,227 | +58.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,045 | €3,998 | +€1,954 | +95.5% |
| Other operating charges | 640/8 | €1,012 | €1,375 | +€364 | +35.9% |
| Gross operating margin | 9900 | €102,181 | €119,013 | +€16,832 | +16.5% |
| Operating profit (loss) | 9901 | €29,862 | €4,150 | -€25,712 | -86.1% |
| Financial income | 75/76B | €1,062 | €557 | -€505 | -47.6% |
| Recurring financial income | 75 | €1,062 | €557 | -€505 | -47.6% |
| Financial charges | 65/66B | €9,163 | €5,806 | -€3,357 | -36.6% |
| Recurring financial charges | 65 | €9,163 | €5,806 | -€3,357 | -36.6% |
| Profit (loss) for the period before taxes | 9903 | €21,762 | -€1,099 | -€22,860 | |
| Profit (loss) for the period | 9904 | €21,762 | -€1,099 | -€22,860 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,762 | -€1,099 | -€22,860 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.