Brewmasters United: what changed
Brewmasters United
Largest movements
- Cash -€79,525
down €79,525 (-77.6%), from €102,525 to €23,000
mainly Contributions, distributions and other (-€70,000) and Investment in fixed assets (net) (-€33,065)
- Receivables within one year -€24,651
down €24,651 (-46.0%), from €53,574 to €28,923
of which Trade receivables: -€25,913
- Tangible fixed assets -€22,578
down €22,578 (-4.7%), from €479,820 to €457,242
of which Land and buildings: -€28,373
- Reserves -€71,018
down €71,018 (-46.7%), from €152,050 to €81,032
- Debts after one year -€18,800
down €18,800 (-7.6%), from €248,650 to €229,851
of which Financial debts: -€18,800
- Other debts -€14,497
down €14,497 (-10.5%), from €138,099 to €123,602
- Trade debts -€12,280
down €12,280 (-36.1%), from €34,059 to €21,779
- Gross operating margin -€14,144
down €14,144 (-16.9%), from €83,602 to €69,458
- Depreciation +€4,019
up €4,019 (+7.8%), from €51,624 to €55,643
- Taxes -€3,243
down €3,243 (-90.6%), from €3,579 to €336
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €637,767 | €514,014 | -€123,753 | -19.4% |
| Fixed assets | 21/28 | €479,820 | €457,242 | -€22,578 | -4.7% |
| Intangible fixed assets | 21 | €0 | €0 | -€0 | -66.7% |
| Tangible fixed assets | 22/27 | €479,820 | €457,242 | -€22,578 | -4.7% |
| Land and buildings | 22 | €435,098 | €406,724 | -€28,373 | -6.5% |
| Plant, machinery and equipment | 23 | €16,927 | €12,082 | -€4,845 | -28.6% |
| Furniture and vehicles | 24 | €27,796 | €38,436 | +€10,641 | +38.3% |
| Current assets | 29/58 | €157,946 | €56,772 | -€101,174 | -64.1% |
| Amounts receivable within one year | 40/41 | €53,574 | €28,923 | -€24,651 | -46.0% |
| Trade receivables | 40 | €53,171 | €27,259 | -€25,913 | -48.7% |
| Other amounts receivable | 41 | €402 | €1,664 | +€1,262 | +314% |
| Cash at bank and in hand | 54/58 | €102,525 | €23,000 | -€79,525 | -77.6% |
| Deferred charges and accrued income | 490/1 | €1,847 | €4,848 | +€3,001 | +162% |
| Total equity and liabilities | 10/49 | €637,767 | €514,014 | -€123,753 | -19.4% |
| Equity | 10/15 | €182,050 | €111,032 | -€71,018 | -39.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €152,050 | €81,032 | -€71,018 | -46.7% |
| Distributable reserves | 133 | €152,050 | €81,032 | -€71,018 | -46.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €455,717 | €402,982 | -€52,735 | -11.6% |
| Amounts payable after more than one year | 17 | €248,650 | €229,851 | -€18,800 | -7.6% |
| Financial debts | 170/4 | €236,650 | €217,851 | -€18,800 | -7.9% |
| Other amounts payable | 178/9 | €12,000 | €12,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €205,603 | €173,132 | -€32,471 | -15.8% |
| Current portion of amounts payable after more than one year | 42 | €18,484 | €18,800 | +€315 | +1.7% |
| Trade debts | 44 | €34,059 | €21,779 | -€12,280 | -36.1% |
| Suppliers | 440/4 | €34,059 | €21,779 | -€12,280 | -36.1% |
| Taxes, remuneration and social security | 45 | €14,961 | €8,951 | -€6,010 | -40.2% |
| Taxes | 450/3 | €14,961 | €7,078 | -€7,882 | -52.7% |
| Remuneration and social security | 454/9 | - | €1,873 | +€1,873 | |
| Other amounts payable | 47/48 | €138,099 | €123,602 | -€14,497 | -10.5% |
| Accrued charges and deferred income | 492/3 | €1,464 | €0 | -€1,464 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,624 | €55,643 | +€4,019 | +7.8% |
| Other operating charges | 640/8 | €854 | €825 | -€29 | -3.3% |
| Gross operating margin | 9900 | €83,602 | €69,458 | -€14,144 | -16.9% |
| Operating profit (loss) | 9901 | €31,123 | €12,989 | -€18,134 | -58.3% |
| Financial income | 75/76B | €0 | €1 | +€1 | +11,500% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +11,500% |
| Financial charges | 65/66B | €13,828 | €13,673 | -€155 | -1.1% |
| Recurring financial charges | 65 | €13,828 | €13,673 | -€155 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €17,295 | -€682 | -€17,978 | |
| Income taxes | 67/77 | €3,579 | €336 | -€3,243 | -90.6% |
| Profit (loss) for the period | 9904 | €13,716 | -€1,018 | -€14,734 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,716 | -€1,018 | -€14,734 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.