BREWTWINS: 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.
BREWTWINS
Largest movements
- Cash +€51,714
up €51,714 (+80.1%), from €64,531 to €116,244
mainly Net result for the year (+€49,337) and Accrued charges and deferred income (+€5,378)
- Current investments +€6,606
up €6,606 (+6.7%), from €98,140 to €104,746
- Reserves +€49,337
up €49,337 (+34.0%), from €145,160 to €194,497
of which Distributable reserves: +€49,337
- Accrued charges and deferred income +€5,378
up €5,378 (+3,014%), from €178 to €5,556
- Trade debts +€3,091
up €3,091 (+75.8%), from €4,080 to €7,171
- Financial income +€11,095
up €11,095 (+456%), from €2,434 to €13,529
- Gross operating margin -€2,689
down €2,689 (-3.7%), from €71,913 to €69,224
- Financial charges +€2,359
up €2,359 (+53.2%), from €4,436 to €6,795
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 | €204,272 | €262,350 | +€58,078 | +28.4% |
| Fixed assets | 21/28 | €10,744 | €10,391 | -€353 | -3.3% |
| Tangible fixed assets | 22/27 | €9,064 | €8,711 | -€353 | -3.9% |
| Plant, machinery and equipment | 23 | €708 | €1,162 | +€454 | +64.2% |
| Furniture and vehicles | 24 | €8,356 | €7,549 | -€807 | -9.7% |
| Financial fixed assets | 28 | €1,680 | €1,680 | = | 0.0% |
| Current assets | 29/58 | €193,528 | €251,959 | +€58,431 | +30.2% |
| Amounts receivable within one year | 40/41 | €30,126 | €30,195 | +€70 | +0.2% |
| Trade receivables | 40 | €28,683 | €25,528 | -€3,155 | -11.0% |
| Other amounts receivable | 41 | €1,443 | €4,667 | +€3,224 | +223% |
| Current investments | 50/53 | €98,140 | €104,746 | +€6,606 | +6.7% |
| Cash at bank and in hand | 54/58 | €64,531 | €116,244 | +€51,714 | +80.1% |
| Deferred charges and accrued income | 490/1 | €732 | €773 | +€41 | +5.6% |
| Total equity and liabilities | 10/49 | €204,272 | €262,350 | +€58,078 | +28.4% |
| Equity | 10/15 | €199,103 | €248,439 | +€49,337 | +24.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €145,160 | €194,497 | +€49,337 | +34.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €143,300 | €192,637 | +€49,337 | +34.4% |
| Profit (loss) carried forward | 14 | €35,343 | €35,343 | = | 0.0% |
| Amounts payable | 17/49 | €5,170 | €13,911 | +€8,741 | +169% |
| Amounts payable within one year | 42/48 | €4,991 | €8,354 | +€3,363 | +67.4% |
| Trade debts | 44 | €4,080 | €7,171 | +€3,091 | +75.8% |
| Suppliers | 440/4 | €4,080 | €7,171 | +€3,091 | +75.8% |
| Taxes, remuneration and social security | 45 | €911 | €911 | = | 0.0% |
| Taxes | 450/3 | €911 | €911 | = | 0.0% |
| Other amounts payable | 47/48 | - | €272 | +€272 | |
| Accrued charges and deferred income | 492/3 | €178 | €5,556 | +€5,378 | +3,014% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,135 | €4,944 | -€191 | -3.7% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €71,913 | €69,224 | -€2,689 | -3.7% |
| Operating profit (loss) | 9901 | €66,390 | €63,880 | -€2,510 | -3.8% |
| Financial income | 75/76B | €2,434 | €13,529 | +€11,095 | +456% |
| Recurring financial income | 75 | €2,434 | €13,529 | +€11,095 | +456% |
| Financial charges | 65/66B | €4,436 | €6,795 | +€2,359 | +53.2% |
| Recurring financial charges | 65 | €4,436 | €6,795 | +€2,359 | +53.2% |
| Profit (loss) for the period before taxes | 9903 | €64,388 | €70,614 | +€6,226 | +9.7% |
| Income taxes | 67/77 | €21,156 | €21,277 | +€121 | +0.6% |
| Profit (loss) for the period | 9904 | €43,232 | €49,337 | +€6,105 | +14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €43,232 | €49,337 | +€6,105 | +14.1% |
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 22 October 2026 via checked.be.