BROUWERIJ CNUDDE: 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.
BROUWERIJ CNUDDE
Largest movements
- Stocks and contracts +€17,515
up €17,515 (+27.7%), from €63,298 to €80,813
- Receivables within one year +€10,429
up €10,429 (+10.7%), from €97,666 to €108,095
of which Trade receivables: +€7,612
- Cash +€8,567
up €8,567 (+101.7%), from €8,421 to €16,989
mainly Trade debts (+€22,642) and Other debts (+€13,162)
- Tangible fixed assets -€4,264
down €4,264 (-12.8%), from €33,199 to €28,935
- Trade debts +€22,642
up €22,642 (+25.7%), from €88,037 to €110,679
- Other debts +€13,162
up €13,162 (+7.2%), from €183,884 to €197,046
- Profit (loss) carried forward -€2,459
down €2,459 (-1.7%), from -€140,950 to -€143,409
- Gross operating margin +€1,118
up €1,118 (+26.3%), from €4,250 to €5,368
- Other operating charges +€373
up €373 (+13.2%), from €2,828 to €3,201
- Financial charges +€56
up €56 (+17.2%), from €325 to €381
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 | €206,857 | €239,852 | +€32,995 | +16.0% |
| Fixed assets | 21/28 | €34,699 | €30,435 | -€4,264 | -12.3% |
| Tangible fixed assets | 22/27 | €33,199 | €28,935 | -€4,264 | -12.8% |
| Land and buildings | 22 | €33,199 | €28,935 | -€4,264 | -12.8% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €172,159 | €209,418 | +€37,259 | +21.6% |
| Amounts receivable after more than one year | 29 | €2,000 | €2,000 | = | 0.0% |
| Other amounts receivable | 291 | €2,000 | €2,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €63,298 | €80,813 | +€17,515 | +27.7% |
| Stocks | 30/36 | €63,298 | €80,813 | +€17,515 | +27.7% |
| Amounts receivable within one year | 40/41 | €97,666 | €108,095 | +€10,429 | +10.7% |
| Trade receivables | 40 | €70,215 | €77,827 | +€7,612 | +10.8% |
| Other amounts receivable | 41 | €27,451 | €30,267 | +€2,817 | +10.3% |
| Cash at bank and in hand | 54/58 | €8,421 | €16,989 | +€8,567 | +101.7% |
| Deferred charges and accrued income | 490/1 | €773 | €1,521 | +€747 | +96.6% |
| Total equity and liabilities | 10/49 | €206,857 | €239,852 | +€32,995 | +16.0% |
| Equity | 10/15 | -€83,564 | -€86,023 | -€2,459 | -2.9% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €51,181 | €51,181 | = | 0.0% |
| Distributable reserves | 133 | €51,181 | €51,181 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€140,950 | -€143,409 | -€2,459 | -1.7% |
| Amounts payable | 17/49 | €290,421 | €325,875 | +€35,454 | +12.2% |
| Amounts payable after more than one year | 17 | €18,150 | €18,150 | = | 0.0% |
| Other amounts payable | 178/9 | €18,150 | €18,150 | = | 0.0% |
| Amounts payable within one year | 42/48 | €271,921 | €307,725 | +€35,804 | +13.2% |
| Trade debts | 44 | €88,037 | €110,679 | +€22,642 | +25.7% |
| Suppliers | 440/4 | €88,037 | €110,679 | +€22,642 | +25.7% |
| Other amounts payable | 47/48 | €183,884 | €197,046 | +€13,162 | +7.2% |
| Accrued charges and deferred income | 492/3 | €350 | - | -€350 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,290 | €4,264 | -€26 | -0.6% |
| Other operating charges | 640/8 | €2,828 | €3,201 | +€373 | +13.2% |
| Gross operating margin | 9900 | €4,250 | €5,368 | +€1,118 | +26.3% |
| Operating profit (loss) | 9901 | -€2,868 | -€2,097 | +€771 | +26.9% |
| Financial income | 75/76B | €10 | €18 | +€8 | +81.8% |
| Recurring financial income | 75 | €10 | €18 | +€8 | +81.8% |
| Financial charges | 65/66B | €325 | €381 | +€56 | +17.2% |
| Recurring financial charges | 65 | €325 | €381 | +€56 | +17.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,182 | -€2,459 | +€723 | +22.7% |
| Profit (loss) for the period | 9904 | -€3,182 | -€2,459 | +€723 | +22.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,182 | -€2,459 | +€723 | +22.7% |
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 10 October 2026 via checked.be.