BROUWERIJ-HANDELSMAATSCHAPPIJ: what changed
What changed
BROUWERIJ-HANDELSMAATSCHAPPIJ
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€6.9m
2024 · -€12.1m+€19.1m
Equity
€104.0m
2024 · €97.1m+€6.9m
Cash
€5,737
2024 · €1,527+€4,210
Balance sheet total
€110.1m
2024 · €103.0m+€7.1m
Largest movements
Assets
- Financial fixed assets +€7.0m
up €7.0m (+12.3%), from €57.3m to €64.3m
of which Affiliated companies: +€7.3m
Equity and liabilities
- Profit (loss) carried forward +€6.6m
up €6.6m (+10.5%), from €62.4m to €69.0m
Income statement
- Financial charges -€16.1m
down €16.1m (-92.7%), from €17.4m to €1.3m
of which Non-recurring financial charges: -€16.1m
- Financial income +€3.0m
up €3.0m (+183%), from €1.6m to €4.6m
- Other operating income +€448,926
up €448,926 (+23.3%), from €1.9m to €2.4m
- Turnover -€216,203
down €216,203 (-3.0%), from €7.2m to €7.0m
- Staff costs +€162,131
up €162,131 (+53.4%), from €303,836 to €465,967
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€12.1m
Turnover
-€216,203
Other operating income
+€448,926
Services and other goods
+€63,804
Staff costs
-€162,131
Depreciation
-€6,217
Provisions
-€100,000
Other operating charges
-€886
Other operating items
-€3,392
Financial income
+€3.0m
Financial charges
+€16.1m
Taxes
-€72,093
Deferred taxes and other
-€10,563
Result 2025
€6.9m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€9.3m
Investment
-€9.3m
Financing
+€72,945
Cash 2024
€1,527
From operations (derived)
+€9.3m
Net result for the year
+€6.9m
Depreciation
+€1.9m
Receivables after one year
-€528,897
Receivables within one year
+€769,652
Deferred charges and accrued income
+€109,716
Provisions
+€114,344
Trade debts
-€85,631
Tax, wage and social debts
-€27,798
Other debts
+€5
Accrued charges and deferred income
+€104,895
Investment (derived)
-€9.3m
Investment in fixed assets (net)
-€9.3m
Financing
+€72,945
Debts after one year
+€72,945
Cash 2025
€5,737
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €103,021,692 | €110,124,964 | +€7.1m | +6.9% |
| Fixed assets | 21/28 | €101,675,494 | €109,125,027 | +€7.4m | +7.3% |
| Intangible fixed assets | 21 | €200,302 | €178,281 | -€22,021 | -11.0% |
| Tangible fixed assets | 22/27 | €44,220,101 | €44,658,967 | +€438,866 | +1.0% |
| Land and buildings | 22 | €43,685,624 | €41,960,737 | -€1.7m | -3.9% |
| Other tangible fixed assets | 26 | €33,333 | €26,667 | -€6,666 | -20.0% |
| Assets under construction and advance payments | 27 | €501,144 | €2,671,563 | +€2.2m | +433% |
| Financial fixed assets | 28 | €57,255,091 | €64,287,779 | +€7.0m | +12.3% |
| Affiliated companies | 280/1 | €56,736,763 | €64,029,147 | +€7.3m | +12.9% |
| Participating interests | 280 | €56,736,763 | €60,636,347 | +€3.9m | +6.9% |
| Amounts receivable | 281 | - | €3,392,800 | +€3.4m | |
| Other financial fixed assets | 284/8 | €518,328 | €258,632 | -€259,696 | -50.1% |
| Shares | 284 | €499,998 | €240,094 | -€259,904 | -52.0% |
| Amounts receivable and cash guarantees | 285/8 | €18,330 | €18,538 | +€208 | +1.1% |
| Current assets | 29/58 | €1,346,198 | €999,937 | -€346,261 | -25.7% |
| Amounts receivable after more than one year | 29 | - | €528,897 | +€528,897 | |
| Other amounts receivable | 291 | - | €528,897 | +€528,897 | |
| Amounts receivable within one year | 40/41 | €1,178,669 | €409,017 | -€769,652 | -65.3% |
| Trade receivables | 40 | €138,160 | €78,009 | -€60,151 | -43.5% |
| Other amounts receivable | 41 | €1,040,509 | €331,008 | -€709,501 | -68.2% |
| Cash at bank and in hand | 54/58 | €1,527 | €5,737 | +€4,210 | +276% |
| Deferred charges and accrued income | 490/1 | €166,002 | €56,286 | -€109,716 | -66.1% |
| Total equity and liabilities | 10/49 | €103,021,692 | €110,124,964 | +€7.1m | +6.9% |
| Equity | 10/15 | €97,110,679 | €104,035,191 | +€6.9m | +7.1% |
| Contributions | 10/11 | €8,100,000 | €8,100,000 | = | 0.0% |
| Capital | 10 | €8,100,000 | €8,100,000 | = | 0.0% |
| Issued capital | 100 | €8,100,000 | €8,100,000 | = | 0.0% |
| Reserves | 13 | €26,604,223 | €26,947,255 | +€343,032 | +1.3% |
| Non-distributable reserves | 130/1 | €1,257,657 | €1,257,657 | = | 0.0% |
| Legal reserve | 130 | €1,239,468 | €1,257,657 | +€18,189 | +1.5% |
| Own shares acquired | 1312 | €18,189 | - | -€18,189 | |
| Tax-exempt reserves | 132 | €18,823,464 | €19,166,496 | +€343,032 | +1.8% |
| Distributable reserves | 133 | €6,523,102 | €6,523,102 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,406,456 | €68,987,936 | +€6.6m | +10.5% |
| Provisions and deferred taxes | 16 | €3,659,551 | €3,773,895 | +€114,344 | +3.1% |
| Provisions for liabilities and charges | 160/5 | €45,000 | €45,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €45,000 | €45,000 | = | 0.0% |
| Deferred taxes | 168 | €3,614,551 | €3,728,895 | +€114,344 | +3.2% |
| Amounts payable | 17/49 | €2,251,462 | €2,315,878 | +€64,416 | +2.9% |
| Amounts payable after more than one year | 17 | €205,458 | €278,403 | +€72,945 | +35.5% |
| Financial debts | 170/4 | - | €262,695 | +€262,695 | |
| Other loans | 174 | - | €262,695 | +€262,695 | |
| Other amounts payable | 178/9 | €205,458 | €15,708 | -€189,750 | -92.4% |
| Amounts payable within one year | 42/48 | €1,720,373 | €1,606,949 | -€113,424 | -6.6% |
| Trade debts | 44 | €311,662 | €226,031 | -€85,631 | -27.5% |
| Suppliers | 440/4 | €311,662 | €226,031 | -€85,631 | -27.5% |
| Taxes, remuneration and social security | 45 | €1,388,467 | €1,360,669 | -€27,798 | -2.0% |
| Taxes | 450/3 | €1,343,150 | €1,323,369 | -€19,781 | -1.5% |
| Remuneration and social security | 454/9 | €45,317 | €37,300 | -€8,017 | -17.7% |
| Other amounts payable | 47/48 | €20,244 | €20,249 | +€5 | 0.0% |
| Accrued charges and deferred income | 492/3 | €325,631 | €430,526 | +€104,895 | +32.2% |
| Operating income | 70/76A | €9,123,826 | €9,356,549 | +€232,723 | +2.6% |
| Turnover | 70 | €7,198,455 | €6,982,252 | -€216,203 | -3.0% |
| Other operating income | 74 | €1,925,371 | €2,374,297 | +€448,926 | +23.3% |
| Operating charges | 60/66A | €4,099,804 | €4,308,626 | +€208,822 | +5.1% |
| Services and other goods | 61 | €1,926,881 | €1,863,077 | -€63,804 | -3.3% |
| Remuneration, social security and pensions | 62 | €303,836 | €465,967 | +€162,131 | +53.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,882,532 | €1,888,749 | +€6,217 | +0.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€100,000 | - | +€100,000 | |
| Other operating charges | 640/8 | €86,555 | €87,441 | +€886 | +1.0% |
| Non-recurring operating charges | 66A | - | €3,392 | +€3,392 | |
| Operating profit (loss) | 9901 | €5,024,022 | €5,047,923 | +€23,901 | +0.5% |
| Financial income | 75/76B | €1,635,810 | €4,627,579 | +€3.0m | +183% |
| Recurring financial income | 75 | €1,635,810 | €4,627,579 | +€3.0m | +183% |
| Income from financial fixed assets | 750 | €1,610,771 | €4,617,420 | +€3.0m | +187% |
| Other financial income | 752/9 | €25,039 | €10,159 | -€14,880 | -59.4% |
| Financial charges | 65/66B | €17,412,067 | €1,276,695 | -€16.1m | -92.7% |
| Recurring financial charges | 65 | €4,300 | €4,916 | +€616 | +14.3% |
| Debt charges | 650 | €3,000 | €3,408 | +€408 | +13.6% |
| Other financial charges | 652/9 | €1,300 | €1,508 | +€208 | +16.0% |
| Non-recurring financial charges | 66B | €17,407,767 | €1,271,779 | -€16.1m | -92.7% |
| Profit (loss) for the period before taxes | 9903 | -€10,752,235 | €8,398,807 | +€19.2m | |
| Transfer from deferred taxes | 780 | €262,164 | €262,164 | = | 0.0% |
| Transfer to deferred taxes | 680 | €365,945 | €376,508 | +€10,563 | +2.9% |
| Income taxes | 67/77 | €1,287,858 | €1,359,951 | +€72,093 | +5.6% |
| Taxes | 670/3 | €1,287,858 | €1,359,951 | +€72,093 | +5.6% |
| Profit (loss) for the period | 9904 | -€12,143,874 | €6,924,512 | +€19.1m | |
| Transfer from tax-exempt reserves | 789 | €786,491 | €786,491 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €1,097,835 | €1,129,523 | +€31,688 | +2.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,455,218 | €6,581,480 | +€19.0m |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.