Brouwerij Lagae: 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.
What changed
Brouwerij Lagae
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€315,993
2024 · €213,643+€102,350
Equity
€5.8m
2024 · €5.6m+€206,943
Cash
€3,884
2024 · €9,372-€5,488
Balance sheet total
€6.7m
2024 · €6.5m+€143,059
Largest movements
Assets
- Receivables within one year +€318,858
up €318,858 (+30.9%), from €1.0m to €1.4m
of which Other amounts receivable: +€316,126
- Tangible fixed assets -€161,636
down €161,636 (-4.3%), from €3.7m to €3.6m
of which Land and buildings: -€149,736
Equity and liabilities
- Reserves +€206,943
up €206,943 (+7.2%), from €2.9m to €3.1m
of which Distributable reserves: +€407,233
- Trade debts -€68,005
down €68,005 (-40.5%), from €168,038 to €100,033
Income statement
- Gross operating margin +€172,770
up €172,770 (+32.6%), from €530,612 to €703,382
- Taxes +€34,677
up €34,677 (+28.3%), from €122,643 to €157,320
- Financial income -€29,813
down €29,813 (-33.0%), from €90,267 to €60,454
- Depreciation +€13,432
up €13,432 (+5.4%), from €249,642 to €263,074
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.
Result 2024
€213,643
Gross operating margin
+€172,770
Depreciation
-€13,432
Other operating charges
+€6,723
Financial income
-€29,813
Financial charges
-€176
Taxes
-€34,677
Deferred taxes and other
+€955
Result 2025
€315,993
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€205,000
Investment
-€101,438
Financing
-€109,050
Cash 2024
€9,372
From operations (derived)
+€205,000
Net result for the year
+€315,993
Depreciation
+€263,074
Receivables within one year
-€318,858
Deferred charges and accrued income
+€8,674
Provisions
-€45,713
Trade debts
-€68,005
Tax, wage and social debts
+€6,291
Other debts
+€43,620
Accrued charges and deferred income
-€77
Investment (derived)
-€101,438
Investment in fixed assets (net)
-€101,438
Financing
-€109,050
Contributions, distributions and other
-€109,050
Cash 2025
€3,884
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,549,496 | €6,692,556 | +€143,059 | +2.2% |
| Fixed assets | 21/28 | €3,738,792 | €3,577,155 | -€161,636 | -4.3% |
| Tangible fixed assets | 22/27 | €3,738,792 | €3,577,155 | -€161,636 | -4.3% |
| Land and buildings | 22 | €3,721,784 | €3,572,048 | -€149,736 | -4.0% |
| Plant, machinery and equipment | 23 | €6,746 | €1,455 | -€5,291 | -78.4% |
| Furniture and vehicles | 24 | €10,261 | €3,652 | -€6,609 | -64.4% |
| Current assets | 29/58 | €2,810,705 | €3,115,400 | +€304,696 | +10.8% |
| Amounts receivable after more than one year | 29 | €1,761,205 | €1,761,205 | = | 0.0% |
| Other amounts receivable | 291 | €1,761,205 | €1,761,205 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,031,331 | €1,350,188 | +€318,858 | +30.9% |
| Trade receivables | 40 | €5,213 | €7,945 | +€2,731 | +52.4% |
| Other amounts receivable | 41 | €1,026,117 | €1,342,244 | +€316,126 | +30.8% |
| Cash at bank and in hand | 54/58 | €9,372 | €3,884 | -€5,488 | -58.6% |
| Deferred charges and accrued income | 490/1 | €8,798 | €123 | -€8,674 | -98.6% |
| Total equity and liabilities | 10/49 | €6,549,496 | €6,692,556 | +€143,059 | +2.2% |
| Equity | 10/15 | €5,604,290 | €5,811,234 | +€206,943 | +3.7% |
| Contributions | 10/11 | €448,546 | €448,546 | = | 0.0% |
| Capital | 10 | €448,546 | €448,546 | = | 0.0% |
| Issued capital | 100 | €448,546 | €448,546 | = | 0.0% |
| Reserves | 13 | €2,888,589 | €3,095,532 | +€206,943 | +7.2% |
| Non-distributable reserves | 130/1 | €44,855 | €44,855 | = | 0.0% |
| Legal reserve | 130 | €44,855 | €44,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,212,726 | €2,012,437 | -€200,290 | -9.1% |
| Distributable reserves | 133 | €631,008 | €1,038,241 | +€407,233 | +64.5% |
| Profit (loss) carried forward | 14 | €2,267,156 | €2,267,156 | = | 0.0% |
| Provisions and deferred taxes | 16 | €690,516 | €644,803 | -€45,713 | -6.6% |
| Deferred taxes | 168 | €690,516 | €644,803 | -€45,713 | -6.6% |
| Amounts payable | 17/49 | €254,690 | €236,519 | -€18,171 | -7.1% |
| Amounts payable within one year | 42/48 | €238,613 | €220,519 | -€18,094 | -7.6% |
| Trade debts | 44 | €168,038 | €100,033 | -€68,005 | -40.5% |
| Suppliers | 440/4 | €168,038 | €100,033 | -€68,005 | -40.5% |
| Taxes, remuneration and social security | 45 | €5,145 | €11,436 | +€6,291 | +122% |
| Taxes | 450/3 | €5,064 | €11,355 | +€6,291 | +124% |
| Remuneration and social security | 454/9 | €81 | €81 | = | 0.0% |
| Other amounts payable | 47/48 | €65,430 | €109,050 | +€43,620 | +66.7% |
| Accrued charges and deferred income | 492/3 | €16,077 | €16,000 | -€77 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €249,642 | €263,074 | +€13,432 | +5.4% |
| Other operating charges | 640/8 | €79,678 | €72,955 | -€6,723 | -8.4% |
| Gross operating margin | 9900 | €530,612 | €703,382 | +€172,770 | +32.6% |
| Operating profit (loss) | 9901 | €201,291 | €367,352 | +€166,061 | +82.5% |
| Financial income | 75/76B | €90,267 | €60,454 | -€29,813 | -33.0% |
| Recurring financial income | 75 | €90,267 | €60,454 | -€29,813 | -33.0% |
| Financial charges | 65/66B | €30 | €206 | +€176 | +586% |
| Recurring financial charges | 65 | €30 | €206 | +€176 | +586% |
| Profit (loss) for the period before taxes | 9903 | €291,528 | €427,600 | +€136,072 | +46.7% |
| Transfer from deferred taxes | 780 | €44,758 | €45,713 | +€955 | +2.1% |
| Income taxes | 67/77 | €122,643 | €157,320 | +€34,677 | +28.3% |
| Profit (loss) for the period | 9904 | €213,643 | €315,993 | +€102,350 | +47.9% |
| Transfer from tax-exempt reserves | 789 | €134,274 | €137,140 | +€2,865 | +2.1% |
| Transfer to tax-exempt reserves | 689 | €84,200 | €105,250 | +€21,050 | +25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €263,718 | €347,883 | +€84,165 | +31.9% |
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.