BROUWERIJ MARTENS: what changed
What changed
BROUWERIJ MARTENS
NACE 11.050, Manufacture of beer
filed annual accounts (NBB)
Net result for the year
€1.8m
2024 · €757,437+€1.1m
Equity
€30.8m
2024 · €28.9m+€1.8m
Cash
€13.7m
2024 · €12.1m+€1.6m
Balance sheet total
€127.4m
2024 · €127.4m-€71,457
Largest movements
Assets
- Receivables within one year -€6.6m
down €6.6m (-19.8%), from €33.4m to €26.8m
of which Trade receivables: -€3.8m
- Tangible fixed assets +€3.2m
up €3.2m (+5.3%), from €60.2m to €63.4m
of which Assets under construction and advance payments: +€4.5m
- Cash +€1.6m
up €1.6m (+13.6%), from €12.1m to €13.7m
mainly Depreciation (+€9.8m) and Receivables within one year (+€6.6m)
- Deferred charges and accrued income +€1.3m
up €1.3m (+69.2%), from €1.9m to €3.2m
Equity and liabilities
- Advances received -€2.7m
down €2.7m (-47.0%), from €5.8m to €3.1m
- Debts after one year +€2.3m
up €2.3m (+37.4%), from €6.2m to €8.5m
of which Financial debts: +€2.2m
- Accrued charges and deferred income -€2.0m
down €2.0m (-73.3%), from €2.8m to €740,959
- Profit (loss) carried forward +€1.8m
new in 2025: €1.8m
Income statement
- Services and other goods +€4.4m
up €4.4m (+10.7%), from €41.1m to €45.5m
- Turnover +€4.0m
up €4.0m (+1.7%), from €236.4m to €240.4m
- Other operating income -€3.2m
down €3.2m (-80.7%), from €3.9m to €763,639
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
€757,437
Turnover
+€4.0m
Other operating income
-€3.2m
Goods and materials
+€867,535
Services and other goods
-€4.4m
Staff costs
-€1.2m
Depreciation
-€544,750
Write-downs
+€99,387
Provisions
-€2,146
Other operating charges
+€1.0m
Other operating items
+€4.5m
Financial income
-€57,191
Financial charges
+€332,976
Taxes
-€289,372
Result 2025
€1.8m
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
+€11.4m
Investment
-€12.9m
Financing
+€3.2m
Cash 2024
€12.1m
From operations (derived)
+€11.4m
Net result for the year
+€1.8m
Depreciation
+€9.8m
Stocks and contracts
-€421,796
Receivables within one year
+€6.6m
Deferred charges and accrued income
-€1.3m
Trade debts
-€504,805
Tax, wage and social debts
+€195,382
Advances received
-€2.7m
Accrued charges and deferred income
-€2.0m
Investment (derived)
-€12.9m
Investment in fixed assets (net)
-€12.9m
Financing
+€3.2m
Debts after one year
+€2.3m
Current portion of long-term debt
+€61,970
Short-term financial debts
+€797,196
Contributions, distributions and other
+€0
Cash 2025
€13.7m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €127,449,585 | €127,378,128 | -€71,457 | -0.1% |
| Formation expenses | 20 | €1,460,652 | €1,427,542 | -€33,110 | -2.3% |
| Fixed assets | 21/28 | €60,789,026 | €64,010,500 | +€3.2m | +5.3% |
| Intangible fixed assets | 21 | €506,798 | €509,875 | +€3,077 | +0.6% |
| Tangible fixed assets | 22/27 | €60,229,212 | €63,425,245 | +€3.2m | +5.3% |
| Land and buildings | 22 | €1,951,594 | €1,764,232 | -€187,362 | -9.6% |
| Plant, machinery and equipment | 23 | €50,443,304 | €53,236,746 | +€2.8m | +5.5% |
| Furniture and vehicles | 24 | €140,497 | €73,969 | -€66,528 | -47.4% |
| Leasing and similar rights | 25 | €3,907,726 | €95,355 | -€3.8m | -97.6% |
| Other tangible fixed assets | 26 | €100,630 | €51,695 | -€48,935 | -48.6% |
| Assets under construction and advance payments | 27 | €3,685,461 | €8,203,247 | +€4.5m | +123% |
| Financial fixed assets | 28 | €53,016 | €75,381 | +€22,365 | +42.2% |
| Affiliated companies | 280/1 | - | €22,300 | +€22,300 | |
| Amounts receivable | 281 | - | €22,300 | +€22,300 | |
| Other financial fixed assets | 284/8 | €53,016 | €53,081 | +€65 | +0.1% |
| Amounts receivable and cash guarantees | 285/8 | €53,016 | €53,081 | +€65 | +0.1% |
| Current assets | 29/58 | €65,199,907 | €61,940,086 | -€3.3m | -5.0% |
| Stocks and contracts in progress | 3 | €17,824,897 | €18,246,693 | +€421,796 | +2.4% |
| Stocks | 30/36 | €17,824,897 | €18,246,693 | +€421,796 | +2.4% |
| Raw materials and consumables | 30/31 | €8,120,136 | €8,856,385 | +€736,249 | +9.1% |
| Work in progress | 32 | €2,682,644 | €2,712,355 | +€29,711 | +1.1% |
| Finished goods | 33 | €7,022,117 | €6,677,953 | -€344,164 | -4.9% |
| Amounts receivable within one year | 40/41 | €33,442,616 | €26,822,242 | -€6.6m | -19.8% |
| Trade receivables | 40 | €25,913,388 | €22,154,193 | -€3.8m | -14.5% |
| Other amounts receivable | 41 | €7,529,228 | €4,668,049 | -€2.9m | -38.0% |
| Cash at bank and in hand | 54/58 | €12,062,301 | €13,707,548 | +€1.6m | +13.6% |
| Deferred charges and accrued income | 490/1 | €1,870,093 | €3,163,602 | +€1.3m | +69.2% |
| Total equity and liabilities | 10/49 | €127,449,585 | €127,378,128 | -€71,457 | -0.1% |
| Equity | 10/15 | €28,937,253 | €30,778,443 | +€1.8m | +6.4% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Revaluation surpluses | 12 | €527,437 | €496,684 | -€30,753 | -5.8% |
| Reserves | 13 | €28,159,816 | €28,190,569 | +€30,753 | +0.1% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €28,134,816 | €28,165,569 | +€30,753 | +0.1% |
| Profit (loss) carried forward | 14 | - | €1,841,190 | +€1.8m | |
| Amounts payable | 17/49 | €98,512,332 | €96,599,684 | -€1.9m | -1.9% |
| Amounts payable after more than one year | 17 | €6,190,137 | €8,502,623 | +€2.3m | +37.4% |
| Financial debts | 170/4 | €5,401,020 | €7,629,593 | +€2.2m | +41.3% |
| Leasing and similar obligations | 172 | €76,162 | €29,593 | -€46,569 | -61.1% |
| Credit institutions | 173 | €5,324,858 | €7,600,000 | +€2.3m | +42.7% |
| Other amounts payable | 178/9 | €789,117 | €873,030 | +€83,913 | +10.6% |
| Amounts payable within one year | 42/48 | €89,547,704 | €87,356,102 | -€2.2m | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €1,927,202 | €1,989,172 | +€61,970 | +3.2% |
| Financial debts | 43 | €5,967,352 | €6,764,548 | +€797,196 | +13.4% |
| Credit institutions | 430/8 | €5,967,352 | €6,764,548 | +€797,196 | +13.4% |
| Trade debts | 44 | €70,159,483 | €69,654,678 | -€504,805 | -0.7% |
| Suppliers | 440/4 | €70,159,483 | €69,654,678 | -€504,805 | -0.7% |
| Advances received on contracts in progress | 46 | €5,836,165 | €3,094,820 | -€2.7m | -47.0% |
| Taxes, remuneration and social security | 45 | €5,657,502 | €5,852,884 | +€195,382 | +3.5% |
| Taxes | 450/3 | €1,290,903 | €2,065,207 | +€774,304 | +60.0% |
| Remuneration and social security | 454/9 | €4,366,599 | €3,787,677 | -€578,922 | -13.3% |
| Accrued charges and deferred income | 492/3 | €2,774,491 | €740,959 | -€2.0m | -73.3% |
| Operating income | 70/76A | €239,539,046 | €241,880,804 | +€2.3m | +1.0% |
| Turnover | 70 | €236,408,312 | €240,368,259 | +€4.0m | +1.7% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€1,903,109 | -€352,677 | +€1.6m | +81.5% |
| Own construction capitalised | 72 | €831,298 | €1,044,221 | +€212,923 | +25.6% |
| Other operating income | 74 | €3,948,896 | €763,639 | -€3.2m | -80.7% |
| Non-recurring operating income | 76A | €253,649 | €57,363 | -€196,286 | -77.4% |
| Operating charges | 60/66A | €236,122,062 | €237,366,480 | +€1.2m | +0.5% |
| Goods for resale, raw materials and consumables | 60 | €147,362,845 | €146,495,310 | -€867,535 | -0.6% |
| Purchases | 600/8 | €148,184,997 | €147,016,254 | -€1.2m | -0.8% |
| Change in stocks: decrease (increase) | 609 | -€822,152 | -€520,945 | +€301,207 | +36.6% |
| Services and other goods | 61 | €41,135,607 | €45,533,928 | +€4.4m | +10.7% |
| Remuneration, social security and pensions | 62 | €18,879,613 | €20,064,343 | +€1.2m | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,208,835 | €9,753,585 | +€544,750 | +5.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €99,387 | - | -€99,387 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€2,146 | - | +€2,146 | |
| Other operating charges | 640/8 | €14,569,987 | €13,558,856 | -€1.0m | -6.9% |
| Operating charges capitalised as restructuring costs | 649 | -€346,638 | -€160,208 | +€186,430 | +53.8% |
| Non-recurring operating charges | 66A | €5,214,572 | €2,120,667 | -€3.1m | -59.3% |
| Operating profit (loss) | 9901 | €3,416,984 | €4,514,324 | +€1.1m | +32.1% |
| Financial income | 75/76B | €232,786 | €175,595 | -€57,191 | -24.6% |
| Recurring financial income | 75 | €232,786 | €175,595 | -€57,191 | -24.6% |
| Income from current assets | 751 | €231,231 | €171,885 | -€59,346 | -25.7% |
| Other financial income | 752/9 | €1,555 | €3,711 | +€2,156 | +139% |
| Financial charges | 65/66B | €2,283,514 | €1,950,538 | -€332,976 | -14.6% |
| Recurring financial charges | 65 | €2,283,514 | €1,950,538 | -€332,976 | -14.6% |
| Debt charges | 650 | €1,955,046 | €1,677,555 | -€277,491 | -14.2% |
| Other financial charges | 652/9 | €328,468 | €272,983 | -€55,485 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | €1,366,256 | €2,739,381 | +€1.4m | +101% |
| Income taxes | 67/77 | €608,819 | €898,191 | +€289,372 | +47.5% |
| Taxes | 670/3 | €608,819 | €898,191 | +€289,372 | +47.5% |
| Profit (loss) for the period | 9904 | €757,437 | €1,841,190 | +€1.1m | +143% |
| Profit (loss) for the period to be appropriated | 9905 | €757,437 | €1,841,190 | +€1.1m | +143% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.