BROUWERIJ STRUBBE: 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 STRUBBE
Largest movements
- Tangible fixed assets -€24,936
down €24,936 (-19.8%), from €125,738 to €100,803
of which Land and buildings: -€21,778
- Receivables within one year +€12,823
up €12,823 (+4.3%), from €298,556 to €311,379
of which Trade receivables: +€13,805
- Cash -€8,919
down €8,919 (-6.9%), from €129,554 to €120,635
mainly Trade debts (-€32,894) and Investment in fixed assets (net) (-€26,114)
- Trade debts -€32,894
down €32,894 (-35.1%), from €93,671 to €60,777
- Other debts +€26,366
up €26,366 (+13.8%), from €191,215 to €217,581
- Reserves +€9,026
up €9,026 (+3.1%), from €291,751 to €300,777
of which Distributable reserves: +€9,026
- Tax, wage and social debts -€8,625
down €8,625 (-16.3%), from €53,035 to €44,410
of which Taxes: -€10,519
- Staff costs +€12,396
up €12,396 (+4.5%), from €278,285 to €290,681
- Depreciation -€10,748
down €10,748 (-19.4%), from €55,498 to €44,749
- Gross operating margin -€9,404
down €9,404 (-2.6%), from €363,021 to €353,618
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 | €653,642 | €643,546 | -€10,096 | -1.5% |
| Fixed assets | 21/28 | €134,069 | €115,433 | -€18,635 | -13.9% |
| Intangible fixed assets | 21 | €7,830 | €14,131 | +€6,301 | +80.5% |
| Tangible fixed assets | 22/27 | €125,738 | €100,803 | -€24,936 | -19.8% |
| Land and buildings | 22 | €85,163 | €63,385 | -€21,778 | -25.6% |
| Plant, machinery and equipment | 23 | €34,847 | €34,689 | -€157 | -0.5% |
| Furniture and vehicles | 24 | €5,729 | €2,729 | -€3,000 | -52.4% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €519,574 | €528,113 | +€8,539 | +1.6% |
| Stocks and contracts in progress | 3 | €87,224 | €91,698 | +€4,474 | +5.1% |
| Stocks | 30/36 | €87,224 | €91,698 | +€4,474 | +5.1% |
| Amounts receivable within one year | 40/41 | €298,556 | €311,379 | +€12,823 | +4.3% |
| Trade receivables | 40 | €294,742 | €308,547 | +€13,805 | +4.7% |
| Other amounts receivable | 41 | €3,814 | €2,833 | -€982 | -25.7% |
| Cash at bank and in hand | 54/58 | €129,554 | €120,635 | -€8,919 | -6.9% |
| Deferred charges and accrued income | 490/1 | €4,240 | €4,400 | +€160 | +3.8% |
| Total equity and liabilities | 10/49 | €653,642 | €643,546 | -€10,096 | -1.5% |
| Equity | 10/15 | €311,751 | €320,777 | +€9,026 | +2.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €291,751 | €300,777 | +€9,026 | +3.1% |
| Tax-exempt reserves | 132 | €11,621 | €11,621 | = | 0.0% |
| Distributable reserves | 133 | €280,130 | €289,156 | +€9,026 | +3.2% |
| Amounts payable | 17/49 | €341,891 | €322,769 | -€19,122 | -5.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €341,329 | €322,769 | -€18,561 | -5.4% |
| Current portion of amounts payable after more than one year | 42 | €3,408 | €0 | -€3,408 | -100% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €93,671 | €60,777 | -€32,894 | -35.1% |
| Suppliers | 440/4 | €93,671 | €60,777 | -€32,894 | -35.1% |
| Taxes, remuneration and social security | 45 | €53,035 | €44,410 | -€8,625 | -16.3% |
| Taxes | 450/3 | €14,975 | €4,456 | -€10,519 | -70.2% |
| Remuneration and social security | 454/9 | €38,061 | €39,954 | +€1,894 | +5.0% |
| Other amounts payable | 47/48 | €191,215 | €217,581 | +€26,366 | +13.8% |
| Accrued charges and deferred income | 492/3 | €562 | €0 | -€562 | -100% |
| Remuneration, social security and pensions | 62 | €278,285 | €290,681 | +€12,396 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,498 | €44,749 | -€10,748 | -19.4% |
| Other operating charges | 640/8 | €7,376 | €6,766 | -€611 | -8.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €363,021 | €353,618 | -€9,404 | -2.6% |
| Operating profit (loss) | 9901 | €21,862 | €11,421 | -€10,440 | -47.8% |
| Financial income | 75/76B | €6 | €0 | -€6 | -100% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -100% |
| Financial charges | 65/66B | €2,288 | €854 | -€1,434 | -62.7% |
| Recurring financial charges | 65 | €2,288 | €854 | -€1,434 | -62.7% |
| Profit (loss) for the period before taxes | 9903 | €19,579 | €10,567 | -€9,012 | -46.0% |
| Income taxes | 67/77 | €2,146 | €1,541 | -€605 | -28.2% |
| Profit (loss) for the period | 9904 | €17,434 | €9,026 | -€8,408 | -48.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,434 | €9,026 | -€8,408 | -48.2% |
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 15 October 2026 via checked.be.