BROUWERS: 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.
BROUWERS
Largest movements
- Receivables within one year -€92,645
down €92,645 (-35.1%), from €263,589 to €170,945
of which Trade receivables: -€95,827
- Cash -€19,354
down €19,354 (-49.8%), from €38,874 to €19,520
mainly Trade debts (-€80,527) and Net result for the year (-€73,135)
- Tangible fixed assets +€18,896
up €18,896 (+76.6%), from €24,653 to €43,549
of which Furniture and vehicles: +€19,587
- Stocks and contracts -€17,284
down €17,284 (-13.8%), from €125,232 to €107,948
- Trade debts -€80,527
down €80,527 (-25.0%), from €322,500 to €241,973
- Profit (loss) carried forward -€73,135
down €73,135 (-27.4%), from -€266,746 to -€339,881
- Debts after one year +€49,270
up €49,270 (+235%), from €20,970 to €70,241
- Tax, wage and social debts -€8,174
down €8,174 (-34.6%), from €23,654 to €15,480
of which Taxes: -€10,053
- Write-downs -€40,000
down €40,000 (-100%), from €40,000 to €0
- Staff costs -€26,364
down €26,364 (-17.8%), from €147,839 to €121,475
- Gross operating margin +€9,078
up €9,078 (+11.5%), from €78,989 to €88,067
- Other operating charges +€1,815
up €1,815 (+46.2%), from €3,928 to €5,743
- Depreciation +€1,516
up €1,516 (+42.4%), from €3,577 to €5,093
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 | €452,349 | €341,961 | -€110,387 | -24.4% |
| Fixed assets | 21/28 | €24,653 | €43,549 | +€18,896 | +76.6% |
| Tangible fixed assets | 22/27 | €24,653 | €43,549 | +€18,896 | +76.6% |
| Plant, machinery and equipment | 23 | €24,653 | €23,962 | -€691 | -2.8% |
| Furniture and vehicles | 24 | - | €19,587 | +€19,587 | |
| Current assets | 29/58 | €427,696 | €298,412 | -€129,283 | -30.2% |
| Stocks and contracts in progress | 3 | €125,232 | €107,948 | -€17,284 | -13.8% |
| Stocks | 30/36 | €125,232 | €107,948 | -€17,284 | -13.8% |
| Amounts receivable within one year | 40/41 | €263,589 | €170,945 | -€92,645 | -35.1% |
| Trade receivables | 40 | €261,370 | €165,542 | -€95,827 | -36.7% |
| Other amounts receivable | 41 | €2,220 | €5,402 | +€3,183 | +143% |
| Cash at bank and in hand | 54/58 | €38,874 | €19,520 | -€19,354 | -49.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €452,349 | €341,961 | -€110,387 | -24.4% |
| Equity | 10/15 | -€132,351 | -€205,486 | -€73,135 | -55.3% |
| Contributions | 10/11 | €122,000 | €122,000 | = | 0.0% |
| Capital | 10 | €122,000 | €122,000 | = | 0.0% |
| Issued capital | 100 | €122,000 | €122,000 | = | 0.0% |
| Reserves | 13 | €12,395 | €12,395 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€266,746 | -€339,881 | -€73,135 | -27.4% |
| Amounts payable | 17/49 | €584,700 | €547,448 | -€37,252 | -6.4% |
| Amounts payable after more than one year | 17 | €20,970 | €70,241 | +€49,270 | +235% |
| Financial debts | 170/4 | €20,970 | €70,241 | +€49,270 | +235% |
| Amounts payable within one year | 42/48 | €560,344 | €474,406 | -€85,938 | -15.3% |
| Current portion of amounts payable after more than one year | 42 | €65,541 | €66,955 | +€1,413 | +2.2% |
| Financial debts | 43 | €148,649 | €149,999 | +€1,350 | +0.9% |
| Credit institutions | 430/8 | €148,649 | €149,999 | +€1,350 | +0.9% |
| Trade debts | 44 | €322,500 | €241,973 | -€80,527 | -25.0% |
| Suppliers | 440/4 | €322,500 | €241,973 | -€80,527 | -25.0% |
| Taxes, remuneration and social security | 45 | €23,654 | €15,480 | -€8,174 | -34.6% |
| Taxes | 450/3 | €10,053 | €0 | -€10,053 | -100% |
| Remuneration and social security | 454/9 | €13,601 | €15,480 | +€1,878 | +13.8% |
| Accrued charges and deferred income | 492/3 | €3,385 | €2,801 | -€584 | -17.3% |
| Non-recurring operating income | 76A | €3,130 | €343 | -€2,787 | -89.0% |
| Remuneration, social security and pensions | 62 | €147,839 | €121,475 | -€26,364 | -17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,577 | €5,093 | +€1,516 | +42.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €40,000 | €0 | -€40,000 | -100% |
| Other operating charges | 640/8 | €3,928 | €5,743 | +€1,815 | +46.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €78,989 | €88,067 | +€9,078 | +11.5% |
| Operating profit (loss) | 9901 | -€116,355 | -€44,244 | +€72,111 | +62.0% |
| Financial income | 75/76B | €151 | €123 | -€27 | -18.2% |
| Recurring financial income | 75 | €151 | €123 | -€27 | -18.2% |
| Financial charges | 65/66B | €29,376 | €29,014 | -€362 | -1.2% |
| Recurring financial charges | 65 | €29,376 | €29,014 | -€362 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | -€145,580 | -€73,135 | +€72,445 | +49.8% |
| Profit (loss) for the period | 9904 | -€145,580 | -€73,135 | +€72,445 | +49.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€145,580 | -€73,135 | +€72,445 | +49.8% |
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 18 October 2026 via checked.be.