BRUWIERE: 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.
BRUWIERE
Largest movements
- Current investments +€8,083
up €8,083 (+2.0%), from €396,758 to €404,841
- Cash -€7,835
down €7,835 (-49.8%), from €15,736 to €7,902
mainly Current investments (-€8,083) and Investment in fixed assets (net) (-€4,448)
- Reserves +€5,236
up €5,236 (+1.3%), from €404,748 to €409,985
of which Distributable reserves: +€5,236
- Gross operating margin -€9,761
down €9,761, from €9,469 to -€292
- Taxes -€7,703
down €7,703, from €7,186 to -€518
- Financial income +€2,062
up €2,062 (+29.6%), from €6,977 to €9,039
- Depreciation +€500
up €500 (+27.1%), from €1,848 to €2,348
- Financial charges +€250
up €250 (+26.4%), from €947 to €1,197
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €427,427 | €432,277 | +€4,851 | +1.1% |
| Fixed assets | 21/28 | €5,591 | €7,691 | +€2,100 | +37.6% |
| Tangible fixed assets | 22/27 | €5,400 | €7,500 | +€2,100 | +38.9% |
| Plant, machinery and equipment | 23 | €5,400 | €7,500 | +€2,100 | +38.9% |
| Financial fixed assets | 28 | €191 | €191 | = | 0.0% |
| Current assets | 29/58 | €421,836 | €424,587 | +€2,751 | +0.7% |
| Stocks and contracts in progress | 3 | €600 | €600 | = | 0.0% |
| Stocks | 30/36 | €600 | €600 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,741 | €11,244 | +€2,503 | +28.6% |
| Trade receivables | 40 | - | €2,687 | +€2,687 | |
| Other amounts receivable | 41 | €8,741 | €8,556 | -€185 | -2.1% |
| Current investments | 50/53 | €396,758 | €404,841 | +€8,083 | +2.0% |
| Cash at bank and in hand | 54/58 | €15,736 | €7,902 | -€7,835 | -49.8% |
| Total equity and liabilities | 10/49 | €427,427 | €432,277 | +€4,851 | +1.1% |
| Equity | 10/15 | €423,340 | €428,577 | +€5,236 | +1.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €404,748 | €409,985 | +€5,236 | +1.3% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €402,889 | €408,125 | +€5,236 | +1.3% |
| Amounts payable | 17/49 | €4,086 | €3,701 | -€386 | -9.4% |
| Amounts payable within one year | 42/48 | €4,086 | €3,701 | -€386 | -9.4% |
| Trade debts | 44 | €114 | €112 | -€2 | -1.5% |
| Suppliers | 440/4 | €114 | €112 | -€2 | -1.5% |
| Taxes, remuneration and social security | 45 | €971 | €677 | -€294 | -30.3% |
| Taxes | 450/3 | €971 | €677 | -€294 | -30.3% |
| Other amounts payable | 47/48 | €3,002 | €2,912 | -€90 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,848 | €2,348 | +€500 | +27.1% |
| Other operating charges | 640/8 | €574 | €482 | -€91 | -15.9% |
| Gross operating margin | 9900 | €9,469 | -€292 | -€9,761 | |
| Operating profit (loss) | 9901 | €7,047 | -€3,123 | -€10,170 | |
| Financial income | 75/76B | €6,977 | €9,039 | +€2,062 | +29.6% |
| Recurring financial income | 75 | €6,977 | €9,039 | +€2,062 | +29.6% |
| Financial charges | 65/66B | €947 | €1,197 | +€250 | +26.4% |
| Recurring financial charges | 65 | €947 | €1,197 | +€250 | +26.4% |
| Profit (loss) for the period before taxes | 9903 | €13,076 | €4,719 | -€8,358 | -63.9% |
| Income taxes | 67/77 | €7,186 | -€518 | -€7,703 | |
| Profit (loss) for the period | 9904 | €5,891 | €5,236 | -€655 | -11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,891 | €5,236 | -€655 | -11.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.