DE BIERSCHUUR: 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.
DE BIERSCHUUR
Largest movements
- Cash -€55,916
down €55,916 (-31.9%), from €175,177 to €119,261
mainly Contributions, distributions and other (-€55,000) and Stocks and contracts (-€52,612)
- Stocks and contracts +€52,612
up €52,612 (+24.4%), from €215,538 to €268,150
- Tangible fixed assets +€11,607
up €11,607 (+18.9%), from €61,415 to €73,022
of which Furniture and vehicles: +€25,144
- Reserves -€48,360
down €48,360 (-24.0%), from €201,780 to €153,420
- Other debts +€32,166
up €32,166 (+51.0%), from €63,094 to €95,260
- Debts after one year +€24,872
new in 2025: €24,872
- Gross operating margin +€9,914
up €9,914 (+19.3%), from €51,234 to €61,148
- Depreciation +€2,472
up €2,472 (+8.7%), from €28,381 to €30,853
- Taxes +€1,596
up €1,596 (+118%), from €1,348 to €2,943
- Other operating charges -€1,483
down €1,483 (-13.7%), from €10,794 to €9,312
- Staff costs -€1,117
down €1,117 (-13.9%), from €8,055 to €6,938
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 | €485,020 | €497,730 | +€12,710 | +2.6% |
| Fixed assets | 21/28 | €61,415 | €73,022 | +€11,607 | +18.9% |
| Tangible fixed assets | 22/27 | €61,415 | €73,022 | +€11,607 | +18.9% |
| Plant, machinery and equipment | 23 | €11,828 | €12,426 | +€598 | +5.1% |
| Furniture and vehicles | 24 | €5,960 | €31,104 | +€25,144 | +422% |
| Other tangible fixed assets | 26 | €43,628 | €29,493 | -€14,135 | -32.4% |
| Current assets | 29/58 | €423,605 | €424,708 | +€1,103 | +0.3% |
| Stocks and contracts in progress | 3 | €215,538 | €268,150 | +€52,612 | +24.4% |
| Stocks | 30/36 | €215,538 | €268,150 | +€52,612 | +24.4% |
| Amounts receivable within one year | 40/41 | €27,660 | €30,700 | +€3,040 | +11.0% |
| Trade receivables | 40 | €20,709 | €17,673 | -€3,037 | -14.7% |
| Other amounts receivable | 41 | €6,950 | €13,028 | +€6,077 | +87.4% |
| Current investments | 50/53 | €243 | - | -€243 | |
| Cash at bank and in hand | 54/58 | €175,177 | €119,261 | -€55,916 | -31.9% |
| Deferred charges and accrued income | 490/1 | €4,987 | €6,597 | +€1,609 | +32.3% |
| Total equity and liabilities | 10/49 | €485,020 | €497,730 | +€12,710 | +2.6% |
| Equity | 10/15 | €259,067 | €210,712 | -€48,356 | -18.7% |
| Contributions | 10/11 | €20,300 | €20,300 | = | 0.0% |
| Reserves | 13 | €201,780 | €153,420 | -€48,360 | -24.0% |
| Distributable reserves | 133 | €201,780 | €153,420 | -€48,360 | -24.0% |
| Profit (loss) carried forward | 14 | €36,987 | €36,992 | +€4 | 0.0% |
| Amounts payable | 17/49 | €225,953 | €287,019 | +€61,066 | +27.0% |
| Amounts payable after more than one year | 17 | - | €24,872 | +€24,872 | |
| Financial debts | 170/4 | - | €24,872 | +€24,872 | |
| Amounts payable within one year | 42/48 | €206,330 | €239,161 | +€32,831 | +15.9% |
| Current portion of amounts payable after more than one year | 42 | €5,615 | €6,775 | +€1,161 | +20.7% |
| Trade debts | 44 | €128,806 | €132,492 | +€3,687 | +2.9% |
| Suppliers | 440/4 | €128,806 | €132,492 | +€3,687 | +2.9% |
| Taxes, remuneration and social security | 45 | €8,816 | €4,633 | -€4,183 | -47.4% |
| Taxes | 450/3 | €4,696 | - | -€4,696 | |
| Remuneration and social security | 454/9 | €4,120 | €4,633 | +€513 | +12.4% |
| Other amounts payable | 47/48 | €63,094 | €95,260 | +€32,166 | +51.0% |
| Accrued charges and deferred income | 492/3 | €19,623 | €22,986 | +€3,363 | +17.1% |
| Remuneration, social security and pensions | 62 | €8,055 | €6,938 | -€1,117 | -13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,381 | €30,853 | +€2,472 | +8.7% |
| Other operating charges | 640/8 | €10,794 | €9,312 | -€1,483 | -13.7% |
| Gross operating margin | 9900 | €51,234 | €61,148 | +€9,914 | +19.3% |
| Operating profit (loss) | 9901 | €4,003 | €14,045 | +€10,042 | +251% |
| Financial income | 75/76B | €1,079 | €266 | -€814 | -75.4% |
| Recurring financial income | 75 | €1,079 | €266 | -€814 | -75.4% |
| Financial charges | 65/66B | €4,160 | €4,723 | +€563 | +13.5% |
| Recurring financial charges | 65 | €4,160 | €4,723 | +€563 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | €923 | €9,588 | +€8,665 | +939% |
| Income taxes | 67/77 | €1,348 | €2,943 | +€1,596 | +118% |
| Profit (loss) for the period | 9904 | -€425 | €6,644 | +€7,069 | |
| Profit (loss) for the period to be appropriated | 9905 | -€425 | €6,644 | +€7,069 |
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 24 October 2026 via checked.be.