DE BIERWEG: what changed
Two fiscal 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.
What changed
DE BIERWEG
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€2,184
2024 · €155,330-€157,514
Equity
-€11,649
2024 · -€9,466-€2,184
Cash
€37,253
2024 · €10,320+€26,933
Balance sheet total
€3.7m
2024 · €3.8m-€150,028
Largest movements
Assets
- Tangible fixed assets -€143,989
down €143,989 (-3.8%), from €3.8m to €3.6m
Equity and liabilities
- Debts after one year -€182,154
down €182,154 (-6.5%), from €2.8m to €2.6m
Income statement
- Gross operating margin -€206,923
down €206,923 (-41.2%), from €502,812 to €295,888
- Depreciation -€91,750
down €91,750 (-38.9%), from €235,738 to €143,989
- Other operating charges +€13,065
up €13,065 (+262.0%), from €4,987 to €18,053
- Financial charges -€8,637
down €8,637 (-6.0%), from €144,668 to €136,031
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.
Result 2024
€155,330
Gross operating margin
-€206,923
Depreciation
+€91,750
Other operating charges
-€13,065
Financial income
-€137
Financial charges
+€8,637
Deferred taxes and other
-€37,776
Result 2025
-€2,184
Cash bridge derived
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.
From operations
+€202,813
Investment
€0
Financing
-€175,879
Cash 2024
€10,320
From operations (derived)
+€202,813
Net result for the year
-€2,184
Depreciation
+€143,989
Receivables within one year
+€32,973
Trade debts
-€5,756
Tax, wage and social debts
-€659
Other debts
+€34,450
Financing
-€175,879
Debts after one year
-€182,154
Current portion of long-term debt
+€6,274
Cash 2025
€37,253
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,844,586 | €3,694,558 | -€150,028 | -3.9% |
| Fixed assets | 21/28 | €3,771,044 | €3,627,055 | -€143,989 | -3.8% |
| Tangible fixed assets | 22/27 | €3,770,697 | €3,626,708 | -€143,989 | -3.8% |
| Land and buildings | 22 | €3,770,697 | €3,626,708 | -€143,989 | -3.8% |
| Financial fixed assets | 28 | €347 | €347 | = | 0.0% |
| Current assets | 29/58 | €73,542 | €67,503 | -€6,039 | -8.2% |
| Amounts receivable within one year | 40/41 | €63,223 | €30,250 | -€32,973 | -52.2% |
| Trade receivables | 40 | €63,223 | €30,250 | -€32,973 | -52.2% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €10,320 | €37,253 | +€26,933 | +261.0% |
| Total equity and liabilities | 10/49 | €3,844,586 | €3,694,558 | -€150,028 | -3.9% |
| Equity | 10/15 | -€9,466 | -€11,649 | -€2,184 | -23.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €140,354 | €134,441 | -€5,913 | -4.2% |
| Tax-exempt reserves | 132 | €107,414 | €101,501 | -€5,913 | -5.5% |
| Distributable reserves | 133 | €32,940 | €32,940 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€168,369 | -€164,640 | +€3,729 | +2.2% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €3,854,052 | €3,706,207 | -€147,844 | -3.8% |
| Amounts payable after more than one year | 17 | €2,807,097 | €2,624,943 | -€182,154 | -6.5% |
| Financial debts | 170/4 | €2,807,097 | €2,624,943 | -€182,154 | -6.5% |
| Amounts payable within one year | 42/48 | €1,046,955 | €1,081,264 | +€34,309 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €726,291 | €732,565 | +€6,274 | +0.9% |
| Trade debts | 44 | €6,789 | €1,033 | -€5,756 | -84.8% |
| Suppliers | 440/4 | €6,789 | €1,033 | -€5,756 | -84.8% |
| Taxes, remuneration and social security | 45 | €16,128 | €15,469 | -€659 | -4.1% |
| Taxes | 450/3 | €16,128 | €15,469 | -€659 | -4.1% |
| Other amounts payable | 47/48 | €297,747 | €332,197 | +€34,450 | +11.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €254,022 | €0 | -€254,022 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €235,738 | €143,989 | -€91,750 | -38.9% |
| Other operating charges | 640/8 | €4,987 | €18,053 | +€13,065 | +262.0% |
| Gross operating margin | 9900 | €502,812 | €295,888 | -€206,923 | -41.2% |
| Operating profit (loss) | 9901 | €262,086 | €133,847 | -€128,239 | -48.9% |
| Financial income | 75/76B | €137 | €0 | -€137 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | = | |
| Non-recurring financial income | 76B | €137 | €0 | -€137 | -100.0% |
| Financial charges | 65/66B | €144,668 | €136,031 | -€8,637 | -6.0% |
| Recurring financial charges | 65 | €144,668 | €136,031 | -€8,637 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €117,555 | -€2,184 | -€119,738 | |
| Transfer from deferred taxes | 780 | €37,776 | €0 | -€37,776 | -100.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €155,330 | -€2,184 | -€157,514 | |
| Transfer from tax-exempt reserves | 789 | €5,913 | €5,913 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €161,243 | €3,729 | -€157,514 | -97.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.