De Brouwzaal: 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 Brouwzaal
Largest movements
- Receivables within one year +€409,698
up €409,698 (+340%), from €120,404 to €530,102
of which Other amounts receivable: +€409,446
- Stocks and contracts +€250,000
up €250,000 (+72.5%), from €345,000 to €595,000
- Tangible fixed assets -€105,378
down €105,378 (-28.3%), from €372,120 to €266,742
of which Land and buildings: -€149,144
- Cash -€72,199
down €72,199 (-92.1%), from €78,383 to €6,183
mainly Receivables within one year (-€409,698) and Stocks and contracts (-€250,000)
- Other debts +€220,107
up €220,107 (+166%), from €132,570 to €352,676
- Debts after one year +€186,229
up €186,229 (+51.6%), from €360,914 to €547,143
of which Other amounts payable: +€212,480
- Reserves +€89,321
up €89,321 (+12.6%), from €710,045 to €799,366
- Tax, wage and social debts -€22,828
down €22,828 (-81.5%), from €27,993 to €5,165
- Gross operating margin +€167,717
up €167,717 (+1,594%), from €10,520 to €178,237
- Taxes +€36,844
up €36,844 (+11,480%), from €321 to €37,165
- Other operating charges +€18,869
up €18,869 (+300%), from €6,284 to €25,153
- Depreciation -€2,483
down €2,483 (-9.2%), from €27,022 to €24,540
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 | €1,277,280 | €1,759,034 | +€481,753 | +37.7% |
| Fixed assets | 21/28 | €731,420 | €626,042 | -€105,378 | -14.4% |
| Tangible fixed assets | 22/27 | €372,120 | €266,742 | -€105,378 | -28.3% |
| Land and buildings | 22 | €313,085 | €163,941 | -€149,144 | -47.6% |
| Plant, machinery and equipment | 23 | €8,223 | €7,012 | -€1,212 | -14.7% |
| Furniture and vehicles | 24 | €50,812 | €35,788 | -€15,024 | -29.6% |
| Assets under construction and advance payments | 27 | - | €60,002 | +€60,002 | |
| Financial fixed assets | 28 | €359,300 | €359,300 | = | 0.0% |
| Current assets | 29/58 | €545,860 | €1,132,991 | +€587,131 | +108% |
| Stocks and contracts in progress | 3 | €345,000 | €595,000 | +€250,000 | +72.5% |
| Stocks | 30/36 | €345,000 | €595,000 | +€250,000 | +72.5% |
| Amounts receivable within one year | 40/41 | €120,404 | €530,102 | +€409,698 | +340% |
| Trade receivables | 40 | - | €251 | +€251 | |
| Other amounts receivable | 41 | €120,404 | €529,851 | +€409,446 | +340% |
| Cash at bank and in hand | 54/58 | €78,383 | €6,183 | -€72,199 | -92.1% |
| Deferred charges and accrued income | 490/1 | €2,073 | €1,706 | -€367 | -17.7% |
| Total equity and liabilities | 10/49 | €1,277,280 | €1,759,034 | +€481,753 | +37.7% |
| Equity | 10/15 | €728,645 | €817,966 | +€89,321 | +12.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €710,045 | €799,366 | +€89,321 | +12.6% |
| Distributable reserves | 133 | €710,045 | €799,366 | +€89,321 | +12.6% |
| Amounts payable | 17/49 | €548,635 | €941,068 | +€392,433 | +71.5% |
| Amounts payable after more than one year | 17 | €360,914 | €547,143 | +€186,229 | +51.6% |
| Financial debts | 170/4 | €104,920 | €78,669 | -€26,251 | -25.0% |
| Other amounts payable | 178/9 | €255,994 | €468,474 | +€212,480 | +83.0% |
| Amounts payable within one year | 42/48 | €187,721 | €393,925 | +€206,203 | +110% |
| Current portion of amounts payable after more than one year | 42 | €25,808 | €26,251 | +€443 | +1.7% |
| Trade debts | 44 | €1,350 | €9,832 | +€8,482 | +628% |
| Suppliers | 440/4 | €1,350 | €9,832 | +€8,482 | +628% |
| Taxes, remuneration and social security | 45 | €27,993 | €5,165 | -€22,828 | -81.5% |
| Taxes | 450/3 | €27,993 | €5,165 | -€22,828 | -81.5% |
| Other amounts payable | 47/48 | €132,570 | €352,676 | +€220,107 | +166% |
| Non-recurring operating income | 76A | - | €187,773 | +€187,773 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,022 | €24,540 | -€2,483 | -9.2% |
| Other operating charges | 640/8 | €6,284 | €25,153 | +€18,869 | +300% |
| Gross operating margin | 9900 | €10,520 | €178,237 | +€167,717 | +1,594% |
| Operating profit (loss) | 9901 | -€22,786 | €128,544 | +€151,331 | |
| Financial income | 75/76B | €74 | €108 | +€34 | +46.3% |
| Recurring financial income | 75 | €74 | €108 | +€34 | +46.3% |
| Financial charges | 65/66B | €2,608 | €2,167 | -€441 | -16.9% |
| Recurring financial charges | 65 | €2,608 | €2,167 | -€441 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | -€25,320 | €126,486 | +€151,806 | |
| Income taxes | 67/77 | €321 | €37,165 | +€36,844 | +11,480% |
| Profit (loss) for the period | 9904 | -€25,641 | €89,321 | +€114,961 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,641 | €89,321 | +€114,961 |
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 29 October 2026 via checked.be.