Entre Terre et Bière: what changed
Entre Terre et Bière
Largest movements
- Receivables within one year -€26,776
down €26,776 (-64.1%), from €41,771 to €14,994
of which Trade receivables: -€28,840
- Cash +€17,357
up €17,357 (+634%), from €2,738 to €20,095
mainly Receivables within one year (+€26,776) and Depreciation (+€16,667)
- Tangible fixed assets +€9,025
up €9,025 (+26.2%), from €34,482 to €43,507
of which Plant, machinery and equipment: +€8,550
- Intangible fixed assets -€4,348
down €4,348 (-100%), from €4,348 to €0
- Stocks and contracts +€2,785
up €2,785 (+59.4%), from €4,687 to €7,472
- Profit (loss) carried forward +€16,544
up €16,544 (+39.2%), from -€42,203 to -€25,659
- Trade debts -€8,140
down €8,140 (-17.9%), from €45,447 to €37,307
- Other debts -€7,118
down €7,118 (-25.4%), from €27,979 to €20,862
- Staff costs +€68,249
up €68,249 (+37.9%), from €180,123 to €248,371
- Gross operating margin +€63,205
up €63,205 (+28.5%), from €221,726 to €284,931
- Financial charges -€6,164
down €6,164, from €5,584 to -€580
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €92,012 | €92,614 | +€602 | +0.7% |
| Fixed assets | 21/28 | €41,930 | €46,607 | +€4,677 | +11.2% |
| Intangible fixed assets | 21 | €4,348 | €0 | -€4,348 | -100% |
| Tangible fixed assets | 22/27 | €34,482 | €43,507 | +€9,025 | +26.2% |
| Plant, machinery and equipment | 23 | €8,313 | €16,863 | +€8,550 | +103% |
| Furniture and vehicles | 24 | €8,701 | €12,995 | +€4,293 | +49.3% |
| Other tangible fixed assets | 26 | €17,468 | €13,650 | -€3,818 | -21.9% |
| Financial fixed assets | 28 | €3,100 | €3,100 | = | 0.0% |
| Current assets | 29/58 | €50,082 | €46,006 | -€4,075 | -8.1% |
| Stocks and contracts in progress | 3 | €4,687 | €7,472 | +€2,785 | +59.4% |
| Stocks | 30/36 | €4,687 | €7,472 | +€2,785 | +59.4% |
| Amounts receivable within one year | 40/41 | €41,771 | €14,994 | -€26,776 | -64.1% |
| Trade receivables | 40 | €41,691 | €12,852 | -€28,840 | -69.2% |
| Other amounts receivable | 41 | €79 | €2,143 | +€2,063 | +2,602% |
| Cash at bank and in hand | 54/58 | €2,738 | €20,095 | +€17,357 | +634% |
| Deferred charges and accrued income | 490/1 | €886 | €3,445 | +€2,559 | +289% |
| Total equity and liabilities | 10/49 | €92,012 | €92,614 | +€602 | +0.7% |
| Equity | 10/15 | -€22,203 | -€5,659 | +€16,544 | +74.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,203 | -€25,659 | +€16,544 | +39.2% |
| Amounts payable | 17/49 | €114,214 | €98,272 | -€15,942 | -14.0% |
| Amounts payable within one year | 42/48 | €114,214 | €98,272 | -€15,942 | -14.0% |
| Financial debts | 43 | - | €49 | +€49 | |
| Credit institutions | 430/8 | - | €49 | +€49 | |
| Trade debts | 44 | €45,447 | €37,307 | -€8,140 | -17.9% |
| Suppliers | 440/4 | €45,447 | €37,307 | -€8,140 | -17.9% |
| Taxes, remuneration and social security | 45 | €40,788 | €40,056 | -€733 | -1.8% |
| Taxes | 450/3 | €6,568 | €7,340 | +€772 | +11.8% |
| Remuneration and social security | 454/9 | €34,220 | €32,716 | -€1,505 | -4.4% |
| Other amounts payable | 47/48 | €27,979 | €20,862 | -€7,118 | -25.4% |
| Remuneration, social security and pensions | 62 | €180,123 | €248,371 | +€68,249 | +37.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,899 | €16,667 | -€233 | -1.4% |
| Other operating charges | 640/8 | €5,023 | €3,811 | -€1,212 | -24.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €221,726 | €284,931 | +€63,205 | +28.5% |
| Operating profit (loss) | 9901 | €19,681 | €16,082 | -€3,599 | -18.3% |
| Financial income | 75/76B | €294 | €112 | -€181 | -61.8% |
| Recurring financial income | 75 | €294 | €112 | -€181 | -61.8% |
| Financial charges | 65/66B | €5,584 | -€580 | -€6,164 | |
| Recurring financial charges | 65 | €5,584 | -€580 | -€6,164 | |
| Profit (loss) for the period before taxes | 9903 | €14,391 | €16,774 | +€2,384 | +16.6% |
| Income taxes | 67/77 | €269 | €230 | -€38 | -14.2% |
| Profit (loss) for the period | 9904 | €14,122 | €16,544 | +€2,422 | +17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €14,122 | €16,544 | +€2,422 | +17.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.