FAGNES BEERS: 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.
What changed
FAGNES BEERS
NACE 11.050, Manufacture of beer
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€78,520
2024 · €13,409+€65,111
Equity
€1.1m
2024 · €1.0m+€78,520
Cash
€93,620
2024 · €73,001+€20,619
Balance sheet total
€2.1m
2024 · €2.2m-€29,748
Largest movements
Assets
- Stocks and contracts -€66,041
down €66,041 (-5.6%), from €1.2m to €1.1m
- Receivables within one year +€26,233
up €26,233 (+3.5%), from €757,684 to €783,917
of which Other amounts receivable: +€32,899
Equity and liabilities
- Trade debts -€141,282
down €141,282 (-26.7%), from €530,023 to €388,740
- Profit (loss) carried forward +€78,520
up €78,520 (+8.0%), from €987,194 to €1.1m
- Tax, wage and social debts +€61,022
up €61,022 (+73.8%), from €82,638 to €143,660
of which Taxes: +€58,825
Income statement
- Turnover +€127,765
up €127,765 (+5.3%), from €2.4m to €2.6m
- Services and other goods +€52,294
up €52,294 (+8.0%), from €651,408 to €703,701
- Goods and materials +€28,020
up €28,020 (+2.1%), from €1.3m to €1.3m
of which Change in stocks: decrease (increase): +€303,380
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
€13,409
Turnover
+€127,765
Other operating income
+€499
Goods and materials
-€28,020
Services and other goods
-€52,294
Staff costs
-€13,711
Depreciation
+€1,413
Other operating charges
+€5,944
Other operating items
+€37,641
Financial income
+€121
Financial charges
+€4,592
Taxes
-€18,838
Result 2025
€78,520
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€54,770
Investment
-€20,715
Financing
-€13,436
Cash 2024
€73,001
From operations (derived)
+€54,770
Net result for the year
+€78,520
Depreciation
+€27,099
Stocks and contracts
+€66,041
Receivables within one year
-€26,233
Deferred charges and accrued income
+€4,176
Trade debts
-€141,282
Tax, wage and social debts
+€61,022
Other debts
-€14,573
Investment (derived)
-€20,715
Investment in fixed assets (net)
-€20,715
Financing
-€13,436
Debts after one year
-€4,641
Current portion of long-term debt
+€1,205
Short-term financial debts
-€10,000
Cash 2025
€93,620
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,154,251 | €2,124,502 | -€29,748 | -1.4% |
| Fixed assets | 21/28 | €144,781 | €138,397 | -€6,384 | -4.4% |
| Intangible fixed assets | 21 | - | €5,792 | +€5,792 | |
| Tangible fixed assets | 22/27 | €126,941 | €114,765 | -€12,176 | -9.6% |
| Land and buildings | 22 | €16,878 | €14,689 | -€2,189 | -13.0% |
| Plant, machinery and equipment | 23 | €24,900 | €21,481 | -€3,419 | -13.7% |
| Furniture and vehicles | 24 | €36,621 | €28,349 | -€8,272 | -22.6% |
| Leasing and similar rights | 25 | €48,542 | €45,210 | -€3,332 | -6.9% |
| Assets under construction and advance payments | 27 | - | €5,036 | +€5,036 | |
| Financial fixed assets | 28 | €17,840 | €17,840 | = | 0.0% |
| Affiliated companies | 280/1 | €17,105 | €17,105 | = | 0.0% |
| Participating interests | 280 | €17,105 | €17,105 | = | 0.0% |
| Other financial fixed assets | 284/8 | €735 | €735 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €735 | €735 | = | 0.0% |
| Current assets | 29/58 | €2,009,470 | €1,986,106 | -€23,364 | -1.2% |
| Stocks and contracts in progress | 3 | €1,171,817 | €1,105,776 | -€66,041 | -5.6% |
| Stocks | 30/36 | €1,171,817 | €1,105,776 | -€66,041 | -5.6% |
| Raw materials and consumables | 30/31 | €0 | - | = | |
| Goods purchased for resale | 34 | €1,171,817 | €1,105,776 | -€66,041 | -5.6% |
| Amounts receivable within one year | 40/41 | €757,684 | €783,917 | +€26,233 | +3.5% |
| Trade receivables | 40 | €301,005 | €294,339 | -€6,666 | -2.2% |
| Other amounts receivable | 41 | €456,679 | €489,578 | +€32,899 | +7.2% |
| Cash at bank and in hand | 54/58 | €73,001 | €93,620 | +€20,619 | +28.2% |
| Deferred charges and accrued income | 490/1 | €6,969 | €2,793 | -€4,176 | -59.9% |
| Total equity and liabilities | 10/49 | €2,154,251 | €2,124,502 | -€29,748 | -1.4% |
| Equity | 10/15 | €1,047,471 | €1,125,992 | +€78,520 | +7.5% |
| Contributions | 10/11 | €49,738 | €49,738 | = | 0.0% |
| Reserves | 13 | €10,540 | €10,540 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,574 | €4,574 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,574 | €4,574 | = | 0.0% |
| Distributable reserves | 133 | €5,966 | €5,966 | = | 0.0% |
| Profit (loss) carried forward | 14 | €987,194 | €1,065,714 | +€78,520 | +8.0% |
| Amounts payable | 17/49 | €1,106,779 | €998,511 | -€108,269 | -9.8% |
| Amounts payable after more than one year | 17 | €35,504 | €30,864 | -€4,641 | -13.1% |
| Financial debts | 170/4 | €35,504 | €30,864 | -€4,641 | -13.1% |
| Leasing and similar obligations | 172 | €35,504 | €30,864 | -€4,641 | -13.1% |
| Amounts payable within one year | 42/48 | €1,071,275 | €967,647 | -€103,628 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €13,114 | €14,319 | +€1,205 | +9.2% |
| Financial debts | 43 | €345,000 | €335,000 | -€10,000 | -2.9% |
| Credit institutions | 430/8 | €345,000 | €335,000 | -€10,000 | -2.9% |
| Trade debts | 44 | €530,023 | €388,740 | -€141,282 | -26.7% |
| Suppliers | 440/4 | €530,023 | €388,740 | -€141,282 | -26.7% |
| Taxes, remuneration and social security | 45 | €82,638 | €143,660 | +€61,022 | +73.8% |
| Taxes | 450/3 | €43,044 | €101,869 | +€58,825 | +137% |
| Remuneration and social security | 454/9 | €39,594 | €41,791 | +€2,197 | +5.5% |
| Other amounts payable | 47/48 | €100,500 | €85,928 | -€14,573 | -14.5% |
| Operating income | 70/76A | €2,503,216 | €2,631,479 | +€128,264 | +5.1% |
| Turnover | 70 | €2,424,067 | €2,551,832 | +€127,765 | +5.3% |
| Other operating income | 74 | €79,148 | €79,647 | +€499 | +0.6% |
| Operating charges | 60/66A | €2,431,299 | €2,480,326 | +€49,027 | +2.0% |
| Goods for resale, raw materials and consumables | 60 | €1,312,303 | €1,340,323 | +€28,020 | +2.1% |
| Purchases | 600/8 | €1,600,392 | €1,325,032 | -€275,360 | -17.2% |
| Change in stocks: decrease (increase) | 609 | -€288,089 | €15,291 | +€303,380 | |
| Services and other goods | 61 | €651,408 | €703,701 | +€52,294 | +8.0% |
| Remuneration, social security and pensions | 62 | €384,836 | €398,546 | +€13,711 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,512 | €27,099 | -€1,413 | -5.0% |
| Other operating charges | 640/8 | €16,600 | €10,656 | -€5,944 | -35.8% |
| Non-recurring operating charges | 66A | €37,641 | €0 | -€37,641 | -100% |
| Operating profit (loss) | 9901 | €71,917 | €151,153 | +€79,237 | +110% |
| Financial income | 75/76B | €4,879 | €5,000 | +€121 | +2.5% |
| Recurring financial income | 75 | €4,879 | €4,699 | -€180 | -3.7% |
| Other financial income | 752/9 | €4,879 | €4,699 | -€180 | -3.7% |
| Non-recurring financial income | 76B | - | €301 | +€301 | |
| Financial charges | 65/66B | €29,991 | €25,399 | -€4,592 | -15.3% |
| Recurring financial charges | 65 | €29,991 | €25,399 | -€4,592 | -15.3% |
| Debt charges | 650 | €29,489 | €24,496 | -€4,992 | -16.9% |
| Other financial charges | 652/9 | €503 | €903 | +€400 | +79.6% |
| Profit (loss) for the period before taxes | 9903 | €46,804 | €130,754 | +€83,949 | +179% |
| Income taxes | 67/77 | €33,395 | €52,234 | +€18,838 | +56.4% |
| Taxes | 670/3 | €33,395 | €52,234 | +€18,838 | +56.4% |
| Profit (loss) for the period | 9904 | €13,409 | €78,520 | +€65,111 | +486% |
| Profit (loss) for the period to be appropriated | 9905 | €13,409 | €78,520 | +€65,111 | +486% |
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 16 October 2026 via checked.be.