FEMA BREWERIES: 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.
FEMA BREWERIES
Largest movements
- Cash +€27,154
up €27,154 (+35.6%), from €76,174 to €103,328
mainly Net result for the year (+€24,394) and Trade debts (+€10,710)
- Tangible fixed assets +€1,621
new in 2025: €1,621
- Profit (loss) carried forward +€24,394
up €24,394 (+192%), from €12,717 to €37,112
- Trade debts +€10,710
up €10,710 (+140%), from €7,665 to €18,375
- Tax, wage and social debts -€3,849
down €3,849 (-16.8%), from €22,930 to €19,082
of which Taxes: -€2,616
- Other debts -€2,848
down €2,848 (-12.0%), from €23,692 to €20,843
- Gross operating margin +€11,053
up €11,053 (+40.1%), from €27,591 to €38,644
- Taxes +€8,188
up €8,188 (+514%), from €1,593 to €9,781
- Other operating charges -€1,384
down €1,384 (-31.4%), from €4,406 to €3,022
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 | €85,604 | €114,012 | +€28,407 | +33.2% |
| Fixed assets | 21/28 | €4,570 | €6,191 | +€1,621 | +35.5% |
| Tangible fixed assets | 22/27 | - | €1,621 | +€1,621 | |
| Furniture and vehicles | 24 | - | €1,621 | +€1,621 | |
| Financial fixed assets | 28 | €4,570 | €4,570 | = | 0.0% |
| Current assets | 29/58 | €81,034 | €107,821 | +€26,787 | +33.1% |
| Stocks and contracts in progress | 3 | €510 | €510 | = | 0.0% |
| Stocks | 30/36 | €510 | €510 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,743 | €3,895 | +€152 | +4.1% |
| Trade receivables | 40 | €3,662 | €3,619 | -€42 | -1.2% |
| Other amounts receivable | 41 | €81 | €276 | +€195 | +239% |
| Cash at bank and in hand | 54/58 | €76,174 | €103,328 | +€27,154 | +35.6% |
| Deferred charges and accrued income | 490/1 | €607 | €87 | -€519 | -85.6% |
| Total equity and liabilities | 10/49 | €85,604 | €114,012 | +€28,407 | +33.2% |
| Equity | 10/15 | €31,317 | €55,712 | +€24,394 | +77.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,717 | €37,112 | +€24,394 | +192% |
| Amounts payable | 17/49 | €54,287 | €58,300 | +€4,013 | +7.4% |
| Amounts payable within one year | 42/48 | €54,287 | €58,300 | +€4,013 | +7.4% |
| Trade debts | 44 | €7,665 | €18,375 | +€10,710 | +140% |
| Suppliers | 440/4 | €7,665 | €18,375 | +€10,710 | +140% |
| Taxes, remuneration and social security | 45 | €22,930 | €19,082 | -€3,849 | -16.8% |
| Taxes | 450/3 | €21,297 | €18,682 | -€2,616 | -12.3% |
| Remuneration and social security | 454/9 | €1,633 | €400 | -€1,233 | -75.5% |
| Other amounts payable | 47/48 | €23,692 | €20,843 | -€2,848 | -12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €163 | +€163 | |
| Other operating charges | 640/8 | €4,406 | €3,022 | -€1,384 | -31.4% |
| Gross operating margin | 9900 | €27,591 | €38,644 | +€11,053 | +40.1% |
| Operating profit (loss) | 9901 | €23,185 | €35,459 | +€12,274 | +52.9% |
| Financial income | 75/76B | €1 | €49 | +€49 | +6,941% |
| Recurring financial income | 75 | €1 | €49 | +€49 | +6,941% |
| Financial charges | 65/66B | €976 | €1,332 | +€357 | +36.5% |
| Recurring financial charges | 65 | €976 | €1,332 | +€357 | +36.5% |
| Profit (loss) for the period before taxes | 9903 | €22,210 | €34,176 | +€11,966 | +53.9% |
| Income taxes | 67/77 | €1,593 | €9,781 | +€8,188 | +514% |
| Profit (loss) for the period | 9904 | €20,617 | €24,394 | +€3,778 | +18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €20,617 | €24,394 | +€3,778 | +18.3% |
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 20 October 2026 via checked.be.