GAMBRINUS EXPLOITATIE: 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.
GAMBRINUS EXPLOITATIE
Largest movements
- Cash +€89,047
up €89,047 (+87.7%), from €101,578 to €190,625
mainly Tax, wage and social debts (+€113,620) and Receivables within one year (+€34,905)
- Tangible fixed assets +€37,017
up €37,017 (+20.0%), from €185,147 to €222,163
of which Plant, machinery and equipment: +€42,790
- Receivables within one year -€34,905
down €34,905 (-65.0%), from €53,711 to €18,807
of which Other amounts receivable: -€36,642
- Stocks and contracts +€12,200
up €12,200 (+37.8%), from €32,283 to €44,482
- Deferred charges and accrued income +€5,160
up €5,160, from €0 to €5,160
- Tax, wage and social debts +€113,620
up €113,620 (+252.8%), from €44,939 to €158,559
of which Remuneration and social security: +€86,349
- Contributions -€71,000
down €71,000 (-41.5%), from €171,000 to €100,000
- Other debts +€19,305
up €19,305 (+602.8%), from €3,202 to €22,507
- Reserves +€17,768
new in 2025: €17,768
- Profit (loss) carried forward +€13,560
up €13,560, from -€13,560 to €0
- Staff costs +€126,661
up €126,661 (+21.8%), from €579,905 to €706,567
- Gross operating margin +€94,992
up €94,992 (+13.8%), from €689,174 to €784,166
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €372,719 | €481,236 | +€108,517 | +29.1% |
| Fixed assets | 21/28 | €185,147 | €222,163 | +€37,017 | +20.0% |
| Tangible fixed assets | 22/27 | €185,147 | €222,163 | +€37,017 | +20.0% |
| Land and buildings | 22 | €81,377 | €75,793 | -€5,584 | -6.9% |
| Plant, machinery and equipment | 23 | €92,074 | €134,864 | +€42,790 | +46.5% |
| Furniture and vehicles | 24 | €7,189 | €4,659 | -€2,530 | -35.2% |
| Other tangible fixed assets | 26 | €4,507 | €6,847 | +€2,340 | +51.9% |
| Current assets | 29/58 | €187,572 | €259,073 | +€71,501 | +38.1% |
| Stocks and contracts in progress | 3 | €32,283 | €44,482 | +€12,200 | +37.8% |
| Stocks | 30/36 | €32,283 | €44,482 | +€12,200 | +37.8% |
| Amounts receivable within one year | 40/41 | €53,711 | €18,807 | -€34,905 | -65.0% |
| Trade receivables | 40 | - | €1,737 | +€1,737 | |
| Other amounts receivable | 41 | €53,711 | €17,070 | -€36,642 | -68.2% |
| Cash at bank and in hand | 54/58 | €101,578 | €190,625 | +€89,047 | +87.7% |
| Deferred charges and accrued income | 490/1 | €0 | €5,160 | +€5,160 | |
| Total equity and liabilities | 10/49 | €372,719 | €481,236 | +€108,517 | +29.1% |
| Equity | 10/15 | €157,440 | €117,768 | -€39,671 | -25.2% |
| Contributions | 10/11 | €171,000 | €100,000 | -€71,000 | -41.5% |
| Reserves | 13 | - | €17,768 | +€17,768 | |
| Distributable reserves | 133 | - | €17,768 | +€17,768 | |
| Profit (loss) carried forward | 14 | -€13,560 | €0 | +€13,560 | |
| Amounts payable | 17/49 | €215,279 | €363,468 | +€148,189 | +68.8% |
| Amounts payable after more than one year | 17 | €85,784 | €97,104 | +€11,320 | +13.2% |
| Financial debts | 170/4 | €85,784 | €97,104 | +€11,320 | +13.2% |
| Amounts payable within one year | 42/48 | €129,495 | €266,364 | +€136,869 | +105.7% |
| Current portion of amounts payable after more than one year | 42 | €17,280 | €27,056 | +€9,777 | +56.6% |
| Trade debts | 44 | €64,074 | €58,241 | -€5,833 | -9.1% |
| Suppliers | 440/4 | €64,074 | €58,241 | -€5,833 | -9.1% |
| Taxes, remuneration and social security | 45 | €44,939 | €158,559 | +€113,620 | +252.8% |
| Taxes | 450/3 | €22,825 | €50,096 | +€27,272 | +119.5% |
| Remuneration and social security | 454/9 | €22,114 | €108,463 | +€86,349 | +390.5% |
| Other amounts payable | 47/48 | €3,202 | €22,507 | +€19,305 | +602.8% |
| Remuneration, social security and pensions | 62 | €579,905 | €706,567 | +€126,661 | +21.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,655 | €22,964 | +€5,310 | +30.1% |
| Other operating charges | 640/8 | €9,698 | €7,903 | -€1,795 | -18.5% |
| Gross operating margin | 9900 | €689,174 | €784,166 | +€94,992 | +13.8% |
| Operating profit (loss) | 9901 | €81,916 | €46,732 | -€35,184 | -43.0% |
| Financial income | 75/76B | €0 | €713 | +€712 | +593675.0% |
| Recurring financial income | 75 | €0 | €713 | +€712 | +593675.0% |
| Financial charges | 65/66B | €9,056 | €10,561 | +€1,504 | +16.6% |
| Recurring financial charges | 65 | €9,056 | €10,561 | +€1,504 | +16.6% |
| Profit (loss) for the period before taxes | 9903 | €72,860 | €36,884 | -€35,976 | -49.4% |
| Income taxes | 67/77 | €847 | €5,555 | +€4,708 | +555.9% |
| Profit (loss) for the period | 9904 | €72,013 | €31,329 | -€40,684 | -56.5% |
| Profit (loss) for the period to be appropriated | 9905 | €72,013 | €31,329 | -€40,684 | -56.5% |
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 11 October 2026 via checked.be.