INBEVET: 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.
INBEVET
Largest movements
- Current investments +€80,000
up €80,000 (+90.2%), from €88,652 to €168,652
- Tangible fixed assets -€17,381
down €17,381 (-30.7%), from €56,628 to €39,248
of which Furniture and vehicles: -€17,554
- Cash +€12,895
up €12,895 (+9.9%), from €130,758 to €143,653
mainly Net result for the year (+€76,981) and Depreciation (+€19,641)
- Reserves +€76,500
up €76,500 (+28.8%), from €265,700 to €342,200
- Financial income +€15,895
up €15,895 (+239%), from €6,643 to €22,538
- Gross operating margin +€13,532
up €13,532 (+14.7%), from €91,810 to €105,342
- Taxes +€6,013
up €6,013 (+25.4%), from €23,669 to €29,682
- Depreciation -€1,483
down €1,483 (-7.0%), from €21,125 to €19,641
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 | €302,153 | €378,554 | +€76,401 | +25.3% |
| Fixed assets | 21/28 | €57,028 | €39,648 | -€17,381 | -30.5% |
| Tangible fixed assets | 22/27 | €56,628 | €39,248 | -€17,381 | -30.7% |
| Plant, machinery and equipment | 23 | €3,945 | €4,118 | +€174 | +4.4% |
| Furniture and vehicles | 24 | €52,684 | €35,129 | -€17,554 | -33.3% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €245,125 | €338,906 | +€93,781 | +38.3% |
| Amounts receivable within one year | 40/41 | €25,569 | €26,601 | +€1,032 | +4.0% |
| Trade receivables | 40 | €2,568 | €0 | -€2,568 | -100% |
| Other amounts receivable | 41 | €23,001 | €26,601 | +€3,600 | +15.7% |
| Current investments | 50/53 | €88,652 | €168,652 | +€80,000 | +90.2% |
| Cash at bank and in hand | 54/58 | €130,758 | €143,653 | +€12,895 | +9.9% |
| Deferred charges and accrued income | 490/1 | €146 | €0 | -€146 | -100% |
| Total equity and liabilities | 10/49 | €302,153 | €378,554 | +€76,401 | +25.3% |
| Equity | 10/15 | €268,204 | €345,185 | +€76,981 | +28.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €265,700 | €342,200 | +€76,500 | +28.8% |
| Distributable reserves | 133 | €265,700 | €342,200 | +€76,500 | +28.8% |
| Profit (loss) carried forward | 14 | €1,504 | €1,985 | +€481 | +32.0% |
| Amounts payable | 17/49 | €33,949 | €33,369 | -€581 | -1.7% |
| Amounts payable within one year | 42/48 | €33,949 | €33,369 | -€581 | -1.7% |
| Trade debts | 44 | €3,834 | €1,621 | -€2,213 | -57.7% |
| Suppliers | 440/4 | €3,834 | €1,621 | -€2,213 | -57.7% |
| Taxes, remuneration and social security | 45 | €16,027 | €15,899 | -€128 | -0.8% |
| Taxes | 450/3 | €16,027 | €15,899 | -€128 | -0.8% |
| Other amounts payable | 47/48 | €14,089 | €15,849 | +€1,760 | +12.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,125 | €19,641 | -€1,483 | -7.0% |
| Other operating charges | 640/8 | €844 | €1,051 | +€208 | +24.6% |
| Gross operating margin | 9900 | €91,810 | €105,342 | +€13,532 | +14.7% |
| Operating profit (loss) | 9901 | €69,842 | €84,649 | +€14,808 | +21.2% |
| Financial income | 75/76B | €6,643 | €22,538 | +€15,895 | +239% |
| Recurring financial income | 75 | €6,643 | €22,538 | +€15,895 | +239% |
| Financial charges | 65/66B | €487 | €524 | +€38 | +7.7% |
| Recurring financial charges | 65 | €487 | €524 | +€38 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | €75,998 | €106,663 | +€30,665 | +40.3% |
| Income taxes | 67/77 | €23,669 | €29,682 | +€6,013 | +25.4% |
| Profit (loss) for the period | 9904 | €52,330 | €76,981 | +€24,652 | +47.1% |
| Profit (loss) for the period to be appropriated | 9905 | €52,330 | €76,981 | +€24,652 | +47.1% |
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.