IND BREWERIES: what changed
Two fiscal 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.
IND BREWERIES
Largest movements
- Receivables within one year +€143,300
up €143,300 (+751.1%), from €19,079 to €162,379
of which Other amounts receivable: +€79,939
- Cash -€99,421
down €99,421 (-21.3%), from €467,218 to €367,796
mainly Receivables within one year (-€143,300) and Investment in fixed assets (net) (-€116,668)
- Tangible fixed assets +€59,442
up €59,442 (+30.7%), from €193,359 to €252,801
of which Other tangible fixed assets: +€68,461
- Stocks and contracts -€13,659
down €13,659 (-25.6%), from €53,329 to €39,669
- Intangible fixed assets -€10,000
down €10,000 (-33.3%), from €30,000 to €20,000
- Reserves +€100,000
up €100,000 (+34.7%), from €288,000 to €388,000
- Other debts +€25,906
up €25,906 (+826.7%), from €3,134 to €29,040
- Tax, wage and social debts -€22,062
down €22,062 (-6.8%), from €324,535 to €302,473
of which Taxes: -€70,310
- Debts after one year -€15,552
no longer reported in 2025 (was €15,552)
- Staff costs +€347,378
up €347,378 (+26.1%), from €1.3m to €1.7m
- Gross operating margin +€215,611
up €215,611 (+12.4%), from €1.7m to €2.0m
- Taxes -€35,202
down €35,202 (-32.5%), from €108,308 to €73,106
- Depreciation +€20,055
up €20,055 (+42.5%), from €47,171 to €67,226
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 | €818,210 | €899,605 | +€81,395 | +9.9% |
| Fixed assets | 21/28 | €242,839 | €292,281 | +€49,442 | +20.4% |
| Intangible fixed assets | 21 | €30,000 | €20,000 | -€10,000 | -33.3% |
| Tangible fixed assets | 22/27 | €193,359 | €252,801 | +€59,442 | +30.7% |
| Plant, machinery and equipment | 23 | €41,229 | €45,851 | +€4,622 | +11.2% |
| Furniture and vehicles | 24 | €72,792 | €59,150 | -€13,642 | -18.7% |
| Other tangible fixed assets | 26 | €79,338 | €147,800 | +€68,461 | +86.3% |
| Financial fixed assets | 28 | €19,480 | €19,480 | = | 0.0% |
| Current assets | 29/58 | €575,371 | €607,324 | +€31,953 | +5.6% |
| Stocks and contracts in progress | 3 | €53,329 | €39,669 | -€13,659 | -25.6% |
| Stocks | 30/36 | €53,329 | €39,669 | -€13,659 | -25.6% |
| Amounts receivable within one year | 40/41 | €19,079 | €162,379 | +€143,300 | +751.1% |
| Trade receivables | 40 | €19,079 | €82,440 | +€63,361 | +332.1% |
| Other amounts receivable | 41 | - | €79,939 | +€79,939 | |
| Cash at bank and in hand | 54/58 | €467,218 | €367,796 | -€99,421 | -21.3% |
| Deferred charges and accrued income | 490/1 | €35,746 | €37,480 | +€1,734 | +4.8% |
| Total equity and liabilities | 10/49 | €818,210 | €899,605 | +€81,395 | +9.9% |
| Equity | 10/15 | €342,304 | €446,514 | +€104,210 | +30.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €288,000 | €388,000 | +€100,000 | +34.7% |
| Distributable reserves | 133 | €288,000 | €388,000 | +€100,000 | +34.7% |
| Profit (loss) carried forward | 14 | €33,844 | €38,054 | +€4,210 | +12.4% |
| Amounts payable | 17/49 | €475,906 | €453,091 | -€22,815 | -4.8% |
| Amounts payable after more than one year | 17 | €15,552 | - | -€15,552 | |
| Financial debts | 170/4 | €15,552 | - | -€15,552 | |
| Amounts payable within one year | 42/48 | €440,495 | €437,367 | -€3,128 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €18,365 | €15,552 | -€2,814 | -15.3% |
| Trade debts | 44 | €94,461 | €90,302 | -€4,159 | -4.4% |
| Suppliers | 440/4 | €94,461 | €90,302 | -€4,159 | -4.4% |
| Taxes, remuneration and social security | 45 | €324,535 | €302,473 | -€22,062 | -6.8% |
| Taxes | 450/3 | €189,743 | €119,433 | -€70,310 | -37.1% |
| Remuneration and social security | 454/9 | €134,792 | €183,041 | +€48,248 | +35.8% |
| Other amounts payable | 47/48 | €3,134 | €29,040 | +€25,906 | +826.7% |
| Accrued charges and deferred income | 492/3 | €19,859 | €15,724 | -€4,135 | -20.8% |
| Non-recurring operating income | 76A | - | €9,245 | +€9,245 | |
| Remuneration, social security and pensions | 62 | €1,329,932 | €1,677,311 | +€347,378 | +26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,171 | €67,226 | +€20,055 | +42.5% |
| Other operating charges | 640/8 | €13,855 | €4,606 | -€9,249 | -66.8% |
| Non-recurring operating charges | 66A | €2,833 | €875 | -€1,957 | -69.1% |
| Gross operating margin | 9900 | €1,744,609 | €1,960,221 | +€215,611 | +12.4% |
| Operating profit (loss) | 9901 | €350,819 | €210,203 | -€140,616 | -40.1% |
| Financial income | 75/76B | €473 | €34 | -€439 | -92.9% |
| Recurring financial income | 75 | €473 | €34 | -€439 | -92.9% |
| Financial charges | 65/66B | €50,209 | €32,921 | -€17,289 | -34.4% |
| Recurring financial charges | 65 | €50,209 | €32,921 | -€17,289 | -34.4% |
| Profit (loss) for the period before taxes | 9903 | €301,082 | €177,316 | -€123,766 | -41.1% |
| Income taxes | 67/77 | €108,308 | €73,106 | -€35,202 | -32.5% |
| Profit (loss) for the period | 9904 | €192,774 | €104,210 | -€88,564 | -45.9% |
| Profit (loss) for the period to be appropriated | 9905 | €192,774 | €104,210 | -€88,564 | -45.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.