KUKE 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.
KUKE BREWERIES
Largest movements
- Receivables within one year -€38,460
down €38,460 (-57.0%), from €67,513 to €29,053
of which Trade receivables: -€40,318
- Stocks and contracts -€3,013
down €3,013 (-85.7%), from €3,517 to €504
- Trade debts -€27,533
down €27,533 (-76.2%), from €36,119 to €8,586
- Current portion of long-term debt -€17,378
down €17,378 (-44.0%), from €39,468 to €22,090
- Other debts +€15,299
up €15,299 (+9.3%), from €163,775 to €179,074
- Profit (loss) carried forward -€12,340
down €12,340 (-7.4%), from -€167,014 to -€179,354
- Gross operating margin -€2,792
down €2,792 (-99.2%), from €2,815 to €23
- Other operating charges -€1,622
down €1,622 (-21.3%), from €7,617 to €5,995
- Staff costs +€1,381
up €1,381 (+41.3%), from €3,340 to €4,721
- Depreciation -€835
down €835 (-55.2%), from €1,512 to €677
- Financial charges +€392
up €392 (+67.8%), from €578 to €970
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 | €72,713 | €30,397 | -€42,316 | -58.2% |
| Fixed assets | 21/28 | €1,354 | €677 | -€677 | -50.0% |
| Tangible fixed assets | 22/27 | €1,354 | €677 | -€677 | -50.0% |
| Plant, machinery and equipment | 23 | €1,354 | €677 | -€677 | -50.0% |
| Current assets | 29/58 | €71,359 | €29,720 | -€41,639 | -58.4% |
| Stocks and contracts in progress | 3 | €3,517 | €504 | -€3,013 | -85.7% |
| Stocks | 30/36 | €3,517 | €504 | -€3,013 | -85.7% |
| Amounts receivable within one year | 40/41 | €67,513 | €29,053 | -€38,460 | -57.0% |
| Trade receivables | 40 | €67,513 | €27,195 | -€40,318 | -59.7% |
| Other amounts receivable | 41 | - | €1,858 | +€1,858 | |
| Cash at bank and in hand | 54/58 | €329 | €163 | -€166 | -50.5% |
| Total equity and liabilities | 10/49 | €72,713 | €30,397 | -€42,316 | -58.2% |
| Equity | 10/15 | -€167,013 | -€179,353 | -€12,340 | -7.4% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€167,014 | -€179,354 | -€12,340 | -7.4% |
| Amounts payable | 17/49 | €239,726 | €209,750 | -€29,976 | -12.5% |
| Amounts payable within one year | 42/48 | €239,726 | €209,750 | -€29,976 | -12.5% |
| Current portion of amounts payable after more than one year | 42 | €39,468 | €22,090 | -€17,378 | -44.0% |
| Trade debts | 44 | €36,119 | €8,586 | -€27,533 | -76.2% |
| Suppliers | 440/4 | €36,119 | €8,586 | -€27,533 | -76.2% |
| Taxes, remuneration and social security | 45 | €364 | - | -€364 | |
| Taxes | 450/3 | €364 | - | -€364 | |
| Other amounts payable | 47/48 | €163,775 | €179,074 | +€15,299 | +9.3% |
| Remuneration, social security and pensions | 62 | €3,340 | €4,721 | +€1,381 | +41.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,512 | €677 | -€835 | -55.2% |
| Other operating charges | 640/8 | €7,617 | €5,995 | -€1,622 | -21.3% |
| Gross operating margin | 9900 | €2,815 | €23 | -€2,792 | -99.2% |
| Operating profit (loss) | 9901 | -€9,654 | -€11,370 | -€1,716 | -17.8% |
| Financial charges | 65/66B | €578 | €970 | +€392 | +67.8% |
| Recurring financial charges | 65 | €578 | €970 | +€392 | +67.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,232 | -€12,340 | -€2,108 | -20.6% |
| Profit (loss) for the period | 9904 | -€10,232 | -€12,340 | -€2,108 | -20.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,232 | -€12,340 | -€2,108 | -20.6% |
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 7 October 2026 via checked.be.