LA BIERLAIRE: 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.
LA BIERLAIRE
Largest movements
- Tangible fixed assets -€17,594
down €17,594 (-1.7%), from €1.0m to €1.0m
of which Other tangible fixed assets: -€17,594
- Profit (loss) carried forward -€45,128
down €45,128 (-28.2%), from -€160,119 to -€205,247
- Short-term financial debts +€13,807
up €13,807 (+12.9%), from €106,809 to €120,616
- Gross operating margin -€5,559
down €5,559 (-34.2%), from €16,276 to €10,717
- Taxes -€2,702
no longer reported in 2025 (was €2,702)
- Depreciation +€2,560
up €2,560 (+6.3%), from €40,497 to €43,057
- Financial charges -€1,170
down €1,170 (-21.5%), from €5,443 to €4,273
- Other operating charges +€258
up €258 (+3.1%), from €8,257 to €8,516
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 | €1,169,208 | €1,141,636 | -€27,573 | -2.4% |
| Fixed assets | 21/28 | €1,024,796 | €1,007,202 | -€17,594 | -1.7% |
| Tangible fixed assets | 22/27 | €1,024,796 | €1,007,202 | -€17,594 | -1.7% |
| Land and buildings | 22 | €417,600 | €417,600 | = | 0.0% |
| Other tangible fixed assets | 26 | €607,196 | €589,602 | -€17,594 | -2.9% |
| Current assets | 29/58 | €144,412 | €134,433 | -€9,979 | -6.9% |
| Amounts receivable within one year | 40/41 | €94,894 | €93,444 | -€1,450 | -1.5% |
| Trade receivables | 40 | €94,894 | €93,444 | -€1,450 | -1.5% |
| Cash at bank and in hand | 54/58 | €43,565 | €34,868 | -€8,697 | -20.0% |
| Deferred charges and accrued income | 490/1 | €5,954 | €6,122 | +€168 | +2.8% |
| Total equity and liabilities | 10/49 | €1,169,208 | €1,141,636 | -€27,573 | -2.4% |
| Equity | 10/15 | €1,039,881 | €994,753 | -€45,128 | -4.3% |
| Contributions | 10/11 | €1,200,000 | €1,200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€160,119 | -€205,247 | -€45,128 | -28.2% |
| Amounts payable | 17/49 | €129,327 | €146,883 | +€17,555 | +13.6% |
| Amounts payable within one year | 42/48 | €128,832 | €146,434 | +€17,601 | +13.7% |
| Financial debts | 43 | €106,809 | €120,616 | +€13,807 | +12.9% |
| Other loans | 439 | €106,809 | €120,616 | +€13,807 | +12.9% |
| Trade debts | 44 | €19,322 | €25,817 | +€6,496 | +33.6% |
| Suppliers | 440/4 | €19,322 | €25,817 | +€6,496 | +33.6% |
| Taxes, remuneration and social security | 45 | €2,702 | - | -€2,702 | |
| Taxes | 450/3 | €2,702 | - | -€2,702 | |
| Accrued charges and deferred income | 492/3 | €495 | €449 | -€46 | -9.2% |
| Non-recurring operating income | 76A | €6,060 | - | -€6,060 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,497 | €43,057 | +€2,560 | +6.3% |
| Other operating charges | 640/8 | €8,257 | €8,516 | +€258 | +3.1% |
| Non-recurring operating charges | 66A | €203 | - | -€203 | |
| Gross operating margin | 9900 | €16,276 | €10,717 | -€5,559 | -34.2% |
| Operating profit (loss) | 9901 | -€32,682 | -€40,855 | -€8,173 | -25.0% |
| Financial charges | 65/66B | €5,443 | €4,273 | -€1,170 | -21.5% |
| Recurring financial charges | 65 | €5,443 | €4,273 | -€1,170 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | -€38,125 | -€45,128 | -€7,003 | -18.4% |
| Income taxes | 67/77 | €2,702 | - | -€2,702 | |
| Profit (loss) for the period | 9904 | -€40,827 | -€45,128 | -€4,301 | -10.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,827 | -€45,128 | -€4,301 | -10.5% |
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 1 November 2026 via checked.be.