NAEJ'S BEER: 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.
NAEJ'S BEER
Largest movements
- Cash -€13,767
down €13,767 (-49.1%), from €28,065 to €14,298
mainly Stocks and contracts (-€5,421) and Investment in fixed assets (net) (-€5,000)
- Receivables within one year -€7,761
down €7,761 (-70.6%), from €10,996 to €3,235
- Stocks and contracts +€5,421
up €5,421 (+213%), from €2,542 to €7,963
- Tangible fixed assets +€4,274
up €4,274 (+78.0%), from €5,478 to €9,752
of which Assets under construction and advance payments: +€5,000
- Deferred charges and accrued income +€4,008
up €4,008 (+1,004%), from €399 to €4,407
- Profit (loss) carried forward -€3,945
down €3,945 (-34.0%), from €11,613 to €7,668
- Tax, wage and social debts -€2,513
down €2,513 (-63.4%), from €3,965 to €1,452
- Trade debts -€981
down €981 (-35.2%), from €2,784 to €1,803
- Gross operating margin -€24,107
down €24,107, from €21,073 to -€3,034
- Taxes -€2,989
down €2,989 (-100%), from €2,989 to €0
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €47,480 | €39,655 | -€7,825 | -16.5% |
| Fixed assets | 21/28 | €5,478 | €9,752 | +€4,274 | +78.0% |
| Tangible fixed assets | 22/27 | €5,478 | €9,752 | +€4,274 | +78.0% |
| Plant, machinery and equipment | 23 | €5,478 | €4,752 | -€726 | -13.3% |
| Assets under construction and advance payments | 27 | - | €5,000 | +€5,000 | |
| Current assets | 29/58 | €42,002 | €29,903 | -€12,099 | -28.8% |
| Stocks and contracts in progress | 3 | €2,542 | €7,963 | +€5,421 | +213% |
| Stocks | 30/36 | €2,542 | €7,963 | +€5,421 | +213% |
| Amounts receivable within one year | 40/41 | €10,996 | €3,235 | -€7,761 | -70.6% |
| Trade receivables | 40 | €10,996 | €3,235 | -€7,761 | -70.6% |
| Cash at bank and in hand | 54/58 | €28,065 | €14,298 | -€13,767 | -49.1% |
| Deferred charges and accrued income | 490/1 | €399 | €4,407 | +€4,008 | +1,004% |
| Total equity and liabilities | 10/49 | €47,480 | €39,655 | -€7,825 | -16.5% |
| Equity | 10/15 | €36,613 | €32,668 | -€3,945 | -10.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,613 | €7,668 | -€3,945 | -34.0% |
| Amounts payable | 17/49 | €10,868 | €6,987 | -€3,881 | -35.7% |
| Amounts payable within one year | 42/48 | €10,868 | €6,987 | -€3,881 | -35.7% |
| Trade debts | 44 | €2,784 | €1,803 | -€981 | -35.2% |
| Suppliers | 440/4 | €2,784 | €1,803 | -€981 | -35.2% |
| Taxes, remuneration and social security | 45 | €3,965 | €1,452 | -€2,513 | -63.4% |
| Taxes | 450/3 | €3,965 | €1,452 | -€2,513 | -63.4% |
| Other amounts payable | 47/48 | €4,118 | €3,731 | -€387 | -9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €726 | €726 | = | 0.0% |
| Other operating charges | 640/8 | €53 | €111 | +€58 | +111% |
| Gross operating margin | 9900 | €21,073 | -€3,034 | -€24,107 | |
| Operating profit (loss) | 9901 | €20,294 | -€3,871 | -€24,165 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €74 | €74 | +€0 | +0.4% |
| Recurring financial charges | 65 | €74 | €74 | +€0 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €20,221 | -€3,945 | -€24,165 | |
| Income taxes | 67/77 | €2,989 | €0 | -€2,989 | -100% |
| Profit (loss) for the period | 9904 | €17,231 | -€3,945 | -€21,176 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,231 | -€3,945 | -€21,176 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.