SAKO BREWERY: 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.
SAKO BREWERY
Largest movements
- Stocks and contracts +€39,079
up €39,079 (+67.4%), from €57,941 to €97,020
- Tangible fixed assets +€26,574
up €26,574 (+70.6%), from €37,630 to €64,204
- Deferred charges and accrued income +€8,180
new in 2025: €8,180
- Receivables within one year -€5,460
down €5,460 (-25.5%), from €21,450 to €15,990
of which Trade receivables: -€3,622
- Other debts +€64,980
up €64,980 (+145%), from €44,817 to €109,796
- Trade debts -€32,362
down €32,362 (-50.7%), from €63,888 to €31,527
- Debts after one year +€22,575
new in 2025: €22,575
- Tax, wage and social debts +€14,183
up €14,183 (+88.6%), from €16,010 to €30,193
of which Taxes: +€15,704
- Profit (loss) carried forward -€7,822
down €7,822 (-14.3%), from -€54,614 to -€62,436
- Gross operating margin +€65,243
up €65,243, from -€36,628 to €28,614
- Staff costs -€35,207
down €35,207 (-78.6%), from €44,770 to €9,563
- Taxes +€18,034
up €18,034, from -€1,900 to €16,135
- Depreciation +€4,688
up €4,688 (+117%), from €3,994 to €8,682
- Financial charges +€1,642
up €1,642 (+1,519%), from €108 to €1,750
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 | €120,101 | €188,643 | +€68,542 | +57.1% |
| Formation expenses | 20 | €809 | €539 | -€270 | -33.4% |
| Fixed assets | 21/28 | €37,750 | €64,224 | +€26,474 | +70.1% |
| Tangible fixed assets | 22/27 | €37,630 | €64,204 | +€26,574 | +70.6% |
| Plant, machinery and equipment | 23 | €37,630 | €64,204 | +€26,574 | +70.6% |
| Financial fixed assets | 28 | €120 | €20 | -€100 | -83.3% |
| Current assets | 29/58 | €81,542 | €123,880 | +€42,338 | +51.9% |
| Stocks and contracts in progress | 3 | €57,941 | €97,020 | +€39,079 | +67.4% |
| Stocks | 30/36 | €57,941 | €97,020 | +€39,079 | +67.4% |
| Amounts receivable within one year | 40/41 | €21,450 | €15,990 | -€5,460 | -25.5% |
| Trade receivables | 40 | €14,661 | €11,039 | -€3,622 | -24.7% |
| Other amounts receivable | 41 | €6,789 | €4,950 | -€1,839 | -27.1% |
| Cash at bank and in hand | 54/58 | €2,151 | €2,691 | +€540 | +25.1% |
| Deferred charges and accrued income | 490/1 | - | €8,180 | +€8,180 | |
| Total equity and liabilities | 10/49 | €120,101 | €188,643 | +€68,542 | +57.1% |
| Equity | 10/15 | -€4,614 | -€12,436 | -€7,822 | -170% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€54,614 | -€62,436 | -€7,822 | -14.3% |
| Amounts payable | 17/49 | €124,715 | €201,079 | +€76,364 | +61.2% |
| Amounts payable after more than one year | 17 | - | €22,575 | +€22,575 | |
| Financial debts | 170/4 | - | €22,575 | +€22,575 | |
| Amounts payable within one year | 42/48 | €124,715 | €178,504 | +€53,789 | +43.1% |
| Current portion of amounts payable after more than one year | 42 | - | €5,606 | +€5,606 | |
| Financial debts | 43 | - | €1,383 | +€1,383 | |
| Credit institutions | 430/8 | - | €1,383 | +€1,383 | |
| Trade debts | 44 | €63,888 | €31,527 | -€32,362 | -50.7% |
| Suppliers | 440/4 | €63,888 | €31,527 | -€32,362 | -50.7% |
| Taxes, remuneration and social security | 45 | €16,010 | €30,193 | +€14,183 | +88.6% |
| Taxes | 450/3 | €13,002 | €28,706 | +€15,704 | +121% |
| Remuneration and social security | 454/9 | €3,009 | €1,487 | -€1,522 | -50.6% |
| Other amounts payable | 47/48 | €44,817 | €109,796 | +€64,980 | +145% |
| Non-recurring operating income | 76A | €0 | €11,048 | +€11,048 | |
| Remuneration, social security and pensions | 62 | €44,770 | €9,563 | -€35,207 | -78.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,994 | €8,682 | +€4,688 | +117% |
| Other operating charges | 640/8 | €463 | €306 | -€156 | -33.8% |
| Gross operating margin | 9900 | -€36,628 | €28,614 | +€65,243 | |
| Operating profit (loss) | 9901 | -€85,855 | €10,063 | +€95,918 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +414% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +414% |
| Financial charges | 65/66B | €108 | €1,750 | +€1,642 | +1,519% |
| Recurring financial charges | 65 | €108 | €1,750 | +€1,642 | +1,519% |
| Profit (loss) for the period before taxes | 9903 | -€85,963 | €8,313 | +€94,276 | |
| Income taxes | 67/77 | -€1,900 | €16,135 | +€18,034 | |
| Profit (loss) for the period | 9904 | -€84,063 | -€7,822 | +€76,242 | +90.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€84,063 | -€7,822 | +€76,242 | +90.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.