SHAKES AND BREWS: 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.
SHAKES AND BREWS
Largest movements
- Receivables within one year +€29,313
up €29,313 (+124%), from €23,707 to €53,020
of which Trade receivables: +€34,419
- Tangible fixed assets +€24,864
up €24,864 (+163%), from €15,285 to €40,149
of which Furniture and vehicles: +€24,220
- Cash +€10,456
up €10,456 (+32.6%), from €32,080 to €42,536
mainly Other debts (+€223,079) and Trade debts (+€44,896)
- Intangible fixed assets -€1,800
down €1,800 (-13.7%), from €13,102 to €11,302
- Other debts +€223,079
up €223,079 (+249%), from €89,500 to €312,579
- Profit (loss) carried forward -€219,439
down €219,439 (-426%), from -€51,479 to -€270,918
- Trade debts +€44,896
up €44,896 (+413%), from €10,882 to €55,778
- Tax, wage and social debts +€15,462
up €15,462 (+543%), from €2,849 to €18,311
of which Remuneration and social security: +€15,036
- Staff costs +€97,236
up €97,236 (+471%), from €20,655 to €117,891
- Gross operating margin -€61,515
down €61,515 (-209%), from -€29,413 to -€90,929
- Depreciation +€7,206
up €7,206 (+571%), from €1,261 to €8,467
- Financial charges +€1,017
up €1,017 (+754%), from €135 to €1,152
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 | €101,753 | €165,770 | +€64,017 | +62.9% |
| Fixed assets | 21/28 | €45,573 | €68,637 | +€23,064 | +50.6% |
| Intangible fixed assets | 21 | €13,102 | €11,302 | -€1,800 | -13.7% |
| Tangible fixed assets | 22/27 | €15,285 | €40,149 | +€24,864 | +163% |
| Plant, machinery and equipment | 23 | €14,349 | €15,098 | +€749 | +5.2% |
| Furniture and vehicles | 24 | - | €24,220 | +€24,220 | |
| Other tangible fixed assets | 26 | €936 | €831 | -€105 | -11.3% |
| Financial fixed assets | 28 | €17,186 | €17,186 | = | 0.0% |
| Current assets | 29/58 | €56,180 | €97,133 | +€40,954 | +72.9% |
| Stocks and contracts in progress | 3 | - | €1,494 | +€1,494 | |
| Stocks | 30/36 | - | €1,494 | +€1,494 | |
| Amounts receivable within one year | 40/41 | €23,707 | €53,020 | +€29,313 | +124% |
| Trade receivables | 40 | €9 | €34,429 | +€34,419 | +374,124% |
| Other amounts receivable | 41 | €23,698 | €18,591 | -€5,107 | -21.5% |
| Cash at bank and in hand | 54/58 | €32,080 | €42,536 | +€10,456 | +32.6% |
| Deferred charges and accrued income | 490/1 | €392 | €83 | -€309 | -78.8% |
| Total equity and liabilities | 10/49 | €101,753 | €165,770 | +€64,017 | +62.9% |
| Equity | 10/15 | -€1,479 | -€220,918 | -€219,439 | -14,837% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,479 | -€270,918 | -€219,439 | -426% |
| Amounts payable | 17/49 | €103,232 | €386,688 | +€283,456 | +275% |
| Amounts payable within one year | 42/48 | €103,232 | €386,668 | +€283,436 | +275% |
| Trade debts | 44 | €10,882 | €55,778 | +€44,896 | +413% |
| Suppliers | 440/4 | €10,882 | €55,778 | +€44,896 | +413% |
| Taxes, remuneration and social security | 45 | €2,849 | €18,311 | +€15,462 | +543% |
| Taxes | 450/3 | - | €426 | +€426 | |
| Remuneration and social security | 454/9 | €2,849 | €17,885 | +€15,036 | +528% |
| Other amounts payable | 47/48 | €89,500 | €312,579 | +€223,079 | +249% |
| Accrued charges and deferred income | 492/3 | - | €20 | +€20 | |
| Remuneration, social security and pensions | 62 | €20,655 | €117,891 | +€97,236 | +471% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,261 | €8,467 | +€7,206 | +571% |
| Other operating charges | 640/8 | €637 | €1,230 | +€593 | +93.1% |
| Gross operating margin | 9900 | -€29,413 | -€90,929 | -€61,515 | -209% |
| Operating profit (loss) | 9901 | -€51,967 | -€218,517 | -€166,550 | -320% |
| Financial income | 75/76B | €623 | €230 | -€393 | -63.0% |
| Recurring financial income | 75 | €623 | €230 | -€393 | -63.0% |
| Financial charges | 65/66B | €135 | €1,152 | +€1,017 | +754% |
| Recurring financial charges | 65 | €135 | €1,152 | +€1,017 | +754% |
| Profit (loss) for the period before taxes | 9903 | -€51,479 | -€219,439 | -€167,960 | -326% |
| Profit (loss) for the period | 9904 | -€51,479 | -€219,439 | -€167,960 | -326% |
| Profit (loss) for the period to be appropriated | 9905 | -€51,479 | -€219,439 | -€167,960 | -326% |
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 16 October 2026 via checked.be.