Waterfields 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.
Waterfields Brewery
Largest movements
- Receivables within one year +€132,847
up €132,847 (+203%), from €65,535 to €198,382
of which Trade receivables: +€107,408
- Formation expenses +€18,513
new in 2025: €18,513
- Tangible fixed assets -€15,365
down €15,365 (-12.9%), from €118,794 to €103,429
of which Land and buildings: -€10,788
- Deferred charges and accrued income +€8,596
up €8,596 (+1,836%), from €468 to €9,065
- Trade debts +€199,156
up €199,156 (+395%), from €50,371 to €249,528
- Profit (loss) carried forward -€117,337
down €117,337 (-23.5%), from -€498,788 to -€616,125
- Other debts +€43,618
up €43,618 (+177%), from €24,671 to €68,290
- Short-term financial debts +€10,859
new in 2025: €10,859
- Current portion of long-term debt +€6,686
up €6,686 (+10.8%), from €62,157 to €68,842
- Gross operating margin +€90,627
up €90,627 (+75.2%), from -€120,502 to -€29,875
- Other operating charges +€29,202
up €29,202 (+8,849%), from €330 to €29,532
- Financial charges +€17,388
up €17,388 (+399%), from €4,357 to €21,745
- Depreciation +€12,086
up €12,086 (+50.2%), from €24,082 to €36,168
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 | €356,123 | €504,897 | +€148,774 | +41.8% |
| Formation expenses | 20 | - | €18,513 | +€18,513 | |
| Fixed assets | 21/28 | €155,806 | €139,577 | -€16,228 | -10.4% |
| Intangible fixed assets | 21 | €37,011 | €34,348 | -€2,663 | -7.2% |
| Tangible fixed assets | 22/27 | €118,794 | €103,429 | -€15,365 | -12.9% |
| Land and buildings | 22 | €10,788 | €0 | -€10,788 | -100% |
| Plant, machinery and equipment | 23 | €96,624 | €86,375 | -€10,249 | -10.6% |
| Furniture and vehicles | 24 | €11,382 | €8,080 | -€3,302 | -29.0% |
| Other tangible fixed assets | 26 | - | €8,974 | +€8,974 | |
| Financial fixed assets | 28 | - | €1,800 | +€1,800 | |
| Current assets | 29/58 | €200,318 | €346,807 | +€146,489 | +73.1% |
| Stocks and contracts in progress | 3 | €94,861 | €98,899 | +€4,038 | +4.3% |
| Stocks | 30/36 | €94,861 | €98,899 | +€4,038 | +4.3% |
| Amounts receivable within one year | 40/41 | €65,535 | €198,382 | +€132,847 | +203% |
| Trade receivables | 40 | €45,049 | €152,456 | +€107,408 | +238% |
| Other amounts receivable | 41 | €20,486 | €45,925 | +€25,439 | +124% |
| Cash at bank and in hand | 54/58 | €39,453 | €40,462 | +€1,008 | +2.6% |
| Deferred charges and accrued income | 490/1 | €468 | €9,065 | +€8,596 | +1,836% |
| Total equity and liabilities | 10/49 | €356,123 | €504,897 | +€148,774 | +41.8% |
| Equity | 10/15 | €53,212 | -€61,832 | -€115,044 | |
| Contributions | 10/11 | €552,000 | €554,293 | +€2,293 | +0.4% |
| Profit (loss) carried forward | 14 | -€498,788 | -€616,125 | -€117,337 | -23.5% |
| Amounts payable | 17/49 | €302,911 | €566,729 | +€263,818 | +87.1% |
| Amounts payable after more than one year | 17 | €165,712 | €168,317 | +€2,605 | +1.6% |
| Financial debts | 170/4 | €165,712 | €168,317 | +€2,605 | +1.6% |
| Amounts payable within one year | 42/48 | €137,199 | €397,813 | +€260,614 | +190% |
| Current portion of amounts payable after more than one year | 42 | €62,157 | €68,842 | +€6,686 | +10.8% |
| Financial debts | 43 | - | €10,859 | +€10,859 | |
| Credit institutions | 430/8 | - | €10,859 | +€10,859 | |
| Trade debts | 44 | €50,371 | €249,528 | +€199,156 | +395% |
| Suppliers | 440/4 | €50,371 | €249,528 | +€199,156 | +395% |
| Advances received on contracts in progress | 46 | - | €294 | +€294 | |
| Other amounts payable | 47/48 | €24,671 | €68,290 | +€43,618 | +177% |
| Accrued charges and deferred income | 492/3 | - | €599 | +€599 | |
| Remuneration, social security and pensions | 62 | €516 | €46 | -€470 | -91.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,082 | €36,168 | +€12,086 | +50.2% |
| Other operating charges | 640/8 | €330 | €29,532 | +€29,202 | +8,849% |
| Non-recurring operating charges | 66A | - | €54 | +€54 | |
| Gross operating margin | 9900 | -€120,502 | -€29,875 | +€90,627 | +75.2% |
| Operating profit (loss) | 9901 | -€145,429 | -€95,675 | +€49,754 | +34.2% |
| Financial income | 75/76B | - | €82 | +€82 | |
| Recurring financial income | 75 | - | €82 | +€82 | |
| Financial charges | 65/66B | €4,357 | €21,745 | +€17,388 | +399% |
| Recurring financial charges | 65 | €4,357 | €21,745 | +€17,388 | +399% |
| Profit (loss) for the period before taxes | 9903 | -€149,787 | -€117,337 | +€32,449 | +21.7% |
| Profit (loss) for the period | 9904 | -€149,787 | -€117,337 | +€32,449 | +21.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€149,787 | -€117,337 | +€32,449 | +21.7% |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.