Who won the battle? What was the cost (in terms of lost produce)?

On the website of the College they were from they said:

While the students held a meeting in the courtyard, the fire department were able to bring out their ladder and get inside. Where the students were beaten by the police.

Nobody was prosecuted, because they had the public on their side. Many found the beatings to ask for cheaper beer going way too far.

Since 1950, they organize a parade every year in their honor. With a party at the end. Mostly for students.

There is also a song to commemorate (loosely translated): “Ghent roars with delight: the Gravensteen (the castle) occupied by students. They are inside, who will get them out? They fear neither club, nor water, nor fruit.”