BELGIAN BEVERAGES: 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.
What changed
BELGIAN BEVERAGES
NACE 46.349, Wholesale of beverages, general range
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€15,131
2024 · €16,763-€1,632
Equity
€1.6m
2024 · €1.6m+€9,670
Cash
€1.5m
2024 · €2.2m-€686,741
Balance sheet total
€7.1m
2024 · €7.8m-€712,298
Largest movements
Assets
- Cash -€686,741
down €686,741 (-31.8%), from €2.2m to €1.5m
mainly Other debts (-€450,000) and Stocks and contracts (-€380,561)
- Receivables within one year -€390,912
down €390,912 (-7.7%), from €5.0m to €4.7m
of which Trade receivables: -€395,758
- Stocks and contracts +€380,561
up €380,561 (+76.9%), from €495,126 to €875,687
Equity and liabilities
- Other debts -€450,000
no longer reported in 2025 (was €450,000)
- Trade debts -€207,250
down €207,250 (-3.7%), from €5.6m to €5.4m
Income statement
No income-statement line moved by more than 1% of the activity.
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.
Result 2024
€16,763
Turnover
+€146,582
Other operating income
+€60,915
Goods and materials
-€165,638
Services and other goods
-€144,331
Staff costs
+€93,279
Depreciation
-€8,319
Other operating charges
-€1,818
Other operating items
-€60
Financial income
-€3,944
Financial charges
+€12,263
Taxes
+€9,439
Result 2025
€15,131
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€668,797
Investment
-€12,483
Financing
-€5,461
Cash 2024
€2.2m
From operations (derived)
-€668,797
Net result for the year
+€15,131
Depreciation
+€26,974
Stocks and contracts
-€380,561
Receivables within one year
+€390,912
Deferred charges and accrued income
+€714
Trade debts
-€207,250
Tax, wage and social debts
-€11,693
Other debts
-€450,000
Accrued charges and deferred income
-€53,024
Investment (derived)
-€12,483
Investment in fixed assets (net)
-€12,483
Financing
-€5,461
Contributions, distributions and other
-€5,461
Cash 2025
€1.5m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,795,910 | €7,083,612 | -€712,298 | -9.1% |
| Fixed assets | 21/28 | €85,982 | €71,491 | -€14,491 | -16.9% |
| Intangible fixed assets | 21 | €36,867 | €32,997 | -€3,870 | -10.5% |
| Tangible fixed assets | 22/27 | €41,315 | €30,694 | -€10,621 | -25.7% |
| Plant, machinery and equipment | 23 | €1,541 | €2,414 | +€873 | +56.6% |
| Furniture and vehicles | 24 | €29,045 | €19,016 | -€10,030 | -34.5% |
| Other tangible fixed assets | 26 | €10,729 | €9,265 | -€1,464 | -13.6% |
| Financial fixed assets | 28 | €7,800 | €7,800 | = | 0.0% |
| Other financial fixed assets | 284/8 | €7,800 | €7,800 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €7,800 | €7,800 | = | 0.0% |
| Current assets | 29/58 | €7,709,928 | €7,012,121 | -€697,807 | -9.1% |
| Stocks and contracts in progress | 3 | €495,126 | €875,687 | +€380,561 | +76.9% |
| Stocks | 30/36 | €495,126 | €875,687 | +€380,561 | +76.9% |
| Goods purchased for resale | 34 | €495,126 | €875,687 | +€380,561 | +76.9% |
| Amounts receivable within one year | 40/41 | €5,048,847 | €4,657,934 | -€390,912 | -7.7% |
| Trade receivables | 40 | €5,039,028 | €4,643,270 | -€395,758 | -7.9% |
| Other amounts receivable | 41 | €9,819 | €14,664 | +€4,846 | +49.4% |
| Cash at bank and in hand | 54/58 | €2,162,624 | €1,475,883 | -€686,741 | -31.8% |
| Deferred charges and accrued income | 490/1 | €3,331 | €2,617 | -€714 | -21.4% |
| Total equity and liabilities | 10/49 | €7,795,910 | €7,083,612 | -€712,298 | -9.1% |
| Equity | 10/15 | €1,609,774 | €1,619,443 | +€9,670 | +0.6% |
| Contributions | 10/11 | €87,500 | €85,000 | -€2,500 | -2.9% |
| Reserves | 13 | €1,522,274 | €1,534,443 | +€12,170 | +0.8% |
| Non-distributable reserves | 130/1 | €11,000 | €11,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,000 | €11,000 | = | 0.0% |
| Distributable reserves | 133 | €1,511,274 | €1,523,443 | +€12,170 | +0.8% |
| Amounts payable | 17/49 | €6,186,137 | €5,464,169 | -€721,967 | -11.7% |
| Amounts payable within one year | 42/48 | €6,133,112 | €5,464,169 | -€668,943 | -10.9% |
| Trade debts | 44 | €5,578,730 | €5,371,480 | -€207,250 | -3.7% |
| Suppliers | 440/4 | €5,578,730 | €5,371,480 | -€207,250 | -3.7% |
| Taxes, remuneration and social security | 45 | €104,382 | €92,689 | -€11,693 | -11.2% |
| Taxes | 450/3 | €62,911 | €72,273 | +€9,362 | +14.9% |
| Remuneration and social security | 454/9 | €41,471 | €20,416 | -€21,055 | -50.8% |
| Other amounts payable | 47/48 | €450,000 | - | -€450,000 | |
| Accrued charges and deferred income | 492/3 | €53,024 | - | -€53,024 | |
| Operating income | 70/76A | €46,509,115 | €46,716,552 | +€207,437 | +0.4% |
| Turnover | 70 | €46,449,585 | €46,596,167 | +€146,582 | +0.3% |
| Other operating income | 74 | €59,470 | €120,385 | +€60,915 | +102% |
| Non-recurring operating income | 76A | €60 | - | -€60 | |
| Operating charges | 60/66A | €46,494,357 | €46,721,184 | +€226,827 | +0.5% |
| Goods for resale, raw materials and consumables | 60 | €45,281,356 | €45,446,994 | +€165,638 | +0.4% |
| Purchases | 600/8 | €45,041,322 | €45,827,554 | +€786,233 | +1.7% |
| Change in stocks: decrease (increase) | 609 | €240,034 | -€380,561 | -€620,595 | |
| Services and other goods | 61 | €889,050 | €1,033,382 | +€144,331 | +16.2% |
| Remuneration, social security and pensions | 62 | €303,705 | €210,426 | -€93,279 | -30.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,655 | €26,974 | +€8,319 | +44.6% |
| Other operating charges | 640/8 | €1,590 | €3,408 | +€1,818 | +114% |
| Operating profit (loss) | 9901 | €14,759 | -€4,632 | -€19,390 | |
| Financial income | 75/76B | €35,418 | €31,474 | -€3,944 | -11.1% |
| Recurring financial income | 75 | €35,418 | €31,474 | -€3,944 | -11.1% |
| Income from current assets | 751 | €7,303 | €2,298 | -€5,005 | -68.5% |
| Other financial income | 752/9 | €28,115 | €29,176 | +€1,061 | +3.8% |
| Financial charges | 65/66B | €21,248 | €8,985 | -€12,263 | -57.7% |
| Recurring financial charges | 65 | €21,248 | €8,985 | -€12,263 | -57.7% |
| Debt charges | 650 | €18,000 | €4,534 | -€13,466 | -74.8% |
| Other financial charges | 652/9 | €3,248 | €4,451 | +€1,203 | +37.1% |
| Profit (loss) for the period before taxes | 9903 | €28,929 | €17,857 | -€11,071 | -38.3% |
| Income taxes | 67/77 | €12,166 | €2,727 | -€9,439 | -77.6% |
| Taxes | 670/3 | €15,131 | €5,844 | -€9,287 | -61.4% |
| Tax adjustments and reversals of tax provisions | 77 | €2,965 | €3,117 | +€152 | +5.1% |
| Profit (loss) for the period | 9904 | €16,763 | €15,131 | -€1,632 | -9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,763 | €15,131 | -€1,632 | -9.7% |
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 26 October 2026 via checked.be.