BELGIUM DRINK: what changed
What changed
BELGIUM DRINK
NACE 46.215, Wholesale trade
filed annual accounts (NBB)
Net result for the year
€257,879
2024 · €169,017+€88,862
Equity
€731,542
2024 · €706,426+€25,116
Cash
€765,599
2024 · €661,646+€103,953
Balance sheet total
€4.6m
2024 · €3.7m+€900,865
Largest movements
Assets
- Receivables within one year +€644,368
up €644,368 (+44.8%), from €1.4m to €2.1m
of which Other amounts receivable: +€490,096
- Stocks and contracts +€135,258
up €135,258 (+14.4%), from €941,890 to €1.1m
of which Stocks: +€92,538
- Cash +€103,953
up €103,953 (+15.7%), from €661,646 to €765,599
mainly Trade debts (+€621,420) and Net result for the year (+€257,879)
Equity and liabilities
- Trade debts +€621,420
up €621,420 (+26.5%), from €2.3m to €3.0m
- Other debts +€253,918
up €253,918 (+229%), from €111,023 to €364,942
- Tax, wage and social debts +€57,832
up €57,832 (+84.7%), from €68,297 to €126,129
of which Taxes: +€64,744
- Debts after one year -€51,292
down €51,292 (-12.4%), from €414,892 to €363,601
Income statement
- Gross operating margin +€78,190
up €78,190 (+15.4%), from €506,810 to €585,000
- Taxes +€36,025
up €36,025 (+40.4%), from €89,067 to €125,092
- Staff costs -€31,833
down €31,833 (-18.4%), from €172,646 to €140,813
- Financial charges -€6,691
down €6,691 (-14.7%), from €45,415 to €38,724
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€169,017
Gross operating margin
+€78,190
Staff costs
+€31,833
Depreciation
+€4,515
Other operating charges
-€4,194
Other operating items
+€4,916
Financial income
+€2,937
Financial charges
+€6,691
Taxes
-€36,025
Result 2025
€257,879
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€393,287
Investment
€0
Financing
-€289,333
Cash 2024
€661,646
From operations (derived)
+€393,287
Net result for the year
+€257,879
Depreciation
+€11,565
Stocks and contracts
-€135,258
Receivables within one year
-€644,368
Deferred charges and accrued income
-€28,851
Trade debts
+€621,420
Tax, wage and social debts
+€57,832
Other debts
+€253,918
Accrued charges and deferred income
-€851
Financing
-€289,333
Debts after one year
-€51,292
Current portion of long-term debt
-€5,278
Contributions, distributions and other
-€232,763
Cash 2025
€765,599
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,714,770 | €4,615,635 | +€900,865 | +24.3% |
| Fixed assets | 21/28 | €619,141 | €607,576 | -€11,565 | -1.9% |
| Tangible fixed assets | 22/27 | €619,141 | €607,576 | -€11,565 | -1.9% |
| Land and buildings | 22 | €602,106 | €601,331 | -€775 | -0.1% |
| Furniture and vehicles | 24 | €17,035 | €6,245 | -€10,790 | -63.3% |
| Current assets | 29/58 | €3,095,629 | €4,008,059 | +€912,430 | +29.5% |
| Stocks and contracts in progress | 3 | €941,890 | €1,077,148 | +€135,258 | +14.4% |
| Stocks | 30/36 | €941,890 | €1,034,428 | +€92,538 | +9.8% |
| Contracts in progress | 37 | - | €42,720 | +€42,720 | |
| Amounts receivable within one year | 40/41 | €1,438,053 | €2,082,420 | +€644,368 | +44.8% |
| Trade receivables | 40 | €996,725 | €1,150,997 | +€154,272 | +15.5% |
| Other amounts receivable | 41 | €441,328 | €931,424 | +€490,096 | +111% |
| Cash at bank and in hand | 54/58 | €661,646 | €765,599 | +€103,953 | +15.7% |
| Deferred charges and accrued income | 490/1 | €54,040 | €82,891 | +€28,851 | +53.4% |
| Total equity and liabilities | 10/49 | €3,714,770 | €4,615,635 | +€900,865 | +24.3% |
| Equity | 10/15 | €706,426 | €731,542 | +€25,116 | +3.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €570,374 | €597,156 | +€26,782 | +4.7% |
| Distributable reserves | 133 | €570,374 | €597,156 | +€26,782 | +4.7% |
| Profit (loss) carried forward | 14 | €117,452 | €115,786 | -€1,666 | -1.4% |
| Amounts payable | 17/49 | €3,008,344 | €3,884,093 | +€875,749 | +29.1% |
| Amounts payable after more than one year | 17 | €414,892 | €363,601 | -€51,292 | -12.4% |
| Financial debts | 170/4 | €414,892 | €363,601 | -€51,292 | -12.4% |
| Amounts payable within one year | 42/48 | €2,592,601 | €3,520,492 | +€927,892 | +35.8% |
| Current portion of amounts payable after more than one year | 42 | €72,555 | €67,276 | -€5,278 | -7.3% |
| Trade debts | 44 | €2,340,726 | €2,962,146 | +€621,420 | +26.5% |
| Suppliers | 440/4 | €2,340,726 | €2,962,146 | +€621,420 | +26.5% |
| Taxes, remuneration and social security | 45 | €68,297 | €126,129 | +€57,832 | +84.7% |
| Taxes | 450/3 | €47,624 | €112,368 | +€64,744 | +136% |
| Remuneration and social security | 454/9 | €20,673 | €13,761 | -€6,912 | -33.4% |
| Other amounts payable | 47/48 | €111,023 | €364,942 | +€253,918 | +229% |
| Accrued charges and deferred income | 492/3 | €851 | - | -€851 | |
| Remuneration, social security and pensions | 62 | €172,646 | €140,813 | -€31,833 | -18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,080 | €11,565 | -€4,515 | -28.1% |
| Other operating charges | 640/8 | €9,668 | €13,863 | +€4,194 | +43.4% |
| Non-recurring operating charges | 66A | €4,916 | - | -€4,916 | |
| Gross operating margin | 9900 | €506,810 | €585,000 | +€78,190 | +15.4% |
| Operating profit (loss) | 9901 | €303,499 | €418,758 | +€115,259 | +38.0% |
| Financial income | 75/76B | - | €2,937 | +€2,937 | |
| Recurring financial income | 75 | - | €2,937 | +€2,937 | |
| Financial charges | 65/66B | €45,415 | €38,724 | -€6,691 | -14.7% |
| Recurring financial charges | 65 | €45,415 | €38,724 | -€6,691 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €258,084 | €382,971 | +€124,888 | +48.4% |
| Income taxes | 67/77 | €89,067 | €125,092 | +€36,025 | +40.4% |
| Profit (loss) for the period | 9904 | €169,017 | €257,879 | +€88,862 | +52.6% |
| Profit (loss) for the period to be appropriated | 9905 | €169,017 | €257,879 | +€88,862 | +52.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.