COCA-COLA SERVICES: what changed
Two fiscal 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
COCA-COLA SERVICES
NACE 46.349, Wholesale of beverages, general range
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€12.8m
2024 · €5.7m+€7.1m
Equity
€15.3m
2024 · €8.1m+€7.1m
Cash
€16.2m
2024 · €29.2m-€13.0m
Balance sheet total
€567.1m
2024 · €506.1m+€61.0m
Largest movements
Assets
- Deferred charges and accrued income +€45.2m
up €45.2m (+67.0%), from €67.4m to €112.5m
- Receivables within one year +€33.6m
up €33.6m (+9.5%), from €352.2m to €385.8m
- Cash -€13.0m
down €13.0m (-44.6%), from €29.2m to €16.2m
mainly Deferred charges and accrued income (-€45.2m) and Receivables within one year (-€33.6m)
Equity and liabilities
- Accrued charges and deferred income +€38.4m
up €38.4m (+15.8%), from €242.5m to €280.9m
- Short-term financial debts +€26.4m
new in 2025: €26.4m
- Trade debts -€13.1m
down €13.1m (-5.3%), from €247.3m to €234.2m
- Profit (loss) carried forward +€7.1m
up €7.1m (+124.8%), from €5.7m to €12.8m
Income statement
- Other operating income -€87.0m
down €87.0m (-14.4%), from €603.6m to €516.5m
- Other operating charges -€70.8m
down €70.8m (-15.0%), from €470.8m to €400.0m
- Staff costs -€9.7m
down €9.7m (-14.8%), from €65.7m to €56.0m
- Services and other goods -€8.6m
down €8.6m (-19.1%), from €45.2m to €36.5m
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
€5.7m
Staff costs
+€9.7m
Depreciation
+€2.8m
Write-downs
+€701,726
Other operating charges
+€70.8m
Other operating items
-€78.4m
Financial income
+€495,715
Financial charges
+€3.3m
Taxes
-€2.3m
Result 2025
€12.8m
Cash bridge derived
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
-€30.8m
Investment
-€3.0m
Financing
+€20.7m
Cash 2024
€29.2m
From operations (derived)
-€30.8m
Net result for the year
+€12.8m
Depreciation
+€7.7m
Receivables within one year
-€33.6m
Deferred charges and accrued income
-€45.2m
Trade debts
-€13.1m
Tax, wage and social debts
+€2.2m
Other debts
+€67,052
Accrued charges and deferred income
+€38.4m
Investment (derived)
-€3.0m
Investment in fixed assets (net)
-€3.0m
Financing
+€20.7m
Short-term financial debts
+€26.4m
Contributions, distributions and other
-€5.7m
Cash 2025
€16.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €506,072,346 | €567,117,029 | +€61.0m | +12.1% |
| Fixed assets | 21/28 | €57,354,422 | €52,631,817 | -€4.7m | -8.2% |
| Tangible fixed assets | 22/27 | €57,353,929 | €52,631,324 | -€4.7m | -8.2% |
| Land and buildings | 22 | €19,258,986 | €16,606,360 | -€2.7m | -13.8% |
| Plant, machinery and equipment | 23 | €30,780,777 | €26,547,130 | -€4.2m | -13.8% |
| Furniture and vehicles | 24 | €784,438 | €487,065 | -€297,373 | -37.9% |
| Assets under construction and advance payments | 27 | €6,529,728 | €8,990,769 | +€2.5m | +37.7% |
| Financial fixed assets | 28 | €493 | €493 | = | 0.0% |
| Other financial fixed assets | 284/8 | €493 | €493 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €493 | €493 | = | 0.0% |
| Current assets | 29/58 | €448,717,924 | €514,485,212 | +€65.8m | +14.7% |
| Amounts receivable within one year | 40/41 | €352,170,059 | €385,788,886 | +€33.6m | +9.5% |
| Other amounts receivable | 41 | €352,170,059 | €385,788,886 | +€33.6m | +9.5% |
| Cash at bank and in hand | 54/58 | €29,167,371 | €16,162,608 | -€13.0m | -44.6% |
| Deferred charges and accrued income | 490/1 | €67,380,494 | €112,533,718 | +€45.2m | +67.0% |
| Total equity and liabilities | 10/49 | €506,072,346 | €567,117,029 | +€61.0m | +12.1% |
| Equity | 10/15 | €8,140,179 | €15,266,154 | +€7.1m | +87.5% |
| Contributions | 10/11 | €2,210,745 | €2,210,745 | = | 0.0% |
| Capital | 10 | €2,206,252 | €2,206,252 | = | 0.0% |
| Issued capital | 100 | €2,206,252 | €2,206,252 | = | 0.0% |
| Outside capital | 11 | €4,493 | €4,493 | = | 0.0% |
| Share premium | 1100/10 | €4,493 | €4,493 | = | 0.0% |
| Reserves | 13 | €220,625 | €220,625 | = | 0.0% |
| Non-distributable reserves | 130/1 | €220,625 | €220,625 | = | 0.0% |
| Legal reserve | 130 | €220,625 | €220,625 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,708,809 | €12,834,784 | +€7.1m | +124.8% |
| Amounts payable | 17/49 | €497,932,167 | €551,850,875 | +€53.9m | +10.8% |
| Amounts payable within one year | 42/48 | €255,404,899 | €270,961,807 | +€15.6m | +6.1% |
| Financial debts | 43 | - | €26,417,633 | +€26.4m | |
| Other loans | 439 | - | €26,417,633 | +€26.4m | |
| Trade debts | 44 | €247,343,766 | €234,212,481 | -€13.1m | -5.3% |
| Suppliers | 440/4 | €247,343,766 | €234,212,481 | -€13.1m | -5.3% |
| Taxes, remuneration and social security | 45 | €8,061,133 | €10,264,641 | +€2.2m | +27.3% |
| Taxes | 450/3 | €726,833 | €2,107,757 | +€1.4m | +190.0% |
| Remuneration and social security | 454/9 | €7,334,300 | €8,156,884 | +€822,584 | +11.2% |
| Other amounts payable | 47/48 | - | €67,052 | +€67,052 | |
| Accrued charges and deferred income | 492/3 | €242,527,268 | €280,889,068 | +€38.4m | +15.8% |
| Operating income | 70/76A | €603,557,363 | €516,517,850 | -€87.0m | -14.4% |
| Other operating income | 74 | €603,557,363 | €516,517,850 | -€87.0m | -14.4% |
| Operating charges | 60/66A | €592,459,675 | €499,809,799 | -€92.6m | -15.6% |
| Services and other goods | 61 | €45,158,795 | €36,527,704 | -€8.6m | -19.1% |
| Remuneration, social security and pensions | 62 | €65,696,032 | €55,974,902 | -€9.7m | -14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,483,524 | €7,686,130 | -€2.8m | -26.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €350,863 | -€350,863 | -€701,726 | |
| Other operating charges | 640/8 | €470,770,461 | €399,971,926 | -€70.8m | -15.0% |
| Operating profit (loss) | 9901 | €11,097,688 | €16,708,051 | +€5.6m | +50.6% |
| Financial income | 75/76B | €13,904,348 | €14,400,063 | +€495,715 | +3.6% |
| Recurring financial income | 75 | €13,904,348 | €14,400,063 | +€495,715 | +3.6% |
| Income from current assets | 751 | €2,992,727 | €1,044,269 | -€1.9m | -65.1% |
| Other financial income | 752/9 | €10,911,621 | €13,355,794 | +€2.4m | +22.4% |
| Financial charges | 65/66B | €16,911,749 | €13,562,117 | -€3.3m | -19.8% |
| Recurring financial charges | 65 | €16,911,749 | €13,562,117 | -€3.3m | -19.8% |
| Other financial charges | 652/9 | €16,911,749 | €13,562,117 | -€3.3m | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €8,090,287 | €17,545,997 | +€9.5m | +116.9% |
| Income taxes | 67/77 | €2,381,479 | €4,711,213 | +€2.3m | +97.8% |
| Taxes | 670/3 | €2,520,803 | €4,711,213 | +€2.2m | +86.9% |
| Tax adjustments and reversals of tax provisions | 77 | €139,324 | - | -€139,324 | |
| Profit (loss) for the period | 9904 | €5,708,808 | €12,834,784 | +€7.1m | +124.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,708,808 | €12,834,784 | +€7.1m | +124.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.