D & M DRINKS: 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
D & M DRINKS
NACE 46.349, Wholesale of beverages, general range
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.3m
2024 · €75,588+€1.2m
Equity
€1.6m
2024 · €309,936+€1.3m
Cash
€64,195
2024 · €42,446+€21,749
Balance sheet total
€3.3m
2024 · €2.5m+€758,030
Largest movements
Assets
- Tangible fixed assets +€746,243
up €746,243 (+100.1%), from €745,375 to €1.5m
of which Land and buildings: +€659,664
- Stocks and contracts +€73,776
up €73,776 (+8.0%), from €923,586 to €997,362
- Intangible fixed assets -€47,834
down €47,834 (-12.1%), from €394,450 to €346,616
Equity and liabilities
- Reserves +€1.3m
up €1.3m (+443.1%), from €291,336 to €1.6m
of which Tax-exempt reserves: +€1.5m
- Debts after one year -€564,610
down €564,610 (-60.2%), from €937,309 to €372,699
- Provisions +€503,666
new in 2025: €503,666
- Current portion of long-term debt -€320,173
down €320,173 (-54.1%), from €592,333 to €272,161
- Trade debts -€133,252
down €133,252 (-25.3%), from €525,956 to €392,704
Income statement
- Gross operating margin +€2.1m
up €2.1m (+227.4%), from €908,497 to €3.0m
- Staff costs +€192,539
up €192,539 (+32.6%), from €591,073 to €783,612
- Depreciation +€154,467
up €154,467 (+130.5%), from €118,398 to €272,865
- Other operating charges +€33,617
up €33,617 (+254.6%), from €13,204 to €46,821
- Taxes -€31,549
down €31,549 (-99.7%), from €31,657 to €108
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
€75,588
Gross operating margin
+€2.1m
Staff costs
-€192,539
Depreciation
-€154,467
Write-downs
-€10,614
Other operating charges
-€33,617
Other operating items
+€21,250
Financial income
+€646
Financial charges
-€9,181
Taxes
+€31,549
Deferred taxes and other
-€503,666
Result 2025
€1.3m
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
+€1.9m
Investment
-€971,274
Financing
-€913,767
Cash 2024
€42,446
From operations (derived)
+€1.9m
Net result for the year
+€1.3m
Depreciation
+€272,865
Stocks and contracts
-€73,776
Receivables within one year
+€22,868
Deferred charges and accrued income
+€13,037
Provisions
+€503,666
Trade debts
-€133,252
Tax, wage and social debts
+€8,906
Smaller working-capital items
+€1,630
Investment (derived)
-€971,274
Investment in fixed assets (net)
-€971,274
Financing
-€913,767
Debts after one year
-€564,610
Current portion of long-term debt
-€320,173
Short-term financial debts
-€28,984
Cash 2025
€64,195
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,508,836 | €3,266,866 | +€758,030 | +30.2% |
| Fixed assets | 21/28 | €1,139,824 | €1,838,234 | +€698,410 | +61.3% |
| Intangible fixed assets | 21 | €394,450 | €346,616 | -€47,834 | -12.1% |
| Tangible fixed assets | 22/27 | €745,375 | €1,491,618 | +€746,243 | +100.1% |
| Land and buildings | 22 | €415,336 | €1,075,000 | +€659,664 | +158.8% |
| Plant, machinery and equipment | 23 | €124,244 | €101,082 | -€23,162 | -18.6% |
| Furniture and vehicles | 24 | €130,748 | €124,155 | -€6,593 | -5.0% |
| Leasing and similar rights | 25 | €36,112 | €142,181 | +€106,069 | +293.7% |
| Other tangible fixed assets | 26 | €38,935 | €49,200 | +€10,265 | +26.4% |
| Current assets | 29/58 | €1,369,012 | €1,428,632 | +€59,620 | +4.4% |
| Stocks and contracts in progress | 3 | €923,586 | €997,362 | +€73,776 | +8.0% |
| Stocks | 30/36 | €923,586 | €997,362 | +€73,776 | +8.0% |
| Amounts receivable within one year | 40/41 | €356,824 | €333,956 | -€22,868 | -6.4% |
| Trade receivables | 40 | €310,492 | €230,962 | -€79,531 | -25.6% |
| Other amounts receivable | 41 | €46,331 | €102,994 | +€56,663 | +122.3% |
| Current investments | 50/53 | €33,120 | €33,120 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €42,446 | €64,195 | +€21,749 | +51.2% |
| Deferred charges and accrued income | 490/1 | €13,037 | - | -€13,037 | |
| Total equity and liabilities | 10/49 | €2,508,836 | €3,266,866 | +€758,030 | +30.2% |
| Equity | 10/15 | €309,936 | €1,600,782 | +€1.3m | +416.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €291,336 | €1,582,182 | +€1.3m | +443.1% |
| Tax-exempt reserves | 132 | - | €1,510,998 | +€1.5m | |
| Distributable reserves | 133 | €291,336 | €71,184 | -€220,152 | -75.6% |
| Provisions and deferred taxes | 16 | - | €503,666 | +€503,666 | |
| Deferred taxes | 168 | - | €503,666 | +€503,666 | |
| Amounts payable | 17/49 | €2,198,901 | €1,162,418 | -€1.0m | -47.1% |
| Amounts payable after more than one year | 17 | €937,309 | €372,699 | -€564,610 | -60.2% |
| Financial debts | 170/4 | €937,309 | €372,699 | -€564,610 | -60.2% |
| Amounts payable within one year | 42/48 | €1,260,259 | €789,720 | -€470,539 | -37.3% |
| Current portion of amounts payable after more than one year | 42 | €592,333 | €272,161 | -€320,173 | -54.1% |
| Financial debts | 43 | €29,768 | €784 | -€28,984 | -97.4% |
| Credit institutions | 430/8 | €26,944 | - | -€26,944 | |
| Other loans | 439 | €2,824 | €784 | -€2,040 | -72.2% |
| Trade debts | 44 | €525,956 | €392,704 | -€133,252 | -25.3% |
| Suppliers | 440/4 | €525,956 | €392,704 | -€133,252 | -25.3% |
| Taxes, remuneration and social security | 45 | €112,201 | €121,108 | +€8,906 | +7.9% |
| Taxes | 450/3 | €42,703 | €19,817 | -€22,886 | -53.6% |
| Remuneration and social security | 454/9 | €69,498 | €101,291 | +€31,793 | +45.7% |
| Other amounts payable | 47/48 | - | €2,963 | +€2,963 | |
| Accrued charges and deferred income | 492/3 | €1,333 | - | -€1,333 | |
| Non-recurring operating income | 76A | €1,079 | €2,016,360 | +€2.0m | +186752.3% |
| Remuneration, social security and pensions | 62 | €591,073 | €783,612 | +€192,539 | +32.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,398 | €272,865 | +€154,467 | +130.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €10,614 | +€10,614 | |
| Other operating charges | 640/8 | €13,204 | €46,821 | +€33,617 | +254.6% |
| Non-recurring operating charges | 66A | €25,006 | €3,756 | -€21,250 | -85.0% |
| Gross operating margin | 9900 | €908,497 | €2,974,394 | +€2.1m | +227.4% |
| Operating profit (loss) | 9901 | €160,816 | €1,856,726 | +€1.7m | +1054.6% |
| Financial income | 75/76B | €443 | €1,089 | +€646 | +145.8% |
| Recurring financial income | 75 | €443 | €1,089 | +€646 | +145.8% |
| Financial charges | 65/66B | €54,014 | €63,196 | +€9,181 | +17.0% |
| Recurring financial charges | 65 | €54,014 | €63,196 | +€9,181 | +17.0% |
| Profit (loss) for the period before taxes | 9903 | €107,245 | €1,794,620 | +€1.7m | +1573.4% |
| Transfer to deferred taxes | 680 | - | €503,666 | +€503,666 | |
| Income taxes | 67/77 | €31,657 | €108 | -€31,549 | -99.7% |
| Profit (loss) for the period | 9904 | €75,588 | €1,290,846 | +€1.2m | +1607.7% |
| Transfer to tax-exempt reserves | 689 | - | €1,510,998 | +€1.5m | |
| Profit (loss) for the period to be appropriated | 9905 | €75,588 | -€220,152 | -€295,740 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.