Danone Belux: 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
Danone Belux
NACE 46.460, Wholesale of pharmaceutical and medical goods
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€9.3m
2024 · €1.3m+€8.0m
Equity
€21.8m
2024 · €12.4m+€9.3m
Cash
€64.6m
2024 · €55.1m+€9.5m
Balance sheet total
€140.6m
2024 · €123.6m+€17.1m
Largest movements
Assets
- Cash +€9.5m
up €9.5m (+17.3%), from €55.1m to €64.6m
mainly Trade debts (+€17.0m) and Net result for the year (+€9.3m)
- Receivables within one year +€6.4m
up €6.4m (+11.5%), from €55.8m to €62.2m
of which Trade receivables: +€11.1m
- Intangible fixed assets +€1.6m
up €1.6m (+157%), from €996,224 to €2.6m
Equity and liabilities
- Trade debts +€17.0m
up €17.0m (+21.5%), from €79.2m to €96.3m
- Profit (loss) carried forward +€9.3m
new in 2025: €9.3m
- Other debts -€7.6m
down €7.6m (-99.3%), from €7.6m to €56,246
- Provisions -€1.6m
down €1.6m (-17.0%), from €9.4m to €7.8m
Income statement
- Goods and materials +€13.3m
up €13.3m (+6.9%), from €192.4m to €205.7m
of which Purchases: +€14.1m
- Turnover +€11.8m
up €11.8m (+3.7%), from €315.1m to €326.9m
- Provisions -€8.9m
down €8.9m, from €7.2m to -€1.7m
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
€1.3m
Turnover
+€11.8m
Other operating income
+€2.4m
Goods and materials
-€13.3m
Services and other goods
-€2.7m
Staff costs
+€3.0m
Depreciation
-€43,467
Write-downs
+€1.3m
Provisions
+€8.9m
Other operating charges
+€25,473
Other operating items
-€3.5m
Financial income
-€184,322
Financial charges
+€2,483
Taxes
+€204,246
Result 2025
€9.3m
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
+€11.7m
Investment
-€2.2m
Financing
€0
Cash 2024
€55.1m
From operations (derived)
+€11.7m
Net result for the year
+€9.3m
Depreciation
+€695,598
Stocks and contracts
+€263,875
Receivables within one year
-€6.4m
Deferred charges and accrued income
+€120,659
Provisions
-€1.6m
Trade debts
+€17.0m
Tax, wage and social debts
-€109,838
Other debts
-€7.6m
Investment (derived)
-€2.2m
Investment in fixed assets (net)
-€2.2m
Cash 2025
€64.6m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €123,565,760 | €140,645,635 | +€17.1m | +13.8% |
| Fixed assets | 21/28 | €3,744,242 | €5,289,791 | +€1.5m | +41.3% |
| Intangible fixed assets | 21 | €996,224 | €2,564,556 | +€1.6m | +157% |
| Tangible fixed assets | 22/27 | €1,036,781 | €1,013,998 | -€22,783 | -2.2% |
| Land and buildings | 22 | €137,351 | €67,647 | -€69,704 | -50.7% |
| Furniture and vehicles | 24 | €752,370 | €889,123 | +€136,753 | +18.2% |
| Assets under construction and advance payments | 27 | €147,060 | €57,228 | -€89,832 | -61.1% |
| Financial fixed assets | 28 | €1,711,237 | €1,711,237 | = | 0.0% |
| Affiliated companies | 280/1 | €1,711,237 | €1,711,237 | = | 0.0% |
| Participating interests | 280 | €1,711,237 | €1,711,237 | = | 0.0% |
| Current assets | 29/58 | €119,821,518 | €135,355,844 | +€15.5m | +13.0% |
| Stocks and contracts in progress | 3 | €7,613,490 | €7,349,615 | -€263,875 | -3.5% |
| Stocks | 30/36 | €7,613,490 | €7,349,615 | -€263,875 | -3.5% |
| Raw materials and consumables | 30/31 | €389,481 | €292,362 | -€97,119 | -24.9% |
| Goods purchased for resale | 34 | €7,224,009 | €7,057,253 | -€166,756 | -2.3% |
| Amounts receivable within one year | 40/41 | €55,796,948 | €62,214,194 | +€6.4m | +11.5% |
| Trade receivables | 40 | €45,562,088 | €56,650,922 | +€11.1m | +24.3% |
| Other amounts receivable | 41 | €10,234,860 | €5,563,272 | -€4.7m | -45.6% |
| Cash at bank and in hand | 54/58 | €55,061,546 | €64,563,160 | +€9.5m | +17.3% |
| Deferred charges and accrued income | 490/1 | €1,349,534 | €1,228,875 | -€120,659 | -8.9% |
| Total equity and liabilities | 10/49 | €123,565,760 | €140,645,635 | +€17.1m | +13.8% |
| Equity | 10/15 | €12,442,212 | €21,768,109 | +€9.3m | +75.0% |
| Contributions | 10/11 | €9,991,452 | €9,991,452 | = | 0.0% |
| Capital | 10 | €8,702,406 | €8,702,406 | = | 0.0% |
| Issued capital | 100 | €8,702,406 | €8,702,406 | = | 0.0% |
| Contributions outside capital | 11 | €1,289,046 | €1,289,046 | = | 0.0% |
| Share premium | 1100/10 | €1,289,046 | €1,289,046 | = | 0.0% |
| Reserves | 13 | €2,450,760 | €2,450,760 | = | 0.0% |
| Non-distributable reserves | 130/1 | €943,934 | €943,934 | = | 0.0% |
| Legal reserve | 130 | €870,241 | €870,241 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,705 | €1,705 | = | 0.0% |
| Other | 1319 | €71,988 | €71,988 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,021,815 | €1,021,815 | = | 0.0% |
| Distributable reserves | 133 | €485,011 | €485,011 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €9,325,897 | +€9.3m | |
| Provisions and deferred taxes | 16 | €9,444,118 | €7,838,242 | -€1.6m | -17.0% |
| Provisions for liabilities and charges | 160/5 | €9,444,118 | €7,838,242 | -€1.6m | -17.0% |
| Pensions and similar obligations | 160 | €99,190 | €56,026 | -€43,164 | -43.5% |
| Other liabilities and charges | 164/5 | €9,344,928 | €7,782,216 | -€1.6m | -16.7% |
| Amounts payable | 17/49 | €101,679,430 | €111,039,284 | +€9.4m | +9.2% |
| Amounts payable within one year | 42/48 | €101,679,430 | €111,039,284 | +€9.4m | +9.2% |
| Trade debts | 44 | €79,233,338 | €96,261,568 | +€17.0m | +21.5% |
| Suppliers | 440/4 | €79,233,338 | €96,261,568 | +€17.0m | +21.5% |
| Taxes, remuneration and social security | 45 | €14,831,308 | €14,721,470 | -€109,838 | -0.7% |
| Taxes | 450/3 | €1,265,670 | €1,268,049 | +€2,379 | +0.2% |
| Remuneration and social security | 454/9 | €13,565,638 | €13,453,421 | -€112,217 | -0.8% |
| Other amounts payable | 47/48 | €7,614,784 | €56,246 | -€7.6m | -99.3% |
| Operating income | 70/76A | €347,365,090 | €361,722,007 | +€14.4m | +4.1% |
| Turnover | 70 | €315,068,274 | €326,882,126 | +€11.8m | +3.7% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€26,827 | -€56,757 | -€29,930 | -112% |
| Other operating income | 74 | €30,619,311 | €32,997,021 | +€2.4m | +7.8% |
| Non-recurring operating income | 76A | €1,704,332 | €1,899,617 | +€195,285 | +11.5% |
| Operating charges | 60/66A | €345,395,637 | €351,786,309 | +€6.4m | +1.9% |
| Goods for resale, raw materials and consumables | 60 | €192,355,890 | €205,677,867 | +€13.3m | +6.9% |
| Purchases | 600/8 | €191,421,196 | €205,551,388 | +€14.1m | +7.4% |
| Change in stocks: decrease (increase) | 609 | €934,694 | €126,479 | -€808,215 | -86.5% |
| Services and other goods | 61 | €88,230,204 | €90,907,791 | +€2.7m | +3.0% |
| Remuneration, social security and pensions | 62 | €55,026,302 | €51,989,336 | -€3.0m | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €652,131 | €695,598 | +€43,467 | +6.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €584,040 | -€763,367 | -€1.3m | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €7,207,141 | -€1,718,617 | -€8.9m | |
| Other operating charges | 640/8 | €69,874 | €44,401 | -€25,473 | -36.5% |
| Non-recurring operating charges | 66A | €1,270,055 | €4,953,300 | +€3.7m | +290% |
| Operating profit (loss) | 9901 | €1,969,453 | €9,935,698 | +€8.0m | +404% |
| Financial income | 75/76B | €2,345,959 | €2,161,637 | -€184,322 | -7.9% |
| Recurring financial income | 75 | €2,345,959 | €2,161,637 | -€184,322 | -7.9% |
| Income from financial fixed assets | 750 | €2,345,959 | €2,161,637 | -€184,322 | -7.9% |
| Financial charges | 65/66B | €19,595 | €17,112 | -€2,483 | -12.7% |
| Recurring financial charges | 65 | €19,595 | €17,112 | -€2,483 | -12.7% |
| Other financial charges | 652/9 | €19,595 | €17,112 | -€2,483 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €4,295,817 | €12,080,223 | +€7.8m | +181% |
| Income taxes | 67/77 | €2,958,572 | €2,754,326 | -€204,246 | -6.9% |
| Taxes | 670/3 | €2,958,572 | €2,754,326 | -€204,246 | -6.9% |
| Profit (loss) for the period | 9904 | €1,337,245 | €9,325,897 | +€8.0m | +597% |
| Profit (loss) for the period to be appropriated | 9905 | €1,337,245 | €9,325,897 | +€8.0m | +597% |
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 20 October 2026 via checked.be.