DE VALK DISTRIBUTION: what changed
What changed
DE VALK DISTRIBUTION
NACE 46.349, Wholesale of beverages, general range
filed annual accounts (NBB)
Net result for the year
€1.5m
2024 · €747,548+€768,653
Equity
€11.8m
2024 · €10.2m+€1.5m
Cash
€602,264
2024 · €1.0m-€440,443
Balance sheet total
€16.5m
2024 · €17.8m-€1.3m
Largest movements
Assets
- Receivables after one year -€627,122
down €627,122 (-32.5%), from €1.9m to €1.3m
- Cash -€440,443
down €440,443 (-42.2%), from €1.0m to €602,264
mainly Other debts (-€2.4m) and Trade debts (-€733,758)
- Intangible fixed assets -€426,033
down €426,033 (-30.0%), from €1.4m to €992,395
- Receivables within one year +€415,216
up €415,216 (+10.0%), from €4.2m to €4.6m
of which Other amounts receivable: +€390,965
Equity and liabilities
- Other debts -€2.4m
down €2.4m (-96.0%), from €2.5m to €99,377
- Reserves +€1.4m
up €1.4m (+286%), from €503,604 to €1.9m
of which Tax-exempt reserves: +€1.4m
- Trade debts -€733,758
down €733,758 (-17.1%), from €4.3m to €3.6m
- Provisions +€480,703
new in 2025: €480,703
Income statement
- Other operating income +€2.0m
up €2.0m (+438%), from €466,303 to €2.5m
- Write-downs +€1.2m
up €1.2m, from -€113,162 to €1.1m
- Turnover +€1.2m
up €1.2m (+4.1%), from €29.3m to €30.5m
- Goods and materials +€918,323
up €918,323 (+4.2%), from €21.8m to €22.8m
of which Change in stocks: decrease (increase): +€1.1m
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
€747,548
Turnover
+€1.2m
Other operating income
+€2.0m
Goods and materials
-€918,323
Services and other goods
+€168,152
Staff costs
-€26,088
Depreciation
-€111,412
Write-downs
-€1.2m
Other operating charges
-€63,428
Financial income
-€24,471
Financial charges
+€20,678
Taxes
+€201,790
Deferred taxes and other
-€480,703
Result 2025
€1.5m
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
-€189,675
Investment
-€250,768
Financing
€0
Cash 2024
€1.0m
From operations (derived)
-€189,675
Net result for the year
+€1.5m
Depreciation
+€761,828
Receivables after one year
+€627,122
Stocks and contracts
+€121,066
Receivables within one year
-€415,216
Deferred charges and accrued income
-€21,236
Provisions
+€480,703
Trade debts
-€733,758
Tax, wage and social debts
-€140,004
Other debts
-€2.4m
Accrued charges and deferred income
-€10,038
Investment (derived)
-€250,768
Investment in fixed assets (net)
-€250,768
Cash 2025
€602,264
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,806,286 | €16,543,046 | -€1.3m | -7.1% |
| Fixed assets | 21/28 | €7,888,474 | €7,377,414 | -€511,060 | -6.5% |
| Intangible fixed assets | 21 | €1,418,428 | €992,395 | -€426,033 | -30.0% |
| Tangible fixed assets | 22/27 | €6,397,960 | €6,312,513 | -€85,447 | -1.3% |
| Land and buildings | 22 | €5,758,636 | €5,632,661 | -€125,975 | -2.2% |
| Plant, machinery and equipment | 23 | €411,154 | €484,207 | +€73,054 | +17.8% |
| Furniture and vehicles | 24 | €228,170 | €195,645 | -€32,526 | -14.3% |
| Financial fixed assets | 28 | €72,086 | €72,506 | +€420 | +0.6% |
| Other financial fixed assets | 284/8 | €72,086 | €72,506 | +€420 | +0.6% |
| Shares | 284 | €39,644 | €39,644 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €32,442 | €32,862 | +€420 | +1.3% |
| Current assets | 29/58 | €9,917,812 | €9,165,632 | -€752,180 | -7.6% |
| Amounts receivable after more than one year | 29 | €1,928,235 | €1,301,113 | -€627,122 | -32.5% |
| Other amounts receivable | 291 | €1,928,235 | €1,301,113 | -€627,122 | -32.5% |
| Stocks and contracts in progress | 3 | €2,778,619 | €2,657,553 | -€121,066 | -4.4% |
| Stocks | 30/36 | €2,778,619 | €2,657,553 | -€121,066 | -4.4% |
| Goods purchased for resale | 34 | €2,778,619 | €2,657,553 | -€121,066 | -4.4% |
| Amounts receivable within one year | 40/41 | €4,153,950 | €4,569,166 | +€415,216 | +10.0% |
| Trade receivables | 40 | €3,927,866 | €3,952,116 | +€24,250 | +0.6% |
| Other amounts receivable | 41 | €226,084 | €617,049 | +€390,965 | +173% |
| Cash at bank and in hand | 54/58 | €1,042,707 | €602,264 | -€440,443 | -42.2% |
| Deferred charges and accrued income | 490/1 | €14,301 | €35,537 | +€21,236 | +148% |
| Total equity and liabilities | 10/49 | €17,806,286 | €16,543,046 | -€1.3m | -7.1% |
| Equity | 10/15 | €10,245,443 | €11,761,644 | +€1.5m | +14.8% |
| Contributions | 10/11 | €2,812,000 | €2,812,000 | = | 0.0% |
| Capital | 10 | €2,812,000 | €2,812,000 | = | 0.0% |
| Issued capital | 100 | €2,812,000 | €2,812,000 | = | 0.0% |
| Reserves | 13 | €503,604 | €1,945,713 | +€1.4m | +286% |
| Non-distributable reserves | 130/1 | €301,782 | €301,782 | = | 0.0% |
| Legal reserve | 130 | €281,200 | €281,200 | = | 0.0% |
| Other | 1319 | €20,582 | €20,582 | = | 0.0% |
| Tax-exempt reserves | 132 | €28,682 | €1,470,791 | +€1.4m | +5,028% |
| Distributable reserves | 133 | €173,140 | €173,140 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,929,838 | €7,003,931 | +€74,092 | +1.1% |
| Provisions and deferred taxes | 16 | - | €480,703 | +€480,703 | |
| Deferred taxes | 168 | - | €480,703 | +€480,703 | |
| Amounts payable | 17/49 | €7,560,843 | €4,300,699 | -€3.3m | -43.1% |
| Amounts payable after more than one year | 17 | €9,525 | €9,525 | = | 0.0% |
| Other amounts payable | 178/9 | €9,525 | €9,525 | = | 0.0% |
| Amounts payable within one year | 42/48 | €7,539,622 | €4,289,516 | -€3.3m | -43.1% |
| Trade debts | 44 | €4,296,054 | €3,562,295 | -€733,758 | -17.1% |
| Suppliers | 440/4 | €4,296,054 | €3,562,295 | -€733,758 | -17.1% |
| Taxes, remuneration and social security | 45 | €767,848 | €627,844 | -€140,004 | -18.2% |
| Taxes | 450/3 | €145,198 | €28,568 | -€116,630 | -80.3% |
| Remuneration and social security | 454/9 | €622,650 | €599,276 | -€23,374 | -3.8% |
| Other amounts payable | 47/48 | €2,475,720 | €99,377 | -€2.4m | -96.0% |
| Accrued charges and deferred income | 492/3 | €11,697 | €1,659 | -€10,038 | -85.8% |
| Operating income | 70/76A | €29,764,733 | €33,012,957 | +€3.2m | +10.9% |
| Turnover | 70 | €29,298,430 | €30,502,771 | +€1.2m | +4.1% |
| Other operating income | 74 | €466,303 | €2,510,185 | +€2.0m | +438% |
| Operating charges | 60/66A | €28,696,814 | €30,893,680 | +€2.2m | +7.7% |
| Goods for resale, raw materials and consumables | 60 | €21,844,672 | €22,762,995 | +€918,323 | +4.2% |
| Purchases | 600/8 | €22,831,160 | €22,641,930 | -€189,230 | -0.8% |
| Change in stocks: decrease (increase) | 609 | -€986,488 | €121,066 | +€1.1m | |
| Services and other goods | 61 | €2,903,927 | €2,735,775 | -€168,152 | -5.8% |
| Remuneration, social security and pensions | 62 | €3,264,799 | €3,290,888 | +€26,088 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €650,417 | €761,828 | +€111,412 | +17.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€113,162 | €1,132,604 | +€1.2m | |
| Other operating charges | 640/8 | €146,162 | €209,589 | +€63,428 | +43.4% |
| Operating profit (loss) | 9901 | €1,067,918 | €2,119,277 | +€1.1m | +98.4% |
| Financial income | 75/76B | €32,852 | €8,381 | -€24,471 | -74.5% |
| Recurring financial income | 75 | €32,852 | €8,381 | -€24,471 | -74.5% |
| Income from current assets | 751 | €32,594 | €8,317 | -€24,278 | -74.5% |
| Other financial income | 752/9 | €258 | €65 | -€193 | -74.8% |
| Financial charges | 65/66B | €58,325 | €37,647 | -€20,678 | -35.5% |
| Recurring financial charges | 65 | €58,325 | €37,647 | -€20,678 | -35.5% |
| Debt charges | 650 | - | €35,218 | +€35,218 | |
| Other financial charges | 652/9 | €58,325 | €2,430 | -€55,896 | -95.8% |
| Profit (loss) for the period before taxes | 9903 | €1,042,445 | €2,090,011 | +€1.0m | +100% |
| Transfer from deferred taxes | 780 | - | €15,022 | +€15,022 | |
| Transfer to deferred taxes | 680 | - | €495,725 | +€495,725 | |
| Income taxes | 67/77 | €294,897 | €93,107 | -€201,790 | -68.4% |
| Taxes | 670/3 | €294,897 | €93,107 | -€201,790 | -68.4% |
| Profit (loss) for the period | 9904 | €747,548 | €1,516,201 | +€768,653 | +103% |
| Transfer from tax-exempt reserves | 789 | - | €45,066 | +€45,066 | |
| Transfer to tax-exempt reserves | 689 | - | €1,487,175 | +€1.5m | |
| Profit (loss) for the period to be appropriated | 9905 | €747,548 | €74,092 | -€673,456 | -90.1% |
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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 5 November 2026 via checked.be.