DISTILLERY MASSY: what changed
What changed
DISTILLERY MASSY
NACE 11.010, Manufacture of beverages
filed annual accounts (NBB)
Net result for the year
-€16,950
2024 · -€13,764-€3,186
Equity
€251,659
2024 · €268,609-€16,950
Cash
€157,955
2024 · €149,338+€8,617
Balance sheet total
€573,453
2024 · €715,235-€141,781
Largest movements
Assets
- Receivables within one year -€137,263
down €137,263 (-46.9%), from €292,471 to €155,208
of which Trade receivables: -€74,534
- Tangible fixed assets -€12,135
down €12,135 (-7.1%), from €169,888 to €157,753
of which Land and buildings: -€11,210
- Cash +€8,617
up €8,617 (+5.8%), from €149,338 to €157,955
mainly Receivables within one year (+€137,263) and Depreciation (+€14,241)
Equity and liabilities
- Trade debts -€39,394
down €39,394 (-51.0%), from €77,238 to €37,844
- Other debts -€36,730
down €36,730 (-19.9%), from €184,927 to €148,197
- Debts after one year -€27,698
down €27,698 (-33.1%), from €83,746 to €56,048
- Tax, wage and social debts -€18,388
down €18,388 (-35.3%), from €52,075 to €33,687
- Profit (loss) carried forward -€16,950
down €16,950 (-13.0%), from -€130,838 to -€147,788
Income statement
- Write-downs +€15,390
new in 2025: €15,390
- Depreciation -€11,902
down €11,902 (-45.5%), from €26,143 to €14,241
- Gross operating margin +€6,397
up €6,397 (+32.8%), from €19,479 to €25,876
- Financial charges +€3,695
up €3,695 (+52.9%), from €6,987 to €10,683
- Financial income -€1,908
down €1,908 (-70.7%), from €2,700 to €792
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
-€13,764
Gross operating margin
+€6,397
Depreciation
+€11,902
Write-downs
-€15,390
Other operating charges
-€492
Financial income
-€1,908
Financial charges
-€3,695
Result 2025
-€16,950
raises the resultlowers the result
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
+€45,646
Investment
-€2,106
Financing
-€34,924
Cash 2024
€149,338
From operations (derived)
+€45,646
Net result for the year
-€16,950
Depreciation
+€14,241
Stocks and contracts
+€1,422
Receivables within one year
+€137,263
Deferred charges and accrued income
-€423
Trade debts
-€39,394
Tax, wage and social debts
-€18,388
Other debts
-€36,730
Accrued charges and deferred income
+€4,605
Investment (derived)
-€2,106
Investment in fixed assets (net)
-€2,106
Financing
-€34,924
Debts after one year
-€27,698
Current portion of long-term debt
-€7,207
Short-term financial debts
-€20
Cash 2025
€157,955
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €715,235 | €573,453 | -€141,781 | -19.8% |
| Fixed assets | 21/28 | €170,119 | €157,983 | -€12,135 | -7.1% |
| Tangible fixed assets | 22/27 | €169,888 | €157,753 | -€12,135 | -7.1% |
| Land and buildings | 22 | €162,228 | €151,018 | -€11,210 | -6.9% |
| Plant, machinery and equipment | 23 | €6,964 | €4,455 | -€2,509 | -36.0% |
| Furniture and vehicles | 24 | €696 | €2,279 | +€1,583 | +227% |
| Financial fixed assets | 28 | €231 | €231 | = | 0.0% |
| Current assets | 29/58 | €545,116 | €415,470 | -€129,646 | -23.8% |
| Stocks and contracts in progress | 3 | €99,119 | €97,696 | -€1,422 | -1.4% |
| Stocks | 30/36 | €99,119 | €97,696 | -€1,422 | -1.4% |
| Amounts receivable within one year | 40/41 | €292,471 | €155,208 | -€137,263 | -46.9% |
| Trade receivables | 40 | €226,510 | €151,976 | -€74,534 | -32.9% |
| Other amounts receivable | 41 | €65,961 | €3,232 | -€62,729 | -95.1% |
| Cash at bank and in hand | 54/58 | €149,338 | €157,955 | +€8,617 | +5.8% |
| Deferred charges and accrued income | 490/1 | €4,189 | €4,612 | +€423 | +10.1% |
| Total equity and liabilities | 10/49 | €715,235 | €573,453 | -€141,781 | -19.8% |
| Equity | 10/15 | €268,609 | €251,659 | -€16,950 | -6.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €337,447 | €337,447 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €312,497 | €312,497 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€130,838 | -€147,788 | -€16,950 | -13.0% |
| Amounts payable | 17/49 | €446,626 | €321,795 | -€124,831 | -27.9% |
| Amounts payable after more than one year | 17 | €83,746 | €56,048 | -€27,698 | -33.1% |
| Financial debts | 170/4 | €83,746 | €56,048 | -€27,698 | -33.1% |
| Amounts payable within one year | 42/48 | €359,364 | €257,626 | -€101,738 | -28.3% |
| Current portion of amounts payable after more than one year | 42 | €34,904 | €27,698 | -€7,207 | -20.6% |
| Financial debts | 43 | €10,220 | €10,200 | -€20 | -0.2% |
| Credit institutions | 430/8 | €10,220 | €10,200 | -€20 | -0.2% |
| Trade debts | 44 | €77,238 | €37,844 | -€39,394 | -51.0% |
| Suppliers | 440/4 | €77,238 | €37,844 | -€39,394 | -51.0% |
| Taxes, remuneration and social security | 45 | €52,075 | €33,687 | -€18,388 | -35.3% |
| Taxes | 450/3 | €52,075 | €33,687 | -€18,388 | -35.3% |
| Other amounts payable | 47/48 | €184,927 | €148,197 | -€36,730 | -19.9% |
| Accrued charges and deferred income | 492/3 | €3,516 | €8,121 | +€4,605 | +131% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,143 | €14,241 | -€11,902 | -45.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €15,390 | +€15,390 | |
| Other operating charges | 640/8 | €2,813 | €3,304 | +€492 | +17.5% |
| Gross operating margin | 9900 | €19,479 | €25,876 | +€6,397 | +32.8% |
| Operating profit (loss) | 9901 | -€9,476 | -€7,059 | +€2,417 | +25.5% |
| Financial income | 75/76B | €2,700 | €792 | -€1,908 | -70.7% |
| Recurring financial income | 75 | €2,700 | €792 | -€1,908 | -70.7% |
| Financial charges | 65/66B | €6,987 | €10,683 | +€3,695 | +52.9% |
| Recurring financial charges | 65 | €6,987 | €10,683 | +€3,695 | +52.9% |
| Profit (loss) for the period before taxes | 9903 | -€13,764 | -€16,950 | -€3,186 | -23.1% |
| Profit (loss) for the period | 9904 | -€13,764 | -€16,950 | -€3,186 | -23.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,764 | -€16,950 | -€3,186 | -23.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.