Dranken Cieters: what changed
What changed
Dranken Cieters
NACE 46.349, Wholesale of beverages, general range
filed annual accounts (NBB)
Net result for the year
€17,773
2024 · €27,759-€9,986
Equity
€1.3m
2024 · €1.2m+€17,773
Cash
€147,067
2024 · €101,880+€45,186
Balance sheet total
€2.3m
2024 · €2.3m+€14,525
Largest movements
Assets
- Stocks and contracts +€56,192
up €56,192 (+29.5%), from €190,581 to €246,773
- Intangible fixed assets -€53,248
down €53,248 (-23.1%), from €230,652 to €177,404
- Cash +€45,186
up €45,186 (+44.4%), from €101,880 to €147,067
mainly Trade debts (+€158,945) and Depreciation (+€144,207)
- Receivables after one year -€35,124
down €35,124 (-5.8%), from €607,415 to €572,291
- Tangible fixed assets -€24,512
down €24,512 (-7.7%), from €318,246 to €293,734
of which Plant, machinery and equipment: -€23,594
Equity and liabilities
- Trade debts +€158,945
up €158,945 (+101%), from €157,387 to €316,332
- Other debts -€138,360
down €138,360 (-17.1%), from €809,984 to €671,624
- Tax, wage and social debts -€23,832
down €23,832 (-38.8%), from €61,393 to €37,561
of which Taxes: -€27,997
Income statement
- Gross operating margin -€28,146
down €28,146 (-5.9%), from €475,776 to €447,630
- Financial charges -€25,028
down €25,028 (-97.8%), from €25,578 to €550
- Staff costs +€9,269
up €9,269 (+3.8%), from €246,847 to €256,116
- Other operating charges +€5,903
up €5,903 (+122%), from €4,840 to €10,743
- Taxes -€5,788
down €5,788 (-26.2%), from €22,079 to €16,290
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
€27,759
Gross operating margin
-€28,146
Staff costs
-€9,269
Depreciation
+€1,468
Write-downs
+€5,339
Other operating charges
-€5,903
Financial income
-€4,292
Financial charges
+€25,028
Taxes
+€5,788
Result 2025
€17,773
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
+€111,634
Investment
-€66,447
Financing
€0
Cash 2024
€101,880
From operations (derived)
+€111,634
Net result for the year
+€17,773
Depreciation
+€144,207
Receivables after one year
+€35,124
Stocks and contracts
-€56,192
Receivables within one year
-€4,625
Deferred charges and accrued income
-€21,406
Trade debts
+€158,945
Tax, wage and social debts
-€23,832
Other debts
-€138,360
Investment (derived)
-€66,447
Investment in fixed assets (net)
-€66,447
Cash 2025
€147,067
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,266,768 | €2,281,293 | +€14,525 | +0.6% |
| Fixed assets | 21/28 | €548,898 | €471,139 | -€77,760 | -14.2% |
| Intangible fixed assets | 21 | €230,652 | €177,404 | -€53,248 | -23.1% |
| Tangible fixed assets | 22/27 | €318,246 | €293,734 | -€24,512 | -7.7% |
| Land and buildings | 22 | €121,255 | €139,018 | +€17,762 | +14.6% |
| Plant, machinery and equipment | 23 | €87,936 | €64,342 | -€23,594 | -26.8% |
| Furniture and vehicles | 24 | €109,055 | €90,375 | -€18,680 | -17.1% |
| Current assets | 29/58 | €1,717,870 | €1,810,154 | +€92,284 | +5.4% |
| Amounts receivable after more than one year | 29 | €607,415 | €572,291 | -€35,124 | -5.8% |
| Other amounts receivable | 291 | €607,415 | €572,291 | -€35,124 | -5.8% |
| Stocks and contracts in progress | 3 | €190,581 | €246,773 | +€56,192 | +29.5% |
| Stocks | 30/36 | €190,581 | €246,773 | +€56,192 | +29.5% |
| Amounts receivable within one year | 40/41 | €817,993 | €822,618 | +€4,625 | +0.6% |
| Trade receivables | 40 | €206,981 | €353,430 | +€146,448 | +70.8% |
| Other amounts receivable | 41 | €611,012 | €469,188 | -€141,823 | -23.2% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €101,880 | €147,067 | +€45,186 | +44.4% |
| Deferred charges and accrued income | 490/1 | - | €21,406 | +€21,406 | |
| Total equity and liabilities | 10/49 | €2,266,768 | €2,281,293 | +€14,525 | +0.6% |
| Equity | 10/15 | €1,237,934 | €1,255,707 | +€17,773 | +1.4% |
| Contributions | 10/11 | €175,000 | €175,000 | = | 0.0% |
| Capital | 10 | €175,000 | €175,000 | = | 0.0% |
| Issued capital | 100 | €175,000 | €175,000 | = | 0.0% |
| Reserves | 13 | €1,062,934 | €1,080,707 | +€17,773 | +1.7% |
| Non-distributable reserves | 130/1 | €17,500 | €17,500 | = | 0.0% |
| Legal reserve | 130 | €17,500 | €17,500 | = | 0.0% |
| Distributable reserves | 133 | €1,045,434 | €1,063,207 | +€17,773 | +1.7% |
| Amounts payable | 17/49 | €1,028,834 | €1,025,586 | -€3,248 | -0.3% |
| Amounts payable after more than one year | 17 | €70 | €70 | = | 0.0% |
| Other amounts payable | 178/9 | €70 | €70 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,028,764 | €1,025,517 | -€3,248 | -0.3% |
| Trade debts | 44 | €157,387 | €316,332 | +€158,945 | +101% |
| Suppliers | 440/4 | €157,387 | €316,332 | +€158,945 | +101% |
| Taxes, remuneration and social security | 45 | €61,393 | €37,561 | -€23,832 | -38.8% |
| Taxes | 450/3 | €28,147 | €150 | -€27,997 | -99.5% |
| Remuneration and social security | 454/9 | €33,246 | €37,411 | +€4,165 | +12.5% |
| Other amounts payable | 47/48 | €809,984 | €671,624 | -€138,360 | -17.1% |
| Remuneration, social security and pensions | 62 | €246,847 | €256,116 | +€9,269 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €145,675 | €144,207 | -€1,468 | -1.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,290 | €1,951 | -€5,339 | -73.2% |
| Other operating charges | 640/8 | €4,840 | €10,743 | +€5,903 | +122% |
| Gross operating margin | 9900 | €475,776 | €447,630 | -€28,146 | -5.9% |
| Operating profit (loss) | 9901 | €71,124 | €34,613 | -€36,511 | -51.3% |
| Financial income | 75/76B | €4,292 | €0 | -€4,292 | -100% |
| Recurring financial income | 75 | €4,292 | €0 | -€4,292 | -100% |
| Financial charges | 65/66B | €25,578 | €550 | -€25,028 | -97.8% |
| Recurring financial charges | 65 | €25,578 | €550 | -€25,028 | -97.8% |
| Profit (loss) for the period before taxes | 9903 | €49,838 | €34,063 | -€15,775 | -31.7% |
| Income taxes | 67/77 | €22,079 | €16,290 | -€5,788 | -26.2% |
| Profit (loss) for the period | 9904 | €27,759 | €17,773 | -€9,986 | -36.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,759 | €17,773 | -€9,986 | -36.0% |
Next steps
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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 3 November 2026 via checked.be.