DRANKEN CORSTJENS: 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.
DRANKEN CORSTJENS
Largest movements
- Stocks and contracts +€50,053
up €50,053 (+19.6%), from €255,899 to €305,952
- Tangible fixed assets -€49,472
down €49,472 (-9.9%), from €500,545 to €451,073
- Cash +€33,210
up €33,210 (+9.5%), from €350,806 to €384,016
mainly Trade debts (+€89,954) and Depreciation (+€65,789)
- Receivables within one year +€25,881
up €25,881 (+28.2%), from €91,893 to €117,774
of which Trade receivables: +€24,424
- Trade debts +€89,954
up €89,954 (+31.0%), from €290,414 to €380,368
- Reserves +€31,865
up €31,865 (+22.9%), from €139,327 to €171,191
of which Distributable reserves: +€35,157
- Debts after one year -€31,731
down €31,731 (-32.5%), from €97,774 to €66,043
- Tax, wage and social debts -€18,558
down €18,558 (-19.4%), from €95,876 to €77,318
of which Taxes: -€12,471
- Gross operating margin -€38,016
down €38,016 (-7.8%), from €487,767 to €449,751
- Taxes -€17,887
down €17,887 (-58.6%), from €30,513 to €12,626
- Staff costs +€15,942
up €15,942 (+5.3%), from €298,506 to €314,447
- Depreciation +€8,953
up €8,953 (+15.8%), from €56,836 to €65,789
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,217,052 | €1,277,156 | +€60,104 | +4.9% |
| Fixed assets | 21/28 | €500,545 | €451,073 | -€49,472 | -9.9% |
| Tangible fixed assets | 22/27 | €500,545 | €451,073 | -€49,472 | -9.9% |
| Land and buildings | 22 | €284,544 | €273,600 | -€10,944 | -3.8% |
| Plant, machinery and equipment | 23 | €103,146 | €86,107 | -€17,038 | -16.5% |
| Furniture and vehicles | 24 | €80,213 | €64,236 | -€15,977 | -19.9% |
| Leasing and similar rights | 25 | €11,066 | €5,966 | -€5,100 | -46.1% |
| Other tangible fixed assets | 26 | €21,575 | €21,163 | -€412 | -1.9% |
| Current assets | 29/58 | €716,508 | €826,083 | +€109,575 | +15.3% |
| Stocks and contracts in progress | 3 | €255,899 | €305,952 | +€50,053 | +19.6% |
| Stocks | 30/36 | €255,899 | €305,952 | +€50,053 | +19.6% |
| Amounts receivable within one year | 40/41 | €91,893 | €117,774 | +€25,881 | +28.2% |
| Trade receivables | 40 | €68,574 | €92,998 | +€24,424 | +35.6% |
| Other amounts receivable | 41 | €23,318 | €24,776 | +€1,457 | +6.2% |
| Current investments | 50/53 | €7,437 | €7,437 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €350,806 | €384,016 | +€33,210 | +9.5% |
| Deferred charges and accrued income | 490/1 | €10,473 | €10,904 | +€431 | +4.1% |
| Total equity and liabilities | 10/49 | €1,217,052 | €1,277,156 | +€60,104 | +4.9% |
| Equity | 10/15 | €599,327 | €631,191 | +€31,865 | +5.3% |
| Contributions | 10/11 | €460,000 | €460,000 | = | 0.0% |
| Reserves | 13 | €139,327 | €171,191 | +€31,865 | +22.9% |
| Non-distributable reserves | 130/1 | €3,292 | €0 | -€3,292 | -100% |
| Reserves not available under the articles | 1311 | €3,292 | €0 | -€3,292 | -100% |
| Distributable reserves | 133 | €136,034 | €171,191 | +€35,157 | +25.8% |
| Amounts payable | 17/49 | €617,726 | €645,964 | +€28,239 | +4.6% |
| Amounts payable after more than one year | 17 | €97,774 | €66,043 | -€31,731 | -32.5% |
| Financial debts | 170/4 | €97,774 | €66,043 | -€31,731 | -32.5% |
| Amounts payable within one year | 42/48 | €519,951 | €579,922 | +€59,970 | +11.5% |
| Current portion of amounts payable after more than one year | 42 | €32,946 | €31,731 | -€1,214 | -3.7% |
| Trade debts | 44 | €290,414 | €380,368 | +€89,954 | +31.0% |
| Suppliers | 440/4 | €290,414 | €380,368 | +€89,954 | +31.0% |
| Taxes, remuneration and social security | 45 | €95,876 | €77,318 | -€18,558 | -19.4% |
| Taxes | 450/3 | €47,481 | €35,010 | -€12,471 | -26.3% |
| Remuneration and social security | 454/9 | €48,395 | €42,308 | -€6,088 | -12.6% |
| Other amounts payable | 47/48 | €100,716 | €90,505 | -€10,211 | -10.1% |
| Non-recurring operating income | 76A | €9,308 | €0 | -€9,308 | -100% |
| Remuneration, social security and pensions | 62 | €298,506 | €314,447 | +€15,942 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,836 | €65,789 | +€8,953 | +15.8% |
| Other operating charges | 640/8 | €6,115 | €6,933 | +€818 | +13.4% |
| Gross operating margin | 9900 | €487,767 | €449,751 | -€38,016 | -7.8% |
| Operating profit (loss) | 9901 | €126,311 | €62,582 | -€63,729 | -50.5% |
| Financial income | 75/76B | €130 | €622 | +€492 | +378% |
| Recurring financial income | 75 | €130 | €622 | +€492 | +378% |
| Financial charges | 65/66B | €19,630 | €18,713 | -€917 | -4.7% |
| Recurring financial charges | 65 | €19,630 | €18,713 | -€917 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €106,810 | €44,491 | -€62,320 | -58.3% |
| Income taxes | 67/77 | €30,513 | €12,626 | -€17,887 | -58.6% |
| Profit (loss) for the period | 9904 | €76,298 | €31,865 | -€44,433 | -58.2% |
| Profit (loss) for the period to be appropriated | 9905 | €76,298 | €31,865 | -€44,433 | -58.2% |
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 26 October 2026 via checked.be.