DRANKENCENTRALE E. MAES: 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.
DRANKENCENTRALE E. MAES
Largest movements
- Stocks and contracts +€111,500
up €111,500 (+19.4%), from €576,005 to €687,504
- Deferred charges and accrued income -€67,433
no longer reported in 2025 (was €67,433)
- Receivables within one year -€60,391
down €60,391 (-19.6%), from €307,434 to €247,043
of which Trade receivables: -€48,800
- Tangible fixed assets -€26,395
down €26,395 (-12.3%), from €215,175 to €188,779
of which Land and buildings: -€32,875
- Debts after one year +€567,898
up €567,898 (+568%), from €100,000 to €667,898
- Other debts -€530,000
down €530,000 (-70.5%), from €752,130 to €222,130
- Trade debts -€107,477
down €107,477 (-29.6%), from €363,314 to €255,837
- Current portion of long-term debt -€45,111
down €45,111 (-82.3%), from €54,837 to €9,725
- Profit (loss) carried forward +€43,494
up €43,494 (+6.2%), from -€701,016 to -€657,522
- Staff costs -€91,234
down €91,234 (-23.5%), from €388,579 to €297,345
- Gross operating margin +€89,161
up €89,161 (+16.6%), from €536,923 to €626,084
- Other operating charges +€34,654
up €34,654 (+46.1%), from €75,105 to €109,759
- Financial charges -€6,846
down €6,846 (-32.0%), from €21,421 to €14,575
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 | €1,260,706 | €1,206,724 | -€53,982 | -4.3% |
| Fixed assets | 21/28 | €230,289 | €200,893 | -€29,395 | -12.8% |
| Tangible fixed assets | 22/27 | €215,175 | €188,779 | -€26,395 | -12.3% |
| Land and buildings | 22 | €175,336 | €142,460 | -€32,875 | -18.8% |
| Plant, machinery and equipment | 23 | €8,186 | €21,399 | +€13,213 | +161% |
| Furniture and vehicles | 24 | €3,391 | €857 | -€2,534 | -74.7% |
| Other tangible fixed assets | 26 | €28,262 | €24,063 | -€4,200 | -14.9% |
| Financial fixed assets | 28 | €15,114 | €12,114 | -€3,000 | -19.8% |
| Current assets | 29/58 | €1,030,417 | €1,005,830 | -€24,587 | -2.4% |
| Stocks and contracts in progress | 3 | €576,005 | €687,504 | +€111,500 | +19.4% |
| Stocks | 30/36 | €576,005 | €687,504 | +€111,500 | +19.4% |
| Amounts receivable within one year | 40/41 | €307,434 | €247,043 | -€60,391 | -19.6% |
| Trade receivables | 40 | €274,641 | €225,841 | -€48,800 | -17.8% |
| Other amounts receivable | 41 | €32,792 | €21,202 | -€11,590 | -35.3% |
| Cash at bank and in hand | 54/58 | €79,546 | €71,283 | -€8,263 | -10.4% |
| Deferred charges and accrued income | 490/1 | €67,433 | - | -€67,433 | |
| Total equity and liabilities | 10/49 | €1,260,706 | €1,206,724 | -€53,982 | -4.3% |
| Equity | 10/15 | -€44,463 | -€969 | +€43,494 | +97.8% |
| Contributions | 10/11 | €267,020 | €267,020 | = | 0.0% |
| Reserves | 13 | €389,533 | €389,533 | = | 0.0% |
| Tax-exempt reserves | 132 | €27,407 | €27,407 | = | 0.0% |
| Distributable reserves | 133 | €362,126 | €362,126 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€701,016 | -€657,522 | +€43,494 | +6.2% |
| Amounts payable | 17/49 | €1,305,169 | €1,207,693 | -€97,477 | -7.5% |
| Amounts payable after more than one year | 17 | €100,000 | €667,898 | +€567,898 | +568% |
| Financial debts | 170/4 | €100,000 | €667,898 | +€567,898 | +568% |
| Amounts payable within one year | 42/48 | €1,205,169 | €539,794 | -€665,375 | -55.2% |
| Current portion of amounts payable after more than one year | 42 | €54,837 | €9,725 | -€45,111 | -82.3% |
| Trade debts | 44 | €363,314 | €255,837 | -€107,477 | -29.6% |
| Suppliers | 440/4 | €363,314 | €255,837 | -€107,477 | -29.6% |
| Taxes, remuneration and social security | 45 | €34,889 | €52,101 | +€17,213 | +49.3% |
| Taxes | 450/3 | - | €1,133 | +€1,133 | |
| Remuneration and social security | 454/9 | €34,889 | €50,969 | +€16,080 | +46.1% |
| Other amounts payable | 47/48 | €752,130 | €222,130 | -€530,000 | -70.5% |
| Non-recurring operating income | 76A | €299,506 | €221,713 | -€77,792 | -26.0% |
| Remuneration, social security and pensions | 62 | €388,579 | €297,345 | -€91,234 | -23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,771 | €42,229 | +€1,457 | +3.6% |
| Other operating charges | 640/8 | €75,105 | €109,759 | +€34,654 | +46.1% |
| Gross operating margin | 9900 | €536,923 | €626,084 | +€89,161 | +16.6% |
| Operating profit (loss) | 9901 | €32,468 | €176,752 | +€144,284 | +444% |
| Financial income | 75/76B | €11,865 | €7,418 | -€4,448 | -37.5% |
| Recurring financial income | 75 | €11,865 | €7,418 | -€4,448 | -37.5% |
| Financial charges | 65/66B | €21,421 | €14,575 | -€6,846 | -32.0% |
| Recurring financial charges | 65 | €21,421 | €14,575 | -€6,846 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | €22,912 | €169,594 | +€146,682 | +640% |
| Income taxes | 67/77 | - | €6,100 | +€6,100 | |
| Profit (loss) for the period | 9904 | €22,912 | €163,494 | +€140,582 | +614% |
| Profit (loss) for the period to be appropriated | 9905 | €22,912 | €163,494 | +€140,582 | +614% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.