DRINK MALPAIX: 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.
DRINK MALPAIX
Largest movements
- Stocks and contracts +€54,748
up €54,748 (+18.7%), from €292,136 to €346,884
- Tangible fixed assets -€37,566
down €37,566 (-4.2%), from €903,235 to €865,670
of which Land and buildings: -€31,181
- Cash -€32,729
down €32,729 (-64.1%), from €51,034 to €18,305
mainly Debts after one year (-€96,888) and Stocks and contracts (-€54,748)
- Debts after one year -€96,888
down €96,888 (-12.0%), from €810,049 to €713,161
of which Financial debts: -€81,564
- Profit (loss) carried forward +€82,769
up €82,769 (+87.9%), from €94,118 to €176,886
- Trade debts -€23,975
down €23,975 (-12.7%), from €188,513 to €164,539
- Short-term financial debts +€14,586
up €14,586 (+18.2%), from €80,078 to €94,665
of which Other loans: +€7,448
- Gross operating margin +€90,402
up €90,402 (+26.0%), from €347,174 to €437,576
- Taxes +€28,589
up €28,589 (+1,334%), from €2,142 to €30,731
- Other operating charges +€10,372
up €10,372 (+114%), from €9,075 to €19,447
- Depreciation +€7,431
up €7,431 (+9.5%), from €78,477 to €85,908
- Staff costs +€6,570
up €6,570 (+3.9%), from €170,353 to €176,923
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 | €1,388,987 | €1,365,341 | -€23,645 | -1.7% |
| Fixed assets | 21/28 | €930,308 | €885,842 | -€44,466 | -4.8% |
| Intangible fixed assets | 21 | €26,517 | €19,617 | -€6,900 | -26.0% |
| Tangible fixed assets | 22/27 | €903,235 | €865,670 | -€37,566 | -4.2% |
| Land and buildings | 22 | €824,767 | €793,586 | -€31,181 | -3.8% |
| Plant, machinery and equipment | 23 | €37,288 | €40,509 | +€3,221 | +8.6% |
| Furniture and vehicles | 24 | €40,963 | €31,574 | -€9,389 | -22.9% |
| Leasing and similar rights | 25 | €217 | €0 | -€217 | -100% |
| Financial fixed assets | 28 | €555 | €555 | = | 0.0% |
| Current assets | 29/58 | €458,679 | €479,500 | +€20,820 | +4.5% |
| Stocks and contracts in progress | 3 | €292,136 | €346,884 | +€54,748 | +18.7% |
| Stocks | 30/36 | €292,136 | €346,884 | +€54,748 | +18.7% |
| Amounts receivable within one year | 40/41 | €95,090 | €104,722 | +€9,632 | +10.1% |
| Trade receivables | 40 | €55,467 | €62,924 | +€7,457 | +13.4% |
| Other amounts receivable | 41 | €39,623 | €41,798 | +€2,175 | +5.5% |
| Cash at bank and in hand | 54/58 | €51,034 | €18,305 | -€32,729 | -64.1% |
| Deferred charges and accrued income | 490/1 | €20,419 | €9,589 | -€10,831 | -53.0% |
| Total equity and liabilities | 10/49 | €1,388,987 | €1,365,341 | -€23,645 | -1.7% |
| Equity | 10/15 | €142,975 | €223,904 | +€80,929 | +56.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €94,118 | €176,886 | +€82,769 | +87.9% |
| Investment grants | 15 | €30,257 | €28,418 | -€1,839 | -6.1% |
| Amounts payable | 17/49 | €1,246,012 | €1,141,437 | -€104,575 | -8.4% |
| Amounts payable after more than one year | 17 | €810,049 | €713,161 | -€96,888 | -12.0% |
| Financial debts | 170/4 | €781,376 | €699,813 | -€81,564 | -10.4% |
| Other amounts payable | 178/9 | €28,673 | €13,348 | -€15,325 | -53.4% |
| Amounts payable within one year | 42/48 | €435,963 | €428,277 | -€7,686 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €131,775 | €125,554 | -€6,221 | -4.7% |
| Financial debts | 43 | €80,078 | €94,665 | +€14,586 | +18.2% |
| Credit institutions | 430/8 | €75,000 | €82,138 | +€7,138 | +9.5% |
| Other loans | 439 | €5,078 | €12,526 | +€7,448 | +147% |
| Trade debts | 44 | €188,513 | €164,539 | -€23,975 | -12.7% |
| Suppliers | 440/4 | €188,513 | €164,539 | -€23,975 | -12.7% |
| Advances received on contracts in progress | 46 | €1,281 | €325 | -€955 | -74.6% |
| Taxes, remuneration and social security | 45 | €34,315 | €43,194 | +€8,879 | +25.9% |
| Taxes | 450/3 | €11,899 | €20,654 | +€8,755 | +73.6% |
| Remuneration and social security | 454/9 | €22,416 | €22,540 | +€124 | +0.6% |
| Remuneration, social security and pensions | 62 | €170,353 | €176,923 | +€6,570 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,477 | €85,908 | +€7,431 | +9.5% |
| Other operating charges | 640/8 | €9,075 | €19,447 | +€10,372 | +114% |
| Gross operating margin | 9900 | €347,174 | €437,576 | +€90,402 | +26.0% |
| Operating profit (loss) | 9901 | €89,269 | €155,298 | +€66,029 | +74.0% |
| Financial income | 75/76B | €7,705 | €2,281 | -€5,424 | -70.4% |
| Recurring financial income | 75 | €7,705 | €2,281 | -€5,424 | -70.4% |
| Financial charges | 65/66B | €46,488 | €44,079 | -€2,409 | -5.2% |
| Recurring financial charges | 65 | €46,488 | €44,079 | -€2,409 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €50,486 | €113,500 | +€63,014 | +125% |
| Income taxes | 67/77 | €2,142 | €30,731 | +€28,589 | +1,334% |
| Profit (loss) for the period | 9904 | €48,343 | €82,769 | +€34,425 | +71.2% |
| Profit (loss) for the period to be appropriated | 9905 | €48,343 | €82,769 | +€34,425 | +71.2% |
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 27 October 2026 via checked.be.