DRINK VANTYGHEM: 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 VANTYGHEM
Largest movements
- Stocks and contracts +€49,595
up €49,595 (+42.3%), from €117,147 to €166,742
- Receivables within one year -€49,255
down €49,255 (-83.4%), from €59,080 to €9,824
of which Trade receivables: -€51,776
- Tangible fixed assets +€38,359
up €38,359 (+7.5%), from €511,762 to €550,120
of which Plant, machinery and equipment: +€30,550
- Cash +€23,558
up €23,558 (+16.3%), from €144,231 to €167,789
mainly Trade debts (+€62,565) and Depreciation (+€56,179)
- Financial fixed assets +€14,886
up €14,886 (+28.6%), from €52,109 to €66,994
- Trade debts +€62,565
up €62,565 (+60.5%), from €103,457 to €166,022
- Debts after one year -€26,486
down €26,486 (-6.7%), from €393,423 to €366,937
- Other debts +€22,604
up €22,604 (+11.2%), from €202,327 to €224,931
- Profit (loss) carried forward +€19,456
up €19,456 (+20.5%), from €94,960 to €114,416
- Tax, wage and social debts -€11,972
down €11,972 (-36.4%), from €32,926 to €20,954
of which Taxes: -€14,478
- Gross operating margin +€38,009
up €38,009 (+19.0%), from €200,300 to €238,309
- Staff costs +€20,735
up €20,735 (+35.1%), from €59,079 to €79,814
- Write-downs +€13,443
new in 2024: €13,443
- Depreciation +€11,514
up €11,514 (+25.8%), from €44,665 to €56,179
- Other operating charges -€5,329
down €5,329 (-39.5%), from €13,505 to €8,176
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €886,458 | €964,424 | +€77,966 | +8.8% |
| Fixed assets | 21/28 | €563,870 | €617,114 | +€53,244 | +9.4% |
| Tangible fixed assets | 22/27 | €511,762 | €550,120 | +€38,359 | +7.5% |
| Land and buildings | 22 | €488,035 | €498,369 | +€10,334 | +2.1% |
| Plant, machinery and equipment | 23 | €20,351 | €50,901 | +€30,550 | +150% |
| Furniture and vehicles | 24 | €3,376 | €851 | -€2,526 | -74.8% |
| Financial fixed assets | 28 | €52,109 | €66,994 | +€14,886 | +28.6% |
| Current assets | 29/58 | €322,588 | €347,309 | +€24,722 | +7.7% |
| Stocks and contracts in progress | 3 | €117,147 | €166,742 | +€49,595 | +42.3% |
| Stocks | 30/36 | €117,147 | €166,742 | +€49,595 | +42.3% |
| Amounts receivable within one year | 40/41 | €59,080 | €9,824 | -€49,255 | -83.4% |
| Trade receivables | 40 | €59,080 | €7,303 | -€51,776 | -87.6% |
| Other amounts receivable | 41 | - | €2,521 | +€2,521 | |
| Cash at bank and in hand | 54/58 | €144,231 | €167,789 | +€23,558 | +16.3% |
| Deferred charges and accrued income | 490/1 | €2,130 | €2,954 | +€824 | +38.7% |
| Total equity and liabilities | 10/49 | €886,458 | €964,424 | +€77,966 | +8.8% |
| Equity | 10/15 | €115,420 | €134,876 | +€19,456 | +16.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €94,960 | €114,416 | +€19,456 | +20.5% |
| Amounts payable | 17/49 | €771,038 | €829,548 | +€58,510 | +7.6% |
| Amounts payable after more than one year | 17 | €393,423 | €366,937 | -€26,486 | -6.7% |
| Financial debts | 170/4 | €393,423 | €366,937 | -€26,486 | -6.7% |
| Amounts payable within one year | 42/48 | €364,683 | €438,390 | +€73,707 | +20.2% |
| Current portion of amounts payable after more than one year | 42 | €25,973 | €26,483 | +€510 | +2.0% |
| Trade debts | 44 | €103,457 | €166,022 | +€62,565 | +60.5% |
| Suppliers | 440/4 | €103,457 | €166,022 | +€62,565 | +60.5% |
| Taxes, remuneration and social security | 45 | €32,926 | €20,954 | -€11,972 | -36.4% |
| Taxes | 450/3 | €25,889 | €11,411 | -€14,478 | -55.9% |
| Remuneration and social security | 454/9 | €7,037 | €9,543 | +€2,506 | +35.6% |
| Other amounts payable | 47/48 | €202,327 | €224,931 | +€22,604 | +11.2% |
| Accrued charges and deferred income | 492/3 | €12,932 | €24,221 | +€11,289 | +87.3% |
| Remuneration, social security and pensions | 62 | €59,079 | €79,814 | +€20,735 | +35.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,665 | €56,179 | +€11,514 | +25.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €13,443 | +€13,443 | |
| Other operating charges | 640/8 | €13,505 | €8,176 | -€5,329 | -39.5% |
| Gross operating margin | 9900 | €200,300 | €238,309 | +€38,009 | +19.0% |
| Operating profit (loss) | 9901 | €83,050 | €80,697 | -€2,353 | -2.8% |
| Financial income | 75/76B | €4 | €0 | -€4 | -99.0% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -99.0% |
| Financial charges | 65/66B | €22,740 | €25,240 | +€2,501 | +11.0% |
| Recurring financial charges | 65 | €22,740 | €25,240 | +€2,501 | +11.0% |
| Profit (loss) for the period before taxes | 9903 | €60,314 | €55,456 | -€4,858 | -8.1% |
| Income taxes | 67/77 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) for the period | 9904 | €54,314 | €49,456 | -€4,858 | -8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €54,314 | €49,456 | -€4,858 | -8.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.