EXPRESS DRINK: what changed
Two fiscal 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.
EXPRESS DRINK
Largest movements
- Intangible fixed assets -€144,568
down €144,568 (-28.6%), from €505,394 to €360,826
- Receivables within one year -€37,157
down €37,157 (-42.8%), from €86,827 to €49,670
of which Trade receivables: -€30,462
- Tangible fixed assets -€14,491
down €14,491 (-6.4%), from €225,818 to €211,327
of which Land and buildings: -€11,181
- Cash +€9,401
up €9,401 (+46.5%), from €20,232 to €29,633
mainly Depreciation (+€159,059) and Receivables within one year (+€37,157)
- Profit (loss) carried forward -€103,530
down €103,530, from €81,677 to -€21,852
- Tax, wage and social debts -€42,586
down €42,586 (-84.6%), from €50,318 to €7,732
of which Taxes: -€37,912
- Debts after one year -€25,956
down €25,956 (-30.2%), from €86,018 to €60,062
- Gross operating margin -€137,476
down €137,476 (-45.1%), from €304,756 to €167,280
- Financial income -€96,269
no longer reported in 2025 (was €96,269)
of which Financial income: -€96,269
- Taxes -€46,125
down €46,125 (-80.2%), from €57,493 to €11,368
- Staff costs -€23,267
down €23,267 (-19.7%), from €118,155 to €94,888
- Write-downs -€17,500
no longer reported in 2025 (was €17,500)
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.
Cash bridge derived
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 | €874,944 | €691,974 | -€182,970 | -20.9% |
| Fixed assets | 21/28 | €731,363 | €572,303 | -€159,059 | -21.7% |
| Intangible fixed assets | 21 | €505,394 | €360,826 | -€144,568 | -28.6% |
| Tangible fixed assets | 22/27 | €225,818 | €211,327 | -€14,491 | -6.4% |
| Land and buildings | 22 | €218,664 | €207,483 | -€11,181 | -5.1% |
| Plant, machinery and equipment | 23 | €62 | - | -€62 | |
| Furniture and vehicles | 24 | €6,919 | €3,844 | -€3,075 | -44.4% |
| Other tangible fixed assets | 26 | €173 | - | -€173 | |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €143,581 | €119,671 | -€23,910 | -16.7% |
| Stocks and contracts in progress | 3 | €33,108 | €33,904 | +€796 | +2.4% |
| Stocks | 30/36 | €33,108 | €33,904 | +€796 | +2.4% |
| Amounts receivable within one year | 40/41 | €86,827 | €49,670 | -€37,157 | -42.8% |
| Trade receivables | 40 | €66,499 | €36,038 | -€30,462 | -45.8% |
| Other amounts receivable | 41 | €20,328 | €13,632 | -€6,696 | -32.9% |
| Cash at bank and in hand | 54/58 | €20,232 | €29,633 | +€9,401 | +46.5% |
| Deferred charges and accrued income | 490/1 | €3,414 | €6,465 | +€3,050 | +89.3% |
| Total equity and liabilities | 10/49 | €874,944 | €691,974 | -€182,970 | -20.9% |
| Equity | 10/15 | €255,265 | €151,735 | -€103,530 | -40.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €153,588 | €153,588 | = | 0.0% |
| Non-distributable reserves | 130/1 | €122,588 | €122,588 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Other | 1319 | €120,588 | €120,588 | = | 0.0% |
| Tax-exempt reserves | 132 | €31,000 | €31,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,677 | -€21,852 | -€103,530 | |
| Amounts payable | 17/49 | €619,679 | €540,239 | -€79,440 | -12.8% |
| Amounts payable after more than one year | 17 | €86,018 | €60,062 | -€25,956 | -30.2% |
| Financial debts | 170/4 | €86,018 | €60,062 | -€25,956 | -30.2% |
| Amounts payable within one year | 42/48 | €533,661 | €479,802 | -€53,859 | -10.1% |
| Current portion of amounts payable after more than one year | 42 | €31,788 | €32,327 | +€539 | +1.7% |
| Trade debts | 44 | €14,304 | €6,966 | -€7,338 | -51.3% |
| Suppliers | 440/4 | €14,304 | €6,966 | -€7,338 | -51.3% |
| Taxes, remuneration and social security | 45 | €50,318 | €7,732 | -€42,586 | -84.6% |
| Taxes | 450/3 | €41,840 | €3,928 | -€37,912 | -90.6% |
| Remuneration and social security | 454/9 | €8,478 | €3,804 | -€4,674 | -55.1% |
| Other amounts payable | 47/48 | €437,252 | €432,778 | -€4,474 | -1.0% |
| Accrued charges and deferred income | 492/3 | - | €375 | +€375 | |
| Non-recurring operating income | 76A | - | €5,503 | +€5,503 | |
| Remuneration, social security and pensions | 62 | €118,155 | €94,888 | -€23,267 | -19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €161,771 | €159,059 | -€2,712 | -1.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €17,500 | - | -€17,500 | |
| Other operating charges | 640/8 | €3,756 | €2,565 | -€1,191 | -31.7% |
| Non-recurring operating charges | 66A | €1,844 | €189 | -€1,655 | -89.7% |
| Gross operating margin | 9900 | €304,756 | €167,280 | -€137,476 | -45.1% |
| Operating profit (loss) | 9901 | €1,729 | -€89,422 | -€91,151 | |
| Financial income | 75/76B | €96,269 | - | -€96,269 | |
| Recurring financial income | 75 | €96,269 | - | -€96,269 | |
| Non-recurring financial income | 76B | €96,269 | - | -€96,269 | |
| Financial charges | 65/66B | €4,200 | €2,740 | -€1,460 | -34.8% |
| Recurring financial charges | 65 | €4,200 | €2,740 | -€1,460 | -34.8% |
| Profit (loss) for the period before taxes | 9903 | €93,798 | -€92,162 | -€185,960 | |
| Income taxes | 67/77 | €57,493 | €11,368 | -€46,125 | -80.2% |
| Profit (loss) for the period | 9904 | €36,305 | -€103,530 | -€139,835 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,305 | -€103,530 | -€139,835 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.