FIRST 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.
FIRST DRINK
Largest movements
- Receivables within one year -€1.4m
down €1.4m (-59.3%), from €2.4m to €991,261
of which Trade receivables: -€1.5m
- Stocks and contracts -€54,180
down €54,180 (-44.7%), from €121,250 to €67,070
- Cash +€37,167
up €37,167 (+63.7%), from €58,321 to €95,488
mainly Receivables within one year (+€1.4m) and Stocks and contracts (+€54,180)
- Trade debts -€1.1m
down €1.1m (-54.3%), from €2.1m to €957,689
- Advances received -€239,543
no longer reported in 2025 (was €239,543)
- Other debts -€85,347
no longer reported in 2025 (was €85,347)
- Profit (loss) carried forward +€34,176
up €34,176 (+30.6%), from €111,805 to €145,981
- Tax, wage and social debts -€27,451
down €27,451 (-31.0%), from €88,560 to €61,109
of which Taxes: -€25,792
- Other operating charges -€12,274
down €12,274 (-54.1%), from €22,676 to €10,402
- Financial charges -€11,951
down €11,951 (-60.5%), from €19,761 to €7,810
- Gross operating margin -€7,485
down €7,485 (-4.7%), from €158,460 to €150,975
- Taxes +€2,803
up €2,803 (+15.1%), from €18,541 to €21,344
- Depreciation -€1,696
down €1,696 (-8.3%), from €20,450 to €18,754
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 | €2,676,397 | €1,195,637 | -€1.5m | -55.3% |
| Formation expenses | 20 | €84 | - | -€84 | |
| Fixed assets | 21/28 | €58,069 | €39,400 | -€18,670 | -32.2% |
| Tangible fixed assets | 22/27 | €58,069 | €39,400 | -€18,670 | -32.2% |
| Furniture and vehicles | 24 | €58,069 | €39,400 | -€18,670 | -32.2% |
| Current assets | 29/58 | €2,618,244 | €1,156,238 | -€1.5m | -55.8% |
| Stocks and contracts in progress | 3 | €121,250 | €67,070 | -€54,180 | -44.7% |
| Stocks | 30/36 | €121,250 | €67,070 | -€54,180 | -44.7% |
| Amounts receivable within one year | 40/41 | €2,436,746 | €991,261 | -€1.4m | -59.3% |
| Trade receivables | 40 | €2,433,166 | €977,997 | -€1.5m | -59.8% |
| Other amounts receivable | 41 | €3,580 | €13,264 | +€9,684 | +270.5% |
| Cash at bank and in hand | 54/58 | €58,321 | €95,488 | +€37,167 | +63.7% |
| Deferred charges and accrued income | 490/1 | €1,926 | €2,419 | +€493 | +25.6% |
| Total equity and liabilities | 10/49 | €2,676,397 | €1,195,637 | -€1.5m | -55.3% |
| Equity | 10/15 | €131,805 | €165,981 | +€34,176 | +25.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €111,805 | €145,981 | +€34,176 | +30.6% |
| Amounts payable | 17/49 | €2,544,592 | €1,029,657 | -€1.5m | -59.5% |
| Amounts payable after more than one year | 17 | €5,767 | - | -€5,767 | |
| Financial debts | 170/4 | €5,767 | - | -€5,767 | |
| Amounts payable within one year | 42/48 | €2,538,825 | €1,029,657 | -€1.5m | -59.4% |
| Current portion of amounts payable after more than one year | 42 | €27,531 | €10,858 | -€16,672 | -60.6% |
| Trade debts | 44 | €2,097,843 | €957,689 | -€1.1m | -54.3% |
| Suppliers | 440/4 | €2,097,843 | €957,689 | -€1.1m | -54.3% |
| Advances received on contracts in progress | 46 | €239,543 | - | -€239,543 | |
| Taxes, remuneration and social security | 45 | €88,560 | €61,109 | -€27,451 | -31.0% |
| Taxes | 450/3 | €60,918 | €35,125 | -€25,792 | -42.3% |
| Remuneration and social security | 454/9 | €27,643 | €25,984 | -€1,659 | -6.0% |
| Other amounts payable | 47/48 | €85,347 | - | -€85,347 | |
| Remuneration, social security and pensions | 62 | €57,305 | €58,989 | +€1,684 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,450 | €18,754 | -€1,696 | -8.3% |
| Other operating charges | 640/8 | €22,676 | €10,402 | -€12,274 | -54.1% |
| Gross operating margin | 9900 | €158,460 | €150,975 | -€7,485 | -4.7% |
| Operating profit (loss) | 9901 | €58,029 | €62,829 | +€4,800 | +8.3% |
| Financial income | 75/76B | €106 | €501 | +€395 | +371.0% |
| Recurring financial income | 75 | €106 | €501 | +€395 | +371.0% |
| Financial charges | 65/66B | €19,761 | €7,810 | -€11,951 | -60.5% |
| Recurring financial charges | 65 | €19,761 | €7,810 | -€11,951 | -60.5% |
| Profit (loss) for the period before taxes | 9903 | €38,375 | €55,520 | +€17,146 | +44.7% |
| Income taxes | 67/77 | €18,541 | €21,344 | +€2,803 | +15.1% |
| Profit (loss) for the period | 9904 | €19,833 | €34,176 | +€14,343 | +72.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,833 | €34,176 | +€14,343 | +72.3% |
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 1 October 2026 via checked.be.