IMPORTED PREMIUM BEVERAGES: 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.
What changed
IMPORTED PREMIUM BEVERAGES
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€7.5m
2024 · €591,687+€6.9m
Equity
€150.8m
2024 · €18.5m+€132.3m
Cash
€23.6m
2024 · €1.6m+€22.0m
Balance sheet total
€221.5m
2024 · €19.6m+€201.9m
Largest movements
Assets
- Fixed assets +€127.2m
up €127.2m (+1,511%), from €8.4m to €135.6m
of which Tangible fixed assets: +€110.7m
- Receivables within one year +€32.2m
up €32.2m (+9,660%), from €332,904 to €32.5m
of which Trade receivables: +€27.6m
- Cash +€22.0m
up €22.0m (+1,346%), from €1.6m to €23.6m
mainly Contributions, distributions and other (+€124.8m) and Debts after one year (+€28.2m)
- Stocks and contracts +€13.2m
new in 2025: €13.2m
of which Stocks: +€13.2m
- Current investments +€8.5m
up €8.5m (+230%), from €3.7m to €12.3m
of which Other investments: +€8.5m
Equity and liabilities
- Equity +€132.3m
up €132.3m (+717%), from €18.5m to €150.8m
- Debts after one year +€28.2m
new in 2025: €28.2m
of which Financial debts: +€26.6m
- Trade debts +€27.5m
up €27.5m (+23,370%), from €117,666 to €27.6m
of which Suppliers: +€27.5m
- Tax, wage and social debts +€5.0m
up €5.0m (+5,152%), from €97,238 to €5.1m
of which Remuneration and social security: +€3.4m
- Current portion of long-term debt +€4.8m
new in 2025: €4.8m
Income statement
- Turnover +€172.5m
up €172.5m (+12,276%), from €1.4m to €173.9m
- Goods and materials +€113.0m
new in 2025: €113.0m
of which Purchases: +€113.2m
- Services and other goods +€33.8m
up €33.8m (+4,541%), from €745,172 to €34.6m
- Staff costs +€27.5m
up €27.5m (+4,710%), from €584,489 to €28.1m
- Other operating income +€24.3m
up €24.3m (+7,102%), from €342,831 to €24.7m
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.
Result 2024
€591,687
Turnover
+€172.5m
Other operating income
+€24.3m
Goods and materials
-€113.0m
Services and other goods
-€33.8m
Staff costs
-€27.5m
Depreciation
-€10.2m
Write-downs
-€25,000
Other operating charges
-€2.6m
Other operating items
-€31,000
Financial income
+€1.3m
Financial charges
-€1.3m
Taxes
-€2.6m
Deferred taxes and other
-€62,000
Result 2025
€7.5m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€10.0m
Investment
-€145.9m
Financing
+€157.9m
Cash 2024
€1.6m
From operations (derived)
+€10.0m
Net result for the year
+€7.5m
Depreciation
+€10.2m
Receivables after one year
+€1.3m
Stocks and contracts
-€13.2m
Receivables within one year
-€32.2m
Smaller working-capital items
-€42,687
Provisions
+€2.4m
Trade debts
+€27.5m
Tax, wage and social debts
+€5.0m
Other debts
+€1.4m
Investment (derived)
-€145.9m
Investment in fixed assets (net)
-€137.4m
Current investments
-€8.5m
Financing
+€157.9m
Debts after one year
+€28.2m
Current portion of long-term debt
+€4.8m
Short-term financial debts
+€4,000
Contributions, distributions and other
+€124.8m
Not broken down
+€49,000
Cash 2025
€23.6m
brings cash intakes cash outdifference the filed balance sheets leave
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,582,091 | €221,463,000 | +€201.9m | +1,031% |
| Fixed assets | 21/28 | €8,413,574 | €135,581,000 | +€127.2m | +1,511% |
| Intangible fixed assets | 21 | €12,840 | €5,518,000 | +€5.5m | +42,875% |
| Tangible fixed assets | 22/27 | €86,396 | €110,784,000 | +€110.7m | +128,128% |
| Land and buildings | 22 | - | €85,294,000 | +€85.3m | |
| Plant, machinery and equipment | 23 | - | €1,092,000 | +€1.1m | |
| Furniture and vehicles | 24 | €86,396 | €5,897,000 | +€5.8m | +6,726% |
| Leasing and similar rights | 25 | - | €9,000 | +€9,000 | |
| Other tangible fixed assets | 26 | - | €18,482,000 | +€18.5m | |
| Assets under construction and advance payments | 27 | - | €10,000 | +€10,000 | |
| Financial fixed assets | 28 | €8,314,338 | €922,000 | -€7.4m | -88.9% |
| Affiliated companies | 280/1 | €8,314,338 | - | -€8.3m | |
| Participating interests | 280 | €8,314,338 | - | -€8.3m | |
| Other financial fixed assets | 284/8 | - | €651,000 | +€651,000 | |
| Shares | 284 | - | €454,000 | +€454,000 | |
| Amounts receivable and cash guarantees | 285/8 | - | €197,000 | +€197,000 | |
| Current assets | 29/58 | €11,168,517 | €85,881,000 | +€74.7m | +669% |
| Amounts receivable after more than one year | 29 | €5,410,425 | €4,097,000 | -€1.3m | -24.3% |
| Trade receivables | 290 | €5,410,425 | €4,097,000 | -€1.3m | -24.3% |
| Other amounts receivable | 291 | - | €0 | = | |
| Stocks and contracts in progress | 3 | - | €13,163,000 | +€13.2m | |
| Stocks | 30/36 | - | €13,163,000 | +€13.2m | |
| Raw materials and consumables | 30/31 | - | €131,000 | +€131,000 | |
| Work in progress | 32 | - | €0 | = | |
| Finished goods | 33 | - | €0 | = | |
| Goods purchased for resale | 34 | - | €13,032,000 | +€13.0m | |
| Property held for sale | 35 | - | €0 | = | |
| Advance payments | 36 | - | €0 | = | |
| Contracts in progress | 37 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €332,904 | €32,491,000 | +€32.2m | +9,660% |
| Trade receivables | 40 | €2,904 | €27,565,000 | +€27.6m | +949,108% |
| Other amounts receivable | 41 | €330,000 | €4,925,000 | +€4.6m | +1,392% |
| Current investments | 50/53 | €3,715,583 | €12,262,000 | +€8.5m | +230% |
| Own shares | 50 | - | €0 | = | |
| Other investments | 51/53 | €3,715,583 | €12,262,000 | +€8.5m | +230% |
| Cash at bank and in hand | 54/58 | €1,634,422 | €23,633,000 | +€22.0m | +1,346% |
| Deferred charges and accrued income | 490/1 | €75,183 | €235,000 | +€159,817 | +213% |
| Total equity and liabilities | 10/49 | €19,582,091 | €221,463,000 | +€201.9m | +1,031% |
| Equity | 10/15 | €18,459,192 | €150,767,000 | +€132.3m | +717% |
| Contributions | 10/11 | €61,500 | €18,836,000 | +€18.8m | +30,528% |
| Capital | 10 | €61,500 | €18,836,000 | +€18.8m | +30,528% |
| Issued capital | 100 | €61,500 | €18,836,000 | +€18.8m | +30,528% |
| Uncalled capital | 101 | - | €0 | = | |
| Contributions outside capital | 11 | - | €3,000 | +€3,000 | |
| Revaluation surpluses | 12 | - | €984,000 | +€984,000 | |
| Reserves | 13 | €10,006,150 | - | -€10.0m | |
| Non-distributable reserves | 130/1 | €6,150 | - | -€6,150 | |
| Legal reserve | 130 | €6,150 | - | -€6,150 | |
| Distributable reserves | 133 | €10,000,000 | - | -€10.0m | |
| Profit (loss) carried forward | 14 | €8,391,542 | - | -€8.4m | |
| Investment grants | 15 | - | €524,000 | +€524,000 | |
| Provisions and deferred taxes | 16 | - | €2,427,000 | +€2.4m | |
| Provisions for liabilities and charges | 160/5 | - | €264,000 | +€264,000 | |
| Pensions and similar obligations | 160 | - | €0 | = | |
| Taxes | 161 | - | €0 | = | |
| Major repairs and maintenance | 162 | - | €0 | = | |
| Environmental obligations | 163 | - | €0 | = | |
| Other liabilities and charges | 164/5 | - | €264,000 | +€264,000 | |
| Deferred taxes | 168 | - | €2,163,000 | +€2.2m | |
| Amounts payable | 17/49 | €1,122,899 | €68,219,000 | +€67.1m | +5,975% |
| Amounts payable after more than one year | 17 | - | €28,236,000 | +€28.2m | |
| Financial debts | 170/4 | - | €26,602,000 | +€26.6m | |
| Subordinated loans | 170 | - | €0 | = | |
| Unsubordinated bonds | 171 | - | €0 | = | |
| Leasing and similar obligations | 172 | - | €44,000 | +€44,000 | |
| Credit institutions | 173 | - | €26,557,000 | +€26.6m | |
| Other loans | 174 | - | €0 | = | |
| Trade debts | 175 | - | €0 | = | |
| Suppliers | 1750 | - | €0 | = | |
| Bills of exchange payable | 1751 | - | €0 | = | |
| Advances received on contracts in progress | 176 | - | €0 | = | |
| Other amounts payable | 178/9 | - | €1,635,000 | +€1.6m | |
| Amounts payable within one year | 42/48 | €1,117,029 | €39,860,000 | +€38.7m | +3,468% |
| Current portion of amounts payable after more than one year | 42 | - | €4,833,000 | +€4.8m | |
| Financial debts | 43 | - | €4,000 | +€4,000 | |
| Credit institutions | 430/8 | - | €0 | = | |
| Other loans | 439 | - | €4,000 | +€4,000 | |
| Trade debts | 44 | €117,666 | €27,616,000 | +€27.5m | +23,370% |
| Suppliers | 440/4 | €117,666 | €27,616,000 | +€27.5m | +23,370% |
| Bills of exchange payable | 441 | - | €0 | = | |
| Advances received on contracts in progress | 46 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €97,238 | €5,107,000 | +€5.0m | +5,152% |
| Taxes | 450/3 | €24,358 | €1,663,000 | +€1.6m | +6,727% |
| Remuneration and social security | 454/9 | €72,880 | €3,444,000 | +€3.4m | +4,626% |
| Other amounts payable | 47/48 | €902,125 | €2,300,000 | +€1.4m | +155% |
| Accrued charges and deferred income | 492/3 | €5,870 | €123,000 | +€117,130 | +1,996% |
| Operating income | 70/76A | €1,747,731 | €198,786,000 | +€197.0m | +11,274% |
| Turnover | 70 | €1,404,900 | €173,872,000 | +€172.5m | +12,276% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | - | €0 | = | |
| Own construction capitalised | 72 | - | €0 | = | |
| Other operating income | 74 | €342,831 | €24,690,000 | +€24.3m | +7,102% |
| Non-recurring operating income | 76A | - | €224,000 | +€224,000 | |
| Operating charges | 60/66A | €1,394,290 | €188,842,000 | +€187.4m | +13,444% |
| Goods for resale, raw materials and consumables | 60 | - | €112,985,000 | +€113.0m | |
| Purchases | 600/8 | - | €113,210,000 | +€113.2m | |
| Change in stocks: decrease (increase) | 609 | - | -€225,000 | -€225,000 | |
| Services and other goods | 61 | €745,172 | €34,587,000 | +€33.8m | +4,541% |
| Remuneration, social security and pensions | 62 | €584,489 | €28,114,000 | +€27.5m | +4,710% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,353 | €10,226,000 | +€10.2m | +17,129% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €25,000 | +€25,000 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €0 | = | |
| Other operating charges | 640/8 | €5,276 | €2,651,000 | +€2.6m | +50,149% |
| Operating charges capitalised as restructuring costs | 649 | - | €0 | = | |
| Non-recurring operating charges | 66A | - | €61,000 | +€61,000 | |
| Operating profit (loss) | 9901 | €353,441 | €9,943,000 | +€9.6m | +2,713% |
| Financial income | 75/76B | €427,494 | €1,713,000 | +€1.3m | +301% |
| Recurring financial income | 75 | €427,494 | €1,707,000 | +€1.3m | +299% |
| Income from financial fixed assets | 750 | €31,320 | €631,000 | +€599,680 | +1,915% |
| Income from current assets | 751 | €324,528 | €482,000 | +€157,472 | +48.5% |
| Other financial income | 752/9 | €71,646 | €594,000 | +€522,354 | +729% |
| Financial charges | 65/66B | €10,236 | €1,266,000 | +€1.3m | +12,268% |
| Recurring financial charges | 65 | €10,236 | €1,217,000 | +€1.2m | +11,790% |
| Debt charges | 650 | €4,623 | €1,081,000 | +€1.1m | +23,282% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€421,385 | -€1,000 | +€420,385 | +99.8% |
| Other financial charges | 652/9 | €426,998 | €138,000 | -€288,998 | -67.7% |
| Non-recurring financial charges | 66B | - | €49,000 | +€49,000 | |
| Profit (loss) for the period before taxes | 9903 | €770,699 | €10,390,000 | +€9.6m | +1,248% |
| Transfer from deferred taxes | 780 | - | €161,000 | +€161,000 | |
| Transfer to deferred taxes | 680 | - | €223,000 | +€223,000 | |
| Income taxes | 67/77 | €179,011 | €2,806,000 | +€2.6m | +1,467% |
| Taxes | 670/3 | €179,011 | - | -€179,011 | |
| Profit (loss) for the period | 9904 | €591,687 | €7,522,000 | +€6.9m | +1,171% |
| Profit (loss) for the period to be appropriated | 9905 | €591,687 | - | -€591,687 |
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 23 October 2026 via checked.be.