MAXT Dranken: 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
MAXT Dranken
NACE 46.349, Wholesale of beverages, general range
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€25,228
2024 · €42,565-€17,338
Equity
€174,101
2024 · €173,591+€510
Cash
€27,314
2024 · €134,630-€107,316
Balance sheet total
€339,767
2024 · €397,293-€57,526
Largest movements
Assets
- Cash -€107,316
down €107,316 (-79.7%), from €134,630 to €27,314
mainly Stocks and contracts (-€52,769) and Trade debts (-€39,758)
- Stocks and contracts +€52,769
up €52,769 (+33.9%), from €155,720 to €208,489
- Intangible fixed assets -€5,000
down €5,000 (-54.5%), from €9,167 to €4,167
Equity and liabilities
- Trade debts -€39,758
down €39,758 (-26.1%), from €152,312 to €112,554
- Debts after one year -€10,240
down €10,240 (-24.9%), from €41,099 to €30,859
- Tax, wage and social debts -€6,845
down €6,845 (-37.7%), from €18,157 to €11,312
of which Taxes: -€8,670
Income statement
- Gross operating margin -€10,845
down €10,845 (-9.2%), from €118,456 to €107,611
- Depreciation +€5,182
up €5,182 (+20.5%), from €25,323 to €30,505
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
€42,565
Gross operating margin
-€10,845
Staff costs
+€166
Depreciation
-€5,182
Other operating charges
-€149
Financial income
-€589
Financial charges
-€927
Taxes
+€190
Result 2025
€25,228
raises the resultlowers the result
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
-€47,790
Investment
-€24,695
Financing
-€34,831
Cash 2024
€134,630
From operations (derived)
-€47,790
Net result for the year
+€25,228
Depreciation
+€30,505
Stocks and contracts
-€52,769
Receivables within one year
-€3,159
Deferred charges and accrued income
+€327
Trade debts
-€39,758
Tax, wage and social debts
-€6,845
Other debts
-€1,320
Investment (derived)
-€24,695
Investment in fixed assets (net)
-€24,695
Financing
-€34,831
Debts after one year
-€10,240
Current portion of long-term debt
+€127
Contributions, distributions and other
-€24,718
Cash 2025
€27,314
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €397,293 | €339,767 | -€57,526 | -14.5% |
| Fixed assets | 21/28 | €68,059 | €62,249 | -€5,810 | -8.5% |
| Intangible fixed assets | 21 | €9,167 | €4,167 | -€5,000 | -54.5% |
| Tangible fixed assets | 22/27 | €58,758 | €57,947 | -€810 | -1.4% |
| Plant, machinery and equipment | 23 | €20,609 | €14,519 | -€6,090 | -29.6% |
| Furniture and vehicles | 24 | €36,315 | €42,595 | +€6,280 | +17.3% |
| Other tangible fixed assets | 26 | €1,833 | €833 | -€1,000 | -54.5% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €329,234 | €277,518 | -€51,716 | -15.7% |
| Stocks and contracts in progress | 3 | €155,720 | €208,489 | +€52,769 | +33.9% |
| Stocks | 30/36 | €155,720 | €208,489 | +€52,769 | +33.9% |
| Amounts receivable within one year | 40/41 | €32,891 | €36,050 | +€3,159 | +9.6% |
| Trade receivables | 40 | €32,891 | €33,096 | +€205 | +0.6% |
| Other amounts receivable | 41 | €0 | €2,954 | +€2,954 | |
| Cash at bank and in hand | 54/58 | €134,630 | €27,314 | -€107,316 | -79.7% |
| Deferred charges and accrued income | 490/1 | €5,993 | €5,666 | -€327 | -5.5% |
| Total equity and liabilities | 10/49 | €397,293 | €339,767 | -€57,526 | -14.5% |
| Equity | 10/15 | €173,591 | €174,101 | +€510 | +0.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €123,591 | €124,073 | +€482 | +0.4% |
| Distributable reserves | 133 | €123,591 | €124,073 | +€482 | +0.4% |
| Profit (loss) carried forward | 14 | - | €28 | +€28 | |
| Amounts payable | 17/49 | €223,702 | €165,666 | -€58,036 | -25.9% |
| Amounts payable after more than one year | 17 | €41,099 | €30,859 | -€10,240 | -24.9% |
| Financial debts | 170/4 | €41,099 | €30,859 | -€10,240 | -24.9% |
| Amounts payable within one year | 42/48 | €182,603 | €134,807 | -€47,796 | -26.2% |
| Current portion of amounts payable after more than one year | 42 | €10,113 | €10,240 | +€127 | +1.3% |
| Trade debts | 44 | €152,312 | €112,554 | -€39,758 | -26.1% |
| Suppliers | 440/4 | €152,312 | €112,554 | -€39,758 | -26.1% |
| Taxes, remuneration and social security | 45 | €18,157 | €11,312 | -€6,845 | -37.7% |
| Taxes | 450/3 | €13,205 | €4,535 | -€8,670 | -65.7% |
| Remuneration and social security | 454/9 | €4,952 | €6,777 | +€1,825 | +36.9% |
| Other amounts payable | 47/48 | €2,021 | €701 | -€1,320 | -65.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €38,094 | €37,928 | -€166 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,323 | €30,505 | +€5,182 | +20.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,586 | €1,735 | +€149 | +9.4% |
| Gross operating margin | 9900 | €118,456 | €107,611 | -€10,845 | -9.2% |
| Operating profit (loss) | 9901 | €53,453 | €37,442 | -€16,011 | -30.0% |
| Financial income | 75/76B | €1,395 | €805 | -€589 | -42.2% |
| Recurring financial income | 75 | €1,395 | €805 | -€589 | -42.2% |
| Financial charges | 65/66B | €1,922 | €2,850 | +€927 | +48.2% |
| Recurring financial charges | 65 | €1,922 | €2,850 | +€927 | +48.2% |
| Profit (loss) for the period before taxes | 9903 | €52,925 | €35,398 | -€17,527 | -33.1% |
| Income taxes | 67/77 | €10,360 | €10,170 | -€190 | -1.8% |
| Profit (loss) for the period | 9904 | €42,565 | €25,228 | -€17,338 | -40.7% |
| Profit (loss) for the period to be appropriated | 9905 | €42,565 | €25,228 | -€17,338 | -40.7% |
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 19 October 2026 via checked.be.