MELL'S DRINKS - IMMO: 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
MELL'S DRINKS - IMMO
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€425,360
2024 · €513,808-€88,448
Equity
€4.6m
2024 · €4.1m+€425,360
Cash
€170,133
2024 · €314,053-€143,920
Balance sheet total
€20.2m
2024 · €12.6m+€7.6m
Largest movements
Assets
- Tangible fixed assets +€7.7m
up €7.7m (+62.6%), from €12.3m to €20.0m
of which Land and buildings: +€7.4m
Equity and liabilities
- Debts after one year +€5.4m
up €5.4m (+138%), from €3.9m to €9.4m
of which Financial debts: +€5.4m
- Other debts +€1.6m
up €1.6m (+43.9%), from €3.6m to €5.2m
- Reserves +€399,366
up €399,366 (+20.4%), from €2.0m to €2.4m
of which Distributable reserves: +€327,159
Income statement
- Gross operating margin +€593,326
up €593,326 (+40.0%), from €1.5m to €2.1m
- Depreciation +€512,709
up €512,709 (+84.1%), from €609,900 to €1.1m
- Financial charges +€163,253
up €163,253 (+116%), from €140,427 to €303,680
- Other operating charges +€36,795
up €36,795 (+69.9%), from €52,607 to €89,402
- Taxes -€29,847
down €29,847 (-16.7%), from €178,847 to €149,000
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
€513,808
Gross operating margin
+€593,326
Depreciation
-€512,709
Other operating charges
-€36,795
Financial income
+€1,136
Financial charges
-€163,253
Taxes
+€29,847
Result 2025
€425,360
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
+€3.1m
Investment
-€8.8m
Financing
+€5.6m
Cash 2024
€314,053
From operations (derived)
+€3.1m
Net result for the year
+€425,360
Depreciation
+€1.1m
Receivables within one year
-€43,788
Smaller working-capital items
-€23,309
Other debts
+€1.6m
Accrued charges and deferred income
+€27,324
Investment (derived)
-€8.8m
Investment in fixed assets (net)
-€8.8m
Financing
+€5.6m
Debts after one year
+€5.4m
Current portion of long-term debt
+€142,129
Cash 2025
€170,133
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,625,949 | €20,223,777 | +€7.6m | +60.2% |
| Fixed assets | 21/28 | €12,299,587 | €20,001,052 | +€7.7m | +62.6% |
| Tangible fixed assets | 22/27 | €12,299,587 | €20,001,052 | +€7.7m | +62.6% |
| Land and buildings | 22 | €12,202,256 | €19,641,404 | +€7.4m | +61.0% |
| Other tangible fixed assets | 26 | €97,331 | €359,648 | +€262,318 | +270% |
| Current assets | 29/58 | €326,362 | €222,724 | -€103,638 | -31.8% |
| Amounts receivable within one year | 40/41 | €6,288 | €50,075 | +€43,788 | +696% |
| Trade receivables | 40 | - | €12,500 | +€12,500 | |
| Other amounts receivable | 41 | €6,288 | €37,575 | +€31,288 | +498% |
| Cash at bank and in hand | 54/58 | €314,053 | €170,133 | -€143,920 | -45.8% |
| Deferred charges and accrued income | 490/1 | €6,022 | €2,516 | -€3,506 | -58.2% |
| Total equity and liabilities | 10/49 | €12,625,949 | €20,223,777 | +€7.6m | +60.2% |
| Equity | 10/15 | €4,148,713 | €4,574,073 | +€425,360 | +10.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,960,447 | €2,359,813 | +€399,366 | +20.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €549,347 | €621,554 | +€72,207 | +13.1% |
| Distributable reserves | 133 | €1,404,900 | €1,732,059 | +€327,159 | +23.3% |
| Profit (loss) carried forward | 14 | €2,126,266 | €2,152,260 | +€25,994 | +1.2% |
| Provisions and deferred taxes | 16 | €129,495 | €117,022 | -€12,473 | -9.6% |
| Deferred taxes | 168 | €129,495 | €117,022 | -€12,473 | -9.6% |
| Amounts payable | 17/49 | €8,347,741 | €15,532,681 | +€7.2m | +86.1% |
| Amounts payable after more than one year | 17 | €3,937,380 | €9,366,610 | +€5.4m | +138% |
| Financial debts | 170/4 | €2,967,175 | €8,392,936 | +€5.4m | +183% |
| Other amounts payable | 178/9 | €970,205 | €973,674 | +€3,470 | +0.4% |
| Amounts payable within one year | 42/48 | €4,337,551 | €6,065,936 | +€1.7m | +39.8% |
| Current portion of amounts payable after more than one year | 42 | €672,386 | €814,515 | +€142,129 | +21.1% |
| Trade debts | 44 | €1,134 | €5,639 | +€4,505 | +397% |
| Suppliers | 440/4 | €1,134 | €5,639 | +€4,505 | +397% |
| Taxes, remuneration and social security | 45 | €18,847 | €0 | -€18,847 | -100% |
| Taxes | 450/3 | €18,847 | €0 | -€18,847 | -100% |
| Other amounts payable | 47/48 | €3,645,184 | €5,245,782 | +€1.6m | +43.9% |
| Accrued charges and deferred income | 492/3 | €72,810 | €100,135 | +€27,324 | +37.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €609,900 | €1,122,609 | +€512,709 | +84.1% |
| Other operating charges | 640/8 | €52,607 | €89,402 | +€36,795 | +69.9% |
| Gross operating margin | 9900 | €1,481,732 | €2,075,058 | +€593,326 | +40.0% |
| Operating profit (loss) | 9901 | €819,225 | €863,047 | +€43,822 | +5.3% |
| Financial income | 75/76B | €1,384 | €2,520 | +€1,136 | +82.0% |
| Recurring financial income | 75 | €1,384 | €2,520 | +€1,136 | +82.0% |
| Financial charges | 65/66B | €140,427 | €303,680 | +€163,253 | +116% |
| Recurring financial charges | 65 | €140,427 | €303,680 | +€163,253 | +116% |
| Profit (loss) for the period before taxes | 9903 | €680,182 | €561,887 | -€118,295 | -17.4% |
| Transfer from deferred taxes | 780 | €12,473 | €12,473 | = | 0.0% |
| Income taxes | 67/77 | €178,847 | €149,000 | -€29,847 | -16.7% |
| Profit (loss) for the period | 9904 | €513,808 | €425,360 | -€88,448 | -17.2% |
| Transfer from tax-exempt reserves | 789 | €28,621 | €54,093 | +€25,472 | +89.0% |
| Transfer to tax-exempt reserves | 689 | €84,200 | €126,300 | +€42,100 | +50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €458,229 | €353,153 | -€105,076 | -22.9% |
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 29 October 2026 via checked.be.