P.BACCUS: 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
P.BACCUS
NACE 46.349, Wholesale of beverages, general range
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€42,204
2024 · €107,323-€65,118
Equity
€697,047
2024 · €656,509+€40,538
Cash
€3,088
2024 · €6,257-€3,170
Balance sheet total
€768,781
2024 · €751,451+€17,330
Largest movements
Assets
- Financial fixed assets +€20,000
up €20,000 (+3.3%), from €599,520 to €619,520
Equity and liabilities
- Reserves +€42,204
up €42,204 (+6.9%), from €612,676 to €654,880
- Current portion of long-term debt -€35,119
down €35,119 (-94.9%), from €37,009 to €1,890
- Other debts +€20,273
up €20,273 (+118.9%), from €17,054 to €37,327
Income statement
- Financial charges +€43,339
up €43,339 (+844.2%), from €5,133 to €48,472
- Financial income -€19,818
down €19,818 (-99.2%), from €19,985 to €167
- Gross operating margin -€6,329
down €6,329 (-3.2%), from €197,490 to €191,161
- Staff costs -€4,930
down €4,930 (-5.9%), from €83,707 to €78,778
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
€107,323
Gross operating margin
-€6,329
Staff costs
+€4,930
Depreciation
+€124
Other operating charges
+€690
Financial income
-€19,818
Financial charges
-€43,339
Taxes
-€1,376
Result 2025
€42,204
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.
From operations
+€53,615
Investment
-€20,000
Financing
-€36,785
Cash 2024
€6,257
From operations (derived)
+€53,615
Net result for the year
+€42,204
Depreciation
+€4,364
Receivables within one year
-€694
Deferred charges and accrued income
-€4,169
Trade debts
-€6,183
Tax, wage and social debts
-€430
Other debts
+€20,273
Accrued charges and deferred income
-€1,750
Investment (derived)
-€20,000
Investment in fixed assets (net)
-€20,000
Financing
-€36,785
Current portion of long-term debt
-€35,119
Contributions, distributions and other
-€1,666
Cash 2025
€3,088
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €751,451 | €768,781 | +€17,330 | +2.3% |
| Fixed assets | 21/28 | €740,284 | €755,919 | +€15,636 | +2.1% |
| Tangible fixed assets | 22/27 | €140,764 | €136,399 | -€4,364 | -3.1% |
| Land and buildings | 22 | €137,440 | €133,860 | -€3,580 | -2.6% |
| Furniture and vehicles | 24 | €2,236 | €1,727 | -€509 | -22.8% |
| Other tangible fixed assets | 26 | €1,087 | €812 | -€275 | -25.3% |
| Financial fixed assets | 28 | €599,520 | €619,520 | +€20,000 | +3.3% |
| Current assets | 29/58 | €11,168 | €12,862 | +€1,694 | +15.2% |
| Amounts receivable within one year | 40/41 | €1,626 | €2,320 | +€694 | +42.7% |
| Trade receivables | 40 | €117 | €1,693 | +€1,576 | +1348.9% |
| Other amounts receivable | 41 | €1,509 | €628 | -€881 | -58.4% |
| Cash at bank and in hand | 54/58 | €6,257 | €3,088 | -€3,170 | -50.7% |
| Deferred charges and accrued income | 490/1 | €3,284 | €7,454 | +€4,169 | +126.9% |
| Total equity and liabilities | 10/49 | €751,451 | €768,781 | +€17,330 | +2.3% |
| Equity | 10/15 | €656,509 | €697,047 | +€40,538 | +6.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €612,676 | €654,880 | +€42,204 | +6.9% |
| Distributable reserves | 133 | €612,676 | €654,880 | +€42,204 | +6.9% |
| Profit (loss) carried forward | 14 | €13,833 | €12,167 | -€1,666 | -12.0% |
| Amounts payable | 17/49 | €94,943 | €71,734 | -€23,209 | -24.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €92,925 | €71,466 | -€21,459 | -23.1% |
| Current portion of amounts payable after more than one year | 42 | €37,009 | €1,890 | -€35,119 | -94.9% |
| Trade debts | 44 | €7,012 | €830 | -€6,183 | -88.2% |
| Suppliers | 440/4 | €7,012 | €830 | -€6,183 | -88.2% |
| Taxes, remuneration and social security | 45 | €31,850 | €31,420 | -€430 | -1.4% |
| Taxes | 450/3 | €17,651 | €10,828 | -€6,823 | -38.7% |
| Remuneration and social security | 454/9 | €14,199 | €20,592 | +€6,393 | +45.0% |
| Other amounts payable | 47/48 | €17,054 | €37,327 | +€20,273 | +118.9% |
| Accrued charges and deferred income | 492/3 | €2,017 | €268 | -€1,750 | -86.7% |
| Remuneration, social security and pensions | 62 | €83,707 | €78,778 | -€4,930 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,488 | €4,364 | -€124 | -2.8% |
| Other operating charges | 640/8 | €2,301 | €1,611 | -€690 | -30.0% |
| Gross operating margin | 9900 | €197,490 | €191,161 | -€6,329 | -3.2% |
| Operating profit (loss) | 9901 | €106,994 | €106,409 | -€585 | -0.5% |
| Financial income | 75/76B | €19,985 | €167 | -€19,818 | -99.2% |
| Recurring financial income | 75 | €19,985 | €167 | -€19,818 | -99.2% |
| Financial charges | 65/66B | €5,133 | €48,472 | +€43,339 | +844.2% |
| Recurring financial charges | 65 | €5,133 | €48,472 | +€43,339 | +844.2% |
| Profit (loss) for the period before taxes | 9903 | €121,846 | €58,104 | -€63,742 | -52.3% |
| Income taxes | 67/77 | €14,523 | €15,899 | +€1,376 | +9.5% |
| Profit (loss) for the period | 9904 | €107,323 | €42,204 | -€65,118 | -60.7% |
| Profit (loss) for the period to be appropriated | 9905 | €107,323 | €42,204 | -€65,118 | -60.7% |
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 12 October 2026 via checked.be.