VVO drinks: 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.
VVO drinks
Largest movements
- Cash +€260,766
up €260,766 (+103%), from €253,251 to €514,017
mainly Net result for the year (+€338,471) and Trade debts (+€300,315)
- Stocks and contracts +€257,895
up €257,895 (+33.1%), from €779,512 to €1.0m
- Receivables within one year +€250,549
up €250,549 (+23.4%), from €1.1m to €1.3m
of which Trade receivables: +€137,568
- Tangible fixed assets +€47,255
up €47,255 (+58.5%), from €80,826 to €128,081
of which Furniture and vehicles: +€54,638
- Reserves +€338,471
up €338,471 (+88.8%), from €381,116 to €719,587
of which Distributable reserves: +€338,471
- Trade debts +€300,315
up €300,315 (+33.6%), from €894,036 to €1.2m
- Tax, wage and social debts +€99,926
up €99,926 (+514%), from €19,451 to €119,377
of which Taxes: +€99,386
- Other debts +€38,938
up €38,938 (+28.8%), from €134,999 to €173,937
- Debts after one year +€36,766
up €36,766 (+31.2%), from €117,743 to €154,509
- Gross operating margin +€338,735
up €338,735 (+65.3%), from €518,931 to €857,666
- Taxes +€108,449
up €108,449 (+1,013%), from €10,703 to €119,152
- Staff costs +€77,552
up €77,552 (+49.9%), from €155,383 to €232,935
- Write-downs -€26,824
no longer reported in 2024 (was €26,824)
- Financial charges +€14,328
up €14,328 (+16.2%), from €88,559 to €102,887
of which Financial charges: +€18,433
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,201,687 | €3,020,027 | +€818,340 | +37.2% |
| Fixed assets | 21/28 | €80,826 | €128,581 | +€47,755 | +59.1% |
| Tangible fixed assets | 22/27 | €80,826 | €128,081 | +€47,255 | +58.5% |
| Plant, machinery and equipment | 23 | €7,563 | €5,385 | -€2,178 | -28.8% |
| Furniture and vehicles | 24 | €42,193 | €96,831 | +€54,638 | +129% |
| Other tangible fixed assets | 26 | €31,070 | €25,864 | -€5,205 | -16.8% |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Current assets | 29/58 | €2,120,861 | €2,891,446 | +€770,585 | +36.3% |
| Stocks and contracts in progress | 3 | €779,512 | €1,037,406 | +€257,895 | +33.1% |
| Stocks | 30/36 | €779,512 | €1,037,406 | +€257,895 | +33.1% |
| Amounts receivable within one year | 40/41 | €1,068,690 | €1,319,239 | +€250,549 | +23.4% |
| Trade receivables | 40 | €776,513 | €914,081 | +€137,568 | +17.7% |
| Other amounts receivable | 41 | €292,177 | €405,158 | +€112,981 | +38.7% |
| Cash at bank and in hand | 54/58 | €253,251 | €514,017 | +€260,766 | +103% |
| Deferred charges and accrued income | 490/1 | €19,408 | €20,783 | +€1,375 | +7.1% |
| Total equity and liabilities | 10/49 | €2,201,687 | €3,020,027 | +€818,340 | +37.2% |
| Equity | 10/15 | €681,116 | €1,019,587 | +€338,471 | +49.7% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Contributions outside capital | 11 | €300,000 | €300,000 | = | 0.0% |
| Other | 1109/19 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €381,116 | €719,587 | +€338,471 | +88.8% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €25,000 | €25,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €332,366 | €670,837 | +€338,471 | +102% |
| Amounts payable | 17/49 | €1,520,570 | €2,000,440 | +€479,869 | +31.6% |
| Amounts payable after more than one year | 17 | €117,743 | €154,509 | +€36,766 | +31.2% |
| Financial debts | 170/4 | €117,743 | €154,509 | +€36,766 | +31.2% |
| Amounts payable within one year | 42/48 | €1,395,218 | €1,828,353 | +€433,135 | +31.0% |
| Current portion of amounts payable after more than one year | 42 | €21,732 | €15,688 | -€6,044 | -27.8% |
| Financial debts | 43 | €325,000 | €325,000 | = | 0.0% |
| Credit institutions | 430/8 | €325,000 | €325,000 | = | 0.0% |
| Trade debts | 44 | €894,036 | €1,194,351 | +€300,315 | +33.6% |
| Suppliers | 440/4 | €894,036 | €1,194,351 | +€300,315 | +33.6% |
| Taxes, remuneration and social security | 45 | €19,451 | €119,377 | +€99,926 | +514% |
| Taxes | 450/3 | €974 | €100,360 | +€99,386 | +10,209% |
| Remuneration and social security | 454/9 | €18,478 | €19,018 | +€540 | +2.9% |
| Other amounts payable | 47/48 | €134,999 | €173,937 | +€38,938 | +28.8% |
| Accrued charges and deferred income | 492/3 | €7,609 | €17,578 | +€9,968 | +131% |
| Non-recurring operating income | 76A | €10,550 | €644 | -€9,906 | -93.9% |
| Remuneration, social security and pensions | 62 | €155,383 | €232,935 | +€77,552 | +49.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,469 | €34,389 | -€12,081 | -26.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €26,824 | - | -€26,824 | |
| Other operating charges | 640/8 | €26,829 | €29,832 | +€3,003 | +11.2% |
| Non-recurring operating charges | 66A | - | €0 | +€0 | |
| Gross operating margin | 9900 | €518,931 | €857,666 | +€338,735 | +65.3% |
| Operating profit (loss) | 9901 | €263,426 | €560,510 | +€297,084 | +113% |
| Financial income | 75/76B | €330 | - | -€330 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Non-recurring financial income | 76B | €330 | - | -€330 | |
| Financial charges | 65/66B | €88,559 | €102,887 | +€14,328 | +16.2% |
| Recurring financial charges | 65 | €84,329 | €102,762 | +€18,433 | +21.9% |
| Non-recurring financial charges | 66B | €4,230 | €125 | -€4,105 | -97.0% |
| Profit (loss) for the period before taxes | 9903 | €175,197 | €457,623 | +€282,426 | +161% |
| Income taxes | 67/77 | €10,703 | €119,152 | +€108,449 | +1,013% |
| Profit (loss) for the period | 9904 | €164,494 | €338,471 | +€173,977 | +106% |
| Profit (loss) for the period to be appropriated | 9905 | €164,494 | €338,471 | +€173,977 | +106% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.