ADELA VINO: 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.
ADELA VINO
Largest movements
- Stocks and contracts +€19,134
up €19,134 (+17.2%), from €110,991 to €130,125
- Tangible fixed assets -€10,120
down €10,120 (-21.1%), from €47,850 to €37,730
of which Other tangible fixed assets: -€9,994
- Other debts +€9,885
up €9,885 (+7.4%), from €134,023 to €143,909
- Gross operating margin -€6,653
down €6,653 (-24.3%), from €27,387 to €20,734
- Depreciation +€3,599
up €3,599 (+46.1%), from €7,812 to €11,411
- Taxes -€2,343
down €2,343 (-66.5%), from €3,522 to €1,179
- Financial charges +€1,172
up €1,172 (+21.5%), from €5,459 to €6,631
of which Non-recurring financial charges: +€840
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €207,330 | €214,256 | +€6,926 | +3.3% |
| Fixed assets | 21/28 | €47,850 | €37,730 | -€10,120 | -21.1% |
| Tangible fixed assets | 22/27 | €47,850 | €37,730 | -€10,120 | -21.1% |
| Plant, machinery and equipment | 23 | €1,920 | €1,794 | -€126 | -6.6% |
| Other tangible fixed assets | 26 | €45,930 | €35,936 | -€9,994 | -21.8% |
| Current assets | 29/58 | €159,480 | €176,526 | +€17,046 | +10.7% |
| Stocks and contracts in progress | 3 | €110,991 | €130,125 | +€19,134 | +17.2% |
| Stocks | 30/36 | €110,991 | €130,125 | +€19,134 | +17.2% |
| Amounts receivable within one year | 40/41 | €8,325 | €7,397 | -€928 | -11.2% |
| Other amounts receivable | 41 | €8,325 | €7,397 | -€928 | -11.2% |
| Cash at bank and in hand | 54/58 | €36,453 | €35,567 | -€886 | -2.4% |
| Deferred charges and accrued income | 490/1 | €3,710 | €3,437 | -€273 | -7.4% |
| Total equity and liabilities | 10/49 | €207,330 | €214,256 | +€6,926 | +3.3% |
| Equity | 10/15 | €55,111 | €55,502 | +€391 | +0.7% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Reserves | 13 | €2,400 | €2,400 | = | 0.0% |
| Distributable reserves | 133 | €2,400 | €2,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,711 | €29,102 | +€391 | +1.4% |
| Amounts payable | 17/49 | €152,219 | €158,754 | +€6,535 | +4.3% |
| Amounts payable within one year | 42/48 | €151,628 | €158,754 | +€7,126 | +4.7% |
| Trade debts | 44 | €1,783 | €264 | -€1,519 | -85.2% |
| Suppliers | 440/4 | €1,783 | €264 | -€1,519 | -85.2% |
| Taxes, remuneration and social security | 45 | €15,821 | €14,581 | -€1,241 | -7.8% |
| Taxes | 450/3 | €15,821 | €14,581 | -€1,241 | -7.8% |
| Other amounts payable | 47/48 | €134,023 | €143,909 | +€9,885 | +7.4% |
| Accrued charges and deferred income | 492/3 | €591 | - | -€591 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,812 | €11,411 | +€3,599 | +46.1% |
| Other operating charges | 640/8 | €1,075 | €1,140 | +€65 | +6.0% |
| Gross operating margin | 9900 | €27,387 | €20,734 | -€6,653 | -24.3% |
| Operating profit (loss) | 9901 | €18,500 | €8,182 | -€10,318 | -55.8% |
| Financial income | 75/76B | - | €19 | +€19 | |
| Recurring financial income | 75 | - | €19 | +€19 | |
| Financial charges | 65/66B | €5,459 | €6,631 | +€1,172 | +21.5% |
| Recurring financial charges | 65 | €4,916 | €5,247 | +€331 | +6.7% |
| Non-recurring financial charges | 66B | €544 | €1,384 | +€840 | +155% |
| Profit (loss) for the period before taxes | 9903 | €13,041 | €1,570 | -€11,471 | -88.0% |
| Income taxes | 67/77 | €3,522 | €1,179 | -€2,343 | -66.5% |
| Profit (loss) for the period | 9904 | €9,519 | €391 | -€9,128 | -95.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,519 | €391 | -€9,128 | -95.9% |
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 27 October 2026 via checked.be.