Belgian Wines: 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.
Belgian Wines
Largest movements
- Stocks and contracts -€15,491
down €15,491 (-15.1%), from €102,303 to €86,812
- Receivables within one year -€9,616
down €9,616 (-60.3%), from €15,951 to €6,335
of which Trade receivables: -€11,274
- Tangible fixed assets -€5,036
down €5,036 (-28.7%), from €17,544 to €12,508
of which Land and buildings: -€2,798
- Profit (loss) carried forward -€41,156
down €41,156 (-152%), from -€27,135 to -€68,291
- Trade debts +€21,300
up €21,300 (+35.1%), from €60,713 to €82,012
- Accrued charges and deferred income -€3,918
down €3,918 (-54.9%), from €7,135 to €3,217
- Tax, wage and social debts -€3,905
down €3,905 (-30.1%), from €12,959 to €9,054
of which Taxes: -€4,947
- Current portion of long-term debt -€2,628
down €2,628 (-91.5%), from €2,873 to €245
- Gross operating margin -€25,314
down €25,314 (-22.6%), from €112,027 to €86,713
- Staff costs +€21,190
up €21,190 (+20.5%), from €103,580 to €124,770
- Financial income +€6,091
up €6,091 (+412%), from €1,478 to €7,569
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €151,999 | €121,084 | -€30,915 | -20.3% |
| Fixed assets | 21/28 | €18,044 | €13,008 | -€5,036 | -27.9% |
| Tangible fixed assets | 22/27 | €17,544 | €12,508 | -€5,036 | -28.7% |
| Land and buildings | 22 | €7,129 | €4,332 | -€2,798 | -39.2% |
| Plant, machinery and equipment | 23 | €9,162 | €7,600 | -€1,561 | -17.0% |
| Furniture and vehicles | 24 | €1,253 | €576 | -€677 | -54.1% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €133,955 | €108,076 | -€25,879 | -19.3% |
| Stocks and contracts in progress | 3 | €102,303 | €86,812 | -€15,491 | -15.1% |
| Stocks | 30/36 | €102,303 | €86,812 | -€15,491 | -15.1% |
| Amounts receivable within one year | 40/41 | €15,951 | €6,335 | -€9,616 | -60.3% |
| Trade receivables | 40 | €15,878 | €4,604 | -€11,274 | -71.0% |
| Other amounts receivable | 41 | €73 | €1,731 | +€1,658 | +2,257% |
| Cash at bank and in hand | 54/58 | €15,701 | €14,929 | -€772 | -4.9% |
| Total equity and liabilities | 10/49 | €151,999 | €121,084 | -€30,915 | -20.3% |
| Equity | 10/15 | €39,218 | -€1,938 | -€41,156 | |
| Contributions | 10/11 | €47,200 | €47,200 | = | 0.0% |
| Reserves | 13 | €19,153 | €19,153 | = | 0.0% |
| Distributable reserves | 133 | €19,153 | €19,153 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,135 | -€68,291 | -€41,156 | -152% |
| Amounts payable | 17/49 | €112,781 | €123,022 | +€10,241 | +9.1% |
| Amounts payable after more than one year | 17 | €245 | - | -€245 | |
| Financial debts | 170/4 | €245 | - | -€245 | |
| Amounts payable within one year | 42/48 | €105,401 | €119,805 | +€14,404 | +13.7% |
| Current portion of amounts payable after more than one year | 42 | €2,873 | €245 | -€2,628 | -91.5% |
| Trade debts | 44 | €60,713 | €82,012 | +€21,300 | +35.1% |
| Suppliers | 440/4 | €60,713 | €82,012 | +€21,300 | +35.1% |
| Taxes, remuneration and social security | 45 | €12,959 | €9,054 | -€3,905 | -30.1% |
| Taxes | 450/3 | €12,959 | €8,012 | -€4,947 | -38.2% |
| Remuneration and social security | 454/9 | - | €1,042 | +€1,042 | |
| Other amounts payable | 47/48 | €28,857 | €28,495 | -€362 | -1.3% |
| Accrued charges and deferred income | 492/3 | €7,135 | €3,217 | -€3,918 | -54.9% |
| Remuneration, social security and pensions | 62 | €103,580 | €124,770 | +€21,190 | +20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,619 | €6,395 | +€776 | +13.8% |
| Other operating charges | 640/8 | €1,110 | €1,112 | +€2 | +0.2% |
| Non-recurring operating charges | 66A | €58 | €526 | +€468 | +806% |
| Gross operating margin | 9900 | €112,027 | €86,713 | -€25,314 | -22.6% |
| Operating profit (loss) | 9901 | €1,660 | -€46,090 | -€47,750 | |
| Financial income | 75/76B | €1,478 | €7,569 | +€6,091 | +412% |
| Recurring financial income | 75 | €1,478 | €7,569 | +€6,091 | +412% |
| Financial charges | 65/66B | €2,290 | €2,635 | +€345 | +15.1% |
| Recurring financial charges | 65 | €2,290 | €2,635 | +€345 | +15.1% |
| Profit (loss) for the period before taxes | 9903 | €848 | -€41,156 | -€42,004 | |
| Profit (loss) for the period | 9904 | €848 | -€41,156 | -€42,004 | |
| Profit (loss) for the period to be appropriated | 9905 | €848 | -€41,156 | -€42,004 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.