CINOCO -LE PALAIS DU VIN: 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
CINOCO -LE PALAIS DU VIN
NACE 46.341, Wholesale of wines and spirits
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€438,532
2024 · €717,568-€279,036
Equity
€13.9m
2024 · €13.7m+€169,976
Cash
€487,198
2024 · €2.1m-€1.7m
Balance sheet total
€27.9m
2024 · €29.8m-€1.9m
Largest movements
Assets
- Cash -€1.7m
down €1.7m (-77.3%), from €2.1m to €487,198
mainly Trade debts (-€769,197) and Debts after one year (-€750,088)
- Stocks and contracts -€780,444
down €780,444 (-7.9%), from €9.9m to €9.1m
- Receivables within one year +€658,707
up €658,707 (+13.6%), from €4.8m to €5.5m
of which Other amounts receivable: +€624,588
Equity and liabilities
- Trade debts -€769,197
down €769,197 (-14.4%), from €5.4m to €4.6m
- Debts after one year -€750,088
down €750,088 (-13.0%), from €5.8m to €5.0m
Income statement
- Turnover -€1.8m
down €1.8m (-7.2%), from €25.6m to €23.7m
- Goods and materials -€1.5m
down €1.5m (-7.9%), from €19.2m to €17.7m
of which Change in stocks: decrease (increase): -€774,807
- Financial income -€578,726
down €578,726 (-60.4%), from €957,754 to €379,028
- Services and other goods -€399,641
down €399,641 (-10.1%), from €4.0m to €3.6m
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
€717,568
Turnover
-€1.8m
Other operating income
+€94,396
Goods and materials
+€1.5m
Services and other goods
+€399,641
Staff costs
+€21,453
Depreciation
+€10,165
Write-downs
-€41,188
Other operating charges
-€3,221
Other operating items
+€33,550
Financial income
-€578,726
Financial charges
+€186,120
Taxes
-€69,302
Result 2025
€438,532
raises the resultlowers the resultnot broken down further in the accounts
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
-€153,243
Investment
-€234,415
Financing
-€1.3m
Cash 2024
€2.1m
From operations (derived)
-€153,243
Net result for the year
+€438,532
Depreciation
+€334,288
Stocks and contracts
+€780,444
Receivables within one year
-€658,707
Smaller working-capital items
-€2,234
Provisions
-€31,049
Trade debts
-€769,197
Tax, wage and social debts
+€33,754
Other debts
-€192,961
Accrued charges and deferred income
-€86,113
Investment (derived)
-€234,415
Investment in fixed assets (net)
-€234,415
Financing
-€1.3m
Debts after one year
-€750,088
Current portion of long-term debt
+€27,018
Short-term financial debts
-€278,570
Contributions, distributions and other
-€268,556
Cash 2025
€487,198
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,828,115 | €27,949,576 | -€1.9m | -6.3% |
| Fixed assets | 21/28 | €12,908,369 | €12,808,496 | -€99,873 | -0.8% |
| Intangible fixed assets | 21 | - | €18,289 | +€18,289 | |
| Tangible fixed assets | 22/27 | €6,735,092 | €6,617,138 | -€117,954 | -1.8% |
| Land and buildings | 22 | €6,340,382 | €6,104,794 | -€235,588 | -3.7% |
| Plant, machinery and equipment | 23 | €213,813 | €163,924 | -€49,889 | -23.3% |
| Furniture and vehicles | 24 | €176,435 | €344,748 | +€168,313 | +95.4% |
| Other tangible fixed assets | 26 | €4,462 | €3,672 | -€790 | -17.7% |
| Financial fixed assets | 28 | €6,173,277 | €6,173,069 | -€209 | 0.0% |
| Affiliated companies | 280/1 | €6,172,620 | €6,172,620 | = | 0.0% |
| Participating interests | 280 | €6,172,620 | €6,172,620 | = | 0.0% |
| Other financial fixed assets | 284/8 | €657 | €448 | -€209 | -31.7% |
| Amounts receivable and cash guarantees | 285/8 | €657 | €448 | -€209 | -31.7% |
| Current assets | 29/58 | €16,919,745 | €15,141,080 | -€1.8m | -10.5% |
| Stocks and contracts in progress | 3 | €9,892,818 | €9,112,373 | -€780,444 | -7.9% |
| Stocks | 30/36 | €9,892,818 | €9,112,373 | -€780,444 | -7.9% |
| Goods purchased for resale | 34 | €9,892,818 | €9,112,373 | -€780,444 | -7.9% |
| Amounts receivable within one year | 40/41 | €4,839,992 | €5,498,699 | +€658,707 | +13.6% |
| Trade receivables | 40 | €4,311,018 | €4,345,137 | +€34,119 | +0.8% |
| Other amounts receivable | 41 | €528,974 | €1,153,562 | +€624,588 | +118% |
| Cash at bank and in hand | 54/58 | €2,145,053 | €487,198 | -€1.7m | -77.3% |
| Deferred charges and accrued income | 490/1 | €41,883 | €42,810 | +€926 | +2.2% |
| Total equity and liabilities | 10/49 | €29,828,115 | €27,949,576 | -€1.9m | -6.3% |
| Equity | 10/15 | €13,697,995 | €13,867,970 | +€169,976 | +1.2% |
| Contributions | 10/11 | €1,947,538 | €1,947,538 | = | 0.0% |
| Capital | 10 | €1,040,000 | €1,040,000 | = | 0.0% |
| Issued capital | 100 | €1,040,000 | €1,040,000 | = | 0.0% |
| Contributions outside capital | 11 | €907,538 | €907,538 | = | 0.0% |
| Share premium | 1100/10 | €907,538 | €907,538 | = | 0.0% |
| Reserves | 13 | €3,527,277 | €3,434,130 | -€93,146 | -2.6% |
| Non-distributable reserves | 130/1 | €104,000 | €104,000 | = | 0.0% |
| Legal reserve | 130 | €104,000 | €104,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,896,264 | €2,803,118 | -€93,146 | -3.2% |
| Distributable reserves | 133 | €527,012 | €527,012 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,902,363 | €8,181,542 | +€279,178 | +3.5% |
| Investment grants | 15 | €320,817 | €304,760 | -€16,056 | -5.0% |
| Provisions and deferred taxes | 16 | €869,625 | €838,577 | -€31,049 | -3.6% |
| Deferred taxes | 168 | €869,625 | €838,577 | -€31,049 | -3.6% |
| Amounts payable | 17/49 | €15,260,494 | €13,243,029 | -€2.0m | -13.2% |
| Amounts payable after more than one year | 17 | €5,791,289 | €5,041,201 | -€750,088 | -13.0% |
| Financial debts | 170/4 | €5,791,289 | €5,041,201 | -€750,088 | -13.0% |
| Credit institutions | 173 | €5,094,859 | €4,344,771 | -€750,088 | -14.7% |
| Other loans | 174 | €696,430 | €696,430 | = | 0.0% |
| Amounts payable within one year | 42/48 | €9,319,689 | €8,138,425 | -€1.2m | -12.7% |
| Current portion of amounts payable after more than one year | 42 | €723,070 | €750,088 | +€27,018 | +3.7% |
| Financial debts | 43 | €278,570 | - | -€278,570 | |
| Credit institutions | 430/8 | €278,570 | - | -€278,570 | |
| Trade debts | 44 | €5,355,133 | €4,585,936 | -€769,197 | -14.4% |
| Suppliers | 440/4 | €5,355,133 | €4,585,936 | -€769,197 | -14.4% |
| Advances received on contracts in progress | 46 | €1,308 | - | -€1,308 | |
| Taxes, remuneration and social security | 45 | €982,796 | €1,016,550 | +€33,754 | +3.4% |
| Taxes | 450/3 | €674,853 | €646,607 | -€28,246 | -4.2% |
| Remuneration and social security | 454/9 | €307,943 | €369,943 | +€62,000 | +20.1% |
| Other amounts payable | 47/48 | €1,978,812 | €1,785,851 | -€192,961 | -9.8% |
| Accrued charges and deferred income | 492/3 | €149,516 | €63,403 | -€86,113 | -57.6% |
| Operating income | 70/76A | €26,607,049 | €24,896,929 | -€1.7m | -6.4% |
| Turnover | 70 | €25,562,020 | €23,723,954 | -€1.8m | -7.2% |
| Other operating income | 74 | €1,017,277 | €1,111,673 | +€94,396 | +9.3% |
| Non-recurring operating income | 76A | €27,751 | €61,301 | +€33,550 | +121% |
| Operating charges | 60/66A | €26,312,346 | €24,419,354 | -€1.9m | -7.2% |
| Goods for resale, raw materials and consumables | 60 | €19,158,622 | €17,652,480 | -€1.5m | -7.9% |
| Purchases | 600/8 | €17,605,073 | €16,873,738 | -€731,335 | -4.2% |
| Change in stocks: decrease (increase) | 609 | €1,553,549 | €778,742 | -€774,807 | -49.9% |
| Services and other goods | 61 | €3,975,264 | €3,575,623 | -€399,641 | -10.1% |
| Remuneration, social security and pensions | 62 | €2,785,470 | €2,764,018 | -€21,453 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €344,454 | €334,288 | -€10,165 | -3.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€14,550 | €26,638 | +€41,188 | |
| Other operating charges | 640/8 | €63,086 | €66,307 | +€3,221 | +5.1% |
| Operating profit (loss) | 9901 | €294,703 | €477,574 | +€182,872 | +62.1% |
| Financial income | 75/76B | €957,754 | €379,028 | -€578,726 | -60.4% |
| Recurring financial income | 75 | €957,754 | €379,028 | -€578,726 | -60.4% |
| Income from financial fixed assets | 750 | €882,915 | €293,970 | -€588,945 | -66.7% |
| Income from current assets | 751 | €37,566 | €38,980 | +€1,414 | +3.8% |
| Other financial income | 752/9 | €37,273 | €46,078 | +€8,805 | +23.6% |
| Financial charges | 65/66B | €525,377 | €339,257 | -€186,120 | -35.4% |
| Recurring financial charges | 65 | €411,067 | €339,257 | -€71,810 | -17.5% |
| Debt charges | 650 | €369,487 | €301,636 | -€67,851 | -18.4% |
| Other financial charges | 652/9 | €41,580 | €37,621 | -€3,959 | -9.5% |
| Non-recurring financial charges | 66B | €114,310 | - | -€114,310 | |
| Profit (loss) for the period before taxes | 9903 | €727,080 | €517,346 | -€209,735 | -28.8% |
| Transfer from deferred taxes | 780 | €31,049 | €31,049 | = | 0.0% |
| Income taxes | 67/77 | €40,561 | €109,862 | +€69,302 | +171% |
| Taxes | 670/3 | €45,326 | €110,707 | +€65,381 | +144% |
| Tax adjustments and reversals of tax provisions | 77 | €4,765 | €844 | -€3,921 | -82.3% |
| Profit (loss) for the period | 9904 | €717,568 | €438,532 | -€279,036 | -38.9% |
| Transfer from tax-exempt reserves | 789 | €93,146 | €93,146 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €810,715 | €531,678 | -€279,036 | -34.4% |
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.