COULEUR 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
COULEUR VIN
NACE 46.341, Wholesale of wines and spirits
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€188,730
2024 · €294,471-€105,742
Equity
€1.8m
2024 · €1.6m+€186,179
Cash
€184,691
2024 · €851,540-€666,848
Balance sheet total
€2.2m
2024 · €2.3m-€81,602
Largest movements
Assets
- Cash -€666,848
down €666,848 (-78.3%), from €851,540 to €184,691
mainly Current investments (-€550,045) and Other debts (-€138,191)
- Current investments +€550,045
new in 2025: €550,045
Equity and liabilities
- Reserves +€188,730
up €188,730 (+12.1%), from €1.6m to €1.7m
of which Distributable reserves: +€188,730
- Other debts -€138,191
down €138,191 (-97.7%), from €141,406 to €3,214
- Tax, wage and social debts -€72,387
down €72,387 (-40.8%), from €177,216 to €104,829
of which Taxes: -€66,175
- Debts after one year -€37,991
down €37,991 (-15.4%), from €245,903 to €207,912
- Trade debts -€24,507
down €24,507 (-30.0%), from €81,809 to €57,302
Income statement
- Gross operating margin -€164,336
down €164,336 (-24.8%), from €663,909 to €499,573
- Taxes -€69,516
down €69,516 (-46.3%), from €150,156 to €80,640
- Depreciation +€10,136
up €10,136 (+12.9%), from €78,370 to €88,506
- Financial income +€6,898
up €6,898 (+163%), from €4,231 to €11,130
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
€294,471
Gross operating margin
-€164,336
Staff costs
-€5,613
Depreciation
-€10,136
Write-downs
-€3,958
Other operating charges
-€293
Financial income
+€6,898
Financial charges
+€2,180
Taxes
+€69,516
Result 2025
€188,730
raises the resultlowers the result
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
-€3,507
Investment
-€630,477
Financing
-€32,864
Cash 2024
€851,540
From operations (derived)
-€3,507
Net result for the year
+€188,730
Depreciation
+€88,506
Stocks and contracts
-€14,137
Receivables within one year
-€20,477
Deferred charges and accrued income
-€8,662
Trade debts
-€24,507
Tax, wage and social debts
-€72,387
Advances received
-€725
Other debts
-€138,191
Accrued charges and deferred income
-€1,658
Investment (derived)
-€630,477
Investment in fixed assets (net)
-€80,433
Current investments
-€550,045
Financing
-€32,864
Debts after one year
-€37,991
Current portion of long-term debt
+€7,677
Contributions, distributions and other
-€2,550
Cash 2025
€184,691
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,309,079 | €2,227,477 | -€81,602 | -3.5% |
| Fixed assets | 21/28 | €437,224 | €429,150 | -€8,073 | -1.8% |
| Tangible fixed assets | 22/27 | €435,308 | €428,835 | -€6,473 | -1.5% |
| Land and buildings | 22 | €284,624 | €253,978 | -€30,646 | -10.8% |
| Plant, machinery and equipment | 23 | €74,233 | €77,597 | +€3,364 | +4.5% |
| Furniture and vehicles | 24 | €52,857 | €85,495 | +€32,638 | +61.7% |
| Leasing and similar rights | 25 | €23,595 | €11,765 | -€11,830 | -50.1% |
| Financial fixed assets | 28 | €1,915 | €315 | -€1,600 | -83.5% |
| Current assets | 29/58 | €1,871,855 | €1,798,326 | -€73,529 | -3.9% |
| Stocks and contracts in progress | 3 | €601,178 | €615,315 | +€14,137 | +2.4% |
| Stocks | 30/36 | €601,178 | €615,315 | +€14,137 | +2.4% |
| Amounts receivable within one year | 40/41 | €412,686 | €433,163 | +€20,477 | +5.0% |
| Trade receivables | 40 | €412,686 | €433,163 | +€20,477 | +5.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | - | €550,045 | +€550,045 | |
| Cash at bank and in hand | 54/58 | €851,540 | €184,691 | -€666,848 | -78.3% |
| Deferred charges and accrued income | 490/1 | €6,451 | €15,113 | +€8,662 | +134% |
| Total equity and liabilities | 10/49 | €2,309,079 | €2,227,477 | -€81,602 | -3.5% |
| Equity | 10/15 | €1,591,913 | €1,778,092 | +€186,179 | +11.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €1,558,596 | €1,747,326 | +€188,730 | +12.1% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €1,539,846 | €1,728,576 | +€188,730 | +12.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €8,317 | €5,767 | -€2,550 | -30.7% |
| Amounts payable | 17/49 | €717,166 | €449,384 | -€267,781 | -37.3% |
| Amounts payable after more than one year | 17 | €245,903 | €207,912 | -€37,991 | -15.4% |
| Financial debts | 170/4 | €245,903 | €207,912 | -€37,991 | -15.4% |
| Amounts payable within one year | 42/48 | €469,606 | €241,472 | -€228,133 | -48.6% |
| Current portion of amounts payable after more than one year | 42 | €68,450 | €76,127 | +€7,677 | +11.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €81,809 | €57,302 | -€24,507 | -30.0% |
| Suppliers | 440/4 | €81,809 | €57,302 | -€24,507 | -30.0% |
| Advances received on contracts in progress | 46 | €725 | €0 | -€725 | -100% |
| Taxes, remuneration and social security | 45 | €177,216 | €104,829 | -€72,387 | -40.8% |
| Taxes | 450/3 | €158,764 | €92,589 | -€66,175 | -41.7% |
| Remuneration and social security | 454/9 | €18,452 | €12,240 | -€6,212 | -33.7% |
| Other amounts payable | 47/48 | €141,406 | €3,214 | -€138,191 | -97.7% |
| Accrued charges and deferred income | 492/3 | €1,658 | €0 | -€1,658 | -100% |
| Remuneration, social security and pensions | 62 | €116,766 | €122,379 | +€5,613 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,370 | €88,506 | +€10,136 | +12.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,419 | €8,377 | +€3,958 | +89.6% |
| Other operating charges | 640/8 | €14,001 | €14,294 | +€293 | +2.1% |
| Gross operating margin | 9900 | €663,909 | €499,573 | -€164,336 | -24.8% |
| Operating profit (loss) | 9901 | €450,352 | €266,016 | -€184,336 | -40.9% |
| Financial income | 75/76B | €4,231 | €11,130 | +€6,898 | +163% |
| Recurring financial income | 75 | €4,231 | €11,130 | +€6,898 | +163% |
| Financial charges | 65/66B | €9,956 | €7,776 | -€2,180 | -21.9% |
| Recurring financial charges | 65 | €9,956 | €7,776 | -€2,180 | -21.9% |
| Profit (loss) for the period before taxes | 9903 | €444,627 | €269,369 | -€175,258 | -39.4% |
| Income taxes | 67/77 | €150,156 | €80,640 | -€69,516 | -46.3% |
| Profit (loss) for the period | 9904 | €294,471 | €188,730 | -€105,742 | -35.9% |
| Transfer from tax-exempt reserves | 789 | €34,300 | €0 | -€34,300 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €328,771 | €188,730 | -€140,041 | -42.6% |
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 28 October 2026 via checked.be.