Cuvée Armand: what changed
Two fiscal 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.
Cuvée Armand
Largest movements
- Cash -€3,823
down €3,823 (-55.9%), from €6,839 to €3,016
mainly Net result for the year (-€6,914) and Debts after one year (-€4,358)
- Stocks and contracts -€3,166
down €3,166 (-9.3%), from €34,102 to €30,935
- Receivables within one year +€2,213
up €2,213 (+23.7%), from €9,353 to €11,565
of which Trade receivables: +€2,535
- Tangible fixed assets -€1,055
down €1,055 (-12.0%), from €8,800 to €7,745
of which Plant, machinery and equipment: -€585
- Profit (loss) carried forward -€6,914
down €6,914 (-58.2%), from -€11,878 to -€18,793
- Debts after one year -€4,358
down €4,358 (-18.8%), from €23,182 to €18,823
- Trade debts +€3,246
up €3,246 (+789.0%), from €411 to €3,657
- Other debts +€1,797
up €1,797 (+6.2%), from €28,816 to €30,613
- Gross operating margin -€8,074
down €8,074, from €4,139 to -€3,935
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.
Cash bridge derived
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 | €61,547 | €55,197 | -€6,350 | -10.3% |
| Formation expenses | 20 | €952 | €657 | -€296 | -31.0% |
| Fixed assets | 21/28 | €10,301 | €8,996 | -€1,305 | -12.7% |
| Intangible fixed assets | 21 | €1,002 | €751 | -€251 | -25.0% |
| Tangible fixed assets | 22/27 | €8,800 | €7,745 | -€1,055 | -12.0% |
| Land and buildings | 22 | €4,010 | €3,540 | -€470 | -11.7% |
| Plant, machinery and equipment | 23 | €4,790 | €4,205 | -€585 | -12.2% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €50,294 | €45,545 | -€4,749 | -9.4% |
| Stocks and contracts in progress | 3 | €34,102 | €30,935 | -€3,166 | -9.3% |
| Stocks | 30/36 | €34,102 | €30,935 | -€3,166 | -9.3% |
| Amounts receivable within one year | 40/41 | €9,353 | €11,565 | +€2,213 | +23.7% |
| Trade receivables | 40 | €9,030 | €11,565 | +€2,535 | +28.1% |
| Other amounts receivable | 41 | €323 | €0 | -€323 | -100.0% |
| Cash at bank and in hand | 54/58 | €6,839 | €3,016 | -€3,823 | -55.9% |
| Deferred charges and accrued income | 490/1 | - | €28 | +€28 | |
| Total equity and liabilities | 10/49 | €61,547 | €55,197 | -€6,350 | -10.3% |
| Equity | 10/15 | €8,582 | €1,667 | -€6,914 | -80.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,878 | -€18,793 | -€6,914 | -58.2% |
| Amounts payable | 17/49 | €52,965 | €53,530 | +€565 | +1.1% |
| Amounts payable after more than one year | 17 | €23,182 | €18,823 | -€4,358 | -18.8% |
| Financial debts | 170/4 | €23,182 | €18,823 | -€4,358 | -18.8% |
| Amounts payable within one year | 42/48 | €29,784 | €34,706 | +€4,923 | +16.5% |
| Trade debts | 44 | €411 | €3,657 | +€3,246 | +789.0% |
| Suppliers | 440/4 | €411 | €3,657 | +€3,246 | +789.0% |
| Taxes, remuneration and social security | 45 | €557 | €436 | -€120 | -21.6% |
| Taxes | 450/3 | €557 | €436 | -€120 | -21.6% |
| Other amounts payable | 47/48 | €28,816 | €30,613 | +€1,797 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,601 | €1,601 | = | 0.0% |
| Other operating charges | 640/8 | €810 | €831 | +€21 | +2.6% |
| Gross operating margin | 9900 | €4,139 | -€3,935 | -€8,074 | |
| Operating profit (loss) | 9901 | €1,728 | -€6,367 | -€8,095 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €556 | €547 | -€9 | -1.5% |
| Recurring financial charges | 65 | €556 | €547 | -€9 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €1,172 | -€6,914 | -€8,086 | |
| Profit (loss) for the period | 9904 | €1,172 | -€6,914 | -€8,086 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,172 | -€6,914 | -€8,086 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.