El Vino: what changed
El Vino
Largest movements
- Tangible fixed assets -€12,135
down €12,135 (-36.4%), from €33,318 to €21,183
of which Other tangible fixed assets: -€6,312
- Cash -€9,257
down €9,257 (-31.6%), from €29,339 to €20,082
mainly Trade debts (-€8,235) and Receivables within one year (-€7,177)
- Receivables within one year +€7,177
up €7,177 (+213%), from €3,372 to €10,549
of which Trade receivables: +€3,631
- Financial fixed assets +€4,764
new in 2025: €4,764
- Trade debts -€8,235
down €8,235 (-17.3%), from €47,547 to €39,312
- Debts after one year -€2,344
no longer reported in 2025 (was €2,344)
- Profit (loss) carried forward +€1,860
up €1,860 (+8.5%), from -€21,925 to -€20,065
- Staff costs -€10,258
down €10,258 (-7.5%), from €137,521 to €127,263
- Gross operating margin -€4,903
down €4,903 (-3.2%), from €155,289 to €150,387
- Financial charges +€1,920
up €1,920 (+145%), from €1,327 to €3,247
- Other operating charges -€1,906
down €1,906 (-24.0%), from €7,938 to €6,033
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €71,784 | €63,144 | -€8,640 | -12.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €33,318 | €25,947 | -€7,370 | -22.1% |
| Tangible fixed assets | 22/27 | €33,318 | €21,183 | -€12,135 | -36.4% |
| Plant, machinery and equipment | 23 | €11,426 | €8,320 | -€3,106 | -27.2% |
| Furniture and vehicles | 24 | €6,112 | €3,395 | -€2,717 | -44.5% |
| Other tangible fixed assets | 26 | €15,780 | €9,468 | -€6,312 | -40.0% |
| Financial fixed assets | 28 | - | €4,764 | +€4,764 | |
| Current assets | 29/58 | €38,466 | €37,196 | -€1,269 | -3.3% |
| Stocks and contracts in progress | 3 | €3,737 | €4,410 | +€673 | +18.0% |
| Stocks | 30/36 | €3,737 | €4,410 | +€673 | +18.0% |
| Amounts receivable within one year | 40/41 | €3,372 | €10,549 | +€7,177 | +213% |
| Trade receivables | 40 | - | €3,631 | +€3,631 | |
| Other amounts receivable | 41 | €3,372 | €6,918 | +€3,546 | +105% |
| Cash at bank and in hand | 54/58 | €29,339 | €20,082 | -€9,257 | -31.6% |
| Deferred charges and accrued income | 490/1 | €2,018 | €2,155 | +€137 | +6.8% |
| Total equity and liabilities | 10/49 | €71,784 | €63,144 | -€8,640 | -12.0% |
| Equity | 10/15 | €7,675 | €9,535 | +€1,860 | +24.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €23,400 | €23,400 | = | 0.0% |
| Distributable reserves | 133 | €23,400 | €23,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,925 | -€20,065 | +€1,860 | +8.5% |
| Amounts payable | 17/49 | €64,108 | €53,609 | -€10,500 | -16.4% |
| Amounts payable after more than one year | 17 | €2,344 | - | -€2,344 | |
| Financial debts | 170/4 | €2,344 | - | -€2,344 | |
| Amounts payable within one year | 42/48 | €61,765 | €53,609 | -€8,156 | -13.2% |
| Trade debts | 44 | €47,547 | €39,312 | -€8,235 | -17.3% |
| Suppliers | 440/4 | €47,547 | €39,312 | -€8,235 | -17.3% |
| Taxes, remuneration and social security | 45 | €13,732 | €14,297 | +€565 | +4.1% |
| Taxes | 450/3 | €4,132 | €6,385 | +€2,253 | +54.5% |
| Remuneration and social security | 454/9 | €9,601 | €7,912 | -€1,688 | -17.6% |
| Other amounts payable | 47/48 | €486 | - | -€486 | |
| Remuneration, social security and pensions | 62 | €137,521 | €127,263 | -€10,258 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,269 | €12,135 | -€135 | -1.1% |
| Other operating charges | 640/8 | €7,938 | €6,033 | -€1,906 | -24.0% |
| Gross operating margin | 9900 | €155,289 | €150,387 | -€4,903 | -3.2% |
| Operating profit (loss) | 9901 | -€2,439 | €4,957 | +€7,396 | |
| Financial income | 75/76B | €95 | €282 | +€188 | +198% |
| Recurring financial income | 75 | €95 | €282 | +€188 | +198% |
| Financial charges | 65/66B | €1,327 | €3,247 | +€1,920 | +145% |
| Recurring financial charges | 65 | €1,327 | €3,247 | +€1,920 | +145% |
| Profit (loss) for the period before taxes | 9903 | -€3,671 | €1,992 | +€5,663 | |
| Income taxes | 67/77 | €128 | €132 | +€4 | +3.1% |
| Profit (loss) for the period | 9904 | -€3,799 | €1,860 | +€5,659 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,799 | €1,860 | +€5,659 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.