Epicuria Sélection: 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.
What changed
Epicuria Sélection
NACE 47.251, Retail sale of wines and spirits
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€41,859
2024 · €10,918+€30,941
Equity
€554,340
2024 · €512,482+€41,859
Cash
€4,489
2024 · €1,646+€2,844
Balance sheet total
€2.2m
2024 · €2.1m+€31,295
Largest movements
Assets
- Stocks and contracts +€132,536
up €132,536 (+7.1%), from €1.9m to €2.0m
- Receivables within one year -€104,683
down €104,683 (-42.1%), from €248,512 to €143,830
of which Trade receivables: -€104,690
Equity and liabilities
- Other debts +€161,471
up €161,471 (+45.1%), from €357,978 to €519,449
- Trade debts -€149,756
down €149,756 (-45.5%), from €329,349 to €179,593
- Debts after one year -€77,014
down €77,014 (-10.9%), from €704,183 to €627,169
- Current portion of long-term debt +€42,448
up €42,448 (+41.5%), from €102,364 to €144,812
- Reserves +€41,859
up €41,859 (+383.4%), from €10,918 to €52,777
Income statement
- Gross operating margin +€26,929
up €26,929 (+24.5%), from €109,822 to €136,751
- Other operating charges +€2,477
up €2,477 (+9.6%), from €25,707 to €28,184
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
€10,918
Gross operating margin
+€26,929
Depreciation
-€407
Other operating charges
-€2,477
Other operating items
+€7,120
Financial income
+€117
Financial charges
-€896
Taxes
+€555
Result 2025
€41,859
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.
From operations
+€40,769
Investment
-€3,360
Financing
-€34,565
Cash 2024
€1,646
From operations (derived)
+€40,769
Net result for the year
+€41,859
Depreciation
+€2,961
Stocks and contracts
-€132,536
Receivables within one year
+€104,683
Deferred charges and accrued income
-€199
Trade debts
-€149,756
Tax, wage and social debts
+€11,737
Advances received
+€1,892
Other debts
+€161,471
Accrued charges and deferred income
-€1,343
Investment (derived)
-€3,360
Investment in fixed assets (net)
-€3,360
Financing
-€34,565
Debts after one year
-€77,014
Current portion of long-term debt
+€42,448
Cash 2025
€4,489
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,145,664 | €2,176,959 | +€31,295 | +1.5% |
| Fixed assets | 21/28 | €18,989 | €19,387 | +€399 | +2.1% |
| Tangible fixed assets | 22/27 | €13,501 | €13,900 | +€399 | +3.0% |
| Plant, machinery and equipment | 23 | €11,637 | €9,791 | -€1,847 | -15.9% |
| Furniture and vehicles | 24 | €1,863 | €4,109 | +€2,246 | +120.5% |
| Financial fixed assets | 28 | €5,488 | €5,488 | = | 0.0% |
| Current assets | 29/58 | €2,126,675 | €2,157,572 | +€30,896 | +1.5% |
| Stocks and contracts in progress | 3 | €1,875,286 | €2,007,822 | +€132,536 | +7.1% |
| Stocks | 30/36 | €1,875,286 | €2,007,822 | +€132,536 | +7.1% |
| Amounts receivable within one year | 40/41 | €248,512 | €143,830 | -€104,683 | -42.1% |
| Trade receivables | 40 | €248,510 | €143,819 | -€104,690 | -42.1% |
| Other amounts receivable | 41 | €2 | €10 | +€8 | +350.0% |
| Cash at bank and in hand | 54/58 | €1,646 | €4,489 | +€2,844 | +172.8% |
| Deferred charges and accrued income | 490/1 | €1,232 | €1,431 | +€199 | +16.2% |
| Total equity and liabilities | 10/49 | €2,145,664 | €2,176,959 | +€31,295 | +1.5% |
| Equity | 10/15 | €512,482 | €554,340 | +€41,859 | +8.2% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €10,918 | €52,777 | +€41,859 | +383.4% |
| Distributable reserves | 133 | €10,918 | €52,777 | +€41,859 | +383.4% |
| Profit (loss) carried forward | 14 | €101,564 | €101,564 | = | 0.0% |
| Amounts payable | 17/49 | €1,633,182 | €1,622,618 | -€10,564 | -0.6% |
| Amounts payable after more than one year | 17 | €704,183 | €627,169 | -€77,014 | -10.9% |
| Financial debts | 170/4 | €704,183 | €627,169 | -€77,014 | -10.9% |
| Amounts payable within one year | 42/48 | €927,657 | €995,449 | +€67,792 | +7.3% |
| Current portion of amounts payable after more than one year | 42 | €102,364 | €144,812 | +€42,448 | +41.5% |
| Financial debts | 43 | €40,000 | €40,000 | = | 0.0% |
| Other loans | 439 | €40,000 | €40,000 | = | 0.0% |
| Trade debts | 44 | €329,349 | €179,593 | -€149,756 | -45.5% |
| Suppliers | 440/4 | €329,349 | €179,593 | -€149,756 | -45.5% |
| Advances received on contracts in progress | 46 | - | €1,892 | +€1,892 | |
| Taxes, remuneration and social security | 45 | €97,967 | €109,704 | +€11,737 | +12.0% |
| Taxes | 450/3 | €97,967 | €109,704 | +€11,737 | +12.0% |
| Other amounts payable | 47/48 | €357,978 | €519,449 | +€161,471 | +45.1% |
| Accrued charges and deferred income | 492/3 | €1,343 | - | -€1,343 | |
| Non-recurring operating income | 76A | - | €944 | +€944 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,554 | €2,961 | +€407 | +15.9% |
| Other operating charges | 640/8 | €25,707 | €28,184 | +€2,477 | +9.6% |
| Non-recurring operating charges | 66A | €7,120 | - | -€7,120 | |
| Gross operating margin | 9900 | €109,822 | €136,751 | +€26,929 | +24.5% |
| Operating profit (loss) | 9901 | €74,441 | €105,606 | +€31,165 | +41.9% |
| Financial income | 75/76B | €13 | €130 | +€117 | +892.0% |
| Recurring financial income | 75 | €13 | €130 | +€117 | +892.0% |
| Financial charges | 65/66B | €40,614 | €41,510 | +€896 | +2.2% |
| Recurring financial charges | 65 | €40,614 | €41,510 | +€896 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | €33,840 | €64,226 | +€30,386 | +89.8% |
| Income taxes | 67/77 | €22,922 | €22,367 | -€555 | -2.4% |
| Profit (loss) for the period | 9904 | €10,918 | €41,859 | +€30,941 | +283.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,918 | €41,859 | +€30,941 | +283.4% |
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 29 September 2026 via checked.be.