EUROWINES: 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.
EUROWINES
Largest movements
- Tangible fixed assets -€38,498
down €38,498 (-56.0%), from €68,755 to €30,257
of which Furniture and vehicles: -€33,867
- Cash +€7,139
up €7,139 (+4.2%), from €169,643 to €176,782
mainly Investment in fixed assets (net) (+€33,323) and Net result for the year (+€11,171)
- Deferred charges and accrued income +€5,839
new in 2025: €5,839
- Debts after one year -€25,732
down €25,732 (-88.6%), from €29,039 to €3,308
- Profit (loss) carried forward +€11,171
up €11,171 (+10.6%), from €105,277 to €116,448
- Current portion of long-term debt -€8,406
down €8,406 (-46.1%), from €18,227 to €9,822
- Depreciation -€8,911
down €8,911 (-63.3%), from €14,085 to €5,175
- Taxes +€1,438
up €1,438 (+55.9%), from €2,574 to €4,012
- Financial charges -€1,307
down €1,307 (-21.2%), from €6,177 to €4,870
- Other operating charges -€750
down €750 (-52.5%), from €1,428 to €679
- Gross operating margin +€689
up €689 (+2.3%), from €30,334 to €31,023
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 | €278,262 | €254,281 | -€23,981 | -8.6% |
| Fixed assets | 21/28 | €68,755 | €30,257 | -€38,498 | -56.0% |
| Tangible fixed assets | 22/27 | €68,755 | €30,257 | -€38,498 | -56.0% |
| Furniture and vehicles | 24 | €34,606 | €739 | -€33,867 | -97.9% |
| Other tangible fixed assets | 26 | €34,150 | €29,518 | -€4,631 | -13.6% |
| Current assets | 29/58 | €209,506 | €224,024 | +€14,517 | +6.9% |
| Stocks and contracts in progress | 3 | €39,252 | €40,414 | +€1,163 | +3.0% |
| Stocks | 30/36 | €39,252 | €40,414 | +€1,163 | +3.0% |
| Amounts receivable within one year | 40/41 | €611 | €988 | +€377 | +61.6% |
| Trade receivables | 40 | €611 | - | -€611 | |
| Other amounts receivable | 41 | - | €988 | +€988 | |
| Cash at bank and in hand | 54/58 | €169,643 | €176,782 | +€7,139 | +4.2% |
| Deferred charges and accrued income | 490/1 | - | €5,839 | +€5,839 | |
| Total equity and liabilities | 10/49 | €278,262 | €254,281 | -€23,981 | -8.6% |
| Equity | 10/15 | €158,877 | €170,048 | +€11,171 | +7.0% |
| Contributions | 10/11 | €48,600 | €48,600 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105,277 | €116,448 | +€11,171 | +10.6% |
| Amounts payable | 17/49 | €119,384 | €84,233 | -€35,151 | -29.4% |
| Amounts payable after more than one year | 17 | €29,039 | €3,308 | -€25,732 | -88.6% |
| Financial debts | 170/4 | €29,039 | €3,308 | -€25,732 | -88.6% |
| Amounts payable within one year | 42/48 | €90,345 | €80,925 | -€9,420 | -10.4% |
| Current portion of amounts payable after more than one year | 42 | €18,227 | €9,822 | -€8,406 | -46.1% |
| Trade debts | 44 | €65,718 | €63,467 | -€2,251 | -3.4% |
| Suppliers | 440/4 | €65,718 | €63,467 | -€2,251 | -3.4% |
| Taxes, remuneration and social security | 45 | €6,400 | €7,636 | +€1,237 | +19.3% |
| Taxes | 450/3 | €6,400 | €7,636 | +€1,237 | +19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,085 | €5,175 | -€8,911 | -63.3% |
| Other operating charges | 640/8 | €1,428 | €679 | -€750 | -52.5% |
| Non-recurring operating charges | 66A | - | €5,118 | +€5,118 | |
| Gross operating margin | 9900 | €30,334 | €31,023 | +€689 | +2.3% |
| Operating profit (loss) | 9901 | €14,820 | €20,052 | +€5,232 | +35.3% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €6,177 | €4,870 | -€1,307 | -21.2% |
| Recurring financial charges | 65 | €6,177 | €4,870 | -€1,307 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €8,645 | €15,182 | +€6,538 | +75.6% |
| Income taxes | 67/77 | €2,574 | €4,012 | +€1,438 | +55.9% |
| Profit (loss) for the period | 9904 | €6,071 | €11,171 | +€5,100 | +84.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,071 | €11,171 | +€5,100 | +84.0% |
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 30 September 2026 via checked.be.