General Stores: 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
General Stores
NACE 46.341, Wholesale of wines and spirits
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€144,029
2024 · €133,901+€10,127
Equity
€1.7m
2024 · €1.6m+€94,029
Cash
€119,866
2024 · €109,766+€10,101
Balance sheet total
€2.4m
2024 · €2.4m-€41,615
Largest movements
Assets
- Stocks and contracts -€62,064
down €62,064 (-3.4%), from €1.8m to €1.7m
- Receivables within one year +€54,555
up €54,555 (+23.4%), from €232,679 to €287,234
of which Trade receivables: +€66,046
- Tangible fixed assets -€40,855
down €40,855 (-16.8%), from €243,826 to €202,971
of which Other tangible fixed assets: -€24,931
Equity and liabilities
- Trade debts -€98,437
down €98,437 (-27.9%), from €352,873 to €254,436
- Reserves +€94,029
up €94,029 (+6.3%), from €1.5m to €1.6m
of which Distributable reserves: +€94,029
- Debts after one year -€42,392
down €42,392 (-16.2%), from €261,317 to €218,925
of which Financial debts: -€42,392
Income statement
- Gross operating margin -€14,326
down €14,326 (-2.8%), from €514,358 to €500,032
- Staff costs -€13,284
down €13,284 (-5.0%), from €267,396 to €254,112
- Financial charges -€6,914
down €6,914 (-24.7%), from €27,941 to €21,027
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
€133,901
Gross operating margin
-€14,326
Staff costs
+€13,284
Depreciation
+€1,193
Write-downs
+€2,430
Other operating charges
-€14
Financial income
+€1,129
Financial charges
+€6,914
Taxes
-€482
Result 2025
€144,029
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
+€106,443
Investment
-€3,534
Financing
-€92,808
Cash 2024
€109,766
From operations (derived)
+€106,443
Net result for the year
+€144,029
Depreciation
+€44,389
Stocks and contracts
+€62,064
Receivables within one year
-€54,555
Deferred charges and accrued income
+€3,352
Trade debts
-€98,437
Tax, wage and social debts
-€11,877
Other debts
+€17,479
Investment (derived)
-€3,534
Investment in fixed assets (net)
-€3,534
Financing
-€92,808
Debts after one year
-€42,392
Current portion of long-term debt
+€1,293
Short-term financial debts
-€1,709
Contributions, distributions and other
-€50,000
Cash 2025
€119,866
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,418,096 | €2,376,481 | -€41,615 | -1.7% |
| Fixed assets | 21/28 | €245,985 | €205,130 | -€40,855 | -16.6% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €243,826 | €202,971 | -€40,855 | -16.8% |
| Plant, machinery and equipment | 23 | €15,737 | €13,637 | -€2,100 | -13.3% |
| Furniture and vehicles | 24 | €43,284 | €29,461 | -€13,824 | -31.9% |
| Other tangible fixed assets | 26 | €184,805 | €159,873 | -€24,931 | -13.5% |
| Financial fixed assets | 28 | €2,160 | €2,160 | = | 0.0% |
| Current assets | 29/58 | €2,172,111 | €2,171,351 | -€760 | 0.0% |
| Stocks and contracts in progress | 3 | €1,807,981 | €1,745,917 | -€62,064 | -3.4% |
| Stocks | 30/36 | €1,807,981 | €1,745,917 | -€62,064 | -3.4% |
| Amounts receivable within one year | 40/41 | €232,679 | €287,234 | +€54,555 | +23.4% |
| Trade receivables | 40 | €221,188 | €287,234 | +€66,046 | +29.9% |
| Other amounts receivable | 41 | €11,491 | €0 | -€11,491 | -100% |
| Cash at bank and in hand | 54/58 | €109,766 | €119,866 | +€10,101 | +9.2% |
| Deferred charges and accrued income | 490/1 | €21,685 | €18,333 | -€3,352 | -15.5% |
| Total equity and liabilities | 10/49 | €2,418,096 | €2,376,481 | -€41,615 | -1.7% |
| Equity | 10/15 | €1,568,358 | €1,662,387 | +€94,029 | +6.0% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €1,493,358 | €1,587,387 | +€94,029 | +6.3% |
| Non-distributable reserves | 130/1 | €3,979 | €3,979 | = | 0.0% |
| Other | 1319 | €3,979 | €3,979 | = | 0.0% |
| Distributable reserves | 133 | €1,489,379 | €1,583,407 | +€94,029 | +6.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €849,738 | €714,094 | -€135,643 | -16.0% |
| Amounts payable after more than one year | 17 | €261,317 | €218,925 | -€42,392 | -16.2% |
| Financial debts | 170/4 | €131,317 | €88,925 | -€42,392 | -32.3% |
| Other amounts payable | 178/9 | €130,000 | €130,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €588,421 | €495,170 | -€93,251 | -15.8% |
| Current portion of amounts payable after more than one year | 42 | €41,099 | €42,392 | +€1,293 | +3.1% |
| Financial debts | 43 | €8,446 | €6,736 | -€1,709 | -20.2% |
| Credit institutions | 430/8 | €8,446 | €6,736 | -€1,709 | -20.2% |
| Trade debts | 44 | €352,873 | €254,436 | -€98,437 | -27.9% |
| Suppliers | 440/4 | €352,873 | €254,436 | -€98,437 | -27.9% |
| Taxes, remuneration and social security | 45 | €104,700 | €92,823 | -€11,877 | -11.3% |
| Taxes | 450/3 | €55,743 | €66,648 | +€10,905 | +19.6% |
| Remuneration and social security | 454/9 | €48,957 | €26,175 | -€22,782 | -46.5% |
| Other amounts payable | 47/48 | €81,303 | €98,782 | +€17,479 | +21.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €267,396 | €254,112 | -€13,284 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,581 | €44,389 | -€1,193 | -2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€763 | -€3,193 | -€2,430 | -319% |
| Other operating charges | 640/8 | €5,798 | €5,812 | +€14 | +0.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €514,358 | €500,032 | -€14,326 | -2.8% |
| Operating profit (loss) | 9901 | €196,346 | €198,912 | +€2,566 | +1.3% |
| Financial income | 75/76B | €0 | €1,129 | +€1,129 | |
| Recurring financial income | 75 | €0 | €1,129 | +€1,129 | |
| Financial charges | 65/66B | €27,941 | €21,027 | -€6,914 | -24.7% |
| Recurring financial charges | 65 | €27,941 | €21,027 | -€6,914 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €168,405 | €179,014 | +€10,609 | +6.3% |
| Income taxes | 67/77 | €34,504 | €34,985 | +€482 | +1.4% |
| Profit (loss) for the period | 9904 | €133,901 | €144,029 | +€10,127 | +7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €133,901 | €144,029 | +€10,127 | +7.6% |
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 14 October 2026 via checked.be.