GROUPVIN: 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
GROUPVIN
NACE 46.341, Wholesale of wines and spirits
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€28,366
2024 · €7,701+€20,665
Equity
€473,864
2024 · €445,498+€28,366
Cash
€63,748
2024 · €65,999-€2,251
Balance sheet total
€1.0m
2024 · €1.1m-€46,928
Largest movements
Assets
- Tangible fixed assets -€60,243
down €60,243 (-7.7%), from €782,151 to €721,908
of which Land and buildings: -€46,345
Equity and liabilities
- Other debts -€78,516
down €78,516 (-32.9%), from €238,663 to €160,147
- Profit (loss) carried forward +€28,366
up €28,366 (+7.5%), from €377,298 to €405,664
Income statement
- Gross operating margin +€26,614
up €26,614 (+15.6%), from €170,228 to €196,842
- Financial charges +€6,376
up €6,376 (+500%), from €1,276 to €7,652
- Depreciation +€4,948
up €4,948 (+8.9%), from €55,295 to €60,243
- Taxes -€4,643
down €4,643 (-92.5%), from €5,018 to €375
- Staff costs +€2,595
up €2,595 (+3.0%), from €87,297 to €89,892
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
€7,701
Gross operating margin
+€26,614
Staff costs
-€2,595
Depreciation
-€4,948
Other operating charges
-€1,333
Other operating items
+€4,648
Financial income
+€12
Financial charges
-€6,376
Taxes
+€4,643
Result 2025
€28,366
raises the resultlowers the resultnot broken down further in the accounts
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
-€1,801
Investment
-€450
Financing
€0
Cash 2024
€65,999
From operations (derived)
-€1,801
Net result for the year
+€28,366
Depreciation
+€60,243
Stocks and contracts
-€10,737
Receivables within one year
-€5,115
Deferred charges and accrued income
+€736
Trade debts
+€1,359
Tax, wage and social debts
+€1,863
Other debts
-€78,516
Investment (derived)
-€450
Investment in fixed assets (net)
-€450
Cash 2025
€63,748
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,095,838 | €1,048,910 | -€46,928 | -4.3% |
| Fixed assets | 21/28 | €783,351 | €723,558 | -€59,793 | -7.6% |
| Tangible fixed assets | 22/27 | €782,151 | €721,908 | -€60,243 | -7.7% |
| Land and buildings | 22 | €718,103 | €671,758 | -€46,345 | -6.5% |
| Plant, machinery and equipment | 23 | €7,420 | €6,225 | -€1,195 | -16.1% |
| Furniture and vehicles | 24 | €56,628 | €43,925 | -€12,703 | -22.4% |
| Financial fixed assets | 28 | €1,200 | €1,650 | +€450 | +37.5% |
| Current assets | 29/58 | €312,487 | €325,352 | +€12,865 | +4.1% |
| Stocks and contracts in progress | 3 | €220,050 | €230,787 | +€10,737 | +4.9% |
| Stocks | 30/36 | €220,050 | €230,787 | +€10,737 | +4.9% |
| Amounts receivable within one year | 40/41 | €20,581 | €25,696 | +€5,115 | +24.9% |
| Trade receivables | 40 | €20,561 | €25,657 | +€5,096 | +24.8% |
| Other amounts receivable | 41 | €20 | €39 | +€19 | +95.0% |
| Cash at bank and in hand | 54/58 | €65,999 | €63,748 | -€2,251 | -3.4% |
| Deferred charges and accrued income | 490/1 | €5,857 | €5,121 | -€736 | -12.6% |
| Total equity and liabilities | 10/49 | €1,095,838 | €1,048,910 | -€46,928 | -4.3% |
| Equity | 10/15 | €445,498 | €473,864 | +€28,366 | +6.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €377,298 | €405,664 | +€28,366 | +7.5% |
| Amounts payable | 17/49 | €650,340 | €575,046 | -€75,294 | -11.6% |
| Amounts payable after more than one year | 17 | €336,626 | €336,626 | = | 0.0% |
| Other amounts payable | 178/9 | €336,626 | €336,626 | = | 0.0% |
| Amounts payable within one year | 42/48 | €313,714 | €238,420 | -€75,294 | -24.0% |
| Trade debts | 44 | €30,421 | €31,780 | +€1,359 | +4.5% |
| Suppliers | 440/4 | €30,421 | €31,780 | +€1,359 | +4.5% |
| Taxes, remuneration and social security | 45 | €44,630 | €46,493 | +€1,863 | +4.2% |
| Taxes | 450/3 | €28,497 | €29,797 | +€1,300 | +4.6% |
| Remuneration and social security | 454/9 | €16,133 | €16,696 | +€563 | +3.5% |
| Other amounts payable | 47/48 | €238,663 | €160,147 | -€78,516 | -32.9% |
| Remuneration, social security and pensions | 62 | €87,297 | €89,892 | +€2,595 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,295 | €60,243 | +€4,948 | +8.9% |
| Other operating charges | 640/8 | €8,831 | €10,164 | +€1,333 | +15.1% |
| Non-recurring operating charges | 66A | €4,873 | €225 | -€4,648 | -95.4% |
| Gross operating margin | 9900 | €170,228 | €196,842 | +€26,614 | +15.6% |
| Operating profit (loss) | 9901 | €13,932 | €36,318 | +€22,386 | +161% |
| Financial income | 75/76B | €63 | €75 | +€12 | +19.0% |
| Recurring financial income | 75 | €63 | €75 | +€12 | +19.0% |
| Financial charges | 65/66B | €1,276 | €7,652 | +€6,376 | +500% |
| Recurring financial charges | 65 | €1,276 | €7,652 | +€6,376 | +500% |
| Profit (loss) for the period before taxes | 9903 | €12,719 | €28,741 | +€16,022 | +126% |
| Income taxes | 67/77 | €5,018 | €375 | -€4,643 | -92.5% |
| Profit (loss) for the period | 9904 | €7,701 | €28,366 | +€20,665 | +268% |
| Profit (loss) for the period to be appropriated | 9905 | €7,701 | €28,366 | +€20,665 | +268% |
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 16 October 2026 via checked.be.