IMMORTAL SPIRITS: 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.
IMMORTAL SPIRITS
Largest movements
- Stocks and contracts +€5,088
up €5,088 (+58.2%), from €8,736 to €13,824
- Cash -€4,326
down €4,326 (-97.8%), from €4,423 to €97
mainly Net result for the year (-€7,062) and Stocks and contracts (-€5,088)
- Receivables within one year +€525
up €525 (+3.3%), from €16,034 to €16,559
of which Trade receivables: +€1,193
- Profit (loss) carried forward -€7,062
down €7,062 (-20.1%), from -€35,206 to -€42,268
- Other debts +€5,000
up €5,000 (+8.6%), from €58,000 to €63,000
- Trade debts +€3,349
up €3,349 (+52.3%), from €6,399 to €9,748
- Gross operating margin +€3,953
up €3,953 (+36.1%), from -€10,965 to -€7,012
- Other operating charges -€522
down €522 (-88.2%), from €592 to €70
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,193 | €30,480 | +€1,287 | +4.4% |
| Current assets | 29/58 | €29,193 | €30,480 | +€1,287 | +4.4% |
| Stocks and contracts in progress | 3 | €8,736 | €13,824 | +€5,088 | +58.2% |
| Stocks | 30/36 | €8,736 | €13,824 | +€5,088 | +58.2% |
| Amounts receivable within one year | 40/41 | €16,034 | €16,559 | +€525 | +3.3% |
| Trade receivables | 40 | €15,234 | €16,427 | +€1,193 | +7.8% |
| Other amounts receivable | 41 | €800 | €132 | -€668 | -83.5% |
| Cash at bank and in hand | 54/58 | €4,423 | €97 | -€4,326 | -97.8% |
| Total equity and liabilities | 10/49 | €29,193 | €30,480 | +€1,287 | +4.4% |
| Equity | 10/15 | -€35,206 | -€42,268 | -€7,062 | -20.1% |
| Profit (loss) carried forward | 14 | -€35,206 | -€42,268 | -€7,062 | -20.1% |
| Amounts payable | 17/49 | €64,399 | €72,748 | +€8,349 | +13.0% |
| Amounts payable within one year | 42/48 | €64,399 | €72,748 | +€8,349 | +13.0% |
| Trade debts | 44 | €6,399 | €9,748 | +€3,349 | +52.3% |
| Suppliers | 440/4 | €6,399 | €9,748 | +€3,349 | +52.3% |
| Other amounts payable | 47/48 | €58,000 | €63,000 | +€5,000 | +8.6% |
| Other operating charges | 640/8 | €592 | €70 | -€522 | -88.2% |
| Gross operating margin | 9900 | -€10,965 | -€7,012 | +€3,953 | +36.1% |
| Operating profit (loss) | 9901 | -€11,557 | -€7,082 | +€4,475 | +38.7% |
| Financial income | 75/76B | - | €78 | +€78 | |
| Recurring financial income | 75 | - | €78 | +€78 | |
| Financial charges | 65/66B | €62 | €58 | -€4 | -6.5% |
| Recurring financial charges | 65 | €62 | €58 | -€4 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | -€11,619 | -€7,062 | +€4,557 | +39.2% |
| Profit (loss) for the period | 9904 | -€11,619 | -€7,062 | +€4,557 | +39.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,619 | -€7,062 | +€4,557 | +39.2% |
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 29 October 2026 via checked.be.