Independent 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.
Independent Spirits
Largest movements
- Stocks and contracts +€121,162
new in 2025: €121,162
- Profit (loss) carried forward +€636,754
up €636,754, from -€526,790 to €109,964
- Debts after one year -€437,023
down €437,023 (-9.3%), from €4.7m to €4.3m
- Other debts -€326,085
down €326,085 (-43.4%), from €751,839 to €425,755
- Accrued charges and deferred income +€187,896
up €187,896 (+59.3%), from €317,049 to €504,945
- Financial income +€838,295
up €838,295 (+5,094%), from €16,457 to €854,751
- Financial charges -€209,030
down €209,030 (-33.6%), from €621,522 to €412,492
- Gross operating margin +€104,898
up €104,898 (+93.9%), from €111,706 to €216,604
- Depreciation -€10,966
down €10,966 (-33.5%), from €32,687 to €21,722
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 | €8,993,252 | €9,048,907 | +€55,655 | +0.6% |
| Fixed assets | 21/28 | €8,844,721 | €8,888,279 | +€43,558 | +0.5% |
| Intangible fixed assets | 21 | €75,921 | €54,199 | -€21,722 | -28.6% |
| Tangible fixed assets | 22/27 | - | €65,280 | +€65,280 | |
| Assets under construction and advance payments | 27 | - | €65,280 | +€65,280 | |
| Financial fixed assets | 28 | €8,768,800 | €8,768,800 | = | 0.0% |
| Current assets | 29/58 | €148,532 | €160,628 | +€12,097 | +8.1% |
| Stocks and contracts in progress | 3 | - | €121,162 | +€121,162 | |
| Stocks | 30/36 | - | €121,162 | +€121,162 | |
| Amounts receivable within one year | 40/41 | €108,157 | €20,000 | -€88,157 | -81.5% |
| Trade receivables | 40 | €108,150 | €20,000 | -€88,150 | -81.5% |
| Other amounts receivable | 41 | €7 | €0 | -€7 | -100% |
| Cash at bank and in hand | 54/58 | €14,500 | €3,942 | -€10,558 | -72.8% |
| Deferred charges and accrued income | 490/1 | €25,875 | €15,525 | -€10,350 | -40.0% |
| Total equity and liabilities | 10/49 | €8,993,252 | €9,048,907 | +€55,655 | +0.6% |
| Equity | 10/15 | €2,724,210 | €3,360,964 | +€636,754 | +23.4% |
| Contributions | 10/11 | €3,251,000 | €3,251,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€526,790 | €109,964 | +€636,754 | |
| Amounts payable | 17/49 | €6,269,042 | €5,687,943 | -€581,099 | -9.3% |
| Amounts payable after more than one year | 17 | €4,690,824 | €4,253,801 | -€437,023 | -9.3% |
| Financial debts | 170/4 | €4,690,824 | €4,253,801 | -€437,023 | -9.3% |
| Amounts payable within one year | 42/48 | €1,261,169 | €929,197 | -€331,972 | -26.3% |
| Current portion of amounts payable after more than one year | 42 | €429,494 | €437,023 | +€7,530 | +1.8% |
| Trade debts | 44 | €78,650 | €66,419 | -€12,231 | -15.6% |
| Suppliers | 440/4 | €78,650 | €66,419 | -€12,231 | -15.6% |
| Taxes, remuneration and social security | 45 | €1,186 | - | -€1,186 | |
| Taxes | 450/3 | €1,186 | - | -€1,186 | |
| Other amounts payable | 47/48 | €751,839 | €425,755 | -€326,085 | -43.4% |
| Accrued charges and deferred income | 492/3 | €317,049 | €504,945 | +€187,896 | +59.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,687 | €21,722 | -€10,966 | -33.5% |
| Other operating charges | 640/8 | €743 | €387 | -€356 | -47.9% |
| Gross operating margin | 9900 | €111,706 | €216,604 | +€104,898 | +93.9% |
| Operating profit (loss) | 9901 | €78,275 | €194,495 | +€116,220 | +148% |
| Financial income | 75/76B | €16,457 | €854,751 | +€838,295 | +5,094% |
| Recurring financial income | 75 | €16,457 | €854,751 | +€838,295 | +5,094% |
| Financial charges | 65/66B | €621,522 | €412,492 | -€209,030 | -33.6% |
| Recurring financial charges | 65 | €621,522 | €412,492 | -€209,030 | -33.6% |
| Profit (loss) for the period before taxes | 9903 | -€526,790 | €636,754 | +€1.2m | |
| Profit (loss) for the period | 9904 | -€526,790 | €636,754 | +€1.2m | |
| Profit (loss) for the period to be appropriated | 9905 | -€526,790 | €636,754 | +€1.2m |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.