L’Eau Délice – LD Wines & 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.
L’Eau Délice – LD Wines & Spirits
Largest movements
- Receivables within one year -€303,887
down €303,887 (-65.3%), from €465,047 to €161,160
of which Trade receivables: -€302,032
- Stocks and contracts -€103,767
down €103,767 (-17.7%), from €586,002 to €482,234
- Receivables after one year -€60,000
down €60,000 (-100%), from €60,000 to €0
- Cash -€12,425
down €12,425 (-26.8%), from €46,366 to €33,941
mainly Net result for the year (-€240,806) and Trade debts (-€207,032)
- Profit (loss) carried forward -€238,946
new in 2025: -€238,946
- Trade debts -€207,032
down €207,032 (-56.5%), from €366,589 to €159,558
- Short-term financial debts -€204,099
down €204,099 (-38.3%), from €533,193 to €329,094
- Debts after one year +€119,037
up €119,037 (+198%), from €60,000 to €179,037
- Current portion of long-term debt +€37,005
new in 2025: €37,005
- Gross operating margin -€288,306
down €288,306, from €161,363 to -€126,943
- Other operating charges +€38,581
up €38,581 (+2,368%), from €1,629 to €40,210
- Write-downs -€13,077
down €13,077 (-84.3%), from €15,518 to €2,442
- Taxes -€12,533
down €12,533 (-97.1%), from €12,910 to €377
- Financial charges -€8,580
down €8,580 (-20.5%), from €41,841 to €33,262
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 | €1,173,813 | €688,006 | -€485,807 | -41.4% |
| Fixed assets | 21/28 | €13,147 | €7,745 | -€5,402 | -41.1% |
| Tangible fixed assets | 22/27 | €13,147 | €7,745 | -€5,402 | -41.1% |
| Plant, machinery and equipment | 23 | €12,583 | €5,979 | -€6,604 | -52.5% |
| Furniture and vehicles | 24 | €564 | €1,766 | +€1,202 | +213% |
| Current assets | 29/58 | €1,160,665 | €680,261 | -€480,404 | -41.4% |
| Amounts receivable after more than one year | 29 | €60,000 | €0 | -€60,000 | -100% |
| Other amounts receivable | 291 | €60,000 | €0 | -€60,000 | -100% |
| Stocks and contracts in progress | 3 | €586,002 | €482,234 | -€103,767 | -17.7% |
| Stocks | 30/36 | €586,002 | €482,234 | -€103,767 | -17.7% |
| Amounts receivable within one year | 40/41 | €465,047 | €161,160 | -€303,887 | -65.3% |
| Trade receivables | 40 | €462,268 | €160,235 | -€302,032 | -65.3% |
| Other amounts receivable | 41 | €2,779 | €925 | -€1,855 | -66.7% |
| Cash at bank and in hand | 54/58 | €46,366 | €33,941 | -€12,425 | -26.8% |
| Deferred charges and accrued income | 490/1 | €3,250 | €2,925 | -€325 | -10.0% |
| Total equity and liabilities | 10/49 | €1,173,813 | €688,006 | -€485,807 | -41.4% |
| Equity | 10/15 | €150,667 | -€90,139 | -€240,806 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €132,067 | €130,207 | -€1,860 | -1.4% |
| Distributable reserves | 133 | €132,067 | €130,207 | -€1,860 | -1.4% |
| Profit (loss) carried forward | 14 | - | -€238,946 | -€238,946 | |
| Amounts payable | 17/49 | €1,023,146 | €778,145 | -€245,001 | -23.9% |
| Amounts payable after more than one year | 17 | €60,000 | €179,037 | +€119,037 | +198% |
| Financial debts | 170/4 | €60,000 | €179,037 | +€119,037 | +198% |
| Amounts payable within one year | 42/48 | €960,401 | €594,384 | -€366,017 | -38.1% |
| Current portion of amounts payable after more than one year | 42 | - | €37,005 | +€37,005 | |
| Financial debts | 43 | €533,193 | €329,094 | -€204,099 | -38.3% |
| Credit institutions | 430/8 | €533,193 | €329,094 | -€204,099 | -38.3% |
| Trade debts | 44 | €366,589 | €159,558 | -€207,032 | -56.5% |
| Suppliers | 440/4 | €366,589 | €159,558 | -€207,032 | -56.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €45,062 | €47,996 | +€2,934 | +6.5% |
| Taxes | 450/3 | €38,236 | €45,324 | +€7,088 | +18.5% |
| Remuneration and social security | 454/9 | €6,827 | €2,673 | -€4,154 | -60.9% |
| Other amounts payable | 47/48 | €15,557 | €20,732 | +€5,175 | +33.3% |
| Accrued charges and deferred income | 492/3 | €2,745 | €4,724 | +€1,979 | +72.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €44,176 | €40,764 | -€3,413 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,942 | €6,860 | -€82 | -1.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,518 | €2,442 | -€13,077 | -84.3% |
| Other operating charges | 640/8 | €1,629 | €40,210 | +€38,581 | +2,368% |
| Gross operating margin | 9900 | €161,363 | -€126,943 | -€288,306 | |
| Operating profit (loss) | 9901 | €93,097 | -€217,218 | -€310,315 | |
| Financial income | 75/76B | €1,642 | €10,051 | +€8,408 | +512% |
| Recurring financial income | 75 | €1,642 | €10,051 | +€8,408 | +512% |
| Financial charges | 65/66B | €41,841 | €33,262 | -€8,580 | -20.5% |
| Recurring financial charges | 65 | €41,841 | €33,262 | -€8,580 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | €52,898 | -€240,429 | -€293,327 | |
| Income taxes | 67/77 | €12,910 | €377 | -€12,533 | -97.1% |
| Profit (loss) for the period | 9904 | €39,988 | -€240,806 | -€280,794 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,988 | -€240,806 | -€280,794 |
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 22 October 2026 via checked.be.