LA CANTINA: 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.
LA CANTINA
Largest movements
- Cash +€232,179
up €232,179 (+55.2%), from €420,271 to €652,450
mainly Net result for the year (+€582,272) and Current investments (+€204,026)
- Current investments -€204,026
down €204,026 (-27.0%), from €756,124 to €552,098
- Receivables within one year -€50,858
down €50,858 (-3.2%), from €1.6m to €1.5m
of which Other amounts receivable: -€63,407
- Tangible fixed assets -€30,091
down €30,091 (-24.9%), from €120,637 to €90,546
of which Plant, machinery and equipment: -€26,707
- Reserves -€236,236
down €236,236 (-41.1%), from €574,780 to €338,544
of which Distributable reserves: -€234,376
- Other debts +€131,135
up €131,135 (+26.8%), from €489,167 to €620,301
- Trade debts +€70,228
up €70,228 (+4.0%), from €1.7m to €1.8m
- Financial income +€103,499
up €103,499 (+1,250%), from €8,279 to €111,778
- Gross operating margin -€28,862
down €28,862 (-3.7%), from €789,888 to €761,026
- Staff costs +€27,359
up €27,359 (+50.6%), from €54,089 to €81,448
- Taxes -€9,947
down €9,947 (-5.5%), from €180,243 to €170,297
- Depreciation +€8,500
up €8,500 (+45.2%), from €18,814 to €27,314
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 | €2,882,317 | €2,849,846 | -€32,471 | -1.1% |
| Fixed assets | 21/28 | €120,736 | €92,546 | -€28,190 | -23.3% |
| Tangible fixed assets | 22/27 | €120,637 | €90,546 | -€30,091 | -24.9% |
| Plant, machinery and equipment | 23 | €115,268 | €88,560 | -€26,707 | -23.2% |
| Furniture and vehicles | 24 | €5,369 | €1,986 | -€3,384 | -63.0% |
| Financial fixed assets | 28 | €99 | €2,000 | +€1,901 | +1,920% |
| Current assets | 29/58 | €2,761,581 | €2,757,300 | -€4,281 | -0.2% |
| Amounts receivable within one year | 40/41 | €1,583,891 | €1,533,034 | -€50,858 | -3.2% |
| Trade receivables | 40 | €1,424,335 | €1,436,884 | +€12,550 | +0.9% |
| Other amounts receivable | 41 | €159,557 | €96,149 | -€63,407 | -39.7% |
| Current investments | 50/53 | €756,124 | €552,098 | -€204,026 | -27.0% |
| Cash at bank and in hand | 54/58 | €420,271 | €652,450 | +€232,179 | +55.2% |
| Deferred charges and accrued income | 490/1 | €1,294 | €19,718 | +€18,424 | +1,423% |
| Total equity and liabilities | 10/49 | €2,882,317 | €2,849,846 | -€32,471 | -1.1% |
| Equity | 10/15 | €580,980 | €344,744 | -€236,236 | -40.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €574,780 | €338,544 | -€236,236 | -41.1% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Tax-exempt reserves | 132 | €143,140 | €143,140 | = | 0.0% |
| Distributable reserves | 133 | €429,780 | €195,404 | -€234,376 | -54.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,301,337 | €2,505,102 | +€203,764 | +8.9% |
| Amounts payable within one year | 42/48 | €2,301,337 | €2,505,050 | +€203,712 | +8.9% |
| Current portion of amounts payable after more than one year | 42 | €67,665 | €67,336 | -€329 | -0.5% |
| Trade debts | 44 | €1,738,732 | €1,808,960 | +€70,228 | +4.0% |
| Suppliers | 440/4 | €1,738,732 | €1,808,960 | +€70,228 | +4.0% |
| Taxes, remuneration and social security | 45 | €5,773 | €8,452 | +€2,679 | +46.4% |
| Taxes | 450/3 | €1,197 | €443 | -€754 | -63.0% |
| Remuneration and social security | 454/9 | €4,576 | €8,009 | +€3,433 | +75.0% |
| Other amounts payable | 47/48 | €489,167 | €620,301 | +€131,135 | +26.8% |
| Accrued charges and deferred income | 492/3 | - | €52 | +€52 | |
| Non-recurring operating income | 76A | - | €35,000 | +€35,000 | |
| Remuneration, social security and pensions | 62 | €54,089 | €81,448 | +€27,359 | +50.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,814 | €27,314 | +€8,500 | +45.2% |
| Other operating charges | 640/8 | €2,003 | €2,131 | +€128 | +6.4% |
| Non-recurring operating charges | 66A | €0 | €5,639 | +€5,639 | |
| Gross operating margin | 9900 | €789,888 | €761,026 | -€28,862 | -3.7% |
| Operating profit (loss) | 9901 | €714,982 | €644,495 | -€70,488 | -9.9% |
| Financial income | 75/76B | €8,279 | €111,778 | +€103,499 | +1,250% |
| Recurring financial income | 75 | €8,279 | €111,778 | +€103,499 | +1,250% |
| Financial charges | 65/66B | €4,441 | €3,704 | -€737 | -16.6% |
| Recurring financial charges | 65 | €4,441 | €3,704 | -€737 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €718,821 | €752,568 | +€33,747 | +4.7% |
| Income taxes | 67/77 | €180,243 | €170,297 | -€9,947 | -5.5% |
| Profit (loss) for the period | 9904 | €538,577 | €582,272 | +€43,694 | +8.1% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €538,577 | €582,272 | +€43,694 | +8.1% |
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 21 October 2026 via checked.be.