LA CANTINIERA: 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 CANTINIERA
Largest movements
- Tangible fixed assets +€171,681
up €171,681 (+62.8%), from €273,208 to €444,888
of which Other tangible fixed assets: +€164,836
- Receivables within one year -€131,510
down €131,510 (-18.9%), from €696,063 to €564,553
of which Trade receivables: -€116,215
- Cash +€99,468
up €99,468 (+116%), from €85,944 to €185,412
mainly Receivables within one year (+€131,510) and Trade debts (+€103,305)
- Trade debts +€103,305
up €103,305 (+65.7%), from €157,254 to €260,559
- Short-term financial debts +€94,446
up €94,446 (+23.0%), from €410,017 to €504,463
- Debts after one year -€40,704
down €40,704 (-47.3%), from €86,135 to €45,431
- Other debts -€34,157
down €34,157 (-7.9%), from €431,424 to €397,267
- Purchases and services -€220,472
down €220,472 (-8.5%), from €2.6m to €2.4m
- Turnover -€151,583
down €151,583 (-5.4%), from €2.8m to €2.6m
- Gross operating margin +€117,248
up €117,248 (+47.6%), from €246,367 to €363,615
- Other operating charges +€114,903
up €114,903 (+580%), from €19,798 to €134,701
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 | €1,495,309 | €1,637,115 | +€141,805 | +9.5% |
| Fixed assets | 21/28 | €274,427 | €446,107 | +€171,681 | +62.6% |
| Tangible fixed assets | 22/27 | €273,208 | €444,888 | +€171,681 | +62.8% |
| Land and buildings | 22 | €205,598 | €192,848 | -€12,750 | -6.2% |
| Furniture and vehicles | 24 | €16,167 | €33,395 | +€17,228 | +107% |
| Leasing and similar rights | 25 | - | €2,366 | +€2,366 | |
| Other tangible fixed assets | 26 | €51,442 | €216,278 | +€164,836 | +320% |
| Financial fixed assets | 28 | €1,219 | €1,219 | = | 0.0% |
| Current assets | 29/58 | €1,220,883 | €1,191,007 | -€29,875 | -2.4% |
| Stocks and contracts in progress | 3 | €438,876 | €441,043 | +€2,167 | +0.5% |
| Stocks | 30/36 | €438,876 | €441,043 | +€2,167 | +0.5% |
| Amounts receivable within one year | 40/41 | €696,063 | €564,553 | -€131,510 | -18.9% |
| Trade receivables | 40 | €663,335 | €547,120 | -€116,215 | -17.5% |
| Other amounts receivable | 41 | €32,728 | €17,433 | -€15,295 | -46.7% |
| Cash at bank and in hand | 54/58 | €85,944 | €185,412 | +€99,468 | +116% |
| Total equity and liabilities | 10/49 | €1,495,309 | €1,637,115 | +€141,805 | +9.5% |
| Equity | 10/15 | €385,480 | €401,833 | +€16,353 | +4.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,820 | €1,820 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,820 | €1,820 | = | 0.0% |
| Legal reserve | 130 | €1,820 | €1,820 | = | 0.0% |
| Profit (loss) carried forward | 14 | €365,060 | €381,413 | +€16,353 | +4.5% |
| Amounts payable | 17/49 | €1,109,829 | €1,235,281 | +€125,452 | +11.3% |
| Amounts payable after more than one year | 17 | €86,135 | €45,431 | -€40,704 | -47.3% |
| Financial debts | 170/4 | €86,135 | €45,431 | -€40,704 | -47.3% |
| Amounts payable within one year | 42/48 | €1,023,369 | €1,189,525 | +€166,156 | +16.2% |
| Current portion of amounts payable after more than one year | 42 | €3,426 | €3,426 | = | 0.0% |
| Financial debts | 43 | €410,017 | €504,463 | +€94,446 | +23.0% |
| Credit institutions | 430/8 | €410,017 | €504,463 | +€94,446 | +23.0% |
| Trade debts | 44 | €157,254 | €260,559 | +€103,305 | +65.7% |
| Suppliers | 440/4 | €157,254 | €260,559 | +€103,305 | +65.7% |
| Taxes, remuneration and social security | 45 | €21,247 | €23,809 | +€2,562 | +12.1% |
| Taxes | 450/3 | - | €3,487 | +€3,487 | |
| Remuneration and social security | 454/9 | €21,247 | €20,322 | -€926 | -4.4% |
| Other amounts payable | 47/48 | €431,424 | €397,267 | -€34,157 | -7.9% |
| Accrued charges and deferred income | 492/3 | €325 | €325 | = | 0.0% |
| Turnover | 70 | €2,783,362 | €2,631,779 | -€151,583 | -5.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,596,274 | €2,375,802 | -€220,472 | -8.5% |
| Remuneration, social security and pensions | 62 | €131,113 | €139,569 | +€8,456 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,532 | €33,880 | -€1,652 | -4.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€25,997 | -€25,997 | |
| Other operating charges | 640/8 | €19,798 | €134,701 | +€114,903 | +580% |
| Gross operating margin | 9900 | €246,367 | €363,615 | +€117,248 | +47.6% |
| Operating profit (loss) | 9901 | €59,924 | €81,462 | +€21,538 | +35.9% |
| Financial income | 75/76B | €105 | €72 | -€34 | -31.9% |
| Recurring financial income | 75 | €105 | €72 | -€34 | -31.9% |
| Financial charges | 65/66B | €37,450 | €38,459 | +€1,008 | +2.7% |
| Recurring financial charges | 65 | €37,450 | €38,459 | +€1,008 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €22,579 | €43,075 | +€20,496 | +90.8% |
| Income taxes | 67/77 | €9,515 | €26,722 | +€17,207 | +181% |
| Profit (loss) for the period | 9904 | €13,064 | €16,353 | +€3,289 | +25.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,064 | €16,353 | +€3,289 | +25.2% |
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 30 October 2026 via checked.be.