Le Vinologue: 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.
Le Vinologue
Largest movements
- Receivables within one year +€4,030
up €4,030 (+125%), from €3,235 to €7,265
of which Trade receivables: +€3,696
- Cash -€2,222
down €2,222 (-69.5%), from €3,199 to €977
mainly Receivables within one year (-€4,030) and Investment in fixed assets (net) (-€1,289)
- Tangible fixed assets +€500
up €500 (+107%), from €467 to €966
- Profit (loss) carried forward +€2,817
up €2,817 (+12.1%), from -€23,257 to -€20,440
- Tax, wage and social debts -€599
no longer reported in 2025 (was €599)
- Financial charges -€3,808
down €3,808 (-89.6%), from €4,250 to €441
- Gross operating margin +€626
up €626 (+13.7%), from €4,554 to €5,180
- Depreciation +€322
up €322 (+69.0%), from €467 to €789
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 | €8,231 | €10,446 | +€2,215 | +26.9% |
| Fixed assets | 21/28 | €467 | €966 | +€500 | +107% |
| Tangible fixed assets | 22/27 | €467 | €966 | +€500 | +107% |
| Furniture and vehicles | 24 | €467 | €966 | +€500 | +107% |
| Current assets | 29/58 | €7,764 | €9,479 | +€1,715 | +22.1% |
| Stocks and contracts in progress | 3 | €1,330 | €1,237 | -€93 | -7.0% |
| Stocks | 30/36 | €1,330 | €1,237 | -€93 | -7.0% |
| Amounts receivable within one year | 40/41 | €3,235 | €7,265 | +€4,030 | +125% |
| Trade receivables | 40 | €1,455 | €5,151 | +€3,696 | +254% |
| Other amounts receivable | 41 | €1,780 | €2,114 | +€333 | +18.7% |
| Cash at bank and in hand | 54/58 | €3,199 | €977 | -€2,222 | -69.5% |
| Total equity and liabilities | 10/49 | €8,231 | €10,446 | +€2,215 | +26.9% |
| Equity | 10/15 | €7,419 | €10,235 | +€2,817 | +38.0% |
| Contributions | 10/11 | €14,510 | €14,510 | = | 0.0% |
| Reserves | 13 | €16,166 | €16,166 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €14,306 | €14,306 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,257 | -€20,440 | +€2,817 | +12.1% |
| Amounts payable | 17/49 | €812 | €210 | -€602 | -74.1% |
| Amounts payable within one year | 42/48 | €812 | €210 | -€602 | -74.1% |
| Trade debts | 44 | €213 | €210 | -€3 | -1.4% |
| Suppliers | 440/4 | €213 | €210 | -€3 | -1.4% |
| Taxes, remuneration and social security | 45 | €599 | - | -€599 | |
| Taxes | 450/3 | €599 | - | -€599 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €467 | €789 | +€322 | +69.0% |
| Gross operating margin | 9900 | €4,554 | €5,180 | +€626 | +13.7% |
| Operating profit (loss) | 9901 | €4,088 | €4,392 | +€304 | +7.4% |
| Financial income | 75/76B | €0 | €1 | +€1 | +135% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +135% |
| Financial charges | 65/66B | €4,250 | €441 | -€3,808 | -89.6% |
| Recurring financial charges | 65 | €4,250 | €441 | -€3,808 | -89.6% |
| Profit (loss) for the period before taxes | 9903 | -€161 | €3,951 | +€4,113 | |
| Income taxes | 67/77 | €1,150 | €1,135 | -€15 | -1.3% |
| Profit (loss) for the period | 9904 | -€1,311 | €2,817 | +€4,128 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,311 | €2,817 | +€4,128 |
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 13 October 2026 via checked.be.