LIQUID SPIRITS: what changed
LIQUID SPIRITS
Largest movements
- Receivables within one year -€9,516
down €9,516 (-88.3%), from €10,772 to €1,256
of which Trade receivables: -€9,679
- Stocks and contracts -€5,368
down €5,368 (-15.5%), from €34,535 to €29,167
- Deferred charges and accrued income -€2,738
no longer reported in 2025 (was €2,738)
- Intangible fixed assets -€1,500
down €1,500 (-25.0%), from €6,000 to €4,500
- Tangible fixed assets -€1,106
down €1,106 (-42.3%), from €2,613 to €1,507
- Profit (loss) carried forward -€28,978
down €28,978 (-62.7%), from -€46,203 to -€75,181
- Other debts +€19,451
up €19,451 (+48.4%), from €40,221 to €59,672
- Trade debts -€11,921
down €11,921 (-99.3%), from €12,002 to €81
- Purchases and services -€4,286
down €4,286 (-17.7%), from €24,186 to €19,900
- Gross operating margin -€4,154
down €4,154 (-46.6%), from -€8,919 to -€13,073
- Depreciation -€132
down €132 (-4.8%), from €2,738 to €2,606
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,620 | €38,172 | -€21,448 | -36.0% |
| Fixed assets | 21/28 | €9,103 | €6,007 | -€3,096 | -34.0% |
| Intangible fixed assets | 21 | €6,000 | €4,500 | -€1,500 | -25.0% |
| Tangible fixed assets | 22/27 | €2,613 | €1,507 | -€1,106 | -42.3% |
| Plant, machinery and equipment | 23 | €2,613 | €1,507 | -€1,106 | -42.3% |
| Financial fixed assets | 28 | €490 | €0 | -€490 | -100% |
| Current assets | 29/58 | €50,516 | €32,165 | -€18,351 | -36.3% |
| Stocks and contracts in progress | 3 | €34,535 | €29,167 | -€5,368 | -15.5% |
| Stocks | 30/36 | €34,535 | €29,167 | -€5,368 | -15.5% |
| Amounts receivable within one year | 40/41 | €10,772 | €1,256 | -€9,516 | -88.3% |
| Trade receivables | 40 | €9,679 | - | -€9,679 | |
| Other amounts receivable | 41 | €1,093 | €1,256 | +€163 | +14.9% |
| Cash at bank and in hand | 54/58 | €2,471 | €1,742 | -€729 | -29.5% |
| Deferred charges and accrued income | 490/1 | €2,738 | - | -€2,738 | |
| Total equity and liabilities | 10/49 | €59,620 | €38,172 | -€21,448 | -36.0% |
| Equity | 10/15 | €7,397 | -€21,581 | -€28,978 | |
| Contributions | 10/11 | €53,600 | €53,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,203 | -€75,181 | -€28,978 | -62.7% |
| Amounts payable | 17/49 | €52,223 | €59,753 | +€7,530 | +14.4% |
| Amounts payable within one year | 42/48 | €52,223 | €59,753 | +€7,530 | +14.4% |
| Trade debts | 44 | €12,002 | €81 | -€11,921 | -99.3% |
| Suppliers | 440/4 | €12,002 | €81 | -€11,921 | -99.3% |
| Other amounts payable | 47/48 | €40,221 | €59,672 | +€19,451 | +48.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €24,186 | €19,900 | -€4,286 | -17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,738 | €2,606 | -€132 | -4.8% |
| Other operating charges | 640/8 | €643 | €731 | +€88 | +13.7% |
| Gross operating margin | 9900 | -€8,919 | -€13,073 | -€4,154 | -46.6% |
| Operating profit (loss) | 9901 | -€12,299 | -€16,410 | -€4,111 | -33.4% |
| Financial income | 75/76B | €0 | €48 | +€48 | +13,614% |
| Recurring financial income | 75 | €0 | €48 | +€48 | +13,614% |
| Financial charges | 65/66B | €182 | €135 | -€47 | -25.8% |
| Recurring financial charges | 65 | €182 | €135 | -€47 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | -€12,481 | -€16,497 | -€4,016 | -32.2% |
| Profit (loss) for the period | 9904 | -€12,481 | -€16,497 | -€4,016 | -32.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,481 | -€16,497 | -€4,016 | -32.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.