M.E. gusta vino!: 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.
M.E. gusta vino!
Largest movements
- Receivables within one year +€62,854
up €62,854 (+184%), from €34,130 to €96,984
of which Trade receivables: +€62,817
- Stocks and contracts +€23,232
up €23,232 (+19.6%), from €118,252 to €141,484
- Cash -€16,896
down €16,896 (-13.1%), from €129,137 to €112,241
mainly Receivables within one year (-€62,854) and Stocks and contracts (-€23,232)
- Reserves +€65,896
up €65,896 (+41.5%), from €158,715 to €224,611
- Tax, wage and social debts +€7,556
up €7,556 (+21.2%), from €35,707 to €43,263
of which Taxes: +€5,695
- Gross operating margin +€45,197
up €45,197 (+49.8%), from €90,691 to €135,888
- Taxes +€12,414
up €12,414 (+62.9%), from €19,721 to €32,135
- Financial charges +€3,524
up €3,524 (+326%), from €1,081 to €4,605
- Staff costs +€2,210
up €2,210 (+9.7%), from €22,869 to €25,079
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 | €336,572 | €405,066 | +€68,494 | +20.4% |
| Fixed assets | 21/28 | €51,772 | €53,235 | +€1,463 | +2.8% |
| Tangible fixed assets | 22/27 | €51,572 | €52,535 | +€963 | +1.9% |
| Land and buildings | 22 | €51,572 | €47,131 | -€4,441 | -8.6% |
| Plant, machinery and equipment | 23 | - | €2,910 | +€2,910 | |
| Furniture and vehicles | 24 | - | €2,494 | +€2,494 | |
| Financial fixed assets | 28 | €200 | €700 | +€500 | +250% |
| Current assets | 29/58 | €284,801 | €351,831 | +€67,031 | +23.5% |
| Stocks and contracts in progress | 3 | €118,252 | €141,484 | +€23,232 | +19.6% |
| Stocks | 30/36 | €118,252 | €141,484 | +€23,232 | +19.6% |
| Amounts receivable within one year | 40/41 | €34,130 | €96,984 | +€62,854 | +184% |
| Trade receivables | 40 | €34,130 | €96,947 | +€62,817 | +184% |
| Other amounts receivable | 41 | - | €37 | +€37 | |
| Cash at bank and in hand | 54/58 | €129,137 | €112,241 | -€16,896 | -13.1% |
| Deferred charges and accrued income | 490/1 | €3,282 | €1,122 | -€2,160 | -65.8% |
| Total equity and liabilities | 10/49 | €336,572 | €405,066 | +€68,494 | +20.4% |
| Equity | 10/15 | €164,915 | €230,811 | +€65,896 | +40.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €158,715 | €224,611 | +€65,896 | +41.5% |
| Distributable reserves | 133 | €158,715 | €224,611 | +€65,896 | +41.5% |
| Amounts payable | 17/49 | €171,657 | €174,255 | +€2,598 | +1.5% |
| Amounts payable after more than one year | 17 | €23,719 | €20,743 | -€2,977 | -12.6% |
| Financial debts | 170/4 | €23,719 | €20,743 | -€2,977 | -12.6% |
| Amounts payable within one year | 42/48 | €145,967 | €150,491 | +€4,524 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €7,005 | €6,607 | -€398 | -5.7% |
| Trade debts | 44 | €3,108 | - | -€3,108 | |
| Suppliers | 440/4 | €3,108 | - | -€3,108 | |
| Taxes, remuneration and social security | 45 | €35,707 | €43,263 | +€7,556 | +21.2% |
| Taxes | 450/3 | €33,688 | €39,383 | +€5,695 | +16.9% |
| Remuneration and social security | 454/9 | €2,019 | €3,880 | +€1,861 | +92.2% |
| Other amounts payable | 47/48 | €100,148 | €100,621 | +€473 | +0.5% |
| Accrued charges and deferred income | 492/3 | €1,971 | €3,022 | +€1,051 | +53.3% |
| Remuneration, social security and pensions | 62 | €22,869 | €25,079 | +€2,210 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,441 | €5,486 | +€1,046 | +23.5% |
| Other operating charges | 640/8 | €3,255 | €3,434 | +€179 | +5.5% |
| Gross operating margin | 9900 | €90,691 | €135,888 | +€45,197 | +49.8% |
| Operating profit (loss) | 9901 | €60,127 | €101,889 | +€41,762 | +69.5% |
| Financial income | 75/76B | €1,210 | €747 | -€463 | -38.2% |
| Recurring financial income | 75 | €1,210 | €747 | -€463 | -38.2% |
| Financial charges | 65/66B | €1,081 | €4,605 | +€3,524 | +326% |
| Recurring financial charges | 65 | €1,081 | €4,605 | +€3,524 | +326% |
| Profit (loss) for the period before taxes | 9903 | €60,256 | €98,031 | +€37,775 | +62.7% |
| Income taxes | 67/77 | €19,721 | €32,135 | +€12,414 | +62.9% |
| Profit (loss) for the period | 9904 | €40,535 | €65,896 | +€25,361 | +62.6% |
| Profit (loss) for the period to be appropriated | 9905 | €40,535 | €65,896 | +€25,361 | +62.6% |
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 25 October 2026 via checked.be.