NIETS DISTILLERY: what changed
What changed
NIETS DISTILLERY
NACE 47.251, Retail sale of wines and spirits
filed annual accounts (NBB)
Net result for the year
€41,651
2024 · -€1.3m+€1.3m
Equity
€709,680
2024 · -€1.1m+€1.9m
Cash
€22,114
2024 · €280,374-€258,260
Balance sheet total
€1.7m
2024 · €2.1m-€380,192
Largest movements
Assets
- Cash -€258,260
down €258,260 (-92.1%), from €280,374 to €22,114
mainly Debts after one year (-€1.4m) and Trade debts (-€707,817)
- Stocks and contracts +€172,331
up €172,331 (+88.8%), from €194,129 to €366,460
- Receivables within one year -€154,190
down €154,190 (-13.2%), from €1.2m to €1.0m
of which Trade receivables: -€302,034
- Intangible fixed assets -€68,984
down €68,984 (-20.4%), from €337,536 to €268,551
- Deferred charges and accrued income -€52,809
down €52,809 (-100%), from €52,809 to €0
Equity and liabilities
- Contributions +€1.8m
up €1.8m (+85.2%), from €2.1m to €3.9m
- Debts after one year -€1.4m
down €1.4m (-99.8%), from €1.4m to €2,400
- Trade debts -€707,817
down €707,817 (-60.0%), from €1.2m to €472,491
- Tax, wage and social debts -€135,191
down €135,191 (-69.8%), from €193,779 to €58,589
of which Taxes: -€84,031
- Other debts +€97,561
up €97,561 (+131%), from €74,421 to €171,983
Income statement
- Gross operating margin +€1.1m
up €1.1m, from -€625,930 to €439,083
- Staff costs -€200,953
down €200,953 (-60.4%), from €332,666 to €131,713
- Write-downs -€83,711
down €83,711, from €37,878 to -€45,833
- Other operating charges +€44,546
up €44,546 (+70.5%), from €63,150 to €107,696
- Financial charges -€25,833
down €25,833 (-30.0%), from €86,127 to €60,294
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.
Result 2024
-€1.3m
Gross operating margin
+€1.1m
Staff costs
+€200,953
Depreciation
-€9,716
Write-downs
+€83,711
Other operating charges
-€44,546
Other operating items
-€1,057
Financial income
-€12,200
Financial charges
+€25,833
Taxes
+€7,857
Result 2025
€41,651
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€620,052
Investment
-€32,823
Financing
+€394,615
Cash 2024
€280,374
From operations (derived)
-€620,052
Net result for the year
+€41,651
Depreciation
+€120,086
Stocks and contracts
-€172,331
Receivables within one year
+€154,190
Deferred charges and accrued income
+€52,809
Trade debts
-€707,817
Tax, wage and social debts
-€135,191
Advances received
+€3,240
Other debts
+€97,561
Accrued charges and deferred income
-€74,251
Investment (derived)
-€32,823
Investment in fixed assets (net)
-€32,823
Financing
+€394,615
Debts after one year
-€1.4m
Short-term financial debts
+€16,308
Contributions, distributions and other
+€1.8m
Cash 2025
€22,114
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,077,276 | €1,697,084 | -€380,192 | -18.3% |
| Fixed assets | 21/28 | €383,271 | €296,008 | -€87,263 | -22.8% |
| Intangible fixed assets | 21 | €337,536 | €268,551 | -€68,984 | -20.4% |
| Tangible fixed assets | 22/27 | €42,251 | €27,456 | -€14,794 | -35.0% |
| Furniture and vehicles | 24 | €42,251 | €27,456 | -€14,794 | -35.0% |
| Financial fixed assets | 28 | €3,485 | €0 | -€3,485 | -100% |
| Current assets | 29/58 | €1,694,005 | €1,401,076 | -€292,928 | -17.3% |
| Stocks and contracts in progress | 3 | €194,129 | €366,460 | +€172,331 | +88.8% |
| Stocks | 30/36 | €194,129 | €366,460 | +€172,331 | +88.8% |
| Amounts receivable within one year | 40/41 | €1,166,692 | €1,012,503 | -€154,190 | -13.2% |
| Trade receivables | 40 | €1,103,291 | €801,257 | -€302,034 | -27.4% |
| Other amounts receivable | 41 | €63,401 | €211,245 | +€147,844 | +233% |
| Cash at bank and in hand | 54/58 | €280,374 | €22,114 | -€258,260 | -92.1% |
| Deferred charges and accrued income | 490/1 | €52,809 | €0 | -€52,809 | -100% |
| Total equity and liabilities | 10/49 | €2,077,276 | €1,697,084 | -€380,192 | -18.3% |
| Equity | 10/15 | -€1,147,278 | €709,680 | +€1.9m | |
| Contributions | 10/11 | €2,131,883 | €3,947,190 | +€1.8m | +85.2% |
| Profit (loss) carried forward | 14 | -€3,279,161 | -€3,237,510 | +€41,651 | +1.3% |
| Amounts payable | 17/49 | €3,224,554 | €987,405 | -€2.2m | -69.4% |
| Amounts payable after more than one year | 17 | €1,439,400 | €2,400 | -€1.4m | -99.8% |
| Financial debts | 170/4 | €1,439,400 | €2,400 | -€1.4m | -99.8% |
| Amounts payable within one year | 42/48 | €1,695,155 | €969,256 | -€725,898 | -42.8% |
| Financial debts | 43 | €246,646 | €262,955 | +€16,308 | +6.6% |
| Credit institutions | 430/8 | €246,646 | €262,955 | +€16,308 | +6.6% |
| Trade debts | 44 | €1,180,308 | €472,491 | -€707,817 | -60.0% |
| Suppliers | 440/4 | €1,180,308 | €472,491 | -€707,817 | -60.0% |
| Advances received on contracts in progress | 46 | - | €3,240 | +€3,240 | |
| Taxes, remuneration and social security | 45 | €193,779 | €58,589 | -€135,191 | -69.8% |
| Taxes | 450/3 | €94,771 | €10,739 | -€84,031 | -88.7% |
| Remuneration and social security | 454/9 | €99,009 | €47,849 | -€51,159 | -51.7% |
| Other amounts payable | 47/48 | €74,421 | €171,983 | +€97,561 | +131% |
| Accrued charges and deferred income | 492/3 | €89,999 | €15,748 | -€74,251 | -82.5% |
| Non-recurring operating income | 76A | €0 | €7,344 | +€7,344 | |
| Remuneration, social security and pensions | 62 | €332,666 | €131,713 | -€200,953 | -60.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,371 | €120,086 | +€9,716 | +8.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €37,878 | -€45,833 | -€83,711 | |
| Other operating charges | 640/8 | €63,150 | €107,696 | +€44,546 | +70.5% |
| Non-recurring operating charges | 66A | €22,586 | €23,643 | +€1,057 | +4.7% |
| Gross operating margin | 9900 | -€625,930 | €439,083 | +€1.1m | |
| Operating profit (loss) | 9901 | -€1,192,579 | €101,777 | +€1.3m | |
| Financial income | 75/76B | €12,604 | €404 | -€12,200 | -96.8% |
| Recurring financial income | 75 | €12,604 | €404 | -€12,200 | -96.8% |
| Financial charges | 65/66B | €86,127 | €60,294 | -€25,833 | -30.0% |
| Recurring financial charges | 65 | €86,127 | €60,294 | -€25,833 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,266,102 | €41,887 | +€1.3m | |
| Income taxes | 67/77 | €8,093 | €236 | -€7,857 | -97.1% |
| Profit (loss) for the period | 9904 | -€1,274,195 | €41,651 | +€1.3m | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,274,195 | €41,651 | +€1.3m |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.