OLDWINE CAPITAL: what changed
What changed
OLDWINE CAPITAL
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
€688,046
2024 · €4.7m-€4.0m
Equity
€6.8m
2024 · €6.2m+€688,046
Cash
€10,009
2024 · €54,244-€44,235
Balance sheet total
€7.4m
2024 · €6.6m+€816,480
Largest movements
Assets
- Current investments +€1.7m
up €1.7m (+36.4%), from €4.7m to €6.4m
- Receivables after one year -€909,170
down €909,170 (-50.0%), from €1.8m to €909,170
Equity and liabilities
- Reserves +€687,900
up €687,900 (+14.6%), from €4.7m to €5.4m
of which Distributable reserves: +€687,900
- Tax, wage and social debts +€92,638
up €92,638 (+19.6%), from €471,862 to €564,500
Income statement
- Gross operating margin -€4.7m
down €4.7m (-89.0%), from €5.3m to €583,539
- Taxes -€367,398
down €367,398 (-77.8%), from €472,176 to €104,778
- Financial income +€236,069
up €236,069 (+882%), from €26,755 to €262,825
- Financial charges -€77,566
down €77,566 (-67.6%), from €114,675 to €37,110
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
€4.7m
Gross operating margin
-€4.7m
Depreciation
-€1,047
Other operating charges
-€6,047
Financial income
+€236,069
Financial charges
+€77,566
Taxes
+€367,398
Result 2025
€688,046
raises the resultlowers the result
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
+€1.7m
Investment
-€1.7m
Financing
€0
Cash 2024
€54,244
From operations (derived)
+€1.7m
Net result for the year
+€688,046
Depreciation
+€6,139
Receivables after one year
+€909,170
Receivables within one year
-€31,347
Smaller working-capital items
+€101
Trade debts
+€34,174
Tax, wage and social debts
+€92,638
Investment (derived)
-€1.7m
Investment in fixed assets (net)
-€25,083
Current investments
-€1.7m
Cash 2025
€10,009
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,633,517 | €7,449,997 | +€816,480 | +12.3% |
| Fixed assets | 21/28 | €11,345 | €30,289 | +€18,944 | +167% |
| Tangible fixed assets | 22/27 | €11,345 | €30,289 | +€18,944 | +167% |
| Furniture and vehicles | 24 | €3,104 | €23,331 | +€20,227 | +652% |
| Other tangible fixed assets | 26 | €8,241 | €6,958 | -€1,284 | -15.6% |
| Current assets | 29/58 | €6,622,171 | €7,419,708 | +€797,537 | +12.0% |
| Amounts receivable after more than one year | 29 | €1,818,341 | €909,170 | -€909,170 | -50.0% |
| Other amounts receivable | 291 | €1,818,341 | €909,170 | -€909,170 | -50.0% |
| Amounts receivable within one year | 40/41 | €30,914 | €62,260 | +€31,347 | +101% |
| Trade receivables | 40 | €8,049 | €40,767 | +€32,718 | +406% |
| Other amounts receivable | 41 | €22,865 | €21,494 | -€1,371 | -6.0% |
| Current investments | 50/53 | €4,717,776 | €6,435,851 | +€1.7m | +36.4% |
| Cash at bank and in hand | 54/58 | €54,244 | €10,009 | -€44,235 | -81.5% |
| Deferred charges and accrued income | 490/1 | €897 | €2,418 | +€1,521 | +170% |
| Total equity and liabilities | 10/49 | €6,633,517 | €7,449,997 | +€816,480 | +12.3% |
| Equity | 10/15 | €6,153,419 | €6,841,466 | +€688,046 | +11.2% |
| Contributions | 10/11 | €1,248,300 | €1,248,300 | = | 0.0% |
| Reserves | 13 | €4,724,589 | €5,412,489 | +€687,900 | +14.6% |
| Non-distributable reserves | 130/1 | €10,189 | €10,189 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,189 | €10,189 | = | 0.0% |
| Distributable reserves | 133 | €4,714,400 | €5,402,300 | +€687,900 | +14.6% |
| Profit (loss) carried forward | 14 | €180,531 | €180,677 | +€146 | +0.1% |
| Amounts payable | 17/49 | €480,097 | €608,531 | +€128,434 | +26.8% |
| Amounts payable within one year | 42/48 | €480,097 | €608,531 | +€128,434 | +26.8% |
| Trade debts | 44 | €8,235 | €42,409 | +€34,174 | +415% |
| Suppliers | 440/4 | €8,235 | €42,409 | +€34,174 | +415% |
| Taxes, remuneration and social security | 45 | €471,862 | €564,500 | +€92,638 | +19.6% |
| Taxes | 450/3 | €471,862 | €564,500 | +€92,638 | +19.6% |
| Other amounts payable | 47/48 | - | €1,622 | +€1,622 | |
| Non-recurring operating income | 76A | €5,303,187 | €606,114 | -€4.7m | -88.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,092 | €6,139 | +€1,047 | +20.6% |
| Other operating charges | 640/8 | €4,244 | €10,291 | +€6,047 | +142% |
| Gross operating margin | 9900 | €5,283,936 | €583,539 | -€4.7m | -89.0% |
| Operating profit (loss) | 9901 | €5,274,600 | €567,109 | -€4.7m | -89.2% |
| Financial income | 75/76B | €26,755 | €262,825 | +€236,069 | +882% |
| Recurring financial income | 75 | €26,755 | €262,825 | +€236,069 | +882% |
| Financial charges | 65/66B | €114,675 | €37,110 | -€77,566 | -67.6% |
| Recurring financial charges | 65 | €114,675 | €37,110 | -€77,566 | -67.6% |
| Profit (loss) for the period before taxes | 9903 | €5,186,681 | €792,824 | -€4.4m | -84.7% |
| Income taxes | 67/77 | €472,176 | €104,778 | -€367,398 | -77.8% |
| Profit (loss) for the period | 9904 | €4,714,505 | €688,046 | -€4.0m | -85.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,714,505 | €688,046 | -€4.0m | -85.4% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.