Pinot Noir: 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.
Pinot Noir
Largest movements
- Cash +€14,707
up €14,707 (+24.2%), from €60,746 to €75,453
mainly Other debts (+€40,000) and Net result for the year (+€13,837)
- Tangible fixed assets -€5,312
down €5,312 (-51.0%), from €10,406 to €5,094
- Receivables within one year +€3,025
up €3,025 (+250%), from €1,210 to €4,235
- Other debts +€40,000
new in 2025: €40,000
- Reserves -€33,222
down €33,222 (-58.6%), from €56,671 to €23,449
- Tax, wage and social debts +€13,461
up €13,461 (+759%), from €1,774 to €15,235
- Current portion of long-term debt -€6,880
no longer reported in 2025 (was €6,880)
- Trade debts -€939
down €939 (-46.1%), from €2,037 to €1,098
- Gross operating margin +€11,377
up €11,377 (+89.1%), from €12,772 to €24,149
- Taxes +€5,352
up €5,352 (+596%), from €898 to €6,250
- Financial income +€1,605
up €1,605 (+692%), from €232 to €1,837
- Financial charges -€1,096
down €1,096 (-77.3%), from €1,417 to €321
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 | €72,362 | €84,782 | +€12,420 | +17.2% |
| Fixed assets | 21/28 | €10,406 | €5,094 | -€5,312 | -51.0% |
| Tangible fixed assets | 22/27 | €10,406 | €5,094 | -€5,312 | -51.0% |
| Furniture and vehicles | 24 | €10,406 | €5,094 | -€5,312 | -51.0% |
| Current assets | 29/58 | €61,956 | €79,688 | +€17,732 | +28.6% |
| Amounts receivable within one year | 40/41 | €1,210 | €4,235 | +€3,025 | +250% |
| Trade receivables | 40 | €1,210 | €4,235 | +€3,025 | +250% |
| Cash at bank and in hand | 54/58 | €60,746 | €75,453 | +€14,707 | +24.2% |
| Total equity and liabilities | 10/49 | €72,362 | €84,782 | +€12,420 | +17.2% |
| Equity | 10/15 | €61,671 | €28,449 | -€33,222 | -53.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €56,671 | €23,449 | -€33,222 | -58.6% |
| Distributable reserves | 133 | €56,671 | €23,449 | -€33,222 | -58.6% |
| Amounts payable | 17/49 | €10,691 | €56,333 | +€45,642 | +427% |
| Amounts payable within one year | 42/48 | €10,691 | €56,333 | +€45,642 | +427% |
| Current portion of amounts payable after more than one year | 42 | €6,880 | - | -€6,880 | |
| Trade debts | 44 | €2,037 | €1,098 | -€939 | -46.1% |
| Suppliers | 440/4 | €2,037 | €1,098 | -€939 | -46.1% |
| Taxes, remuneration and social security | 45 | €1,774 | €15,235 | +€13,461 | +759% |
| Taxes | 450/3 | €1,774 | €15,235 | +€13,461 | +759% |
| Other amounts payable | 47/48 | - | €40,000 | +€40,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,313 | €5,313 | = | 0.0% |
| Other operating charges | 640/8 | €156 | €265 | +€109 | +69.9% |
| Gross operating margin | 9900 | €12,772 | €24,149 | +€11,377 | +89.1% |
| Operating profit (loss) | 9901 | €7,303 | €18,571 | +€11,268 | +154% |
| Financial income | 75/76B | €232 | €1,837 | +€1,605 | +692% |
| Recurring financial income | 75 | €232 | €1,837 | +€1,605 | +692% |
| Financial charges | 65/66B | €1,417 | €321 | -€1,096 | -77.3% |
| Recurring financial charges | 65 | €1,417 | €321 | -€1,096 | -77.3% |
| Profit (loss) for the period before taxes | 9903 | €6,118 | €20,087 | +€13,969 | +228% |
| Income taxes | 67/77 | €898 | €6,250 | +€5,352 | +596% |
| Profit (loss) for the period | 9904 | €5,220 | €13,837 | +€8,617 | +165% |
| Profit (loss) for the period to be appropriated | 9905 | €5,220 | €13,837 | +€8,617 | +165% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.