Smart Wine Invest: what changed
What changed
Smart Wine Invest
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
-€118,436
2024 · -€556,881+€438,445
Equity
€1.2m
2024 · €1.3m-€118,436
Cash
€214,361
2024 · €250,179-€35,817
Balance sheet total
€7.2m
2024 · €7.3m-€120,727
Largest movements
Assets
- Receivables within one year -€135,250
down €135,250 (-100%), from €135,250 to €0
of which Trade receivables: -€71,648
Equity and liabilities
- Debts after one year -€776,200
down €776,200 (-18.4%), from €4.2m to €3.4m
- Other debts +€667,967
up €667,967 (+64.8%), from €1.0m to €1.7m
- Profit (loss) carried forward -€118,436
down €118,436 (-21.3%), from -€556,881 to -€675,317
- Accrued charges and deferred income +€80,960
up €80,960 (+220%), from €36,800 to €117,760
Income statement
- Gross operating margin +€472,945
up €472,945, from -€310,981 to €161,964
- Financial income -€102,000
down €102,000 (-100.0%), from €102,000 to €0
- Financial charges -€66,350
down €66,350 (-19.2%), from €346,242 to €279,892
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
-€556,881
Gross operating margin
+€472,945
Other operating charges
+€1,150
Financial income
-€102,000
Financial charges
+€66,350
Result 2025
-€118,436
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
+€777,049
Investment
-€50,000
Financing
-€762,867
Cash 2024
€250,179
From operations (derived)
+€777,049
Net result for the year
-€118,436
Receivables within one year
+€135,250
Deferred charges and accrued income
-€340
Trade debts
-€12,410
Tax, wage and social debts
+€24,058
Other debts
+€667,967
Accrued charges and deferred income
+€80,960
Investment (derived)
-€50,000
Investment in fixed assets (net)
-€50,000
Financing
-€762,867
Debts after one year
-€776,200
Current portion of long-term debt
+€13,333
Cash 2025
€214,361
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,348,429 | €7,227,702 | -€120,727 | -1.6% |
| Fixed assets | 21/28 | €6,963,000 | €7,013,000 | +€50,000 | +0.7% |
| Financial fixed assets | 28 | €6,963,000 | €7,013,000 | +€50,000 | +0.7% |
| Current assets | 29/58 | €385,429 | €214,702 | -€170,727 | -44.3% |
| Amounts receivable within one year | 40/41 | €135,250 | €0 | -€135,250 | -100% |
| Trade receivables | 40 | €71,648 | €0 | -€71,648 | -100% |
| Other amounts receivable | 41 | €63,602 | €0 | -€63,602 | -100% |
| Cash at bank and in hand | 54/58 | €250,179 | €214,361 | -€35,817 | -14.3% |
| Deferred charges and accrued income | 490/1 | - | €340 | +€340 | |
| Total equity and liabilities | 10/49 | €7,348,429 | €7,227,702 | -€120,727 | -1.6% |
| Equity | 10/15 | €1,283,119 | €1,164,683 | -€118,436 | -9.2% |
| Contributions | 10/11 | €1,840,000 | €1,840,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€556,881 | -€675,317 | -€118,436 | -21.3% |
| Amounts payable | 17/49 | €6,065,310 | €6,063,019 | -€2,292 | 0.0% |
| Amounts payable after more than one year | 17 | €4,221,933 | €3,445,733 | -€776,200 | -18.4% |
| Financial debts | 170/4 | €4,221,933 | €3,445,733 | -€776,200 | -18.4% |
| Amounts payable within one year | 42/48 | €1,806,577 | €2,499,525 | +€692,948 | +38.4% |
| Current portion of amounts payable after more than one year | 42 | €762,867 | €776,200 | +€13,333 | +1.7% |
| Trade debts | 44 | €13,540 | €1,130 | -€12,410 | -91.7% |
| Suppliers | 440/4 | €13,540 | €1,130 | -€12,410 | -91.7% |
| Taxes, remuneration and social security | 45 | - | €24,058 | +€24,058 | |
| Taxes | 450/3 | - | €24,058 | +€24,058 | |
| Other amounts payable | 47/48 | €1,030,170 | €1,698,137 | +€667,967 | +64.8% |
| Accrued charges and deferred income | 492/3 | €36,800 | €117,760 | +€80,960 | +220% |
| Other operating charges | 640/8 | €1,658 | €507 | -€1,150 | -69.4% |
| Gross operating margin | 9900 | -€310,981 | €161,964 | +€472,945 | |
| Operating profit (loss) | 9901 | -€312,639 | €161,456 | +€474,095 | |
| Financial income | 75/76B | €102,000 | €0 | -€102,000 | -100.0% |
| Recurring financial income | 75 | €102,000 | €0 | -€102,000 | -100.0% |
| Financial charges | 65/66B | €346,242 | €279,892 | -€66,350 | -19.2% |
| Recurring financial charges | 65 | €346,242 | €279,892 | -€66,350 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | -€556,881 | -€118,436 | +€438,445 | +78.7% |
| Profit (loss) for the period | 9904 | -€556,881 | -€118,436 | +€438,445 | +78.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€556,881 | -€118,436 | +€438,445 | +78.7% |
Next steps
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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 3 November 2026 via checked.be.