SPIRITS BY DESIGN: what changed
Two fiscal 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.
SPIRITS BY DESIGN
Largest movements
- Receivables within one year -€82,538
down €82,538 (-74.2%), from €111,265 to €28,727
of which Trade receivables: -€77,298
- Financial fixed assets -€62,700
down €62,700 (-97.6%), from €64,250 to €1,550
- Stocks and contracts -€36,119
down €36,119 (-51.6%), from €70,000 to €33,881
- Tangible fixed assets -€28,112
down €28,112 (-5.8%), from €484,224 to €456,112
of which Land and buildings: -€29,340
- Cash -€15,692
down €15,692 (-74.1%), from €21,187 to €5,495
mainly Net result for the year (-€99,297) and Trade debts (-€39,147)
- Reserves -€99,297
down €99,297 (-69.7%), from €142,521 to €43,224
- Trade debts -€39,147
down €39,147 (-99.1%), from €39,517 to €370
- Debts after one year -€36,235
down €36,235 (-10.1%), from €359,512 to €323,277
- Short-term financial debts -€23,041
down €23,041 (-18.7%), from €123,041 to €100,000
- Current portion of long-term debt -€15,582
down €15,582 (-30.1%), from €51,817 to €36,235
- Financial charges +€62,487
up €62,487 (+442.4%), from €14,125 to €76,612
of which Non-recurring financial charges: +€62,699
- Gross operating margin -€40,991
down €40,991 (-62.6%), from €65,523 to €24,532
- Depreciation -€4,255
down €4,255 (-12.3%), from €34,707 to €30,453
- Staff costs -€2,597
down €2,597 (-20.4%), from €12,736 to €10,139
From the 2025 result to the 2026 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.
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €752,171 | €527,277 | -€224,894 | -29.9% |
| Fixed assets | 21/28 | €548,474 | €457,662 | -€90,812 | -16.6% |
| Tangible fixed assets | 22/27 | €484,224 | €456,112 | -€28,112 | -5.8% |
| Land and buildings | 22 | €481,566 | €452,226 | -€29,340 | -6.1% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €1,785 | €0 | -€1,785 | -100.0% |
| Other tangible fixed assets | 26 | €873 | €3,885 | +€3,013 | +345.2% |
| Financial fixed assets | 28 | €64,250 | €1,550 | -€62,700 | -97.6% |
| Current assets | 29/58 | €203,697 | €69,616 | -€134,081 | -65.8% |
| Stocks and contracts in progress | 3 | €70,000 | €33,881 | -€36,119 | -51.6% |
| Stocks | 30/36 | €70,000 | €33,881 | -€36,119 | -51.6% |
| Amounts receivable within one year | 40/41 | €111,265 | €28,727 | -€82,538 | -74.2% |
| Trade receivables | 40 | €106,025 | €28,727 | -€77,298 | -72.9% |
| Other amounts receivable | 41 | €5,240 | €0 | -€5,240 | -100.0% |
| Cash at bank and in hand | 54/58 | €21,187 | €5,495 | -€15,692 | -74.1% |
| Deferred charges and accrued income | 490/1 | €1,244 | €1,512 | +€268 | +21.5% |
| Total equity and liabilities | 10/49 | €752,171 | €527,277 | -€224,894 | -29.9% |
| Equity | 10/15 | €162,521 | €63,224 | -€99,297 | -61.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €142,521 | €43,224 | -€99,297 | -69.7% |
| Distributable reserves | 133 | €142,521 | €43,224 | -€99,297 | -69.7% |
| Amounts payable | 17/49 | €589,650 | €464,053 | -€125,596 | -21.3% |
| Amounts payable after more than one year | 17 | €359,512 | €323,277 | -€36,235 | -10.1% |
| Financial debts | 170/4 | €359,512 | €323,277 | -€36,235 | -10.1% |
| Amounts payable within one year | 42/48 | €230,138 | €140,776 | -€89,361 | -38.8% |
| Current portion of amounts payable after more than one year | 42 | €51,817 | €36,235 | -€15,582 | -30.1% |
| Financial debts | 43 | €123,041 | €100,000 | -€23,041 | -18.7% |
| Credit institutions | 430/8 | €123,041 | €100,000 | -€23,041 | -18.7% |
| Trade debts | 44 | €39,517 | €370 | -€39,147 | -99.1% |
| Suppliers | 440/4 | €39,517 | €370 | -€39,147 | -99.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €5,872 | €4,172 | -€1,700 | -29.0% |
| Taxes | 450/3 | €4,934 | €4,138 | -€797 | -16.1% |
| Remuneration and social security | 454/9 | €938 | €34 | -€904 | -96.4% |
| Other amounts payable | 47/48 | €9,890 | €0 | -€9,890 | -100.0% |
| Non-recurring operating income | 76A | €26,508 | €65,057 | +€38,550 | +145.4% |
| Remuneration, social security and pensions | 62 | €12,736 | €10,139 | -€2,597 | -20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,707 | €30,453 | -€4,255 | -12.3% |
| Other operating charges | 640/8 | €6,709 | €6,458 | -€251 | -3.7% |
| Gross operating margin | 9900 | €65,523 | €24,532 | -€40,991 | -62.6% |
| Operating profit (loss) | 9901 | €11,370 | -€22,518 | -€33,888 | |
| Financial income | 75/76B | €1 | €46 | +€45 | +7258.1% |
| Recurring financial income | 75 | €1 | €46 | +€45 | +7258.1% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €14,125 | €76,612 | +€62,487 | +442.4% |
| Recurring financial charges | 65 | €14,125 | €13,913 | -€212 | -1.5% |
| Non-recurring financial charges | 66B | - | €62,699 | +€62,699 | |
| Profit (loss) for the period before taxes | 9903 | -€2,754 | -€99,084 | -€96,330 | -3498.0% |
| Income taxes | 67/77 | €344 | €213 | -€131 | -38.1% |
| Profit (loss) for the period | 9904 | -€3,098 | -€99,297 | -€96,199 | -3105.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,098 | -€99,297 | -€96,199 | -3105.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.