The 3 G: 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.
What changed
The 3 G
NACE 46.341, Wholesale of wines and spirits
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€7,781
2024 · -€10,274+€18,055
Equity
€192,749
2024 · €184,968+€7,781
Cash
€16,694
2024 · €30,620-€13,926
Balance sheet total
€1.7m
2024 · €1.6m+€26,675
Largest movements
Assets
- Stocks and contracts +€30,834
up €30,834 (+7.8%), from €395,529 to €426,363
- Receivables within one year +€18,212
up €18,212 (+9.6%), from €189,577 to €207,789
Equity and liabilities
- Trade debts +€104,542
up €104,542 (+16.7%), from €627,188 to €731,730
- Debts after one year -€54,646
down €54,646 (-9.5%), from €574,008 to €519,362
of which Financial debts: -€47,998
- Accrued charges and deferred income -€26,180
down €26,180 (-71.8%), from €36,456 to €10,276
Income statement
- Gross operating margin +€69,190
up €69,190 (+22.8%), from €303,398 to €372,589
- Staff costs +€52,063
up €52,063 (+19.6%), from €266,187 to €318,250
- Financial charges +€4,230
up €4,230 (+16.7%), from €25,376 to €29,606
- Other operating charges -€3,891
down €3,891 (-38.0%), from €10,252 to €6,362
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.
Result 2024
-€10,274
Gross operating margin
+€69,190
Staff costs
-€52,063
Depreciation
+€1,286
Other operating charges
+€3,891
Financial income
+€299
Financial charges
-€4,230
Taxes
-€318
Result 2025
€7,781
raises the resultlowers the result
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.
From operations
+€57,814
Investment
-€4,348
Financing
-€67,392
Cash 2024
€30,620
From operations (derived)
+€57,814
Net result for the year
+€7,781
Depreciation
+€9,985
Stocks and contracts
-€30,834
Receivables within one year
-€18,212
Deferred charges and accrued income
+€2,807
Trade debts
+€104,542
Tax, wage and social debts
+€7,924
Accrued charges and deferred income
-€26,180
Investment (derived)
-€4,348
Investment in fixed assets (net)
-€4,362
Current investments
+€14
Financing
-€67,392
Debts after one year
-€54,646
Current portion of long-term debt
-€12,747
Cash 2025
€16,694
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,641,266 | €1,667,941 | +€26,675 | +1.6% |
| Fixed assets | 21/28 | €1,021,042 | €1,015,418 | -€5,623 | -0.6% |
| Intangible fixed assets | 21 | €14,986 | €14,446 | -€540 | -3.6% |
| Tangible fixed assets | 22/27 | €1,006,056 | €1,000,973 | -€5,084 | -0.5% |
| Land and buildings | 22 | €245,859 | €245,859 | = | 0.0% |
| Plant, machinery and equipment | 23 | €14,632 | €12,154 | -€2,478 | -16.9% |
| Furniture and vehicles | 24 | €25,338 | €9,149 | -€16,189 | -63.9% |
| Other tangible fixed assets | 26 | €127,794 | €138,548 | +€10,754 | +8.4% |
| Assets under construction and advance payments | 27 | €592,434 | €595,263 | +€2,829 | +0.5% |
| Current assets | 29/58 | €620,224 | €652,523 | +€32,298 | +5.2% |
| Stocks and contracts in progress | 3 | €395,529 | €426,363 | +€30,834 | +7.8% |
| Stocks | 30/36 | €395,529 | €426,363 | +€30,834 | +7.8% |
| Amounts receivable within one year | 40/41 | €189,577 | €207,789 | +€18,212 | +9.6% |
| Trade receivables | 40 | €189,577 | €207,789 | +€18,212 | +9.6% |
| Current investments | 50/53 | €53 | €39 | -€14 | -26.7% |
| Cash at bank and in hand | 54/58 | €30,620 | €16,694 | -€13,926 | -45.5% |
| Deferred charges and accrued income | 490/1 | €4,445 | €1,638 | -€2,807 | -63.2% |
| Total equity and liabilities | 10/49 | €1,641,266 | €1,667,941 | +€26,675 | +1.6% |
| Equity | 10/15 | €184,968 | €192,749 | +€7,781 | +4.2% |
| Contributions | 10/11 | €148,736 | €148,736 | = | 0.0% |
| Capital | 10 | €148,736 | €148,736 | = | 0.0% |
| Issued capital | 100 | €148,736 | €148,736 | = | 0.0% |
| Reserves | 13 | €43,624 | €43,624 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,874 | €14,874 | = | 0.0% |
| Legal reserve | 130 | €14,874 | €14,874 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,392 | €389 | +€7,781 | |
| Amounts payable | 17/49 | €1,456,298 | €1,475,192 | +€18,894 | +1.3% |
| Amounts payable after more than one year | 17 | €574,008 | €519,362 | -€54,646 | -9.5% |
| Financial debts | 170/4 | €417,367 | €369,369 | -€47,998 | -11.5% |
| Other amounts payable | 178/9 | €156,641 | €149,993 | -€6,648 | -4.2% |
| Amounts payable within one year | 42/48 | €845,834 | €945,554 | +€99,720 | +11.8% |
| Current portion of amounts payable after more than one year | 42 | €62,666 | €49,919 | -€12,747 | -20.3% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €627,188 | €731,730 | +€104,542 | +16.7% |
| Suppliers | 440/4 | €627,188 | €731,730 | +€104,542 | +16.7% |
| Taxes, remuneration and social security | 45 | €52,041 | €59,966 | +€7,924 | +15.2% |
| Taxes | 450/3 | €24,218 | €19,422 | -€4,796 | -19.8% |
| Remuneration and social security | 454/9 | €27,823 | €40,544 | +€12,721 | +45.7% |
| Other amounts payable | 47/48 | €3,939 | €3,939 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €36,456 | €10,276 | -€26,180 | -71.8% |
| Remuneration, social security and pensions | 62 | €266,187 | €318,250 | +€52,063 | +19.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,271 | €9,985 | -€1,286 | -11.4% |
| Other operating charges | 640/8 | €10,252 | €6,362 | -€3,891 | -38.0% |
| Gross operating margin | 9900 | €303,398 | €372,589 | +€69,190 | +22.8% |
| Operating profit (loss) | 9901 | €15,688 | €37,992 | +€22,304 | +142% |
| Financial income | 75/76B | €352 | €651 | +€299 | +85.0% |
| Recurring financial income | 75 | €352 | €651 | +€299 | +85.0% |
| Financial charges | 65/66B | €25,376 | €29,606 | +€4,230 | +16.7% |
| Recurring financial charges | 65 | €25,376 | €29,606 | +€4,230 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | -€9,336 | €9,037 | +€18,373 | |
| Income taxes | 67/77 | €938 | €1,256 | +€318 | +33.9% |
| Profit (loss) for the period | 9904 | -€10,274 | €7,781 | +€18,055 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,274 | €7,781 | +€18,055 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.