THE GRAPE 1870: 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 GRAPE 1870
NACE 46.341, Wholesale of wines and spirits
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€19,282
2024 · €12,167+€7,115
Equity
€1.4m
2024 · €1.4m+€19,282
Cash
€45,567
2024 · €88,106-€42,540
Balance sheet total
€5.8m
2024 · €5.4m+€381,481
Largest movements
Assets
- Stocks and contracts +€467,748
up €467,748 (+13.7%), from €3.4m to €3.9m
- Tangible fixed assets -€86,771
down €86,771 (-10.3%), from €844,939 to €758,168
of which Land and buildings: -€76,145
Equity and liabilities
- Trade debts +€456,596
up €456,596 (+29.9%), from €1.5m to €2.0m
- Debts after one year -€145,733
down €145,733 (-17.7%), from €821,700 to €675,967
Income statement
- Other operating charges +€50,834
up €50,834 (+197%), from €25,780 to €76,614
- Financial charges -€30,715
down €30,715 (-26.3%), from €116,616 to €85,901
- Staff costs -€27,406
down €27,406 (-5.5%), from €497,415 to €470,009
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
€12,167
Gross operating margin
-€3,371
Staff costs
+€27,406
Depreciation
-€2,042
Write-downs
-€475
Other operating charges
-€50,834
Other operating items
+€5,790
Financial income
-€85
Financial charges
+€30,715
Taxes
+€12
Result 2025
€19,282
raises the resultlowers the resultnot broken down further in the accounts
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
+€107,261
Investment
-€21,734
Financing
-€128,067
Cash 2024
€88,106
From operations (derived)
+€107,261
Net result for the year
+€19,282
Depreciation
+€120,197
Stocks and contracts
-€467,748
Receivables within one year
-€45,647
Deferred charges and accrued income
-€9,088
Trade debts
+€456,596
Tax, wage and social debts
+€33,669
Investment (derived)
-€21,734
Investment in fixed assets (net)
-€21,734
Financing
-€128,067
Debts after one year
-€145,733
Current portion of long-term debt
-€11,075
Short-term financial debts
+€28,742
Cash 2025
€45,567
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,390,748 | €5,772,229 | +€381,481 | +7.1% |
| Fixed assets | 21/28 | €1,004,184 | €905,721 | -€98,463 | -9.8% |
| Intangible fixed assets | 21 | €32,996 | €21,304 | -€11,692 | -35.4% |
| Tangible fixed assets | 22/27 | €844,939 | €758,168 | -€86,771 | -10.3% |
| Land and buildings | 22 | €793,752 | €717,606 | -€76,145 | -9.6% |
| Plant, machinery and equipment | 23 | €4,578 | €2,721 | -€1,856 | -40.5% |
| Furniture and vehicles | 24 | €46,609 | €37,840 | -€8,769 | -18.8% |
| Financial fixed assets | 28 | €126,250 | €126,250 | = | 0.0% |
| Current assets | 29/58 | €4,386,564 | €4,866,507 | +€479,944 | +10.9% |
| Stocks and contracts in progress | 3 | €3,414,393 | €3,882,141 | +€467,748 | +13.7% |
| Stocks | 30/36 | €3,414,393 | €3,882,141 | +€467,748 | +13.7% |
| Amounts receivable within one year | 40/41 | €878,408 | €924,056 | +€45,647 | +5.2% |
| Trade receivables | 40 | €863,361 | €909,017 | +€45,656 | +5.3% |
| Other amounts receivable | 41 | €15,047 | €15,038 | -€9 | -0.1% |
| Cash at bank and in hand | 54/58 | €88,106 | €45,567 | -€42,540 | -48.3% |
| Deferred charges and accrued income | 490/1 | €5,656 | €14,745 | +€9,088 | +161% |
| Total equity and liabilities | 10/49 | €5,390,748 | €5,772,229 | +€381,481 | +7.1% |
| Equity | 10/15 | €1,378,986 | €1,398,268 | +€19,282 | +1.4% |
| Contributions | 10/11 | €1,030,000 | €1,030,000 | = | 0.0% |
| Reserves | 13 | €348,986 | €368,268 | +€19,282 | +5.5% |
| Tax-exempt reserves | 132 | €467 | €467 | = | 0.0% |
| Distributable reserves | 133 | €348,519 | €367,801 | +€19,282 | +5.5% |
| Amounts payable | 17/49 | €4,011,762 | €4,373,961 | +€362,198 | +9.0% |
| Amounts payable after more than one year | 17 | €821,700 | €675,967 | -€145,733 | -17.7% |
| Financial debts | 170/4 | €821,700 | €675,967 | -€145,733 | -17.7% |
| Amounts payable within one year | 42/48 | €3,190,062 | €3,697,994 | +€507,931 | +15.9% |
| Current portion of amounts payable after more than one year | 42 | €159,710 | €148,634 | -€11,075 | -6.9% |
| Financial debts | 43 | €1,325,441 | €1,354,182 | +€28,742 | +2.2% |
| Credit institutions | 430/8 | €1,325,441 | €1,354,182 | +€28,742 | +2.2% |
| Trade debts | 44 | €1,527,955 | €1,984,551 | +€456,596 | +29.9% |
| Suppliers | 440/4 | €1,527,955 | €1,984,551 | +€456,596 | +29.9% |
| Taxes, remuneration and social security | 45 | €176,957 | €210,626 | +€33,669 | +19.0% |
| Taxes | 450/3 | €119,962 | €161,387 | +€41,425 | +34.5% |
| Remuneration and social security | 454/9 | €56,995 | €49,239 | -€7,756 | -13.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €69,807 | €0 | -€69,807 | -100% |
| Remuneration, social security and pensions | 62 | €497,415 | €470,009 | -€27,406 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,155 | €120,197 | +€2,042 | +1.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€254 | €221 | +€475 | |
| Other operating charges | 640/8 | €25,780 | €76,614 | +€50,834 | +197% |
| Non-recurring operating charges | 66A | €5,790 | €0 | -€5,790 | -100% |
| Gross operating margin | 9900 | €769,671 | €766,300 | -€3,371 | -0.4% |
| Operating profit (loss) | 9901 | €122,785 | €99,259 | -€23,526 | -19.2% |
| Financial income | 75/76B | €6,603 | €6,518 | -€85 | -1.3% |
| Recurring financial income | 75 | €6,603 | €6,518 | -€85 | -1.3% |
| Financial charges | 65/66B | €116,616 | €85,901 | -€30,715 | -26.3% |
| Recurring financial charges | 65 | €116,616 | €85,901 | -€30,715 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | €12,773 | €19,876 | +€7,103 | +55.6% |
| Income taxes | 67/77 | €606 | €594 | -€12 | -2.0% |
| Profit (loss) for the period | 9904 | €12,167 | €19,282 | +€7,115 | +58.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,167 | €19,282 | +€7,115 | +58.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.