The Grapevine Holding: 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.
The Grapevine Holding
Largest movements
- Cash +€2.0m
up €2.0m (+1,453%), from €137,594 to €2.1m
mainly Net result for the year (+€2.0m) and Receivables within one year (+€14,612)
- Profit (loss) carried forward +€2.0m
up €2.0m (+268%), from €736,036 to €2.7m
- Financial income +€2.0m
new in 2025: €2.0m
- Financial charges +€16,829
up €16,829 (+7,328%), from €230 to €17,059
of which Non-recurring financial charges: +€10,000
- Gross operating margin -€7,342
down €7,342 (-303%), from -€2,423 to -€9,764
- Other operating charges -€879
down €879 (-42.9%), from €2,048 to €1,168
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 | €4,302,506 | €6,274,971 | +€2.0m | +45.8% |
| Fixed assets | 21/28 | €4,017,814 | €4,007,814 | -€10,000 | -0.2% |
| Financial fixed assets | 28 | €4,017,814 | €4,007,814 | -€10,000 | -0.2% |
| Current assets | 29/58 | €284,692 | €2,267,157 | +€2.0m | +696% |
| Amounts receivable within one year | 40/41 | €141,822 | €127,210 | -€14,612 | -10.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €141,822 | €127,210 | -€14,612 | -10.3% |
| Cash at bank and in hand | 54/58 | €137,594 | €2,137,339 | +€2.0m | +1,453% |
| Deferred charges and accrued income | 490/1 | €5,276 | €2,608 | -€2,668 | -50.6% |
| Total equity and liabilities | 10/49 | €4,302,506 | €6,274,971 | +€2.0m | +45.8% |
| Equity | 10/15 | €4,268,260 | €6,239,585 | +€2.0m | +46.2% |
| Contributions | 10/11 | €3,518,600 | €3,518,600 | = | 0.0% |
| Reserves | 13 | €13,623 | €13,623 | = | 0.0% |
| Distributable reserves | 133 | €13,623 | €13,623 | = | 0.0% |
| Profit (loss) carried forward | 14 | €736,036 | €2,707,362 | +€2.0m | +268% |
| Amounts payable | 17/49 | €34,247 | €35,386 | +€1,139 | +3.3% |
| Amounts payable within one year | 42/48 | €34,247 | €35,386 | +€1,139 | +3.3% |
| Trade debts | 44 | €79 | €535 | +€456 | +577% |
| Suppliers | 440/4 | €79 | €535 | +€456 | +577% |
| Other amounts payable | 47/48 | €34,167 | €34,851 | +€683 | +2.0% |
| Other operating charges | 640/8 | €2,048 | €1,168 | -€879 | -42.9% |
| Gross operating margin | 9900 | -€2,423 | -€9,764 | -€7,342 | -303% |
| Operating profit (loss) | 9901 | -€4,470 | -€10,933 | -€6,462 | -145% |
| Financial income | 75/76B | - | €1,999,317 | +€2.0m | |
| Recurring financial income | 75 | - | €1,999,317 | +€2.0m | |
| Financial charges | 65/66B | €230 | €17,059 | +€16,829 | +7,328% |
| Recurring financial charges | 65 | €230 | €7,059 | +€6,829 | +2,974% |
| Non-recurring financial charges | 66B | - | €10,000 | +€10,000 | |
| Profit (loss) for the period before taxes | 9903 | -€4,700 | €1,971,326 | +€2.0m | |
| Profit (loss) for the period | 9904 | -€4,700 | €1,971,326 | +€2.0m | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,700 | €1,971,326 | +€2.0m |
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 31 October 2026 via checked.be.